BITCOIN —-PSYCH-OP TOWARDS ONE WORLD DIGITAL CURRENCY ?

December 14th, 2017

Awake Goy

Bitcoin is a CryptoCurrency A cryptocurrency (or crypto currency) is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets.

That’s the key really MEDIUM OF EXCHANGE Also a currency (crypto or otherwise) is a STORE OF VALUE across time You work hard today and tomorrow or years from now you can avail of the VALUE of that work stored across time So who can create such an important social asset? Only a person or entity who can COMMAND THE CONFIDENCE OF ALL persons living in that country or that common market (like the European Union) The Central Bank of that country which not matter what its structure is is backed by the state

Thats all money does really ………..and Bitcoin IS money Once this is understood the rest is basically a whole lot of bull shit

Bitcoin is in the news for the wild price fluctuation vis a vis real money ie the Dollar Its crossed 15000 dollars for ONE Bitcoin It keeps fluctuating wildly will daily drops of as much as 30 percent

Obviously it has neither of the three attributes of medium of exchange store of value or public confidence Its acts more like a stick market pump and dump scam then an alternative for physical money

Bitcoin is not the only digital currency There are other currencies like Dogecoin for example which aren’t used so extensively or have the hype bitcoin does The only reason bitcoin has such publicity is because of its incredibly rapid rise in value vis a vis the dollar Thats no accident

Someone or some group is very busy pumping up the bitcoin The media keeps you busy with Bitcoin mythology Of course very little of the drivel the press puts out helps the average person understand crypto currency any better

Bitcoin could be just a scam a pump and dump con like the Tulip Mania in Holland in the 1630s

But t could be more It could be a smokescreen a psych-op to prepare the populace for the replacement of physical money for digital money

Central banks look to the future of money with blockchain technology trial

QUOTE At last week’s fintech festival in Singapore, two announcements illustrate the speed at which the world of digital currencies is moving and how the future of money is set to be reshaped by the forces of technology.

First, the Monetary Authority of Singapore – which organised the event attended by 11,000 delegates from 50 countries – said it would trial its own digital currency for interbank payments using blockchain technology.

The move by MAS, Singapore’s central bank, to trial a digital currency of its own is significant. Banks have been trialling various distributed ledger technologies this year for international payments – which promise to slice cost and risk by moving cross-border payments to near real-time and removing intermediaries – but remain concerned that exchanging fiat currency into some cryptocurrency and back again exposes them to unacceptable volatility given the wild price gyrations experienced by bitcoin or Ripple’s XRP.

BUT IF A CENTRAL BANK WERE TO ISSUE THEIR OWN DIGITAL COINS BACKED ONE-TO-ONE BY THE LOCAL FIAT CURRENCY –and allowed them to circulate in parallel and at par with banknotes, with distribution and verification conducted by authorised parties – many of the banks’ concerns would be removed.

Singapore’s central bank is not alone exploring the issuance of digital currency: South Korea, Zimbabwe, Canada, the Bank of England and the People’s Bank of China are all studying the technology intently. Mr Shipman says that within a year, one of the central banks currently examining digital currency “will make a big move on this”.

According to Bloomberg’s report on the Singapore digital currency trial, banks will deposit cash as collateral in exchange for digital currency issued by the central bank, participating banks will be able to pay each other directly with this digital currency instead of first sending payment instructions through MAS, and banks will be able to later redeem the digital currency for cash.

The UK‘s Department for Work and Pensions is trialling a new blockchain-based system for welfare payments using a “gov coin“.

Cash is increasingly on the nose. Earlier this month, India’s government said it would ban 500 and 1000 rupee bills in the country’s biggest crackdown against corruption in decades. Consequently the Indian government and central bank are considering wider adoption of digital currencies to control government payments and increase the national tax take.(Which lends credence to my belief that Modi’s supposedly crazy scheme wasnt due to domestic politics but part of a global war on cash )

Central banks are also exploring curtailing the use of cash to enable them to implement negative interest rates. This is a response to the “zero lower bound” problem, where paper currency effectively guarantees a zero nominal interest rate, acting as an interest rate floor. This issue is explored in detail in economist (((Kenneth Rogoff‘s ))) new book, The Curse of Cash. ENDQUOTE

Now lets move back 30 years to ab article in the Rothschild owned Economist

Ten years later the Economist had this article

http://www.economist.com/node/166471

iN 2007 the Talmudically controlled Council of Foreign Relations had this

Once digitized money takes root the national currency will be used a lot less People will touch see and feel these notes a lot less too Your salary will come directly to your bank ac Businessmen will keep less money at hand

People will lose touch and any sense of connection to the national currency Once that happens they wont care who controls its supply or where the notes are printed or who controls the interest rates

THE ROTHSCHILDS HAVE SPOKEN GET READY FOR ONE WORLD DIGITAL CURRENCY