Cryptocurrencies and possible role in the new financial system.

[DavidCJ]

Can Bitcoin Solve The Sovereign Debt Crisis?

The United States is facing a fiscal crisis of historic proportions. Could bitcoin fix it and usher in a new era of prosperity?

www.forbes.com

The president-to-be Donald Trump has been talking about the idea of using Bitcoin or other cryptocurrencies to deal with the debt. While there are various speculations, the above seems to actually make sense, and actually harmonize with the Gesara/Nesara idea as well.

Short summary:
1. Engineer a currency devaluation through endless printing, while the rest of the world acquires USD debt under ultra low interest.
2. Encourage Bitcoin and other cryptocurrency adoption, while announcing the Strategic Bitcoin(insert other crypto names here) Reserve.
3. Raise interest rates to destabilize the current fiat currency system.
4. The other countries scramble to buy crypto, pushing the price of Bitcoin up, while fiat currencies hyperinflate and fade into irrelevancy as the money gets pulled from fiat and through historic printing.
5. The "$35 trillion debt" now becomes minute in comparison, allowing for relatively easy payment using crypto.

It also talks about being initially against cryptocurrencies to artificially keep the price down while the people in the know and the elites who print money acquire assets which are not affected by depreciation in fiat currencies, and then suddenly flipping 180 degrees and endorsing it, up front and center. #3 seems to match with the Federal Reserve announcing there will only be two rate cuts next year as opposed to more as expected.

I will also tell you that there are other cryptocurrencies that are said to play a HUGE impact in the new financial system. The puzzle pieces all seem to be ready.
-XRP by Ripple for institutions and cross border payments.
-XLM for peer-to-peer and individuals. Calls it "banking the unbanked".
-There is a new and upcoming ISO20022 standard which is necessary to be complied to in order to be used in the new system, which will complement, and even replace the current SWIFT system. Six total crypto including the ones mentioned above is included as part of meeting the ISO20022 standard.

They are talking about how internet has affected majority of our lives but has not really done much in one area, and that is in the area of finance. They are talking about "Finternet" to give you an idea of the absolutely ginormous magnitude of impact it's going to have on society.

 

[Carl]

Can Bitcoin Solve The Sovereign Debt Crisis?

The United States is facing a fiscal crisis of historic proportions. Could bitcoin fix it and usher in a new era of prosperity?

www.forbes.com

The president-to-be Donald Trump has been talking about the idea of using Bitcoin or other cryptocurrencies to deal with the debt. While there are various speculations, the above seems to actually make sense, and actually harmonize with the Gesara/Nesara idea as well.

Short summary:
1. Engineer a currency devaluation through endless printing, while the rest of the world acquires USD debt under ultra low interest.
2. Encourage Bitcoin and other cryptocurrency adoption, while announcing the Strategic Bitcoin(insert other crypto names here) Reserve.
3. Raise interest rates to destabilize the current fiat currency system.
4. The other countries scramble to buy crypto, pushing the price of Bitcoin up, while fiat currencies hyperinflate and fade into irrelevancy as the money gets pulled from fiat and through historic printing.
5. The "$35 trillion debt" now becomes minute in comparison, allowing for relatively easy payment using crypto.

It also talks about being initially against cryptocurrencies to artificially keep the price down while the people in the know and the elites who print money acquire assets which are not affected by depreciation in fiat currencies, and then suddenly flipping 180 degrees and endorsing it, up front and center. #3 seems to match with the Federal Reserve announcing there will only be two rate cuts next year as opposed to more as expected.

I will also tell you that there are other cryptocurrencies that are said to play a HUGE impact in the new financial system. The puzzle pieces all seem to be ready.
-XRP by Ripple for institutions and cross border payments.
-XLM for peer-to-peer and individuals. Calls it "banking the unbanked".
-There is a new and upcoming ISO20022 standard which is necessary to be complied to in order to be used in the new system, which will complement, and even replace the current SWIFT system. Six total crypto including the ones mentioned above is included as part of meeting the ISO20022 standard.

They are talking about how internet has affected majority of our lives but has not really done much in one area, and that is in the area of finance. They are talking about "Finternet" to give you an idea of the absolutely ginormous magnitude of impact it's going to have on society.

I bought into XRP when it was $.50... it's $2.40 right now. I even have my boys in the game. I'll throw it all away if they're linked to the MOTB and using them means I have to take it. Meanwhile, I am enjoying the ride up.

My credit union just recently started allowing members the option to trade crypto, but with crazy high fees. I trade on a site called Kraken, and it's 20% of what my CU charges. XRP is going to be huge, due to its efficient/cheap way to transfer funds. It could explode this year.

 

[Watchman]

I would not trust crypto to be there. It can be wiped out or at least manipulated like any other bits and bytes that only exist in the digital world of 1s and 0s. However, I do expect the big central bank to set up some sort of digital system.But if there is one thing the globalists cannot tolerate, it is competition. So, I imagine they intend to wipe everyone out first, including Bitcoin and the plethora of other cryptocurrencies, and then implement their great reset.

 

[Bk Kevin]

I think it's more wiser to invest your money in rice and beans for the cupboard.

 

[Proverbs 14 v 15]

I think it's more wiser to invest your money in rice and beans for the cupboard.

For sure!!!

 

[Proverbs 14 v 15]

I think it's more wiser to invest your money in rice and beans for the cupboard.

I've been collecting other bits n pieces too to "trade" with, things like alcohol, women's hygiene products, water, wet wipes and soap for keeping clean, tinned meats and soups. I keep hearing people say how they're collecting gold and silver, but I really don't see it myself..

 

[Bk Kevin]

I've been collecting other bits n pieces too to "trade" with, things like alcohol, women's hygiene products, water, wet wipes and soap for keeping clean, tinned meats and soups. I keep hearing people say how they're collecting gold and silver, but I really don't see it myself..

If we're in a severe crisis where people have absolutely nothing and if you have silver and gold stockpiled and by chance they found out that you had precious metals I would say you're probably going to get murdered.

 

[Proverbs 14 v 15]

If we're in a severe crisis where people have absolutely nothing and if you have silver and gold stockpiled and by chance they found out that you had precious metals I would say you're probably going to get murdered.

Yeah but you can't eat it.. it's just shiny bits of metal, useful in this system ruled by man made money but meaningless in a starving world

 

[DavidCJ]

So, I initially added "pushing" to the part, because Trump represents the populist movement of the whole thing, and maybe the financial part could be included.

Here's another interesting thing. In this pump or the "bull" market, some have noted that the individuals have got in before the institutions, and this part is my speculation, but because the institutions and big boys may have bet on Harris winning.

I think it's more wiser to invest your money in rice and beans for the cupboard.

These are supposed to be coming real soon. I mean March 10 is the ISO20022 implementation, and by November it's supposed to go into full effect.

If the Forbes article happens, then we're going to see a titanic change even during early part of Trump administration. Nobody knows what it's going to happen exactly, but some were talking about these being a way to be able to provide or prepare for time of need. I know it's ridiculous. But nowadays I cannot discount anything.

 

[Truth_Seeker]

1 Corinthians 7:29-31
[29] But this I say, brothers, the time has been shortened, so that from now on those who have wives should be as though they had none; [30] and those who weep, as though they did not weep; and those who rejoice, as though they did not rejoice; and those who buy, as though they did not possess; [31] and those who use the world, as though they did not make full use of it; for the present form of this world is passing away.

If Jehovah's protection is not there no matter what preparations someone makes it will be useless. We must put all our faith in Him and Jesus in order to live "for the only spoils of this war" we get is life.

Revelation 2:10
[10] Do not fear what you are about to suffer. Behold, the devil is about to throw some of you into prison, so that you will be tested, and you will have tribulation for ten days. Be faithful until death, and I will give you the crown of life.

 

[Carl]

I would not trust crypto to be there. It can be wiped out or at least manipulated like any other bits and bytes that only exist in the digital world of 1s and 0s. However, I do expect the big central bank to set up some sort of digital system.But if there is one thing the globalists cannot tolerate, it is competition. So, I imagine they intend to wipe everyone out first, including Bitcoin and the plethora of other cryptocurrencies, and then implement their great reset.

I thought the same thing back when Bitcoin was $100. Ultimately, it will collapse, but so will all currency. In the meantime, "make hay while the sun shines" is my new motto. Since I no longer listen to the fear porn, I'm much happier and less anxious. I've been listening to the psalms these past few days... I wish I had done this earlier. If I become a XRP billionaire, I plan on helping Jehovah's people with it.

I think it's more wiser to invest your money in rice and beans for the cupboard.

I've been prepping and continue to do so... that won't change.


The one thing I tell Jehovah often is that I will throw it all away if He tells me to.

 

[Carl]

The moral of the story is... DON'T sell your Winter coat, since Jehovah may delay His day.

 

[Truth_Seeker]

I would not trust crypto to be there. It can be wiped out or at least manipulated like any other bits and bytes that only exist in the digital world of 1s and 0s. However, I do expect the big central bank to set up some sort of digital system.But if there is one thing the globalists cannot tolerate, it is competition. So, I imagine they intend to wipe everyone out first, including Bitcoin and the plethora of other cryptocurrencies, and then implement their great reset.

Very true. However, it can also be a stealth mode to restart globalisation. The first form through political and economic unions seem to have failed. However, money is the world wide religion. Everyone believes in money and people are not bothered about someone's nationality, race or gender when it comes to money. We know what is about to happen from the bible prophesy, but we do not know when exactly and in what way.

Maybe is just a way to familiarise people with a word wide digital currency.

 

[Proverbs 14 v 15]

1 Corinthians 7:29-31
[29] But this I say, brothers, the time has been shortened, so that from now on those who have wives should be as though they had none; [30] and those who weep, as though they did not weep; and those who rejoice, as though they did not rejoice; and those who buy, as though they did not possess; [31] and those who use the world, as though they did not make full use of it; for the present form of this world is passing away.

If Jehovah's protection is not there no matter what preparations someone makes it will be useless. We must put all our faith in Him and Jesus in order to live "for the only spoils of this war" we get is life.

Revelation 2:10
[10] Do not fear what you are about to suffer. Behold, the devil is about to throw some of you into prison, so that you will be tested, and you will have tribulation for ten days. Be faithful until death, and I will give you the crown of life.

That is so true. I'm totally prepared for all my preparations to have been for nowt, but I've always been a "just in case" person, I had 4 kids, what can I say??!!