While doing my normal surfing on the internet I ran across an intresting and distributing article by Zero Hedge that references an article written inthe Economist in 1988.
To put this in context I don't think this was much of a prophecy as there has been a lot of talk about a one world currency for a long time. What got me was the imagery around this image and what is going on in the crypto space as we enter 2018 in a couple of months.
The Phoenix is an old symbol of rebirth, the cover shows money burning and the coin around the Phoenix's neck with the year 2018. There were some events that happened around this time that would cause this type of article to be written so it's not like this guy was clairvoyant or even privy to some clandestine information.
Monday, October 19, 1987
This is referred to as Black Monday when the casino knows as the stock market had a huge correction.
The Dow Jones Industrial Average (DJIA) fell exactly 508 points to 1,738.74 (22.61%)
wikipedia
This article was written in January 9, 1988 so they had time to analyze what problems led to the crash and what would have to happen to keep it from happening again. Apparently we didn't learn our lesson and a similar event happened in 2008. Most people accredit the housing crisis to what gave birth to Bitcoin.
Article Overview
Most of the ideas in the article are on point some no so much. I think that no one in the 1988 financial sector would have any forethought into the what the internet has become now. The article represents this world currency as the "Phoenix Zone".
The biggest change in the world economy since the early 1970’s is that flows of money have replaced trade in goods as the force that drives exchange rates.
I feel that this was an obvious assessment. The value of economies is based more on the flow of money than the goods they produce. This is one of the reason that so many nations in Africa are poor even though they have an abundant amount of natural resources. They give up useable resources for fiat paper.
In all these ways national economic boundaries are slowly dissolving. As the trend continues, the appeal of a currency union across at least the main industrial countries will seem irresistible to everybody except foreign-exchange traders and governments. In the phoenix zone, economic adjustment to shifts in relative prices would happen smoothly and automatically, rather as it does today between different regions within large economies
This is a pretty good description of cryptocurrencies which is why governments are having such a hard time with them.
The phoenix zone would impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new central bank, descended perhaps from the IMF.
Well there is no central authority Bitcoin but it does have a fixed supply. I guess they were 50/50 on this.
As the next century approaches, the natural forces that are pushing the world towards economic integration will offer governments a broad choice. They can go with the flow, or they can build barricades
This pretty much shows the state of where the people vs the governments are right about now. Some are embracing it some are not.
Final Thoughts
The government and IRS are trying to treating crypto more like stock investments which is not accurate. Imaging visiting a country and getting the local currency to enjoy your vacation. Would it seem reasonable to keep track of the exchange rate that you got the local currency at? Then for every souvenir and dinner you buy to keep track of the exchange rate so you can pay taxes on it? This is a perfect example of archaic thinking!!!
Since the government is so backwards we have no choice but to conform to keep the mob squad off our backs. I think that in the coming years if/when the dollar crashes they will have to reconsider their stances. Either be at the forefront or get left behind.
This article written 30 years ago shows that bitcoin has been in the making for a very long time. The idea of freedom from central authorities is not a new one. People are losing faith in fiat and letting math/encryption decided what has value not men in suits.
Get Your Steemit Merchandise and Try out CryptoPing
Remember the late 90s when the idea of a crypto currency network was born but the internet was not ready to handle such traffic. Now, it is ready.
Very interesting addition. Thanks for sharing. Every day we are closer to mass adoption, with companies like MetalPay: https://steemit.com/cryptocurrency/@gold84/metalpay-close-to-achieve-mass-adoption-has-the-potential-to-go-10x-20x-in-1-to-2-years , and TenX, in which people are already buying in McDonalds and other stores: (https://steemit.com/cryptocurrency/@gold84/video-of-buying-mcdonalds-with-tenx-card-this-is-starting-to-go-mainstream)
One could say this has already happened, it's just that people haven't realized that the the dollar is going down the drain. Take a look at the value of the dollar in the last 100 years:
I have been telling this to people who say that bitcoin doesn't have an intrinsic value. Once we got off the gold standard it has been down hill for the dollar and it seems that is it by design. To count to 1 trillion takes over 31,000 years and we are 20 trillion in debt. No amount of budget cutting is going to help us pay that back. To who is another story but the world debt is in the 100's of trillions!!!
Yes agree 100%
Also sad that the whole generations are being told that "debt is good" "to live on credit cards is ok".
its was government mistake currency get lower and lower
muy interesante
Great post, I did a similar one a few weeks ago to help get this message in front of more people.
Rewind 30 Years: 1988 Rothschild Owned Magazine "The Economist" Predict The Destruction Of National Currencies And Their Transition To A World Currency In 2018
https://steemit.com/conspiracy/@budz82/rewind-30-years-1988-rothschild-owned-magazine-the-economist-predict-the-destruction-of-national-currencies-and-their-transition
With that being said, did you see the new Ethereum Classic logo? It might remind you of something...
Next year should be interesting to say the least...
Is that really their logo... You know Barry Silbert pushing ETC big time. Makes me wonder. I'm gonna check out your article!!!
Yes, it's there new logo they released less then a month ago.
Ethereum ClassicVerified account @eth_classic Aug 7
Introducing $ETC's Phoenix Logo
Ethereum ClassicVerified account @eth_classic 52m52 minutes ago
Check out the Phoenix mascot redesign mockups on Medium. https://buff.ly/2vMYMMj
$ETC #ethereumclassic #blockchain #Crypto
I found it interesting since people have said that ETC is dead, and then randomly out of nowhere just before 2018 they come out with a re-branding campaign which is centered around the imagery of the Phoenix (a mythical bird which rises from the dead). If we see ETC "rise from the ashes" in the coming months, be very hesitant to trust it, as it could very well be the base that the NWO world currency builds upon.
The New Ethereum Classic (ETC) "Phoenix" Re-branding Reminds Me A Lot Of The 1988 Economist Magazine Cover "Get Ready For The Phoenix" Which Predicted A New World Reserve Currency In 2018 In The Form Of A "Phoenix"
https://steemit.com/cryptocurrency/@budz82/the-new-ethereum-classic-etc-phoenix-rebranding-remines-me-a-lot-of-the-1988-economist-magazine-cover-get-ready-for-the-phoenix
Yeah.... nice correlation there.... they leave things out in the open for all to see... weird.
It's part of their weird esoteric code to announce their agenda in the open in subtle ways before they go through with it. In their sick minds, showing what they are going to do in the open before they do it shows that the public consent to their actions and therefor deserve the outcome. It's weird that they seemingly have no morals but still follow a very strict code of ethics, but this is something that they have been following since the days of Alister Crowley and his creation of "the law of Thelema" which many of these people follow as the gospel.
As a bit of added context, 9/11 is a perfect example of this sacred technique of subtle consent.
9/11 Predictive Programming Found In Multiple Areas Of Popular Culture Leading Up To The September 11 Attacks
https://steemit.com/conspiracy/@budz82/9-11-predictive-programming-found-in-multiple-areas-of-popular-culture-leading-up-to-the-september-11-attacks
haha you are right man government is going in wrong way no one can do anything about it
Interesting read , the one world currency is all ready in place its called the SDR standard drawing rights they have been planing this for a long time. I would imagine that when the petro dollar finally fails they will begin to roll it out, cheers mike
Correct Mike, the SDR is the IMF's doing. This past year saw the inclusion of the Chinese yuan in the SDR, showing just how influential China is.
I suspect that the digital ledger tech supporting today's cryptos will be implemented by central banks/national governments and backed by the SDR in the not too distant future. They will likely enact this one world currency after a sovereign debt crisis, bond market collapse, or equity sell off. This will leave them with the ability to keep their system running should fiat lose its luster.
That is not to say that today's crypto cannot continue its price surge in the coming year. I am positioning for a "melt up" in cryptocurrencies. However, once the business cycle takes a turn (and more importantly, global debts come due & central banks are illiquid) who knows what will happen. Historically, the most speculative assets sell off the hardest during any contractionary event, and it's pretty clear that speculative money is flooding into crypto. So it stands to reason crypto will be correlated to the overall market should a major recession occur (however, I go back and forth on this correlation).
Longer term, it seems inevitable that the IMF and central banks will collude to make sure their portion of the pie stays fully intact, if not larger due to the complete transparency crypto offers. This is just my two cents, folks. The more people learn about these things (rather than just looking to get rich) the better chance crypto has of improving the system.
Thank you very much for a fantastic reply, you could of done a full post with that, cheers mike
I second @mikenevittt comment that was really through. I do think that crypto is a hedge against uncertainty. If things start getting better in the world then there is no reason for people to fear and take their money out of the system.
@alao and @mikenevitt it is all about spreading the correct information these days my friends. It's a rather nuanced topic to cover, but I plan on structuring my thoughts into a post in the near future. Would be happy to have you gents follow along and keep the discussion going! Best
Interesting... I never heard of Standard Drawing Rights. Looks like I'm going to be doing some googling today. Thanks for the insight!!!
Yes it belongs to the IMF I believe, cheers for your reply mate
Why have one global currency? We already have several hundred, it maintains resliliency and allows features to come out.
You're right but the power at be want control and if you have one currency you can manipulate the hell out of it!!!
absolutely
Thank you for the interesting read @alao. Since you have mentioned Africa and its struggle, there is a very interesting talk..almost nationalistic (but smartly put) by Mallence Bart Williams titled 'Africa exploitation by the west'. A month ago i had the chance to visit the first school of France conceptualized for training the Heads appointed to the colonies back then. They had to cover lots of artwork as murals and statues because nowadays they are found offensive to this population. I believe their system and goverment has been ruled for a long time by those who did not care enough to exploit the local context with a positive attitude. By now, it seems impossible and even luxury, to choose between fiat and proper use of goods .. at least in that part of the world where basics are an everyday struggle.
Yea over there the common people are struggling day to day while thoses in power are putting them in debit and fleecing the IMF and any other "aid" that they get from forgien counties. It's a sad situation all around.
So.. with this in mind... was Bitcoin created by Nakamoto... or was that just a fictional character used to cover up the real designers? I have to say at this point I'm leaning on believing the latter. The Economist has been noted for predicting things a little too correctly in the past and this to me is a clear indication that Bitcoin has been designed as a world currency... for good or for bad. My fear is we could all be contributing to a ruse. When we are all firmly locked in... they devalue it and then we are left to scramble into our little slots and conform to whatever value the PTB decide on. BTW.... I hope I'm wrong.
They say, they cought Nakamoto :D LOL,
This is another "balloooney" made by gov, to scaremonger people. And to shake the evolution of cryptocurrencies. But the train is already moving at a crazy pace..... Projects are being released as we speak. Also some countries are looking into early adoption of cryptos. Uncle Sam, is loosing his power (or already lost ages ago... to Chinese Dragon?)
As of late I have been leaning towards to latter... The story of Nakamoto seems to good to be true. He did stop talking with anderson when he gave his presentation to the CIA. I feel that crypto will either free us or enslave us to a new system. Also the "crashes" in Crypto have been shakeouts to get the faint of heart out of the system.
Can't disagree with that... only time will tell. I continue to buy in on the premise that it's better to have and hold then settle for what will shakeout.
governments and IRS-es of the world can they finally kiss our @ss-es?
A little premature. I'm not one to rock the boat. I'm not going to jail for not paying my protection money to the IRS!!!
yes you right little premature :(
If you think about it Bitcoin is not making that much of a difference as opposed to any will-be world currency...right now those countries with stronger currency get more BTC compare to counties with less valuable currencies...so at the end it's like SDR (except that it's supposedly under no one control, hopefully).
Yea compared to the GDP that most countries have BTC is a drop in the bucket. I would give it a couple of years!!
That's true!
Yes, I've been hearing about that article for quite some time now... I hadn't seen that phoenix-inspired logo related to Ethereum Classic, however; very strange indeed. Perhaps the SDR basket will soon include some cryptos and eventually bring all the national currencies and cryptos under one roof, so to speak.
I think it's the natural evolution. The ETC thing threw me off as well. I think Barry Silbert has and ETC ETF traded on the OTC penny market.
The dollar has basically been the de-facto "world currency" since Bretton Woods. It's been loosing this position and in any case it won't last too much longer. Bitcoin and cryptocurrency has changed the game and unfortunately for the State there is not much they can do about it.
Yea but they will keep on trying until they figure out a way to use it for their benefit
It might already be here. The SDR. Used by the banks.
https://www.imf.org/external/np/fin/data/rms_sdrv.aspx
Good point, I do think the SDR could be their endgame, and they could bring all (soon to be?) state-approved cryptos under its wings... while threatening to punish and/or imprison any "terrorists" who dare try to conduct commerce outside their system.
Interesting article! I personally believe that it is high time we moved onto the next global currency and leave the dollar which has only lost value as time has passed. It is time for the digital age to create a new concept on how we exchange value with each other! Crypto currencies are the answer and we need to make more people aware of these so that it can be adapted more quickly in our day to day life. The evidence is really overwelming and it shows that cryptocurrencies can get the job done and we do not need the government or the banks to tell us how to store value!
Crypto is a double edge sword. Imagine being issued not just a social security number but also a cryptocurrency address when you are born. It would be the ultimate slavery.
Rebirth of a currency !! now that will be interesting to see how it goes
I say leave them behind. They plan decades in advance, I enjoy it when things don't go according to their plans.
This might be part of "their" plan. It's hard to say. Bitcoin has definitely left the grassroots stage and is having hedge fund money pouring in!!!
Thx for sharing this. Very interesting.
right buddy the policy of government is not good now a days the currency is getting lower and lower and no one can do nothing about it it is a clear issue on currency you put a good topic in article i appreciate
Many have tried and many have failed. As a secondary coin the us dollar is closest to beeing the world coin.
Not for long...
i hope not but reality is that no westren goverment is curently thinking about making crypto a legal curency
There's actually a "PheonixCoin" with ticker PXC. I got some on Cryptopia.
Of course there would be. I'm gonna check it out and see what the price is.
I used to be opposed to a global currency when I first started to read about the concept almost a decade ago. The only way I would support such a system is to have it completely self-regulating to a certain extent and as decentralized as possible. We have the technology to leave legacy money in the dustbin of history. It's only a matter of time.
Funny how people are putting their faith in math and encryption. I think it will be the start of a global AI/Computer.
Congratulations @alao! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPThank you for sharing, I loved your post, I hope you follow me back, so new here.
Good Read! Keep sharing..
it's so strange that's why get so many upvote, I wish we could give a upvote.
I don't think I fully understand what you are saying...
This post received a 2% upvote from @randowhale thanks to @alao! For more information, click here!
You Are An Excellent Steemian. This post has received a 4.17 % upvote from @steemthat Return the favor and SteemThat Person Back: @alao.
.
Please Upvote This Comment To Help Me Grow!
Hello!!!
Welcome to steemit.com I am @palmidrummer . Steemit community has the power to change our life if we simply upvote and follow each other. I joined steemit for a cause of helping my students.
Please follow and upvote me ( @palmidrummer )and I will do the same for you.
Thankyou, and please chek me previous post.....
Did you even read my post?!?!? My account was created over a year ago how am I new...
a minute silence for all those who believe 1TBC =43BTC🤣🤣🤣
Whatcis 1TBC?
I think BTC going to 5000$, may be tomorrow?It great opportunity don't lose it, on bitmex you can trade bitcoin contract features a high leverage of up to 100x.Users who have signed up with my affiliate link will receive a 10% fee discount, -0.025% (Maker) 0.075% (Taker).
https://www.bitmex.com/register/HJfZyC
It simple, try it now!