State currency is a monopoly and central banks across the glob are cooperating like a cartel.
Who ever tried to upraise and resist it is not in power anymore.
This may be news to some of you who are trained in the financial system and know nothing about currency and what stand behind the power of the currency. But I believe that by now many have been waking up to realize that.
However this article is not about this. it is about the upcoming monetary events which are going to reshape the landscape of the greatest regime ever to exist , The credit providers as slave traders regime led by central banks and approved by our great democracies!
First of all it is very crucial to realize that credit have two original lawful owners.. The one who promised to create a value in the future and the one accepting the promise at the present.
The first one, that who give the promise, is the issuer of the credit and the second one, that who accept the promise is the one receiving the issued note of IOU. The note itself represent trust. but trust in what?
When a state issue notes do they place our trust in God? Well they call it God but in fact it is the federal reserve. and who is signing that note? not you not me not any of us in the union but rather a third party which took hold of all our individual potential promises and packaged it to the most fundamental financial product we call national currency.
So here is the rundown of upcoming events:
1. Some banks will unite to create a digital asset in order to optimize trade and security and get a competative edge by doing so (all ready happening http://mobile.reuters.com/article/idUSKCN10Z147 https://news.bitcoin.com/four-banks-create-new-digital-currency/) These asset created only for internal use at this point.
*Note : Four big banks from different countries. So what about the other banks?
2. Other banks, some maybe even from these same countries, will have to come together to create a competing asset to catch up and be just as officiant as these first four.
*Note: Regulators may have the power to try and enforce the same asset all across. However they will not be able to justify the cross-nations liability issues. Regulator can function only on a national level not international.
3. The cryptocurrency alliance between these cross nation banks will create a competing asset to the national currency. An asset to be traded by the biggest trusted entity of our civilization , the banks themselves
"Note: May not be traded directly , as of yet to comply with regulations.
4. These asset created by the different bank alliances will be the new gees laying golden financial products eggs based on these assets. These will be name smart contract and it is those smart contracts which will be traded on the market first
*Note: The original intention of the banks created that first digital asset is going to morph into a very competitive market for private bank assets based on these newly created crypto-assets.
5. Credit ..... Yes that is the final goal to be reached . Banks will issue credit using their asset and will let you buy your own debts using their newly created funds. This means that you will create the demand to their currency in the markets. (After all a credit which is denominated in a certain currency have to be payed back using that same currency. *what an alchemy magic right there!)
Note: You as the individual taking the new credit to restructuring your national currency based debts, will have the power to choose the best credit provider. and they are all going to be chasing you offering you better and better terms.
The last thing you need to understand is that:
Competing credit providers using competing currencies in a free market of currencies in which everyone can create a currency will make you the king of your power to create value, .the rightful owner of your own production power.
And the thing you don't need to understand but the bank really do, is that:
Abusing the privilege to create credit and weakening the currency community made up from these credit lenders, will immediately weakened the currency itself and the entity which issued it, the banks.
This is a great article. I have been banging on about this problem for over 12 months and my message is just getting through..!! Was happy to share this on Twitter at stephenpkendal. Stephen.
Thanks for the share !
yes many are slow to realize..... but its coming...
Ask some of the most important bankers they will have no clue what I am talking about, not event their blcokchain experts . most of them do not realize the potential of what they are about to create.
Some still think that there is such a thing as blockchain without a coin. this is because they dont even understand what a coin is (secure message unit of of accounting)
I totally agree. The bankers I talk to are totally clueless about BLOCKCHAIN. They relate it to Bitcoin and see it as just "a coin". It's the Technology that has given Bitcoin's growth in value not the Bitcoin itself. Bitcoin is merely a BRAND of the Technology. The power of BLOCKCHAIN is truly awesome and most bankers are blind to it. Have shared your reply on Twitter hope you don't mind. Thanks for the support. Stephen.
This borders on propaganda.
propaganda for what? Money? :)