Title: Part 4 - The Transition to a New Financial System Has Begun - 2008 Was Just a Warning Source:
[None] URL Source:https://www.youtube.com/watch?v=uo3F8GYVIPE Published:Dec 28, 2017 Author:Staff Post Date:2017-12-28 17:51:48 by Horse Keywords:None Views:57 Comments:8
I think she's knowledgeable about a lot of financial issues, but she's not very knowledgeable of computers. She comes off -- to me -- a bit overly conspiratorial in implying that bitcoin is, at minimum, playing into the hands of the establishment, or at maximum, is being actively but covertly promoted by the establishment. It's clear to me that banks do not and never will like uncontrolled currency. Bitcoin and cryptocurrency does, I think, pose the greatest threat the traditional banking system has ever seen.
While it's certainly very possible governments will crypto-ize fiats like the USD and Euro, unless and until they can quash bitcoin AND other freelance cryptos coming up, it's just as likely that governments cryptoizing the USD will serve the opposite purpose of, in the minds of the public, emotionally legitimizing the freelance cryptos by implicitly certifying to the world that cryptocurrency can be a functional foundation for major economies.
Gold and silver are good and always will be. It will never be a bad time to have gold and silver.
She did say that we are witnessing history in action with regard to cryptocurrency. I do absolutely agree with that.
But it may not be bitcoin. The blockchain tech was a technological breakthrough, but it has serious drawbacks which subsequent developments greatly improve on. I expect in time bitcoin will be surpassed by one of the newer & younger cryptos.
She was very clear as was Catherine Austin Fitts. The latter said they need a little time to perfect cryptocurrencies. Hashgraph and/or Hyperledger will replace the block chain. And they will digitize commodities to get people to use them. Venezuela is digitizing oil. China can digitize gold. Peru and Mexico could digitize silver. Bitcoin will never become money because it is not widely held and its cost will bar entry. The Banks want to issue their own cryptos. South Korea and Japan use their own crypto to finance trade at a lower cost. The point is that the Dollar will die very soon. They want to replace it with a digital currency so they can track every move you make. No cash allowed. Besides, it is not a conspiracy of nutters is all she quotes is taken from the IMF, the FED and financiers.