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Is this Rothschilds led prediction from 30 years ago for a new world currency about to rock global markets in ? Quite a mind boggling prediction 30 years ago, especially since looks like a year when a major currency upheaval bitcoin new global currency announced take place…. Egon von Greyerz continues: Was bitcoin new global currency announced a plan which has been in the making for a very long time?
Or is it sheer fluke that a major currency event might take place in bitcoin new global currency announced year that the Economist predicted? So what could be the events that will lead to a major disruption in currency markets and in the world economy in ?
It is only a question of when it will take place. The dollar does not qualify as the rock of the world currency system. But also against most currencies, the dollar has lost greatly. The dollar is backed by massive debts and deficits. The US has not had a real budget surplus since and has been running Trade deficits since The dollar is backed by nothing but debts and a strong military. It is living on borrowed time. Since most of the world bought oil from Saudi Arabia at that time, it led to a major demand for dollars, which is still the case today.
That was the beginning of the Petrodollar which has enabled the US to live above its means for 44 years. But from the Petrodollar will gradually be replaced by the Petroyuan and also the Petroruble. Except for further military intervention in the Middle East, the US now has little chance of stopping this major strike bitcoin new global currency announced the dollar. The US is currently virtually self-sufficient in oil production and is no longer a major trading partner of Saudi Arabia.
Inwe have seen a mania in cryptos of massive proportions. How can anyone believe that the world can function with a payment system that has 1, currencies which is continuing to grow exponentially with a new ICO Initial Coin Offering virtually every day. Cryptos in their present form will never be accepted as currencies. Bitcoin is up 20X in But Bitcoin is not a currency.
Also, it could never be used as a payment system due to the very slow speed of transaction. Bitcoin and other cryptos are just an electronic form of tulip bulbs. Like the tulip bulbs, the Bitcoin bubble can get bigger although the Bitcoin mania is now bigger than Tulipomania as the chart Indicates. It is possible that Bitcoin was constructed by a government in order to experiment with how a cryptocurrency would work.
Or it could be as Catherine Austin-Fitts believes that governments are closely watching the crypto mania and letting private enterprise develop the market before they step in and ban all cryptos in order to install their own.
I would not be surprised to see the US government introducing a Cryptodollar in or later to replace the current dollar which they know will soon collapse. All existing debt would remain in the Old Dollar. The US government would then encourage and assist a fast appreciation of the Cryptodollar, just like Bitcoin.
Obviously, bitcoin new global currency announced scheme would not work but for a while a euphoric crypto world might buy it, hook line and sinker.
China would lose massively on their US Treasury holdings. This would drive these two countries to introduce some form of gold backing of their currencies or payment system.
This would drive up the price of gold and silver into a mania that the world has not seen before. Or will it be gold backed trading in Yuan and Ruble? But what we do bitcoin new global currency announced is that is likely to contain many surprises on the currency front with massive volatility not only in currencies but also in most other markets.
What we also know is that although cryptos can go a lot higher before they collapse, they offer no protection for investors seeking wealth preservation. Greed is one of the 7 deadly sins and it always punishes mania investors. Gold will continue to be the only currency to survive in history just as it has for almost 5, years.
This material may not be bitcoin new global currency announced, broadcast, rewritten, or bitcoin new global currency announced. However, linking directly to the articles is permitted and encouraged. Sponsored Egon von Greyerz continues: King World News View all posts.
