Note: All comments in my videos are strictly my opinion.[cryptothanks]
Body Language – IMF’s Christine Lagarde Cryptocurrencies Shaking The System
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Someone was very uncomfortable about crypto currency. Likely because it has potential to shake up the banking cartel.
Been reading through the comments & have to add my sense to it. Even though it’s gonna sound conspitorial and bossy:
– Bitcoin is a quasi CIA asset that is meant to get humanity used to digitalized cashless transactions by starting a fake grassroots anti-central-bank movement.
– The fairy tale of it’s unknwon inventor Satoshi Nakamoto is only the tip of the iceberg. There are declassified papers out there, dating back to the early 90s, discussing on how to pull this of.
– Bitcoin is not anonym, if you have someone elses address you can check their balance on blockchain.info.
– If you have the transaction hash, you can see which amount was sent between which addresses.
– There are already tools available (by google) to analyse the blockchain (and it’s transactions & their IP’s).
– She states that there are already official implementations of blockchain tech in the real banking world (‘tips’).
– However, there are real Anonymity coins out there like Monero. These are most likley the ones the IMF is not fond of.
– The IMF is run by the Knights of Malta, like every Central Bank on this globe is run by the House of Rothchilds.
– The CIA and the Knights of Malta are two different arms of the same global power.
– Therefore, Christine Lagarde doesn’t have an issue with Bitcoin but with other coins that could actually threaten their system (of financial control or how she puts it ‘shaking the system’).
– People don’t have to worry however because this old globalist system is being brought down right now.
– That is most likley why she feels unconfortable because Bitcoin is not bringing them fruther in implementing agenda 21 and actually brought up real anti-central-bank crypto coins (‘disrupters’). The ones she felt nervous about in the beginning of the video. Haha.
– Whether she is all aware of that noone can know. However, she, as somewhat of a spokesperson, will know what is beneficial for them and what is a threat.
– They are going down and are being nervous about. Loving it.
– It’s going to interesting how this is going to play out. Will Bitcoin keep it’s underground status or will it become an official means of paying or will it even die out at some point.
– Anyway, love these videos with people from the world of Banking & Politics. Thank you. Please more.
Hi Ian,
I subcribe to the fact that Bitcoin can be used as a medium term asset to go around the current quasi scamy central-bank-legislation or even to gain some passive income. However, it is important to point out that there isn’t just one project that can fix this financial monopoly at this point. It is crucial, in my opinion, that people don’t fall into trap of regarding Bitcoin as some sort of savior from the Banking world. Moreso, actually understand the twisted intention behind the Bitcoin/Crypto movement. This is that type of understanding which makes people truly independent and therefore is self-impowering.
TF
Lol @ the cross your arms moment…..
The IMF are just trying to figure out how to control crypto currency.
That line about stability may as well be about control.
It is like the barter system and swapping of high value goods in a barter, some countries actually have laws to make you pay goods and services taxes on those barters and will audit your home and contents . So long as they have control and can tax it or take it from you under some government law then they are ok with that.
Anything that makes globalists uncomfortable is great in my book, but I think I will stick with what I know like gold, guns, ammo and whiskey as time honored stores of value.
I would say what they can’t tax, they fear.
I always think of the film ” The Money Masters ” by Bill Still in 1996 when I see and hear these “big know-alls” from the vested interest banks and central banks. I so look forward to the day that BTC takes them down and the masses realise how their wages are destroyed by fiat currency and printing of fiat money therein. I am sure Lagarde and her friends do not like BTC because it means the more it takes hold,the less secure is their position and that people are realising that the current financial system is a total scam to enrich banks and preserve their cosy and comfy oligopoly. It will be good riddance to the lot of them. Since Biblical times banksters have been a scourge on ordinary people.
Thank you Mandy.
While I agree with you, I still have one problem with this. Yes, we have fiat currency but, what exactly is backing up the crypto currency to give it actual value? Not trying to argue. I honestly don’t understand the whole thing yet.
Hi Nonna,
Thank you for your message. Yes Bitcoin is only recorded on line but because it is triple entry accounting, which has never been achievable before computers because it was too complicated to use however now with the advent of the internet and computers people can hold and retain their own (electronic) coins.In the case of Bitcoin there will never be more than 21 million of them so as the mining of them reduces the remaining amount,the value of each coin will increase because of scarcity (like gold) however because it is triple entry accounting Governments can not get into it and flood the market or shrink the market to suit their needs. Bitcoin is therefore deflationary and prices next year should be the same or lower and the value of your wages in BTC will be at least as good next year as they are this year and onward so helping people to retain their wealth and obviate the need for fiat currency ( these parameters terrify Governments and Banks ; a world where people are no longer subservient to the scams and games that they play need I mention 2008 ? In addition because ones money has value year to year the need for voracious capitalism and the never ending demanding for profits at any cost,that is destroying our world,will be obviated and hugely reduced.
The biggest drawback of BTC is that it is slow to access and can be upto a couple of hours. Remember todays Banks and Governments can seize your money at the drop of a hat eg Cyprus a few years ago.
I really suggest you watch Bill Stills’ film ” The Money Masters ” on You Tube (about 3 hours long and mainly American centric) to understand the scam that all Central Banks operate.
Thanks for your question from,
IAN.
Thank you so much, IAN, for taking the time to explain it to me! Now I can finally understand what the attraction to BTC is. The only reservation I still have about it is that there seems to be nothing backing up that currency, like gold or silver. I know the Central Banks are evil and dangerous (just ask the Libyan people) and the sooner the Fed is audited and gotten rid of, the better. (Silly me… I know the congress critters are much too busy taking down our duly elected president than to actually do their damn job.)
The ‘Value’ of anything in this world originates from within peoples minds. i.e. Something has transactional value if people agree something has value.
The more people that agree something has value typically makes that ‘something’ more valuable.
The majority of Golds ‘value’ in peoples mind derives from it’s use as money, not as an industrial metal etc.
The main reason Gold is attractive as a function of money, is because it’s supply is limited and thus scarce, this is in contrast to fiat money that can be printed to oblivion and requires for people to have trust that a central bank won’t do just that.
People who invest in Gold can be confident the supply of ‘new’ gold entering the system will only be around 1.5% per year. i.e. it’s inflation is 1.5%
Bitcoin on the other hand is mathematically scarce, and it’s scarcity increases over time. Every 4 years mining production halves until the maximum number of bitcoins have been mined. At which point it’s inflation rate will be 0% and therefore more scarce than Gold.
Bitcoin doesn’t need anything to back it. It backs itself with trust in a similar manner Gold does. Perhaps one day we’l see fiat (government crypto) backed by Bitcoin, like paper receipts (Dollars, Pounds) use to be backed by Gold.
Bitcoins Achilles heel however is also similar to that of Gold. Gold was cumbersome to carry around, and people preferred to carry paper instead.. which paved the way for fiat money.
Bitcoin is ‘currently’ cumbersome relative to it’s cryptocurrency competition, as it’s slower and more expensive to transact wit. With that being said Bitcoin is far more practical to transact with and store than Gold (no need for safes and vaults etc.).
You should also consider Bitcoins protocol (software) can also be ‘potentially’ upgraded to increase it’s performance and it’s competitiveness as the network of people transacting with Bitcoin increases.
https://www.youtube.com/watch?v=q8R71WGO3qU&t=
Thanks Mr. No Name for your video reference 🙂 🙂 🙂 ,
I have just watched Erik Voorhees argument and he is very good and it’s a delight to hear. Very concise and puts the case really well. I don’t need to hear the counter arguments ( I probably will listen later on .) I haven’t got time today.
Kind regards from,
Ian.
I have now listened and it seems to me that the biggest threat to a free monetary system is government however unless the internet is shut down worldwide BTC is will continue because all commerce now needs the internet and countries will collapse without it…the governments are in a bind they cannot escape..just look what happens when banks have computer glitches for a day or two …it is absolute chaos for their customers and beyond so the internet cannot be closed down for more than a day or two in a modern society…BTC will still be there.
As well as Bitcoin has it’s own Satellites broadcasting from space, and the fact you can transact in bitcoin over radio waves.
https://cointelegraph.com/news/blockstream-launches-5th-satellite-streaming-bitcoin-blockchain-from-space
https://www.coindesk.com/bitcoin-coders-send-international-lightning-payment-over-ham-radio
Cryptocurrency cannot be controlled, even established players are retrofitting their protocols with privacy and security enhancements so that the currency has maximum use but cannot be traced.
Bit coin and the others are NOT part of the Banking system. This will not stand with them. The banks will take control of them, “regulate them” as she states. Bitcoin now operates outside it as do most of new guys. It is only recently that big banks and brokerage are considering setting up their won systems.
The central bankers are scared to death of them. However I personally think you’re silly to put your faith in a system that requires: electricity and lots of it to run all the servers (most in China) for the bitcoin and other wannabes.LOts of power at foreign locations to communicate to access your bitcoins etc. . Along with the absolute control they have giving you access even if you have power and a working computer, tablet, phone to access. Bitcoin and other electronic money consist of people using them as an investment to make money, not store money. And as a way to make payments and transfers under the govt radars. Which in itself is not bad per se. However it is a way to move and store lots of illegal funds.
Bad ju ju bawanna bad ju ju. Electronic currency is a one way ticket and not round trip. They control it, not you, and many things can stop all those servers (according to Dr. Pieczenik) are in China.
The young reporters enthusiasm for electrons as currency is over the top and I think at first Legard is amused by her enthusiasm in asking the questions. Very unprofessional and biased reporter, as per the norm now.
If the internet were switched off for ten years and then switched back on again your BTCs would still be there. BTC is the only real cryptocurrency all the others have varying weaknesses because they are just inferior in design and forethought and design which just like the Banks have been designed to make someone a huge profit. Just stick with BTC and accept that it is a bit cumbersome.
see Bill Still’s film The Money Masters.