One-world reserve currency inevitable and will enslave all nations?

[iamback]

Nope, but it would probably enslave Russia. Just look at what happened to the Ruble!

Incorrect! The one-world reserve currency will enslave all of the nations. Study my post #11 more carefully. You didn't comprehend it.


I suggest you relate that to "Confessions of an Economic Hitman" by John Perkins. And also relate that to the Asian crisis in 1998, which was caused by speculative international capital flows fleeing to Europe to take advantage of the ingress in investment that corresponded with the launch of the Euro.

Nations are inherently prone to short-term capital ingress and egress. Without their own central bank to inflate out of an egress crisis, they are enslaved by the unit-of-account which is imposed on them by investors.

The problem is fundamentally rooted in the ability of stored money to be a claim on future production. Instead when profitable production results from a diversity of knowledge innovations that are DIRECT (e.g. the customer uses your software, or they 3D print your design) and not just proxies diluted by mass production (e.g. factories make a million copies of your design), then stored money becomes incredibly difficult to invest. The more stored money you have, the faster it withers in relative value.

This is the paradigm shift coming on now due to the Knowledge Age.

In short, investing will become active instead of passive, and investing will be small and numerous (i.e. bottom-up) instead of large economy-of-scale fascism (i.e. top-down).

Sorry Armstrong! Storing capital in money instead of fine-grained (maximum division-of-labor) knowledge thus causing international capital flows that are the problem! That paradigm must be eliminated! We need capital flows to be instead actual finely-grained, bottom-up knowledge exchange, where capital becomes knowledge and not stored claims on future production.

Then there won't be any more nations, nor any one-world top-down slavery.

You say "no one will save and be productive"? Wrong! They will save up their knowledge gained by being productive instead of lazy! This is the paradigm shift of epic proportions and nearly no one sees it is happening.

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[iamback]

Spain can not escape austerity because they do not have their own currency to print to finance their bankrupt government!

And even if they did have their own currency floating against a one-world reserve currency, they would still be unable to escape austerity, because investors would punish them by fleeing to less bankrupted nations where they can buy debt denominated in the reserve currency unit-of-account.

If nations attempt to sell debt denominated in their national currencies (that float against the one-world reserve currency), they will find that they can only capture speculative ingress and they will suffer massive volatility and crisis on each egress, because remember international capital flows follow a herding pattern.

Don't forget the famous statement from a USA Treasury official to a Third World country official, "It is our dollar, but it is your problem".

http://armstrongeconomics.com/2015/03/12/spain-look-to-overthrow-austerity/

Spain Look to Overthrow Austerity The Spanish Podemos party believes it will end up with an absolute majority. Here too, the people are fed-up with austerity being shoved down their throat by Germany and the IMF, when they themselves are hardly the land of no debts. It looks like Spain will be the next and we see the same result rising in Italy and Portugal.

[iamback]

---------------------------- Original Message ----------------------------
Subject: Armstrong’s lame ass rebuttal is “names of the banksters” change
From:    iamback
Date:    Thu, March 12, 2015 12:05 pm
To:      "Armstrong Economics" <armstrongeconomics@gmail.com>
--------------------------------------------------------------------------

Armstrong’s lame ass rebuttal to this thread, does not address the allegation that the one world reserve currency will enslave the nations, because he knows damn well that I am correct.

Is Armstrong working for the global elite? Or did they brainwash or hypnotize him in prison? Why can't he refute or admit I am correct?

Instead he points out that the names of the global elite change. Whoop-dee-doo! So what   People die, others take over. Transfers of power occur. Nevertheless the global elite (a.k.a. banksters) remain there doing what they do.

http://armstrongeconomics.com/2015/03/12/the-ny-boys-are-the-modern-medici/

QUESTION: Mr Armstrong; Thank you for clearing up that persistent rumor that the Rothschilds are the culprit. That is sort of believing that the Medici are still running the Vatican and are the bankers who are in charge of the world. Why do people constantly create grand conspiracies when the truth is right before their eyes? I reread your Behind the Curtain writing. No wonder mainstream press will not write about your amazing track record.  The real conspiracy is to protect New York who are the new Medici and Rothschilds of the 21st Century. Correct?

Thank you so much for you courage. It has been inspiring.

Rob

ANSWER: Absolutely. It is like the stories of alien abduction. If the government has secret technology that gets exposed, the best way to cover it up is to exaggerate it and you suddenly convert a genuine sighting into a conspiracy theory. They have done the same with everything.

We use to publish forecasting on Bloomberg. Yet, I have been erased from their computer terminals based upon what so many who have reported. In the movie, there is a clip from Bloomberg TV. When they went to Bloomberg and asked for footage, they said there never was any. The movie producers had to find that privately and then went back to Bloomberg for permission to use it. They were shocked it existed. Reality is just not what people think. They went to the New York Times and others asking to be interviewed for the movie – they all declined. They went to the government and judges. They too all refused any comment. What is everyone protecting? It ain’t the Rothschilds and Medici.

You look for patterns. What does New York have in common with Rothschilds of the 19th century? They ensure governments were dependent upon them for loans. Just follow the money. The Rothschilds are not the Primary Dealers who sell US debt – that is the NY Boys. Look at the Medici. They installed people as Pope. Is there anything different from that strategy and buying elections today and installing key people at the head of central banks (Mario Draghi) or the head of US Treasury (Robert Rubin, Henry Paulson). Just follow the money and you will find history repeat because the PASSIONS of man never change. It’s just like a giant Shakespeare’s play acted out for centuries. The plot is always the same – only the actors change. Putting out grand conspiracy theories about the Bilderbergs and Rothschilds are cover-up for the NY boys. There is absolutely NO WAY Bloomberg or even the New York Times would report how successful our model has been. To do that opens the door to exposing my adversaries. So it is best to pretend I do not exist. That is standard operational procedure.

[iamback]

Three days before the 10 year anniversary of the attack on 9/11/2001, I referred to a debate I had with Noam Chomsky.

http://esr.ibiblio.org/?p=3689#comment-321944

The events leading out of feudalism appear to be attempts to free humanity from the slavery of unmotivated passive capital, whose power was sustained by the marriage of state and religion (which outlawed the “sin” of usury), by using debt to bypass and compete against hoarded private capital. I wrote previously that gold can’t be the only money, otherwise passive capital enslaves all the future innovation, because all profits are captured as a deflation relative to gold. Appears mankind has been oscillating between debasement blowback (Roman empire and now) and no debasement motivating capital hoarding (feudalism).

The fundamental problem is that in a material world, the transactional cost in The Theory of the Firm (thanks Winter), enables the corporate capital to accumulate faster than for those who produce the knowledge. However, I think we are entering a radical paradigm shift, where knowledge (the mind) becomes much more valuable than material production. Because industry can be automated (see the $1200 3D printer) but the knowledge isn’t static and can’t be automated. I refuted Kurzweil’s Singularity and debated Chomsky on Hume’s mitigated skepticism (the upshot is I argue that abstract math and infinity exist and are equivalent to the never ending universal trend to maximum entropy).

[Trenbolon]

I will share my thoughts on this one.

I don't see bitcoin becoming world currency, simply because bitcoin puts the responsibility IN YOUR HANDS.
Our world is lacking of consciousness, most people don't want to care or take responsibility for what they do. They take this zombie-like state "everything is gonna be fine. and if it's not fine it is SOMEONE ELSE FAULT not mine.".

And that in my point of view is what leads to all the major "problems" we face at this time.
"Go shopping, watch some TV, forget about it, take some drugs". That is the kind of idea that is not only fomented by many people at the top but mainly desired by many people at the bottom.

They don't want to think, they don't want to face the consequences, they don't want to choose. And if you don't take control of your life, someone will. Not by force but because that is what you are demanding.

So I see bitcoin as a currency that puts the responsibility on the person. Not the bank or anyone else. You take the risk of its fluctuation, you take the risk if you are robbed. There is no charge-back, no insurance, no nothing.

This zombie attitude is not good for anyone. If there is something to change and some way to make things better that is by expanding consciousness.

[pereira4]

Been saying it for a while... they have been looking at bitcoin and they are working in a bitcoin ripoff and will try to push it into them asses and make it mainstream, goverments will probably back it up since they will be all in. Of course all centralized, regulated and closed source like Bill Gates want it. These pigs want to distract the people from bitcoin by creating their own currency and move their fiat scam into the e-currency field and start all over again. This is why we need to reach critical mass of adoption with Bitcoin as soon as possible and go mainstream.

[coinits]

Been saying it for a while... they have been looking at bitcoin and they are working in a bitcoin ripoff and will try to push it into them asses and make it mainstream, goverments will probably back it up since they will be all in. Of course all centralized, regulated and closed source like Bill Gates want it. These pigs want to distract the people from bitcoin by creating their own currency and move their fiat scam into the e-currency field and start all over again. This is why we need to reach critical mass of adoption with Bitcoin as soon as possible and go mainstream.

Actually 1 particular billionaire has already done a front run on bitcoin and already controls the Bitcoin Foundation. I discovered this in October of 2014 and soon after the Bitcoin Foundation began scrubbing the article from the Internet. At the time I thought that they would be proud of their achievement but I guess my linking to it and hammering on it made them get rid of it. Google does not have a cache of it and the wayback machine does not work properly on all of the links but I found one that still works:

Original Link:

https://bitcoinfoundation.org/press-releases/press-release-october-7-2014-bitcoin-foundation-financial-standards-working-group-leads-the-way-for-mainstream-bitcoin-adoption-2/

Wayback Link:

https://web.archive.org/web/20141107172316/https://bitcoinfoundation.org/press-releases/press-release-october-7-2014-bitcoin-foundation-financial-standards-working-group-leads-the-way-for-mainstream-bitcoin-adoption-2/

Here is a direct quote to myself about their plan for bitcoin, revealing said billionaire, and you will know him.

Re: [ANN][BURST] Burst | Efficient HDD Mining | New version 1.1.3
October 11, 2014, 02:04:57 AM
   
Reply with quote Edit message Delete message  #13435
How do you think the massive changes coming to Bitcoin will affect alts? Especially BURST. I have not decided yet but when the billionaires move in you know shit just got real!

The Bitcoin Foundation, being led by a Sir Richard Branson front man, is going to change bitcoin. BTC symbol will be replaced with XBT. This will be, in effect, a 1:1000000 stock splt. 1 BTC will become 1 million XBT, which will be the new standard for bitcoin. The end game here is to take it mainstream. When Richard Branson is front running bitcoin and changing it, you soon see where the real power lies. The smart investor best be stocking up on BTC now because 1 XBT could easily be worth $1 within 10 years. This is a paradigm shift.

Read all of the juicy details now. This is historical and soon everyone will want some. XBT is about to be pushed down the path of a global digital currency accepted everywhere.

https://bitcoinfoundation.org/press-releases/press-release-october-7-2014-bitcoin-foundation-financial-standards-working-group-leads-the-way-for-mainstream-bitcoin-adoption-2/

I wonder if Satoshi = Sir Richard Branson? Hmmmmm? Interesting!

https://bitcointalk.org/index.php?topic=400235.msg9124067#msg9124067

[countryfree]

A singe currency is as feasible as world peace.
China, Russia, the UK, the US, North Korea or Japan will never accept a currency out of their direct control.

[coinits]

iamback is ignoring his own OP.

Must be catching up on his sleep.

[iamback]

A singe currency is as feasible as world peace.
China, Russia, the UK, the US, North Korea or Japan will never accept a currency out of their direct control.

Readers don't read, or lack reading comprehension.

Why don't you try again to read the thread. The national currencies will float against the reserve currency.

The coming global crisis will sink further and further into the abyss until the nations agree to a monetary reset and the only way they will ever agree is if that new monetary reserve unit is not controlled by the USA as it is now.

[iamback]

Seems many readers are confusing Bitcoin with this thread. Bitcoin can never become a reserve currency, because the $200+ trillion of global wealth is not going to be placed in a speculative investment. (Stop with your fantasies about scaling over time, you don't have a clue about reality)

Large capitalists are conservative. They want safety of capital firstmost, then a steady average ROI.

There will never exist such as a thing as a single crypto-currency that is decentralized. It can't exist. Bitcoin is not decentralized. True decentralization will only come from multiple competing currencies, thus of course these can never be the reserve currency.

My thesis is that the Knowledge Age (we are leaving the Industrial Age) reduces the demand for stored monetary capital and increases the demand for stored knowledge capital. The Industrial Age (which is moving towards 0 or negative profit margins in China) required large amounts of fixed capital investment, thus a high demand for stored monetary capital. The factory worker and factory engineer are economically insignificant compared to the NAV capital costs of the factory infrastructure.

Whereas the high profit margins are moving towards the knowledge production sector (software programming, marketing, etc). The Industrial Age is dying economically and along with it will die the demand for stored money. The larger the capital, the less effectively one will be able to invest it with a positve ROI.

Thus we don't need crypto-currency to be a reserve currency. Let the oligarchs (and the socialist sheeople/masses) have their reserve currency and enslaved nation-state governments. That is all part of the process of that paradigm dying.

The Knowledge Age will rise with competing crypto-currencies.

Bitcoin will not "winner take all". I guarantee you that.

[coinits]

Seems many readers are confusing Bitcoin with this thread. Bitcoin can never become a reserve currency, because the $200+ trillion of global wealth is not going to be placed in a speculative investment. (Stop with your fantasies about scaling over time, you don't have a clue about reality)

Large capitalists are conservative. They want safety of capital firstmost, then a steady average ROI.

There will never exist such as a thing as a single crypto-currency that is decentralized. It can't exist. Bitcoin is not decentralized. True decentralization will only come from multiple competing currencies, thus of course these can never be the reserve currency.

My thesis is that the Knowledge Age (we are leaving the Industrial Age) reduces the demand for stored monetary capital and increases the demand for stored knowledge capital. The Industrial Age (which is moving towards 0 or negative profit margins in China) required large amounts of fixed capital investment, thus a high demand for stored monetary capital. The factory worker and factory engineer are economically insignificant compared to the NAV capital costs of the factory infrastructure.

Whereas the high profit margins are moving towards the knowledge production sector (software programming, marketing, etc). The Industrial Age is dying economically and along with it will die the demand for stored money. The larger the capital, the less effectively one will be able to invest it with a positve ROI.

Thus we don't need crypto-currency to be a reserve currency. Let the oligarchs (and the socialist sheeople/masses) have their reserve currency and enslaved nation-state governments. That is all part of the process of that paradigm dying.

The Knowledge Age will rise with competing crypto-currencies.

Bitcoin will not "winner take all". I guarantee you that.

You will lose the bet.

Sir Richard is one of them. He is their poster boy. He has already front run the coin and I have shown you the hard evidence even though they scrubbed it. You accuse others of not reading yet you do the same. Bitcoin is their baby. Bitcoin was not created by one individual named Satoshi Nakamoto. Bitcoin was created by DARPA and I can prove it.

printed without permission but fuck em this is for the greater good:

Bitcoin Was Created By DARPA

There is no way to stop what is going to happen to bitcoin. It's an issue of sociology. It's an issue of human greed. It's an issue as to WHO created bitcoin and WHY.

Who is the single largest holder of BTC right now? "Satoshi". Who is he? I will say it again. NSA/DARPA created bitcoin under the guidance of the IMF. The IMF has been openly calling for a digital, one-world, deflationary currency for 2 decades. OPENLY. It has been discussed and promoted OPENLY at G8 and G20 summits.

from the early 90s-96 the NSA was OPENLY investigating cryptographic money networks.

http://groups.csail.mit.edu/mac/classes/6.805/articles/money/nsamint/nsamint.htm

One of their researchers and investigators is a man named Tatsuaki Okamoto. When they actively started writing the code they chose the pseudonym "Satoshi Nakamura" to ultimately promote the idea that Tatsuaki Okamoto to any and all who investigated the source of bitcoin long enough. But Tatsuaki Okamoto is just a cog. He's not some rogue savoir out to topple centralized banks. Not at all. He is a crypto scientist who was paid by government and intelligence agencies to do research.

Bitcoin is an NSA/DARPA lab set into the wild. Scientific technology grants issued by government and intelligence agencies are how these labs are funded and promoted. The regulation and control of bitcoin has been actively developed alongside the development of the network. In fact, the controls, policy and regulation are WAY WAY more mature than the bitcoin protocol itself. That's why we see things like Greenlist written into law without a mention of bitcoin until recently.

This is not tinfoil hattish. This is just reality. No one forced ANYONE to believe the Satoshi fairytale.. The libertarian Satoshi myth has been promoted in stealth to specifically promote ADOPTION and DEVELOPMENT. It's no different than the internet and WWW itself. EXACTLY the same. That is why you see many www early adopters saying bitcoin "feels" the same as the early internet. I am one of those people.

In 94-96 the public internet was ALL about freedom of information. FREE COMMUNICATION. It was ALL about liberty and freedom. I wish i could transport some of you back in time so you could see for yourselves. The promise of free phone calls with the free world dialup, free media with IUMA and the MBONE. All this freedom and liberty had people pouring their heart and soul into developing it. Now look at it. Facebook, Google.. it is a GIANT SURVEILLANCE grid. And if you look for and read DARPA/NSA docs from the 80s and early 90s that was what it was always meant to be. I am not discounting all the socially great things that happen online.. But from the perspective of DARPA/NSA and control freaks.. it was created for the express purpose of control. A military purpose. A strategic purpose.

What is bitcoin? Bitcoin IS the one world digital currency. We all have a deterministic UUID that has been generated from our biometric data. This UUID will be related to all your datastores. This UUID is your mark. This UUID is what is used to buy and sell online and in the real world. This UUID is the primary key in your Greenlist identity.

Coinbase, blockchain.info and it would appear Coinsetter are inline to be the first to roll out the incoming policy and regulation. This policy and regulation is WORLD WIDE. It is CORPORATE. It is not about governments. Governments ADOPT corporate organized policies. If you think this is new than you need to investigate ACH and NACHA.

https://www.nacha.org/aboutus

http://www.slideshare.net/Earthport/nacha-payments-2013-complementary-paths-to-global-ach-earthport-federal-reserve-financial-services-hsbc

Bitcoin is THEIR network. And for the minority early adopters that is going to be a hard pill to swallow.. But for those in the know.. Like Gavin, it's PAYDAY. Realization and monetization of their massive bitcoin holdings is being guaranteed by regulators. That is why they are all literally RUSHING to regulate.

Legitimization of bitcoin is all about hosted wallets. The centralization of bitcoin. Hosted wallet providers approve/dissaprove transactions before they are actually issued on the network. Greenlist enabled wallets will be the fastest. (offline transactions). Greenlist enabled wallets will be hooked directly to your bank account, ease of buying and selling. Greenlist enabled exchanges will have the largest market with the best prices. Greenlist enabled wallets will completely eliminate risk of stolen coins. No more security worries AT ALL. And this is what the masses have come to expect. And this is why it's going to happen. And Greenlisted wallets will be accepted everywhere. And in the physical world you will identify yourself and your wallet with your biometrics.

https://bitcointalk.org/index.php?topic=173715.0

TL;DR bitcoin is a global digital currency, regulation was created in tandem with development and adoption, bitcoin is not and never was meant to be a liberty promoting value exchange. There is no "satoshi". The central banks are already the largest holders of bitcoin. Bitcoin IS going to the moon because of this.

So there you have it. Quit denying what is right in front of you. I have shown how they are going to denote it and it will be worth trillions, perhaps more.

You can not stop it. It is coming full steam ahead. I am out to grab as much as I can and just before they reel it all in I will tune out and disappear into the hills.

[iamback]

coinits, calm down you are preaching to the choir. You perhaps don't realize I wrote the syndicated essay Bitcoin : The Digital Kill Switch. I am the one who has been writing that Bitcoin is owned by TPTB.

In spite of the arguable fact that Bitcoin is controlled by the global elite, my guarantee that it won't be the "winner take all" global currency remains certain.

First of all, simpleton readers don't seem to understand the distinction between a reserve currency and a circulating currency. Crypto-currencies are the latter. Dollar and Euro cash are examples of the latter. US Treasury and Euro-denominated bonds are the former (Tier 1 reserve assets in the BIS Basel model). IMF SDRs are the former.

The global elite are planning for a national (or regional) currencies floating against a global reserve currency. And they are planning for circulating currencies which are all digital. Bitcoin is one gambit in that mix.

[iamback]

Cross-posting from the Economic Devastation thread...

...

Normally the comments on ZeroHedge are pretty good. However, the posters there seem to blindly support rage pieces like this one without understanding that the rage will only make things worse.

Rage without insight is more then useless. Such anger is easily manipulated and will be directed into an attack on the productive elite and small businesses.  

...

With each raging assault on the hated rich 1% red cape the bull is confused to find that its wounds have deepened. It responds by attacking the cape with more vigor.

The proper response to this spectacle is not rage but pity. The bull has been brought up and trained its entire life to ignore the torero and has no chance. The only logical choice is to opt out. Don't be the bull and make sure you are not the easily targeted red cape.

CoinCube is started to get the deeper points I bolded below. Note from the poll results and comments in the one world reserve currency thread, that most people are really confused. It will take them a couple of years of reading my teachings before they will realize I AM CORRECT.

A singe currency is as feasible as world peace.
China, Russia, the UK, the US, North Korea or Japan will never accept a currency out of their direct control.

Readers don't read, or lack reading comprehension.

Why don't you try again to read the thread. The national currencies will float against the reserve currency.

The coming global crisis will sink further and further into the abyss until the nations agree to a monetary reset and the only way they will ever agree is if that new monetary reserve unit is not controlled by the USA as it is now.

...

Also Armstrong is contradicting himself on claiming above that the impetus for a move to a one-world reserve currency will be only for economic reasons and "not political".

https://www.youtube.com/watch?v=AxOUyPKA_vg

...we are going to go to some sort of new international reserve currency because there have been a lot of political problems with it [the dollar, i.e. one nation's debts being financed on the back of the world using that nation's currency as a reserve]...

http://armstrongeconomics.com/2015/03/10/the-one-world-currency-not-arriving-voluntarily/

I “believe” we will be forced into that one-world currency because of the collapse of the Euro and the contagion that will impact Japan. It will become the “solution” to hide the default on socialism. We are already in a declining trend since 2007 for all economies outside the USA. The USA is the only thing holding this thing up. When the global economy turns down, watch the finger-pointing.

The Sovereign Debt Crisis will cause the new currency to emerge for this is how they default. I would like to think that our proposal could be usurped and we end the borrowing, which nobody intends to repay anyway. But let’s be realistic. The collapse will be forced upon the world because of the failure of Marxism. That is the key. The very fundamental idea that government is capable of managing the economy.

The elite have planned this out a long time ago. They BIS Basel rounds have been preplanned for a long time and they slowly are increasing the Tier 1 capital requirements on banks. This will force mark-to-market and everything will collapse.

From that political problem, the world will have no choice but to accept a monetary reset, and the only way to get all the nations to agree to a reset will be for the power of the reserve currency to not be held by any one nation.

So that power will be transferred to an international entity. The elite will pretend it is a fair entity that has representation from all the nations, but as always, they will control this institution.

Armstrong wrote the following posts to try to refute what I had written as quoted below.

http://armstrongeconomics.com/2015/03/11/rothschilds-fact-or-disinformation-to-protect-the-guilty/
http://armstrongeconomics.com/2015/03/10/the-one-world-currency-not-arriving-voluntarily/
http://armstrongeconomics.com/2015/03/10/federal-reserve-confusion/
http://armstrongeconomics.com/2015/03/10/negative-interest-rates-brain-dead-thinking-that-will-implode-the-world/

...This will cause an acceleration of capital flow into the USA, driving the USA stocks to a phase transition bubble near 40,000 by 2017. The Fed will react by raising interest rates, seeing this as an opportunity to unwind their balance sheet and to pretend to be protecting the 99% against the 1% who profit on stocks. (Note Armstrong doesn't seem to understand the Fed will do this because TPTB want the masses to beg for their own demise, its all part of the master plan towards a one-world reserve currency and global Technocracy. Armstrong doesn't understand that at Bilderberg meetings a smaller group of less than a dozen meet to discuss the real plan for the world, he isn't inside the top most circle)

This rise in interest rates will cause the rest of the world (which is short the dollar due to borrowing all the QE which ended up invested outside the USA) to collapse, thus killing the USA exports from both reduced international demand and a stronger dollar.

USA should thus follow into terminal decline in 2017.

Dominoes falling...

...

[tabnloz]

Firstly, interesting thread. In depth and a bit dense for me, so I may be way off in my contribution.

Unfortunately, I see all this as completely plausible. Not long ago, all kinds of tracking and surveillance were seen as tin hat paranoiad delusions. Not anymore.

My 2p: Publicly audible blockchain based currency is a boon for surveillance, but it is also great for Average Joe to have control over his own funds. What the NSA / Five Eyes do with phone records & browsing histories, they can do publicly and legally with blockchains, providing they have the knowledge or ability to associate addresses with people. Think of the metadata; phone location tracking, call tracking, debit card linked payment tracking, internet tracking and now forever searchable crypto payment tracking and association. If cash was the last slightly untracable bastion, then a crypto type cash would lessen its 'market share'. I don't think crypto will ever supplant it though. The conundrum for early Bitcoin users then becomes: Is it OK to become fabulously wealthy if this turns out to be some kind of deliberate plan?

Further, I see the de-dollarization as being managed. Governments will never completely agree due to power & political struggles however they will hold hands on relative stability in order to fend off implosion of the system. In the next crisis I ahev read it will be the IMF & SDR's that emerge from sovereign calamity, and a different weighting of currencies in the IMF basket. Monetary reset is not new so I suppose it is to be expected at some stage.

[iamback]

tabnloz, very good. You've almost got it entirely.

Cash is going away. They are phasing it out such as by lowering the ATM withdrawal amounts, confiscating cash at borders, and civil forfeiture laws in the USA where they take your cash for any suspicion of illegal activity and they don't need to prove it (your cash is guilty until proven innocent, because it doesn't have human rights!).

The elite appear to be using Bitcoin to force the banking systems to go electronic in order to compete. Realize the elite can't rule by top-down edicts, because they would become the target of organized resistance. The elite rule by clever deceptions. I believe Bitcoin was created with an elite team of cryptographers from the NSA with funding from the DEEP STATE, i.e. the $2.3 trillion that Donald Rumsfeld admitted on the eve of 9/11 was missing from the Pentagon budget (cumulatively over the decades).

I believe that elite team intentionally (secretly subverting the DEEP STATE that contracted them) or inadvertently launched a market for a real anonymous currency and internet. I believe we can invent crypto-currency that can protect us and work as cash did and with extra beneficial features. Thus I believe Bitcoin will not be the only popular altcoin. But the proof of this will be in the pudding so to speak. Someone has to actually invent something worthwhile.

[iamback]

Jim Rickards has suggested that the Central Banks are allowing China to get more physical gold with the idea that a currency reset needs consensus among the players.  Rickards suggests that the metric that will be used will be based on gold reserves (that are aligned pretty close to each major player's GDP).  So, if China were to have about the same gold reserves as the USA, a reset could be worked out balancing each country's interests and clout.

I had also thought of the same thing that Rickards is saying.

[sidhujag]

Im pretty sure it was nash who created bitcoin as an ideal currency.. Maybe under nsa but hes been saying it for decades that decentralized ledger is the way to go for economic token.. He published papers to the govt about this.. Hes really the only one qualified with incentives to invent something like bitcoin.

[iamback]

Im pretty sure it was nash who created bitcoin as an ideal currency.. Maybe under nsa but hes been saying it for decades that decentralized ledger is the way to go for economic token.. He published papers to the govt about this.. Hes really the only one qualified with incentives to invent something like bitcoin.

John Nash suffers from a mental "illness" (haha, I think he and I have something in common then, lol).

Links for readers:

http://bitcoinpricelive.com/john-nash-satoshi-nakamoto-bitcoin/

The post on Bitcoin Talk forums goes into much more details about how John Nash was possibly in contact with people known to be at the start of Bitcoin such as:

– Nick Szabo:  Created BitGold[1] and knew Hal Finney

– Hal Finney:  Proof of Work Systems

– David Chaum: E-cash developer and NSA connection

– Adam Back: Creator of Hash Cash

The post lists other contributors as well.

https://bitcointalk.org/index.php?topic=560056.0

I have only seen one photo claimed to be Nick Szabo and it has since disappeared from the internet. I am not sure if he is a real person.

Another theory:

http://www.fastcompany.com/1785445/bitcoin-crypto-currency-mystery-reopened

[1]

http://unenumerated.blogspot.com/2005/12/bit-gold.html http://unenumerated.blogspot.com/2011/05/bitcoin-what-took-ye-so-long.html http://en.wikipedia.org/wiki/Nick_Szabo https://www.cryptocoinsnews.com/nick-szabo-bitcoin-founder-satoshi-nakamoto-breaks-silence-tweet/ https://bitcointalk.org/index.php?topic=576397.0 http://www.entrepreneur.com/article/233143 https://likeinamirror.wordpress.com/2013/12/01/satoshi-nakamoto-is-probably-nick-szabo/ http://www.gwern.net/Bitcoin%20is%20Worse%20is%20Better

[Honeybooboo]

Nope, but it would probably enslave Russia. Just look at what happened to the Ruble!

Incorrect! The one-world reserve currency will enslave all of the nations. Study my post #11 more carefully. You didn't comprehend it.

It will only enslave the nations if it is forced onto us by the one-world government entity. I actually think a one world currency would do the opposite if it was a fairly issued decentralized one but likely the one world government would be a tyrannical one and not interested in this sort of option. I think bitcoin could rise up as sort of a natural default one world currency for sure. I hope it actually happens as a truly borderless universal currency would be amazing in my opinion.