Central Bank Digital Currencies are HERE | What You Need to Know
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- Опубліковано 10 чер 2024
- In this video, we look at the global push towards digital currencies. I explain what a CBDC is, what it isn't, and we discuss how it will impact you and your investing. There are major changes coming. Prepare before it is too late.
Sources if you'd like to dig deeper:
doubleline.com/dl/wp-content/...
www.imf.org/en/News/Articles/...
www.bankofengland.co.uk/-/med...
Time Stamps:
00:00 Intro
01:38 Money History from Credit to Commodity to Paper to Digital
04:56 CBDC's are NOT Cryptocurrencies
06:24 CBDC's will make Banks Obsolete
09:46 Federal Reserve Act must either be changed or ignored
11:17 CBDC's provide Precise Economic Control
14:31 Why Central Planning Fails
19:05 Government Incompetence Will Cause CBDC's to Fail
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This must be stopped , freedom and choice must win . No to digits . Privacy when you spend .
I don’t know why you don’t have more subscribers, Joe. Another very informative video. Thank you.
Thanks Mitch, I appreciate it
Ditto
@@HeresyFinancial try to do a talk with richard wolf or other platform. You have a lot of good insights
Whrn I looked at thsi video I don't think it would be informative. I assumed I'd get another bitcoin loving biased view. As soon a s I clicked, a few mins in... I subbed. It's educational and a wealth of knowledge is given on the subject.
Because their is no speculation, just education for the ones who are trying to understand the mechanics of the market. This is a really good thing, good information is hard to find as it comes mixed with whole lotta speculation.
But you know that all going on in society and politics right now may be planned, engineered, manipulated in a way to speed up this implementation. I wouldn't be at all surprised if a grand scenario occurs anytime between now and in next year, causing a threat to the whole system imploding, and thus the immediate need to implement this system. And I would not underestimate their progress, ability to implement all this much more efficiently than you think. The work behind the scenes on this system is probably quite thorough and ready.
I agree. That's why they already attached the first part to the March stimulus. (That every American be delivered access to a digital wallet by Jan 2021) I would love if it was 2 years out but unfortunately it's going to be sooner and in my opinion, it's all bad.
Yes it’s been sketched out and planned for over two centuries. As progress occurs the macro planning evolves into the micro. As their ducks aligned between world wars and the aftermath, 1971 was the real step forward. The current final financial solution implementation really started building up in 2000. Look at all the world events that have occurred since! Few if any major geopolitical events effecting have since then have not been related to building the paradigm we are now seeing rapidly unfold. So no need to guess or wonder, there’s much been happening around the world that is related to a much bigger picture
Yes like the “war”. Planned
Spot on, Thank You sir. Great examples as well. You have a holistic view on financial systems, gov and social sciences.
This was great👍🏼 you might need to repost this again or due a new twist on the same info. This one especially is becoming increasingly more relevant
Your videos are really great, I love your reasoning.
Great content Joe! Is there anyway you could cut down maybe in half of the advertisements. It’s every minute and a half to two minutes it kind of ruins The message. Just a thought and it’s going to have to affect your numbers one way or another keep up the good work
Great overview, philosophically accurate. Central planning and control never works…
Ty for vidwo great content
There has got to be a legal remedy for this. Something in case law regarding commerce that will stop this. I hope there are lawyers who are looking. Thanks as always.
Hey bud thanks for the video 😊
Watched on 1.5 speed and it was almost as fast as you speak now. Things have changed in 9 months. Coffee goooooood!!!!
1.25 I’d say
Always great information. Very easy to understand. Thank you
Thanks!
Damn Joe. This is brilliant and the animal fry scenario is genius! Thank you for the great content.
Thanks Steve!
This is excellent work.
Thanks for this great video! I see a possible future that looks like the one you describe except that the reigning currency is decentralized (i.e. built by the people) rather than centralized (i.e. built by the government). I work as a software engineer in the private sector and I have a lot more confidence in our abilities than the government's abilities (to your point about healthcare.gov) so it seems probable that we will build the new, effective, unified system before the government can get it right. What are your thoughts on this?
Control over currency is a corner stone of a nations sovereignty. Do you think that those in power will just let that go? We might be able to build what you say, but it wouldn’t be without blood.
this guy is great, 2nd vid i have seen.
So what your saying is I should take my stimulus into 1s and put them in a safe?
Excellent. Scary stuff, but well covered.
I appreciate it Graham
The US Constitution defines money as gold and silver. Period. Paper and digits are NOT money.
Incorrect. The US Constitution specifically says that the states shall not make anything legal tender except gold and silver, but coining money can include paper or digits. The federal government does not have the power to make legal tender laws, but it has decided to anyway. The bigger constitutional issue is that the federal government has taken on a role and authority that it does not constitutionally have.
@@k98killer they are doing that with everything now and they have no rite to do it. People need to speak up
The Constitution no longer had any effect following the War of Northern Aggression. Lincoln suspended it under war powers and following the war the united States were reconstructed into the United States. Seems superficial to most but remember that most politicians are lawyers that follow orders of bankers. The southern States wanted to secede because the federal government was going to default on debt that they didn't accrue. This is why the years following the "Civil War" are called the Reconstruction, not the Restoration. The country you know as America has gone through three resets before just like you are seeing now.
@@jessecortez9449 so besides the War Between States and the Nixon Shock, what was the other reset? The FDR banning of gold?
@@k98killer first was following the Revolutionary War when the country was broke and couldn't pay back France for their part in the war. Constitution was formed in 1789 by the Constitutors (look up in Black's Law Dictionary) which incorporated the country under international law so the debt could be extended for 70 years instead of 7 years like for a natural man.
Second, in 1859, the Civil War. Southern States wanted out of the voluntary association of States set up 70 years prior because that was initially their debt. Lincoln refused. Americans massacred in war for debt.
Third, 1929, Stock Market Crash and Great Depression. FDR issued Emergency Banking Act on top of gold confiscation. Nixon was just an echo of this as our gold backed currency was missing the physical gold. It was sent of to the Bank of England just to cover the interest on the debt.
Current reset likely started 1999, 70 years after the 1929 Stock Market Crash. The economy since than has been heavily manipulated such as with the Housing Bubble and all other massive debts. Every 70 years the debt has to be rolled over including some years as a grace period for negotiation.
There is a lot to factor in as this is more than economics. It includes trust laws within international law, legalese presenting itself as proper English language to the populous, political theater like we are seeing today. Look up Pollock v. Farmers' Loan & Trust Company. Look up the 14th Amendment. The Difference between a Natural Person and a Citizen.
Hi. You got me confused right there at 3:55.
How are CBDCs exactly paving the way exactly for transition from debt-based money system?
Aren't CBDCs, i.e. ECCU DCash, Nigeria e-Naira, China digital yuan etc. still all debt-based money systems?🤔
Keep going! Awesome channel.
Great , philosophically accurate. Central planning and control never works…
Opportunity for misuse is very high. Probability of government taking that opportunity - higher every year.
Joe your the man it’s a blessing someone like you exists who is generous with your knowledge and can break things down for dummies like me lol
It's my pleasure Nick, thanks for the encouragement
Great explanation of how CBDC's will work, and looking forward to more videos in the future on appreciation of Crytocurrencies, and today for example Bitcoin went from $15.000 to $17,000
Bitcoin material is mined in China. Considered dirty and there is pressure to stop mining this material. Thus the end of Bitcoin?
@@bikechickluvs2groove no
@@bikechickluvs2groove What you're saying doesn't exactly make sense at all.
I hope that you're right Joe 😊👍
Your video image had a bold letter title: Great reset. So, are you saying CBDC will bring in the reset? CBDC sounds like an extension of the fed money printing in which case it's nothing special. So, the reset will happen because of the nonstop QE, but not necessarily because of CBDC. Am I right?
Exactly Grossman and Stiglitz (1980) suggest you cannot have a perfect information market. If so the price discovery aspect of information will not function and people wouldn't spend effort for it. Say if central bank knows the raw material cost to make the goods through digital currency and I spend unmeasurable effort to make it top quality. One day they punish you for that and from your standpoint there is no incentive to make things better right? Technological advance will turns into standstill. Nice point bro
great explanation and this is a definitely more likely now the company Ripple and crypto xrp. they solved that infrastructure issue and cross border payments issue
bottom line: sounds like central planning reinvented. I wonder what Hayek would think about it...
I hope you are wrong about that but I fear you are right and we will be subject to half-assed central planning and won’t be able to afford much more than basic necessities. At least we won’t starve but we will live like cattle.
👍🏻, besides gold and sliver,and bitcoin. What other hard comodities ?
Thanks
Real estate
Guns and ammo
Good point on slow roll-out due to government incompetence.
Amazing explanation bro!!
Exactly why I’m 75% crypto 20% silver and 5% fiat… fiat to buy crypto dips!!
#ENDTHEFED
Thank you
So what happens to the unbanked,homeless and other people who are not carrying around smart phones? Do they create an underground market?
What's the difference between digital currency and electronic currency we currently have in our banks and paying by card or google pay? We digitial currency still be exchangable for paper bills on demand?
The digital currency cuts out the banks, giving the government more control. Allowing them to take and give without difficulty
If you plan to "get yourself out of the system" by getting BTC, gold, etc. How do you plan to earn later from this? If governments stop allowing you to buy gold and BTC, surely they wouldn't allow you to sell the gold or BTC to some moon prices, they would probably buy it from you for pennies or even confiscate?
Underground networks will develop to avoid the best system
The FED ignores its limitations. All three branches of the federal government also ignore their limitations. When are the people going to rise up and reimpose the limitations? If hyperinflation hits, the current power structure is ripe for an overhaul!
How I hate when folks say CBDC isn't a cryptocurrency.
Blockchain-based CBDCs may be centralised cryptocurrencies, i.e. China digital yuan CBDC is a centralised cryptocurrency. Bitcoin is a decentralised cryptocurrency, and its friends Ethereum and co., i.e. Ripple XRP are centralised cryptocurrencies?...
A cryptocurrency needs not be decentralised to qualify to be a cryptocurrency. Wish folks could get this simple fact!
ty
Joe How Long do you Think we Have Until the Fed Controls the Price of Animal Fries at In-N-Out Burger?
Big facts🧠
How will Fed-Coin affect local bank loans? My home mortgage?
There won't be a bank
I would guess that the gov would buy up all mortgages/houses (like they're currently doing) before rolling out the FedCoin
Hey Bud , Question ? When Was The Federal Reserve Made Into A Government Entity ?? 🤷🏾🤷🏽
In short, financial communism for the digital age.
Agreed with your objective FACT about In N Out. Gimme that double double animal style
I watch everything in 1.5x speed you all don't always JUST GET THE POINT, but I love all and thank you for all your hard work
Legitimately the first comment. As is customary, this will not be substantive or topical in any way.
k98killer: thanks muchly for the non-controversial kick start to the comment section.
@@glennmiller9768 happy to help
Definately In and Out burger, the best!! They did not have animal fries when I was in California. We do not have In and Out in Oregon!!
We have 3 in and out locations in oregon medford Grantspass and keizer!!!
Here is an idea for the folks that have equity in their homes, refinance now and take out the cash while prices are up. Eventually deflation arrives and then reinvest the money when prices crash. It can be stocks, bonds, or buy up real estate when everything goes on sale. Just be sure to invest cash and do not invest on credit again when interest rates go up.
I’m seeing this guy for the first time,
but it seems he isn’t aware enough of the criminality of the federal reserve.
At least he is looking at the issue.
Guess you read about how the fed.reserve people 2 of them may be more ,got caught inside trading.And not even a slap on the hand .sad.
The Founding Fathers warned us about this, yet we ignored them. We deserve the evil things the governments will do to us.
People have never learned the bigger picture that has led up to this monetary reset. This is not the first time this has happened here but it may end up being the most devastating. At least three resets have happened.
First, following the American Revolution, the States could not repay debt owed to France and this is part of the reason for the Constitution. The CONSTITUTORS (look up in Black's Law Dictionary) needed to switch to international law to extend the debt payment from just 7 years to 70 years (including up to 20 years grace period for negotiation). So 70 years after 1789...
Second, the War of Northern Aggression 1859. Americans are taught this as the "Civil War" but it wasn't truly a civil war as the southern States didn't want to capture the government Capital, they just wanted to secede from the voluntary association of States. The whole slavery issue was a smaller issue at the time compared to the States retaining their rights. The southern states wanted out because the government was going to default on the debt that they didn't really accrue themselves. 14th Amendment creates two different jurisdictions as the people become collateral. Lincoln never really freed the slaves, he made everyone equal citizens (property of government, free men are above government as it is supposed to work for him rather than he works for it). 1859, Pollock v. Farmers' Loan & Trust Company, worth looking into. 70 years from 1859...
Third, Stock Market Collapse 1929. People suffering from economic collapse, I wouldn't doubt they let us suffer for a bit today just like then. 1933 FDR takes office. Sworn in March 4 while today Presidents are sworn in Jan; shows a change that FDR put in effect. March 6 FDR declares National Emergency. Unlimited Executive Power is restarted with very new President. March 9 Emergency Banking Act.
Current default likely started 1999. Much of the economy has been manipulated since then, leading up to 2019 when todays economy started to go off the rails. Countries can go through bankruptcy three times until jubilee but bankers love keeping people in debt. So most likely no jubilee but rather a new monetary system, Central Bank Digital Currency. Maybe this seems crazy to most but remember that you were never taught about history or money in government schools, nor where you taught about the law despite so many politicians being lawyers. Regardless, this reset will be like nothing ever seen before.
CBDCs have nothing to do with crypto, blockchain or distributed ledger technologies. It is simply giving everyone a deposit account at the Fed, a privilege now given only to private banks. Secondarily it is also the new payments infrastructure that will enable everyone to transact with that deposit account. Think about that for a second.
good video, but sounds really bad if the govt will have that much control
What about banks ?are they going to disapear too ?
Even without digital currency people are to oblivious how they lost wealth to government and central banks. Simply it is out of sight and out of mind...
How could anyone access digital currencies if power grid goes down?
Not every country has a vulnerable power grid like the US.
would be fun to if there is a war or some major hacks that shut down the entire economy
More than likely I'll move to bartering for most of the things I gotta do
Good luck.
I legitimately can't tell whether you're trolling about In & Out.
Hahaha
Yep - free markets work.
Great example of central authority fail using Animal Fries pricing.
So I would no longer be able to walk around with money in my pocket? I would no longer be able to pull out money so it can't be touched? I can't wait to see how the Casinos make it work...
Right 👈🏾🔱THE GREAT1🔱
Casino coin csc
I wonder if the uncontrolled buy - backs would still be allowed in this future digital world where your privacy and freedom will be totally sacrificed now that your everyday transactions can be scrutinized by big brother .
Treasury Dept should be called Treasury Debt seeing theres no treasure.
Thanks for the content Joe!
This is a precursor to the Mark of the Beast explained in the book of Revelation!
you know that book belongs to them too!!! The Bible I mean. They like to tell people what they are doing and it’s all in that book. Including the creatures and beasts.
The mark is the name on the birth certificate.
The motb will happen when the antichrist reveals himself
One world currency would be great. Another step to getting rid of borders all together.
its not a one world currency though, its a digitalised and more centralised version of the pre-existing currencies every country has. Its no different to what we have today, just the central bank has considerably more power over the value of the currency and our financial behaviour.
What happens to your bank account with your money?
it gets devalued to the point were it is irrelevant.
Hun this will happen shortly...u will have a Chip on ur hand which will contain points that u spend. U swipe your wrist over the scanner and the food is paid for. People will have no freedom it won't be better
So i probably should have been buying Gold many years ago
Now I want some animal fries.
Where exactly can we get legit gold and silver without getting ripped off? Lol I think we would all like to know please and thank you for the vid!
If your a bank teller ,get ready to lose your job. And ,you won’t use green back in your local sales, the gov. Will know EVERYTHING you buy or sell. Won’t this be fun.
I guess, Facebook Libra will help to establish the IT for these Central Bank Digital Currencies. Facebook has a well established Tools-IT to send messages around the world (tested over 1.2 billions users, monthly). Facebook Libra will be a big player in cross-border payment.
Nothing prettier than 3 bullish setups on the screens in back!
2 years... hows that "reset" coming?
I don’t understand why physical gold, silver and BTC are talked about as being “out of the system”. We can’t BUY many things with them without first converting them to government fiat. Fed control of digital fiat can deny the acquisition or conversion. If we are allowed to make the conversion, we will pay huge taxes on any profit realized. We are told by some that we can buy real estate with gold. But why would a seller accept gold when HE/SHE would have to pay the taxes when converting to fiat? Will you please answer these concerns in a video?
Less manipulation, and price appreciation.
Yes, great question. The short answer is that if the "endgame" described happens, gold/silver/bitcoin can be used as money by themselves outside of the system. Think of it like barter, or black market money. Every time gold or silver have been outlawed in history, a black market for them develops. People use them as money illegally.
I love black markets, they are the correction for the communist Keynesian non sense
Digital currency........no privacy to what you buy.
I think more is in place than you think less we forget the world economic forum is involved too
Centrals aren't needed anymore..
What do you think about the adoption of Ripple by the Governments???
Ripple is a scam coin. It's not decentralized, meaning the owners can manipulate anyone's bank account as they see fit. Any centralized currency is FRAUDULENT.
if digital currency can remove corruption then surely its got to be cost effective. how much money given to charities actualy gets to where its needed and not help an administrator buy another yacht?
I really, like your videos very educational, the clarity and your point of view is well thought out:
With that said;
I NEED to bring the OPPOSITE side of this digital currency discussion, hope what I have to post finds some value of your time for serious thought on the other side;
1) There will be NO way EVER -- NOT EVER-- that ANY central banks around the WHOLE world --- will LET ANY -- BITCOIN, crypto coin ----- exist--- to be used as ANY kind of
LEGAL TENDER--- NOT EVER! That WILL remain the SOLE DOMAIN of RIGHT-- that the ONLY ENTITY that has the RIGHT to CREATE LEGAL tender--- is a CENTRAL BANK,
That DOES WORK in COLLUSION with the FISCAL side of EACH countries GOVT!
I know that is a strong statement!
It also goes AGAINST---- bitcoin RISING to be ANY kind of EXCHANGE for goods and services !
Bitcoin WILL NOT GROW in value and strength because of ANY GOVT. incompetence or failure to execute ----- the FED AND ALL other central BANKS ----could CARE LESS
about what you ANYONE else thinks or tries to work against them --- as far as how they MANAGE a digital coin transition!!!
THEY WILL ---- OWN -- they WILL own ALL OF IT!!!
They can EASILY just come out and say ALL cryptocurrencies are DEVALUED --- to WHATEVER ---- they ( the central banks) CHOOSE to SET that value at!!!! SO -- go right ahead-- trade or value bitcoin as high as you want!!!
Your talk about CHINA LEFT out a VERY, VERY important -- FACT: China --- TOTALLY MADE IT ILLEGAL--- to use ANY digital currency ---- other than the ONE -- their GOVT. PUT out NOW!
THAT IS FACT -- VERY CRUSHING AND TELLING of the direction of -- private sector bitcoin!!
When ANY central bank creates THEIR digital coin ---- that WILL BE the ONLY VALUE and EACH coin --- they MAKE --- WILL be the standard!!!
The above could be MUCH longer AND FACTUAL!
2) The idea of digital (paperless) currency is a LOT more CONTROLLING and has a DARK side that is NEVER talked about INCLUDING what you never talking about it!!!!
A) The digital accounts will ALL be MONITORED; this will BE ONLY A SHORT list of what FACTUALLY --- WILL HAPPEN;
--- There WILL be NO MORE or SO, SO LITTLE -- MONEY made ---- UNDER the TABLE ---- you WILL see and END to that --- in MASS, EVERY SINGLE transaction WILL have a
DIGITAL TRAIL!! JUST ONE - of the UNSPOKEN reasons-- the central banks WILL embrace the Blockchain and digital coin is----------- RIGHT this MOMENT-- the FED KNOWS
FULL WELL----- there is TRILLIONS -yes TRILLIONS-- of dollars made under the table --- the Black market use VAST------ this WILL put a SERIOUS STOP to it!!
YOU ---- WILL NOT -- EVER be able to make a transaction that will NOT show up ---- ON the BLOCKCHAIN----- that ALL CENTRAL BANKS --- WILL have a digital RECORD!
This leads RIGHT into the BLOCK CHAIN JOKE--- 1) There WILL still be BANKS as you know them! They WILL have REGIONAL- --- CONTROL---- of the BLOCKCHAIN-- for all the fools out there that EVEN THINK-- there will be "NO NEED" for the Fed to have a RECORD of ta digital transaction --- they are SO WRONG!
HERE is what WILL HAPPEN------ the central banks --- will have their OWN COMPUTERS --- to MINE and they WILL have a RECORD on the digital LEDGER--- NOT just the people making transactions,
The FED -- WILL have MASSIVE warehouses of computers to do the MINING and the miners we ALL know now --- will NOT have LEGAL right to mine --- yes --- the GOVT will takeover-- BUT everyone on the LEDGER WILL get a receipt(digitally) the FED WILL OWN-- any and ALL LEDGERS!!
AGAIN-- they could CARE LESS-- if you or anyone else THINKS -- they CAN'T do it RIGHT--- it is NOT about that---- it is about control--- look at the GOVT. MESSES NOW -- yet they STILL have control!
3**** MAJOR POINT----- The blockchain AND digital currencies -- ACTUALLY SOLVES so MUCH of the LOCAL, state, federal govt, AND the IRS --- SOLVES MAJOR --- taxation issues---- NO more hiding money you made under the table, NO cash transactions--- NOW - ALL or at LEAST massive MORE--- taxes WILL be PAID -- that were NOT PAID ---FOR SO MANY YEARS!!
So the IRS---- WILL NOT DISAPPEAR --- AT ALL---- the digital currency and blockchain --- just MADE their job EASIER-- and your REAL INCOME --- MORE TRANSPARENT--- to THEM!
4) Another MAJOR problem WILL get under MUCH better control; ---- A)MONEY LAUNDERING --B) MAJOR international -- gun running, ILLEGAL Military type of arms sales-- that ALSO launders money, C) SERIOUS-- large transaction of DRUGS-- especially across borders(all done in cash now and then laundered)!!
There WILL be NO PLACE to hide!!
ONCE we are paperless and FIAT money is NOT used---- AGAIN --- --EVERY transaction WILL BE TRACKED and SEEN on the blockchain and the CENTRAL banks are NOT going to LET that get away
from their control!!
A lot of food for thought;
I hope you DON'T think China -- is creating digital currency -- so they can LOOK LIKE they are FIRST and in the the TECH FRONT????
NO-- it IS ALL about control--they are NOT including the U.S DOLLAR in their digital format --- for a REAL REASON---- they KNOW (the dictatorial regime) that a LOT of THEIR citizens
have been KEEPING -- THE SENDING --- U.S. dollars to U.S. banks-- yes --- here!! WHY-- for timing their escape!
So, NOW their citizens ARE LIMITED to how much money --the can even take out f their OWN BANK accounts!!!!
the regime is FORCING-- people to use MAJORITY-- YUAN--- tracking everything!!
You can do whatever you want with bitcoin----the PRICE you see on the stock market ----- MEANS -- NOTHING--- another STRONG statement!---- because -- it is NOT LEGAL TENDER,
The FED COULD CARE LESS----- they ALREADY KNOW--when they bring -- THEIR digital coin out ------ that ---- WILL BE THE STANDARD VALUE of legal tender --- then bitcoin you see NOW -- will have a BIG adjustment to MAKE!
Bitcoin -- CANNOT reside by ITSELF, it might be ALLOWED like gold as a parking place in bad times!! BUT--- the MOMENT you TRY to transact it---- you WILL get HIT -- if you even think --- 1 -bitcoin will be WORTH -- 17,241(price as of today)----- you WILL get a VERY RUDE awakening!!
There is LINK below -- PROVING -- how PAYPAL-- WILL NOT -- tell how much they will convert your bitcoin to dollars for--- another REAL TRUTH!
-
This could be much longer and a very WORTHY discussion!
NOW -- I am going to leave you with 2-- yes 2-- factual LINKS , VERY TELLING SAD TRUTHS about Bitcion as it is being REALLY USED--NOW!
#1-- This one just happened and is the best--- this is the CEO of PAYPAL, doing an interview on CNBC--- Bticoin took off upward when PAYPAL announced it would accept Bitcoin -- then CEO
MAKES a HUGE GLARING TRUTHFUL -- telling of what he is REALLY doing with bitcoin---- He ACTUALLY --- FULLY ADMITS--- paypal TAKES bitcoin and then exchanges it for FIAT ---- DOLLARS!!
NOT MORE bitcoin! TO MAKE IT WORSE--- he TELLS the interviewer--- that PAYPAL --- DECIDES-- YES -- PAYPAL "GETS TO DECIDE" how much the EXCHANGE RATE IS--- into DOLLARS with the person you are transacting with------ WHO IS HE KIDDING -- what a JOKE-- then this CEO DOES NOT say ONE WORD--- as to HOW --- his company comes to an EXCHANGE RATE!!!
YET--- you THINK --- the FED or GOVT. can MESS this up ---- BELOW --- is REAL PROOF of a REAL MESS and NO STANDARD of financial behavior!!!!!!
Here is the LINK-----you can watch all 6 minutes or the ONLY factual part--- starting at 2:28 - 2:50 ( save you some time)---- ua-cam.com/video/aZO4ddO0J_E/v-deo.html
#2--- This next one is just ONE problem the central banks around the WORLD are LAUGHING AT --- when you say --- the govt. can't run a huge digital currency" --
You may not need past the HEADLINE--it is SO telling---- techcrunch.com/2020/11/05/justice-department-silk-road-billion-bitcoin/?guccounter=1
In closing--
1)this has been too long for this format-- sorry!
2) the FED and other central banks are ALL WATCHING-- intensely--- watching the mistakes ALL made by the "private bitcoin sector" -- like I just sent links to you!!
The FED --ALREADY KNOWS -- full well what it NEEDS TO do ----- they are just LEARNING from bitcoin fool mistakes, and they are BUILDING the infrastructure - NOW!
3) The BITCOIN miners --WILL ALL be gone -- just warehouses of computers with AI-- that will control ALL of it!
4) A LOT of control will happen--- for better or worse---- the UNDERGROUND, black market -- will WITHER-- if what drugs and laundering they want to happen---- LEAVES a TRAIL,
if they find another TRAIL to use -- it WON'T matter ---- that DIGITAL coin will be UNUSABLE -- as the central banks will only LEGITIMIZE --- -- THEIR COIN"-- buyers of their products WILL have NO PLACE to spend whatever bitcoin they have used in the black market transaction!!
5) I have supplied you with 2 REAL FACTUAL links --that tell the TRUTH-- of what people are REALLY doing with bitcoin--- exchanging - it for DOLLARS!
the WORST part --- NOT even PAYPAL--- will TELL the TRUTH about --- the EXCHANGE RATE!
6******YOU and NO ONE ELSE-- has the ABILITY to show a REAL mathematical formula that lend to a COMMON SENSE EXCHANGE rate --- of BITCOIN to DOLLARS---- that would SHOW STABILITY,
JUST ---- RANDOM---- exchange---- of whatever can be GRABBED!!
7****** I apologize for my use of CAPS---- they are NOT meant in the typical sense --- to yell. I did use them to make hopefully emphasize and clarify points!
NOTE--- you now have a good reason to get rid of your "END the FED "mug!!!!
Venezuela
It will make it more difficult for your average law abiding criminal to launder money
law abiding criminal 🤣
Nice
More ads than I care to tolerate.
a d b l o c k
Last time I check that Bill hasn't pass and is stuck
I heard the opposite:(
♒️
You make it sound like this is a good thing and the government is trustworthy. 😅
Fuck that, no way.
i like your vids but ads every 90 seconds?
😬
Look up ripple they r the next evolution of banks
I also think a proper discussion would include the fact that CBDC will exterminate any and all privacy that might have been hanging on for deal life at that point. The CBDC presents the Government with the Ultimate Power over the citizenry. The Power of Starvation, any time they wish to exercise it, for whatever reason they imagine. And my guess is that the foremost reason for them to exercise this incredible Power would be to shut people up who might mistakenly imagine that they are still allowed to mention that this is a bad idea, and/or that the system was designed with significant flaws, and/or that the system is costing lives, or anything at all that might distantly smell of a complaint against the Government of any kind. Because... well, why the fuck not? With this move all possible restraint will have been removed from the Beast, and it can then rove around at will, crushing whomever it wishes for any reason, and without any accountability whatsoever. Because "oh, well, that's the system, you see... no I'm afraid we can't fix that in our office... have you tried calling one of the twenty seven numbers provided on the Government information page? Oh it's down? I'm sorry, no, I don't have access to it. You'll have to try again later when it comes online. Oh? you have no food and no heat, and there are roving gangs killing people in your building... I'm sorry we already defunded the police in your areas. Is there anything else I can help you with today?" And why not? There will be no longer any reason for the Government to uphold any commitment as they will have, with this move, assumed All Power to the Government... for your convenience, of course. As for getting your hands on gold, and other outside-the-system commodities... um... what would be the point of that in a civilization where the CBDC has been established globally? Don't you see they will simply make holding gold, or anything other than CBDCs illegal? Where would you spend your "illegal" gold at that point? China? Nope. Anyplace in the world? Nope. In other words, the CBDC represents the end game in terms of Global Tyranny. I would say that if people fail to step up to the plate now and stop this... you're not going to have any freedom left anywhere in the world. Period. America has been the last bastion of Freedom on Earth. And this will be the sudden and cataclysmic end to that. You can bet your bottom dollar on it. In My Opinion.
Have you followed Simon Dixon at all?
If the central bank does not want you to buy a gun, no need to change the 2nd amendment, transaction denied. You are asked to stay in an area, no money outside of that area...
Yih
The in and out Berger can use a lottery system to produce the same amount of animal fries as before; we know the Jewish victims had gold teeth... I am not a fan of non-liquid physical alternatives to money for I cannot protect them any better than my digital belongings. Don’t see better ways out, may just have to go with the flow...and spending money on things that cannot be taken away: experiences, convenience, services, etc.
I HAVE BEEN MAKING LOSSES, SINCE I STARTED TRADING ON MY OWN... ANY ADVICE ON HOW I CAN START GAINING BACK MY LOSS
big brother big tech will help