Cryptocurrency Past, Present, Future…
We had the pleasure of chatting about cryptocurrency with Jon Vaughn on twitter – he knows what we all need to know about cryptocurrency, so we asked if he could assist us in putting together a post.
He has proven to be very knowledgeable not only about cryptocurrency but the political environment surrounding it all as well.
He obliged and hopefully, with this post. we are going to provide you with some direction to the following questions…
- What is cryptocurrency?
- How safe is cryptocurrency?
- How did cryptocurrency start and who started it all?
- How does cryptocurrency fit in with the current Central Bank system?
- What should you anticipate in 2020 with cryptocurrency?
This is not a comprehensive post about cybercurrency – this post is designed to get you thinking and asking yourself the right questions concerning cybercurrency.
Everyone’s predicament and financial situation is different – there is not hard and true formula when it comes to any form of investment, even with establishing a second currency to use like cybercurrency.
We are not offering any counseling nor guidance to cybercurrency, we are however offering an education to assist you in making informed choices.
The final choice you make is always up to you.
Do know this post requires YOU to do some homework — there is a LOT going on and things are changing relatively fast, meaning what you though was good yesterday may not be today.
Welcome to 2020…
What Is Cryptocurrency?
You most likely have heard of bitcoin – it’s been around since 2008 and it is the first cryptocurrency to have been offered, many more have entered the market since.
Let’s see what Dummies has on this on their site at page What is Cryptocurrency?
“Simply stated, a cryptocurrency is a new form of digital money. You can transfer your traditional, non-cryptocurrency money like the U.S. dollar digitally, but that’s not quite the same as how cryptocurrencies work. When cryptocurrencies become mainstream, you may be able to use them to pay for stuff electronically, just like you do with traditional currencies.
“However, what sets cryptocurrencies apart is the technology behind them. You may say, ‘Who cares about the technology behind my money? I only care about how much of it there is in my wallet!’ The issue is that the world’s current money systems have a bunch of problems. Here are some examples:
- Payment systems such as credit cards and wire transfers are outdated.
- In most cases, a bunch of middlemen like banks and brokers take a cut in the process, making transactions expensive and slow.
- Financial inequality is growing around the globe.
- Around 3 billion unbanked or underbanked people can’t access financial services. That’s approximately half the population on the planet!
“Cryptocurrencies aim to solve some of these problems, if not more.”
Basically, like our current physical currency of paper and metal, cryptocurrency relies on faith – we have been going on faith with out own currency since President Woodrow Wilson permitted the formation of the Federal Reserve, a PRIVATE organization run by a board that determines monetary policy independently of the U.S. government which removed the gold-based currency we had in place until then.
As far as what the Federal Reserve really is and how it was formed. that is a whole ‘nother hole to go down.
If you are not familiar with the history of the Federal Reserve, then give a listen to this 23 min video…
You can use the settings (click that icon in the video on the lower right that looks like a gear) to increase the playback speed to shorten the listening time – rate will depend upon your comfort of listening to faster playback.
For a more comprehensive education on this topic, Century of Enslavement: The History of the Federal Reserve, should fit the bill, which can be found on Bit Chute [ link ].
Do know it is about 90 minutes long and you WILL walk away with an education – and like the YouTube video, the playback speed can be adjusted via the settings.
How Safe is Cryptocurrency?
How safe is anything that only has the backing of the people using it as well as who created it?
And in this case, without any government standing beside or behind it?
How fickle will that backing be during turbulent or even cataclysmic events, such as say… Oh, I don’t know… a gold reset where ALL world currencies are removed from the FIAT currencies the now occupy the once gold backed systems before 1934? before 1913?
Why have countries favored FIAT currencies?
Currencies NOT backed by gold permit governments to manipulate their currencies to gain an export advantage – and the larger their economy, the more they can manipulate (placing China right at the top).
These countries can do such as with a gold-standard currency they can only print as much money as gold they hold – the only way to print more money is to harvest more gold (or buy it).
Let’s roll back the years to when the thought of cryptocurrency was first hatched – who and where did the idea hatch should tell you a lot about the ways and means they were expecting for such a currency.
How Did Cryptocurrency Start and Who Started It All?
The first such introduction of a global currency came from none other than The Rothschild owned magazine Economist in 1988.
No author is really attributed to the post, however, the Economist has been promoting cryptocurrencies in a ‘positive light’ since this 1988 post…
Here are the first 2 paragraphs their 2 page article, Get Ready for the Phoenix [PDF], which was originally published January 9th of 1988 (Vol. 306, pp 9-10)
“THIRTY years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency. Prices will be quoted not in dollars, yen or D-marks but in, let’s say, the phoenix. The phoenix will be favoured by companies and shoppers because it will be more convenient than today’s national currencies, which by then will seem a quaint cause of much disruption to economic life in the last twentieth century.
“At the beginning of 1988 this appears an outlandish prediction. Proposals for eventual monetary union proliferated five and ten years ago, but they hardly envisaged the setbacks of 1987. The governments of the big economies tried to move an inch or two towards a more managed system of exchange rates – a logical preliminary, it might seem, to radical monetary reform. For lack of co-operation in their underlying economic policies they bungled it horribly, and provoked the rise in interest rates that brought on the stock market crash of October. These events have chastened exchange-rate reformers. The market crash taught them that the pretence of policy co-operation can be worse than nothing, and that until real co-operation is feasible (i.e., until governments surrender some economic sovereignty) further attempts to peg currencies will flounder.“
Though not duly noted in the Economist at the time, the setbacks of 1987 it is most likely referring to the event on and following Monday, October 19, 1987 — often referred to as “Black Monday”– in which the stock markets globally crashed, shedding huge values in a very short time. At the time, I was working for State Street Global Securities and it was more like a Black Week than just a Black Monday as the HUGE losses went past just Monday and all had to be accounted for on each and every transaction, followed by just as huge
Thirty years from 1988 would be 2018 — and cryptocurrency has been around since 2008 when Bitcoin was first introduced.
Let’s add to all that, the Internal Revenue Service has been using bitcoin transaction tracing tools developed by startup Chainalysis since 2015, per documents obtained by the Daily Beast.
And if the IRS is tracing bitcoin transactions, just how far behind is the NSA doing the same?
And as with anything where a buck can be made, scams have been had — which is where you are really on your own we are not aware of any insurance companies that will protect users from cryptocurrencies.
Nice picture to paint, eh?
There ARE safe cryptocurrencies to be had, however, it will take you some work to find them – and you are best to find them while they are at the ground level before interest in their cryptocurrency increases.
Due to liability issues, that is all we are going to offer if you are going to buy cryptocurrencies – in other words, DO YOUR HOMEWORK…
How the Deep State Plans on Reigning In ALL Cryptocurrencies
Back to Zero Hedge and their warnings – more from that poDid The IMF Reveal That Cryptocurrency Is The New World Order End-Game? where the IMF is calling for a world currency as well…
“So what ties the entire crytpo-scheme together? The International Monetary Fund (IMF) has now openly revealed their affinity with crypto technology, and thus revealed the new world order end game.
“In a paper published last week by IMF head Christine Lagarde titled “Winds Of Change: The Case For New Digital Currency“, the IMF builds its argument for why central banks including the IMF should embrace crypto as the future of monetary policy.
You may want to be sure you read this ENTIRE post on ZeroHedge as well as Lagarde’s post as part of you decision-making process concerning cryptocurrencies – know your enemy as well as your friends (links above and in the source listing below).
The discussion in Christine Lagarde’s post is to integrate global regulations on virtual currencies and to force people who invested in the newly “illegal” currencies to convert to a new world order cryptocurrency.
What does that mean to the Central Banks under this plan?
Nothing – yet…
But you can believe that won’t last long as they favor borderless countries, borderless assistance, borderless everything.
Coincidence this is all happening only THIRTY years since their announcement of the phoenix in the Economist?
Do know in some of the more controlled nations, they’ve already banned bitcoin while in others integrated it into their systems (Malta, for example)
Beware of Growing Weeds in the Garden
Of course, there are going to be those what see a ways and means to their favor on how to manage, govern, and advise on cryptocurrencies – such as the Government Blockchain Association, which like the name Federal Reserve, has absolutely nothing to do with our Federal government but everything to do with control – in this case, cryptocurrency.
The future Central Bank for cryptocurrency?
Too early to tell — but given the history of the Deep State, who wants to wait to find out?
If you haven’t been noticing, a LOT of countries are now stock-piling gold – the U.S., China, Russia, Hungary, Poland, North as well as South Korea for starters…
It appears that as China and other countries are buying up gold to devalue the U.S. dollar, they know exactly what they are doing.
However, mismanaging their gold can and will lead to problems – one only needs to look at Turkey and especially Venezuela who now has a hyperinflation rate of 1,000,000% in spite of offering gold certificates for the very few that can afford them (most cannot even afford their monthly expenses for basic food).
There is a danger in all the countries building up their gold reserves as well — and mostly for the U.S. as our currency is currently considered a world currency for business and investing internationally.
The real crisis will occur should the Federal Reserve start printing unlimited FIAT dollars to pay off its debts.
ANY time a country does that, it ALWAYS brings about unwanted inflation – Venezuela, Zimbabwe, South Sudan, Sudan, Argentina, Liberia, Iran, Ethiopia, Haiti, Angola, Sierra Leone, Uzbekistan all have either consistently high or hyperinflation, all have made the same mistake.
To coin the phrase, they learned that hard way that money does not grow on trees.
So just WHAT is President Trump doing about all this?
Well, for starters, you never let the enemy know your plans – but some of the plans do become known, less the details of how they will come to fruition.
Most of you know there is talk about a gold reset – meaning ditching the FIAT currency and issuing gold-backed currency.
This WILL cause the price of gold and precious metals like silver and platinum to soar – personal assets like homes will most likely see an increase as well as now they are gold backed instead of backed by FIAT currencies.
Let’s face the fact, a gold reset has become necessary as the FIAT currency has depleted the value of the dollar to the point that what once a gold dollar could buy you would need at least $1500 today – seriously!
If you learned anything about the Federal Reserve elsewhere or from our videos above, this was the long-term intent of the Deep State so to gain control of the worlds currencies as well as the countries themselves, thereby creating the dream of a New World Order.
They are trying but the way things are happening lately – their dreams have been crushed.
Remember, since 1988 they have been saying multiple times that the the single world currency would arrived in 2018 – and with that, it meant the New World Order as well.
Yet, in September 2017 Jacob Rothschild, the patriarch of the family, was whining how President Trump was destroying decades (more like centuries) of Liberal policy that would destroy the New World Order.
Notice also their activities lately – LOTS of assets being sold off, and sold for a song.
In early 2018, the family sold a sizable estate in Austria – a 5,412-hectare parcel (approx 13,375 acres), known as Langau, that had been part of a massive swath of mountainous, densely wooded property Baron Albert von Rothschild, of the family’s Austrian line, bought in the southern part of Lower Austria in 1875.
It was so massive (almost the size of Manhattan) that is provided its own utilities – yet it was sold for US$112,350,000 – that’s US$8400 PER ACRE for PRIME real estate.
You can always determine just how troubled an organization, family, or person is by how fast they need to make a sale of very prime assets.
President Trump is sinking the Rothschild family and you can bet they are ticked!
Collectively, it is said the 100 wealthiest families of the Deep State have a GDP that is 27 TIMES that of the U.S. – and the U.S. has the largest GDP globally.
Given how well they hide their assets and cook their books, that figure of 27 times is an estimate – either way, their GDP is still larger than the U.S.
And given they are their own policy makers, that is NOT a good thing at ALL levels.
The Last Word
From our twitter conversations with Jon, he shares the truth of what the Deep State has for the future and intent of cryptocurrencies…
Given the post by Christine Lagarde of the IMF, what is there left to say?
Lastly, President Trump has made his position known via twitter as well…
Needless to say this post, for the most part, does not take a very positive outlook for cryptocurrency even though – for the moment – a proper and strategic investment plan could provide some healthy profits.
The Deep Start is definitely targeting cryptocurrency but seem to be keep a distance for right now.
For how long?
Our guess – and that of Jon Vaughn – is probably until near the elections 202 elections, especially as Trump is sure to win again and the GOP could – if they keep their act together – create the largest red tide this country has ever seen.
The GOP is debt free and FLUSH in cash right now ($65 million +) and the Democrat party, after their debts, has a measly $2 to 3 million…
Such a red tide would all and most likely destroy the Democrat party – the bastard child of the Deep State.
President Trump will NOT tip his cards when making a move and anytime he broadcasts a move before hand you can bet it is disinformation to send the MSM and Deep State scurrying as well as focusing elsewhere.
Meanwhile, the back door is open and not very well guarded.
If you are in cryptocurrency, be prepared to pull out but not just yet – again, this is an educated guess and not legal investment advice.
SEE what you are looking at when reading the headlines – HEAR what you listening to when listening to the news…
Watch the shell game, not the shells…
And above all else, get your relationship with God where it should be — as well as seek His wisdom at ALL times, in ALL things.
(1) What Is Cryptocurrency? – Dummies
(2) Did The IMF Reveal That Cryptocurrency Is The New World Order End-Game? – ZeroHedge, 11-Nov-2018 [ archive ]
(3) How The Federal Reserve Enslaved Us | Behind the Deep State – The New American Videos, November 2019
(4) Century of Enslavement: The History of the Federal Reserve – The Corbertt Report (video), October 2018
(5) FIAT money – Investopedia
(6) Get Ready for the Phoenix [PDF] – Economist January 9th, 1988 (Vol. 306, pp 9-10)
(6) What Caused Black Monday: The Stock Market Crash of 1987? -Investopedia
(7) What Is SHA-256 And How Is It Related to Bitcoin? – MyCryptopedia, November 2018
(8) Hash Function – technopedia
(9) The IRS Has Been Using Bitcoin Tracking Software Since 2015 – CoinDesk, August 2017 [ archive ]
(10) Winds Of Change: The Case For New Digital Currency – IMF, November 2018 [ archive ]
(11) Malta Begins Blockchain Regulation – Grande Vegas Casino, March 2018
(12) Trump Fed pick wants to revive the gold standard. Here’s what that means. – CBS MoneyMarket, July 2019
(13) Countries are Stockpiling Gold – SGT Report, 2018
(14) Countries Are Beginning To Stockpile Gold – ZeroHedge, [ archive ]
(15) Inflation Rate – Trading Economics
(16) Lord Rothschild: Trump Is Threatening To Destroy The New World Order – NewsPunch, September 2017
About Jon Vaughn
You can follow Jon on twitter, just click the following image then click the follow button…