This is justification for what I have been saying for a year or more –
blockchain chain technology and cryptocurrencies are evil and will
usher in a cashless society. If some of what I am about say sounds harsh
it is because we are discussing our lives – not just our financial
lives, but our ability to have the life we dream about, hope for and
work to obtain.
As we have pointed out, especially over the past few months, the too
big to jail banks, IMF, United Nations and BIS have all been encircling
blockchain technology, not for the purposes of condemning but rather to
announce their intention of embracing. No one, except Chris Duane and
myself, have questioned any of these moves by the very criminals that so
many of us report on each and every day.
Over the past few weeks it has become clear the people that embrace
cryptocurrencies have become blind with profits, and to a degree it’s
understandable as a lot of the people have this misguided perception
they “have lost money on their investment” in precious metals. This
proves how little most of the people understand precious metals and the
role they play in our lives and makes one question their depth of
knowledge regarding this new technology that has the potential to
enslave the world, never to breathe free air again. But, the
cheerleading continues unabated with few questions being ask.
We spent most of 2016 researching the SDR (Special Drawing Rights),
fiat currency created by the IMF for the purpose of global trade
settlement. We interviewed a number of people on this topic, including
Jim Rickards and Willem Middelkoop
two of the most studied people on this topic. It became quite clear the
SDR was going to be an important piece of the monetary puzzle in the
near future and we were attempting to keep people informed as to it’s
changes and the potential impact on our everyday lives. Now we learn,
that all the research was not in vain. We hope people were paying
attention.
August 8: Lynette Zang, ITM Trading, released her latest video covering
one of the new cryptocurrencies, ACChain. This, unlike other
cryptocurrencies has the full backing of the Chinese government and is
going to be tied directly to the SDR. This is, by far, one of my
greatest fears coming to fruition and should have your full undivided
attention. This is, in fact, a global digital currency that could be
used at ground zero – where you and I stand.
In 2011 the IMF gave us an outline of, both their goals and, how they would roll the SDR out in global trade.
…they talk about the need for an international monetary reform; and
that’s because they knew that the system died in 2008 and was put on
life support. So, they [the IMF] needed to buy some time to create the
next money standard.
They also needed to create a new class of SDR “the tradable” SDR’s
as a reserve asset. In addition they’re looking to utilize the SDR as a
global unit of account.
Which means that all assets would be valued in terms of SDR.
Right now they’re valued in terms of dollars (Federal Reserve Notes).
So, they want to take it from a dollar centric monetary system to an SDR
centric monetary system, but there needs to be a standard shift as
well.
Our current monetary system died in 2008 when the derivatives market
imploded taking out Lehman Brothers and AIG. The systemic damage was
spreading so quickly the American people were held at gun point by the
Federal Reserve and their minions, the too big to jail banks. As
Warren Buffett so infamously stated “derivatives are financial weapons of mass destruction”. The only thing Buffett has ever said of real value.
Derivatives blew the system apart and the top 0.01% have been
stealing as much wealth from the citizens around the world as humanly
possible. The American stock markets have not been moving to the upside
over five years to benefit the people. This has been generated by the
Federal Reserve in order to transfer our wealth to their balance sheet.
When the time is right the Dow Jones, S&P and NASDAQ will free fall
unlike anything ever seen before. The criminal banksters and their
scummy minions will then scoop up all the stocks at very discounted
prices using the profits from the sale of the same stock from the
dizzying heights they have created with all the QE funds stolen from the
American people.
The above is one of the first steps, with a great many others already in place, that are well documented.
This massive drop in the stock markets will lay the ground work for a
panic by the average citizen who’s wealth just dropped by more than
50%, probably closer to 75%, never to return. Unlike in 2008 when the
Federal Reserve, and the too big to jail banks, demanded a $750 BILLION
ransom, this time around the problem will be far larger than the central
banks can handle. The volume of wealth transfer is going to be
breath-taking.
Once all assets are valued in SDRs, they want all currencies to be “pegged” to the SDR. ~Lynette Zang
As we have discussed on a number of occasions, if cash is part of the
monetary system, negative interest rates will not work. If people have
the option of using cash and staying outside the banking system, the
banksters can not charge us fees for having any wealth. We’re not
even talking about wealth, just the ways and means of sustaining ones
life – paying bills, putting gas in the car, food – is going to have a
fee attached to it by the banks – this is called “negative interest
rates” which is an absolute lie as “negative interest rates” do not and
can not exist. It is theft, plain and simple. But “negative interest
rates” hides this fact and are words that most people will accept. If
the banksters came out said “we are now going to charge you a fee for
having funds in our bank” people would revolt and this is the reason for
creating a digital currency. There is no other reason for digital
currency to exist.
As the Director of China’s Central Bank stated in March 2017
“If everyone is holding cash, negative interest rates become useless,” Zhou was cited as saying
(link in Chinese) at the Boao Forum, an annual conference in Hainan
province. “With the popularity of digital currency, cash usage will drop
significantly… During extreme deflation, negative interest rates are
perhaps more useful than dropping money from helicopter
s.”
With most central banks close to, or currently at zero interest
rates, going negative requires a new set of rules. The new set of rules
have been laid out and will be implemented over the coming months.
Moving to a digital currency is required to force people into the
banking system. One needs to look no further than
the scheme India introduced
in 2016 when they outlawed the two largest bank notes, which made up
86% of all cash in India, and forced the citizens to open a bank account
to exchange the outlawed currency for the newly issued replacement
currency. This was a trial run on a massive scale.
If the banking system doesn’t force people into digital currency they
will simply go to the bank and liquidate their accounts into cash. It
would allow people to, at least, keep their funds. So, outlawing/banning
cash is a key element in making this scheme of enslavement work
properly.
In May 2017 China introduced ACC – Asset Collection Chain or ACChain.
Welcome to the one world digital currency that lives on the
blockchain and utilizes a “token” system that looks, acts and functions a
lot like bitcoin.
ACC could also be Anti-Christ Coin you decide what it is. Notice the
person running through a pyramid and how the Federal Reserve Note and
Chinese Renminbi are one side of the slide and all other currencies are
on the opposite side? The pyramid is a one of the most used symbols by
the globalist – just look on the back of any Federal Reserve Note for
confirmation. Below the pyramid is the following statement – “Blockchain
– The devil uses it to destroy the world.” What is that about?
I have been sickened by the whole blockchain, cryptocurrency thing
for the past several months and now we can all see why. People have been
attacking me by email, in comment sections on YouTube saying I don’t
know what I’m talking about, learn about the technology before you
speak, “this is the greatest invention since fire”. Well, maybe now all
these haters will come to realize that maybe, just maybe, being on the
same team as BNY Mellon, BIS, IMF and Blythe Masters may have
consequences.
Be on the look out for an economic shift within the next 18 months. I
feel confident there are but a few pieces of the puzzle remaining to be
put into place and once the picture is complete – this has the
potential to change our lives forever.
Lynette Zang breaks it all down and then goes on SGTReport to share with his audience.
 
|
Rory Hall, Editor-in-Chief of The Daily Coin, has written over 700 articles and produced more than 200 videos about the precious metals market, economic and monetary policies as well as geopolitical events since 1987. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver and Silver Doctors, SGTReport, just to name a few. Rory has contributed daily to SGTReport since 2012. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Visit The Daily Coin website and The Daily Coin YouTube channels to enjoy original and some of the best economic, precious metals, geopolitical and preparedness news from around the world.
|
The author is not affiliated with, endorsed or sponsored by Sprott Money Ltd. The views and opinions expressed in this material are those of the author or guest speaker, are subject to change and may not necessarily reflect the opinions of Sprott Money Ltd. Sprott Money does not guarantee the accuracy, completeness, timeliness and reliability of the information or any results from its use.
