In this video, I talk with author and economic analyst John Sneisen about the recent threats from Treasury Secretary Mnuchin that the US will "cut China off" from the US dollar.
This threat is meant to force China to uphold North Korean sanctions, but with the excuse aside, it's the perfect storm for China and the international order.
As the IMF talks about moving to Beijing, China in the next few years, China is leading the world in their technocratic agenda towards a cashless society which is to be implemented into the SDR creating a global cashless society.
The power shift to China is enormous and this recent development is a perfect situation for the global order. It's exactly what China wants and exactly what the US establishment wants. This also echoes the sentiments of UN Secretary to Trump, Nikki Haley.
Let's not forget that countless countries have done currency swaps away from the USD in recent years. This isn't new. The fact is, the world reserve currency, the USD is ready to crash to the ground and that's going to bring the global fiat empire down.
The establishment is desperate to move towards their centrally planned cashless society before this happens as they know this will lead to a revolt.
As the Fed attempts to raise interest rates high enough to drop them out when the dollar crashes in order to save the currency, they cannot do it enough and it will lead to negative interest rates. This will be the end as we know it of the Fed's fiat IOU. But if the global establishment can bring upon a global centrally planned cashless society, it will become quite simple to control the entire populace with debt and surveillance.
If your money's in the bank, it's not yours, it's the bank's. If your money is always going through the bank via legal tender laws, central planning and digital transactions, you never hold it, it's ALWAYS the bank's and it's NEVER yours! They can track everything you do and ensure that any remnants of a free market is reduced to dust.
We cannot allow this agenda to be fulfilled!
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This is scary stuff happening. Not good at all...
It seems cryptos arrived on the scene at the most inopportune time for the fiat overlords.
It is dead already. There will be no recovery.
Thank you for your continued posts about these subjects @joshsigurdon.
I am in the process of moving my savings from USD to crypto. Since I live in the US and still will need dollars, some of my reserve will be retained in that. However, the majority of it is moving to alt currencies. At least when they go down we know about it. The banks rigged the system so that nobody is aware that the dollar is declining in value (which it has for 100 years).
Remind me how long the central bank has been around......
There might be a coincidence somewhere in there.
This is really serious. Nice post there.
Prepare for the day when your fiat currency buys nothing. I would not depend on crypto either. Banks are the real government, and banks control payment systems.
Hello, How are you?
I am new here at Steemit. Let's be friend in steemit. I hope to learn from you....
Lets follow each other and have fun.
Best Regards.
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Today's crypto-currency is lagging Holistic Approach to Information Security:
https://steemit.com/blockchain/@pkswe9/today-s-crypto-currency-is-lagging-holistic-approach-to-information-security