+$10 Trillion Power Industry..!!
Just so there is no mistake, and no your eyes are not playing tricks, this does say $10 Trillion..!!
So that there is also no mistake, this compares to the Current Global GDP of approx $75 Trillion, a Global Asset Valuation of approx $275 Trillion, a current Global Debt of $270 Trillion, and a Global UNFUNDED LIABILITY of over $750 Trillion.
Let me explain how..!!
Most people are currently valuing everything in the $USD. This will change shortly.
As everyone knows the $USD is in effect a DEBT NOTE and therefore current valuations are measured against the US DEBT.
Soon the IMF will be issuing SDR Bonds which will in essence roll up Toxic Debt from Central Banks to the IMF's Balance Sheet.
Most of you who know me know that in the future Global DERIVATIVES will be put on to the BLOCKCHAIN and by doing so will be used to create a new Global Derivative Digital Currency that will replace the $USD as the Global Reserve Currency.
While all this is going on, in the background Social Media is undertaking a revolutionary journey of a lifetime.
STEEMIT is at the forefront of the pack on this journey and is leading the way towards Industry Wide "Paid-To-Post" Social Media.
Currently Facebook is worth approx $350 Billion and has approx 1.2 Billion users. That equates to approx $290 per user of valuation.
But as explained above this valuation is solely based on valuing it against the US DEBT.
BLOCKCHAIN is about to change all this.
With the help of BLOCKCHAIN and CryptoCurrency all Social Media Sites will soon be rewarding the users for their content, sharing, likes and dislikes in their own CrytptoCurrency.
Just like STEEMIT soon you will have a FACEBOOK dollar, a TWITTER dollar, an INSTAGRAM dollar ....you get the picture..!!
These Individual Social Media CryptoCurrencies will be powered by an Universal Engine we all know as the BLOCKCHAIN and will have a common exchange to the Bitcoin.
That's right, ALL sites will be fitted with the same Engine. It will be up to the site to decide how their Engine is tuned. A bit like the Formula One Teams..!!
The fuel, well that's the easy bit, this will be the CONTENT..!! Posts, blogs, videos, contents, like, dislikes.....etc.
The future of Social Media is not tomorrow, it's here today. It's happening right now..!!
When all the BLOCKCHAIN Engines are fitted, the trailers are ready to be filled with Bitcoins, it will be up to the users to provide the fuel for the journey.
The better the CONTENT, the more power will be sent to the BLOCKCHAIN Engine..!!
It's time to rethink the way Assets are valued and start forgetting about the $USD as a benchmark for the measure of value.
That is why soon Global Social Media will be a +$10 Trillion POWER INDUSTRY..!!
Thanks for reading and feel free to share.
Stephen
Finally a small breakthrough for you sir. I think you deserve more! Congrats!
Thanks. I appreciate your comment and support. Stephen
hi great visionary post !! I concur with your image of paid social media trends !! But this I still find worrying " Soon the IMF will be issuing SDR Bonds which will in essence roll up Toxic Debt from Central Banks to the IMF's Balance Sheet..........i dont like this organization and they are very dangerous. I would prefer another more decentralized control of world money than this bunch of .....well stinkers !! could that be possible a decentralized control of money ?? a question. Where nobody in particular stands to gain from the perfect control of financial matters other than everybody who uses this system.
The IMF SDRs will be a temporary thing while the Blockchain Derivatives Digital Currency is put in place. Expect a rough ride in the next 0-3 years. Cheers. Stephen
I looked this up SDR,S ...An SDR is essentially an artificial currency used by the IMF and is basket of national currencies. The IMF uses SDRs for internal accounting purposes. SDRs are allocated by the IMF to its member countries and are backed by the full faith and credit of the member countries' governments.........so in short the IMF will catch falling economies who have not sufficient proof of tangible reserves of gold to back their national lending, so by signing their " good faith ! to the SDR lending agreement lose their sovereignty and will serve this debt in interest no doubt ad infinitum. , the most recent example being Greece !
I think you cannot help or certainly solve debt of a country by simply adding to it with interest payments on a " band aid " fixing of their economy!!There must be another way surely ? here is a link for others on SDR,S and what they are and will mean !! http://www.investopedia.com/terms/i/international-reserves.asp
You have done your homework. Commercial Banks roll up their garbage to Central Banks and then Central Banks roll up their garbage to the IMF. The BIG problem we now have is that the IMF is issuing SDR BONDS like confetti. When these default AND THEY WILL ... Who they roll their garbage up to? The Mars Bank?? This is a BIG BIG BIG problem.
yes clearly we are all in serious trouble due to the trend since the late eighties of spend ,spend ,spend with little or no thought on who will pay our debts !! I suppose the solution as ever will be war as in the great war and the second ! Sad how history repeats like some old scratched record !!
Well yes I think we can expect a rough ride when again i say, we leave these " people " in control of world monetary supply and regulation ! So what do you see exactly ahead Steven. Me thinks you know far more than you say !! Or perhaps we should await your next post ? ) I am following now Stephen and looking forward to more of your economic insight !!
Ever changing world we live in.
Absolutely. Most people are stuck in the 00's. Some havn't even left the 70's and 80's. I think it's only the Steemians that are in the 2020's. ;) ;). Cheers. Stephen
Excellent read, Stephen! Look forward to comparing more notes on the future (or non-future) of this current global debt system and how it will affect every aspect of our being, from the way we do business to the way we even think. Kudos!
as you say Stephen, easy upvote :)
Thanks. I appreciate the support. Cheers. Stephen
It's good to finally see you get a respectable upvote. I love your vision for the future of crypto based social media.
Thanks. I appreciate the support. Nice to see I finally got off the $0.10's. ;) ;) 23 upvotes happy with that. Hopefully this post will help more appreciate that the $USD is finally on it's way out and will shortly loose it's Reserve Status. Cheers. Stephen
When the dollar collapses a lot of things will cost much more. In Venezuela they can hardly buy anything with their currency.
I agree. It's now not a matter of if, its a matter of when the dollar collapse happens. Personally I see it began on August 24, 2015 and we are in the last legs of it. That's why GOLD and SILVER are so bullish. Thanks for the support. Cheers. Stephen
Great post
Thanks. Happy to upvote. Following and looking forward to reading your posts. Catch us also on Twitter Twitter✔. Cheers. Stephen
Hey, good points here. Thanks for elucidating. I got your comment on my post about Steemit and now Follow you on Twitter and here. Take care. Peace. Upvoted. I also shared to my FB page.
That's great I really appreciate you sharing it. Cheers. Stephen.
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im trying to make social movements