Interesting "NewCoin" Future World of Money Article on Zerohedge
With the interviewee (whose real name remains anonymous) has "Mr S. Tzu" suggesting a North vs. South Hemisphere of Trade to "Pepe Escobar" (possibly a pseudonym as well.) settled with parallel competing external and internal systems both partly anchored by gold, exchanging "newcoin'.
"Mr. S. Tzu" suggests there will be in the near future two competing "external"(crypto) and "internal"(CBDCs partly gold backed) settlement systems handling the transaction flows for balance of payments between countries , in parallel, replacing the current fiat disaster which has run its course.
Hmm..,
The crypto "external money world" is what we (sort of) have now, non?
Digging into this article a bit further as to who is the inspiration behind this 'Future World of Money' model reveals a lesser known RU name
Among other things Glazyev is both RU and UKR mixed blood with some very candid 'first hand experience' views of what is going on today.
Glazyev's position in his presidential run against Putin in 2004 sums up nicely his vision of the world (per the Wikipedia link)
" Glazyev portrayed himself as a champion of social justice and an opponent of political corruption, particularly in the form of the Russian oligarchs. He pledged to write a guarantee of a high standard of living into the constitution, provide universal health care and free public education, triple the minimum wage, protect the rights of trade unions, redistribute the wealth belonging to the oligarchs, and increase economic growth. He also promised to eradicate the notorious Russian Mafia, purge corrupt bureaucrats and police, and protect the country from terrorism. This platform proved to be moderately popular, and Glazyev received 2,826,641 votes, or 4.1%–third place out of a field of six."
Interestingly Obama sanctioned Glazyev in 2014, likely because he knows exactly what is going on in 'the Ukraine".
#Glazyev at first glance comes off as an Altruistic Idealist, but digging a bit further it's clear he has at least a seat at Putin's table on how the "#Newcoin' system will be engineered and be deployed.
Keep in mind the RU International Ruble is already backed by #Gold and CN also has like RU, a huge gold supply capable of supporting a gold backed CN CBDC.
Those two facts plus the fact RU+ CN + the rest of the #BRICS and #AsiaPac are now together larger than the Western World current economy running International settlements on Swift and IBAN, it's clear to see the fiat inflationary US $ will not be around much longer as means of settlement in those parts of the world.
So what.
as in "What does this likely "Newcoin' Future World of Parallel external and internal Money Settlement systems connecting and enabling the North and South Hemispheres of apparently "Run proof" "Transparent" Trade really mean to the crypto investor today and the current crop of crypto contenders at the top of the cryptosphere market cap table?
Well one thing is for sure, with the SVB Silicon Valley Bank Insolvency Meltdown Contagion spreading fast we can see by the list mentioned in this other ZeroHedge article posted Friday, March 10th, that some crypto projects connected to SVB are in for a world of "reserve adjustment" hurt.
Stablecoins: The Next Crypto Meltdown?
The article also points out #Circle 's #USDC is in for a world of "reserve adjustment" hurt.
- USDC - Crypto Stablecoin run by Circle - Silicon Valley Bank is one of six banking partners Circle uses for managing the ~25% portion of #USDC reserves held in cash. While we await clarity on how the FDIC receivership of SVB will impact its depositors, Circle & USDC continue to operate normally."
Seriously? how can Circle and #USDC 'operate normally' when 25% of their reserve position is gone? WTF!
Whoops I guess I was right... per Coingecko USDC reporting
Who do we thank? (NOT!)
Those instructing Jamie Dimon and JP Morgan Chase to "pull the trigger" on #SVB. Hmm who could that be...
Interesting Blackrock is a big holder of JPM and yet, they are also in a US Bankruptcy Protection Chapter 11 state, with CEO (rat)Fink busy re-organizing (screwing) their creditors..
So It's "game on" crypto investors so get going!
Protect yourselves
A couple of advice bullets:
1 Move your fiat positions to credit unions to avoid bail-ins orchestrated by S&L Banks and Big Banks, coming our way now..
2 Move some of your NEW credit union positions into gold and silver
3 Cash out on Stablecoins and any company who has any risk directly associated to SVBs Meltdown.
4 Start using private coins like #Monero, #ARRR and even #DERO for P2P settlements where you can. #DASH & #ZCash are still important imo.
5. Invest wisely in cryptos that support different types of hard store of value backing of tokens. #STELLAR comes to mind..
6. #Interchain crypto investments will be very important in creating the external money world so #COSMOS #ATOM,# CHAINLINK et al make a lot of sense as investments having big upsides in front of them.
7. Stock-up on Dry Goods and Seeds and get a garden growing this Spring.
8. 'Flip the bird' to #CBDCs every chance you get in social media. The govt is never your friend.
Invest safely everyone
TK over and out.
