Cashless Society

When will the world economy come crashing down

By Ghengis | CryptoLowDown | 22 Jan 2020


For many years now, I have been struggling to understand the world economy.  Firstly, in 1971 when then President Richard Nixon removed the US Dollar from the Gold Standard, thereby making it Fiat Currency (Fiat is Latin for "by decree").  Then, the push starting in the 70s for globalisation (Yes, I'm really old and I remember that).  Australia (my home country although I don't live there any more) started importing cheaper overseas goods that absolutely killed local manufacturing and made farming even more difficult for farmers to survive. 

Then Australia (and other countries) went from printing their own money to borrowing from Central Banks.  If you don't already know, Central Banks are private institutions owned by the (not so) Elite.  So now, instead of storing gold and using that to enable you to print more money, countries now borrow from a private institution.  Borrowings have reached such ridiculous levels (The US debt is 23 or 24 Trillion now) that they can never be repaid.

What is their end game?

It's not money, the Rothschilds, Rockefellers et al already have more money than  they could possibly spend in 100 lifetimes.   So what is it?  The only conclusion I can come to is power.  Once you have a certain amount of money (which I don't have yet!) You don't need money.  After that it becomes a game, to try and be the best, better than your competitors. After that, it becomes power.  As they say "Power corrupts, absolute power corrupts absolutely".

Power corrupts, absolute power corrupts absolutely

Then I saw this video from a guy named George Gammon.  He is a Real Estate investor in the US and Columbia.  Take the time to watch it, it is truly eye opening.

In summary (in case you didn't watch the video) 

Negative interest rates discourage people from saving money.  Banks need a certain amount of cash reserves and deposits to enable them to lend money.  This means small banks (who serve the "real economy") are going to merge, close branches and eventually close down.  This leaves only the big banks, who are more interested in the financial economy rather than the real economy. 

Once the small banks are gone, they will force the average person to deal with the big banks and they will begin to invest in the financial economy.  With all the money going into and growing the already overinflated financial economy and the real economy shrinking, it will eventually burst.  Then, when the big banks go to get bailed out, the Governments and Central Banks will refuse.  All the money and power is then in the hands of the Central Banks. With 100% control of the money and the credit, they control YOU.

Central Control 

Once money has gone and it is all digital, the talking heads in the bank's PR department assisted by the enfeebled media will begin suggesting that for your security and safety (if you lose your card you're in trouble) microchipping is recommended.

Welcome to 1984

 

 

How do you rate this article?

0


Ghengis
Ghengis

A recent investor in Crypto Currency but have followed crypto for some years. IT background and keen photographer and healthy LCHF eating advocate. Australian living in Vietnam.


CryptoLowDown
CryptoLowDown

Information, News and thoughts on the Crypto marketplace. I'm not a financial advisor, just a Crypto enthusiast and businessman enabling people in Vietnam to buy and sell crypto. Https://themobilecryptotraders.com

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.