WHAT IS THE INTERNATIONAL MONETARY FUND (IMF)?
What They Think They Are
THE International Monetary Fund (IMF), is a subsidiary of the United Nations, an international organisation consisting of 189 countries across the globe functioning to global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world - according to their website. The initial formation of the IMF consisted of 29 member countries in 1945 with the primary objective to reconstruct the international payment system. As of today it's main function is to manage the balance of payments difficulties and international financial crises.
What They Actually Are
The IMF, an unelected organisation, constructed not by government, but in-fact two economists. Harry Dexter White, an American economist who worked for the U.S. Treasury and also U.S. traitor, who was actually colluding with the Soviet Union by giving them classified U.S. secrets. John Maynard Keynes, a British economist, once the Director of the Bank of England is the author behind Keynesian Economics, a method of capitalism which seriously promotes the use of central bank and government intervention during a financial crisis so that large organisations do not fail in order to control the effects of civil unrest during and after a financial crisis.
Wow - That sounds really really really familiar now doesn't it? I will give you a hint, 2008.
IMF'S WAR ON CRYPTOCURRENCY
Their Statement
The IMF have released a report that concentrates on the expansion of the decentralized international payments industry - Cryptocurrencies. They want to to start incorporating distributed ledger technology, which is has been expressed as having the “potential to offer important service improvements and costs savings.” Most of the report published by the IMF attempts to classify outline the Cryptocurrency industry by focusing on key concerns and recommendations with respect to the regulators and lawmakers.
What's Actually Going On
Their report is 'providing scrutiny' of Cryptocurrency technology, and the potential interference that may have for the financial industry, lawmakers, and governments. They are trying to impose banking and anti-money laundering regulations, and anti-bribery compliant for proposed agents, consultants, or distributors. In addition, regulatory oversight must be in place for all Cryptocurrency development which would result in Cryptocurrency white papers being tailored for government, not customers. The report also describes Bitcoin as a, "Permission-less open scheme that could be very disruptive if successfully implemented.". Alternatively, their proposed version of the distributed ledger technology was immensely favored, described as such, "Permission-ed distributed ledger technology has a validation process… [that is] controlled by a pre-selected group of participants (‘consortium’) or managed by one organization (‘fully-private’)" - therefore, not decentrilsed currency.
More details of the report were described as such, "distributed ledger technology records the transfer of ownership of ‘digital tokens’, which are essentially units in a ledger. They can either have intrinsic value (an ‘intrinsic token’ like Bitcoin), or be digital representations of a physical or digital asset that exists outside the ledger (an ‘asset-based token’, representing an interest in another asset, such as securities)" - therefore splitting tokens into two categories, intrinsic tokens and asset-based tokens. By doing this the opportunity to create specific law binding frameworks for tokens that have been distributed by a project that is undergoing an Initial Coin Offering (ICO) so that regulators can massively restrict the proliferation of ICOs, and tokens tied to a platform that is an existing and live platform.
What Should We Do
Government is there to SERVE THE PEOPLE of its country, without people there is no government, people are the blood, sweat, and tears of a country. This is going to be the start of a new era in the history of modern civilisation, and all of you reading this are the pioneers behind this incredible revolution. Governments all over the world have enslaved themselves and their people to the financial system we see around us, it is ultimately up to you how and what your government looks like and it is also up to you what. I encourage everyone to urge your government to resist the temptation to carry on with this despicable system, never give up on this journey we have all embarked on together. Keep your Cryptocurrencies safe, and out of the hands of the central and investment banks as they are declaring war on our movement.
Ultimately everyone has a choice in their life, we can either continue with the current system whereby war and greed supersedes the need to innovate, inspire, and prosperity for all people, not just for the few. Or we can fight the current system just by CHOOSING not to use it, as consumerism is what fuels their power, we can continue to innovate and provide solutions that will change the world for the better not for worse.
I hope, I have inspired you, like you all have inspired me to contribute to this revolution.
Thank you for reading!Let me know what you think in the comments below! If you liked this post please like it, resteem, and follow!
The Dajboz
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