Have you ever wondered what it would take to turn a world upside down? Yes, I have and like most crisis’s in our lives, our financial health usually plays a role. I am an avid watcher of world news and I love listening to the financial reports from every corner of the Now referred to as a global community.
I’m starting to see a trend. Every so many years in our history we can see that there has always been a favored and most widely used form of currency, without a long history lesson it suffices me to say there has always been gold and silver being the currency and longest store of value but as of our lifetimes the US dollar has played the dominant world currency since 1944.
Things are changing and I want to suggest a thought as of late and again my opinion.
I am a proponent of free speech, free market, free will, only through a variation and the spirit of trial and error will we and do we move forward.
UNLESS YOU LIVE UNDER A ROCK WE CAN’T HELP BUT NOTICE A GENERATION OF GLOBAL PROPORTION THAT IS UNSATISFIED WITH THE STATUS QUO. 80’s ROCKSTAR TWISTED SISTER SAID IT BEST “WE’RE NOT GOING TO TAKE IT ANY MORE” PEOPLE ARE SPEAKING OUT, I WISH SOME WOULD JUST KEEP THEIR MOUTHS SHUT BUT THAT’S MY POINT EXACTLY NO MATTER THE OUTCRY OR THE DISAPPROVAL OR PRAISE WE ARE BOMBARDED WITH OPINIONS AND EARTH SHATTERING DEMANDS, MY OPINION ON SOME OF THOSE DEMANDS ARE DEFINITELY BEST LEFT FOR ANOTHER TIME, but that is the point, freedom.
Over the last number of years there has been the talk of currency variations, be it the return of the gold backed the Petro back the Amero dollar and or variations of others.
With little or no fanfare in 2009 on to a global stage greatly unnoticed appeared the Bitcoin. A cryptocurrency that was a novel idea that pretty much faded away until late 2016 where it started a helium-like projectile. Attention is given by a suggested baby boomer generation but the underlying weight of this new form of currency was the “I can’t take it anymore “generation. A currency toted for its anonymous nature non-manipulative decentralized system of trade. Largely unnoticed but gaining the eye of the 1 % as it tipped the $21,000 per coin in nov-dec of 2017. Why would an idea that became an over 300 Billion Market Cap Grab the attention of a 1% mentality? It can’t be manipulated they all agree on that, it is limited so there would be no quantitative easing, or printed into oblivion. No fees, no denial of transactions, no daily limits potential. And largely private.
So why do I see this as opinion worthy? Our common sense tells us if there’s a fear of something it is usually for two reasons.
One is the unknown, in this case not an unknown of the technology that’s proven and proof of work tested and in my opinion in the eight-track stage of evolution great at the time but going to get better. Not of what it can accomplish globally and to 98% of the population, an enabling of financial access to anyone anywhere at any time. No, it's fearful because the 1 % can not figure out how to manipulate a profit from this cryptocurrency. Sure, there are fees coming and going that’s the cost of business but that’s not a large enough piece for our big banks and financially gluttonous fat cats whose self-importance clouds their judgment. If the nature of the asset can’t be manipulated they have systematically schemed to FUD (fear, uncertainty, and doubt) the idea of something better and manipulate the news of said asset. While all the time it is known how they are accumulating. So, is there a need to push forward with a payment system to perform Exactly what it was created for and precisely what the 98% want?
Status quo has to go and it won’t be accepted any longer.
it's fearful because the 1 % can not figure out how to manipulate a profit from this cryptocurrency
For months the talking heads scoff at the idea of a global cryptocurrency never mind the problems it solves. Economists would have us believe it is a fairy tale to think the all mighty central bank is a less than the superior system, what does this remind us of. how many times are we led by the nose to what our country needs what is best, For who? That’s always been my question. Let’s slow the economy by raising interest rates. let speed the spending by lowering the cost of borrowing Talk about manipulation.
An interesting side note, this may be where some will need to run for a safe space. Donald Trump this past week criticized the fed for increasing interest rates too fast. What does he care is that not an indicator of his success? Couldn’t he have paraded that as a win for his policies and promises? The market has been on a tare. But instead, let’s look at it from the point of view of a narcissist. Good or bad this is an observation, Pres Trump thrives off of praise, he likes nothing more than to be able to point to his past quotes to have the appearance of prior knowledge and wisdom. So, to criticize a body such as the Central bank who he has no business politicizing could there be ulterior motives. Another point he made earlier this month an off the cuff remark that we could become another Venezuela. Curious to me why the mentions if you are trying to ride out your success and point out the past wins. Does he know or suspect something we don’t.? Why project a caution unless you could profit from it in the near future. Everyone likes to say “I told you so”. carious.
Maybe there are others more in the know than me but it is my opinion that there will be a new global currency added in the near future, there is too much uneasiness and the financial world is so upside down that there are few options of air again. we can’t take this any longer there are options worthy of our attention and support. We are that generation, as in our own personal lives we are responsible for our future and with that comes the responsibility of learning and sharing,
