We celebrate #BCH as an alternative to storing paper currencies, as a hedge against inflation, freedom and more security. Best of all, we are able to earn it here on read.cash. As we continue to see, hear and read about world events occurring around us, it is not burdensome to conclude that our lives are increasingly being molded under a globalist umbrella, one where 1% of the world's elite set the tone of our future.
Fiat currency
Many economists argue that all modern money is simply fiat currency. History reveals that fiat currency has existed since the 10th century, beginning in China. It then spread to other countries around the world. Fiat currency is money that possesses a dire lack of intrinsic value and is printed for the purpose of being legal tender by any government regulating it. We know our respective fiat currency as paper money, those filthy bills laden with germs.
Intrinsic? Yes, this means that our respective paper currency, formerly backed by gold or silver (depending on the country), is now backed by a country's power, as well as supply and demand. Presently, the US dollar is the world currency of choice among bankers and trade, but it is in serious decline.
The century old dominance of the dollar is waning, as the Chinese yuan, Japanese yen and the Euro are gaining momentum in the financial sector, all seeking to replace the dollar as the world reserve currency. Additionally, the dollar has lost some 25% of its reserve status, now pegged at 59%. The future of the dollar does not bode well.
Crypto
The rise of cryptocurrencies happened as a result of the 2008 global recession and continues today. Taxpayers and investors did not want (and do not want) to be left holding the bag again for their governments, especially after bailing out large corporations and financial institutions.
New crypto currencies pop up and gather a following. Some fail, some succeed. It is estimated that in excess of 7,800 cryptocurrencies are in existence as of this writing. You likely haven't heard of 7,700 or more of them.
Bank of England
Enter the Bank of England. This institution has a long, storied history. Trust me, most of its history is far from good and many aspects of it are down right manipulative and evil.
Noting the rising default on government bonds, and its' continuation into the future, the Bank of England has floated the concept of a Supranational digital currency.
Supranational is defined by #Merriam Webster means "transcending national boundaries, authority, or interests."
Read that again, friends. Slowly. Let it sink in. It simply means that the Bank of England is seeking to topple the dollar and produce a digital currency the entire world governments could use.
Proof
The idea of a universal currency is not conjecture but rather on its way to becoming factual, and the concept is certainly nothing new.
"The Bank of England governor, Mark Carney, has challenged the dollar’s position as the world’s reserve currency, arguing that it could be replaced by a global digital alternative to end a savings glut that resulted in 10 years of low inflation and ultra-low interest rates" (follow the link later).
Moreover, "Carney said neither" the Yuan or Facebook's Libra "was in a position to take over from the dollar, but new technologies could allow for a global digital currency to challenge the US currency."
If you believe this is not already in the pipeline, so to speak, you are mistaken.
One digital currency is our future
Make no mistake about it, as we continue to trust in our #BCH, the elite are looking to derail all fiat and cryptocurrencies and usher in a one-world digital currency. You may rest assured that the diabolical plan is well on its way to fruition, likely in the next 3-5 years tops. Maybe more, maybe less.
While I am not a financial advisor, I have studied history, currencies and globalism.
Therefore, it seems best to me that we need to collectively advance our knowledge of both cryptocurrencies (especially #BCH) and what the elites are working towards. In this manner, we will not be surprised when a supranational digital currency is mandated by all world governments. This is the time when things will become truly interesting, notably because the same elites will dictate precisely who may buy and sell and who may not.
Keep your ears to the ground.
Reference
"Mark Carney: dollar is too dominant and could be replaced by digital currency." The Guardian. Retrieved from https://www.theguardian.com/business/2019/aug/23/mark-carney-dollar-dominant-replaced-digital-currency
I can only count in one hand the crypto that I know and there are 7k+ more? amazing! These are really interesting times. Many have no idea of crypto yet and now there's a supranational digital currency.