Topic: Economist predicts demise of global central banks (Read 730 times)
You don't have to be an analytic or economist to see that if such enormous growth of BTC will continue, finally it will lead to economic collapse because dollar (that is fully anchored into the global economy) will hyper-inflate. BTC once seemed to be a bubble, but it overgrown to digital gold now. If nothing changed it sounds like a new world is coming and very soon.
"You will own nothing and you will be happy."
This is what they are planning for your future.
Within a short span of time, we've seen old retailers like sears, JC penney and sam's club be rendered obsolete and put out of business by emerging retailers like walmart and amazon.
This illustrates fears of ruling elites. They're concerned someone new who is hungry, smart and determined will dethrone them. The way walmart and amazon dethroned sears and jc penney.
Their solution is to create a system where only the rich and powerful are allowed to own and control things. When they say "you'll own nothing and you'll be happy". This could describe a future system where the status quo of rich and poor is maintained. To guarantee new inventions and emerging technology which could threaten and depose those on the top of the hill, never happen.
A good example of this could be the inventor of the AK-47 who was not allowed to patent or claim credit for their invention. The USSR and state took credit and ownership of everything. That could be one possible future they envision for the rest of us.
You apparently aren't aware than not only is Sam's club not out of business, but it's owned by Walmart. Sam's Club is named after Sam Walton, the founder of Walmart. The_more_you_know.jpg.
The conspiracy theory doesn't really have a leg to stand on, even less so when it's coupled in a message that gets simple facts wrong.
The central banks could be the ones stacking Bitcoin already preparing for what is coming.
They could even be the ones planing the covid19 and the timing for the winter, all these will really make the economy fail plus the political instabilty.
I don't think that's happening. They cannot hide that information. If they were stacking bitcoin they would have reported it. Central Banks are not your average sneaky investor. The moment they touch any crypto, the word would be out.They could even be the ones planing the covid19 and the timing for the winter, all these will really make the economy fail plus the political instabilty.
You could always have central banks print money and give to someone for "secret stuff" and just tell them to buy as much bitcoin as you can. Does this make sense and are they doing it? I do not think so, they are probably not doing anything like this, but I just wanted to point out that it is definitely something possible if they wanted it but when you think about it, it doesn't make sense to do something like that.
"of course pentagon is not central bank"
There you gave the answer yourself. They are not central banks and that means they are not. Central Banks do report their holdings. Again, "They are not your average sneaky investor." They are central banks.
I don't know if that's clear enough because you seem to understand it but still pretend like you didn't.
The central banks could be the ones stacking Bitcoin already preparing for what is coming.
They could even be the ones planing the covid19 and the timing for the winter, all these will really make the economy fail plus the political instabilty.
I don't think that's happening. They cannot hide that information. If they were stacking bitcoin they would have reported it. Central Banks are not your average sneaky investor. The moment they touch any crypto, the word would be out.They could even be the ones planing the covid19 and the timing for the winter, all these will really make the economy fail plus the political instabilty.
You could always have central banks print money and give to someone for "secret stuff" and just tell them to buy as much bitcoin as you can. Does this make sense and are they doing it? I do not think so, they are probably not doing anything like this, but I just wanted to point out that it is definitely something possible if they wanted it but when you think about it, it doesn't make sense to do something like that.
The central banks could be the ones stacking Bitcoin already preparing for what is coming.
They could even be the ones planing the covid19 and the timing for the winter, all these will really make the economy fail plus the political instabilty.
They could even be the ones planing the covid19 and the timing for the winter, all these will really make the economy fail plus the political instabilty.
I don't think that's happening. They cannot hide that information. If they were stacking bitcoin they would have reported it. Central Banks are not your average sneaky investor. The moment they touch any crypto, the word would be out.
Quote from: Hydrogen
link=topic=5315644.msg56300237#msg56300237 date=1612802264
link=topic=5315644.msg56300237#msg56300237 date=1612802264
Ruling elites would never allow the control and influence central banks give them to be tampered with.
This can be a very strong point to why the central banks are coming against cryptocurrency.
That is the point. Imagine a Government not been able to have that financial control over her own nation? They know with the full blown global wide adoption of cryptocurrency, how many people, industries or other organizations will have money in banks? the Governments run the banks and that is one way the control and have the powers they do and with out this, they know they are nothing so they will continue to see how they will shot crypto down.
Remember that Harry Dent is closely associated with Mike Maloney, whose entire precious metals/wealth consultancy business predicates on people buying into the idea that central banks will collapse overnight.
I still recall in one of the joint interviews between Dent and Maloney they made a prediction that the next economic crisis will unfold as a depression then hyperinflation within the decade of the 2010s - obviously, that never panned out.
Even now, reflation expectations are rare and interest rates remain very low, meaning that the implicit expected inflation remains to be quite low.
Whilst I do agree that central banks are a construct that will eventually be made obsolete, it is nowhere as easy as these guys make it sound. It would be naive and dangerous to put all your assets into timing a central bank collapse because it would likely not pan out the way you expect.
I still recall in one of the joint interviews between Dent and Maloney they made a prediction that the next economic crisis will unfold as a depression then hyperinflation within the decade of the 2010s - obviously, that never panned out.
Even now, reflation expectations are rare and interest rates remain very low, meaning that the implicit expected inflation remains to be quite low.
Whilst I do agree that central banks are a construct that will eventually be made obsolete, it is nowhere as easy as these guys make it sound. It would be naive and dangerous to put all your assets into timing a central bank collapse because it would likely not pan out the way you expect.
I totally agree. Watching these precious metals shills on youtube is very deceptive, because they spend good money making quality videos, even whole channels dedicated to it, and they've been doing it for a long time. They can explain to you that this or that will happen with a lot of confidence, I can see how many people would fall for that.
Well, if the people were the cause of the death of central banks, I think that whoever or whatever replaces them will be easily deposed by the people, they are not like their predecessors that are deep rooted which means that they can easily be uprooted as they are still a young offshoot. The only way that the death of central bank will be unsavory for the many is when the private companies take over.
basically the central bank should not play with the people nowadays, because they are far more powerful than the institutions, imagine if they made a deal to deactivate their accounts because they felt it was difficult by the central bank regarding cryptocurrency (people who love crypto will do anything to against). Such income depends on how people feel safe keeping their wealth in the bank. then when things turn around, the bank will clearly experience a total fall.
Although there are quite a few good points being told/shown in this argument, I just find it quite hard to believe since it is leading to surreal claims. Plus the number of claims as such happened many times before already. Although I got to admit, the thought of this coming true is quite scary in a way. If it ever came true, a lot will he affected and chaos would take over(maybe). But really, things like this shouldn't be taken seriously and just rely more on experience and what you can be sure of and can be confident enough.
And it's already happening right now. The central banks could be the ones stacking Bitcoin already preparing for what is coming. but I think they are already prepared for this fall. They are not going to just give up on what is theirs, they had foreseen this coming as if they are the ones resetting all these.
They could even be the ones planing the covid19 and the timing for the winter, all these will really make the economy fail plus the political instabilty.
It is so obvious that printing and pumping money into the economy won't fix anything. Well, it might in the short run, but in the long run, it will cause trouble. Everyone knows that, but yet, the government acts like nothing is wrong over here. They probably have a plan B ready, or they just really don't care and believes that everything will go back to equilibrium eventually.
Governments know that what are the possible outcomes of printing more money to boost their economy but they don't care since they were busy with elections and blaming the opposition party all the time. They also know that they are not going to be in the ruling period all the time, it is just for 4 or 5 years so they wanted the next leader to take care of the long-term financial difficulties and this has been carried out all the time with every upcoming leader.Isn't it obvious how this future will look? We will be in a time where even though we are getting poorer because of our fiat but nothing seems to have happened. Nobody worries about it even though the possibility of inflation is very high. When this inflation actually occurs, the public will remain silent. The government is busy with unimportant matters and seems stupid.
Although there are quite a few good points being told/shown in this argument, I just find it quite hard to believe since it is leading to surreal claims. Plus the number of claims as such happened many times before already. Although I got to admit, the thought of this coming true is quite scary in a way. If it ever came true, a lot will he affected and chaos would take over(maybe). But really, things like this shouldn't be taken seriously and just rely more on experience and what you can be sure of and can be confident enough.
It's bound tp hapoen, now that the whole global economy is basically a cesspool of loans and financial ruin, the evidence of global central banks falling becomes more apparent. That being said, this also means that without a strong backer, fiat may as well fall down as a result, and if that happens, we can't say much for sure whether cryptocurrencies can sustain the global economy at its current stage, knowing that the market cap is only about 1 trillion dollars, and we have 100+ countries in the planet.
As Elon Musk tweeted: "It was inevitable"! And I agree with that statement, and I agree with your statement, it's bound to happen! You even elaborated it!
I think I remember some people from crypto who were saying the same things years ago! But nobody listened at that time, just a few believed in that. And we are hitting that trillion-dollar market cap and we know there's a lot more to go!
It is so obvious that printing and pumping money into the economy won't fix anything. Well, it might in the short run, but in the long run, it will cause trouble. Everyone knows that, but yet, the government acts like nothing is wrong over here. They probably have a plan B ready, or they just really don't care and believes that everything will go back to equilibrium eventually.
Governments know that what are the possible outcomes of printing more money to boost their economy but they don't care since they were busy with elections and blaming the opposition party all the time. They also know that they are not going to be in the ruling period all the time, it is just for 4 or 5 years so they wanted the next leader to take care of the long-term financial difficulties and this has been carried out all the time with every upcoming leader.
It's bound tp hapoen, now that the whole global economy is basically a cesspool of loans and financial ruin, the evidence of global central banks falling becomes more apparent. That being said, this also means that without a strong backer, fiat may as well fall down as a result, and if that happens, we can't say much for sure whether cryptocurrencies can sustain the global economy at its current stage, knowing that the market cap is only about 1 trillion dollars, and we have 100+ countries in the planet.
Interesting viewpoints given here. I personally think this is a pretty much nonsense and that the Central Banks aren't going anywhere anytime soon. I also am not sure Central Banks are really all that concerned about cryptocurrencies. As of right now cryptocurrencies are used by a very minute amount of people and that likely won't change anytime soon.
We might feel cryptocurrency adoption is still small with the world population but the growth has been massive over the years, even at more than 5% growth per annum. The only attractive part of cryptocurrency in the stable coin, If the stable coin can be sanitized for fraud and Government can introduce coins within their control, it could form a fraction of central bank financial system.
It is so obvious that printing and pumping money into the economy won't fix anything. Well, it might in the short run, but in the long run, it will cause trouble. Everyone knows that, but yet, the government acts like nothing is wrong over here. They probably have a plan B ready, or they just really don't care and believes that everything will go back to equilibrium eventually.
-snip-
I think the information laid out here about bubbles is ok. They try to spin the negative outcome of bubbles popping into a positive event by claiming it would destroy central banks. Which is ridiculous. Ruling elites would never allow the control and influence central banks give them to be tampered with.
Well worth watching but be aware that for every truth spoken, there could easily be 2 lies intended to serve political agendas.
I never though "destruction" of central banks would be positive event. I think the information laid out here about bubbles is ok. They try to spin the negative outcome of bubbles popping into a positive event by claiming it would destroy central banks. Which is ridiculous. Ruling elites would never allow the control and influence central banks give them to be tampered with.
Well worth watching but be aware that for every truth spoken, there could easily be 2 lies intended to serve political agendas.
Quote
Harry Dent, economist and author of ‘Zero Hour,’ joined Glenn Beck on radio recently for a terrifying discussion about what may come soon for our financial markets. He says because the federal reserve and central banks are pumping money into our financial ‘bubble’ at record speeds, there will come a time soon that the bubble naturally will pop. Dent says, despite what the masses may believe, that fueling the markets with additional, printed money will NOT save us from an economic crash — in fact, quite the opposite will occur.
https://www.youtube.com/watch?v=JxUGlVKXI_M
https://www.youtube.com/watch?v=JxUGlVKXI_M
Besides all complainments USD is still one of the best and most trusful currencies in the world, otherwise we wouldn't have stablecoins here backed by american dollar. On long run this bubble will pop, but it will take a long time yet. By that time many other countries will have suffered already so the strongest economical countries, like USA, will have time to adjust their strategies to avoid the same happening in their countries.
I think the information laid out here about bubbles is ok. They try to spin the negative outcome of bubbles popping into a positive event by claiming it would destroy central banks. Which is ridiculous. Ruling elites would never allow the control and influence central banks give them to be tampered with.
I agree. Central banks are never going to be closed. It's literally a money making machine.
Remember that Harry Dent is closely associated with Mike Maloney, whose entire precious metals/wealth consultancy business predicates on people buying into the idea that central banks will collapse overnight.
I still recall in one of the joint interviews between Dent and Maloney they made a prediction that the next economic crisis will unfold as a depression then hyperinflation within the decade of the 2010s - obviously, that never panned out.
Even now, reflation expectations are rare and interest rates remain very low, meaning that the implicit expected inflation remains to be quite low.
Whilst I do agree that central banks are a construct that will eventually be made obsolete, it is nowhere as easy as these guys make it sound. It would be naive and dangerous to put all your assets into timing a central bank collapse because it would likely not pan out the way you expect.
I still recall in one of the joint interviews between Dent and Maloney they made a prediction that the next economic crisis will unfold as a depression then hyperinflation within the decade of the 2010s - obviously, that never panned out.
Even now, reflation expectations are rare and interest rates remain very low, meaning that the implicit expected inflation remains to be quite low.
Whilst I do agree that central banks are a construct that will eventually be made obsolete, it is nowhere as easy as these guys make it sound. It would be naive and dangerous to put all your assets into timing a central bank collapse because it would likely not pan out the way you expect.
Quote
Harry Dent, economist and author of ‘Zero Hour,’ joined Glenn Beck on radio recently for a terrifying discussion about what may come soon for our financial markets. He says because the federal reserve and central banks are pumping money into our financial ‘bubble’ at record speeds, there will come a time soon that the bubble naturally will pop. Dent says, despite what the masses may believe, that fueling the markets with additional, printed money will NOT save us from an economic crash — in fact, quite the opposite will occur.
https://www.youtube.com/watch?v=JxUGlVKXI_M
https://www.youtube.com/watch?v=JxUGlVKXI_M
....
This interview resembles what we should expect from a legitimate analysis of current finance and economy situations. Except for it containing a few more talking points and contrived narratives than normal for it to be a work of independent commentary.
I think the information laid out here about bubbles is ok. They try to spin the negative outcome of bubbles popping into a positive event by claiming it would destroy central banks. Which is ridiculous. Ruling elites would never allow the control and influence central banks give them to be tampered with.
Well worth watching but be aware that for every truth spoken, there could easily be 2 lies intended to serve political agendas.
Thanks for the video. It always nice to see new analysts making predictions. No one really knows what is going to happen in the future. It is just a good guess we should not treat it in any other way. And even if the central banks are going bust, there will be something coming afterwards. I don't think governments are ready yet to give up on the money printing business. Even if there will be new currencies coming, all major governments will keep relying on printing money in my opinion.
Interesting viewpoints given here. I personally think this is a pretty much nonsense and that the Central Banks aren't going anywhere anytime soon. I also am not sure Central Banks are really all that concerned about cryptocurrencies. As of right now cryptocurrencies are used by a very minute amount of people and that likely won't change anytime soon.
Actually not only banks much big fish won't let this happens. There is too much money and it won't be easy for full migration nor they want to. Everythings will run in this way and it should be because a fully decentralized system is very unstable and can be easily manipulated. This will bring more chaos and destruction to the world economy.
Interesting viewpoints given here. I personally think this is a pretty much nonsense and that the Central Banks aren't going anywhere anytime soon. I also am not sure Central Banks are really all that concerned about cryptocurrencies. As of right now cryptocurrencies are used by a very minute amount of people and that likely won't change anytime soon.
It can be an awfully solid point to why the central banks are coming against cryptocurrency. Truely traditional banks are either government commerce or private people who have impact in government and they see cryptocurrency as risk to their businesses.At last government can make approaches to chase cryptocurrency venture, to maintain a strategic distance from individuals taking out their fiat for transformation. But they , the crypto assailants have no thought that cryptocurrency venture is growing and have great future.
the banking system can be replaced by something new, but the essence will not change. The states need a banking system and until nothing new has been invented, it will exist under the states and the states will invariably protect it. Therefore, in general, the banking system is not threatened. Periodic economic crises only lead to the recovery of the global economy.
I believe we could build a "peoples bank" type of situation and that is exactly what we need that will change the world. This way what we can achieve is that there will be one decentralized bank type of situation that everyone holds their own money in their own accounts but it will be shown in numbers how big we are in numbers, so if there is billions of dollars there people would know how strong we are and how we can affect change.In return if governments try to destroy the economy by making themselves richer and trying to get votes and ruin the economy, then we wouldn't be affected because we have our own bank and our own money in crypto showing the world that they could ruin it however they want, they will not make us poor again, we are going to grow in power and get richer and richer while central banks keep losing value and worth and become useless.
I think badly run financial institutions will eventually pay the price. Well decentralized, transparent, immutable, censorship resistant, permissionless, deflationary, consensus-based, rule-based.. financial system/network will be used by people it is Willed by GOD to use. Anyone/anything that tries to go against GOD's Will is evil and will be exposed and face the consequences of their evil actions.
GOD have mercy on them and help them do what is just/right.
Nigeria is a very corrupt country, with an oil based economy, allowing people in power to get rich easily, so they might feel threatened by cryptocurrencies.
I was trying to figure out the main reason why the Central bank of Nigeria Governor will just wake up in a day without any prior notice and ban Cryptocurrency affairs in the country, I don't know to what rate the prediction will right but I wish they can see the positivity related activity with bitcoin and not the other way round and give it a chance in the Country.
the banking system can be replaced by something new, but the essence will not change. The states need a banking system and until nothing new has been invented, it will exist under the states and the states will invariably protect it. Therefore, in general, the banking system is not threatened. Periodic economic crises only lead to the recovery of the global economy.
I believe we could build a "peoples bank" type of situation and that is exactly what we need that will change the world. This way what we can achieve is that there will be one decentralized bank type of situation that everyone holds their own money in their own accounts but it will be shown in numbers how big we are in numbers, so if there is billions of dollars there people would know how strong we are and how we can affect change.In return if governments try to destroy the economy by making themselves richer and trying to get votes and ruin the economy, then we wouldn't be affected because we have our own bank and our own money in crypto showing the world that they could ruin it however they want, they will not make us poor again, we are going to grow in power and get richer and richer while central banks keep losing value and worth and become useless.
In the US dollar it's important to notice that price forecasts instead of cryptocurrencies should be seen as recommendations instead of call to action as we mentioned earlier, the crypto market is incredibly volatile so nobody will ever say the precise BTC price for subsequent few years. However BTC has been on the marketplace for quite a decade and a few experts can provide a comprehensive forecast of bitcoin supported currency price trends.
Yeah and considering the chaos it would create, would we really want to live in a world with a failed dollar ? Would Bitcoin really matter then ? It's not a given at all.
A failed dollar in my view will become a collapse system if there isn't any fiat or crypto that can rise to the occasion as dollar world wide. Dollar failing means bitcoin value will collapse because many pairs are on btc which is usually measured in dollar. Except a coin like stable coins is discovered to fit into dollar but unfortunately, stable coins are still cryptocurrency and not fiat and can't play the traditional role of fiat.
Even if an eventual death of central banks will arrive don't you think there will be other mammoths that will replace them? With all this ever-present technology, particularly in the payments & money realm, when it will be decided the demise of the old central banking some maybe more sinister entity will take its place.
It is a nice interview but I believe the game is already set (because it was rigged already).
Of course, the banking system can be replaced by something new, but the essence will not change. The states need a banking system and until nothing new has been invented, it will exist under the states and the states will invariably protect it. Therefore, in general, the banking system is not threatened. Periodic economic crises only lead to the recovery of the global economy. It is a nice interview but I believe the game is already set (because it was rigged already).
"You will own nothing and you will be happy."
This is what they are planning for your future.
Within a short span of time, we've seen old retailers like sears, JC penney and sam's club be rendered obsolete and put out of business by emerging retailers like walmart and amazon.
This illustrates fears of ruling elites. They're concerned someone new who is hungry, smart and determined will dethrone them. The way walmart and amazon dethroned sears and jc penney.
Their solution is to create a system where only the rich and powerful are allowed to own and control things. When they say "you'll own nothing and you'll be happy". This could describe a future system where the status quo of rich and poor is maintained. To guarantee new inventions and emerging technology which could threaten and depose those on the top of the hill, never happen.
A good example of this could be the inventor of the AK-47 who was not allowed to patent or claim credit for their invention. The USSR and state took credit and ownership of everything. That could be one possible future they envision for the rest of us.
That is what is expected to happen, if they continue to pump without any direction to do so, the bubble will burst and disaster proportions of events will happen. The suits and the rich will not suffer in this collapse, I can guarantee that. They will only do a reset and everything will start all over again as if nothing happened, these bankers are not worried that this will happen because they know that they can survive this, this is the ripe time to go for cryptocurrency because it helps that you will have an insurance that when something happen then you are safe, the only downside is the prices will definitely go up.
The most important question is, how is the reset going to play out? Do they want to reset the Dollar only? Then what about the (yeah the good old whataboutism strikes back) countries that borrowed huge amounts of dollars? Like Greece, like Turkey? They'll be the winners of that scenario. And who will be the losers? Those who loaned them the money, the banks. The developed countries.This smells like the next world war to me. Erasing more than half of the world's wealth and debt will have its consequences.
They were shitting bricks when a bunch of Trumpers gathered in the Capitol fearing that it would trigger a civil war and now they do this?
I bet it will play out peaceful af.
The global reset actually benefits me in the end because I live in one of those broke countries but thinking that it won't have any consequences is bat shit insane.
In the US dollar it's important to notice that price forecasts instead of cryptocurrencies should be seen as recommendations instead of call to action as we mentioned earlier, the crypto market is incredibly volatile so nobody will ever say the precise BTC price for subsequent few years. However BTC has been on the marketplace for quite a decade and a few experts can provide a comprehensive forecast of bitcoin supported currency price trends.
Yeah and considering the chaos it would create, would we really want to live in a world with a failed dollar ? Would Bitcoin really matter then ? It's not a given at all.
Quote
Harry Dent, economist and author of ‘Zero Hour,’ joined Glenn Beck on radio recently for a terrifying discussion about what may come soon for our financial markets. He says because the federal reserve and central banks are pumping money into our financial ‘bubble’ at record speeds, there will come a time soon that the bubble naturally will pop. Dent says, despite what the masses may believe, that fueling the markets with additional, printed money will NOT save us from an economic crash — in fact, quite the opposite will occur.
https://www.youtube.com/watch?v=JxUGlVKXI_M
https://www.youtube.com/watch?v=JxUGlVKXI_M
....
This interview resembles what we should expect from a legitimate analysis of current finance and economy situations. Except for it containing a few more talking points and contrived narratives than normal for it to be a work of independent commentary.
I think the information laid out here about bubbles is ok. They try to spin the negative outcome of bubbles popping into a positive event by claiming it would destroy central banks. Which is ridiculous. Ruling elites would never allow the control and influence central banks give them to be tampered with.
Well worth watching but be aware that for every truth spoken, there could easily be 2 lies intended to serve political agendas.
"If you're not paying for It, You are the product"
Somebody out there will own something. It is just not going to be you.
Somebody out there will own something. It is just not going to be you.
I've heard these words in one of the documentary films. I agree that in the future whatever happens looks normal, even today I feel it. I have nothing but I feel fine. I felt trapped in an economy that kept making the rich richer and the poor feeling just fine. Even if the central bank did die, it would be the poor who would be hardest hit. The world gets more and more chaotic every day until everything seems normal.
As there will come a time when fiat money will become imbalanced and the biggest consequences it will have globally will not include any benefits for the people. Where the central banks will fall and go cheap. Also where the bitcoin, cryptocurrency will take its place. It didn't come as early as another nine-year cycle, but during this crisis I trusted his prediction as a dose of doping so that I kept going straight to a single goal of investing and mastering. Your crypto asset block.
Quote
Harry Dent, economist and author of ‘Zero Hour,’ joined Glenn Beck on radio recently for a terrifying discussion about what may come soon for our financial markets. He says because the federal reserve and central banks are pumping money into our financial ‘bubble’ at record speeds, there will come a time soon that the bubble naturally will pop. Dent says, despite what the masses may believe, that fueling the markets with additional, printed money will NOT save us from an economic crash — in fact, quite the opposite will occur.
https://www.youtube.com/watch?v=JxUGlVKXI_M
https://www.youtube.com/watch?v=JxUGlVKXI_M
....
This interview resembles what we should expect from a legitimate analysis of current finance and economy situations. Except for it containing a few more talking points and contrived narratives than normal for it to be a work of independent commentary.
I think the information laid out here about bubbles is ok. They try to spin the negative outcome of bubbles popping into a positive event by claiming it would destroy central banks. Which is ridiculous. Ruling elites would never allow the control and influence central banks give them to be tampered with.
Well worth watching but be aware that for every truth spoken, there could easily be 2 lies intended to serve political agendas.
The only thing that's been predicted to die more than bitcoin is the USD. If you can't see the irony in bitcoin people reveling in all the failed predictions of the death of bitcoin but also endlessly predicting the death of the dollar, that's funny to me.
"You will own nothing and you will be happy."
This is what they are planning for your future.
But somebody out there will own something. Why not that person is me but them? Fuck that.
This is against the human nature. Nobody is going to be happy in a world like that. The good news is they are going to get what is coming for them.
We go full Slavery in 2030. Think well about your options to prevent this from happening.
This is what they are planning for your future.
But somebody out there will own something. Why not that person is me but them? Fuck that.
This is against the human nature. Nobody is going to be happy in a world like that. The good news is they are going to get what is coming for them.
We go full Slavery in 2030. Think well about your options to prevent this from happening.
2030 is unrealistic however owning nothing and being happy could also be communism.
It could also be "robotism", as in robots do all the work, humans enjoy themselves all day and don't need to own anything, their needs are covered.
Owning nothing, being broke, sad, depressed, constrained, and so on is what communism is all about. But that is only applicable to ordinary citizens. The leaders are the very people who counter the precepts of communism itself. The worst violators in a communist state are the leaders themselves. They are the very antithesis of the most fundamental tenets of communism. At least, this is the communism that the real world shows us.
Well, owning nothing but being happy is the kind of life of certain individuals such as the wandering ascetic monks in the East, the hermits, and so on, although, unfortunately, the prevailing mentality and, therefore, way of life of many in the world is of the western kind.
I could see it becoming reality in some small, homogenous country, like Iceland. Or on an orbital/planetary colony, when that becomes a possibility. Not everyone is as obsessed as the average American with consumerism, keeping up with the Joneses, etc.
2030 is unrealistic however owning nothing and being happy could also be communism.
It could also be "robotism", as in robots do all the work, humans enjoy themselves all day and don't need to own anything, their needs are covered.
It could also be "robotism", as in robots do all the work, humans enjoy themselves all day and don't need to own anything, their needs are covered.
"If you're not paying for It, You are the product"
Somebody out there will own something. It is just not going to be you.
Does that sound right to you?
Not to me.
It is basic human need wanting to own something.
2030 is unrealistic just like 2050 or 2025 is. This shit is not going to happen. I won't let it happen.
"You will own nothing and you will be happy."
This is what they are planning for your future.
But somebody out there will own something. Why not that person is me but them? Fuck that.
This is against the human nature. Nobody is going to be happy in a world like that. The good news is they are going to get what is coming for them.
We go full Slavery in 2030. Think well about your options to prevent this from happening.
2030 is unrealistic however owning nothing and being happy could also be communism.
It could also be "robotism", as in robots do all the work, humans enjoy themselves all day and don't need to own anything, their needs are covered.
This is immiment and is getting ever closer by the day. Spearheaded by conflicts from different countries, loans taken by different countries that weren't expected to be paid in any way whatsoever, in time the Global Central Banks wouldn't be able to hold this as they continue to bleed money, and would then be the cause of their downfall. Now there are only two situations we are looking at, we either get crapped instantly, or instantly and for a long-ass time. And that would depend if countries would have a reserve.
"You will own nothing and you will be happy."
This is what they are planning for your future.
But somebody out there will own something. Why not that person is me but them? Fuck that.
This is against the human nature. Nobody is going to be happy in a world like that. The good news is they are going to get what is coming for them.
We go full Slavery in 2030. Think well about your options to prevent this from happening.
I know that we are not in that situation anymore, we are much much much better than that right now, but could you say that there is zero slavery right now in the world? How about all the people who needs to work in order to not starve to death? They are forced to work for a boss in order to stay alive, how about sweatshops that take advantage of these people and only give them food and that's it? And in return get 16 hours of work from them? Slavery is very much alive, just changed its shape.
"You will own nothing and you will be happy."
This is what they are planning for your future.
But somebody out there will own something. Why not that person is me but them? Fuck that.
This is against the human nature. Nobody is going to be happy in a world like that. The good news is they are going to get what is coming for them.
We go full Slavery in 2030. Think well about your options to prevent this from happening.
In my opinion, it is clear that negative deposit rates are crazy. The enormous external debt of the United States that cannot be paid is insane. Also insane is the growth of shares of large companies against the background of the deterioration of their financial and economic indicators.
The modern financial system is undergoing a transformation (reboot).
However, the Central Banks of the states will not be affected. Commercial banks will be sacrificed.
The largest Russian bank, SberBank, has removed the word "bank" from its name. It is transforming into the largest IT company in Russia. The former Sberbank will use big data technologies and artificial intelligence to manage many sectors of the Russian economy.
https://tadviser.com/index.php/Article:Big_Data_in_Sberbank
The rest of the commercial banks must follow Sberbank's example or die.
The modern financial system is undergoing a transformation (reboot).
However, the Central Banks of the states will not be affected. Commercial banks will be sacrificed.
The largest Russian bank, SberBank, has removed the word "bank" from its name. It is transforming into the largest IT company in Russia. The former Sberbank will use big data technologies and artificial intelligence to manage many sectors of the Russian economy.
https://tadviser.com/index.php/Article:Big_Data_in_Sberbank
The rest of the commercial banks must follow Sberbank's example or die.
Even if an eventual death of central banks will arrive don't you think there will be other mammoths that will replace them? With all this ever-present technology, particularly in the payments & money realm, when it will be decided the demise of the old central banking some maybe more sinister entity will take its place.
It is a nice interview but I believe the game is already set (because it was rigged already).
Well, if the people were the cause of the death of central banks, I think that whoever or whatever replaces them will be easily deposed by the people, they are not like their predecessors that are deep rooted which means that they can easily be uprooted as they are still a young offshoot. The only way that the death of central bank will be unsavory for the many is when the private companies take over. It is a nice interview but I believe the game is already set (because it was rigged already).
I'm not sure if I will agree with the complete demise of central banks. There might be a sort of a huge restructure, a total reset if you may, but I doubt a central financial body will be gone completely.
Imagine removing the central banks completely and doing everything on the bitcoinð blockchain... It would be even more chaotic than what is it today. Actually whatever shitshow we are having now would look "normal"
However, financial and banking regulations and other monetary policies will still exist. They need to exist to a certain extent. It is in line with this that I think a sort of a central bank will still continue to serve a purpose.
Very true. Regulations in some form will always be needed because greed knows no end. Central banks that only regulate and are not filled with retired employees of wall-street banks are something that the world needs. In fact, the coziness of central bankers with their private counterparts is mostly an American invention.All this talk about the great reset is hyperbole and are supported by the humungous figures. It is wholly possible that a lot of that money will eventually find its way into all parts of the world economy that actually need it, in the form of foreign investments into developing countries. The wealth disparity of the US has nothing to do with the dollar being the reserve currency. For this disparity to end, the people in the world's largest economy will have to wake up and do something. The WSB incident was one such point but unfortunately it was quickly painted the other way by most of the media.
I believe that central banks will probably stay alive forever, they are the places that keeps nations afloat however I do think that the importance of them will fall, they will not be this powerful forever, I think they are going to lose their worth after a while. This means somehow fiat needs to lose its value and importance and that is definitely something crypto could be helpful about.
If the whole world turns into using crypto which is something that is doable but very difficult considering how we need to still fix our own shit first (transaction being slow and very expensive type of stuff) we are talking about a potential for us. Which means if we could turn into a hybrid crypto/fiat world that would drop the power of central banks for sure. They will never go away, they will not even be the underdogs versus crypto, but crypto could at least take a bigger market pie then what it has right now.
They will stay forever if we were to let them have their way, and the only way that they can survive is with governments backing them up. Yes, they can stay forever but if we let them there and not make any changes, things will only goes for the worse, we need a change of leadership in the government to tame this central banks into submission, someone that are not scared that friends will be foes the next day, someone that is not swayed with money and being lobbied, someone that supports the people more than the interest of the few. It will be difficult but once we see that kind of leadership, a collapse is not needed because the playing field will be leveled for everyone, even the rich few. If the whole world turns into using crypto which is something that is doable but very difficult considering how we need to still fix our own shit first (transaction being slow and very expensive type of stuff) we are talking about a potential for us. Which means if we could turn into a hybrid crypto/fiat world that would drop the power of central banks for sure. They will never go away, they will not even be the underdogs versus crypto, but crypto could at least take a bigger market pie then what it has right now.
I'm not sure if I will agree with the complete demise of central banks. There might be a sort of a huge restructure, a total reset if you may, but I doubt a central financial body will be gone completely.
The relevance of central banks is gradually lost in the face of what are seemingly ridiculous decisions pertaining to the creation of money out of nothing at all. This will eventually lead to the creation of a currency which is above and beyond the whims and control of a few individuals up there who are far from being perfect and corruptible. Perhaps we could eventually see a hard-coded currency which is tamper-proof, something which the people could trust and rely on as a completely independent currency not susceptible to abuses.
However, financial and banking regulations and other monetary policies will still exist. They need to exist to a certain extent. It is in line with this that I think a sort of a central bank will still continue to serve a purpose.
The relevance of central banks is gradually lost in the face of what are seemingly ridiculous decisions pertaining to the creation of money out of nothing at all. This will eventually lead to the creation of a currency which is above and beyond the whims and control of a few individuals up there who are far from being perfect and corruptible. Perhaps we could eventually see a hard-coded currency which is tamper-proof, something which the people could trust and rely on as a completely independent currency not susceptible to abuses.
However, financial and banking regulations and other monetary policies will still exist. They need to exist to a certain extent. It is in line with this that I think a sort of a central bank will still continue to serve a purpose.
Major benefit of cryptocurrency = no need of a middle man. Money can directly send from person A to person B.
Why we need banks = being the middle man of any transaction. Banks control the transaction and debit from person A and credit to person B while keeping the entire amount with themselves.
So no wonder why banking sector is pushing hard and lobbying against cryptocurrency globally. However, there are some banks with visionary leaders who understand that banking needs to adopt the change and started acting accordingly! What I foresee, is a revamped banking system to emerge!
Why we need banks = being the middle man of any transaction. Banks control the transaction and debit from person A and credit to person B while keeping the entire amount with themselves.
So no wonder why banking sector is pushing hard and lobbying against cryptocurrency globally. However, there are some banks with visionary leaders who understand that banking needs to adopt the change and started acting accordingly! What I foresee, is a revamped banking system to emerge!
And that will take time, going out from their traditional practices.
But I believe, they are also looking into that aspect, because if they will not revamp or innovate, people will look for better options.
Just like when people from overseas realized that sending their money via crypto will incur them small fees rather than using banks or traditional remittance companies.
But right now, many people are still relying on banking services, so they are still not in a hurry to alter their traditional ways.
But when the time comes, when a lot of people are realizing the benefit of crypto and not using banks for their financial needs, that's when we will see these banks to be aggressive in offering their new services.
As long as there is a government there will be a central bank. If something goes very wrong with a currency, a new currency can always be created by the central bank. Now if countries delve into chaos, maybe split in several chunks in the case of the US, then maybe each piece won't have a central bank, maybe some will go for crypto, but this is quite far fetched.
This is no longer new to me as right from beginning, lots of economists are always predicting doom for our economy.
No matter what it is that is going to happen if their predictions should eventually come to place, one thing for sure is that we are going to be surviving through it for sure.
As for the government, they always claim to know what’s best ,so this is something they would have to worry about, because that’s the reason they were voted in their in the first place and they should be looking for ways to tackle problems, and if possible they should listen to the people.
No matter what it is that is going to happen if their predictions should eventually come to place, one thing for sure is that we are going to be surviving through it for sure.
As for the government, they always claim to know what’s best ,so this is something they would have to worry about, because that’s the reason they were voted in their in the first place and they should be looking for ways to tackle problems, and if possible they should listen to the people.
I believe that central banks will probably stay alive forever, they are the places that keeps nations afloat however I do think that the importance of them will fall, they will not be this powerful forever, I think they are going to lose their worth after a while. This means somehow fiat needs to lose its value and importance and that is definitely something crypto could be helpful about.
If the whole world turns into using crypto which is something that is doable but very difficult considering how we need to still fix our own shit first (transaction being slow and very expensive type of stuff) we are talking about a potential for us. Which means if we could turn into a hybrid crypto/fiat world that would drop the power of central banks for sure. They will never go away, they will not even be the underdogs versus crypto, but crypto could at least take a bigger market pie then what it has right now.
If the whole world turns into using crypto which is something that is doable but very difficult considering how we need to still fix our own shit first (transaction being slow and very expensive type of stuff) we are talking about a potential for us. Which means if we could turn into a hybrid crypto/fiat world that would drop the power of central banks for sure. They will never go away, they will not even be the underdogs versus crypto, but crypto could at least take a bigger market pie then what it has right now.
That is what is expected to happen, if they continue to pump without any direction to do so, the bubble will burst and disaster proportions of events will happen. The suits and the rich will not suffer in this collapse, I can guarantee that. They will only do a reset and everything will start all over again as if nothing happened, these bankers are not worried that this will happen because they know that they can survive this, this is the ripe time to go for cryptocurrency because it helps that you will have an insurance that when something happen then you are safe, the only downside is the prices will definitely go up.
This is the truth, those that have the money will use the media to switch the blame and instead of accepting responsibility for the crash they are causing they are going to blame something else, and I think we should prepare ourselves because I think bitcoin is going to be partially blamed of the economic crash that will happen, they will argue that since bitcoin is a currency that is not controlled by them that is what caused the crash, when we know that in reality people will simply be forced to adopt bitcoin because if they don't then all of their wealth will be reduced to nothing, but those people have never let the truth get in their way to get what they want, which in this case is complete control over the economy and the only way for them to get to that goal is to kill bitcoin. Quote
Harry Dent, economist and author of ‘Zero Hour,’ joined Glenn Beck on radio recently for a terrifying discussion about what may come soon for our financial markets. He says because the federal reserve and central banks are pumping money into our financial ‘bubble’ at record speeds, there will come a time soon that the bubble naturally will pop. Dent says, despite what the masses may believe, that fueling the markets with additional, printed money will NOT save us from an economic crash — in fact, quite the opposite will occur.
https://www.youtube.com/watch?v=JxUGlVKXI_M
https://www.youtube.com/watch?v=JxUGlVKXI_M
....
This interview resembles what we should expect from a legitimate analysis of current finance and economy situations. Except for it containing a few more talking points and contrived narratives than normal for it to be a work of independent commentary.
I think the information laid out here about bubbles is ok. They try to spin the negative outcome of bubbles popping into a positive event by claiming it would destroy central banks. Which is ridiculous. Ruling elites would never allow the control and influence central banks give them to be tampered with.
Well worth watching but be aware that for every truth spoken, there could easily be 2 lies intended to serve political agendas.
He has spoken reality of how economics work; and being in the crypto currency space for a few years; you should be aware that the bullish trend cannot continue forever; that is what he was making references about; the bearish market will definitely come, when or how soon is what nobody is aware of; which is why you must watch your trades and continue to take as much profits as you can.
I do think this was something that we all did know is going to happen but we had no idea when it will come. Just like the market situation in the US where the stock market is highly Volatile , the government keeps printing money and the people demanding for higher stimulus, with literally no jobs on the line and millions of people in US, A developed country alone loosing so much !! Loosing the jobs at such an incredible rate would mean that the whole situation would collapse and is indeed a big bubble waiting to burst.
Right now what is important is to have investments away from the central banks!! Things like bitcoins , Cryptos can be a good way to at least make sure that you can have some Financial stability but then again the market manipulation is something that is always there.
What is needed is :
Good investment policies
Governmental support !!
More job opportunities
Stabilizing their local currencies
This needs a change of plans , the government is blindly following anything literally.
Right now what is important is to have investments away from the central banks!! Things like bitcoins , Cryptos can be a good way to at least make sure that you can have some Financial stability but then again the market manipulation is something that is always there.
What is needed is :
Good investment policies
Governmental support !!
More job opportunities
Stabilizing their local currencies
This needs a change of plans , the government is blindly following anything literally.
Major benefit of cryptocurrency = no need of a middle man. Money can directly send from person A to person B.
Why we need banks = being the middle man of any transaction. Banks control the transaction and debit from person A and credit to person B while keeping the entire amount with themselves.
So no wonder why banking sector is pushing hard and lobbying against cryptocurrency globally. However, there are some banks with visionary leaders who understand that banking needs to adopt the change and started acting accordingly! What I foresee, is a revamped banking system to emerge!
Why we need banks = being the middle man of any transaction. Banks control the transaction and debit from person A and credit to person B while keeping the entire amount with themselves.
So no wonder why banking sector is pushing hard and lobbying against cryptocurrency globally. However, there are some banks with visionary leaders who understand that banking needs to adopt the change and started acting accordingly! What I foresee, is a revamped banking system to emerge!
Quote
Harry Dent, economist and author of ‘Zero Hour,’ joined Glenn Beck on radio recently for a terrifying discussion about what may come soon for our financial markets. He says because the federal reserve and central banks are pumping money into our financial ‘bubble’ at record speeds, there will come a time soon that the bubble naturally will pop. Dent says, despite what the masses may believe, that fueling the markets with additional, printed money will NOT save us from an economic crash — in fact, quite the opposite will occur.
https://www.youtube.com/watch?v=JxUGlVKXI_M
https://www.youtube.com/watch?v=JxUGlVKXI_M
....
This interview resembles what we should expect from a legitimate analysis of current finance and economy situations. Except for it containing a few more talking points and contrived narratives than normal for it to be a work of independent commentary.
well, it's not strange if the central bank is openly at war with cryptocurrency, we already know that the government will always be equal to the rulers who will bribe them with stacks of paper money. and they clearly regard crypto as financial that is not real. that's speculation that is often used as a scapegoat. so clearly the bank's worries about a change of position with technology money are getting crazy. we are witnessing day by day that the central bank is rapidly being eroded by the wave of cryptocurrency ..
Economists will continue to provide their predictions regarding current conditions, even since a few decades ago. But the fact is, our economic system which is regulated by the central bank has not experienced its collapse in hundreds of years. Sometimes I half believe what these economists say, they can casually change their masks that initially voiced economic collapse due to the continuing crisis and then behind the scenes they still support the policies made by the government. I never fully believed. Maybe because I'm not an ambitious person so my life is flat and thinks everything is fine.
If by "naturally pop" he mean popping without intervention from qualified people to prevent the pop, or that the market is destined to pop due to human nature or due to things beyond our control, then I believe it's a possibility.
It's Important the market does not get popped intentionally (directly or indirectly).
I believe It can be prevented from popping as long as possible if really qualified people handle the markets. Unfortunately, lots of people seem to want a pop. I hope it doesn't result to worst kind of financial markets. A good financial market must be very transparent, decentralized, public, safe, based on good rules, etc
It's Important the market does not get popped intentionally (directly or indirectly).
I believe It can be prevented from popping as long as possible if really qualified people handle the markets. Unfortunately, lots of people seem to want a pop. I hope it doesn't result to worst kind of financial markets. A good financial market must be very transparent, decentralized, public, safe, based on good rules, etc
Even if an eventual death of central banks will arrive don't you think there will be other mammoths that will replace them? With all this ever-present technology, particularly in the payments & money realm, when it will be decided the demise of the old central banking some maybe more sinister entity will take its place.
It is a nice interview but I believe the game is already set (because it was rigged already).
It is a nice interview but I believe the game is already set (because it was rigged already).
That is what is expected to happen, if they continue to pump without any direction to do so, the bubble will burst and disaster proportions of events will happen. The suits and the rich will not suffer in this collapse, I can guarantee that. They will only do a reset and everything will start all over again as if nothing happened, these bankers are not worried that this will happen because they know that they can survive this, this is the ripe time to go for cryptocurrency because it helps that you will have an insurance that when something happen then you are safe, the only downside is the prices will definitely go up.
The most important question is, how is the reset going to play out? Do they want to reset the Dollar only? Then what about the (yeah the good old whataboutism strikes back) countries that borrowed huge amounts of dollars? Like Greece, like Turkey? They'll be the winners of that scenario. And who will be the losers? Those who loaned them the money, the banks. The developed countries.
This smells like the next world war to me. Erasing more than half of the world's wealth and debt will have its consequences.
They were shitting bricks when a bunch of Trumpers gathered in the Capitol fearing that it would trigger a civil war and now they do this?
I bet it will play out peaceful af.
The global reset actually benefits me in the end because I live in one of those broke countries but thinking that it won't have any consequences is bat shit insane.
That is what is expected to happen, if they continue to pump without any direction to do so, the bubble will burst and disaster proportions of events will happen. The suits and the rich will not suffer in this collapse, I can guarantee that. They will only do a reset and everything will start all over again as if nothing happened, these bankers are not worried that this will happen because they know that they can survive this, this is the ripe time to go for cryptocurrency because it helps that you will have an insurance that when something happen then you are safe, the only downside is the prices will definitely go up.
Quote from: Hydrogen
link=topic=5315644.msg56300237#msg56300237 date=1612802264
link=topic=5315644.msg56300237#msg56300237 date=1612802264
Ruling elites would never allow the control and influence central banks give them to be tampered with.
This can be a very strong point to why the central banks are coming against cryptocurrency. Of course banks are either government business or private individuals who have influence in government and they see cryptocurrency as threat to their businesses. To the end of government, they make policies to chase cryptocurrency investment, to avoid people taking out their fiat for conversion. But they , the crypto attackers have no idea that cryptocurrency investment is unstoppable.
Quote
Harry Dent, economist and author of ‘Zero Hour,’ joined Glenn Beck on radio recently for a terrifying discussion about what may come soon for our financial markets. He says because the federal reserve and central banks are pumping money into our financial ‘bubble’ at record speeds, there will come a time soon that the bubble naturally will pop. Dent says, despite what the masses may believe, that fueling the markets with additional, printed money will NOT save us from an economic crash — in fact, quite the opposite will occur.
https://www.youtube.com/watch?v=JxUGlVKXI_M
https://www.youtube.com/watch?v=JxUGlVKXI_M
....
This interview resembles what we should expect from a legitimate analysis of current finance and economy situations. Except for it containing a few more talking points and contrived narratives than normal for it to be a work of independent commentary.
I think the information laid out here about bubbles is ok. They try to spin the negative outcome of bubbles popping into a positive event by claiming it would destroy central banks. Which is ridiculous. Ruling elites would never allow the control and influence central banks give them to be tampered with.
Well worth watching but be aware that for every truth spoken, there could easily be 2 lies intended to serve political agendas.
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