The Economy Is Failing, Crypto Is A Threat To The Banking System - Jeff Berwick On The X22 Report
I just went on the X22 Report to talk about a number of different things including firstly, the illusion that is the US economic “recovery” and the so-called “draining of the swamp” by selected president Donald Trump.
Of course, there has been no recovery, and Trump did drain the swamp...before filling it back up with Goldman Sachs and Former Rothschild bankers among other shady characters. Not to mention supporting asset forfeiture (theft by cop) and putting in strong man “law enforcers” who only wish to enslave Americans even more than they already are.
Cryptocurrency was inevitably next in the sequence of topics and I point out specifically how the globalist elites currently view them. Generally speaking, the sentiment within the elite’s circles based on what they’ve spoken about at the G7, G20, and Davos summits, is panic combined with a lack of know-how regarding what mechanisms they can use to control them.
I mention how important the elite’s control of the monetary system is to them, because it the way they control everything. After all, the famous Nathan Rothschild quote is “Give me control of a nation’s money supply and I care not who makes its laws.”
To hear all the latest news and developments regarding this struggle for power and freedom for humanity, check out the entire interview below:
We have just released the latest issue of The Dollar Vigilante newsletter (subscribe HERE) where I lay out what I expect to happen in the next few months in the cryptocurrency space. It’s something most people have no idea will happen.
And they won’t be prepared for it… unless you are TDV subscriber. Then, like always, you’ll be ahead of the game.
"Insanity: doing the same thing over and over again and expecting different result"- As grandpa Einstein said. We cannot use the same method like fiat currency and central banking, since it has a bad consequences from the past, look what happen in 2007 economic crises.
Yes I agree it is ludicrous to attempt to continue with fiat currencies... they never end well! It will be a hard-fought fight against the governments of the world to bring power back to the average person, but a fight that is beyond worth it.
Thanks Mr Vigilante
keep collecting and hodling all sorts of hedges against the fall of fiat
Another great interview Jeff!
Very true! I will read The Dollar Vigilante newsletter right now. Upvoted, followed happily. Loves and Peace from Spain.
Jeff, you should take a deeper look at the implications of the Petro... I think this actually can be very important on a global scale... trillions of this type of certificate could be sold by many countries, eating away the USD Petrodollar privilege...
Here 2 articles I wrote about that:
https://steemit.com/petro/@mexbit/venezuela-the-global-importance-of-the-petro
https://steemit.com/petro/@mexbit/venezuela-s-options-how-the-petro-could-make-that-country-sanction-resistent
The Petro-Dollar is under huge threat, not only is it collapsing under its own weight of debt that has gotten completely out of hand, nothing is changing in regards to spending to reign in the debt.
China is currently positioning itself to introduce the Petro-Yuan and there's nothing that the cartel can do to stop it because it isn't some small 3rd world nation trying to regain their financial freedom back. This time it is the leading global economy along with half the world signing on and growing. There is a world wide rebellion on the USD because it is just not a good deal anymore.
Fantastic to see Venezuela adopt Cryptocurrency and try to regain their financial freedom.
Great articles BTW.
Thanks! The China story seems to be interesting as well. I have to take a deeper look into it...
I think though that all the countries with military bases (150) will keep on using the USD as reserve I guess. ;)
No worries, I remember reading articles I think in 2011-12 about China beginning to trade with countries like Russia, Japan and India in their own currencies. This was one of the first signals that China was planning to make a move. Since then things have really started to heat up, the US has added trillions in new debt at record low interest rates with no signs of slowing, creditor nations like China and Japan have slowed and almost halted their purchases of US treasuries. So who is paying for all this ever increasing US spending? A small bunch of nations, Luxembourg, Belgium, Netherlands and Ireland have been buying over the last few years (quite dubiously), but the bulk is the FED. What will happen once interest rates rise on $20+ trillion of debt?
I don't see this happening overnight, China are playing the long game here, I see a long and drawn out scenario where a bi-polar reserve currency system splits the world in similar in fashion to the Cold War. But this time, China is not the USSR, there is no Iron Curtain, there is much less emphasis on our ideology vs theirs. Even nations with US bases will begin to (and some already have) hold small reserves of Yuan as China puts pressure on trade partners to use Yuan.
The biggest piece of this jigsaw puzzle for China is Saudi Arabia, who they are 'compelling' to take payment for oil in Yuan, essentially creating the 'Petro-Yuan'. Another note of interest is that the Deutsche Bundesbank have signaled they will also hold Yuan in their reserves. There is still a long way to go but it is definitely starting to happen.
I have been following this currency-drama in China and the US as well for a few years.
Regarding the Yuan my opinion is as well that it is right now undervalued. But there are lots of bad debts as well in China... So not sure how this will end...
Saudi-Arabia I think will never accept the Yuan, because if they do they will loose the US-backing and might be declared a terrorist state. The last thing the house of Saud needs right now is loose the US as a backer...
Venezuela on the other side (i.e. the government there) has nothing to loose... that is why they try to do this attack. It will be interesting to see if they follow through...
Thanks for your great comments, really refreshing compared to the bot comments...
Haha thanks, I am new here and will soon be starting to write some of my own posts with my own ideas and observations and try to look at things from an 'outside the box' perspective. Nothing right or wrong, just ideas and perspectives.
Absolutely agree on it being very hard for Saudi Arabia to accept the Yuan. I think a lot of things may be done 'under the table', until the Yuan is ready to take on a larger role, as of yet it still has a long way to go. Any nation in a similar position would be foolish not to at least make some kind of preparations, as Germany has publicly announced they are currently doing, even with a large US base on it's soil. Nothing lasts forever and that goes for the dollar also, I think by at least 2030 every nation will accept the Yuan in some amount, even if they are still using the dollar, if it's still around in its current form.
In light of what Venezuela is trying to do I'm going to be writing a piece about the top candidates around the world with rampant inflation who might also wish to follow in their footsteps.
As i expected because those people wants to control crypto currency,they want the power to track it.They are feeling insecured because if crypto starts blooming then usd will face a lot of difficulties all over the world.They will lose their supremacy.That is why they are talking like that.Some of the officials are also declaring that crypto will vanish in next few months.May be there is some difficulties come if usa government convince other country to ban crypto.But at the end crypto will win for sure.Thanks for the post.@resteemed
I've been listening to X22 Report off and on for a few years now and I've found a lot of value in what's been shared there. It's good to see so many people becoming more aware of what options are available outside of the fiat economy.
Think i am going from usa to thailand,i am not carrying any hard cash.I have got my smart phone and i have crypto currency in my phone wallet.I am doing all my payment with those crypto currency.How nice that will be,but some people are not happy with such things.They want us to endorse dollars first then when you will reach your desired country exchange your dollar to the local currency.Only then you can spend your money.Why can't we think about a borderless world and a kind of currency which will be applicable to any country.Some one put some sense into those people.Thank's for such useful post.@upvoted and resteemed
It's gonna happen!