BANKING ON CHAOS | The Root of All Evil | IT'S ALL A LIE | International Banking Cartel 🏦🤥

🏧 👎 I HAVE BAD NEWS FOR YOU!
The money you have in your pocket and in your BANK ACCOUNT is not real! YOUR MONEY IS FAKE! ...IT'S F*CKING FAKE!Show more

The existence of states (as we know them today) sets in motion a dynamic process towards the creation of a single world fiat money controlled by a world central bank and most likely a world central government. The beneficiaries will be the very few - the "elite" - in charge of running the state and the few privileged by the state, such as Big Business, Big Banking, Big Pharma and Big Tech. But the vast majority of people will be very badly off. In fact, a single world fiat currency would most likely mean tyranny.

It may be hard to swallow, but central banks were not created for the common good, but to support the state and special interest groups. After World War II, the US became the world's dominant economic and military power, and the Federal Reserve (the Fed), created in 1913, became the world's most powerful central bank, issuing the US dollar, the world's leading reserve currency. It is fair to say that the Fed truly calls the shots in the international financial and economic system. The Fed acts as the world's unofficial central bank. Central banks play a crucial role in enabling a fiat currency system, and if they form a cartel they can essentially create a single world fiat currency.

The dominance of the US dollar is certainly helping to push the world towards a single fiat currency. Just imagine a major crisis that will eventually hit us. As the global fiat currency regime begins to unravel, the US dollar is likely to be the last man standing. In such a situation, it is also very likely that many countries will try to peg their currency to the US dollar (i.e. effectively adopt the US dollar as base money). It may not sound realistic now, but imagine a scenario in which the United States and China join forces to support pegging through the International Monetary Fund's Special Drawing Rights, and later declare the exchange rates irrevocably fixed. The world would be closer than ever to a single global fiat currency.

Most recently, the BRICS countries (Brazil, Russia, India, China and South Africa) have openly challenged the hegemony of the US dollar and are considering introducing their own currency. What might it look like? It could be a basket of different national fiat currencies or a new gold-backed unit of account. I think the only challenge to the dominance of the US dollar could come from a gold-backed BRICS currency. But even then, the US could also link the US dollar to the Federal Reserve's theoretical gold holdings (which are actually held by the Treasury). As you can see, dethroning the US dollar will not be easy in the current environment. Whatever happens with states pursuing their own monetary interests, we should not get our hopes up that states will provide sound money to the people. When states monopolise the production of money, they will use it mainly to serve their own needs.

There are only two ways in which people can interact: voluntarily or through coercion/violence. Voluntary cooperation is economically and ethically acceptable; coercion and violence are not. The free market is voluntary. In a free market for money, people are free to choose the type of money that best suits their needs, and people are free to offer a good that people want to use as money. The result will be sound money - simply because no one (in their right mind) will demand bad money. For example, people could choose to use gold as their base money and introduce digital gold payment systems. If people want prosperity and freedom, nationally and internationally, they must abandon fiat money, end government control of money and embrace a free market in money. The alternative is tyrannical government money, with the unpleasant prospect of eventually ending up with a tyrannical fiat world currency. I hope my book will inform and stimulate debate on these extremely important issues.

𝘍𝘋𝘐𝘊 𝘢𝘯𝘥 𝘍𝘦𝘥𝘦𝘳𝘢𝘭 𝘙𝘦𝘴𝘦𝘳𝘷𝘦 | Cash GONE, Total Financial Collapse Imminent?
https://rumble.com/v4061fq--cash-gone-total-financial-collapse-imminent.html