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Global Monetary Reset, Bitcoin Mining, and Cryptocurrencies

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1988

By Dee McLachlan

In 1988, the Economist had an article entitled, “Get Ready for the Phoenix”. A phoenix, of course, obtains new life by arising from the ashes of its predecessor. Well, in volume number 306 (p 9-10), this is what was written:

“Thirty years from now, Americans, Japanese, Europeans, and people in many other rich countries, and some relatively poor ones will probably be paying for their shopping with the same currency.  Prices will be quoted not in dollars, yen or D-marks but in, let’s say, the phoenix... 

“In all these ways national economic boundaries are slowly dissolving. ..The phoenix zone would impose tight constraints on national governments. There would be no such thing, for instance, as a national monetary policy. The world phoenix supply would be fixed by a new central bank, descended perhaps from the IMF.

Talking about the IMF. This is what Christine LaGarde said when interviewed at a World Economic Forum at Davos, 2014.

“I think the reset is on multiple fronts… They’ve [Central Banks] done a great job at keeping the crisis the at the level where it was, but now gradually they’re going to have to move to another monetary policy. I don’t know whether it would be the old monetary policy but it will certainly be different from what we have seen…”

She went on to talk about Iran in the strangest terms, saying that they are going to “reset” the economic relationship with Iran. And that it is all about cooperation. (Videos here and here.)

Gold and Global Reset?

It was several years ago, when there was all the talk about the monetary collapse, I followed the advice offered on several alternative sites and bought two ounces of gold. It was at its very peak — and a month after my very humble purchase, the price of gold dropped dramatically. Since then, I have pondered why gold has been so low — and it seems logical that it has been deliberately depressed, so that those in the know could accumulate the metal cheaply.

I quote Shftplan’s article “A Global Financial Reset Is Coming: A Deal Is Being Made Between All The Central Banks”:

“There is an unprecedented reset coming to world financial markets and if you’ve been paying attention it’s impossible to ignore the signs. In fact mega-investment funds, governments and central banks have been secretly buying up and storing physical gold in anticipation of an event that will leave the US dollar effectively worthless and governments around the world angling for a new global currency mechanism, according to mining executive Keith Neumeyer. [Video here]

“…the dollar will be allowed to crash and we should prepare for a total financial, economic and monetary realignment… And though Western mainstream media pundits argue that the recent strength of the U.S. stock market and the U.S. dollar are proof positive that an economic recovery has taken hold, Neumeyer says exactly the opposite is happening.

“Once deleveraging by governments and central banks has been completed they will unleash an economic, financial and monetary storm that will change the very fabric of the global order.”

It makes sense that those running the banking monetary system are planning a reset. They don’t want to crash and burn. Nick Hubble writes:

“Every few decades, the world’s financial system goes through a reset. Just before a complete collapse, the powers that be come together in an obscure place and hash out the terms of the new currency system. That new system usually gets named after the random place they decided to meet…”

Presently, the debt problem seems so big, that inflation can’t even solve it. Inflation is needed to pay off future debt — but then more debt is required to deal with inflation. You only need to look at house prices in Australia to understand future paid employees will never be able to buy into the system — let alone rent in the system.

Enter Bitcoin

Now property is being sold for bitcoin. The owner of a mansion on Victoria’s Mount Macedon is the first Australian to sell in exchange for cryptocurrency bitcoin.

Money is created in several ways. You can dig gold (or resources) out of the ground, or, if you are a central bank, you can loan money into creation. And then that money becomes a claim against resources, or a claim against future resources. Or you can be great at maths.

On 18 August 2008, the domain name bitcoin.org was registered (linked to “Satoshi Nakamoto”). On 22 May, 2010, two Papa John’s pizzas were paid for using 10,000 units of bitcoin — about $30 at the time. A few years later that $30 stake was worth millions.

Chinese Bitcoin mine

Now you can mine Bitcoin. Someone please explain! Here is a photograph (right) of Haobtc’s bitcoin mine site manager, Guo-hua, checking the ‘mining equipment’. Huh!

So where do Bitcoins come from? I’m still trying to get my head around Bitcoin (and cryptocurrency) creation — that “miners” use special software to solve math problems, and are thus issued bitcoins in exchange? Sounds similar to how the central bankers create money… puzzle through some maths. But for the banks it’s much easier — they have a licence to just add a couple zeros to a number.

And while banks try “centralize” control, cryptocurrencies operate as a decentralized payment system. People exchange coin directly — not through the banking system. They function outside government control, and beyond the influence of central banks.

The creators of cryptocurrencies have found a way to play the money game, so to speak.

The Cryptocurrencies

I also had no idea of how many new cryptocurrencies there were — and they are gaining traction — fast. There will soon be 260,000 stores in Japan accepting bitcoin using the Air Regi app.

And in the Daily Reckoning, Louis Basenese writes:

“There are now over 831 cryptocurrencies exchanging hands on the ‘open markets.’ The vast majority trade for just pennies, just like Bitcoin did back in 2010. That means there’s a chance to strap yourself to the next cryptocurrency rocket before it launches into the stratosphere.”

A snapshot of 28 August, 2017 – percentage gains in the alternative currency markets, Source Daily Reckoning Business Insider

1210% rise in one day? What!

But James Rickards, in the Daily Reckoning, writes:

“Governments have been patiently watching blockchain technology develop and grow outside their control for the past eight years. Libertarian supporters of blockchain celebrate this lack of government control. Yet, their celebration is premature, and their belief in the sustainability of powerful systems outside government control is naïve.

“Governments don’t like competition especially when it comes to money… A group of major companies, all regulated by government, have announced a joint effort to develop an open-source blockchain as a uniform standard for all blockchain applications.

“Cryptocurrencies and the Super-Elites Plan …developments all point toward an elite group including the IMF, JPMorgan, the Davos crowd, the IRS, SEC, and other agencies converging to shut down the existing free-wheeling blockchain ecosphere, and replace it with a ‘permissioned’ system under ‘consortium’ control.”

Over the next few months, there is probably an opportunity for the little guy to amass a fortune. Maybe I should try. But the powerful “elite” have invaded countries that opposed the central banking system — so what are they going to do about cryptocurrencies? It would have to be in their “reset” plan. And they are probably working on how to tax and control all the Bitcoin wallets out there.

In the meantime, maybe Gumshoe should start a Crytocurrency subscription — that might, for a few pennies now, fund the organisation into the future?

Will governments ban cryptocurrencies? (video)

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26 COMMENTS

  1. On 22 May, 2010, two Papa John’s pizzas were paid for using 10,000 units of bitcoin — about $30 at the time. A few years later that $30 stake was worth millions.

    Dee, you need a comma after “paid for”.

  2. “There are now over 831 cryptocurrencies exchanging hands on the ‘open markets.’ ”

    Dee, I hope that doesn’t mean literally. Though I wouldn’t put it past them.

    I once saw a production of Aida (maybe by the South Australian Opera Company?) in which the war heroes came home carrying pails of — I’m sorry, don’t read this if it’ll make you sick — hands.

  3. Bitcoin (and the better “alt-currencies” such as ethereum, litecoin and veritasium), plus gold and especially silver will play a role to undermine the Rothschild/Rockefeller/Warburg/Kuhn Loeb central banks and their debt-based, fiat monetary system. Bitcoin is at AUD $14522 today. A year ago it was under AUD$!000. Who knows how high it can go when people REALLY catch on and get involved? Smart money around the world knows what’s coming, and coming very soon. Good luck to “the government” trying to stop it. The same “government” that gave us Port Arthur, 9/11 and every bullshit war in the 20th century?? The same “government” protecting pedophile networks?? Oh, that government.

    A simple explanation of what’s coming, from 20th November, 2017 in San Francisco.

  4. And meanwhile the Russians and Chinese are accumulating GOLD. The amount of gold the Chinese have is unknown, but it has been estimated at over 20,000 tonnes.

    Years ago I read about one of the fellows from GATA (Gold Anti Trust Association) making a trip to China and having a discussion with some gold smelters. Apparently nobody had thought to have a non-disclosure agreement with the smelters. The smelters openly discussed melting down the German gold bars and also American ‘coin melt’ bars from the 1933 confiscation. That gold now sits in China.

    The system will collapse, that is a given. It appears that Russia and China are becoming the new geopolitical powers as the West collapses – and those new powers believe in gold as a basis for money.

    A new currency based upon ‘carbon credits’ is now dead. Such a carbon credit system would have given the PTB more than just control over the money, they could also gain further control by regulating industries (who gets credits and who doesn’t). The Chinese play a long game, I think they will win.

    And YES, the precious metals markets have been heavily manipulated (as in DOWN). It is well known – and those in the know have been taking advantage of it.

    • Hey Terry, I’ve heard the figure of 40,000 tonnes reliably quoted for the Chinese.(Roguemoney) Same for the Russians and the South Africans. What would happen if/when the Chinese and the Russians back their currencies with gold and revalue gold higher simultaneously. Their debt crisis might not look so terrible?? And don’t forget that we have a currency swap agreement with China since April, 2011 (thanks Juliar-only decent thing she did-bitch) Wouldn’t THEIR GOLD be the backing for our currency?? Just like the Yanks did until 15th August, 1971 when Nixon removed the convertability of the US dollar for gold. We might not be in as bad shape as we’re being told. Just need to remove the criminal pedophiles from office.

      • I didn’t know about the currency swap, but when things go upside down with the Western PTB, Australia could make a smoother transition to the new big boys on the block.

        Thanks for that information.

        • Pleasure. I hope the transmission is not TOO smoothe. Our blue-pilled fellow compatriots need to be shaken out of their stupor and that only seems possible if their ATMs stop working, their bank accounts get bailed in, their stock portfolios or their retirement funds get whacked or they are confronted with the Satanic Ritual Abuse issue and its ubiquity in the halls of power. Reading a great book (but horrific) by Joachim Hagopian called “Pedophilia & Empire – Satan, Sodomy, & the Deep State”. It’s a free download. Not for the feint-hearted.

          http://tinyurl.com/pedoempire

  5. The Rothschilds likely created Bitcoins, to manufacture a bit coin may cost 1 cent each or less, to work out through algorithms of possibility added to the increase of value and propaganda, now worth is it 14 thousand dollars, as a ponzi scheme now run globally would be maybe a profit equal to Americas national debt, how many bit coins originally manufactured?

  6. Do not be fooled; the banksters want crypto; it is linked to SDR’s; if, people run for crypto, it will take over central banking; the banksters will get away with accounting for the federal ponzi;

    Not only that, but crypto is developing A.I. who will work for them (until it goes rogue); and, whatever one buys with crypto belongs to the crypto owners – the banksters;

    Further, non-entity is “sat-an”; it wants to assimilate life force energy; two thirds will be mind-controlled and transhumanized; are we not already “worshiping the image of the beast”?

    IF, you wish a natural life then start prepping; seeds, a safe haven far from cities with water; Heaven help us; in peace

    • I wonder if you actually understand the blockchain and the crypto ecosystem?. What is happening is a new revolution, you are either on the train or left at the station. History shows that there has always been some kind of “currency” used as a trading tool. Think tulips, rice, gold, silver, paper, etc.. the real value is in consumer confidence. Gold is only valuable on consumer confidence, however try taking that confidence out of the country… not happening.
      People from all over the world, from all walks of life are watching a new industry and opportunities being born. The International Banking cartel will find it a little difficult to stifle this revolution.

      • Thank You Glenn. You obviously “get it”. I like your analogy “you are either on the train or left at the station”.

        Crypto currencies are simply a 21st century digital value/currency response to the corruption we see in the Central Banking “money out of thin air, debt based system”.

        These evil Banksters aren’t gods. They’re perverts who rely on dirty tricks, evil and blatant propaganda to keep their scheme going. They’re toast. We know and THEY know it.

        It’s beautiful to watch them squirm. Almost feel sorry for them. (NOT)

  7. Uza, think about it.

    Crypto currencies are DECENTRALIZED- THE EXACT OPPOSITE OF A CENTRAL BANK!!!! The source codes are OPEN, i.e. transparent. Central banksters have SECRET meetings , only giving out the minutes of their schemes months and years later. i.e. totally Non-transparent. Furthermore cryptos are digital currencies not generated as a debt and no interest is payable to the banksters. Cryptos are the banksters worst nightmare! The crypto currencies fulfill all the requirements of Sound Money. Fungible,divisible, durable, portable (instantly anywhere on the planet) a unit of account. The last is a store of value over long periods of time and that’s just because they’re new.

    Don’t give me this “mark of the beast” crap.

    If anything, fiat (un-backed paper currencies) are closer to Satanic. Check out the US $1 Federal Reserve Note.

    http://stephansmithfx.com/wp-content/uploads/2010/11/United-States-One-Dollar-Federal-Reserve-Note1.jpg

    Note the freaking pyramid with “the All Seeing Eye” on the left. Now that’s spooky!! Novus Ordo Secularem??? New World Order. Nice plan. They came bloody close to pulling it off and they would have if Hitlery had won/rigged the election.. Now how about we start seeing Trumps 4500 sealed indictments being unsealed and start rounding up these freaks.

  8. Dentists must be miming a gold mine with all those extracted teeth with old gold crowns.
    My dentist pocketed the extractions and made me feel like Silas Marner and embarrassed for wanting my old teeth back.

      • The morgue and crematoriums do a nice business, clean up the rings, jewelry and teeth. The relatives can keep the ashes.

        Soldiers in warfare have often removed the golden teeth of the fallen. The Pacific Islands were notorious for that in WWII. Guys came back with bags of golden crowns as a ‘souvenir’.

  9. Dear Oh dear, has no one being followiing the nwo as exposed by Dr. Day in 1969?
    Over one weekend we wil wake up to new a currency arrangement on a Monday.

    • Yep, I remember that.
      Firstly, they would want to keep it as secretive as possible — to prevent a “run” on the system. And secondly, any new system (reset) would have to be able adapt from the old system if it was overnight. Or it will be a financial false flag… which I think might be hard to detect.

  10. 1969 Dr Richard Day (who worked for Planned Parenthood) gave a lecture in Pittsburg. The following items are relevant on the subject of the cashless society (thanks to Dr Dunnegan):

    “The bringing in of the new system he said probably would occur on a weekend in the winter. Everything would shut down on Friday evening and Monday morning when everybody wakened there would be an announcement that the New System was in place.”

    I presume that would be the northern winter…. (and after Xmas so not to disrupt the shoppers)

  11. Talking about Dr Day — he mentioned “the next step would be the single card and then the next step would be to replace the single card with a skin implant in a place that would be convenient to the skin”

    I noticed that a few days ago there is a…

    “WORLD-first research will track the health and wellbeing of every Victorian child from birth to old age to help beat obesity, asthma, autism etc……The $55 million study, entitled Generation Victoria, will see all 160,000 babies born in 2020 and 2021 invited to take part in one of the world’s largest birth studies, which will collate existing health statistics with new studies in a statewide database.”

    Will they be using implants to monitor these individuals during their life?????

    http://www.heraldsun.com.au/news/victoria/worldfirst-study-to-follow-lifelong-health-of-victorian-infants/news-story/9ff9e921288f180c3be985c2005df381

    • Time to chip the corporate ceos, politicians, msm journos and bankers, they are the problem.
      Best to start at the top and leave the kiddies alone.

  12. “invited to take part”- or lose their Family Tax Benefit A or B payment. These bastards really are brazen. They are SO exposed and still they’re making plans for their NWO.

    See how they like it when they are GPS tracked and incarcerated, assets seized and exposed to public ridicule. Ostracism is evidently worse than incarceration!

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