Central bankers, regulators, and governments are threatening them and labeling them as Black Markets .
If you follow the geopolitics, you might reasonably conclude that the dollar’s dominance has peaked and is now declining. The SCO appears to believe there can be a transition away from the dollar, an idea that could turn out to be dangerously wrong at a time of great but generally unrecognised currency fragility. At the heart of the issue there is a worrying lack of distinction between the dollar’s reserve function and its function as the monetary standard from when it replaced gold in 1971. -Alasdair Macleod
As strange as this may sound, a “promise to pay” made by a bank to you is termed money because these promises serve in effect as money. In other words, our global monetary system is made up of things like IOU’s, bonds and guarantees, but there is no actual money.
… open an account with one of the many decentralised peer-to-peer alternative currency exchanges that will become available. These won’t be connected to any bank which means that you can transact anywhere in the world without using dollars, euros or yen. Instead, you will trade with alternative currencies. Naturally, there will be no bank charges, no transaction fees and certainly no interest.
Posted 4 April 2014
International Monetary Fund (IMF) Researcher Michael Kumhof at the London School of Economics talking on “The Chicago Plan Revisited”.
People who are able to think for themselves and outside of the box are sharing their experiences.
The forward looking and courageous decision of the Traditional Lakota Nation to adopt a Crypto-Coin as their national currency will pave the way for other countries in the world to abandon out-dated and dysfunctional forms of fiat currency. MazaCoin will create an economic foundation upon which the Traditional Lakota Nation can build lasting wealth and prosperity for their people. And MazaCoin will take it’s place in the world of Crypto-Currency as a solid Alt Coin backed by the unique legacy of an ancient culture and nation. MazaCoin is another historical first in the grand renaissance of money that is the Crypto-Currency revolution. The entire world will benefit from MazaCoin, and all are welcome to join our community.
IF WE ALL TOOK A MOMENT TO SIMPLY OBSERVE THE WORLD AS IT IS, THE EVOLUTION OF OUR SPECIES WOULD HAPPEN OVERNIGHT.
What if currency was smart enough to act upon a predetermined set of parameters, even after being released to the payee? What if trust never had to be a factor in negotiation for payment, even in a negative trust environment? What if the highly inefficient legal system could be wholly avoided in the risk/reward calculation of a monetary transaction?
Talks Begin in Multinational Gathering of the One People to Repurpose Banks Published by Holly Tucker, Editor, September 8, 2013 http://i-uv.com/portfolio/repurposing-of-the-global-banking-industry-has-begun/ “…The banking industry is going through a reinvention of products and services with some questioning whether banks will know…