Results 1 to 20 of 20

Thread: A New Digital Cash System Was Just Unveiled At A Secret Meeting For Bankers In New York

  1. #1

    A New Digital Cash System Was Just Unveiled At A Secret Meeting For Bankers In New York

    http://theeconomiccollapseblog.com/a...rs-in-new-york



    Last month, a “secret meeting” that involved more than 100 executives from some of the biggest financial institutions in the United States was held in New York City. During this “secret meeting“, a company known as “Chain” unveiled a technology that transforms U.S. dollars into “pure digital assets”. Reportedly, there were representatives from Nasdaq, Citigroup, Visa, Fidelity, Fiserv and Pfizer in the room, and Chain also claims to be partnering with Capital One, State Street, and First Data. This “revolutionary” technology is intended to completely change the way that we use money, and it would represent a major step toward a cashless society. But if this new digital cash system is going to be so good for society, why was it unveiled during a secret meeting for Wall Street bankers? Is there something more going on here than we are being told?

    None of us probably would have ever heard about this secret meeting if it was not for a report in Bloomberg. The following comes from their article entitled “Inside the Secret Meeting Where Wall Street Tested Digital Cash“…

    On a recent Monday in April, more than 100 executives from some of the world’s largest financial institutions gathered for a private meeting at the Times Square office of Nasdaq Inc. They weren’t there to just talk about blockchain, the new technology some predict will transform finance, but to build and experiment with the software.

    By the end of the day, they had seen something revolutionary: U.S. dollars transformed into pure digital assets, able to be used to execute and settle a trade instantly. That’s the promise of a blockchain, where the cumbersome and error-prone system that takes days to move money across town or around the world is replaced with almost instant certainty.


    ...
    (Full article on link)

    Without financial privacy, the Right to interact with others is converted into a Permission, and that Permission is very close to being denied entirely.
    1776 > 1984

    The FAILURE of the United States Government to operate and maintain an
    Honest Money System , which frees the ordinary man from the clutches of the money manipulators, is the single largest contributing factor to the World's current Economic Crisis.

    The Elimination of Privacy is the Architecture of Genocide

    Belief, Money, and Violence are the three ways all people are controlled

    Quote Originally Posted by Zippyjuan View Post
    Our central bank is not privately owned.



  2. Remove this section of ads by registering.
  3. #2
    Who secures their private blockchain? What a joke. Hahaha
    Last edited by kfarnan; 05-03-2016 at 04:55 PM.

  4. #3
    Offhand it sounds like Ripple, digital certs that can be used to transmit any sort of security.
    “…let us teach them that all who draw breath are of equal worth, and that those who seek to press heel upon the throat of liberty, will fall to the cry of FREEDOM!!!” – Spartacus, War of the Damned

    BTC: 1AFbCLYU3G1dkbsSJnk3spWeEwpqYVC2Pq

  5. #4
    Relevant reading - http://www.ronpaulforums.com/showthr...=1#post6105650 (the whole thread)

    I have spent a great deal of time gathering relevant goings-on with regard to what we are seeing evolve in terms of domestic and international financial clearing models and it's infrastructure and polic(ies) in the linked thread for the purpose of easy research for others. As well, steps that we should expect from the west in defense of what is evolving abroad. I've neglected the thread as of late given the lack of interest around here but we're still seeing some monumental things happening on that front. I just never gets discussed in western media or in circles where self proclaimed economic "experts" () in the west congregate.

    Good post, Damian. Timely, too.
    Last edited by Natural Citizen; 05-03-2016 at 04:20 PM.

  6. #5
    LibForestPaul
    Member

    But these transactions would have to be global? Chinese, Russians, Saudis, Germans, Brits, Israelis, all playing nice with digital assets...hard to believe.

  7. #6
    90% of all money is already digital. Banks are looking at BlockChain as a way to track and verify transactions.

  8. #7
    Quote Originally Posted by DamianTV View Post
    Without financial privacy, the Right to interact with others is converted into a Permission, and that Permission is very close to being denied entirely.
    Thanks for the OP - the future is coming fast.

    Financial overhaul needed, but honest money may not be "their" priority.

  9. #8
    "Let it not be said that we did nothing." - Dr. Ron Paul. "Stand up for what you believe in, even if you are standing alone." - Sophie Magdalena Scholl
    "War is the health of the State." - Randolph Bourne "Freedom is the answer. ... Now, what's the question?" - Ernie Hancock.



  10. Remove this section of ads by registering.
  11. #9
    Another move that's sooooo secret that it's just been revealed.

    SDR = One World legal tender.

    Who wants to bear the burden of all that paper and ink when taking over global banking. We'll just trade our paper for digits, get chipped and…

    Zippy can retire.

  12. #10
    SDRs can't become the One World Currency. That is because it is made up of other currencies- the Euro, the dollar, the GB pound, the Yen and the Yuan (starting in October). To make more SDRs they need more of all of these (the total value of all the SDRs in the world is about $300 billion) so to replace the dollar and Euro with SDRs they need more dollars and Euros. If dollars and Euros disappear, so do the SDRs.

    http://www.imf.org/external/np/exr/facts/sdr.htm

    The SDR is neither a currency, nor a claim on the IMF. Rather, it is a potential claim on the freely usable currencies of IMF members. Holders of SDRs can obtain these currencies in exchange for their SDRs in two ways: first, through the arrangement of voluntary exchanges between members; and second, by the IMF designating members with strong external positions to purchase SDRs from members with weak external positions. In addition to its role as a supplementary reserve asset, the SDR serves as the unit of account of the IMF and some other international organizations.
    Last edited by Zippyjuan; 05-10-2016 at 01:15 PM.

  13. #11
    Is Digital Cash no longer an oxymoron?

    I could have sworn it was still an oxymoron...
    Quote Originally Posted by Swordsmyth View Post
    We believe our lying eyes...

  14. #12
    Quote Originally Posted by acptulsa View Post
    Is Digital Cash no longer an oxymoron?

    I could have sworn it was still an oxymoron...
    The gov is oxymoronic. They stole the blockchain for their corrupt system.

  15. #13
    Quote Originally Posted by kfarnan View Post
    The gov is oxymoronic. They stole the blockchain for their corrupt system.
    Government thieves are not oxymoronic.

    Digital cash is oxymoronic. Not government thieves.
    Quote Originally Posted by Swordsmyth View Post
    We believe our lying eyes...

  16. #14


    Hey, look who that is in the background...
    1776 > 1984

    The FAILURE of the United States Government to operate and maintain an
    Honest Money System , which frees the ordinary man from the clutches of the money manipulators, is the single largest contributing factor to the World's current Economic Crisis.

    The Elimination of Privacy is the Architecture of Genocide

    Belief, Money, and Violence are the three ways all people are controlled

    Quote Originally Posted by Zippyjuan View Post
    Our central bank is not privately owned.

  17. #15
    Quote Originally Posted by Zippyjuan View Post
    SDRs can't become the One World Currency. That is because it is made up of other currencies- the Euro, the dollar, the GB pound, the Yen and the Yuan (starting in October). To make more SDRs they need more of all of these (the total value of all the SDRs in the world is about $300 billion) so to replace the dollar and Euro with SDRs they need more dollars and Euros. If dollars and Euros disappear, so do the SDRs.

    http://www.imf.org/external/np/exr/facts/sdr.htm
    Thanks for the spokesperson's version, like we needed that.

    So, what happens when those currencies in the basket crash and burn (seen those countries' CBs balance sheets lately)?

    SDR, chump.

  18. #16
    Quote Originally Posted by Bossobass View Post
    Thanks for the spokesperson's version, like we needed that.

    So, what happens when those currencies in the basket crash and burn (seen those countries' CBs balance sheets lately)?

    SDR, chump.
    Not only that but the "they need more of all of these" line is laughable since the whole point is to digitize currency where it can be totally controlled with the press of buttons on a computer. Need more? *click* *type* *click* DONE
    "Let it not be said that we did nothing."-Ron Paul

    "We have set them on the hobby-horse of an idea about the absorption of individuality by the symbolic unit of COLLECTIVISM. They have never yet and they never will have the sense to reflect that this hobby-horse is a manifest violation of the most important law of nature, which has established from the very creation of the world one unit unlike another and precisely for the purpose of instituting individuality."- A Quote From Some Old Book



  19. Remove this section of ads by registering.
  20. #17
    Quote Originally Posted by Bossobass View Post
    Thanks for the spokesperson's version, like we needed that.

    So, what happens when those currencies in the basket crash and burn (seen those countries' CBs balance sheets lately)?

    SDR, chump.
    Consider the apple pie. An apple pie is made mostly up of apples and some other stuff. The SDR is made up mostly of US dollars and some other stuff (a few other currencies- the dollar is about 42% of it). Let's say we want to replace apples with apple pie- just like replacing the dollar with SDRs. We cut down all of the apples trees and get rid of all them so there are no more apples. But now we can't make any apple pie since there are no more apples so we can't replace the apples with apple pie since we can't make apple pie without the apples.

    If, as you say, the dollar and Euro and the other currencies collapse then yes, they will need to be replaced with something. It just won't be SDRs because they too will cease to exist. New Dollars perhaps?
    Last edited by Zippyjuan; 05-11-2016 at 12:42 PM.

  21. #18
    Quote Originally Posted by Zippyjuan View Post
    Consider the apple pie. An apple pie is made mostly up of apples and some other stuff. The SDR is made up mostly of US dollars and some other stuff (a few other currencies- the dollar is about 42% of it). Let's say we want to replace apples with apple pie- just like replacing the dollar with SDRs. We cut down all of the apples trees and get rid of all them so there are no more apples. But now we can't make any apple pie since there are no more apples so we can't replace the apples with apple pie since we can't make apple pie without the apples.

    If, as you say, the dollar and Euro and the other currencies collapse then yes, they will need to be replaced with something. It just won't be SDRs because they too will cease to exist. New Dollars perhaps?

    Zip, you never did answer my question. This post looks like it was written by the other guy on the ZippyJuan account. Are you in Southern California or England?
    Quote Originally Posted by TheCount View Post
    ...I believe that when the government is capable of doing a thing, it will.
    Quote Originally Posted by Influenza View Post
    which one of yall fuckers wrote the "ron paul" racist news letters
    Quote Originally Posted by Dforkus View Post
    Zippy's posts are a great contribution.




    Disrupt, Deny, Deflate. Read the RPF trolls' playbook here (post #3): http://www.ronpaulforums.com/showthr...eptive-members

  22. #19
    Doesn't seem very secret it it's been posted here.
    freedomisobvious.blogspot.com

    There is only one correct way: freedom. All other solutions are non-solutions.

    It appears that artificial intelligence is at least slightly superior to natural stupidity.

    Our words make us the ghosts that we are.

    Convincing the world he didn't exist was the Devil's second greatest trick; the first was convincing us that God didn't exist.

  23. #20
    Quote Originally Posted by DamianTV View Post
    Without financial privacy, the Right to interact with others is converted into a Permission, and that Permission is very close to being denied entirely.
    Fixed that fer'ye.

    I remember once seeing on one of those horrid shows like 60 Minutes or 20/20, some talking head from "government" boasting that they could take cash away from "us" any time they wanted. That was at least 25 years ago. They've been heading slowly in that direction the entire time. One wonders how Theye feel about bitcoin.
    freedomisobvious.blogspot.com

    There is only one correct way: freedom. All other solutions are non-solutions.

    It appears that artificial intelligence is at least slightly superior to natural stupidity.

    Our words make us the ghosts that we are.

    Convincing the world he didn't exist was the Devil's second greatest trick; the first was convincing us that God didn't exist.



Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •