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Topic: Distributed Ledger Technology : The Death of the Dollar!

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Distributed Ledger Technology : The Death of the Dollar!

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Abridged

My name is Jim Rickards.

I predicted that the UK would vote to leave the European Union (the so-called Brexit). Nobody believed that could happen. Once again, those who ignored me were caught completely off guard. This has all been caught on camera, by the way.

Somethingng similar happened when I predicted Trump’s victory on live TV. The so-called experts were giving Hillary a 98% chance of winning right up until election night. So to say my prediction was controversial is a huge understatement. You can actually see how my prediction shocked the TV anchors.

Come March 1st, 2018 I fully expect the Global Elite to Implement a major change to our Financial System - a brand-new worldwide banking system called Distributed Ledger Technology.

Unfortunately, Trump can not stop this. There will be nothing the White House can do. They have no direct control over the institutions that will carry this out. Nobody can stop this. It’s already too late. The global elites’ plan is in motion and my research indicates this new system will be rolled out on March 1.

Once it goes live, here’s what I expect to happen.  Under the guidance of the International Monetary Fund (IMF), global elites will use that new financial system to replace the US dollar with their own globalist currency. This new currency will be off limits to everyday folks.

With the globalist currency replacing the dollar, demand for Treasury bonds will dry up cutting the US government’s main source of funding. We’ll see major disruptions in welfare programs, such as Social Security and Medicare. Those who depend exclusively on Social Security will be out of luck and will watch their checks get cut in half or worse.

But the IMF, which is coordinating this entire thing, has even issued a memo. If you’re looking for Smoking-Gun Proof, It Doesn’t Get Any Better Than This The memo clearly states: “Distributed Ledgers have recently emerged as a key technology supporting multiple applications. The potential exists to transform payments and securities settlement… by offering currency substitutes.” Look, for years the global elites have been quietly laying the groundwork to replace the US dollar with their own globalist currency. With this new infrastructure called Distributed Ledgers… They finally have everything they need to EXECUTE their plan. 

And it’s not just me saying this… Barbara C., a former US Treasury Department attaché to the European Union, was able to infiltrate one of those internal IMF discussions… And she was stunned with what she heard. She said: “If the world seeks to diversify away from the US dollar, then [Distributed Ledgers] could initiate for the IMF an entirely different type of construction project.” Another member of the global elite, Carl T., confirmed that “there’s much anticipation surrounding Distributed Ledger technology.” Their intentions couldn’t be clearer. They’ve already laid out the plan… They’ve set up a special task force… And now that Trump is in power, they’re ready to pull the trigger! Globalists Are Already Preparing to Blame All the Chaos on Trump It’s no secret the global elites hate President Trump. His nationalistic agenda is the exact opposite of the globalists’ hidden agenda of world government, world money and world taxation. Trump believes in “America first,” not globalism… He believes in immigration control, not open borders. He said himself… “There is no such thing as a global anthem, a global currency or a global flag. This is the United States of America that I’m representing.” That’s why he already pulled our nation out of the globalists’ international trade deal known as TPP… And defied global elites by pulling out of their Paris climate accord. headline rip 1 Put simply, Trump is a major threat to the global elites’ agenda. And now they have the perfect plan to stop him. With Distributed Ledgers, I fully expect them to finally implement their plan to replace the US dollar with their own globalist currency… And blame all the chaos on Trump. In fact, the “fake news” mainstream media already started to lay the groundwork for blaming Trump. The U.K. Independent newspaper published an article saying: “The great dollar crisis… will follow the banking crisis and the Great Recession — and it will all be sparked by The Donald.” Even The Wall Street Journal is playing the blame game. They wrote: “Could the new president bring forward the day the dollar loses its reserve-currency status?” The Journal actually quoted me in that specific article. I had to explain to them that global elites are the real threat to America… NOT Trump policies. As you’re about to see, the global elites have been working on this plan to dethrone the dollar for years. It just so happens now they have the perfect scapegoat to execute their plan. It’s Their Chance to END America’s “Exorbitant Privilege” You see, many economists thought our massive government debt would trigger a dollar crisis. But they’ve been proven wrong again, again and again. Have you noticed that our debt has been exploding for years… And yet, nothing has happened to the US dollar? The reason is simple… The US dollar remains the world’s reserve currency. That means other nations have to hold and use the US dollar for international trade, instead of their own currencies. This creates a virtually unlimited demand for US dollars… And it allows us to print trillions of dollars each year to pay for wars, debt and anything we want. Basically, it’s a license to print money and abuse the global system. And that’s why we’ve been able to accumulate more than $19 trillion in debt without suffering any consequences. As long as there’s no alternative to the US dollar, we can keep doing that forever. Look, our nation had an amazing run with the US dollar as the #1 reserve currency. Because of it, we have the world’s best technology… The word’s most influential culture… The world’s most powerful military… We were able to build a true empire with seemingly unlimited control of the world. But that’s precisely why global elites are sick of the US dollar. How do you think the other 190+ nations feel about the fact we can print a $100 bill anytime we want… While they actually have to pony up $100 of actual goods in order to obtain the same bill? Global elites are sick of what has been called America’s “exorbitant privilege.” And now they’re finally taking action to “fix” this problem. For years, they’ve been working on a plan to replace the US dollar with their own globalist currency. What’s different this time is… they finally have the tool they need to execute their plan. Let me prove it to you… My Predictions on the Globalist Currency Have Been Confirmed Over the last couple of years I’ve been all over TV… from Fox News to CNBC, CNN and Bloomberg… Telling Americans that the financial global elite was planning to issue their own globalist currency called SDRs. And that they would use this new currency to REPLACE the US dollar as the global reserve currency. Jim warning I’ve even written about this extensively in my best-selling books The Road to Ruin and The New Case for Gold. I’m sure some people in the mainstream media thought I was crazy… But the United Nations and the IMF have both CONFIRMED this plan to replace the US dollar is real. The UN said we need “a new global reserve system… that no longer relies on the United States dollar as the single major reserve currency.” And the IMF admitted they want to make “the special drawing right (SDR) the principal reserve asset in the [International Monetary System].” More recently, they advanced their plan by helping private institutions, such as the UK’s Standard Chartered Bank, issue bonds in SDRs. Although our mainstream media ignored this major event, the UK media reported: headline rip 2 This is all happening. And once Distributed Ledgers go live on March 1st, 2018… This trend will accelerate… And many other nations will be able to dump the US dollar for SDRs. Look, you don’t need to be an economist to connect the dots here. But let me sum it all up for you… Fact #1 — The IMF issues a globalist currency called SDRs. Fact #2 — The IMF has confirmed they want to replace the US dollar with SDRs. Fact #3 — The IMF has confirmed Distributed Ledgers can be used for “currency substitution”… and they’ve even set up a special task force. Why do you think they’re so interested in Distributed Ledgers? The IMF wouldn't be looking at this technology to create a dollar payment system. They'd be looking at it to create an SDR payment system, because that's the currency they issue. Remember this picture of the task force I showed you earlier? Take a look again… Group picture See that woman at the center? That’s Christine Lagarde, head of the IMF. When asked about the task force, she said: “As I see it, all this amounts to a brave new world for the financial sector.” Yes, a brave new world where the dollar is no longer the world reserve currency. Barbara C., a former US Treasury Department attaché to the European Union, has reached the same conclusion. She said the link between the globalists’ currency and Distributed Ledgers “is impossible to avoid.” And that “the IMF seems to be exploring the possibility of permitting a broader use of [their globalist currency] beyond internal transactions among member central banks.” Make no mistake… The IMF is planning to use Distributed Ledgers to replace the US dollar with SDRs. And just to be clear… SDRs will NOT be available to everyday folks like you. It’s not something you can have in your wallet. Instead, you’ll be left with devalued dollars.

 

You see, once other nations start accumulating the globalist currency through Distributed Ledgers… They will no longer need to hold dollars. And that will have a DIRECT impact on welfare programs, such as Social Security and Medicare. When we buy things from other nations, like textiles, electronics, etc… We pay them in US dollars. And what do they do with that money? They can’t use it in their own economies. So most of them invest in Treasury bonds. And that’s exactly how our government finances its operations… By issuing Treasury bonds to other nations. Once Distributed Ledgers go live, other nations will no longer need to buy Treasury bonds. And that means our government will no longer be able to finance its normal operations, including welfare programs. I showed you how some private banks have already started to issue SDR bonds. That process will accelerate once Distributed Ledgers go live… With many other nations dumping US Treasury bonds in exchange for SDR bonds… Essentially cutting the funding of the US government… And YOUR Social Security and Medicare.

Because the transition from a US dollar system to a new system dominated by SDRs will be messy. Stocks will collapse… and will stay down. There will be no recovery this time. Because the US government won’t be able to come to the rescue, like they did in 2008. They won’t even have funding for normal operations… Let alone to save stock investors.

 

Letet me explain exactly how Distributed Ledgers work… The IMF-Led Currency Coup… Revealed As I mentioned before, most international financial transactions are conducted in the US dollar... And that means they must pass through the US banking system’s network. This gives the US government an incredible amount of power. They can not only see all the transactions, but stop, trace or freeze them. For example, in 2014 the Obama administration fined French bank BNP Paribas $9 billion because they did business with Cuba and Iran. The bank didn’t break any French laws. But the US government threatened to kick them out of the US banking system if they didn’t pay the fee. Since the US dollar plays such a key role in international trade… Being kicked out of the US banking system is like a death sentence. As long as the US dollar remains the world’s dominant reserve currency… International financial institutions must be able to clear and settle US dollar transactions if they want to remain in business. That’s why French bank BNP Paribas paid the fee. Something similar happened with Britain’s Standard Chartered Bank, Germany’s Commerzbank and Switzerland’s UBS, among others. But what if global elites could set up another network beyond the reach of the US government… And What if Other Countries Could Use That Network to Settle Their Transactions in SDRs, Instead of the US Dollar? That’s exactly what Distributed Ledger technology is all about. It’s a new financial technology to clear and settle international financial transactions. With this distributed system, America will no longer have a stranglehold over the world’s international finance system. It allows foreign banks and other institutions to conduct transactions in SDRs instead of dollars… And transfer funds across international borders without using America’s payment system. You see, for years the IMF has been planning to replace the US dollar with SDRs… But they didn’t have the infrastructure necessary to make that happen. They didn’t have a decentralized payment system that could facilitate wide adoption of SDRs. Now they do! With a Distributed Ledger, it will be much easier for other nations to dump the US dollar and replace it with SDRs. Since this is an untraceable, encrypted ledger… Countries like China and Russia will be able to invest in SDR bonds… and the US government will never know. It’s totally outside America’s control. And because it’s a Distributed Ledger, there’s no choke point we can control. That means we can’t stop it. Remember, this is all part of the global elites’ agenda of world government, world money, and world taxation. They’re going for the jugular… Because they know replacing the US dollar with their globalist currency is the ultimate way to transfer power from the US to the global elites. Don’t get me wrong… Your dollars in your wallet or bank account won’t disappear from circulation. When global elites make that switch… That new globalist currency will NOT trickle down to you and me. It will remain at the top of the system, in the vaults of central banks, monetary agencies and global corporations. You won’t have SDRs in your wallet. Instead, we'll be left with near worthless dollars for everyday transactions. The dollar will become just a local currency… no different than the Mexican peso. Just like Mexican pesos are good only in Mexico… The US dollar will be good only in America. They won’t be good anywhere else because other nations will NOT need them. Since they will be using SDRs instead. Like I mentioned earlier, retirees on fixed incomes will be hit the hardest… Because we’ll see major disruptions in welfare programs like Social Security and Medicare. Most seniors will end up on the breadlines… I fully expect this plan to go live on March 1, 2018. As I said, once a Distributed Ledger goes live, the globalist currency will not trickle down to everyday folks like you and me. It will stay at the top and it will be exclusive to the financial elite only.

 

https://pro.awnagorafinancial.com/p/AWN_sdrblockchain_0817/PAWNTC01/?s1=&s2=&s3=1_10596073785943068&h=true



-- Edited by Theoferrum on Wednesday 14th of February 2018 11:34:13 PM



-- Edited by Theoferrum on Wednesday 14th of February 2018 11:46:47 PM



-- Edited by Theoferrum on Thursday 15th of Febr



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Basically, this renders any Oil War irrelevant...

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