Blog | Personal Finance

Trust and Cryptocurrency

Turmoil in the making

In 1910, seven men held a secret meeting on Jekyll Island off the coast of Georgia. It's estimated that those seven men represented one-sixth of the world's wealth. Six were Americans representing J.P. Morgan, John D. Rockefeller, and the U.S. government. One was a European representing the Rothschilds and Warburgs.

In 1913, the U.S. Federal Reserve Bank was created as a direct result of that secret meeting. Interestingly, the U.S. Federal Reserve Bank isn't federal, there are no reserves, and it's not a bank. Those seven men, some American and some European, created this new entity, commonly referred to as the Fed, to take control of the banking system and the money supply of the United States.

In 1944, a meeting in Bretton Woods, N.H., led to the creation of the International Monetary Fund and the World Bank. While the stated purposes for the two new organizations initially sounded admirable, the IMF and the World Bank were created to do to the world what the Federal Reserve Bank does to the United States.

In 1971, President Richard Nixon signed an executive order declaring that the United States no longer had to redeem its paper dollars for gold. With that, the first phase of the takeover of the world banking system and money supply was complete.

Today, the rich are getting richer, but most people are becoming poorer. Much of this turmoil is directly related to those meetings that took place decades ago. In other words, much of this turmoil is by design.

That leads to distrust in the system and distrust in our “leaders".

Let me explain how these occurrences collided to create “government” money and then how that led to the creation of blockchain and cryptocurrencies.

How the banker prints money

People who need money go to a banker and ask for a “loan.” The banker lends out nine of your 10 gold coins. The one gold coin he holds in his vault is the “fractional reserve.” The banker only needs to hold 10 percent—or 1 of your original 10 gold coins—in his vault to meet the “reserve” requirement.

Money has now been printed. Ten coins have become 19 coins through the fractional reserve banking system. Your 10 coins are real money. The nine coins out on loan to borrowers are fake money. Fake money has been printed.

This is where it gets exciting. The person who borrowed nine of your 10 gold coins goes to his or her bank and deposits your nine gold coins. The person who borrowed those nine coins is now issued a CD for nine coins.

The banker holding the nine borrowed coins then lends out 8.1 of the nine coins to the next borrower.

This borrower takes his 8.1 coins and deposits them in his bank. That banker lends out 90 percent of the 8.1 coins to the next borrower… and on and on.

This is known as the Mandrake Mechanism, named after a comic-strip magician character named Mandrake. Mandrake could pull anything out of his hat—exactly as your banker can “pull” money out of thin air.

In this simple example, the original 10 coins have now been expanded to 27.1 coins through the magic of the fractional reserve system of banking. The 27.1 coins are soon 2,710 or more coins through the magic of the fractional reserve system and the Mandrake Mechanism.

The fractional reserve system and the Mandrake Mechanism are how massive amounts of fake money are printed.

Mandrake takes over the world

Think about this: In 1971, the year Nixon took the dollar off the gold standard, the world no longer needed the original 10 gold coins. The Mandrake System of Magic Money took over the world.

Imagine billions of people borrowing and depositing billions of fake dollars in banks all over the world—as Mandrake magically pulls more and more fake money out of his hat.

After the 2008 market collapse, Mandrake the Magician had to pull over $1 quadrillion out of his “hat” to save his Magic World of Money from collapse.

How long can Mandrake keep pulling magic money out of his hat? That’s the question.

The justifiable lack of faith in the Mandrake System and the reality of the corruption of the “controlling elite” who run the Mandrake System through their banks is the reason the world demanded a change… a crypto change.

Ancient money and modern money

Throughout history, “money” has been many different things. Money has taken the form of seashells, colored beads, feathers, live animals, and large stones.

Today there are three types of modern money. They are:

God’s money: Gold and silver

Government’s money: Dollars, Euros, pesos, etc.

People’s money: Bitcoin, Ethereum, ZipCoin, etc.

Central banks are run by the “controlling elite”. These elites do not like gold because central their banks cannot print gold.

Central banks do not like Bitcoin and blockchain because people’s money does not need central banks.

Central banks print government money.

Government money has no integrity.

God’s money and people’s money have more integrity than central bank money.

Today, as I write this, the price of Bitcoin and other cyber currencies are rapidly rising and crashing. Once again, very few people understand how cryptocurrencies or “blockchain technology currencies” are going to affect their lives, their future, and their financial security.

The rising price of gold in 1971 and Bitcoin in 2018 are the rumblings of profound global changes, shifts in global financial tectonic plates, which will cause financial earthquakes and financial tsunamis all over the world.

I do not trust government money. It is fake money. And I do not trust myself. I know I do not know everything. I do not have all the answers. I cannot predict the future, but I know I must prepare for the future. *note if you are interested in knowing the ins and outs of cryptocurrencies you can click here to meet the man who knows more about cryptocurrencies and blockchain than… possibly anyone.

I do not trust the elites who run our governments, banks, or Wall Street. I do not trust anyone who prints fake money.

Bitcoin and cyber money

In 2009, Bitcoin appeared… and cyber money begins to challenge Mandrake’s Magical Money Show.

Mandrake does not like competition. The architects and controlling elite (basically the real Mandrakes) will fight back against cyber money, the people’s money.

People’s money: cryptocurrencies

Bitcoin came on the scene in 2009, just as the banking system was on the verge of collapsing.

One giant advantage of cryptocurrencies and blockchain technologies is trust and security outside the banking system.

As cryptocurrencies evolve, the power of the banking system— Mandrake’s Magical Money Show—will lose its grip on the financial freedom of the world.

The Bitcoin threat

That is why cyber money, people’s money, is such a threat. Many cryptocurrency miners and developers are driven by an intense desire, a passion (and in some cases a hatred) to bring down Mandrake’s Magical Money Show and the invisible leaders or “controlling elite”.

Today, billions of people are trapped in a central banking system owned by the mega-rich.

The central banks are not elected by the people and do not have to answer to the people. That is why gold and Bitcoin are a threat to central bankers.

Bitcoin is the “gold standard” for cryptocurrencies. Bitcoin is a threat to those who print fake money.

The Fed and Bitcoin miners have a lot in common. Both manufacture money. That is why cryptocurrencies are a threat to the Central Bank monopoly on fake money. But, cryptocurrencies are less fake than the fake, government money we already use.

While I am not an expert on cryptocurrencies. I do understand that blockchain technology is the real technology. Blockchain technology is more trustworthy than human beings. Money is dependent upon trust, so I trust blockchain technology more than I do human beings.

Blockchain technology will change the world because blockchain technology is more trustworthy than government money. I prefer gold and silver (God’s money) for the same reason. Gold and silver are far more trustworthy than the people running our governments, banks, and pension funds.

If you’re seeking new and exciting opportunities to achieve your financial dreams, then the world of cryptocurrencies might be a great platform for you to explore. Just know that the future of this marketplace is entirely unpredictable, prices are fluctuating daily and it’s a total gamble at this point. It’s the people versus the government and the controlling elite, so before you jump in, get educated (Click here) to learn from the same teacher I use).

As Benjamin Franklin once said, “An investment in knowledge pays the best interest.” As with any investment, do your research and make sure you’re educated before you plunk down your hard-earned money.