Caution: Long opinion piece ahead
It’s my feeling that, this would have been the perfect escape pod for humanity had @dirvine had a significant no strings benefactor and the belief that it could actually work as a closed loop.
As it is, we have the best network available, but with an unpredictable exposure to the ‘International Monetary System’ (IMS)
I think it pays to have a little knowledge about what has come before and where, were at now.
Anyone that has looked into paper currencies, will have read that all of them have gone to zero at some point in their cycle…30 years average across the planet overall I think.
And of course when folk talk of ‘fiat’ they should realize that fiat can be, and has been, anything from sea shells to gold and silver i.e 'fiat is simply what government declares it to be, for the purpose of paying taxes.
Gold and silver as ‘fiat’ also moved towards zero over the course of their cycle, due to ‘coin clipping’ and a change in the precious metal content. Silver coinage was taken out of circulation as the commodity price of the metal exceeded face value.
But! the people must still have faith in that ‘fiat’ …and that’s what we have now in the current incarnation of ‘fiat’ …a 100% faith based currency i.e “it’s not worth the paper it’s not printed on”
And the big, but oh so simple kahuna that not many understand is, not only is current fiat 100% faith based, but also 100% debt based.
All money in circulation is borne from debt i.e there can be no money without debt!
That’s why in this world collectively there is over 100 Trillion dollars in debt outstanding. Who is going to pay back that debt? Aliens?
So the SAFEnetwork has exposure to 100 Trillion dollars of debt…and we want to play tricky dicky…and create SAFEdollars and SAFEeuros…lets not get ahead of ourselves I’d say to this.
…and talking about debt, it’s so insidious, do you realize when you get a mortgage from the bank, you are actually borrowing your own money and paying interest on it.
They assess you for the ability to repay over say 30 years…what this means in effect is that you are borrowing from your future, because they don’t actually use their money. Your signature gives the bank permission to create the ledger money on your behalf…from nothing. This the same process for countries when they issue bonds…the whole shebang is 100% ponzi, the greater fool, the cause of inflation and ever rising house prices.
So there you are, ledger money…it’s been around forever (6,000 years+) and at times was backed by 100% metal, then the % of metal required to insure the 100% ledger money, gradually reduced to 0% that we have today.
So when you hear some expert talk about ‘fractional reserve banking’ that’s what they are referring to. Once we got to 0% metal backing, we went to x% paper cash/ electronic ledger money backing, and now were at 0% of anything backing…sort of like a black hole that exists threateningly, but only if you know it’s there…maybe TV didn’t tell the people yet
So actually there is not a Fractional Reserve System…it’s a Zero reserve system i.e there are no reserves backing the ‘money’ and virtually all money comes into existence when it is borrowed. Less borrowing, less money, deflation.
The only real money to an extent is coinage, which is issue by the state treasury and not the central bank (BIS system)
So now when we put ‘money’ into the bank in size, instead of interest, you get charged for the privilege i.e negative % interest…but it gets better.
In the 2008 meltdown aftermath, banks were ‘bailed out’ by governments i.e you (indirectly. But now you get to directly bail out the banks this time around via what is termed 'Bail in’s) It’s simple really, you see…you don’t have any money in the bank! you gave your money to the bank, it’s the banks money. They invest their money in the great ponzi in hope of a return.
When this 100 Trillion ponzi unwinds like a tight coiled spring, all banks will go into the red and will not be bailed out by governments. Instead they will use the deposits that you have given to them to balance the books…you have been ‘bailed in’ …get it? But they aren’t stealing your money really, in return for your ‘bail in’ you will receive a certain type of share in the bank…don’t worry be happy, you now have a share in a useless entity
So if you want to know why the cost of living continuously goes up, debts can never be re-paid whilst the planet is mercilessly plundered, looking no further than the money changers…after all they’ve enslaved the lot of us for thousands of years with this con (confidence trick) there’s that word again.
Anyway, this cant possibly go on,can it…this has to be the end of the road for the money changers and their ‘double entry’ ledger system. Well, may I introduce to you new and improved (infallible actually), ledger system "Triple entry’ ledger/accounting…with extra enslavement features built in.
What is this new improved system … Blockchain (or a variant thereof) yep…3D/Triple Entry Accounting ie a triangle, the unfinished pyramid gets capped.
I was scratching my head, thinking why is there so much corruption, outright theft, blowing bubbles, wanton money printing and subsequent purchasing of so much real stuff like land and buildings? Well if you were an insider and knew what what was coming as the Sting sang "when the world is running down, you get the best of what’s still around.
When we go to a 3D accounting system across all electronic systems…it will become impossible to steal anything without detection!
If you get this, it can only increase your ‘confidence’ in SAFEcoin…which is backed by faith and borne from nothing…but… backed by the worlds Internet 2.0.
Maybe 3.0 will be a closed loop with no fiat exposure?
Feel free to discuss if you feel there are inaccuracies in this post.