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Sweden explores moving to a digital currency
.thestar.com ^ | Thursday, 31 Dec 2020 | OTT UMMELAS;RAFAELA LINDEBERG

Posted on 12/31/2020 12:50:26 PM PST by RomanSoldier19

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To: RomanSoldier19

This is one of the socialist experiments that never stops stinking, no matter how many times it fails, “Like a dead raccoon under the porch.”

And it is basic economics as to *why* it fails.

To start with, Gresham’s Law, one of those nagging ‘iron rules’ of economics. Basically, if you have two competing currencies, people spend the weaker one and save the stronger one. This makes the weaker one weaker, and the stronger one stronger.

The next economic law is the bane of socialism. It is that “Anything of value that is desired can be used for currency.”

Literally *anything*. This drives socialists nuts, because one of their biggest beliefs is that everything must be parceled out (rationed) from the government to the people.

So socialists go to great lengths to *create* shortages in things people want, or at least the *illusion* that shortages exist, so the people must rely on government for everything they need or want.

My personal experience of this is that my state is a desert state, for the most part, though we have always been judicious with our water. In junior high school I was surprised because in a wetter year, signs popped up urging *residential* conservation.

This puzzled me, because I knew that 98% of our water use was between mining, agriculture, and industry, with the meager 2% for residential use. So why *residential* conservation?

The socialist answer to that was that even so, “It is important to ‘raise public awareness’.” Of what? The inability to do math?

And within a week, the mining industry announced that, to save money, they would no longer use fresh, but recycled water. Thus increasing our state fresh water supply by about 1/3rd.

So when will they be ending the residential conservation plan? Oh, they aren’t.

Which was when I learned one of the great catch phrases used by socialist scoundrels to justify artificial shortages.

“Because it’s important to raise public awareness.”

No, it isn’t. IT IS A LIE to get compliance with another LIE.

In any event, what will be happening in Sweden? Basically their virtual currency scheme will slowly rot, as people figure out ways around it. Eventually they will quietly dispose of it. Which won’t convince a socialist anywhere else that it isn’t a brilliant idea.


21 posted on 12/31/2020 2:04:33 PM PST by yefragetuwrabrumuy ("All men and women were created by the, you know, you know, the thing." -- Joe Biden 3/3/20)
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To: cherry

“it they can blatantly steal elections, they can do anything..”

Do us and yourself a favor and walk thru any federal bureaucrat office. Report back on what you saw. Then seriously tell us that these fat, squishy, low-IQ, soda-guzzling, affirmative action amebas can “do anything.”


22 posted on 12/31/2020 2:13:11 PM PST by sergeantdave (Federal courts no longer have any standing in America. )
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To: RBW in PA
Once it’s digital, it’s theirs not yours. They will control how much you can have,...

It depends. If you control the private key then it's yours. If you don't then it's not.

23 posted on 12/31/2020 2:39:14 PM PST by palmer (Democracy Dies Six Ways from Sunday)
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To: guthunde47
I watched and waited for the crypto currency wallet explanation. Her point about the unnecessary lockdowns and centralization are very valid. Also the PTB very much want technocracy to supplant democracy.

But transhumanism is still far away. Injectable materials to recieve and transmit RF don't exist. The smallest non-powered electronics (i.e. RFID) were about the size of a grain of rice a few years ago. The limiting factor is not electronics which can be much smaller. The problem is getting RF power to the electronics. That requires a relatively large power harvesting antenna. The typical RFID antenna is about 1/2 inch square using lower power. With higher power you can use a smaller antenna but the distance from the antenna has to be a fraction of an inch.

The global ID system is real. It's not injectable. An operating system is not injectable. Not a DNA OS, and not a chip. I turned it off after 23 minutes. Slaves are not valuable any more than people are, and she admits people are clearly expendable. She even admits it "why not downsize the population". She can't make up her mind what the global control system is for.

24 posted on 12/31/2020 3:05:43 PM PST by palmer (Democracy Dies Six Ways from Sunday)
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To: RomanSoldier19; All

Do they remember that the NWO reset docs list total removal of all hard currency and going to a digital one as being critical in their plans

We remember....

They are full speed ahead into getting their Euro block Unigovt in total control of all funds globally.

FUNWO


25 posted on 12/31/2020 3:31:10 PM PST by Swiffer_Ralf (Orig. Eureka_Lead)
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To: guthunde47
I watched the second video, she didn't say anything in particular about central banks and crypto. She said stuff about central bank and globalist desires. She pointed out how bitcoin is in their interest too (to further centralize).
26 posted on 12/31/2020 4:12:56 PM PST by palmer (Democracy Dies Six Ways from Sunday)
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To: Swiffer_Ralf
total removal of all hard currency and going to a digital one

The only hard currencies are gold and silver (maybe copper and lead). Crypto currencies would replace fiat paper currencies. That's not really their goal either, they want the ability to inflate and crypto currencies cannot be inflated.

So what they really want is digital payments in fiat. When they say "convert hard to digital" they want to replace cash with credit. That way they can track everything and control anyone as the need arises.

27 posted on 12/31/2020 4:18:01 PM PST by palmer (Democracy Dies Six Ways from Sunday)
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To: guthunde47

I watched it today. Very interesting.


28 posted on 12/31/2020 4:20:44 PM PST by crusty old prospector
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To: RomanSoldier19
On difference between this and fiat paper currency is that it is easier to track.

When the dollar is finally replaced as a reserve currency, will it be private cryptocurrency? Inquiring minds want to know.

29 posted on 12/31/2020 4:51:56 PM PST by Clemenza
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To: palmer

Only certain cryptos cannot be “inflated” (like BTC) many others can be “Psudo-inflated” thru chicanery (like “XRP”). Also I doubt any government “digital currency” would allow the end user to have their “private key” if it is an encrypted digital currency.
BTC at all time highs recently with government $$ printing and large purchases of BTC by institutions.

https://www.coingecko.com/en


30 posted on 12/31/2020 5:09:57 PM PST by Drago
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To: palmer

Very much agree


31 posted on 12/31/2020 9:18:18 PM PST by Swiffer_Ralf (Orig. Eureka_Lead)
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