Posted on 06/30/2024 6:22:51 PM PDT by delta7
Blockchain-based project mBRIDGE will become the foundation for a new, global alternative financial system. mBridge does not support settlements made in U.S. dollars.
Today, Warwick and Lena discussed how project mBRIDGE works, its structure, key stakeholders as well as the benefits that it will facilitate for the global majority. The discussion focuses on the process of de-dollarization, the BRICS+ bloc and the future of payment settlements.
There are digital payment settlement platforms that will explode with this transition. Many state banks (South Korea, Bank of England, Japan and over thirty other countries) are already setting up access to these platforms. Ripple and Hedera seem to be the platforms of choice. Biden sicced the SEC on Ripple and they are about to settle that case. They will likely be “good to go” without any further regulatory harassment.
With BRICs and the petro-dollar shifting away from the USD now may be a good time to pick up some Ripple (XRP) and Hedera (HBAR).
With BRICs and the petro-dollar shifting away from the USD now may be a good time to pick up some Ripple (XRP) and Hedera (HBAR).
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Maybe now- but definitely NOT when / if the US goes to a sovereign cashless ( CBDC) digital currency. Reason: our government will NEVER , ever allow competing cashless digital systems….first move will be to tax them heavily, then out right abolition.
Reason two: digital currencies become worthless without a power grid (loss of electricity ).
Reason three: Hacks. Everything can be hacked and disabled. Not to long ago I received an official government document stating ALL my information on my security clearance application ( Office of Personnel Management) had been hacked. If “ the most secure” systems can be hacked ( US Government) , private systems will be to. As hostilities grow between the powers, cyber attacks will grow.
….just one look at our most recent ransome hack on our auto dealers: 15,000 dealerships have been unable to sell vehicles.
CNN
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CDK Global is still down heading into the brisk car-selling Fourth of July holiday next week. Auto dealerships use its software to manage everything from scheduling to records, and the mass outage since last week has paralyzed nearly 15,000 dealerships across North America….. CDK said last Saturday that it has begun restoring its software, but both car buyers and dealers are currently at a standstill. It has suggested several times that a fix is in order, only to say then that its systems would remain out of commission for a while longer.
https://www.cnn.com/2024/06/28/business/cdk-massive-car-dealership-outage/index.html
….oh, and lastly, when a U.S. CBDC is instated, banks will no longer be needed. They will be downsized immensely, relegated to credit card maintenance, mortgage issuance, ….transfer of all funds will be quick, easy and free, no interbank problems, fees, etc….so they say.
Is the USD the deep state’s lifeblood?
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NO, a cashless sovereign digital currency ( CBDC) will be manna from heaven for our corrupted government. They will administer it, be able to view ALL money transactions on every US citizen, automatically withdraw/ add $$$ to accounts, with absolutely no independent oversight,….no “ money trails” to expose them IF an audit occurs.
I don’t think that’s going to happen.
As we speak, the USD is the deep state’s lifeblood.
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