I figured that it would be best to start the New Year putting everyone's mind at ease.
The banksters are dead...done...finished....the head of the snake was cut off, now it is time for the body to die. It might take a while but it will happen.
Unfortunately, the banksters are lying to you. This is nothing revolutionary.
Do you know what is revolutionary? Blockchain.
Before going any further, perhaps it best to look at what blockchain really is. Most often we get confused because we do not know exactly what something means yet we think we do. This is what allows us to be misled.
According to Wikipedia, Blockchain:
is a decentralized and distributed digital ledger that is used to record transactions across many computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks and the collusion of the network. This allows the participants to verify and audit transactions inexpensively. They are authenticated by mass collaboration powered by collective self-interests.
https://en.wikipedia.org/wiki/Blockchain
The key words are:
-decentralized
-distributed
-across so many computers
-mass collaboration
-self interest
You can also add open and the idea that verification comes according to a set of rules that were reached by consensus.
What is revolutionary about blockchain is that it is a new medium of trust. Trust no longer requires a third party. It is the blockchain itself that is trusted.
Let us now contract that with what the banksters are doing.
Do you recall the latest mantra: "Bitcoin is a scam but we like blockchain"?
This is a total lie. The banksters do not like blockchain. They hate it. It is their downfall. Anything that replaces them being the third party trusted system is a threat. This simply is a case of more misdirection.
Remember, what a bankster states is usually opposite from the truth.
The banksters want to eliminate the Clearing House that settles all money transfers around the world. This third party verification system is slow and expensive. It costs the banksters hundreds of millions of dollars (if not billions) in fees to settle. Ironic that they complain about how expensive third party verification entities are since they collect billions in fees to act in that capacity.
Blockchain is the ideal solution for this. It will speed up the process, lower costs, and increase the amount of trust from all participating since each transaction is open for viewing.
Sadly, this is not what is being set up. What the banksters claim to be a blockchain is nothing of the sort. Instead, the 5 banks involved are establishing is a centralized, controlled, closed system spread across a few computers which the verifying parties are named and use rules they set up themselves for verification.
That is not a blockchain, it is a database. And there is nothing trustworthy about a database.
In essence, the banksters want to eliminate a third party verification entity which is not a participant in the markets for them who are involved as market makers. And to boot, they want the world to trust them that they will act accordingly.
It is best to remember that we are talking about those institutions that were at the heart of the financial crisis 10 years ago and, who, at every turn, have shown they lack any moral compass when it comes to their behavior. They will act only in their own self interest to maximize the money they make including entering into the illegal arena. This is a fact they keep proving on a regular basis. Even when there is an entity looking over their shoulder, they take every opportunity to cheat.
And now they want to eliminate the third party verification entity on settlements and have it under their domain. Call me crazy but, for some reason, I do not trust them. I mean, can anyone say for certain that they will even block the transactions and then chain them? Why would they? Who is going to know if they did or not? With a closed database, nobody can see anything other than what they want you to see.
That is, until they get hacked which is the other piece of the equation. Databases get hacked all the time. Nobody is immune from it. These institutions have been hacked on numerous occasions. When they put together their settlement database, it is only a matter of time before it gets hacked. And where do you think those documents end up? My guess is Wikileaks will have a nice expose that day.
This is just another con job by the banksters. Here are entities that were shown to be selling their customers a long position while another part of the bank was placing leveraged short positions on the same assets. Now, they are looking to kill the one entity of trust in the settlement of financial transactions. Does anyone seriously think this will end well?
The one major difference this time, there are alternatives out there. As the banksters are exposed, further eliminating the trust other entities have in them, companies can move their business elsewhere. By that time, blockchain use for transactions will be commonplace. Entities all over the world will flee the bankster system for one it can rely upon.
Remember, the most revolutionary aspect of the blockchain technology is how it changes where we place our trust.
In the future, it will not be with the banksters.
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