Cryptocurrency Is The Replacement For The Eurodollar System
We are seeing times changing. The world of delfationary money is upon us; something that took place in the last 15 years.
In this video I discuss how cryptocurrency serves a huge function. We are starting to see the serious implications of deflationary money.
▶️ 3Speak
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Let Hive lead the charge.
That does make sense. The financial system is being strangled and I definitely think it has due to QE. The derivatives aren't really building much faith with people either and the Euro just looks like it's falling apart.
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Just curious. If the world has indeed been in monetary deflation for 15 years, how come the inflation narrative is still strong?
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This is what has pushed me to crypto. If you look at how much leftover change we each have after bills and consumables nowadays compared to in the 70’s, we are so much poorer now. The haphazard printing of unlimited money has killed our economy worldwide. For me, it is now a choice between investing in gold, or crypto. Money is a waste of time
Summary:
In this video, the speaker emphasizes the importance of cryptocurrency and digital assets in the global economy. He discusses the complexities of the monetary, financial, and banking systems, highlighting issues like quantitative tightening and liquidity removal. The speaker addresses the offshore non-dollar dollar system, shadow banking system, and the significance of cryptocurrencies like Hive in addressing the shortcomings of traditional financial systems. He also touches upon the limitations of central bank policies and the potential role of cryptocurrency in filling the gaps in the current economic landscape.
Detailed Article:
Task discusses the vital role of cryptocurrencies and digital assets in supporting the global economy amidst the stresses faced by traditional monetary, financial, and banking systems. He argues that ideologies surrounding money, economics, and financial systems can almost resemble religious beliefs. Task emphasizes the need to feed these living organic systems, drawing attention to the consequences when they are not adequately nourished.
The speaker delves into the complexities of the offshore non-dollar dollar system and the shadow banking system, highlighting the massive scale of these systems compared to the official dollar system overseen by the Federal Reserve. He also touches upon the challenges posed by quantitative tightening and liquidity reduction in the markets, shedding light on the deflationary trends that have been persistent for years.
Task goes on to compare the current economic situation to that of the 1970s, pointing out the differences in the expansion of the shadow banking system between then and now. He discusses past financial crises, such as the one triggered by mortgage-backed securities, and the subsequent impacts on the banking and economic landscape. Furthermore, he critiques the inefficacy of central bank policies, particularly in the context of direct injections of money into the economy.
The speaker stresses the significance of cryptocurrencies like Hive in revolutionizing financial services, including collateralization, lending, and payment systems. Task discusses the potential of cryptocurrencies to act as replacements for traditional financial systems that are facing constraints and regulatory challenges. He views cryptocurrency as a solution to the funding gaps in the global economy, especially with increasing consumption rates and economic productivity worldwide.
In conclusion, Task underlines the necessity for alternative systems like cryptocurrencies to step in and support the global economy where traditional mechanisms fall short. He anticipates a crucial role for cryptocurrency in driving economic growth, facilitating trade, and addressing the challenges posed by the current financial landscape.
Notice: This is an AI-generated summary based on a transcript of the video. The summarization of the videos in this channel was requested/approved by the channel owner.