The New Financial System: Eliminate Extraction Among Other Things
The present financial system does not serve most of the population. Instead, it exists to see how much they can suck out of them.
In this video I discuss how we are facing a new model, one where the entire system is non-extractive. By developing this from the ground up, we see how we can accelerate the conversion. It happens one dollar, euro, or bank transaction at a time.
▶️ 3Speak
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Lol Yellen has already said they are taking extraordinary steps to make sure the US wont default. We are passing these funding bills later and later looks like we will default later than sooner. With 31 Trillion in debt and the government having to roll the debt into higher interest rates later will soon be here. When that day happens you wont want dollars or you wont be able to afford much with them.
There is no doubt the higher interest rates will cause issues although I dont believe we are long for that. They will drop as the long end of the curve is already showing.
As for the USD, you are presuming it is a currency. The challenge is that it is more than that these days. There is little currency involved in the global financial system.
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True but if you look at the rate of change or adoption of BRICS and the countries involved it paints a very different picture. The Saudis for me wanting to join shows obvious cracks forming hopefully in the next 20 years we can see the conclusion of the fight between fiat and backed currencies. Exciting time to be alive!
When everyone is their own bank: the network redistributes value out to the entire community instead of the elite.
Without a doubt. The international banking cartel will feel the hit.
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The government is so corrupt that there are so many too-big-to-fail companies. The corruption is so real and I really hate what they are doing by shoving everything into some giant omni-bus bill right before the end of the session to get things done.
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That is absolutely true, slow slow cliff. That is how evolution comes off the ground.