/biz/ - Business & Finance

gold down -2%, clown world

I wonder how they're going to distribute all that digital money while keeping cost low.

will they make everyone download coinbase or is the government app going to be how we all get hacked?

>>22752638
fed app

Algorand.

https://medium.com/centre-blog/centre-consortium-announces-algorand-as-an-official-chain-for-usdc-launches-on-mainnet-fa664dec3a0b

https://www.bostonfed.org/news-and-events/press-releases/2020/the-federal-reserve-bank-of-boston-announces-collaboration-with-mit-to-research-digital-currency.aspx

https://www.bizjournals.com/boston/inno/stories/fundings/2018/10/24/mit-spinoff-blockchain-startup-algorand-raises-62m.html

TL;DR?

>>22752619
By threatening all farmers/supply chains / other infrastructure with their lives. As it's always been.

Might wanna look into QNT

>>22752716
The fire rises.

>>22752670
why is the price action garbage tho?

fuck the dystopia is really happening isn't it
did they just casually say they want to replace private banks with the fed?

A spoonfed session. But DYOR of course. Connect these 3 things and you know. It’s all real

https://www.bostonfed.org/news-and-events/press-releases/2020/the-federal-reserve-bank-of-boston-announces-collaboration-with-mit-to-research-digital-currency.aspx

Also pic related

And this:
“ Quant are collaborating with MIT on a Multi-DLT protocol that will be published as an RFC with the IETF.”

>>22752852
They are probably working with this

FUCK ALL KIKES

>>22752924
the switch hasn't been flipped yet

>>22753042
yes

>>22753252
see:
https://www.bizjournals.com/boston/inno/stories/fundings/2018/10/24/mit-spinoff-blockchain-startup-algorand-raises-62m.html

https://medium.com/centre-blog/centre-consortium-announces-algorand-as-an-official-chain-for-usdc-launches-on-mainnet-fa664dec3a0b

>>22752483
Perhaps this will trigger the hyperinflation we’ve all been eagerly awaiting

>>22752670
I've got 1k of ALGO. I love the coin, incredible tech, fantastic team, but honestly I don't know if this coin will ever have real value. I'm just holding in case it does.

ALGO or QNT

make up your mind autists

>Recession insurance bonds

>>22753570
They don’t really have the same usecase. Could be both.
Qnt isn’t a blockchain, but is used for interoperability, so probably they connect something for this.

>>22753570
might as well hold both but then id be giving up a lot of defi exposure

>>22753462
i think that's the idea. how do you deal with trillions in debt? hyperinflate it away.

>>22753732
DeFi is more a short term play right?

>>22752483
When uniswap?

>>22752638
Microchip

the dollar is already digital so I dont understand what this means. it means they are banning cash?

>>22752853
Have you ever danced with the devil in the pale moonlight?

>>22753868
This kind of comment is why biz doesn’t buy QNT topkek retards

>>22753868
yes. they want to be able to trace everything so they can tax you

>>22752483
>DIGITAL DOLLAR IT'S HAPPENING
What does it mean for me and my 10k ALGO stack?

the article is bullshit nonsense written for retards who dont know what money is. just buzzword salad

>>22753903
im never buying your stupid coin. its too jewish

>>22753760
Pretty much. Long physical assets desu fampai

>>22752483
With this, they can make sure the money is actually spent by telling people either spend it or lose it.
Good move.

>>22754212
Just like food stamps via specialized debit card, amirite?

>>22752663
Open standard. You will be able to use any wallet you want as long as you registers your realid, anyone who got an id after 2010 already has a federal realid

>>22753638
Yea there was another discussion about US CBDC in Congress back in June where they said they can even implement NEGATIVE INTEREST rates on the digital cash
>better spend those fedcoins quick, consoomer

>>22753891
No but I fucked yer mum.

Fantom

They will limit what it can be spent on.

>>22752483
What the fuck does this mean for stablecoins like Tether and DAI? Should I exit my Tether?

https://www.imf.org/en/News/Articles/2020/06/03/sp060320-remarks-to-world-economic-forum-the-great-reset


THERE IS NO HOPE IN HOLDING ONTO DOLLARS


SPEND YOUR DOLLARS ON SHITCOINS NOW BEFORE THE GREAT RESET

>>22753972
Truly the smoothest brain right here

>>22752483
Crypto go to zero after this. Not needed government has own solution. Get fkn rekted nazi incels

>>22752483
Except not every american has a crypto wallet. I'm calling bullshit.
Also, the Fed would never just give people money. Corporations yeah, but everyday regular people? Fuck no.

>>22754586
yeah? so?

>>22752483
This has literally nothing to do with cryptocurrencies

>>22754625
they're not going to pick a truly based decentralized solution to this, they'll pick some cucked tech

>>22754402
The us will go after every single digital usd impersonator with full force.

>>22754645
Most people have a bank account though, the banks will be the ones who control everyone's digital wallet, this is also how they will be able to punish people for wrongthink.

ALGO was always the comfiest hold after LINK.

can you imagine still believing that shitty ERC20 tokens are the key to your financial freedom?

>>22752483
>>22754586
>>22754625
>>22754645
>>22754721
>>22754777
airdrop at telegram: to yeetornottoyeet

>>22754645
https://www.banking.senate.gov/imo/media/doc/SIL20449.pdf

>>22754721
Does the cash balance in your bank carry a negative interest? Just imagine if your savings lost 1% every day, by design, forcing you to spend. Where would you keep your wealth?

>>22754777
It is by definition a cryptocurrency designed and distributed by the Federal Reserve. So, tracking where each FedCoin is spent, coding purpose into each FedCoin (can only spend it on food, gas, can only shop at Walmart, etc.).

>>22755011
Bill is just introduced so far. No actions on it.

>>22754355
thats not very nice

>>22754777
So?

>>22755133
It is by definition a digital currency, its not crypto

>>22754212
you do not deserve the height of opulence and comfort that you have lucked into, cockroach

>>22754007
That's exactly why you should buy it if you want money

>>22755133
>Where would you keep your wealth?
honey & gold chains, last forever, and wearable jewelry can be transported anywhere with zero scrutiny

>>22753042
Shit is going down the drain rapidly now. there is no way back.

>>22755133
Land. Property. Nationally and internationally. In climate change resistant and migration resistant areas.

>>22752670
Never stop shilling bro. Live your truth. Bleep blop bloop.

>>22753462
they are hoping so.
Have you seen the velocity of money chart? Its down in doldrums....meanwhile someone pointed out to them that BTC vom chart is 10-20x higher than fiat....its given them an idea.

>>22754586
>negative rebases
henlo ampl

This isn't as bad as it looks. What is essentially happening is that the West has used the pandemic as an opportunity to erase the last 40 years of China's labour. China has become a pest and the West must inflate away the purchasing power of debts held by shitty countries while speculation attacking into a regional, Western currency. Thankfully China has trapped their capital in China and Western houses and will collapse in on itself when it's left with wheelbarrows of worthless debt. Our elites will be safe in the new currency and our plebs will be paid in massively inflated dollars that will keep up with the cost of food, rent and telecommunications.

All will be well and China can have themselves a cry while we let India have a crack at slaving away to become a good global citizen.

The pandemic theater has allowed us to reach peak fiat and transition to technocracy without needlessly killing the puppeteers.

>>22752483
Big Ol' Nigger Titties all jiggly wiggly.

>>22755133
had nothing to do with the article

Every American with a SS# will be assigned a wallet address and account directly with the FED. It’s over. No more privacy. They will force you to spend it, too, as the digital dollars airdropped will have expiration time stamps attached to them. But hey, look at the bright side!
>Automatic Taxes, no need for a CPA
>No bank fraud
>No credit fraud
>No voter fraud
>No ID Theft
Hm. What else...
Yeah, it’s fucked. We’re fucked.

>>22757008
Its the same US CBDC discussed in the OP article.

>>22753042
>did they just casually say they want to replace private banks with the fed?

Yes, it's over , global economic collapse incoming , there is no going back if they cross the rubicon.
Every politician will be giving gibsmedat to everyone wallet before elections causing a total economic collapse.

>>22757102
There are other cryptos to buy as well as precious metals.

>>22752483
Who would have thought?

>>22757102

>>22753042
Banks are all subsidiaries of the FED.
So they are fine for now.

>>22757442
Where do you shop - do they accept crypto? No. Silver? No. As far as storing wealth, yes - that’s what I’m doing. But for living and every day life? Fucked.

>>22757375
>controlled anonymity

>>22752638
>download coinbase
And other coiner delusions

>>22753868

Digital dollar means two things:

1) The government can easily track and trace every single purchase you make.

2) The government can control your spending. It can say, "You are only to spend this money on x, y, or z." It can and will ban you, for example, from buying gold or mining stocks with the digital dollars.

>>22752483
nothing is going happen

>>22757672
That’s not actually how it works you retarded faggot

>>22753868

Digital dollar with U. B. I. means two things:

1) The government can easily track and trace every single purchase you make.

2) The government can control your spending. It can say, "You are only to spend this money on x, y, or z." It can and will ban you, for example, from buying gold or mining stocks with the digital dollars.

3) The government can cut you off if you become a political dissident, e. g. by refusing to take the coronavirus vaccine.

>>22757672
Also, US will raise taxes and institute a sort of VAT on items of value like Gold and other PMs

>>22757704
And 4. negative interest rates as other anon said

I add 5. Death of traditional banks

>>22753868

Digital dollar in combination with U. B. I. means three things:

1) The government can easily track and trace every single purchase which you make.

2) The government can control your spending. It can say, "You are only to spend this money on x, y, or z." It can and will ban you, for example, from buying gold or mining stocks with the digital dollars.

3) The government can cut you off if you become a political dissident, e. g. by refusing to take the coronavirus vaccine.

>>22754328
your private keys will be your new social security number

>>22757712
>>22757732

Sorry, you were replying to >>22757736, had to correct a couple of errors.

Yes, negative interest-rates are the main reason why they want to introduce this. To keep the ponzi-scheme going a little longer. And because they can control how you spend the money, you won't be able to buy things like gold, which are a threat to the fiat system.

>>22755176
Neither was her stinkbox.

>>22752483
Democrat NWO horeshit

vs

http://www.pat2pdf.org/patents/pat20200258338.pdf

>>22757704
Because God forbid you do anything to get yourself off their dependency

>>22757756
Also silicon valley would be salivating at this. This gives them even more power.

>>22752483
>zerohedge
ahahahaha

>>22757798
>>22757736

>>22757604
Its an app

>>22757736
but how, physical cash can't disappear not everywhere accepts card payments, not to mention trades. i agree with what you're saying though, i do. but how are they going to do that when physical cash will always exist

>>22753970
Means all crypto was a Ponzi and its coming down sooner than you think!

>>22757736
That never stopped niggers from buying drugs and alcohol with their food stamps. These kinds of things are only generally bad for people who are not resourceful.

>>22756186
land is getting re-distributed in the revolution at the end of the coming economic crisis
Learn to read the times man everywhere zoomers and millenials are either calling landlords scum or saying they want to be landlords

pick crypto. The plebs will accept it.

>>22756906
don't kid yourself anon there will be blood
but as usual it will just be the dumb parts of the upper class and the real puppeteers will stay in power

>>22757928
Indeed, mainly this solves the "banks not lending money to individuals" right now problem.

The FEDs can bypass them and get consumer spending bullish straight away for the foreseeable "Crisis"

The clues have been there the whole time
Coresuckers btafo

>>22758023
Is this bullish for LINK?

>>22752498
For those that don't understand.
The FedNow system is set to go into operation in 2023, so this will be a trial run for it and a way to hold off financial collapse until after the election.

Now, printing money is bad, but please CONSIDER THE FOLLOWING.

Most of the problem is with who gets the money first. Insiders get the money at low interest rates and spend it on real assets AHEAD of the inevitable inflation.
Then prices go up and they sell and repeat the process.
They come to own everything and accumulate enormous wealth.
So...
Giving money directly to the plebs actually would end the most destructive part of the process.

> The year is 2023
> The governments of the world have implemented state-backed cryptos, and forced people to accept negative interest-rates
> Precious metals have been outlawed
> Asset-bubbles are now so large that the top 1% own 99% of the wealth
> A handful of corporations control everything; the middle class has been wiped out
> The real economy now looks like Escape from New York, and is in a third-world state
> Most people are slaves on U. B. I.
> Authoritarianism has overwhelmed the world
> You can only leave your house for basic necessities, and you must carry a mask and a vaccine-card at all times

"Officer, officer! Look! That man over there is trying to transact in silver instead of FedCoin! GET HIM!"

>>22758154
And you believe the jews would allow this?

>>22752483
Bullish BTC

So what tokens are going to be wrapped into the fed dollar

>>22757952
Nobody is coming for farmland in the middle of nowhere. If they wanted it they could go live there for cheap right now. But they don't. They all want starbucks mcdonald onions greens. Charge they phone and what have you

>>22757732
>death of traditional banks
This is the most interesting take right here. If you think about it, the final battle will be banking jews vs. government jews.

Who has more control in the world today?
IMO its the banking jews; always has been. Even just recently:
>Banks laundering Trillions of $
>Banks caught manipulating PM prices - no consequences
Banks can lobby or assassinate their way out of US CBDC implementation. OR they will make a compromise where they get to be the issuers of such digital currency on behalf of the Fed... for a small fee of course.

>>22758308
You type like a chink, and it's chinks who would love to have all the farm land because they already rekt theirs.

>>22758309
>OR they will make a compromise where they get to be the issuers of such digital currency on behalf of the Fed
Will be incredibly hard sell for all stakeholders. Including the people. Both the right and left hate jewish, bankers respectively. Will be a one for talmud if they can pull it off though.

>>22755133
there's already a negative interest through inflation

>>22758219
It's already happening. There is no "if" it happens.
Just do some searching of FedNow.
It will surely just be a way to sate the plebs, but with properly educated plebs it could backfire on them.

The global elite are bending not to break here is my opinion.

>>22757923
a better way to think of it was a beta test. Crypto allowed them to beta test the technology and get the very people who hate the FED to work hard on making the tool the FED will use to enslave the people better.
either way I want my "free" money working is for suckers and I don't care anymore

>>22758600
But its not making people spend. They want you to consoom now. Not tomorrow. Not this evening. But NOW. Order on amazon wallmart no difference. Consoom alone if you must but you must consoom

>>22756906
Sounds like something that would involve trusting Jews a little too much.

>>22758721
if they want me to consume they better send me the money and regularly.
hurry up FED

Obviously XLM https://www.coindesk.com/blockchain-association-board-kraken-0x-stellar

>>22758791
>>22758154
Just a few years away.
They have heard your voice.

>zerohedge

>>22754625
Yeah the government has a long track record of solving problems. Retard

>>22758154
Direct transfers will jawbone velocity higher if they're not careful. Graphite control rods meet positive void coefficent. 3.6% inflation not great not terrible.

>>22758704
>>22757923

Satoshi is Adam Back, the head of Blockstream. Crypto was a scam from the beginning. BTC is fundamentally useless, and everybody else is simply trying to make some quick money by imitating the original scam. No coincidence that pretty much everybody in the crypto-space is a complete and utter degenerate.

https://www.youtube.com/watch?v=XfcvX0P1b5g

https://blog.plan99.net/the-resolution-of-the-bitcoin-experiment-dabb30201f7

when are they air dropping sir and when on Unicef sirs? how much to buy digital dollar where do I send eth

>>22759087
Yes, I agree.
It is not going to unenslave the morons of the world. But people with a brain will be able to use the cash to outrun the inflation and possibly even improve their lives.

Not to mention (I'm an optimist) that services will rise up around the plebs having money like this and it will allow more people than you think to crawl out of the shit hole I think.
The current system is pretty bad.

>>22755462
And for those of us with more than a couple of thousand dollars we’d like to protect?

>>22757865
>not everywhere accepts card payments
What? Like “mom and pop stores”? Have you noticed which stores are closing permanently because pandemic?

>>22759246
fuck off with the youtube university bullshit. his series of videos are informative up to the point where he starts making claims. it’s not adam, satosi nakamoto was a group not a single person you fucking dolt.

>>22759246
Stupidest post of the year possibly.
You have no understanding whatsoever about "Crypto."

It is a TECHNOLOGY and is marketed as money. The technology is incredibly useful and IS THE FUTURE.
Major banking institutions already use it for intra bank payments.

It takes a long time to transfer money securely. Crypto TECHNOLOGY allows secured, confirmed transactions in minutes.

In the exchanges they literally measure the length of your ethernet cord to make sure no one gets any advantage.
You think transaction times 1000x faster is a scam that's going nowhere?

I'm tempted to really insult you, but I'll see how you respond to this.

>>22759534
they’re just another fucking clown who watched some youtube videos and spent some time on twitter and think they know something. People like this make me fucking seethe and rubbit brained shit heads have the gall to speak with such unfounded authority.

>>22758053
I think BCH has a shot in the future to steal significant m. cap from BTC. You can actually use it as a currency.

>>22759470
ah, i see i see.

>>22757865
Anon theyll just ban the use of physical cash. It will have 0 value in a society where digital cash is now the norm. Stores will refuse to accept it because they won't be allowed to

>>22752483
Most dollars are digital as it is anyway

>>22758672
And who do you imagine is behind this redistribution of power? What is their ideology?

>>22752638
Nah, I have a family member in the Fed and they’re actually going to use Uniswap.

>>22759534
>>22759511

Nothing of value in these posts. Angry bagholders.

>>22759747
Their ideology has not changed. It's to decentralize accountability or make it too big to fail when it cannot decentralize. It's to escape accountability and inflict class stasis to wall off their power.

Ultimately, plebs will transact in a currency that expires quickly due to inflation and which cannot actually be used to purchase the means of production or meaningful assets. There will literally be a decentralized currency that can be spent on all things and which people will crab bucket each other for the smallest piece of.

I guess their ideology is just to attain protected power and ultimate freedom of will. What that takes is what we are seeing emerge.

>>22759872
>addresses nothing I said
I made several specific points.
Care to refute one?
>>22759747
Well...I don't know if I'd characterize it that way. I think the elite have one overriding goal and that is to remain in power.
For all the shit in the world, people are waking up, you can see it in your day to day life.
"How can they be taking 25% of my paycheck and then printing a trillion dollars?" people are saying

I know, not many people are saying this, but enough. And the ones that aren't so sophisticated are starting to smell bullshit regardless.
So they are bending to not break imo. It's not going to be a panacea I can assure you.
But I believe it will allow the better of us to actually improve our lives.
*just enough to keep us quiet

good way to implement a UBI without most of it getting vacuumed out of the country in remittance payments

>>22759998
This is part of the reason I’m seriously considering opting out of “productive” society and just milking what I can from what’s left of Rome as it burns. I do wish it hadn’t come to this

>>22758600
yes but goyim are too dumb to understand they are effectively losing money by the day
once they see the money withdrawn out of their account they will really start to feel the burn

>>22759998
>>22760574
What WoW expansion are we in?

>>22760714
I stopped sometime around Burning Crusade but we have to be at least at Scorched Rectum: the spicy angus by now

>>22760714
I never really got into that.
I was almost always shit posting even in my youth.

>>22757776
Blessed digits.

>>22759995
My mind is blown.

>>22759460
Half a million dollars in gold weighs less than your average carry on backpack. There is jewelry made specifically for this purpose.

>>22757742
Oh jesus christ how horrifying.

>>22754332
The whole idea behind getting rid of cash is to push negative interests, so you HAVE to spend your money unless its stolen from you.

>>22752483
What if the XRP schizos are right?
Should I load up my bags? How many XRP to make it?

>>22761395
passive taxation?

>>22761458
>if
There is no reason not to have 100. It's $25 literally.
Will pay off a house by the end if they are right.

>>22761305
Not to even mention clandestine metal objects, how many Zero Halliburton briefcases have you seen and thought they were aluminum, or even made by Zero?

Hi I'm a dumbass and replied to myself.

>>22759460
see
>>22761599

>>22761395
For this to work, physical cash transaction limits need to be legislated so low that they only keep the homeless from starving. Mattress stuffing needs to be rendered impractical. And, hey, they can push this through under the guise of being anti-germ and anti-crime and anti-drugs. You'll of course be able to still operate in a black market, but the prices will be retarded due to physical cash being useless for wholesale and logistics and rentals. People will cheer.

>>22758744
Checked.
Its a in
Much better than what we have now
This gives us a chance.

Anyone who doesnt realise how irrevocably fucked we are
Doesnt understand the need for something like this
To give us a glimpse of a chance.

Proeprty
Food
Guns

Digtal Stellar Dollar

>>22761645
China took coronavirus as an opportunity to take back tons and tons of cash so it could be destroyed to stop the spread of the virus through cash transactions, where that cash was then replaced digitally.

It's not so insane.

>>22752619
they will give people a 12 passphrase

>>22761645
>People will cheer
Back to the Banks vs. Gov battle, banks getting a lot more bad press lately and will surely be a perfect scapegoat for all the problems that FedCoins will solve.

>Ctrl+F
>1 XRP post
You stupid retarded faggots are ngmi we’ve been talking about this for 4 YEARS. 4 YEARS. DIGITAL YUAN HAS BEEN OPENLY IN DEVELOPMENT FOR YEARS, RHE DIGITAL DOLLAR IS BEING DESIGNED BY RIPPLE PARTNERS

>>22761782
You’re retarded and shouldn’t be allowed to invest money in anything.

If your IQ is as low as believe in conspiracy nonsense, you should be locked in an asylum.

First, China become a cashless society since 2010.

Second, almost 70% of Yuan transactions on the street is digitally thanks to Wechat monopoly.

Third, nice wifu you have good taste.

>>22762027
Not only was China not cashless in 2010, it is still not cashless. This is easily researched with just a single search. Your English implies you are Chinese. Also
>You’re retarded and shouldn’t be allowed to invest money in anything

>>22762013
>He thinks Ripple is even tangentially involved

Go back to your general, schizo

Too soon for digital dollar of the kind the Fed actually wants to foist on us.

Yeah, more helicopter money, but, transition isn't possible for removing the bank infrastructure currently in use.

Just my opinion.

>>22762013
Let them be poor. They have literally no excuse.

>>22758285
>So what tokens are going to be wrapped into the fed dollar
None, you bet on the wrong horse

you idiots really fall for anything, don't you?

>>22758704
>But god exist and loves you anon !
Kek, what a shithole

>>22762311
The article says "NEXT crisis"

We arent close to a US cbdc

>>22763365
Its just that they already tried to include it stealthily into the March stimulus bill. Check out proposal H6321 on congress.gov.

>>22762231
>Mfw Accenture is head of the digital dollar project
>Mfw Accenture has invested over 200 million in Ripple
>Mfw Chris Giancarlo from the CFTC and head of the digital dollar project took his time to say XRP is not a security but a currency

>>22753570
They wouldn't use an existing coin. They would just use the tech behind existing ones.

>>22758154
I like how all their models from the latest press event also end in 2023. Three years...

>>22763804
The publicly promised low interest rates are until 2023. After that, there is uncertainty but until then we know we can borrow on a 2 year term and renegotiate a longer term right before the 3 year flip. They will decide where to go from there based on whether things got bull enough.

FUCK CENTRAL BANK KIKES

>>22757102
Great all that and I’m a fucking accountant.

>>22763729
>laughs in fantom

If you know you know

>>22756906
sounds like a legit take, but why wouldn't China just sell their debt now, especially since the fed is buying? Also, among *foreign* holder's of treasuries, it's not just China that holds US debt... https://ticdata.treasury.gov/Publish/mfh.txt

supposedly US investors own the most US treasuries...so I think you should explain your arguement more in light of this. https://www.marketwatch.com/story/heres-who-owns-a-record-2121-trillion-of-us-debt-2018-08-21#:~:text=Americans%20own%2070%25%20of%20U.S..,but%20China%2C%20Japan%20loom%20large&text=By%20and%20large%2C%20Americans.,information%20from%20the%20U.S.%20Treasury.

Rockefeller is happy I bet

>>22758516
come on anon, you cannot be so naive
obviously they will put psyops on it and people will beg the jews to come and save them with their new money, as it always is

>>22758308
>Nobody is coming for farmland in the middle of nowhere.
have you heard of zimbabwe?

>>22765443
If they sell their debt they lose their soft power. A more cynical take is that their strings are being pulled and they can't do it.

>>22763553
Don’t spoonfeed this faggot

>>22754471
ok

>>22754777
>jerry seinfeld doing stand up.jpeg
What's the deal with cryptocurrency?
I mean it's not "crypto" and have you ever actually seen anyone use it as a currency?!?!

>>22766623
You can take your Cripple spoon and shove it up your dick, faggot.

What kind of world are we living in? What happened to freedom? Liberty? The US is so totally removed from any semblance of the ideologies upon which it was founded. Anyone saying the US is a free country is a complete idiot. I'm legitimately worried.

FedCoin will be used for Federal reserve bank transfers only.

>>22754890
So basically we are smart enough to get rich off this shit but then will be thrown in jail for shitposting

>>22767313
"IF YOU HAVE A STRUCTURED-FEDCOIN-A-MOUNT AND NEED CASH NOW CALL 1-877-ANON"

think of the possibilities

>>22767372
They are my FEDcoins and I need them NOW

>>22766890
well, the American idea was cool for awhile, then it got commodified and the rich successfully captured all the levers of power

>>22758309
Banking and government jews are not in competition with each other. They are friends the entire tribe is united. Everything is just a false dichotomy to keep the goyim divided

>>22754471
why is some russian that grew up in the ussr in charge of this lol

>>22766890
Its a centrally planned economy. Markets react and follow what the central planners announce.

>>22754471
btw this is the least intellectual thing ive ever read. cant believe people like this end up in power

>>22758309
maybe the world would collapse in a minute if the government pretended for a second they have what it takes to control their country. it'd be the worlds first in history for the fastest speedrun to the fall of rome

>>22755133
This is retarded, why would hey put a negative interest?
>Hurr durr they want you to CONSOOM!!
Why would they want that? Me having my savings in the bank means that people can take out loans and that they can generate revenue from letting people borrow my money. This makes no sense

>>22768753
As the reserve ratio gets smaller and smaller they need your savings less and less. Besides, we’re caught in a bit of a trap: the velocity of money is very low and they can’t force people to borrow

>>22761395
technically it leaves you to still make more money than that is taken in negative interests, obviously it caters to making fun of big corporations in holding their money, as obviously the lower percents attack huge savings

>>22754257
>Just like food stamps via specialized debit card, amirite
Yes, adam curry on rogan said you will need to go to post office with id and youll get handed a card...sounds like bullshit

>>22761645
i really dont see the majority of people being treated like puppets, per se, but what road had ever been good leading with well intentions? just never seems to work upon creating even bigger government, it was just right the first time when washington and the fathers wrote the constitution, but now the whole things fucked. i dont think anyones out to get the low class, infact they are using the lower classes lack of education for their own greedy motives which is sad, but still they need that majority vote and if the majority suspect something fishy, like it is, the left will eat their own very fast. again i dont believe anything will drastically change but they're slowly stripping the rights given from the constitution's

>>22752663
fapp

but WHEN???

So...Algo or XLM?

>>22769082
This would leave too much room for niggers to commit fraud.

>>22752483
Why do people trust this website? Everything is written by someone named Tyler Durden and they post schizo shit.

Next steps
>here's your digital wallet goy
>here's your UBI goy
>oh sorry not for you, unless you agree to not have children
>oh sorry, goy, you can't spend this on meat, but please eat some more onions and crickets
>take this shot for an extra $50 in your next UBI disbursement
>that post you made wasn't approved by the LGBTQIFBFJS committee; we're fining you 50% of your balance

RIP bitshit

>>22771042
It will be too easy to buy food for 50% off when niggers need to trade their fedneetbux for crack and watermelon.

>king shitcoin
who cares

buy ALGO

i dont know why you retards propose shitcoins like fantom, rsr, etc. as the solutoin. do you think these pajeet tier scams are even on the federal governments radar? im sure big moose deli is partnering as we speak with the IMF.

if tis going to be anything itll be some iso20022 coin

>>22752483
That article is claiming fed printing money is actually deflationary because people hodl USD...what?

Slow speeds, low transaction throughput which is part of the limitations of distributed ledger technologies are cut down and eradicated totally by the @riodefiofficial Rio Chain.

>>22768753
There is no need for banks to have any of your money to make new loans.

As of March the reserve requirement is 0%
https://www.federalreserve.gov/monetarypolicy/reservereq.htm

time to stack that sweet algo and xrp fuck you all fud faggots

>>22771144
Its saying Fed buying bonds to lower yields causes people to hodl USD. The relationship is there (on the graph), but to be honest I don't think its a direct result of QE, but rather:

EVERYTHING IS TOO DAMN EXPENSIVE
so we (millenial losers, immigrants, poorfags) buy less of it.

and boomers already bought everything they could ever want.

>tfw you get FEDcoin and buy BTC with it

>>22752483
Crypto is the future. This digital dollar business will come about in around April 2022. In the next few weeks an event will transpire that will launch us into the next phase of the globalist agenda. The pandemic was sort of a test to see how we react, what's coming next will be much, much worse. I haven't been told exactly what the event is that will happen or what will become of things after it does, but war is the highest probability, and a global one at that.

>>22771798
>he doesn't know what /ourguys/ have cooking
Yeah, try the exact opposite of that.

Look for the man with the boat name.
He will speak of Mendax.
Rich will see light.
Corn will be harvested.
Jr makes a comeback.
Lead will fall through Silver waters and Gold will emerge.

Be gone, peasant.

>>22771391
Then why would they need to buy back our xrp?

>>22768753
imagine still believing in 90s economics lmao

>>22771872
Are you implying silver is gonna go down

>>22757803
why do people laugh at zerohedge? every article I've seen on it so far has been accurate

>>22771936
knee-jerk reaction from people that can't comprehend anyone believing anything that goes against what is said on TV news

digital dollars just flew over my house!

I will spoonfeed you fags one last time:
https://twitter.com/CryptoSeq/status/1308450669913878531?s=20

>>22768753
Because they genuinely believe in keynisianism , the reason it didn't work in 2008 they think is they did it wrong. Not enough inflation you see.

>>22759751
Damn, based

>>22771499
Agreed

>>22752483
i stopped reading at

>zerohedge

>>22772416
>>22758975
>>22757803

I like how all the comments ITT ridiculing zerohedge are just short >zerohedge comments that never explain what's wrong with it.

Probably legit bots.

>>22772681
Can't have the cattle exposed to authentic news

>>22772681
if you've ever read zerohedge, you'll know they're wrong 99% of the time, and report total bullshit. i'd say it's in the same tier as infowars, but it isnt, because alex jones sometimes aligns with reality.

>>22772681
ZH just collects articles from other sites, barely anything there is written by the ZH guy, it's kinda like Drudge but with the whole article copy-pasted instead of links
People just read some b8 headline that pops up on the site and believe it blindly instead of reading the articles, plenty of the stuff on ZH it's pretty useful, I really like the stuff they republish from Real Investment Advice, which sometimes ends up on sites like Marketwatch or SeekingAlpha too

>>22772893
>>22772981
>>22773011
this is just an article about the fed speech. and you can find the fed speech on the official website.
not sure what you guys are on

>>22768753

negative interest on savings account is already a thing in Denmark for example.

>>22772981
>t. normie

>>22771991
A perfect golem.

>>22773090
>1 in 2 danish boys develop breasts
Imagine living with negative interests rates


https://sciencenordic.com/adolescents-denmark-videnskabdk/one-in-two-boys-develops-breasts/1399863

Bump

>>22773714

You will see it in US as well. Fed's attempt at creating inflation has been unsucessful for a long time.

>>22753342
Based and beautiful.

>>22757865
I havn't used cash in 10 years here in sweden.

>>22752619
Through traditional banks? Why would they do it any other way? There's documentation on how they plan to push it through the federal government, and there's documentation on how banks are now licensed to use it. It's the only way that makes sense

Btfd

>>22758154
I was saying this back in '08

>>22752670
based, just bought 10k more

>>22768753

Negative interest rates mean you can prop up the system a little longer by encouraging people into reckless spending. They greatly impoverish people, but keep the opiate illusion of prosperity alive--temporarily.

>>22758154

This isn't right. UBI will impoverish us. It will destroy the currency and further weaken the economy, thus wiping out even more of the middle class and middle-class businesses. Thus causing more and more people to become slaves to UBI in a vicious circle. It will only enrich the top 1% further, who own 85% of the assets, which are inflation-protected. UBI is the final step towards enslaving us all. Not simply economic enslavement, but, with FedCoin, enslavement of our liberty, by controlling what we spend and what we think.

>>22773011
>>22772681

ZeroHedge is linked to by respectable people like Alasdair Macleod and Peter Schiff. People who hate ZeroHedge are NPCs; they're the same people who would refuse to click on a link because it comes from Drudge or Breitbart. It's circular reasoning in their minds. "ZeroHedge isn't left-wing and goes against the mainstream--so it must be wrong." Demonizing ZeroHedge is part and parcel of demonizing and "othering" anybody who supports gold or isn't a Keynesian. (On that note, get ready for whoever replies to this post to attack Alasdair Macleod and Peter Schiff in the same way.)

This thread is an /XSG/ thread

>>22768753

Negative interest rates mean you can prop up the system a little longer by encouraging people into reckless spending. They greatly impoverish people, but keep the opiate illusion of prosperity alive--temporarily.

>>22758154

This isn't right. UBI will impoverish us. It will destroy the currency and further weaken the economy, thus wiping out even more of the middle class and middle-class businesses. It will cause more and more people to become slaves to UBI in a vicious circle. It will only enrich the top 1% further, who own 85% of the assets, which are inflation-protected. UBI is the final step towards enslaving us all. Not simply economic enslavement, but, with FedCoin, enslavement of our liberty, by controlling what we spend and what we think.

>>22773011
>>22772681

ZeroHedge is linked to by respectable people like Alasdair Macleod and Peter Schiff. People who automatically dismiss ZeroHedge are NPCs; they're the same people who would refuse to click on a link because it comes from Drudge or Breitbart. It's circular reasoning in their minds. "ZeroHedge isn't left-wing and goes against the mainstream--so it must be wrong." Demonizing ZeroHedge is part and parcel of demonizing and "othering" anybody who supports gold or isn't a Keynesian. (On that note, get ready for whoever replies to this post to attack Alasdair Macleod and Peter Schiff in the same way.)

there is literally nothing wrong with this

fuck tax evaders
fuck unnecessary middleman private bankers
fuck goldbugs

>>22765252
Holy shit this is cringe

>>22752483
Fiat is already digital, paper is just a meme to keep boomers not feel out of touch.

>>22752483
It'll probably be on Tezos which will bring a new bull run for XTZ. my guess.

I'm thinking Suterusu X polytrade = Asia boom next tho.

>>22771891
They won't. XRP fags need to understand this is all a larp. FedCoin is not going to be related to your XRP stack at all.

>>22776557
based and fedcoinpilled

fuck the financial parasites

>>22776557
Goldbugs are laffin
Yes give away all monetary authority to fed (sjw) and silicon valley (sjw).