Goodbye Dollar, Hello Ethereum
U.S. Dollar Set to Collapse; Ethereum Will Take its Place; Bitcoin is Trap
Despite how we the american public are repeatedly assured we are no longer in a recession, that unemployment is falling while job growth and wages are increasing … the truth is the exact opposite.
According to Trump, someone who tends to derive ideas and facts from some other dimension, the unemployment rate is “… one of the biggest hoaxes in American modern politics.”
The truth is, there is no “true” unemployment rate. This is why every news outlet seems to have varying numbers and conclusions about whether there are more or less jobs.
The Bureau of Labor Statistics itself reports six different unemployment rates, of which the one the press most commonly cites is called U-3, however anyone with Microsoft Excel and access to B.L.S. and census data could dream up their own version.
Jobs are not being added, they are being taken away, especially as machines and A.I. are now being implemented throughout our society.
The stock market is at record highs and continues to have money pumped into it from central banks and corporations, not from individual investors like you and I.
Corporations are not using their excess cash to build infrastructure, create new jobs, expand the economy … they are pumping their money into the stock market in order to generate profit for shareholders.
Take for example privatized prisons.
They receive federal subsidies for each prisoner, who now collectively have become one of the cheapest labor forces on the planet.
The fish and cheese products you buy at Whole Foods use to be made by Colorado prison inmates. They stopped, supposedly … because we all know corporations are very good at finding loopholes.
Real estate prices are through the roof, creating what is considered to be the ‘strongest sellers market ever.’
This is due to record high debt levels, not just in government, but in household; your friends, your family, you and I …
All asset bubbles are created through leverage and credit … and all bubbles eventually burst.
“Today, we’re in an even bigger financial bubble than we were in 2008 because all of the dollars printed to fix the 2008 bubble has exponentially grown the global money supply and fueled an even bigger credit expansion worldwide.”
The dollar (which in truth is the Petrodollar and is stabilized in value by U.S. military might and aggression) is set to collapse as people begin to see our government is nothing more than the clean up and maintenance crew for corporations … as they plunder the planet for resources with no regard to life of any kind.
So what exactly is Ethereum technology and why is it considered to be the single most valuable technology our species has created thus far (that we know of):
If Ethereum blockchain technology is truly decentralized, why have the powers that be begun to make moves towards Ethereum in place of bitcoin.
They have created the Enterprise Ethereum Alliance, a collection of investors that include J.P. Morgan, Intel, Microsoft, ING, UBS, and dozens of other banks, investment firms and tech companies to:
“… build upon the only smart contract supporting blockchain currently running in real-world production — Ethereum …”
Bitcoin, on the other hand is technically a ponzi scheme … and like all ponzi schemes is doomed to fail.
Then you have the infamous cyber attacks, in which Microsoft systems were hacked and competitor cryptocurrencies to Ethereum, such as Bitcoin and Monero were targeted.
There is also a trend, in which cryptocurrencies, such as Bitcoin and Ethereum drop in value, exchanges go offline so regular investors cannot trade, new currencies or fundraisers are held, absorbing millions in digital currency, and once wealth has transitioned, exchanges come back up.
Just like a seesaw, the elite drive down the price of cryptocurrencies, while sky rocketing either a new currency or project, leaving us out until the end of the day to then attempt to feed on the scraps to salvage our losses.
Billions of dollars are moving into digital currency almost daily.
“We’ve had the total market capitalization of all cryptocurrencies rising three-fold this year — from around US$25 billion to now US$75 billion”
The elites are transitioning their wealth because they know the dollar will soon lose all value.
Russia has already begun to transition their national currency into an Ethereum-based cryptocurrency.
In a Bloomberg report, Putin recently met with Ethereum founder Vitalik Buterin, who is Russian. He has now openly endorsed the cryptocurrency Ethereum.
Russia’s central bank has deployed an Ethereum-based blockchain as a pilot project to process online payments and verify customer data with several lenders.
“The digital economy isn’t a separate industry, it’s essentially the foundation for creating brand new business models,” Putin said.
Despite what you have read about Putin attempting to release his country from the grips of the international banking system, that could not be further from the truth.
Russia’s central bank is a part of the international banking system.
The dollar will soon collapse. It will become worth what it actually is.
A piece of paper.
Once the necessary amount of wealth is transferred into digital currency that will allow the banking system to restructure the planet as they see fit, they will allow this to happen.
A new world, built from the ashes.
Order built out of chaos.
Ethereum technology will be the new global solution for currency, internet, ecommerce, business, data storage, social networks …
A digital currency for an ethereum-based digital age … with Russia leading the charge as the new world empire.