Economy is CRATERING! Banks are swallowing, and CBDC is ramping!
China is the way! According to this chart, China is the most cashless society! China is certainly leading the way for how societies will be modeled. It's inevitable!
https://www.zerohedge.com/personal-finance/cash-loving-or-cash-less-society
A few weeks ago I had posted about how the big banks are gobbling up the small banks. It's incredible to see that JPM is the bank of last resort; up until the central bank digital currencies. There is no real difference between the big banks and the federal reserve. There is nothing federal and there is no true reserve. CBDC is simply a bial out for all insolvent banks. It makes no difference how many hot-potatoe hands the bad debt transfers too. The ledger is insolvent.
You can now add First Republic bank getting swallowed. Very interesting chart showing who has been swallowed up by the big banks or too big to fail.
Nevermind he mentions having meetings with the WEF, CCP, and of course developing for the IMF. This gentleman certainly has an incredible rags to riches
BTC too volatile. Money commodity that doesn't act like a speculative investment. Mass adoption fails. He thinks you need something appreciating in value like the USD (over other fiat). So UNI is different. They want it to be a true store of value over a period of time. UMU, minimize. UMU is the new dollar for the world. So they have the same market makers the current banks have.
No pump and dump, but it's the new money commodity with monetary policy that can control the demand.
What is the control mechanism for this new 'coin'. Guarantee the best FX rate for international traders/buyers. So they offer a higher premium as experts in AI. Yield goes back into premium FX rates for buying. So this is why they feel it will have continuous demand to send 'money' across the world
- 100,000,000,000
- No Pre-mine
UMU was $0.05 cents and has doubled every year where it is close to $1.00 today. DCMA UMU is this mans project but doesn't want to be controlled by too many other entities. He has invested 10M and has rejected 100M of offers to keep his own vision. He didn't want other entities controlling his perspective clients. Darrel Hubbard say's this is about his legacy and what he wants to do for the world. He sounds altruistic, in the interview.
He say's he will make Billion's of dollars but it's really about his legacy. People can buy the coin and he wants something to live beyond his life time.
He say's the journalism was false to a degree as they were presenting to IMF and were presented as an IMF project. It's not an official partnership, but more about them reading the white-paper and creating this model.
So they changed the headline. So it looked like I even got the fake news..
They Have a CAO (Centralized Autonomous Organization). Signed NDA's with hundreds of employee's. Basically these are all ghost employee's where there is zero trust but the employee's do not know each other either. Sounds so Shadow OP's!
In any case, this gentleman might think what he is doing is 'better' for humanity, but nothing good came about through too much centralization. The fact that the WEF, IMF, are interested in his work does not mean he won't be bastardized for the central banks around the world. Naive at best, or in bed with the enemy to have a legacy. He is an impressive individual but Harvard, WEF, IMF, Banks all have their own hierarchy that has proven to be corrupt beyond a doubt.
It is really hard to do what Satoshi has done.
Build something, help it grow, and then disappear.
To let your baby, your brainchild go, so it can grow out in the wilds of humanity is really difficult.
Especially if you are a narcissistic, control freak.
Why does this person think they can control demand?
And why does he not know who the IMF and WEF are?
If you are trying to replace that system, build something better than that system, get away from that system. Why would you go talk to them? Enter the lion's Den much?
On the surface it would seem he is the same simply because of the establishment he went too and the people he rubs elbows with. I can't blame him especially since he is a rags to riches story. He loves the system. Harvard is 'elitist' and is propagated by the gangsters.
Naive at best indeed, fun read. I wonder where this dude acquired this unfounded font of confidence?
Not surprised about the banks eating each other either, that's always been like catfish in a swamp.
It's just a matter of time before they infiltrate his legacy and shift it towards achieving their agendas. Perhaps, he's already a pawn in the chessboard. China show no signs of slowing down in furthering their vision of the world.