Thoughts From DJ: “Why the GCR will Happen”
DJ: DID YOU KNOW?
Sept 1st Post 2024 ( Why the GCR will Happen)
Through all the F-Flags and guesstimated time frames, concerning the release of the GCR, that have failed to manifest, we cannot lose track of the fact that it not only is going to happen but has to happen.
At the core of the GCR proposition lies the desire to rectify the distortions caused by decades of quantitative easing and excessive money printing by central banks. The overproduction of fiat currencies has led to inflationary pressures, devaluation, and growing public debt burdens, eroding trust in existing monetary frameworks. Making the transition to a more robust system is required.
Such a monumental shift entails a comprehensive reevaluation and realignment of world currencies, aiming to address systemic imbalances and restore stability.
The reason it has to happen is apparent. The global financial system, as it stands, is riddled with inefficiencies, vulnerabilities, and inequities that stem from decades of reliance on flawed mechanisms. These issues, including rampant inflation due to excessive money printing, the centralization of power in a few key institutions, and the instability of fiat currencies, demand a comprehensive overhaul.
To fix the system, a multidimensional approach is necessary, addressing how money is valued, the forms of currency in use, and the infrastructure that supports transactions.
A fundamental problem with the current system is the reliance on fiat currencies, which are susceptible to manipulation and inflation.
To address this, the value of money needs to be anchored to a stable and universally accepted benchmark, such as a basket of commodities (including gold, silver, and other tangible assets) or a diversified portfolio of global economic indicators.
This will reduce the volatility inherent in fiat currencies and discourage irresponsible monetary policies that lead to devaluation and economic instability.
The future of currency is leaning towards digitalization, but with important caveats. Electronic currencies offer significant advantages, including efficiency, traceability, and security. However, they must be designed with robust privacy protections and decentralized governance to prevent a***e by centralized powers.
Blockchain technology, with its transparent and unchangeable ledger, presents a foundation for such a system, provided it is scaled to accommodate global usage and its energy consumption is managed sustainably.
Even though the world moves toward digital currency, printed currency will not be entirely eliminated. It remains crucial for ensuring financial inclusion, especially in regions with limited access to digital infrastructure. A hybrid system, where digital currency is the primary medium but printed currency is available for specific situations, is the balanced approach.
The current payment systems are outdated, slow, and expensive, particularly for cross-border transactions. A reformed financial system will employ advanced technologies like blockchain or other decentralized ledger systems to facilitate fast, low-cost, and secure transactions across borders. The key here is interoperability, ensuring that different systems can communicate seamlessly, reducing friction in global trade and investment.
Fixing the global financial system is no small task, but by anchoring money to stable, tangible assets, transitioning to a primarily digital currency system with controlled physical currency, and overhauling payment systems with cutting-edge technology, we create a more stable, fair, and efficient global economy.
In the end these are all mechanisms needed to complete a GCR. But before these mechanisms can be implemented there must be a substantial cultural shift. Cultural acceptance of new technologies, such as blockchain and digital currencies, is critical. This requires overcoming fears and skepticism about digital transformation, especially concerning privacy, security, and the role of traditional institutions. A cultural shift towards embracing innovation, transparency, and decentralization is necessary before these technologies can be effectively integrated into the global financial system.
In our desperation to see the baby we forget there has to be a pregnancy first. Everyone keeps saying the baby is here, but when we ask to see the baby, it’s always “no she is still in labor”. In reality the planet is still working on the relationship ( Cultural Acceptance) and we are just now getting to the get pregnant part.
As for me, skip the pregnancy and show me the baby!!!
DJ