Awake-In-3D: The Global Currency Reset (GCR): Backing Currencies with Assets
Awake-In-3D:
Explain the GCR to Friends & Family (Part 1)
On October 5, 2023 By Awake-In-3D
In RV/GCR
The Global Currency Reset (GCR): Backing Currencies with Assets
The current fiat debt-based currency system has demonstrated its inherent flaws and vulnerabilities, paving the way for the urgent need of a global currency reset (the GCR). The evidence of its failure is apparent in several key indicators that highlight the unsustainable nature of the current system.
Awake-In-3D:
Explain the GCR to Friends & Family (Part 1)
On October 5, 2023 By Awake-In-3D
In RV/GCR
The Global Currency Reset (GCR): Backing Currencies with Assets
The current fiat debt-based currency system has demonstrated its inherent flaws and vulnerabilities, paving the way for the urgent need of a global currency reset (the GCR). The evidence of its failure is apparent in several key indicators that highlight the unsustainable nature of the current system.
Why Our Current Fiat Currency System is Failing
1. Unsustainable Debt Levels
One of the clearest signs of the system’s failure is the exponential rise in global debt levels. As previously mentioned, the United States alone has accumulated a staggering $33.442 trillion in debt, reaching unprecedented levels. This debt burden weighs heavily on economies, hindering growth and imposing long-term liabilities on future generations.
2. Inflationary Pressures
The continuous expansion of fiat currencies has led to significant inflationary pressures. Central banks’ attempts to stimulate economic growth through monetary easing have resulted in the devaluation of currencies and a decrease in purchasing power. The erosion of citizens’ wealth and the rising costs of essential goods and services are direct consequences of this inflationary spiral.
3. Market Volatility and Losses
Market volatility has reached alarming levels, exposing the fragility of the current system. Recent losses in “safe” long bonds, reminiscent of the dotcom bust, highlight the inherent risks associated with relying on debt-based assets. These losses erode investor confidence and magnify the potential for systemic collapse.
4. Central Bank Intervention
Despite the efforts of central banks to manipulate interest rates and inject liquidity into the market, their actions have proven ineffective in averting crises. The inability to curb market volatility and stabilize economies demonstrates the limitations of these interventions, further emphasizing the need for a fundamental shift in the system.
The GCR Solves the Failure of Fiat Currencies
In light of these clear indicators, backing currencies with tangible assets becomes a crucial component of a global currency reset. By anchoring currencies to assets like gold and other valuable commodities, we can introduce stability into the system and mitigate the risks associated with uncontrolled monetary expansion.
Historically, gold has served as a reliable store of value and a hedge against inflation. Its limited supply ensures that it cannot be easily manipulated or devalued by governments or central banks. By reintroducing gold as a backing for currencies (the GCR), we restore confidence in the system and provide a tangible anchor for economic stability.
Furthermore, the inclusion of other valuable assets in the backing of currencies can diversify risk and enhance the overall robustness of the system. Precious metals, strategic resources, and even renewable energy assets can contribute to a broader range of assets supporting currencies, reducing the vulnerability to fluctuations in any one commodity.
In conclusion, the failure of the current fiat debt-based currency system is evident in the unsustainable debt levels, inflationary pressures, market volatility, and central bank interventions. A global currency reset that includes backing currencies with tangible assets like gold and other valuable commodities offers a viable solution to restore stability and mitigate the risks associated with uncontrolled monetary expansion. By embracing this transformative approach, we set the stage for a more sustainable and resilient financial future.
Coming soon in Part 2: The Currency Revaluation (RV) and Achieving Purchasing Power Parity
© Awake-In-3D | GCR Real-Time News
Ai3D Website: Ai3D.blog
Ai3D on Telegram: GCR_RealTimeNews
Ai3D on Twitter: @Real_AwakeIn3D
Awake-In-3D: How to Rationally Explain the RV/GCR to Friends and Family
Awake-In-3D:
How to Rationally Explain the RV/GCR to Friends and Family
On October 5, 2023 By Awake-In-3D
In RV/GCR
Are you struggling to explain the RV/GCR (Revaluation/Global Currency Reset) to your friends and family and general non-believers?
Have you lacked the ability to lay out a factual and logical base case?
Perhaps you have been struggling yourself to rationalize the whole RV/GCR scenario.
Fear not, because after reading this six-part article series, you will have the tools you need to understand and explain the RV/GCR to even the most stubborn naysayers around you.
Awake-In-3D:
How to Rationally Explain the RV/GCR to Friends and Family
On October 5, 2023 By Awake-In-3D
In RV/GCR
Are you struggling to explain the RV/GCR (Revaluation/Global Currency Reset) to your friends and family and general non-believers?
Have you lacked the ability to lay out a factual and logical base case?
Perhaps you have been struggling yourself to rationalize the whole RV/GCR scenario.
Fear not, because after reading this six-part article series, you will have the tools you need to understand and explain the RV/GCR to even the most stubborn naysayers around you.
What you will learn:
The forces driving Our RV/GCR
The crisis we face in the current Fiat Debt Currency System
The reasons for a structured Debt Jubilee
The case for eliminating all personal income taxes
The potential of decentralized digital currencies (not CBDCs on a Unified Ledger)
Why eliminating central banks, restoring control to Sovereign Treasuries, and returning States’ Rights under the organic United States Constitution is imperative.
My goal is to guide you through a rational and comprehensive explanation of Our RV/GCR in simple terms you can discuss with anyone outside of our community.
This includes the various aspects of the RV/GCR, examining its implications, benefits, and the potential for a transformative financial reset.
In Part 1, we will start by defining the RV/GCR and examining its historical context.
By understanding its origins and the driving forces behind it, we can lay a solid foundation for future discussions.
Part 2 will explain the challenges and shortcomings of the current fiat debt-based currency system.
Through a critical analysis, we will highlight the need for a comprehensive reset and the potential benefits it can bring.
Moving into Part 3, you will gain a rational case for a Debt Jubilee and the elimination of personal and public debt.
This powerful measure aims to alleviate the burden of debt, stimulate economic growth, and promote social justice. Drawing upon real-world examples, we will demonstrate how a Debt Jubilee can be a catalyst for a fresh start and a more sustainable financial future.
In Part 4, we will discuss the restructuring of taxation and the elimination of personal income taxes.
By examining the impact of personal income taxes on individuals and economies, we will explore the benefits of removing this burden and embracing alternative taxation models.
Through this rational approach, we aim to create a fairer and more efficient tax system that promotes economic freedom and growth.
Part 5 explores the potential of decentralized digital currencies and blockchain technology.
By embracing these innovations, we can revolutionize the financial landscape and address the shortcomings of the current system.
Through an analysis of decentralization, financial inclusion, efficiency, and innovation, we will uncover the transformative power of these technologies.
Finally, in Part 6, we learn to advocate for the return of full financial control to sovereign treasuries and the restoration of state rights.
By examining the benefits of accountability, national economic sovereignty, and upholding constitutional principles, we will make a rational case for devolving power and decision-making to the local level.
Don’t miss out on this opportunity to gain powerful insight and intelligent conversation skills to explain the RV/GCR to anyone. Even yourself!
Through rational explanations, thoughtful analysis, and a focus on real-world implications, you will equip yourself with the knowledge and understanding to engage in meaningful conversations with friends and family.
Together, we can simplify the complexities of the RV/GCR and foster a deeper comprehension of this significant financial system shift.
CLICK HERE to Read Part 1: A Global Currency Reset (GCR) and Backing Currencies with Assets
© Awake-In-3D | GCR Real-Time News
Ai3D Website: Ai3D.blog
Ai3D on Telegram: GCR_RealTimeNews
Ai3D on Twitter: @Real_AwakeIn3D
https://ai3d.blog/how-to-rationally-explain-the-rv-gcr-to-friends-and-family/
Awake-In-3D: Watch Out Europe – King Dollar is Coming for You
Awake-In-3D:
Watch Out Europe – King Dollar is Coming for You
On October 4, 2023 By Awake-In-3D
In GCR Roadmap: Level 2 Events, Fiat Debt System Collapse
As I observe the global financial system landscape, I can’t help but issue another warning: Europe, you’re in the crosshairs of a relentless currency opponent – the almighty King Dollar.
In this high-stakes fiat currency death match, it’s clear that the Euro is mirroring the painful path of the Japanese Yen.
This is playing out just has I have outlined in the RV/GCR Roadmap.
I have written enough about the Japanese Yen of late, now it’s time to look at what’s happening in Europe and with the Euro. Of course, weakness in Germany’s economy is a serious issue for the Euro going forward as well.
As the Global Fiat Currency System Experiment comes to its logical conclusion, the dollar will be the last fiat currency standing before the end.
Awake-In-3D:
Watch Out Europe – King Dollar is Coming for You
On October 4, 2023 By Awake-In-3D
In GCR Roadmap: Level 2 Events, Fiat Debt System Collapse
As I observe the global financial system landscape, I can’t help but issue another warning: Europe, you’re in the crosshairs of a relentless currency opponent – the almighty King Dollar.
In this high-stakes fiat currency death match, it’s clear that the Euro is mirroring the painful path of the Japanese Yen.
This is playing out just has I have outlined in the RV/GCR Roadmap.
I have written enough about the Japanese Yen of late, now it’s time to look at what’s happening in Europe and with the Euro. Of course, weakness in Germany’s economy is a serious issue for the Euro going forward as well.
As the Global Fiat Currency System Experiment comes to its logical conclusion, the dollar will be the last fiat currency standing before the end.
First the Yen, then the Euro. Perhaps the Chinese Yuan will collapse as well unless the BRICS Alliance gets their feet moving for a new, asset-backed common currency.
Just the Facts
Euro lost nearly 8% against the US dollar since mid-July 2023.
Euro gave up all gains made against the dollar from December 2022 to July 2023.
SWIFT data shows the euro’s share in global transactions dropped from 38% in January to 23.2% in August, the lowest in at least twelve years.
Eurozone’s PMI report indicates significant weaknesses in new orders, business confidence, and employment.
King Dollar vs. Euro: A Grim Snapshot
KING DOLLAR VS. THE EURO IN INTERNATIONAL PAYMENTS
Let’s turn to the cold, hard data. SWIFT, the global messenger for cash transactions, paints a grim picture. In a mere nine months, the Euro’s usage has plummeted from 38% in January to a paltry 23.2% by the end of August.
It’s a shocking nosedive and the lowest level recorded in over a decade – a clear indication that King Dollar is gaining ground.
Euro’s Precipitous Plunge
Europe’s once-mighty Euro is tumbling, and it’s happening at an alarming pace. The Euro, which not too long ago stood strong against the U.S. Dollar, has surrendered its gains from late 2022 to mid-2023.
Since July, it has been on a slippery slope, losing nearly 8% of its value against the relentless King Dollar.
A Parallel to the Japanese Yen vs. King Dollar
This Euro’s descent into the abyss bears an eerie resemblance to the Japanese Yen’s struggles.
Remember when the Yen was a powerhouse? Now, it’s become a shadow of its former self, plagued by deflationary pressures and economic woes.
The Euro is now treading the same treacherous path, succumbing to the gravity of economic uncertainty.
Analysts’ Forecasts: Euro in Peril
Market analysts are waving red flags. Renowned G10 FX analyst Jane Foley asserts that the Euro’s weakness is far from over. On the other side of the battlefield, U.S. analyst Philip Marey predicts a potential technical recession in America, driven by monetary tightening.
Yet, paradoxically, this might bolster King Dollar as investors seek refuge from the Eurozone’s mounting troubles.
Europe’s Unraveling Growth Momentum
Europe, the epicenter of this currency clash, is experiencing a rapid erosion of its growth momentum.
In contrast, the U.S. economy clings to its resilience (for now!).
The Eurozone’s manufacturing PMI paints a bleak picture with declining new orders, deteriorating business confidence, and factory job losses.
The German index, a bellwether for the Eurozone, has plunged deeper into recession territory.
A Minor Help: Eurozone Price Pressures Ease
Amid this turmoil, a glimmer of relief for households: price pressures in the Eurozone are fading fast. Output prices are declining at an unprecedented pace, with the exception of the 2008/2009 Great Recession.
This may offer some solace, but it doesn’t mask the Euro’s broader vulnerability.
Forecasts Paint a Bleak Picture
Forecasts have been revised, and the Euro is expected to continue its downward spiral. Once boasting strength against the U.S. Dollar, it’s now projected to plummet further, with EUR/USD expected to hit 1.02 in the next three months.
Europe’s future appears mired in uncertainty.
Too Little-Too Late: Europe’s Quest for Technological Prowess
In a bid to stay competitive, the European Commission is now assessing the risks of critical technologies, including semiconductors, artificial intelligence, quantum technologies, and biotechnologies.
This echoes the U.S.’s pursuit of technological dominance, although Europe remains in the “assessment phase.”
Wrapping It Up
In conclusion, Europe finds itself in a perilous position. King Dollar is on the offensive, and the Euro’s mirroring of the Japanese Yen’s decline is cause for alarm.
With economic troubles, political turmoil, and global trade tensions, Europe’s struggle to fend off King Dollar may prove to be a daunting battle, one with profound implications for the collapse of the fiat currency system and what comes afterwards.
Contributing Article: Global Use Of The Euro Has Collapsed In The Past Nine Months
The Global Fiat Currency System must at or near complete failure before Our GCR will be introduced along with the release of the General Redemptions funding of the RV/GCR.
But how do you track the connected events and progress of the logical conclusion of the Fiat Financial System?
It’s easy when you follow my unique RV/GCR Roadmap right here at GCR Real-Time News
© Awake-In-3D | GCR Real-Time News
Ai3D Website: Ai3D.blog
Ai3D on Telegram: GCR_RealTimeNews
Ai3D on Twitter: @Real_AwakeIn3D
https://ai3d.blog/watch-out-europe-king-dollar-is-coming-for-you/
Awake-In-3D: Today’s Market Bloodbath Explained: The Financial System Foundation is Cracking
Awake-In-3D:
Today’s Market Bloodbath Explained: The Financial System Foundation is Cracking
On October 3, 2023 By Awake-In-3D
In GCR Roadmap: Level 1 Events, Fiat Debt System Collapse
One Domino Event is All it Takes
I get it. You’re not an economic analyst and the financial system foundation can be a complicated thing.
I am not expert either but I will try to make this simple because it’s important.
The whole fiat currency system lives and dies on a chain of events. Once you see how everything is connected, the whole thing will make sense and you’ll have what you need to know as we approach the logical conclusion of the global fiat currency experiment.
Awake-In-3D:
Today’s Market Bloodbath Explained: The Financial System Foundation is Cracking
On October 3, 2023 By Awake-In-3D
In GCR Roadmap: Level 1 Events, Fiat Debt System Collapse
One Domino Event is All it Takes
I get it. You’re not an economic analyst and the financial system foundation can be a complicated thing.
I am not expert either but I will try to make this simple because it’s important.
The whole fiat currency system lives and dies on a chain of events. Once you see how everything is connected, the whole thing will make sense and you’ll have what you need to know as we approach the logical conclusion of the global fiat currency experiment.
To illustrate just how fragile today’s financial system foundation has become, let’s take a look at how one economic event today triggered widespread damage across the entire structure.
At the time of writing this article:
The Nasdaq is down 274 points (-2.06%)
The Russel 2000 is down 31 points (-1.78%)
The S&P 500 is down 71 points (-1.65%)
The Dow Jones is down 503 points (-1.51%)
The U.S. 10-Year Treasury Bond yield is up to a staggering 4.793% (meaning its price/value is falling off a cliff)
The KRE Regional Banks Index is down 2.43% (-2.43%)
The DXY Dollar Index is raging higher against all major global currencies at 107.09
The 30-year fixed-rate mortgage interest hit 7.72% (up 1.45%)
And this is just within today’s trading session.
While the above data is far from a crash scenario, the cause of accelerating weakness across all primary sectors of the financial system foundation stemmed from just one, relevantly minor event this morning.
Today’s “New Job Openings” Report and Its Bloody Effect on the Financial System Foundation
Here’s the key takeaways from this morning’s report:
The US Department of Labor’s job openings data for August showed a significant increase from 8.827 million to 9.61 million.
This represents the largest monthly increase since July 2021 and came as a surprise to markets, strategists, and economists.
Job openings saw a surge in professional and business services, finance and insurance, state and local government education, nondurable goods manufacturing, and federal government sectors.
The market reacted negatively to the news, with yields and the dollar rising, and stocks declining.
So What’s the Big Deal?
Inflation, Inflation, Inflation
The fiat financial system foundation is so tightly interconnected today that only minor pieces of economic news can trigger massive volatility – more so in these times than ever before.
INFLATION is the granddaddy of all fiat financial system foundation indicators.
It’s the Original Gangster of fiat currency racketeering and an absolute requirement for a debt-based system to function.
However, too much inflation erodes purchasing power, creates uncertainty, and hurts those on fixed incomes, while too much deflation can lead to economic stagnation, increased debt burdens, job losses, and asset bubbles.
The bottom line is that too much inflation or deflation leads to fiat financial system disaster. This is why central banks consistently strive to maintain the 2% constant inflation rate they always talk about.
INFLATION CONTROLS EVERYTHING in the fiat currency ponzi scheme.
The Over-connected Financial System Foundation
We are in a period of high, persistent inflation at this time so here’s the breakdown of the key connections:
A) Persistent inflation above 2% causes central banks to raise the overnight funds interest rate to banks and credit unions with the goal of slowing the economy. Jobs and employment are key factors in determining how much and how long they raise this interest rate.
The FED has raised interest rate higher and faster over the past 18 months than in recent history.
FASTEST AND HIGHEST FED INTEREST RATE HIKES IN DECADES (THICK GOLD LINE)
B) This raises all key interest rates (debt payments) to people, businesses, and governments throughout the financial system foundation.
Take a look at the trend of the 30-Year Mortgage rate.
30-YEAR FIXED-RATE MORTGAGES MAKING HOMES UNAFFORDABLE FOR MOST FAMILIES
C) This causes Treasury markets (government debt) to see prices/value fall and bond yields rise. The 10-year U.S. Bond yield is the highest rate (lowest value) it’s seen in decades.
US 10-YEAR BOND YIELD HIGHEST IN DECADES = LOWEST VALUE IN DECADES
D) Higher bond yields cause investors to begin moving cash out of stocks and into money market funds (typically denominated in US Dollars) because they offer high returns at near zero risk.
TODAY’S MARKETS ARE DOWN SIGNIFICANTLY AS INVESTORS SELL STOCKS AND PUT CASH INTO MONEY MARKET FUNDS
E) Global demand for dollar-denominated money market funds and bonds causes the dollar to strengthen dramatically against other global currencies.
DEMAND FOR US DOLLARS IS MAKING THE USD SUPERMAN-STRONG AGAINST OTHER CURRENCIES
F) Lower bond prices/valuations begin to increase the unrealized losses at banks across the board because they hold long-term treasury bonds as assets. As the value of these bond assets decreases, banks take losses at an accelerating pace.
KRE INDEX: REGIONAL BANKING STOCK PRICES HAVE FALLEN SIGNIFICANTLY IN THE LAST FEW DAYS
G) Increasing losses cause banks to get stingy with issuing new loans, and if they do, those new loans are at much higher interest rates (profits to the bank) to offset their growing bond losses.
H) Fewer loans from banks, at higher interest rates, inflict serious damage on personal and private real estate financing (the cost of borrowing goes way up). Consequently, housing, office and retail real estate markets begin to steadily devalue.
I) Because everything becomes so expensive throughout our debt-dependent system, people buy less stuff, business sell less stuff, and this should lead to fewer jobs, higher unemployment and lower pay to workers.
J) At this point, central banks would begin lowering the key interest rate which begins to reverse all points 1 through 9 above.
At least that’s how it’s supposed to work. But not this time around!
Even at the highest central bank interest rate levels we have seen in decades, it’s not having the historical effect it should have on today’s economy.
Unemployment remains at record lows and today’s new job openings report came in shockingly high which means the FED will not lower rates any time soon. In fact, they will probably keep raising rates.
Consequently, the financial system foundation of stocks, bonds, dollar strength and banks are all in turmoil simultaneously.
This is just the beginning as the global fiat currency system comes to its logical conclusion.
The Global Fiat Currency System must at or near complete failure before Our GCR will be introduced along with the release of the General Redemptions funding of the RV/GCR.
But how do you track the connected events and progress of the logical conclusion of the Fiat Financial System?
It’s easy when you follow my unique RV/GCR Roadmap right here at GCR Real-Time News
© Awake-In-3D | GCR Real-Time News
Ai3D Website: Ai3D.blog
Ai3D on Telegram: GCR_RealTimeNews
Ai3D on Twitter: @Real_AwakeIn3D
https://ai3d.blog/todays-market-bloodbath-explained-the-financial-system-foundation-is-cracking/
Awake-In-3D: Real-World Quantum Computing Powering the QFS and GCR
Awake-In-3D:
Real-World Quantum Computing Powering the QFS and GCR
On October 2, 2023 By Awake-In-3D
In GCR Roadmap: Level 3 Events, RV/GCR
The quantum revolution is upon us, and as we inch closer to the implementation of the Quantum Financial System (QFS) and the Global Currency Reset (Our GCR), it is useful to spotlight the critical role that quantum computing play in this monumental transformation.
One standout in the realm of quantum computing is IonQ—a pioneering company that is poised to shape the next-generation global financial management systems using Monte Carlo algorithms, in collaboration with QuantumBasel.
Here’s how IonQ’s quantum computers are examples of real-world quantum computing platforms that could easily form the backbone of the QFS and GCR. I also outline the interesting and aptly-named IonQ-QuantumBasel relationship.
Awake-In-3D:
Real-World Quantum Computing Powering the QFS and GCR
On October 2, 2023 By Awake-In-3D
In GCR Roadmap: Level 3 Events, RV/GCR
The quantum revolution is upon us, and as we inch closer to the implementation of the Quantum Financial System (QFS) and the Global Currency Reset (Our GCR), it is useful to spotlight the critical role that quantum computing play in this monumental transformation.
One standout in the realm of quantum computing is IonQ—a pioneering company that is poised to shape the next-generation global financial management systems using Monte Carlo algorithms, in collaboration with QuantumBasel.
Here’s how IonQ’s quantum computers are examples of real-world quantum computing platforms that could easily form the backbone of the QFS and GCR. I also outline the interesting and aptly-named IonQ-QuantumBasel relationship.
IonQ: A Quantum Computing Powerhouse
IonQ has earned its reputation as a trailblazer in the field of quantum computing, and for good reason. The company leverages cutting-edge technology that harnesses the principles of quantum physics to develop quantum computers that are light years ahead of classical computers in terms of speed, efficiency, and processing power.
The Intriguing QuantumBasel Partnership
In the intricate world of global finance, precision, speed, and reliability are paramount. This is where QuantumBasel comes into play. QuantumBasel is a strategic partner of IonQ, with a shared vision of revolutionizing financial management systems through quantum computing. The collaboration between IonQ and QuantumBasel holds the promise of propelling the QFS and GCR to unprecedented heights.
Monte Carlo Algorithms: A Game-Changer in Finance
To appreciate the magnitude of IonQ’s contribution to the QFS and GCR, it is crucial to understand the pivotal role played by Monte Carlo algorithms in financial management. These algorithms simulate a wide range of potential outcomes by incorporating randomness into calculations, allowing for more accurate risk assessment and asset valuation.
Monte Carlo simulations are the bedrock of financial modeling and decision-making, making them indispensable in the world of global finance.
How IonQ Quantum Computing Elevates Monte Carlo Simulations
Quantum computers, like those developed by IonQ, are uniquely equipped to supercharge Monte Carlo simulations.
The fundamental difference between quantum and classical computers lies in the way they process information. Classical computers, with their binary system (0s and 1s), require sequential processing for complex calculations.
Quantum computers, on the other hand, harness the power of qubits, which can exist in multiple states simultaneously. This quantum parallelism enables quantum computers to explore numerous outcomes simultaneously, significantly accelerating Monte Carlo simulations.
The Quantum Leap in Financial Modeling
The IonQ-QuantumBasel partnership signifies a quantum leap in financial modeling and risk assessment. With IonQ’s quantum computers at the helm, Monte Carlo simulations can be executed at speeds previously deemed unattainable.
This leap in processing power translates to real-time risk analysis, dynamic portfolio optimization, and enhanced decision-making capabilities for financial institutions.
Relevant Evidence for Powering the QFS and Our GCR
As the QFS and Our GCR become integral components of the global financial landscape, the collaboration between IonQ and QuantumBasel represent compelling, real-world evidence for what will power a more resilient, secure, and efficient financial management system.
Quantum computing, with its ability to transform Monte Carlo simulations, will pave the way for enhanced risk management, asset valuation, and investment strategies.
IonQ’s quantum computers, alongside QuantumBasel’s expertise, are at the forefront of this quantum financial revolution, promising a brighter and more stable financial future for us all.
Reference Links:
© Awake-In-3D | GCR Real-Time News
Ai3D Website: Ai3D.blog
Ai3D on Telegram: GCR_RealTimeNews
Ai3D on Twitter: @Real_AwakeIn3D
https://ai3d.blog/real-world-quantum-computing-powering-the-qfs-and-gcr/
***************
Part one: A Real-World QFS Amidst an Imminent Fiat Currency Collapse
https://ai3d.blog/a-real-world-qfs-amidst-an-imminent-fiat-currency-collapse/
Awake-In-3D: A Real-World QFS Amidst an Imminent Fiat Currency Collapse
Awake-In-3D:
A Real-World QFS Amidst an Imminent Fiat Currency Collapse
On October 2, 2023 By Awake-In-3D
In GCR Roadmap: Level 3 Events, RV/GCR
In the ever-evolving landscape of global finance, one cannot help but ponder the inevitable shift that is poised to reshape the world’s monetary foundations and where the QFS comes into play.
The global financial system, burdened by catastrophic debt on a global scale, is teetering on the precipice of collapse.
In this impending financial crisis, the Quantum Financial System, or QFS, is set to play a critical role in orchestrating the Global Currency Reset (GCR).
This article explains the intricate workings of the QFS and its pivotal position in replacing the crumbling fiat currency system, especially as Our GCR looms on the horizon.
Awake-In-3D:
A Real-World QFS Amidst an Imminent Fiat Currency Collapse
On October 2, 2023 By Awake-In-3D
In GCR Roadmap: Level 3 Events, RV/GCR
In the ever-evolving landscape of global finance, one cannot help but ponder the inevitable shift that is poised to reshape the world’s monetary foundations and where the QFS comes into play.
The global financial system, burdened by catastrophic debt on a global scale, is teetering on the precipice of collapse.
In this impending financial crisis, the Quantum Financial System, or QFS, is set to play a critical role in orchestrating the Global Currency Reset (GCR).
This article explains the intricate workings of the QFS and its pivotal position in replacing the crumbling fiat currency system, especially as Our GCR looms on the horizon.
Understanding the Current Financial Crisis
To comprehend the significance of the Quantum Financial System (QFS), it is essential to grasp the precarious state of our current financial system.
For decades, the world has operated on a fiat currency system, where the value of paper money and coins is anchored in governmental declarations.
The stability of this system hinges on the trust vested in governments and central banks to prudently manage the money supply – which isn’t working out so well.
However, trust in this fiat currency system has been eroding, and the global economy finds itself ensnared in an unsustainable doom-loop of debt, inflation, and recurrent financial crises.
The Quantum Financial System (QFS) Explained
Enter the Quantum Financial System, or QFS—a groundbreaking financial technology poised to supplant the outdated fiat currency system.
The QFS is not a mere concept; it is a tangible reality that fuses quantum physics with finance, giving birth to a transparent and robust financial ecosystem.
Harnessing the Power of Quantum Physics
At the heart of the QFS lies the enigmatic world of quantum physics—a scientific field that explores the behavior of matter and energy at the most minuscule scales.
Quantum physics introduces a groundbreaking concept: quantum bits, or qubits.
In stark contrast to classical computers, which operate within a binary system (comprising 0s and 1s), quantum computers can exist in multiple states simultaneously. This remarkable property empowers quantum computing to process colossal volumes of data at unprecedented speeds, all while maintaining airtight security.
Key Features of the QFS
Here’s a basic summary of the critical features that render the QFS a paradigm shift in the realm of global finance:
Asset-Backed Currency: The QFS heralds a new era of asset-backed digital currency, tethering each unit of currency to tangible assets like gold or oil. This infusion of real value enhances stability.
Global Network: The QFS establishes a global network, utilizing Decentralized Ledgers, for the seamless transmission of asset-backed money, transcending borders and centralized control—a true international financial system.
Security and Transparency: Quantum encryption technology fortifies security, rendering hacking and fraud nearly insurmountable. Real-time transaction monitoring ensures complete transparency for all parties involved.
End of Corruption: A primary mission of the QFS is to eradicate corruption, usury, and manipulation within the banking system, holding financial institutions accountable to agreed-upon contracts.
Decentralization: In stark contrast to the current centralized system, the QFS operates autonomously, obviating the need for intermediaries and transaction fees, thus making financial transactions more cost-effective for all.
QFS Decentralized Ledgers Explained
Decentralized ledgers are safer, more secure, and better at protecting personal financial liberties in a digital financial system.
They offer increased security through distributed consensus, safeguard personal financial liberties, resist single-point vulnerabilities, ensure transparency and immutability, promote inclusivity, and reduce dependency on intermediaries.
These advantages make decentralized ledger technology a compelling choice for the future of finance.
Here’s a detailed explanation of why decentralized ledgers are preferable in this context:
1) Enhanced Security Through Distributed Consensus
Decentralized ledgers rely on a network of computers (nodes) spread across various geographical locations. To validate and record transactions, a consensus mechanism, such as Proof of Work (PoW) or Proof of Stake (PoS), is employed. This distributed consensus makes it exceedingly difficult for malicious actors to manipulate or compromise the ledger.
In a unified ledger system, a single point of failure or control exists, making it susceptible to hacking, fraud, and unauthorized access. Decentralization disperses this risk, as altering a single node’s record does not affect the entire network, making it more secure.
2) Protection of Personal Financial Liberties
Decentralized ledgers prioritize user autonomy and privacy. When individuals transact on decentralized platforms, they retain control over their financial data and assets. This contrasts with centralized systems, where financial institutions or authorities may exert control over user funds and data.
With decentralized ledgers, individuals can engage in peer-to-peer transactions without the need for intermediaries, reducing the risk of censorship or restrictions on financial activities. This preserves financial liberties and ensures that individuals have the final say over their assets and transactions.
3) Resistance to Single-Point Vulnerabilities
Centralized ledgers are highly vulnerable to single points of failure. If a central authority or institution experiences a technical glitch, a security breach, or operational issues, it can disrupt the entire financial system. In contrast, decentralized systems have no single point of failure. Even if some nodes experience problems, the network as a whole remains operational, ensuring uninterrupted financial services.
4) Transparency and Immutable Records
Decentralized ledgers offer transparency and immutability, making it virtually impossible to alter transaction records once they are added to the blockchain. This transparency builds trust among users, as they can independently verify transactions. In centralized systems, records can be altered or manipulated, potentially leading to disputes and mistrust.
5) Inclusivity and Accessibility
Decentralized ledgers are often more inclusive and accessible to a wider range of individuals, including those who are unbanked or underbanked. They do not require users to go through traditional financial institutions or meet specific criteria to participate. This open access empowers more people to participate in the digital financial system, promoting financial inclusivity.
6) Reduced Dependency on Intermediaries
In centralized systems, users are heavily reliant on intermediaries, such as banks or payment processors, to facilitate transactions. These intermediaries can charge fees, impose restrictions, and create bottlenecks in the financial system. Decentralized ledgers eliminate the need for intermediaries, enabling direct peer-to-peer transactions, reducing costs, and increasing efficiency.
The Crucial Role of QFS in the Global Currency Reset (Our GCR)
As we stand on the precipice of an imminent Global Currency Reset (Our GCR), the QFS assumes a central role in this epochal financial shift. The GCR is a comprehensive strategy aimed at redefining the values of global currencies, ensuring their parity.
Underpinning this ambitious endeavor is the Quantum Financial System, which offers a dependable and transparent platform for currency exchanges.
Wrapping It All Up
In conclusion, the Quantum Financial System is not merely a technological marvel; it is the harbinger of a more stable and secure global financial paradigm.
As the beleaguered fiat currency system grapples with its impending collapse and the GCR approaches, the QFS stands ready to usher in an era of financial stability, security, and transparency.
While the prospect of change can be daunting, the QFS promises a brighter financial future—a future where trust is founded on the bedrock of quantum physics, ensuring a resilient and dependable global financial system.
But There’s More!
A Real-World Example for Powering the Quantum Financial System and Our GCR
Explore how IonQ’s quantum computers are examples of real-world quantum computing platforms that could easily form the backbone of the QFS and Our GCR. I also explain the interesting and aptly-named IonQ-QuantumBasel relationship.
© Awake-In-3D | GCR Real-Time News
Ai3D Website: Ai3D.blog
Ai3D on Telegram: GCR_RealTimeNews
Ai3D on Twitter: @Real_AwakeIn3D
https://ai3d.blog/a-real-world-qfs-amidst-an-imminent-fiat-currency-collapse/
Awake-In-3D: Why It’s Time to END the FED
Awake-In-3D:
Why It’s Time to END the FED
On October 1, 2023 By Awake-In-3D
The time is now to end the FED! The Federal Reserve, commonly known as the FED, has long been a subject of scrutiny and criticism. Its role in managing the economy and its track record of creating boom-bust cycles have raised concerns among economists and citizens alike.
In this article, I present a compelling argument for canceling the Federal Reserve Bank’s charter in the United States, highlighting the need for a new approach to monetary policy.
Awake-In-3D:
Why It’s Time to END the FED
On October 1, 2023 By Awake-In-3D
The time is now to end the FED! The Federal Reserve, commonly known as the FED, has long been a subject of scrutiny and criticism. Its role in managing the economy and its track record of creating boom-bust cycles have raised concerns among economists and citizens alike.
In this article, I present a compelling argument for canceling the Federal Reserve Bank’s charter in the United States, highlighting the need for a new approach to monetary policy.
The Federal Reserve has been in operation since 1913.
The FED’s policies have contributed to a series of boom-bust cycles and economic crises.
Central banking systems throughout history have caused economic turmoil and instability.
The FED’s actions played a role in triggering the Great Depression of the 1930s.
The dot-com bubble and the housing market collapse in 2008 were influenced by the FED’s policies.
The FED has eroded the value of the dollar, leading to rising prices and diminished purchasing power.
The cumulative rate of U.S. inflation between 1913 and September 2021 is approximately 2,452.6%.
The FED’s practices have contributed to growing wealth inequality in society.
Canceling the Federal Reserve Bank’s charter opens the opportunity for alternative monetary policies prioritizing transparency, accountability, and long-term economic sustainability.
The Problem with the FED
Since its establishment in 1913, the Federal Reserve has been plagued by mismanagement and questionable practices. Its ability to manipulate interest rates and control the money supply has resulted in a series of economic crises. The boom-bust cycles fueled by the FED’s policies have brought about financial instability and wreaked havoc on the American economy.
A History of Failed Central Banking
The history of central banking is riddled with examples of its detrimental effects on economies.
From the Bank of England’s inflationary practices to the hyperinflation under the Bank of North America and the First Bank of the United States, central banks have repeatedly caused economic turmoil.
The Second Bank of the United States, despite its attempts to curtail excessive lending, only led to the nation’s first depression. These experiences demonstrate the inherent flaws and dangers associated with central banking systems.
The FED’s Legacy of Economic Crises
The Federal Reserve’s track record speaks for itself. In the past century, the FED has contributed to numerous financial crises that have had far-reaching consequences.
Whether it was the Great Depression of the 1930s or the more recent dot-com bubble and the housing market collapse in 2008, the FED’s policies have consistently played a role in triggering and exacerbating these crises.
The resulting economic hardships have affected millions of Americans, undermining their financial security and stability.
Devaluation of the Dollar: A Key Reason to End the FED
One of the most alarming aspects of the FED’s operations is the steady devaluation of the U.S. dollar.
According to the U.S. Bureau of Labor Statistics’ inflation calculator, the cumulative rate of inflation between 1913 and September 2021 is approximately 2,452.6%.
This means that what could be purchased with $1 in 1913 would require about $25.53 in 2021 to maintain the same purchasing power.
This devaluation of the dollar over time has resulted in rising prices and decreased the value of savings and wages.
This devaluation has disproportionately affected those on fixed incomes and has contributed to growing wealth inequality in our society.
The Need for a New Approach
It is evident that the current system, with the Federal Reserve at its core, is flawed and detrimental to the well-being of the American people.
To secure a more stable and prosperous future, it is imperative to end the FED and explore alternative monetary policies that prioritize transparency, accountability, and long-term economic sustainability.
Just End the FED: It’s the Right Thing to Do
The time has come to seriously consider canceling the Federal Reserve Bank’s charter and effectively end the FED. It’s history of mismanagement, the recurring boom-bust cycles, the devaluation of the dollar, and the negative impact on the American economy cannot be ignored.
It is crucial to reevaluate our monetary framework and explore alternative solutions that prioritize the best interests of the American people.
By ending the FED, we open the door to a new era of financial stability, economic growth, and prosperity for all.
Contributing article: EJ Antoni and Peter St.Onge via The Epoch Times,
© Awake-In-3D | GCR Real-Time News
Ai3D Website: Ai3D.blog
Ai3D on Telegram: GCR_RealTimeNews
Ai3D on Twitter: @Real_AwakeIn3D
Awake-In-3D: Historical Proof That All Fiat Currencies Collapse
Awake-In-3D
Ever wondered why your money seems to buy less and less over time? The culprit could be the system of fiat currencies we're all hooked on. Let's dive into a quick history lesson on the rise and fall of fiat currencies.
Inflation is a nasty side effect of fiat currencies. When governments print more money, it can lead to inflation. This erodes the value of your hard-earned cash.
The history of fiat currencies is a graveyard of failures. For instance, the Roman Empire's Denarius started as pure silver but ended up as just 0.02% silver. Talk about a downgrade!
Let's not forget China's Jiaozi, one of the earliest forms of paper money It began as a receipt for iron deposits but rampant inflation led to its abandonment.
In 18th century France, John Law introduced paper money. After a speculative bubble, the currency collapsed, losing 99% of its value in just five years.
Awake-In-3D
Ever wondered why your money seems to buy less and less over time? The culprit could be the system of fiat currencies we're all hooked on. Let's dive into a quick history lesson on the rise and fall of fiat currencies.
Inflation is a nasty side effect of fiat currencies. When governments print more money, it can lead to inflation. This erodes the value of your hard-earned cash.
The history of fiat currencies is a graveyard of failures. For instance, the Roman Empire's Denarius started as pure silver but ended up as just 0.02% silver. Talk about a downgrade!
Let's not forget China's Jiaozi, one of the earliest forms of paper money It began as a receipt for iron deposits but rampant inflation led to its abandonment.
In 18th century France, John Law introduced paper money. After a speculative bubble, the currency collapsed, losing 99% of its value in just five years.
Closer to home, Zimbabwe saw hyperinflation peak at a whopping 79,600,000,000% in the 21st century. The local currency was abandoned for the US Dollar.
The fate of the global reserve currency, the US Dollar, is uncertain. Once backed by gold and silver, it's now a fiat currency, susceptible to the same pitfalls.
History shows us that fiat currencies inevitably collapse. So next time you look at your money, remember, its value isn't as solid as you might think.
As we journey through the evolving financial landscape, it's crucial to stay informed and prepared. Stay vigilant.
https://ai3d.blog/historical-proof-that-all-fiat-currencies-collapse/
Awake-In-3D | GCR Real-Time News
Historical Proof That All Fiat Currencies Collapse
On September 27, 2023 By Awake-In-3D
In Fiat Debt System Collapse Articles
Continued from Part 1: The Peril of Fiat Currencies
Today, the world operates on a failing system of fiat currencies system, where currencies are not backed by tangible assets like gold but rely on humanity’s trust and confidence in governments.
Governments are drawn to fiat currencies like moths to a flame. They provide a seemingly expedient means of financing present-day expenditures by simply creating new units of currency, unburdened by the constraints of taxation and borrowing. This financial shortcut, however, has historically proven to be a treacherous path.
Throughout history, governments have consistently yielded to the temptation of excessive money printing. As the supply of fiat currency swells, its intrinsic value steadily erodes, leading to a phenomenon we know all too well – inflation. When a fiat currency loses its status as a reliable store of value and medium of exchange, citizens lose faith in it, often seeking refuge in hard assets like gold and silver, or in more stable fiat currencies, such as the US Dollar.
Unprecedented Money Supply Expansion: Central banks have engaged in extensive money printing, leading to concerns about potential inflation and currency devaluation.
Debt Accumulation: Governments have amassed substantial debts, and the ability to service these debts hinges on economic stability and a continuing belief in the currency’s value.
Erosion of Trust: Public trust in fiat currencies depends on responsible fiscal and monetary policies. Political polarization and economic uncertainty have led to questions about the sustainability of these policies.
Inflation and Its Connection to Fiat Currencies
Inflation, defined as an increase in the supply of money, is a critical factor in the history and operation of fiat currencies.
The Role of Inflation: Rising prices, while not guaranteed, often result from an increased money supply. Governments may print more money during crises, and if this new money circulates, it can lead to inflation.
Deflation and Inflation: Fiat money can lead to both inflation and deflation. In times of economic contraction, unpaid debts reduce the money supply, prompting the printing of more money to maintain economic stability.
In our historical journey through the evolution of money, we’ve witnessed the transition from tangible assets to fiat currencies. While the current global fiat currency system offers flexibility and adaptability, it is not without its challenges. The key to its stability lies in responsible governance, prudent fiscal policies, and the preservation of public trust. Understanding the past informs our approach to shaping the future of currencies in an ever-evolving financial landscape.
The Uncertain Fate of the Global Reserve Currency
Even the US Dollar, once anchored by gold and silver, now stands as a fiat currency without such backing. While it has been deployed to stabilize hyperinflation in other nations, its own status remains susceptible to the pitfalls of fiat currency systems.
The Inevitable End of Fiat Currencies
In closing, history imparts a sobering lesson: fiat currencies are invariably characterized by a cycle of ascent and descent, punctuated by episodes of hyperinflation, economic turbulence, and eroding public trust. Governments may initially turn to fiat currency as a quick fix, but the allure of unchecked money printing almost invariably prevails. We would be wise to prepare for the eventual debasement of fiat currencies by safeguarding their wealth through hard assets like gold and silver. The dangers of our current global fiat currency system are real, and our financial well-being may ultimately hinge on our ability to discern these perilous signs and respond judiciously.
Reference: A History of Fiat Currency Failures
Fiat currencies, a government-issued legal tender without intrinsic value, has been an alluring tool for governments throughout history. It offers the tempting ability to transfer wealth from the future to the present, allowing governments to spend beyond their means. Unlike taxation and borrowing, creating new currency seems like an easier route to financing government activities. However, the history of fiat currency is fraught with failures, often linked to government mismanagement and debasement.
1st Century: The Roman Empire
Currency: Denarius
Depreciation: From pure silver to a mere 0.02% silver content.
The denarius, widely used in ancient Rome, serves as one of the earliest examples of fiat currency. Initially made of pure silver, its silver content steadily declined over time. By the time of the Roman collapse, the denarius contained minuscule traces of silver, losing its value as a store of wealth and medium of exchange.
8th Century: Imperial China
Currency: Jiaozi
Depreciation: From a receipt for iron money to hyperinflation and abandonment.
The Chinese invented paper money, with the jiaozi being one of the earliest forms. Initially a receipt for iron money deposits, it was later exchanged among the population as currency. When the government expanded its supply and triggered inflation, the jiaozi was replaced by the qianyin. Subsequent Chinese dynasties experienced similar issues with fiat currencies, leading to a preference for silver.
18th Century: France (John Law’s Experiment)
Currency: Assignat
Depreciation: A loss of 99% of its value within five years.
John Law, a Scotsman, introduced paper money to France in 1716. Initially, it was limited in supply and convertible to gold and silver. However, Law’s Mississippi Company speculative bubble led to excessive money printing, inflation, and the eventual collapse of both the stock price and the paper currency. France returned to a gold and silver-based monetary system.
The Assignat of the French Revolution: During the French Revolution, the National Assembly turned to fiat currency, introducing the assignat. It quickly suffered hyperinflation, losing 99% of its value within five years. This crisis played a role in the rise of Napoleon, who later restored financial order by backing the currency with hard assets.
19th Century: Weimar Germany
Currency: Papiermark
Depreciation: Hyperinflation peaked at 79,600,000,000%.
After abandoning the gold standard during World War I, Germany experienced hyperinflation, with prices doubling every month. The collapse of the German mark created economic turmoil, leading to the introduction of the rentenmark and later the Reichsmark, backed by hard assets.
19th Century: Republic of China
Currency: Fabi
Depreciation: Hyperinflation, economic chaos and eventual replacement.
The Republic of China attempted to transition from a silver standard to fiat currency. Inflation followed, and citizens reverted to using silver, eventually leading to the abandonment of fiat currency.
21st Century: Zimbabwe
Currency: Zimbabwean Dollar
Depreciation: Hyperinflation peaked at 79,600,000,000%.
Land reforms, economic sanctions, and excessive money printing led to hyperinflation in Zimbabwe. Citizens abandoned the local currency for foreign currencies like the US dollar, and the government eventually allowed foreign currency usage.
21st Century: Venezuela
Currency: Bolivar
Depreciation: Hyperinflation and a loss of trust.
Venezuela’s economy, heavily dependent on oil, suffered when oil prices dropped. To combat economic challenges, the government printed more money, leading to hyperinflation. The US dollar became the dominant currency for transactions.
© Awake-In-3D | GCR Real-Time News
Ai3D Website: Ai3D.blog
Ai3D on Telegram: GCR_RealTimeNews
Ai3D on Twitter: @Real_AwakeIn3D
https://ai3d.blog/historical-proof-that-all-fiat-currencies-collapse/
Awake-In-3D: Peril of Fiat Currencies | A History Repeated
Awake-In-3D:
Peril of Fiat Currencies | A History Repeated
On September 26, 2023 By Awake-In-3D
In Fiat Debt System Collapse Articles
Fiat currencies come and go throughout history, with each failure stemming from the overzealous printing of money, debasement, and loss of trust.
While governments may initially resort to fiat currency as an expedient solution, they often find themselves in a cycle of inflation and economic turmoil.
Hard money, such as gold and silver, remains a store of value when fiat currencies falter. As the world’s reserve currency, the US dollar’s stability has even assisted countries in times of hyperinflation.
Awake-In-3D:
Peril of Fiat Currencies | A History Repeated
On September 26, 2023 By Awake-In-3D
In Fiat Debt System Collapse Articles
Fiat currencies come and go throughout history, with each failure stemming from the overzealous printing of money, debasement, and loss of trust.
While governments may initially resort to fiat currency as an expedient solution, they often find themselves in a cycle of inflation and economic turmoil.
Hard money, such as gold and silver, remains a store of value when fiat currencies falter. As the world’s reserve currency, the US dollar’s stability has even assisted countries in times of hyperinflation.
Nevertheless, like all fiat currencies, it too may face a future of uncertainty. Preparedness with hard money serves as a prudent safeguard against the inevitable pitfalls of fiat currency systems.
Money is a fundamental pillar of human civilization, enabling trade, commerce, and economic growth. Over the centuries, the concept of money has undergone a fascinating transformation, evolving from tangible assets like gold and silver to the modern fiat currencies we use today.
Fiat currencies have long held an undeniable allure for governments, offering the tantalizing prospect of transferring wealth from the future to the present with a simple press of the printing press. However, history is replete with examples of the dangers lurking behind these government-backed promises.
The global fiat currency system we rely on today stands perilously close to the edge of the same precipice that countless civilizations have plummeted from before.
We should all be knowledgeable about the ominous parallels between our current system and the failures of fiat currencies throughout history.
The “Genesis” of Fiat Currencies
Fiat currency, in its essence, is a government-issued legal tender that lacks intrinsic value, unlike currencies backed by tangible assets such as gold or silver. The term “fiat” comes from the Latin phrase “fiat lux,” meaning “let there be light,” which is found in the book of Genesis.
Biblical Reference: In Latin, the book of Genesis in the Bible features the phrase “fiat lux,” which means “let there be light.” This linguistic connection highlights the term “fiat,” suggesting the creation of something out of nothing, akin to the creation of currency.
Andrew Dickson White and the Coining of the Term: The term “fiat currency” was popularized by American historian Andrew Dickson White in his 1875 book, “Fiat Money Inflation in France.” White used this term to describe money with no intrinsic value.
Intrinsic Value of Money
Throughout history, various items have served as money, some with intrinsic value and others without. Understanding the concept of intrinsic value is essential to appreciate the evolution of money.
Money with Intrinsic Value: Traditional forms of money include commodities like gold, silver, beaver pelts, and even cigarettes. These items had inherent worth and were widely accepted as mediums of exchange.
Unconventional Forms of Money: Surprisingly, even cowry shells were used as currency for centuries in ancient China and other regions bordering the Indian Ocean. The Chinese character for “money/currency” is believed to be a pictograph of a cowrie shell.
Birth of Paper Money
Paper money revolutionized the concept of currency, introducing a more practical and flexible form of exchange.
Chinese Origins: Paper money was first introduced during the Tang Dynasty (618-907 AD) in China. It gradually evolved from engraved wooden blocks to sophisticated credit mechanisms and promissory notes for trade.
Rise of the Gold Standard: Paper money was initially backed by gold or other tangible assets. For instance, the English government established the Bank of England in 1694, issuing fixed denomination notes, marking the birth of true British banknotes.
Historical Challenges of Gold-Based Currencies
While the gold standard provided stability, it faced challenges when significant new gold deposits were discovered. Historical events, such as Spain’s gold raids and the California gold rush, disrupted the gold-based currency systems.
The gold supply is finite, and significant discoveries were rare. This scarcity led to the occasional destabilization of gold-backed systems.
The Transition to Fiat Currencies
The 20th century witnessed a transition from gold-backed systems to fiat currencies driven by economic realities, including wars and the need for flexible monetary policies.
World Wars and Economic Necessity: The two world wars strained economies and required nations to adopt fiat currencies to finance their efforts. The ability to print money during crises became crucial.
Bretton Woods Agreement: After World War II, the Bretton Woods agreement established the US dollar as the world’s primary reserve currency, backed by gold. Other countries pegged their currencies to the US dollar.
[END OF PART 1]
Part 2 will explain:
Our modern fiat currency system
Inflation and its inherent connection to fiat currencies
A global history of fiat currency failures – beginning with the Roman Empire
© Awake-In-3D | GCR Real-Time News
Ai3D Website: Ai3D.blog
Ai3D on Telegram: GCR_RealTimeNews
Ai3D on Twitter: @Real_AwakeIn3D
https://ai3d.blog/peril-of-fiat-currencies-a-history-repeated/
Awake-In-3D: Real Money | Why Our Fiat Currency System is Ending
Awake-In-3D
Real Money | Why Our Fiat Currency System is Ending
On September 25, 2023 By Awake-In-3D
For over half a century, our global financial system has relied on fiat currencies, with the US dollar as its centerpiece. However, there is growing evidence that this era of fiat currency is coming to an end. A return to Real Money is the obvious solution.
The debasement of these currencies by governments has become increasingly apparent, leading to a loss of faith in their value.
The future replacement for fiat currencies may lie in a system that respects the legal and historical foundations of money, and ensures stability, trust, and a clear distinction between money and credit (debt).
This is what Our GCR is all about!
Awake-In-3D
Awake-In-3D:
Real Money | Why Our Fiat Currency System is Ending
On September 25, 2023 By Awake-In-3D
For over half a century, our global financial system has relied on fiat currencies, with the US dollar as its centerpiece. However, there is growing evidence that this era of fiat currency is coming to an end. A return to Real Money is the obvious solution.
The debasement of these currencies by governments has become increasingly apparent, leading to a loss of faith in their value.
The future replacement for fiat currencies may lie in a system that respects the legal and historical foundations of money, and ensures stability, trust, and a clear distinction between money and credit (debt). This is what Our GCR is all about!
Awake-In-3D
This loss of faith, combined with the impracticality and limitations of central bank digital currencies (CBDCs), suggests that a new monetary system will soon replace the old.
Throughout history, fiat currencies have ultimately failed. The state theory of money, which underpins these currencies, has proven unsustainable.
Governments have continually abused their power to manipulate and devalue their own currencies.
This pattern has repeated itself time and time again, eroding trust in fiat money. The introduction of CBDCs, proposed as a response to the threat posed by private sector money, is yet another attempt to preserve the failing system.
However, the impracticalities involved in implementing CBDCs, as well as the resistance from existing banking interests, make their success doubtful.
Why Real Money Has No Price
To understand the shortcomings of our current monetary system, it is essential to grasp the true nature of money.
Money serves as a neutral medium of exchange, adjusting the ratios of goods and services.
Contrary to popular belief, money itself does not have a price. Instead, it facilitates the division of labor and represents unspent labor or credit, yet to be used. This understanding of money as unspent labor is crucial in comprehending its value.
Throughout history, real money, such as gold and silver, has derived its value from its transferability and its ability to be exchanged for goods and services.
Real money, unlike fiat currencies, has a clear distinction from credit. It is permanent and free from counterparty risk, whereas credit is temporary and carries inherent risks. The detachment of credit from real money can lead to instability and currency debasement.
Why Cryptocurrencies are Not the Solution as a Fiat System Replacement
While the cryptocurrency revolution has brought attention to the potential transformation of property ownership and highlighted the problems with fiat currencies, it is not the solution to replace real money.
Cryptocurrencies, like bitcoin, may have gained popularity and attracted speculation, but they fall short in fulfilling the role of a currency.
Cryptocurrencies lack the necessary qualities that real money possesses. They are volatile, lacking stability and trust. Additionally, they are not backed by anything tangible or linked to the real economy.
The detachment of cryptocurrencies from the legal and historical foundations of money further undermines their suitability as a replacement for real money.
The Bottom Line
In our RV/GCR journey to a new monetary system, it is crucial to recognize the limitations of cryptocurrencies. While they have their merits, they are not a viable alternative to real money.
The future replacement for fiat currencies may lie in a system that respects the legal and historical foundations of money, and ensures stability, trust, and a clear distinction between money and credit. This is what Our GCR is all about!
As we witness the decline of global fiat currencies, it is essential to learn from history and understand the role of real money for a more sustainable and reliable monetary system.
By understanding the true nature of money, its role as a medium of exchange, and the shortcomings of cryptocurrencies, we can navigate the path towards a more stable and equitable financial future.
It is time to reassess our assumptions, challenge the status quo, and work towards a monetary system that upholds the principles of sound money and economic stability.
© Awake-In-3D | GCR Real-Time News
Ai3D Website: Ai3D.blog
Ai3D on Telegram: GCR_RealTimeNews
Ai3D on Twitter: @Real_AwakeIn3D
https://ai3d.blog/real-money-why-our-fiat-currency-system-is-ending/
Awake-In-3D: Introducing A Unique RV/GCR Roadmap
Awake-In-3D:
Introducing A Unique RV/GCR Roadmap
On September 23, 2023 By Awake-In-3D
Today, we find ourselves at the threshold of a financial transformation unlike any other. I’m excited to announce the launch of the RV/GCR Roadmap, a comprehensive guide that provides a detailed explanation of events leading to the collapse of the Fiat Currency System and what comes after.
In a landscape of sensationalism and over-hyped GCR narratives, this RV/GCR Roadmap serves as a grounded, guiding light. It offers clarity and rational analysis, steering clear of magic bullets or dramatic speculations.
Awake-In-3D:
Introducing A Unique RV/GCR Roadmap
On September 23, 2023 By Awake-In-3D
Today, we find ourselves at the threshold of a financial transformation unlike any other. I’m excited to announce the launch of the RV/GCR Roadmap, a comprehensive guide that provides a detailed explanation of events leading to the collapse of the Fiat Currency System and what comes after.
In a landscape of sensationalism and over-hyped GCR narratives, this RV/GCR Roadmap serves as a grounded, guiding light. It offers clarity and rational analysis, steering clear of magic bullets or dramatic speculations.
Explore Three Levels of Event Insight on the RV/GCR Roadmap
The RV/GCR Roadmap is structured into three distinct levels, each offering a unique perspective on our evolving financial landscape:
Event Level 1: Here, we delve into the current financial events that underpin our journey. These Level 1 events are firmly grounded in reality, free from sensationalism, and based on logical analysis.
Event Level 2: As we progress, we inevitably approach the brink of a total collapse of the current Fiat Financial System. These Level 2 events represent pivotal moments that draw us closer to the reset we’ve long anticipated.
Event Level 3: Amidst the looming collapse, Level 3 events present alternative scenarios for the replacement and Reset of the current fiat currency system. These scenarios are logically plausible, aligning with rational analysis rather than fanciful narratives.
A Rational and Logical Guide to Our RV/GCR Future
My commitment to credibility remains unshaken. Every article and piece of news on GCR Real-time News is extensively researched and substantiated by verifiable references from reliable external sources.
Follow and Track the RV/GCR Journey
I invite you to explore the RV/GCR Roadmap and embark on this transformative financial shift. Navigate the roadmap, gain insights into unfolding events, and grasp the significance of each milestone.
As we all navigate the most significant global financial shift in human history, let’s do so with clarity, facts, and a shared vision of the future that awaits. The RV/GCR Roadmap is your trusted companion on this journey.
Or click here to go to my RV/GCR Roadmap
© Awake-In-3D | GCR Real-Time News
Ai3D Website: Ai3D.blog
Ai3D on Telegram: GCR_RealTimeNews
Ai3D on Twitter: @Real_AwakeIn3D