Awake-In-3D: Rationally Explaining the RV/GCR to Friends and Family (Part 3) – Debt Jubilees

Awake-In-3D:

Rationally Explaining the RV/GCR to Friends and Family (Part 3) – Debt Jubilees

On October 7, 2023 By Awake-In-3D

In GCR Roadmap: Level 3 Events, RV/GCR

How to Explain Debt Jubilees and the Elimination of Personal and Public Debt

The current fiat debt-based currency system has led to an unsustainable burden of personal and public debt worldwide. To alleviate this economic strain and provide a fresh start, Debt Jubilees can be implemented as part of a comprehensive reset.

In Part 1 of this article series, we learned how to rationally frame the GCR by understanding the driving financial forces behind it.

In Part 2 of the series, we discussed how to reasonably talk about the Currency Revaluation (RV) in context of the challenges and shortcomings of the current fiat debt-based currency system.

Here in Part 3, we will layout a rational case for a Debt Jubilee and the elimination of personal and public debt.

This is a big RV/GCR topic so this article is lengthy. Yet the knowledge is crucial.

What You Will Learn:

1. Discover what Debt Jubilees are and their historical significance in ancient civilizations.

• Explore the mechanics of Debt Jubilees, including debt forgiveness and legal frameworks, and their role in preventing financial crises.

• Understand the challenges and feasibility of implementing Debt Jubilees in today’s complex financial systems and political environments.

• Examine alternative strategies governments and central banks may use to address mounting debt challenges while maintaining economic stability.

• Envision a bold scenario where a Global Currency Reset (GCR) transforms into a modern Debt Jubilee, reshaping the financial landscape and offering debt relief on a global scale.

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.

This measure would involve the comprehensive forgiveness of personal and public debts incurred under the old financial system.

Here are the Key Talking Points for Debt Jubilees

What Are Debt Jubilees?

Imagine a world where your debts could be forgiven, and you could breathe easier without the burden of financial obligations. This concept might seem like a distant dream, but throughout history, societies have embraced the idea of a Debt Jubilee to provide individuals and communities with a financial clean slate.

So, what exactly is a Debt Jubilee? In simple terms, it’s a deliberate and often periodic forgiveness of debt, offering relief to individuals who find themselves trapped under the weight of loans and financial obligations. It’s like hitting “refresh” on your financial life.

But why would societies consider such a radical move?

Debt Jubilees have historically been introduced in response to excessive household debts that threaten economic stability and social harmony. When people accumulate debts they can’t repay, it can lead to the loss of their homes, livelihoods, and even their freedom.

Debt Jubilees, therefore, serve as a solution to prevent these dire consequences and restore balance.

Think of it as a collective sigh of relief for those struggling with debt. In ancient times, rulers recognized the need for such measures to avoid widespread financial turmoil.

Debt Jubilees, often encoded in laws or decrees, provide individuals with a fresh start, allowing them to regain their financial footing and contribute positively to the economy.

Historical Examples of Debt Jubilees

Debt Jubilees Through the Ages: Lessons from History

The concept of a Debt Jubilee isn’t a new one; it’s a practice deeply rooted in the annals of history.

Ancient Civilizations

Going back thousands of years, civilizations such as ancient Babylon, Egypt, and China faced a recurring problem – excessive household debt. Debt, much like it does today, played a crucial role in facilitating trade, paying for labor, and bridging the gap between planting and harvesting seasons.

However, it also had its dark side. Families in these societies sometimes found themselves trapped in a cycle of debt, risking the loss of their land, livelihood, and even their freedom.

To prevent societal collapse, ancient rulers devised the idea of debt forgiveness or amnesty. They recognized that excessive private indebtedness could lead to dire consequences.

For instance, in ancient Israel, debt relief was not just a royal whim; it was enshrined in their laws as a recurring event known as the Jubilee. This event, marked by the sounding of the ram’s horn, brought freedom from the burden of debt and provided individuals with a fresh start.

Solon and Ancient Greece

In ancient Greece, Solon, a lawmaker in the sixth century BC, introduced a partial Debt Jubilee to avoid class conflict.

Solon, (born c. 630 BCE—died c. 560 BCE), Athenian statesman, known as one of the Seven Wise Men of Greece

His measures helped alleviate the financial strain on debtors, preventing a catastrophic social upheaval. Solon’s actions not only contributed to economic stability but also laid the foundations for elements of Greek democracy.

Modern Era

Fast forward to more recent history, and we find examples like the 1930s, where the U.S. government devalued the dollar against gold.

While not a traditional Debt Jubilee, this event illustrates how governments and central banks have utilized financial mechanisms to address economic challenges.

These historical examples emphasize that Debt Jubilees have been a recurring response to the burden of debt on individuals and societies. They show that societies have recognized the need to provide relief to those struggling with debt and to restore economic balance.

The next section shows how Debt Jubilees work and the mechanisms behind them.

How Debt Jubilees Work

Unlocking the Mechanics of Debt Jubilees

Now that we’ve explored the historical precedents of Debt Jubilees, let’s go deeper into how these remarkable mechanisms actually work.

Understanding the inner workings of Debt Jubilees sheds light on their potential benefits and implications for individuals and societies.

1. Debt Forgiveness

At its core, a Debt Jubilee involves the deliberate and systematic forgiveness of certain types of debt. It’s akin to erasing a financial burden, allowing borrowers to start with a clean slate.

This forgiveness can extend to various forms of debt, such as loans, mortgages, and other financial obligations.

2. Legal Framework

In many historical cases, Debt Jubilees were not arbitrary acts but were enshrined in laws and decrees. These legal frameworks ensured that the forgiveness of debt was not left to the whims of rulers but became a structural aspect of the economy.

The ancient Israelites, for instance, codified debt relief into their laws, ensuring it occurred at regular intervals.

3. Timing and Cycles

Debt Jubilees often followed specific timing or cyclical patterns.

For instance, the Israelite Jubilee occurred every fifty years, providing individuals with a predictable opportunity to escape the clutches of debt.

These predetermined cycles helped maintain economic stability and encouraged responsible lending practices.

4. Economic and Social Stability

The primary goal of Debt Jubilees is to promote economic and social stability.

By forgiving debt, individuals who were on the brink of financial ruin can regain their financial footing.

This, in turn, contributes to a healthier economy, as debt-free individuals are more likely to invest, spend, and participate actively in economic activities.

5. Preventing Social Discontent

Debt Jubilees have historically served as a preventative measure against social discontent and upheaval.

Excessive debt burdens, if left unaddressed, can lead to protests, revolts, and political instability.

By forgiving debt, rulers and governments aim to pacify the discontented and maintain order within their societies.

6. Economic Reset

Think of a Debt Jubilee as a reset button for an economy burdened by debt.

It wipes out some of the instabilities and inequalities that have built up over time, offering a fresh start for individuals and communities.

In the next section, we’ll explore whether today’s governments and central banks have the capacity and willingness to declare a Debt Jubilee in the face of mounting debt challenges.

Can Today’s Governments and Central Banks Declare a Debt Jubilee?

Modern Challenges and the Feasibility of Debt Jubilees

As we examine the subject of Debt Jubilees, it’s natural to wonder whether today’s governments and central banks have the capacity and willingness to implement such a bold financial maneuver.

Let’s review the challenges and possibilities of declaring a Debt Jubilee in today’s fiat currency world.

1. Complex Financial Systems

One of the primary challenges lies in the complexity of modern financial systems.

Unlike ancient societies, our economies are intricately interconnected with global financial markets, complex banking systems, and intricate debt structures.

Implementing a Debt Jubilee today would require navigating this intricate web of financial institutions and transactions.

2. Political Will

The political will to declare a Debt Jubilee is another critical factor.

In democracies and modern governance structures, decisions regarding debt relief and financial policies are subject to extensive debates, negotiations, and public scrutiny.

Political will is often nonexistent.

3. Impact on Financial Institutions

Debt Jubilees could have significant implications for financial institutions, particularly banks and lenders.

Forgiving debts on a large scale could affect the stability of these institutions, potentially leading to disruptions in the financial sector.

4. Balancing Economic Stability

While Debt Jubilees aim to promote economic stability by relieving debt burdens, they must strike a delicate balance.

Excessive debt relief could lead to inflation, currency devaluation, and other economic challenges that could offset the intended benefits.

5. Alternatives to Debt Relief

Governments and central banks may explore alternative measures to address mounting debt challenges.

These alternatives could include fiscal policies, stimulus packages, and economic reforms aimed at alleviating financial burdens without resorting to a Debt Jubilee.

6. Global Coordination

In an interconnected world, any large-scale financial intervention, such as a Debt Jubilee, would likely require global coordination. Coordinated efforts among countries and international financial institutions might be necessary to mitigate potential disruptions and ensure a harmonious transition.

7. Future Possibilities

While a Debt Jubilee may seem challenging to implement in our fiat currency financial landscape, history has shown that societies adapt to economic challenges and develop innovative approaches to debt relief.

As the global financial landscape evolves, so too may the possibilities for addressing debt-related issues.

In the next section, we’ll explore an intriguing scenario where a modern Debt Jubilee could take the form of a global currency reset (GCR), backed by valuable assets like gold.

How a Modern Debt Jubilee Would Look When a Global Currency Reset (GCR) Occurs

A Bold Vision for the Future: A Modern Debt Jubilee through a Global Currency Reset

Imagine a world where nations come together to address the growing burden of debt on a global scale.

In this visionary financial system shift, a modern Debt Jubilee takes the form of a Global Currency Reset (GCR), reshaping the financial landscape and offering a fresh start for humanity and economies worldwide.

1. Backing Currencies with Valuable Assets

In a GCR-driven Debt Jubilee, currencies would be backed by valuable assets, such as gold or other precious resources.

This move would provide a more stable foundation for global economies, reducing the risks associated with unbridled debt expansion.

2. Debt Forgiveness on a Global Scale

Governments and central banks from across the globe would collaborate to forgive a significant portion of outstanding debts.

This debt forgiveness would extend to various forms of debt, including national debts, corporate debts, and individual debts.

3. Economic Rejuvenation

The primary goal of such a modern Debt Jubilee would be to rejuvenate economies burdened by debt.

Individuals and businesses would experience immediate relief from financial obligations, allowing them to invest, spend, and contribute positively to economic growth.

4. Addressing Wealth Disparities

One of the benefits of a GCR-driven Debt Jubilee is the opportunity to address wealth disparities.

By forgiving debt, wealth could be redistributed more equitably, reducing the gap between the wealthy and the less fortunate.

5. Global Coordination and Governance

Implementing a GCR and Debt Jubilee of this magnitude would require unprecedented global coordination and governance. International institutions and agreements would play a crucial role in facilitating the transition and ensuring fair and equitable debt relief.

6. A New Financial Landscape

If successful, a GCR-based Debt Jubilee could usher in a new era of financial stability and cooperation. It would be a testament to the ability of nations to come together to address pressing global challenges and provide individuals and societies with a fresh start.

Conclusion

In the intricate tapestry of finance and history, the concept of a Debt Jubilee stands as a beacon of hope and resilience.

It harks back to ancient civilizations that recognized the need for debt forgiveness to prevent societal collapse.

Whether through historical examples or the approaching scenario of a Global Currency Reset (GCR), the idea of relieving debt burdens and fostering economic stability endures.

As today’s Global Fiat Currency Debt System draws closer to its logical conclusion, the implementation of a Debt Jubilee, ancient yet ever relevant, serves as a reminder that, even in the face of financial challenges, there is always room for a fresh start and a brighter economic future.

My primary belief is that the Global Fiat Currency Debt System must come to its logical conclusion before Our GCR will be introduced – which includes the release of the “General Redemptions” funding for RV/GCR exchanges.

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

EXPLORE THE RV/GCR ROADMAP

© 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-explain-debt-jubilees-part-3/

Awake-In-3D: How to Explain the RV/GCR to Friends and Family (Part 2)

Awake-In-3D:

How to Explain the RV/GCR to Friends and Family (Part 2)

On October 6, 2023 By Awake-In-3D

In GCR Roadmap: Level 3 Events, RV/GCR

Explaining the Currency Revaluation (RV) and Purchasing Power Parity Among Nations

In Part 1 of this article series, we learned how to rationally frame the GCR by understanding the driving financial forces behind it. Today we will learn about the Currency Revaluation (RV). Here in Part 2 we examine the challenges and shortcomings of the current fiat debt-based currency system.

This forms a rational and plausible case for the Iraqi Dinar (IQD), Vietnamese Dong (VND), along with an additional basket of unfairly depressed currencies that exist in today’s failing fiat currency landscape.

Through a critical analysis, we can logically explain the need for a Currency Revaluation (RV) under within the bigger picture of the Global Currency Reset (GCR).

The Need for Purchasing Power Parity Among Global Currencies

FIAT CURRENCIES ARE NOT BACKED BY TANGIBLE ASSETS AND THEREFORE HAVE
SIGNIFICANTLY DIFFERENT RATES AND PURCHASING POWER

The current fiat debt-based currency system has resulted in significant disparities in global currencies, leading to imbalances in international trade and economic relationships. To address this issue, a currency revaluation (RV) must be implemented as part of a comprehensive global currency reset (GCR), aiming to establish purchasing power parity and promote fair and equitable exchange rates between countries.

These are the key points to make when explaining the Currency Revaluation (RV).

1. Trade Imbalances

Under the current system, countries with stronger currencies enjoy a competitive advantage in international trade, while those with weaker currencies struggle to compete. This imbalance creates economic distortions, perpetuating trade deficits and surpluses that hinder global economic stability. The need for a currency revaluation becomes evident as a means to level the playing field and foster more balanced trade relationships.

2. Unfair Exchange Rates

The existing exchange rates often fail to reflect the true value of goods and services across different countries. This discrepancy leads to mis-pricing and distorts market dynamics, adversely affecting both exporters and importers. By implementing a currency revaluation, exchange rates can be recalibrated to reflect the actual purchasing power of currencies, ensuring fairer trade interactions.

3. Economic Growth and Development

Achieving purchasing power parity through a currency revaluation (RV) can spur economic growth and development, particularly in emerging economies. By aligning exchange rates more closely with the actual economic fundamentals of each country, resources can be allocated more efficiently, investment can be attracted, and domestic industries can thrive. This, in turn, promotes sustainable development and reduces reliance on external debt.

4. Collaboration and Cooperation for a Currency Revaluation (RV)

Implementing a currency revaluation requires international collaboration and cooperation. Through diplomatic negotiations and agreements, countries can work together to establish a framework that ensures a smooth transition and minimizes disruptions. This process fosters greater global cooperation, as nations recognize the shared benefits of achieving purchasing power parity and balanced trade relationships.

By addressing the existing disparities in global currencies through a currency revaluation, we can foster a more equitable and balanced international trade system. This approach promotes fair exchange rates, reduces trade imbalances, and facilitates sustainable economic growth. Moreover, achieving purchasing power parity enhances market efficiency and allows resources to be allocated more effectively, benefiting both advanced and emerging economies alike.

In conclusion, a currency revaluation as part of a comprehensive reset offers a viable solution to address the disparities in global currencies. By achieving purchasing power parity, we can promote fair and equitable exchange rates, reduce trade imbalances, and stimulate sustainable economic growth. Collaboration and cooperation among nations are vital to successfully implement a currency revaluation and foster a more balanced and prosperous global financial landscape.

Coming soon in Part 3: Explaining Debt Jubilees – the elimination of personal and public debt.

My primary belief is that the Global Fiat Currency Debt System must come to its logical conclusion before Our GCR will be introduced – which includes the release of the “General Redemptions” funding for RV/GCR exchanges.

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

EXPLORE THE RV/GCR ROADMAP

© Awake-In-3D | GCR Real-Time News

Ai3D Website: Ai3D.blog
Ai3D on Telegram: GCR_RealTimeNews
Ai3D on Twitter: @Real_AwakeIn3D

https://ai3d.blog/explaining-a-currency-revaluation-rv-to-friends-and-family-part-2/

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.

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

https://ai3d.blog/explain-the-gcr-to-friends-family-part-1/

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.

What you will learn:

1. The forces driving Our RV/GCR

2. The crisis we face in the current Fiat Debt Currency System

3. The reasons for a structured Debt Jubilee

4. The case for eliminating all personal income taxes

5. The potential of decentralized digital currencies (not CBDCs on a Unified Ledger)

6. 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.

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

EXPLORE THE RV/GCR ROADMAP

© 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.

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

EXPLORE THE RV/GCR ROADMAP

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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.

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:

• https://ionq.com/

• https://quantumbasel.com/

© Awake-In-3D | GCR Real-Time News

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***************

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.

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.

READ MORE

© Awake-In-3D | GCR Real-Time News

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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

In Fiat Debt System Collapse

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

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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. 

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.

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

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