Digital Enslavement – Central Banks Cryptocurrency Has Arrived

Digital Enslavement – Central Banks Cryptocurrency Has Arrived by Rory, The Daily Coin

Robert Sams, President and Founder, the privately owned, Clearmatics, that developed a new cryptocurrency called Utility Settlement Coin (USC), describes this new form of currency as “synthesized central bank money”. If you will bare with me the goal is to paint a picture of one possible future. One that is less than free and slips a one world currency into your hand without so much as whimper from the people.

The digital asset is designed to be convertible at parity with a bank deposit in the corresponding currency, according to the same statement. Sams described USC as a form of digital cash that is “fully backed by cash assets at the central bank”.

He added:

“It’s like a form of synthesized central bank money, which is very different than commercial bank money.” Source

There is a new cryptocurrency on the scene called “Utility Settlement Coin” (USC). This new electronic currency was developed by four of the largest banks in the world, including UBS, Deutsche Bank, Santander, BNY Mellon and ICAP.

“Digital cash is a core component of a future financial market fabric based on blockchain technologies,” said Hyder Jaffrey, head of Strategic Investment & FinTech Innovation at UBS Investment Bank. “There are several digital cash models being explored across the Street. The Utility Settlement Coin is focussed on facilitating a new model for digital central bank cash.”

***

“Recent discussion of digital currencies by central banks and regulators has confirmed their potential significance,” said Julio Faura, head of R&D at Santander. “The USC is an essential step towards a future financial market on distributed ledger technologies,” Saket Sharma, head of Treasury Services Technology at BNY Mellon, added that the USC initiative provides “an exciting opportunity to work closely with other industry thought leaders and the regulatory community to explore the possibilities of this technology.”

A Santander press release notes that the group is already in contact with central banks and regulatory authorities to ensure the launch of the USC in a solid and efficient framework that meets all regulatory requirements. Persuaded that blockchain-based digital cash represents the future of financial markets, the group is planning wider trial projects before the 2018 launch. Source

Let’s start with the definitions of the words in the title of this article just to better understand the complexity of this issue.

Synthesized: 

verb
past tense synthesized:  past participle: synthesized [editors note – already happened]
  1. make (something) by synthesis, especially chemically.
    “man synthesizes new chemical poisons and sprays the countryside wholesale”
    • combine (a number of things) into a coherent whole.
      “pupils should synthesize the data they have gathered”
    • produce (sound) electronically.
      “trigger chips that synthesize speech”

     

As Merriam-Webster defines synthesized – “simple definition” –

  • to make (something) by combining different things

  • : to combine (things) in order to make something new

  • : to make (something) from simpler substances through a chemical process

One of the reasons I despise Twitter is due to the fact that Twitter is designed to destroy language. If people no longer have a means of communication it is much easier to manipulate and herd them. Basically, another tool of propaganda to help the globalist control the citizens. If you can’t speak, coherently, with one another it is much easier to train someone to believe anything they are told.

The word synthesized is a used in past tense – it’s already happened. The melding or combining of items to create a coherent whole, usually something different than the sum of the parts. This is an interesting way to describe a new currency. Combining various items to create “money”.

Central Bank – from Wikipedia

central bankreserve bank, or monetary authority is an institution that manages a state’s currencymoney supply, and interest rates. Central banks also usually oversee the commercial banking system of their respective countries. In contrast to a commercial bank, a central bank possesses a monopoly on increasing the monetary base in the state, and usually also prints the national currency,[1] which usually serves as the state’s legal tender.

Money

noun
  1. a current medium of exchange in the form of coins and banknotes; coins and banknotes collectively.
    “I counted the money before putting it in my wallet”
    synonyms: cashhard cashready moneyMore
    • formal
      sums of money.
      plural noun: moneys; plural noun: monies
      “a statement of all moneys paid into and out of the account”
    • the assets, property, and resources owned by someone or something; wealth.
      “the college is very short of money”
      synonyms: wealthrichesfortuneaffluence, assets, liquid assets, resources, means

      “she married him for his money”

       

I prefer to use the old fashioned definition of money – “gold is money” money is a store of value, fungible, transferable, divisible. This was true four thousand years ago and is still true today. Referring back to my disdain for Twitter – language has been abused for a great many decades and now it seems to be transforming in ways we could have never imagined. Edward Bernays is one happy man.

 

So, now that we can actually review what we are attempting to explain from a realistic standpoint let’s take a look and synthesize this grouping of words and connect a few dots.

In 1988 The Economist magazine stated there would be a new world currency by 2018. The Economist even gave this new currency a name, The Phoenix.

The world entered into a recession, possibly even a greater depression, in 2008 when the banking system all but blew apart. If the Federal Reserve, in conjunction with the U.S. Treasury had not stolen somewhere between 16 and 23 TRILLION dollars from the American citizens the global banking cabal would have imploded. If it had imploded we would have already worked through most the problems and be on the other side working our way towards a different way of conducting business and banking. But that didn’t happen. Looting and theft by the “too big to jail” banks with the threat of “martial law” and “tanks in the streets” is what we were told if we, the American tax payer, didn’t hand over $750 Billion dollars by sunset. As stated, that $750 billion morphed into the reality of $16-$23 Trillion.

Today all the problems that began in 2007-2008 are still in the system. The looting has continued unabated. The global financial system is on the verge of truly imploding and the central banks have been working around the clock to devise the next distraction to steal the remainder of our wealth. They now have most of the tools.

We have been reporting about the banks, citizens and various companies wishing to move to a cashless society, no paper currency in circulation. The country of Sweden has already taken the first step and is completely cashless. China is primarily a cashless society with most of the citizens using a type of debit card, computer or their phone for most all of their transactions. Very little hard currency in China.

In a few days, on September 4, 2016 the G20 will meet, in China, to discuss the current and future state of our global financial and economic systems. One of the items on the table, that we have covered extensively, is the new SDR bond that will be issued through China. This new bond is multi-layered. It can be used by everyone from governments to institutional investors to individuals. I say “used” as with any bond it can be taken to a bank an put as collateral against a loan.

Now we can put some of the pieces together.

The SDR basket of currencies, which are used by the member nations as an alternative settlement currency, are issued by the IMF and consist of the following currencies: U.S. dollars, euros, British pound sterling, Japanese yen and on October 1, 2016 the Chinese yuan (renminbi). What’s interesting about the new USC digital currency is that it was developed to have the ability to transfer to the following currencies at parity (one to one, e.g. one dollar equals one USC) – US dollars, euros, British pounds and Swiss francs. This is an interesting line up and begs the question, why would an internet based currency – cryptocurrency – need to be tied to four different currencies?

The world reserve currency is currently the U.S. dollar and is used to settle trade between countries. For example if France purchases oil from Saudi Arabia they convert euros into dollars to complete the transaction. This forces countries to hold and use U.S. dollars. Countries, especially China, no longer see a need for this system. Of course, the U.S. Treasury and Federal Reserve wants it to continue as it is a great benefit to their hegemonic system.

Two years ago China launched and fully funded the AIIB, Asia Infrastructure Investment Bank. This bank is designed to work along side other global banks like the IMF, World Bank and BIS. These banks are considered the main central banks for the global banking system. These global entities are run by unelected bureaucrats that write policies that have a direct impact on our everyday life. The AIIB is in direct competition with this system. When the AIIB launched membership was open to all nations. There were a total of 57 nations that joined. The largest economies in the world, including most of the European countries, Japan, Australia, Russia all joined this bank. All the major world economies joined with one exception – the United States did not join. At the time the world looked around and seemed to be confused as to why the U.S. did not join. I believe we now have a clue as to why that didn’t happen.

It seems there are forces converging all at the same time. If we consider the following bullet points we can begin to see a fairly clear path to a major global change.

  • the global banksters have expressed a desire to move to a cashless society
  • we were told in 1988 the world would move to a one world currency
  • in 2012 the IMF accepted a global bank bail-in program designed around the events that occurred in Cyprus
  • development and funding of the AIIB as an alternative to current global banking cabal
  • the largest economies in the world, with the exception of the U.S. are members of the AIIB
  • the global banking cabal consisting of the IMF, BIS and World Bank have expressed a desire to move away from the world reserve currency system
  • China has been working in conjunction with the IMF to develop and launch a new SDR global bond that can be converted into currency
  • development and launch of a new cryptocurrency designed and built to utilize a variety of the most used currencies in the world
  • the new cryptocurrency is designed to be used at the central bank level

Remember what central banks purpose is? The definition is at the top of this article and states central banks issue currency to their respective nation. Maybe my tinfoil hat is on a little too tight this morning but that is a compelling list of points that seem to be painting a picture of massive change. The picture is not complete and I am not suggesting this is the plan, however, it does make one take notice of these items coming together in a very compressed window of time.

2018 is right around the corner. Global economies are in deep, serious trouble. I have been saying we are in a global economic depression for several months. The U.S. has dug a hole of debt that is inescapable. China has carried the bulk of this debt, wants to be paid out and understands the debt may not be paid. The above information is from the people developing these plans and implementing these policies. I’m not sure how else to make it any clearer.

The U.S.dollar is in very real trouble and the world is looking for a way to send all those dollars back to the U.S. and replace them with a different currency for trade. It appears most of the tools are in place. It appears we could see the U.S. dollar morph into a U.S. based currency that no one will want or accept. It also appears there is a lot more to the new SDR bond than meets the eye. It appears as the perfect time to introduce a new currency would be during a global depression. One slip by any of the central banks around the world and the whole thing comes apart. What a great way to get the people to accept a new currency that is mailed to your home, in the form of a debit card and your bank accounts are all conveniently converted with the flip of a switch.

Will we see this unfold and come to fruition by or in 2018? I have no idea. What I can say is this: the dollar is going to change wether that means tomorrow, next week or ten years from now I can not say, but it is going to change and it seems there are, currently, a lot of tools, avenues and systems in place to make that happen.

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The Daily Coin

Rory Hall, The Daily Coin. Beginning in 1987 Rory has written over 1,000 articles and produced more than 300 videos on topics ranging from the precious metals market, economic and monetary policies, preparedness as well as geopolitical events. His articles have been published by Zerohedge, SHTFPlan, Sprott Money, GoldSilver, Silver Doctors, SGTReport, and a great many more. Rory was a producer and daily contributor at SGTReport between 2012 and 2014. He has interviewed experts such as Dr. Paul Craig Roberts, Dr. Marc Faber, Eric Sprott, Gerald Celente and Peter Schiff, to name but a few. Don't forget to visit The Daily Coin and Shadow of Truth YouTube channels to enjoy original videos and some of the best economic, precious metals, geopolitical and preparedness news from around the world.