Thursday, May 17, 2018

Look What a Central Banking Insider Just Said About Cryptocurrencies



Cryptocurrencies; some love them, some hate them, some are afraid of them, some think they are inherently evil, some don’t understand them, and some could care less. Regardless of which camp you are in, if any, it looks like cryptocurrencies are poised to  be the future money, just like digital dollars for the most part are now.
 
Read what a central banking insider just stated in a speech entitled; The Future of Central Bank Money at the International Center for Monetary and Banking Studies in Geneva a few days ago. 

In my remarks this evening I would like to share some more general thoughts on the role of the central bank’s balance sheet in the economy. My focus will be on central bank liabilities – that is, money created by central banks to be used as a means of payment and store of value…
 
What distinguishes the discussion today from previous discussions, however, are three new facts:
 
The first is that we are seeing a dramatic decline in the demand for cash in some countries, in particular Sweden and Norway.
 
The second is that central banks today could make use of new technologies that would enable the introduction of what is widely referred to as a “token-based” currency – one based on a distributed ledger technology (DLT) or comparable cryptographic technology.
 
And the third “new” fact, at least from a long-term perspective, relates to the role of central banks in setting monetary policy, and more recently to the emergence of negative rates as a policy instrument and the consequences for the transmission of monetary policy. 

Source: ECB
 
Let’s put the title together with #2
 
The Future of Central Bank Money—a “token-based” currency – one based on a distributed ledger technology (DLT) or comparable cryptographic technology.
 
I think you get the picture—the cryptocurrency wave is coming. Here is a little more proof of what is coming.

NYSE's Plans For 'Physical Delivery' Of Bitcoin Pave Way For Major Crypto Adoption, Analysts Say.
 
So in my opinion Cryptos are poised to become the new money, and if you get involved while it is still relatively new you could benefit greatly.
 
If you would like to read a good overview of the whole Cryptocurrency concept and possibly get involved, see the post; Cryptocurrency and the End of the World.
 
Would you like to know the best time to buy and or sell Cryptos? Check out the Gold 2020 Crtyptocurrency Index Report—40% off to my readers with the code: BIN40% 

 

Watch ye therefore, and pray always, that ye may be accounted worthy to escape all these things that shall come to pass, and to stand before the Son of man. Luke 21:36

The end times are knocking on the door and so is Jesus. He wants to save you, will you let him in? Find out what you must do to be saved
here.
 
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William Frederick is an end times Bible prophecy researcher who has written a must read prophecy book entitled The Coming Epiphany which is available in paperback and as an eBook on Amazon.com.
 
In The Rapture Theorem Mr. Frederick presents a proof showing why the Rapture will not occur until after the moon is turned to blood on a very special day, which is available in paperback and as an eBook at Amazon.

He has also cracked the hidden codes on the dollar bill that have staggering implications, which are explained in his book The Dollar Code; also available in paperback and as an eBook on Amazon.com.


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1 comment:

  1. making a profit off information that can help others is not of god

    ReplyDelete