This defeats the whole purpose. You’re just replacing paper money with digital currency but the value of that currency is still being controlled and manipulated by financial elites and government bureaucrats. The whole point of bitcoin and crypto is to NOT have a third party to verify a transaction between 2 individuals.
Crypto will eventually find it's way to become centralized. It's nothing more than cash, but digital. Centralized bank notes are backed by either gold, or put through 'fiat' status, which is dictated by some centralized bank, or basically think of a centralized bank as a giant house made of gold, with a brain. People tend to forget that crypto like Bitcoin only has value because of an already existing reserve currency. If Bitcoin became an exchange currency, people will find a way to centralize it. This is why bitcoin and other crypto's should not because an exchange currency, it has more value as a place holder outside the already existing banks.
@@strongfp All of these are nonsense. Gold is still the best store of value, maybe from there onwards it can be something like Property/Real Estate. People are delusional if they think they're gonna win this battle with the banks who created this game lol. Bitcoin is the delusional mans coin. I salute those making money and percentage increases, but it means nothing if you haven't taken your profits. And it can easily be manipulated by the same people the bitcoin maximalists are running from.
@@strongfp then let there be an exchange between p2p crypto vs fiat money as it is right now. Otherwise you're giving way to support them in their quests. TAX YOU OVER. Ignore CDC and continue to invest and support into peer to peer blockchain technology (Bitcoin, Ethereum and others) let them dabble with that.
"programmable" money. Think how dangerous that is. You WILL spend or lose 10%. We WILL see every penny you have and where it goes. We WILL "" approve "" what you can and can't buy or block YOUR money. Avoid this like the plague!
@@sokabampendulo9306 Well, reguardless of the order the series of events comes to fruition, do you agree that what is taking place is in accord with scripture?
This sounds more like a propaganda video for central-bank controlled digital currencies that can be manipulated for and on behalf of the financial institutions, than informative information on digital and crypto currencies.
That's exactly what this video is. Most Americans know corporate media is propaganda for the corporate state. And those who don't know are really the people this video is for
If I were you, I would take it seriously this, because I am assuming you are holding bitcoins. What I know if that central banks are currently working in that crypto. This is one of the reasons I am not holding bitcoins...
@@marioalll yeah its a scam, BTC is not decentralized in a traditional sense. there IS a source which ensures protocols and maintains the structure, analyzes payments etc. in fact, it is so resource intensive that its cost outways the energy price... anonymity is also up to the central authority which controls the GPUs which monitor the blockchain.... like hacking into everyones computer by having the owner GIVE the authority the password. its backwards and most dont understand that. to maintain anonymity, the source which maintains the protocol needs to maintain its control over the pooled GPU resources. if it loses it, say to a government controlled GPU farm, you get recentralization. it will be interesting to see who competes for the biggest GPU farm. essentially, wasting resources to "claim" work done when all that has happened is a matrix function by a bunch of fast computers. crazy and weird. movies arent always wrong.
@@noahwhipkey6262 it's hilarious to read somebody's comment and instantly realize they have no idea what they're talking about please continue this is very entertaining I took a screenshot and put it on a Reddit forum and everyone's laughing at it. Don't even attempt to study cryptocurrency its just too advanced the best example I can give you is some people when they are in school take advanced classes usually advanced math and others just skip it and eventually graduate. So please continue this is hilarious.
what was failed to be mentioned here is that with all currencies being electronic, there will be a record of everything, EVERYTHING you buy say goodbye to your privacy
In india is about to happen. Our country is already used to make online translations for every little thing. Now they are saying openly to remove cash completely
My favorite moment was when they said it could take "months" to convince people to trust them... "maybe even years." The fact that they think of the long game in months is exactly why I don't trust them to manage my currency.
Government and currency should be very separate... political control of currency is basically discrimination...picking winners and losers based on political support
I don't think they're worried about bitcoin. Bitcoin is a speculative asset, let's leave at that. It's not a currency, it doesn't follow basic currency rules. And people treat it as an investment/speculative vehicle anyway.
@Ministry of Mystics bitcoin gives us a little privacy, thanks to bitcoin no government needs to know how much money you have, so the government is less likely to steal your money, if you study a little more about cryptocurrency and your proposal I think you will like it of bitcoin.
Bitcoin should not be trusted either. You are being g manipulated still. Bitcoin is giving you the illusion your prosperity is safe. Once everyone goes down the digital currency route, the elite will still be able to pull the rug from under your feet. I know cash is old fashioned, but it's the only way you can take your wealth out of the bank and be truly independent. The banks know this.
Bitcoin should be transparent and it isn't as easy as people thinks It is, there are so many strategies to be learnt and unfolded about Bitcoin trading
People come here with the aim of chasing money more than knowledge and that will damage your progress,turst me chase knowledge and I promise you the money will follow you just like it's following some of us now
and privacy.....where the banks may blow crypto's away is they will probably insure your money. Bitcoin has no true security . This is going to get interesting
@@toddlavigne6441 Bitcoin offers a different type of security. There is no such thing as a bank run with crypto because nobody is lending stuff they don't have in the first place.
digitization exists FOR ONE REASON! complete elitist control over ALL humanity. technology doesn't exist for OUR benefit but for the benefit of our oppressors. capitalism's a damned scam. bitcoin is a scam. digitization IS A DAMNED SCAM! the police-state IS HERE ASSHOLES! if you're buying into this digital "revolution" you've bought into your own slavery! corporations are selling us our own slavery at PREMIUM PRICES! and 90% of humanity has proven stupid enough to volunteer for and actually purchase their own slavery. human society is disintegrating before our very eyes and all you idiots can do is cheer its destruction. the world's infrastructure has collapsed and all you can do is CHEER IT ON! there's more misery today - THAN EVER in the history of the world. and all you idiots can do is conform to, comply with and EMBRACE this misery and call it "PROGRESS"! how did it come to this? how did humanity regress to the point of believing the lies of their own oppressors? you can't blame it on the education system because i'm a product of the same education as the rest of you and I'M NOT THAT STUPID! so, why are all of you so damned STUPID?
If something like this happens in your country, do one of two things: stop accepting the currency (which will trigger a breakdown of the system if enough people do it) or leave the country.
I agree, this idea is absolutely insane and should never happen but for people to "stop accepting" is equally insane, people can't just stop paying their bills out of protest for the government and central bank. Who does th a t really hurt?!
That’s why you need a professional broker that we make trade and much profit for you, I recommend investor Gloria she has been trading for me for some years now and I’m very much comfortable with her.
@@Theredrain6 how cant you not see? Dont even mind trying to elaborate, best advise is enjoy life to fullest while you can, when this blows up then you’ll understand what you needed elaborated.
first thing to do is to stop all form of trade and seek the help of an expert to guide you through. allot of people shy away from this thinking they could do it alone and end up blowing up their account.
I've lost nearly 4000 in my demo account, used allot of strategy I saw on youtube and read online, what advice do you have for me, which strategy should I focus on?
@@peterbedley2719 People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it's following some of us now.
i would rather have gold and silver coin than any crypto currency on the planet. even fiat cash in my pocket would be a better option. i'd like to see how you digital currency work in a blackout.
CNBC you forgot to mention that CBDC has the ability to be programmable i.e. ability to automatically tax each "coin" or citizens only being able to spend on what is deemed correct by government. (Well at least you mentioned negative rates)
@@_Digitalguy Apologies I shouldn't have said governments. I should have said central banks directed (or "encouraged") by policies of the IMF and BIS etc. I've looked into this alot not just this one video. Lots of interesting concepts about modern monetary theory and how it can be applied has been discussed by the Digital Dollar Project/Chris Giancarlo and BIS/IMF white papers etc
@@Thechan748121 I am an economics and finance teacher and I have even worked for years for one of these 2 institutions. Anyway I am definitely not in the camp of conspiracy theories about these institutions secretly working against poor people etc.. Populists love to spread this kind of misinformation...
@@_Digitalguy it's funny I knew you would call me a conspiracy theorist. But at the end of the day digital currency has the ability to be programmable 🤷. Time always reveals the truth. The road to hell is paved with good intentions...
@@Thechan748121 I don't know you, and I don't call you anything, but I have quite a few years of experience with international/supranational organisations to know some of them probably a bit better than the average person. Anyway when I look at comments on this and other videos a I see a lot of people that seems to come straight from those conspiracy movements that then some populist guy or party will take advantage of and even manage to be elected as president or prime minister... Fortunately it's still a minority here in Europe, in the US it's more worrying... even though after getting rid of Trump there is at least some hope now...
I will never use it if I can avoid it. I don't think their plan is to continue with the usual currency ways of transactions and just "complement" it with this digital currency. It is clear that the idea is to wipe out the traditional currency and have control over people, controlling their money
It's called creeping socialism for a reason. Sure...it's just being introduced to "complement" existing currencies...knowing that as they continue to put strains on that existing currency, and taxing heavier cash transactions, they will slowly force everyone onto their system that allows them to monitor every penny spent by everyone.
@@Alexwhatisit I think you're missing the point, money IS debt, and is owed back plus interest. If no one takes out a loan, there is no money. When people stop borrowing and start paying off debts, the economy grinds to a halt and the entire thing goes into a deflationary collapse. That's why every time there's a hiccup in the economy and people get fearful and stop borrowing, government borrows like a trillion dollars to "stimulate the economy". To pump money back into the system. Now, if that sounds like a ponzi scheme to you, that's because it is.
It can also give them total control of the money and put in terrible condition and depends on who runs the system they can also stop money available to everyone
"Oh, you wanted to fill up with gas today? Sorry, you've already spent your allowance on fossil fuels for the month. You've been declined. Don't you care about the environment?" These elitists have realized they cannot control markets through businesses, which those with more capital access will afford to avoid...but by controlling consumers directly. This is the most heinous and evil aspect of Marx's failed ideas, distilled to remove any substance he may have had.
You are talking nonsense. With a smart phone. You don't have freedom at all. Try to think how Trump be banned. Even was a powerful country president won't help anything out.
@@funjunkyy they do. Ignore it and stick with peer to peer online crypto not institutionalized crypto. People just need a little education. It's not hard. It's like smartphones. Flip flops to smartphones.
@@h.c4898 bruh smartphones are literally the reason any of this is happening, they introduce these devices and new processes to you...you hear commercials promoting the "future" "progress" "technology" and they bombard you with it suggest it to you until you rely on it in the name of efficiency. Smart phones are literally the precursor to all of this digitization and surveillance, the irony of calling it a ''smart" phone, ppl stare at the phone all day and are still clueless, the more i observe this world the more i understand things, They use the word smart because it subconsciously registers in your brain that it something to strive for, to have, and obtain... if ppl were familiar with psychology they would recognize the manipulative tactics ppl in power (gov/corporations/institutions) use to influence and gain control over ppl.
Here is a story that came to my mind after watching this video.. "Financial education is the key to success during time of crisis. Those that understands how money works will survive no matter which way the market is moving".
Trading with an expert in the field is the best, have been making a huge returns from my investment since I met Linda Howard one of the best in crypto currency investment.
So, the conclusion is: 1) The central banks are at threat from the whole spectrum of cryptocurrencies and they want to introduce their own digital currency. That will give them control of the financial transactions of the citizens and provide the ability for all other sorts of controls. So win-win for them, much less hassle than with the private banks in a role of intermediary. They will probably do that using global reset by moving from the dollar as a reference to probably Imf sdr . 2) Private banks realize now that they are screwed either way because they´ll become obsolete and they are practically begging for survival(like that guy from the bank of Italy at the end) selling us empty stories of yesterday. We don´t care. They will probably offer some sort of cryptocurrencies, but in reality, there's no real reason to use them and then pay them for them using our money. 3) I can imagine they are seeing crypto(Bitcoin or any else) as a grave threat because this is maybe the first time in history that people started to use their own currency as a means of exchange, without any control from a state or elites. Conclusion: Buy crypto to save financial freedom and keep it alive P.S. I´m not at all an anarchist and I would gladly pay taxes for a state to use it for a common good, but would like to keep my digital wallet private and only in my control.
Why not learn how to operate under bankruptcy like your supposed to do . That's the reason is the entire POPULATION is in DEFAULT. Not my words , that's the supreme court. That DEFAULT left the Fed wide open for a Lawful claim bypassing the intermediary......and that's exactly what happened.
digitization exists FOR ONE REASON! complete elitist control over ALL humanity. technology doesn't exist for OUR benefit but for the benefit of our oppressors. capitalism's a damned scam. bitcoin is a scam. digitization IS A DAMNED SCAM! the police-state IS HERE ASSHOLES! if you're buying into this digital "revolution" you've bought into your own slavery! corporations are selling us our own slavery at PREMIUM PRICES! and 90% of humanity has proven stupid enough to volunteer for and actually purchase their own slavery. human society is disintegrating before our very eyes and all you idiots can do is cheer its destruction. the world's infrastructure has collapsed and all you can do is CHEER IT ON! there's more misery today - THAN EVER in the history of the world. and all you idiots can do is conform to, comply with and EMBRACE this misery and call it "PROGRESS"! how did it come to this? how did humanity regress to the point of believing the lies of their own oppressors? you can't blame it on the education system because i'm a product of the same education as the rest of you and I'M NOT THAT STUPID! so, why are all of you so damned STUPID?
why everyone talk abou t"people beeing controlled" first of all whatever it more than 2 it have to be some order..! you have kids? you have to control them..your kids control ther belongs and soo on.! even animals have order and control betwen them ! what you guys expect? that everyone will be free to do whatever he wants with no control ? you guys cand see how problematic that will be ? how will be if there will be no control and everyone do whatever the hell he wants? ofcrose a control is needed
This is so surprising, i also just started trading with sharon Allison she is the best at what she does with initial investment of $1000 i made up to $5300 in just a week of trading with her, her trading strategies are mind blowing
Yes you are right, i was having doubts at first until i got my first payout i think she's the best broker in the world i started investing with her during the pandemic I'm now on my way to financial freedom
@Patricia U kidding me? So you didn't invest in 2019(kudos for you, wise decision) and now you hesitate? It's not just save now, it's maditory to buy BTC before it finally blast off!🌈
How would you bypas need of making transactions in US dollars with cbdc ? That's form internal use unless your businesses partner using the same cbdc currency instead of dollar
@@maciejchoromanski1302 It doesnt have to be the same currency, unless both parties can agreed in using their own currency for transactions, US dollar won't be needed. In fact, most Asian countries have been doing this for years in terms of trade with the current currency
There is no bypassing the system, and digital currency is not new. E-gold and even the Euro currency were 100% digital (in the 1990s). It took a couple years and Jay-Z before people actually had Euros in their wallets.
and buy in the company only goods that they want to sell, like food=Insect, no beef, meats, etc,already in Slovakia Tatra Banka, (bank)sending people notices,that they crossed the Carbon limit
Number one reason. Banks hate it when citizens get worried and do a "run on banks" to get their savings out while the banks only have enough money for maybe 10%. Digital currency would stop the dreaded bank run so banks can do whatever they want and back up nothing.
I don't know dude, the whole financial and economic system runs on digital currencies. What is the benefit of a decentralized currency? How would that work in the foreign exchange market? What's the exchange rate? How do we know this decentralized currency is worth this much in other decentralized currencies?
We will be forced to use their blockchain central bank coin if they remove cash (which is the end goal ). That's why decentralized crypto will be so important for us freedom loving people
@@therealcool1144 you're very uneducated about the market. BTCUSD, BTCAUD etc already exist. Last week 3 bitcoin based ETFs were released and that's a first.
@@h.c4898 that's like gold tied to a currency. I'm not uneducated, I'm just saying, bitcoin is not a currency, it's an investment vehicle and people treat it as such. They don't treat it as a currency, plus it has basic problems that prevents it from being a currency. And how would decentralization be better than a centralized one?
I pray whoever reads this should become successful. keep l for success. the rich stay rich by spending like the poor and investing why the poor stay poor and be spending like the rich yet not investing. Roar! Invest earn and be successful.
Hello I'm new to bitcoin trade and i have made few loses storing BTC, but recently i see a lot of people earning from it, can someone please give me a new strategy on how to earn
Bitcoin should be transparent and it isn't as easy as people thinks It is, there are so many strategies to be learnt and unfolded about Bitcoin trading
They already do this. When you ask wells Fargo for a mortgage loan they just tell the federal reserve to credit the wells Fargo account the amount of the loan and bam! 97% of all money gets created this way
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Search "xrp" and read all the stupid people on there. They think that they are gonna be very rich but negative interest rates will eat up their digital money.
cryptocurrency have been making millionaires, although people are still having losses due to lack of experience, that is why it is advisable to allow a professional handle your trade. I recommend "Maria Martinez", she is trustworthy.
When i started my first trade with Ms Maria, i was scared of scam, but i am glad today that i made that decision of trading with her. Her profit is so unimaginable.
Thanks to China’s demonstration of unlimited government control associated with CBDC, I think the project is pretty much dead on arrival in many western countries.
@@tubekrake i think, what Bohoa Zhao is trying to say is that the people wont adopt it just as much, because they will be under complete surveilance/control of the Government
A majority of people will choose convenience and government backing over privacy and long term government overreach. We're eff'd, basically. China's model is every government's dream... A compliant population. If you were government, you would do the same. And our psychology will allow it to happen. Slow boiled frogs.
On the contrary mate, many governments would want that happening in their countries. Its bad for liberty and freedom of the people yes, but its good for those who wish to be in control. Who wouldnt want total control? Its human nature.
I appreciated how they gave Bitcoin a fair shake in the beginning by acknowledging how it's value proposition undermines the entire global financial system as we know it. Anyone who really gets it though, isn't interested in "trusting a central bank". I'll take my borderless, decentralized currency, thank you. Store of value is best left trustless.
Bitcoin mining was like stories to me because I was so scared to start, I made a policy that change my life when I said I was gonna invest but I won't invest what I can't lose. Strated with 2.5k and that was it, I began to understand it more and more. My lessons: I was not understanding until I actually felt what the experience was like.
In countries where bitcoin is legal, It marvels me how we still have people that would stay on cheap salary jobs instead of investing in bitcoin. It's really a shame
I'm not sure if these wealthy old banksters really understand cryptocurrencies or not! People are running away from banks because of privacy and control. If you make digital currency what you really doing is switching from fiat paper to fiat digital. Viva bitcoin!
They do, they were the first to write papers on this although Satoshi was the first to make a well known applicable use case they have been tinkering with the idea and different versions for quite a long time. You can look up research articles on cryptocurrencies from Central Banks.
@@ramiyahya3161 t is in the DNA of bitcoin blockchain to store all the wallets your currents satoshis you have have travelled from the first genesis block to your hand. Government could also dvp a payment network where KYC is required (where any wallet should be linked with official ID), and make any btc tx outside that network illegal or criminal.any btc that has sat on an exchange at any time is automatically linked with the ID of the user. Bitcoin could usher in a tyrannical world, but hey as an asset it is interesting and lucrative.
This has been the plan all along. It’s called predictive programming. Crypto currencies have been purposefully introduced to make us comfortable with it as the central banks go completely digital
bingo, i was trying to word it right and you nailed it good job, this is the best way to describe society as a whole weve been molded to a digitized society.
*I'm 51 years old with no retirement plan yet,any suggestions on accumulating a million dollar portfolio within 12-18 months? I have currently saved a capital of $225k*
Starting early is the best way of getting ahead to build wealth,investing remains the priority. Forex trading has plenty of opportunities to earn a decent payout,with the right skills and proper understanding of how the market works
I totally agree with you,Forex trading is the most profitable venture I ever invested in,I reached my goal of $500k yearly trade earnings, setting realistic goals is an essential part of trading
But successful people don't become that way over night,what most people see is a glance wealth,a great career,purpose is the result of hard work and hustle over time
@@n3gi_ Because we didn’t just watch a staggering number of small businesses be forced into bankruptcy while all the big corporations remained open during a “pandemic”. 🙄
Successful people don't become that way overnight. what most people see at a glace wealth, a great carrier, purpose is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life.🤲🙏
I've tried😪trading, selling covered calls, buying calls, selling short, etc. I sold 50k in options last year, and I'm negative about 2k net on those trades. My best, most reliable option going forward is to DCA index mutual funds within qualified retirement accounts. ROTH, IRA, 401k,SEP, alongside some bluechips and few coins and am still getting lose😑 i don't know what to do now🙃
You know you should be worried when they only tell you how awesome it is, and as I lived in china for several years, I can tell you for certain social credits ARE a real thing. Titanic was suppose to be unsinkable !
LOL..That's why they sell "bitcoin" with money hahaha if it was so great why would they even sell it?? It is a copy of gold, and owned and made up by China
Crypto currency (bitcoin) trade is just like that any other business, but in this case more sophisticated and advanced. When you invest your money goes through the market and is used for trade, only a professional know how to trade with these currencies with yrs of experience and software available.
I'll like you to know that bitcoin is a digital gold-it is harder stronger, faster and smarter than any money that has preceded it. Invest in it now to save your financial future...
Exactly, the number u see in ur bank account is technically a centralized digital currency because the cash equivalent doesn't exist. It is just a number on ur computer screen. 🌝
It's not the same. What you see in your online bank space is paper money. When you send dollars to a friend in France which use EURO the bank is gonna go through the exchange and turn it into EURO you pay for the transaction. Crypto erase this system.
@@danimoosakhan Actually, your bank account is less than BitCoin. Because the money on your account is just numbers, but they don't exist. Bitcoin does exist.
They want control over all of the transactions you make. If they don’t like you then you have $0. If you do as you’re told then you get to use your money
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..
One of the primary reasons central banks want to get into the digital currencies scheme is so that they can enact negative interest rates. As described by one person in this segment, you can't enact negative interest rates within the current baking system effectively because account holders will simply withdraw their currency to protect it from the negative rates. With a digital currency you don't have that problem. If people don't spend their currency as the banks want, they will take it from you in the form of negative rates. You'll have nothing and be happy. Meanwhile smart folks will move into the physical metals (gold and silver) to protect their wealth. Even central banks know this and keeps large reserves of Gold.
And yet the majority of crypto miners are state controlled by the Chinese Communist Party. The massive amounts of subsidized electricity BTC wastes are all government controlled. Decentralization is a myth.
The People: We hate how you guys are printing money like crazy, have all our private information and control if and when we can use our money. The Bank: so you want a DIGITAL money printer to go brrrrr... got it!
This video misses the point of why cryptocurrency was invented in the first place....Removing intermediary and central banks. This tells me how much they don't understand.
cryptocurrency is a type of digital currency, in the context of this documentary, digital currency is being developed by a centralised entities such as central banks. both types could coexist having their pros and cons
Bitcoin is b*llsh*t speculation. If you simply wanted to remove banks from the equation then China has done so with WeChat etc. already. Difference is WeChat doesnt present itself as some bullsh*t value over time "investment" that has historically shed its value enormously in just a few damn hours.
@@RedRanchu This is the reason why I said people don't really get it. First, I agree with you that Bitcoin is speculative. Nothing fundamentally has changed since Bitcoin was invented...similar to the dot.com bubble. However, I am very much interested in the technology behind it (DLT). It's not about removing the banks. It's about removing the intermediary including the banks...key word (Decentralization). No one controls Bitcoin network. WeChat, on the another hand, does. It's a company like Facebook and Amazon. This means that it can be controlled, manipulated, and exploited by a single entity. Think of Bitcoin as Netscape web browser in the 1990s.
Or maybe they (the banks) do understand, and they just don't like the idea of a world in which their position as a defacto middleman in every larger financial transaction, wasn't guaranteed?
No, they became richer because thats the money works,, if you have discipline in your life when you're poor,.? you became rich someday, if you maintain that discipline? ur money will earn money, that u can't consume its earnings just by ur self
@@vonilao2209 yes just keep working your job that is below cost of living, saving every penny and in 40 years you will become a millionaire. Because THAT is how it works...
@@controlledchaos5294 i don't say im working hard to make money, i just said: what i mean for that is - the money i have now should earn money, it should be compounded (that's why we should have a discipline) what u known in life is to have a good job to make money? and u blame the rich because u dont have a good job 😂😂😂😂❤️❤️ u work until u die in that way of thinking
My first investment with Mrs Allen Lisa gave me profit of over $24,000 Us dollars and even since then she has never failed to deliver and I can even say she's the most sincere broker I have known
We don’t need banks, they will be left to fetch for them selves. We decide on what currency we use not the bank. Because the bank without us is worth nothing.
Haha, man that is such an ignorant statement. Bank is not for giving you access to money, it is for assuring your trade partner that you do not run away without fulfilling your payments.
@@jayanthpremachandran5571 Which they sometimes manage, and sometimes they're just giving out dubious loans, and thus go bankrupt and leave people, some of whom didn't even take out any loans themselves, high and dry. The trust product you insinuate banks are so good at providing might just as well be provided by much more transparent and reliable smart contracts.
Neo: What truth? "Morpheus: That you are a slave, Neo. Like everyone else you were born into bondage. Into a prison that you cannot taste or see or touch. A prison for your mind.”
This video is superb.Trading bitcoin requires adequate tutelage from an expert. Mrs Juliana has helped me attain really high level of financial freedom from using her as my broker.She’s reliable and trustworthy
Mrs Juliana has been of great help to me and my family. We were able to recover from great losses from the profits we made while allowing her to trade with our funds.
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This defeats the whole purpose. You’re just replacing paper money with digital currency but the value of that currency is still being controlled and manipulated by financial elites and government bureaucrats. The whole point of bitcoin and crypto is to NOT have a third party to verify a transaction between 2 individuals.
Crypto will eventually find it's way to become centralized. It's nothing more than cash, but digital. Centralized bank notes are backed by either gold, or put through 'fiat' status, which is dictated by some centralized bank, or basically think of a centralized bank as a giant house made of gold, with a brain.
People tend to forget that crypto like Bitcoin only has value because of an already existing reserve currency. If Bitcoin became an exchange currency, people will find a way to centralize it. This is why bitcoin and other crypto's should not because an exchange currency, it has more value as a place holder outside the already existing banks.
@@strongfp All of these are nonsense. Gold is still the best store of value, maybe from there onwards it can be something like Property/Real Estate. People are delusional if they think they're gonna win this battle with the banks who created this game lol. Bitcoin is the delusional mans coin. I salute those making money and percentage increases, but it means nothing if you haven't taken your profits. And it can easily be manipulated by the same people the bitcoin maximalists are running from.
@@strongfp then let there be an exchange between p2p crypto vs fiat money as it is right now. Otherwise you're giving way to support them in their quests. TAX YOU OVER. Ignore CDC and continue to invest and support into peer to peer blockchain technology (Bitcoin, Ethereum and others) let them dabble with that.
Why would people think that the government and banks would not want to keep their share of the pie by centralizing decentralized currency.
More importantly *you loose privacy.* 😞😒
Now every banker will know you bought 2 BlueTooth 8utt Plugs off AliExpress. 😂
"programmable" money. Think how dangerous that is. You WILL spend or lose 10%. We WILL see every penny you have and where it goes. We WILL "" approve "" what you can and can't buy or block YOUR money. Avoid this like the plague!
I cannot believe anyone supports this insanity.
Check!
Yup. Very dystopian.
For what it's worth it seems extremely unpopular and relies on people adopting cryptocurrency - something most people neither understand nor trust.
But it will make life so much easier! Don’t you trust our government? They just want to keep us safe! (S)
For a student of economy, this video is absolutely scary. And the jolly, mater-of-fact way it is delivered. The future is dark.
Jimmy, what is your thoughts on the objective being relative to bible prophecy?
@@tabasco7915 this is Revelation 13:versed16-18. The biochip combined with cbdc is what I call the Antichrist financial system.
@@lastcall8286 When the actual mark is implimented, won't the anti-Christ have revealed himself and be governing?
U wrong
@@sokabampendulo9306 Well, reguardless of the order the series of events comes to fruition, do you agree that what is taking place is in accord with scripture?
This is one of those "We unironically have to stop this before it gets off the ground" kind of things.
This sounds more like a propaganda video for central-bank controlled digital currencies that can be manipulated for and on behalf of the financial institutions, than informative information on digital and crypto currencies.
That's exactly what this video is. Most Americans know corporate media is propaganda for the corporate state. And those who don't know are really the people this video is for
Cardano to the fucking moooooooon 🚀🚀
@@S.O.N.E you wouldn’t find me complaining if that happened 🤞🙂
Facts.
Yup
The comment section gives me hope. People aren't stupid enough to fall for this.
Thats just minority of people. Look at the people in Sweden.
If I were you, I would take it seriously this, because I am assuming you are holding bitcoins. What I know if that central banks are currently working in that crypto. This is one of the reasons I am not holding bitcoins...
@@marioalll yeah its a scam, BTC is not decentralized in a traditional sense. there IS a source which ensures protocols and maintains the structure, analyzes payments etc. in fact, it is so resource intensive that its cost outways the energy price... anonymity is also up to the central authority which controls the GPUs which monitor the blockchain.... like hacking into everyones computer by having the owner GIVE the authority the password. its backwards and most dont understand that. to maintain anonymity, the source which maintains the protocol needs to maintain its control over the pooled GPU resources. if it loses it, say to a government controlled GPU farm, you get recentralization. it will be interesting to see who competes for the biggest GPU farm. essentially, wasting resources to "claim" work done when all that has happened is a matrix function by a bunch of fast computers. crazy and weird. movies arent always wrong.
Right! Stop giving these lunatics so much control under the guise of "national security" or "for your safety."
@@noahwhipkey6262 it's hilarious to read somebody's comment and instantly realize they have no idea what they're talking about please continue this is very entertaining I took a screenshot and put it on a Reddit forum and everyone's laughing at it. Don't even attempt to study cryptocurrency its just too advanced the best example I can give you is some people when they are in school take advanced classes usually advanced math and others just skip it and eventually graduate. So please continue this is hilarious.
Don't need 9 minutes to explain.
Answer....Control
decentralized currency will be control by billionaires not by the people
@@yashacharya8390 arent the governments nowadays controlled by billionaires anyways?
@@hanafihaniff2779 tousche
Thanks
One World Government
Wow, let's trust the government with all our money!!! What could possibly go wrong!!!!
EVERYTHING
😂😂
Centralizing the money "so they can protect you" Here we go...
🤦♂️🤦♂️🤦♂️
Classics! Everything is done to protect stupid us!
@@mceduardik8251 ikr
Rich people crash the market and they tell people banks are the insurance for your money when that happens. I wish more people realized this
Yes there are issues with current banking and monetary systems but don’t dismiss the risk of not having systemic safeguards in place.
what was failed to be mentioned here is that with all currencies being electronic, there will be a record of everything, EVERYTHING you buy
say goodbye to your privacy
Not if you use XMR.
That's why don't support it. Discourage it.
Hy
@@Review-This what is xmr?
@@mmr6825 Monero. XMR is one of the best privacy crypto currency ever made in my opinion that can’t be tracked or traced.
"To make sure that people trust us". That's exactly the reason why people wanna escape from fiat currencies!
cbdc = mark of the beast
In india is about to happen. Our country is already used to make online translations for every little thing. Now they are saying openly to remove cash completely
Grow up.
Are you trying to be the first in the interment camps? Your making yourself a target! Shhh
My favorite moment was when they said it could take "months" to convince people to trust them... "maybe even years." The fact that they think of the long game in months is exactly why I don't trust them to manage my currency.
Nice video, but any help on how to get paid?
Through what kind of job?
Is it online Crypto Investment?
@@JamesWilliam-nv2pg Yes, online Crypto Investment
I get paid directly to my account
@@JamesWilliam-nv2pg How do you do this
Government and currency should be very separate... political control of currency is basically discrimination...picking winners and losers based on political support
cbdc = mark of the beast
@@theta799 CBDC + ESG is the beginning
government used currency to replace gold to buy weapon
Centralized currency means even governments are subject to the control of the banks
@@chrisj5505 governments for centuries are subject to the control of the banking elites!
decentralized digital currency: exist
central bank: lets centralized this decentralized digital currency
Wkwk
Its likely to happen in India soon
Nothing wrong.
Nothing new lol
Decentralised currency is good but it should not be untraceable otherwise terrorism and corruption will boom.
the correct title: the central bank's war against bitcoin
I don't think they're worried about bitcoin. Bitcoin is a speculative asset, let's leave at that. It's not a currency, it doesn't follow basic currency rules. And people treat it as an investment/speculative vehicle anyway.
@Ministry of Mystics bitcoin gives us a little privacy, thanks to bitcoin no government needs to know how much money you have, so the government is less likely to steal your money, if you study a little more about cryptocurrency and your proposal I think you will like it of bitcoin.
@Ministry of Mystics bitcoin has no privacy
Bitcoin should not be trusted either. You are being g manipulated still. Bitcoin is giving you the illusion your prosperity is safe. Once everyone goes down the digital currency route, the elite will still be able to pull the rug from under your feet. I know cash is old fashioned, but it's the only way you can take your wealth out of the bank and be truly independent. The banks know this.
@@jogger949 HAHAHAHAHA
Bitcoin should be transparent and it isn't as easy as people thinks It is, there are so many strategies to be learnt and unfolded about Bitcoin trading
People come here with the aim of chasing money more than knowledge and that will damage your progress,turst me chase knowledge and I promise you the money will follow you just like it's following some of us now
That's very correct sir
That is why most of them end up losing their money to scammers
People want to do what the 99% does but wants to get results that are fit for the 1% but it doesn't work that way
But where are the more credible source to learn about forex trading?
Exactly I mean just look at the comment directly below your's
Wise comment
The entire point of crypto is that it is DECENTRALIZED. What a joke. “Prevent financial destabilization”. Oh you mean like in 2008? 🙄🙄🙄
and privacy.....where the banks may blow crypto's away is they will probably insure your money. Bitcoin has no true security . This is going to get interesting
It will come anyway, centralized digital currency. Hopefully not in the next 30 years.
@@toddlavigne6441 Bitcoin offers a different type of security. There is no such thing as a bank run with crypto because nobody is lending stuff they don't have in the first place.
@@honoriotanquintic6533 2025 is the date set for the Pyramid masters to take total controll.
digitization exists FOR ONE REASON! complete elitist control over ALL humanity. technology doesn't exist for OUR benefit but for the benefit of our oppressors.
capitalism's a damned scam. bitcoin is a scam. digitization IS A DAMNED SCAM! the police-state IS HERE ASSHOLES! if you're buying into this digital "revolution" you've bought into your own slavery! corporations are selling us our own slavery at PREMIUM PRICES! and 90% of humanity has proven stupid enough to volunteer for and actually purchase their own slavery.
human society is disintegrating before our very eyes and all you idiots can do is cheer its destruction. the world's infrastructure has collapsed and all you can do is CHEER IT ON! there's more misery today - THAN EVER in the history of the world. and all you idiots can do is conform to, comply with and EMBRACE this misery and call it "PROGRESS"!
how did it come to this? how did humanity regress to the point of believing the lies of their own oppressors? you can't blame it on the education system because i'm a product of the same education as the rest of you and I'M NOT THAT STUPID! so, why are all of you so damned STUPID?
“You can fool all people some of the time, some people all of the time, but you can’t fool all people all of the time.” -Abraham Lincoln
Well, they ain’t done to bad so far as conning people. Including so called ‘people’ you carn’t con 🤫
m.ruclips.net/video/eKgPY1adc0A/видео.html
Maybe not. But that still leaves a boat load of fools.
Hello
Very well said!
If something like this happens in your country, do one of two things: stop accepting the currency (which will trigger a breakdown of the system if enough people do it) or leave the country.
cbdc = mark of the beast
yep
I agree, this idea is absolutely insane and should never happen but for people to "stop accepting" is equally insane, people can't just stop paying their bills out of protest for the government and central bank. Who does th a t really hurt?!
@@theta799 one step closer to it definitely! Revelation 13
1 thessalonians 4:16-18. On the horizon. Jesus will be taking all children up to age of accountability and those saved by faith in Christ!
I don’t know about Bitcoin and it’s strategies, how do I get In touch with the right broker?
That’s why you need a professional broker that we make trade and much profit for you, I recommend investor Gloria she has been trading for me for some years now and I’m very much comfortable with her.
Bitcoin is the beginning of something great a currency without a government,something necessary and imperative.
I think I have heard about investor Gloria platform she trade for my friend and my friend make much profit ,I’m going to reach her platform
Wow I’m so happy here seeing people’s who knows investor Gloria platform she’s so kind she helped me in all my trades
I’m a living proof that you can make profit in trading with investor Gloria
9 minutes and 12 seconds of completely missing the point.
What you mean
This world and how “groomed” its people have become.. this is horrible and insulting to the intelligence of mankind...
Elaborate
@@Theredrain6 he doesn’t have to elaborate. Maybe you should try extrapolating what he said and use your brain
@@Theredrain6 how cant you not see? Dont even mind trying to elaborate, best advise is enjoy life to fullest while you can, when this blows up then you’ll understand what you needed elaborated.
@@martinflores2039 So what do you expect to happen?
@@Theredrain6 Look up China's Social Credit system; if you criticize the gov't they can lock you out of making purchases.
This is going to be a mess!!
Absolutely have no faith in this system.
Hey! Nice video 👍. I’m actually looking for the best way to start investment and make good profit in it,can someone tell me how to go about it?
first thing to do is to stop all form of trade and seek the help of an expert to guide you through. allot of people shy away from this thinking they could do it alone and end up blowing up their account.
the success behind my profit earning in bitcoin Investment is not solely on my skills but by help of Investing with an expert.
trading has left me no choice than to keep Investing. Francheska Wilson Services to the world👍👍 it makes so much profit for me.
I have been Investing and trading and still yet to earn my first profit. what strategy did you use pls
I've lost nearly 4000 in my demo account, used allot of strategy I saw on youtube and read online, what advice do you have for me, which strategy should I focus on?
When the poor learn the rules of the game the rich cry foul
Real fact sir
If you want to be successful have the mindset of the rich, spend less and invest More. Don't give up your dreams.
@@peterbedley2719 People come here with the aim of chasing money more than knowledge and that will damage your progress, trust me. Chase knowledge first and I promise! The money will follow you just like it's following some of us now.
@@itoboreoghenevwegba4306 That's very correct sir!!
And that is why most of them end up losing they money to scammers.
Don't be in a haste to invest. Know what and who you are investing to and be sure that the person will deliver before investing.
Lol, I would rather hold the cayman's cryptocurrency than the fed's shitcoin.
Good idea. Lol. Fiscal paradises crypto or peer to peer crypto VS institutionalized crypto. 🤔🤔🤔
CNBC@ you can dabble on that one.🙂😄
i would rather have gold and silver coin than any crypto currency on the planet. even fiat cash in my pocket would be a better option. i'd like to see how you digital currency work in a blackout.
@@rogueelement1176 The datas don't get lost if that's what you mean.
@@rogueelement1176 in a blackout what gold can do for you? What's more useful in a blackout, a flashlight or a mineral?
@@h.c4898 if you think these systems that are in place are infallible you are wrong. Anything can happen you have to have a backup plan.
CNBC you forgot to mention that CBDC has the ability to be programmable i.e. ability to automatically tax each "coin" or citizens only being able to spend on what is deemed correct by government. (Well at least you mentioned negative rates)
you didn't (want to) understand what this is, governments have no control on these digital currencies, at least not in Western countries
@@_Digitalguy Apologies I shouldn't have said governments. I should have said central banks directed (or "encouraged") by policies of the IMF and BIS etc. I've looked into this alot not just this one video. Lots of interesting concepts about modern monetary theory and how it can be applied has been discussed by the Digital Dollar Project/Chris Giancarlo and BIS/IMF white papers etc
@@Thechan748121 I am an economics and finance teacher and I have even worked for years for one of these 2 institutions. Anyway I am definitely not in the camp of conspiracy theories about these institutions secretly working against poor people etc.. Populists love to spread this kind of misinformation...
@@_Digitalguy it's funny I knew you would call me a conspiracy theorist. But at the end of the day digital currency has the ability to be programmable 🤷. Time always reveals the truth. The road to hell is paved with good intentions...
@@Thechan748121 I don't know you, and I don't call you anything, but I have quite a few years of experience with international/supranational organisations to know some of them probably a bit better than the average person. Anyway when I look at comments on this and other videos a I see a lot of people that seems to come straight from those conspiracy movements that then some populist guy or party will take advantage of and even manage to be elected as president or prime minister... Fortunately it's still a minority here in Europe, in the US it's more worrying... even though after getting rid of Trump there is at least some hope now...
I will never use it if I can avoid it. I don't think their plan is to continue with the usual currency ways of transactions and just "complement" it with this digital currency. It is clear that the idea is to wipe out the traditional currency and have control over people, controlling their money
It's called creeping socialism for a reason. Sure...it's just being introduced to "complement" existing currencies...knowing that as they continue to put strains on that existing currency, and taxing heavier cash transactions, they will slowly force everyone onto their system that allows them to monitor every penny spent by everyone.
No more cash for side jobs. They even want to tax the 20 your grandma puts in your Christmas card.
Lend family money to cover some unexpected bills, taxed. The only convicted criminal is Legard from the IMF.
Give a man a gun, he will rob a bank. Give a man a bank, he will rob the world...)
What I hate about this quote is it excuses the victim that allows himself to be robbed.
No one held a gun to your head to take that loan jr.
@@Alexwhatisit I think you're missing the point, money IS debt, and is owed back plus interest. If no one takes out a loan, there is no money. When people stop borrowing and start paying off debts, the economy grinds to a halt and the entire thing goes into a deflationary collapse. That's why every time there's a hiccup in the economy and people get fearful and stop borrowing, government borrows like a trillion dollars to "stimulate the economy". To pump money back into the system. Now, if that sounds like a ponzi scheme to you, that's because it is.
@@darkodosen1025 look at my avi. That's how I'm looking at your reply.
@@Alexwhatisit I have no idea what the fuc you're talking about
@@darkodosen1025 clearly.
Digital Currency: "You'll have nothing and be happy".
⬆️ truth
6uild 6ack 6etter!
@@captainheretic well said
Sure
Be ready in 2030
It can also give them total control of the money and put in terrible condition and depends on who runs the system they can also stop money available to everyone
"Oh, you wanted to fill up with gas today? Sorry, you've already spent your allowance on fossil fuels for the month. You've been declined. Don't you care about the environment?"
These elitists have realized they cannot control markets through businesses, which those with more capital access will afford to avoid...but by controlling consumers directly. This is the most heinous and evil aspect of Marx's failed ideas, distilled to remove any substance he may have had.
Exactly
No. I’m not sacrificing my freedom to be controlled either by tech companies or a Central Bank.
LOL your money is controlled by your central bank at all points of your country's existence.
That's the whole point of a decentralized currency bro...
big tech don't control bitcoin
you can even make your own
You are talking nonsense. With a smart phone. You don't have freedom at all. Try to think how Trump be banned. Even was a powerful country president won't help anything out.
@@CosmicValkyrie Please don't remind me
"Dont use the cash the virus can dwell on cash too " Central Banks
Now we know why they said this
Digital currency are planned ahead of this pandemic we're force to use digital currency sooner or later.
Silver kills bacteria and viruses.....gee i wonder if they'll switch to that 😏
Another way to support social distancing and beat the virus. Block chain technology. The Virus is gonna kill paper money at some point.
G Be ready in 2030 #GreatReset #GreatDepressionPart2 😭😩
Never, never, never in a million years. I hope the idea dies on the vine.
Well, i think people wont have a choice. And besides, 80% of people dont have any clue about the financical system and will just take it.
@@funjunkyy they do. Ignore it and stick with peer to peer online crypto not institutionalized crypto.
People just need a little education. It's not hard. It's like smartphones. Flip flops to smartphones.
@@h.c4898 bruh smartphones are literally the reason any of this is happening, they introduce these devices and new processes to you...you hear commercials promoting the "future" "progress" "technology" and they bombard you with it suggest it to you until you rely on it in the name of efficiency. Smart phones are literally the precursor to all of this digitization and surveillance, the irony of calling it a ''smart" phone, ppl stare at the phone all day and are still clueless, the more i observe this world the more i understand things, They use the word smart because it subconsciously registers in your brain that it something to strive for, to have, and obtain... if ppl were familiar with psychology they would recognize the manipulative tactics ppl in power (gov/corporations/institutions) use to influence and gain control over ppl.
Here is a story that came to my mind after watching this video..
"Financial education is the key to success during time of crisis. Those that understands how money works will survive no matter which way the market is moving".
Warren Buffett once said "if you don't find a way to make money while you sleep, you will work until you die".
@Trisha White The fast and easiest way of making money in the world of today is by investing in crypto currency.
Trading with an expert in the field is the best, have been making a huge returns from my investment since I met Linda Howard one of the best in crypto currency investment.
I'm a beginner who is seeking for advice, I want to start trading.
Please, how do I reach out to Ms Linda Howard for advice and trading strategies?
So, the conclusion is:
1) The central banks are at threat from the whole spectrum of cryptocurrencies and they want to introduce their own digital currency. That will give them control of the financial transactions of the citizens and provide the ability for all other sorts of controls. So win-win for them, much less hassle than with the private banks in a role of intermediary. They will probably do that using global reset by moving from the dollar as a reference to probably Imf sdr .
2) Private banks realize now that they are screwed either way because they´ll become obsolete and they are practically begging for survival(like that guy from the bank of Italy at the end) selling us empty stories of yesterday. We don´t care. They will probably offer some sort of cryptocurrencies, but in reality, there's no real reason to use them and then pay them for them using our money.
3) I can imagine they are seeing crypto(Bitcoin or any else) as a grave threat because this is maybe the first time in history that people started to use their own currency as a means of exchange, without any control from a state or elites.
Conclusion: Buy crypto to save financial freedom and keep it alive
P.S. I´m not at all an anarchist and I would gladly pay taxes for a state to use it for a common good, but would like to keep my digital wallet private and only in my control.
Why not learn how to operate under bankruptcy like your supposed to do . That's the reason is the entire POPULATION is in DEFAULT. Not my words , that's the supreme court. That DEFAULT left the Fed wide open for a Lawful claim bypassing the intermediary......and that's exactly what happened.
Yeah they can piss off....Bitcoin won
Lol. The central banks own Bitcoin genius.They hijacked it.
@@muzic4lyfe2005 utter..horse shit "da central banks dude" dont own anything blockchain
digitization exists FOR ONE REASON! complete elitist control over ALL humanity. technology doesn't exist for OUR benefit but for the benefit of our oppressors.
capitalism's a damned scam. bitcoin is a scam. digitization IS A DAMNED SCAM! the police-state IS HERE ASSHOLES! if you're buying into this digital "revolution" you've bought into your own slavery! corporations are selling us our own slavery at PREMIUM PRICES! and 90% of humanity has proven stupid enough to volunteer for and actually purchase their own slavery.
human society is disintegrating before our very eyes and all you idiots can do is cheer its destruction. the world's infrastructure has collapsed and all you can do is CHEER IT ON! there's more misery today - THAN EVER in the history of the world. and all you idiots can do is conform to, comply with and EMBRACE this misery and call it "PROGRESS"!
how did it come to this? how did humanity regress to the point of believing the lies of their own oppressors? you can't blame it on the education system because i'm a product of the same education as the rest of you and I'M NOT THAT STUPID! so, why are all of you so damned STUPID?
Bitcoin baby! Ignore the broke haters...
@@ViralKiller look at mt gox
Answer is simple: So that people could be controlled
lol do you know what control means? You don't control people with CBDC. Not much will change with them. Our money already is 80% digital.
why everyone talk abou t"people beeing controlled" first of all whatever it more than 2 it have to be some order..! you have kids? you have to control them..your kids control ther belongs and soo on.! even animals have order and control betwen them ! what you guys expect? that everyone will be free to do whatever he wants with no control ? you guys cand see how problematic that will be ? how will be if there will be no control and everyone do whatever the hell he wants? ofcrose a control is needed
@TheLord IsComing lol they could do that already
@TheLord IsComing i dont give a fu**
@@bloodhoug82 It means total control over all of your online activity. They don’t even try to hide this.
🌈 *I DON'T KNOW WHO NEEDS TO HEAR THIS, YOU'VE TO STOP SAVING MONEY, INVEST SOME PARTS OF IT IN CRYPTO, IF YOU REALLY WANT FINANCIAL FREEDOM.* 💯💯
I think I'm blessed if not i wouldn't have met someone who is as spectacular as expert mrs sharon Allison
Wow, amazing to see who trade with sharon Allison. I am currently on my 6th trade with her and my portfolio has increased tremendously
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Central bank want to get into digital currencies, those that means our money will be gone soon 🤷
I NOTICED BITCOIN IS ALREADY TAKING OVER THE WORLD ECONOMY AND FINANCIAL MARKET BIT BY BIT
@Patricia
U kidding me? So you didn't invest in 2019(kudos for you, wise decision) and now you hesitate? It's not just save now, it's maditory to buy BTC before it finally blast off!🌈
Investment in Cryptocurrency is one of the best chance of making money
My first investment with Mr Frank earned me profit of over $24,740 US dollar and ever since then he has been delivering.
He's obviously the best .I invested 2000USSD with him and in 7days I made profits of 9100USSD
it also lets countries bypass the us finanical system and swift
Swift is really bad and old system of transfer payments.
Swift is terrible and slow
How would you bypas need of making transactions in US dollars with cbdc ? That's form internal use unless your businesses partner using the same cbdc currency instead of dollar
@@maciejchoromanski1302 It doesnt have to be the same currency, unless both parties can agreed in using their own currency for transactions, US dollar won't be needed. In fact, most Asian countries have been doing this for years in terms of trade with the current currency
There is no bypassing the system, and digital currency is not new. E-gold and even the Euro currency were 100% digital (in the 1990s). It took a couple years and Jay-Z before people actually had Euros in their wallets.
The irony is crypto currency makes people bankers and the bank one of their customers
They want total control.
and absolute slavery
Banks realizing that the power is escaping their claws... 🤣
Juice
True, but ymthey always find a way to get it back.. nothing to laugh about
Not that there are any better alternatives.
They are afraid of losing control to a decentralized currency.
So they collect your data aka no more privacy
Also Government can also cancel your bank account anytime
Digital Currency scares me because it sound too much like Script Money. Money you can only use at the "Company Store."
and buy in the company only goods that they want to sell, like food=Insect, no beef, meats, etc,already in Slovakia Tatra Banka, (bank)sending people notices,that they crossed the Carbon limit
Short answer: negative interest rates for all citizens. You will own nothing and you will be happy.
Exactly 💯
Facts
Don’t u love commies
Negative rates are debt. You will pay banks to hold your funds 😁
@@gouthia it's better to buy a safety vault than to pay monthly negative interest rate.
@@Retro1965 and what do you put in the safe when your money is digital only?
Number one reason. Banks hate it when citizens get worried and do a "run on banks" to get their savings out while the banks only have enough money for maybe 10%. Digital currency would stop the dreaded bank run so banks can do whatever they want and back up nothing.
Banks do not have any money other than customer deposits. Banks are in the business of Securities
Damn you guys just opened my eyes wow smh what has this world come to smh this new generation will be F’D up
Why would anyone prefer a Bank-manipulated digital currency
compared to completely decentralised ones like Cardano or Polkadot?
I don't know dude, the whole financial and economic system runs on digital currencies. What is the benefit of a decentralized currency? How would that work in the foreign exchange market? What's the exchange rate? How do we know this decentralized currency is worth this much in other decentralized currencies?
We will be forced to use their blockchain central bank coin if they remove cash (which is the end goal ). That's why decentralized crypto will be so important for us freedom loving people
@@therealcool1144 you're very uneducated about the market. BTCUSD, BTCAUD etc already exist. Last week 3 bitcoin based ETFs were released and that's a first.
@@brucey39 that's why investment into Bitcoin, Ethereum, cardano and others are important. People need to know they have options and your vote count.
@@h.c4898 that's like gold tied to a currency. I'm not uneducated, I'm just saying, bitcoin is not a currency, it's an investment vehicle and people treat it as such. They don't treat it as a currency, plus it has basic problems that prevents it from being a currency. And how would decentralization be better than a centralized one?
Success is about focusing Your energy on what creates results and using what you already know
I pray whoever reads this should become successful. keep l for success. the rich stay rich by spending like the poor and investing why the poor stay poor and be spending like the rich yet not investing. Roar! Invest earn and be successful.
Assets that can make you rich!
I.Crypto
2.Stocks
3.Shores
Hello I'm new to bitcoin trade and i have made few loses storing BTC, but recently i see a lot of people earning from it, can someone please give me a new strategy on how to earn
Bitcoin should be transparent and it isn't as easy as people thinks It is, there are so many strategies to be learnt and unfolded about Bitcoin trading
I agree with you man
How does this whole Bitcoin stuff work. I'm interested in it. And willing to invest heavily in it. But I need guidance so I don't loose out.
I'm new to trading and my presumption is that I'll be needing an expert to guild one through. But I'm a bit curlous about getting one
You don't need any one to teach you on how to invest your coins. You can make research on your own and start doing it yourself
Central banks: why should we go the extra mile printing all these banknotes just enter 20 billion, hit enter, ready.
They already do this. When you ask wells Fargo for a mortgage loan they just tell the federal reserve to credit the wells Fargo account the amount of the loan and bam! 97% of all money gets created this way
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When you have 20 billion and you will die where did your digital money goes?
Banknotes are only a small fraction of the total currency in circulation. But yea, digital currency issued by a central bank is a recipe for tyranny.
This is just giving world bank an excuse to chip us and spend us as cattle and the product...
We are already serialized.
Patent 060606...
They stupid I I’d rather pay with cash because it actually gives me more control than giving the stupid banks my information
Search "xrp" and read all the stupid people on there. They think that they are gonna be very rich but negative interest rates will eat up their digital money.
If up till now you don't have a crypto currency investment, then you are missing.
I know little about crypto currency. Please how can I make profit from it?
cryptocurrency have been making millionaires, although people are still having losses due to lack of experience, that is why it is advisable to allow a professional handle your trade. I recommend "Maria Martinez", she is trustworthy.
When i started my first trade with Ms Maria, i was scared of scam, but i am glad today that i made that decision of trading with her. Her profit is so unimaginable.
I have been having losses on my trading, please someone should put me to this Ms Maria's investment.
She must be a very sincere person to have many people talking about her investment this way, how do I reach her?
Thanks to China’s demonstration of unlimited government control associated with CBDC, I think the project is pretty much dead on arrival in many western countries.
Why that's a feature our politicians universally love, more power.
@@tubekrake yeah, I actually think that's why govts like the idea
@@tubekrake i think, what Bohoa Zhao is trying to say is that the people wont adopt it just as much, because they will be under complete surveilance/control of the Government
A majority of people will choose convenience and government backing over privacy and long term government overreach. We're eff'd, basically. China's model is every government's dream... A compliant population. If you were government, you would do the same. And our psychology will allow it to happen. Slow boiled frogs.
On the contrary mate, many governments would want that happening in their countries. Its bad for liberty and freedom of the people yes, but its good for those who wish to be in control. Who wouldnt want total control? Its human nature.
I appreciated how they gave Bitcoin a fair shake in the beginning by acknowledging how it's value proposition undermines the entire global financial system as we know it. Anyone who really gets it though, isn't interested in "trusting a central bank". I'll take my borderless, decentralized currency, thank you. Store of value is best left trustless.
My country's central bank banned cryptocurrencies because nobody depends on the banks anymore 😂
What country?
Where do we get in line for the beheadings?
Watching this video when bitcoin is valued 54,000 meanwhile I have no regret, already knew and had made investment on it
Bitcoin is the most profitable online investment I've ever seen, I made 200k in a short while making a 50k investment
Binary trading is real and still changing life's of millions. I only wish I found out earlier
Bitcoin mining was like stories to me because I was so scared to start, I made a policy that change my life when I said I was gonna invest but I won't invest what I can't lose.
Strated with 2.5k and that was it, I began to understand it more and more.
My lessons: I was not understanding until I actually felt what the experience was like.
In countries where bitcoin is legal, It marvels me how we still have people that would stay on cheap salary jobs instead of investing in bitcoin. It's really a shame
I really wanted in on bitcoin but often scared of unprofessional mining site
I'm not sure if these wealthy old banksters really understand cryptocurrencies or not! People are running away from banks because of privacy and control. If you make digital currency what you really doing is switching from fiat paper to fiat digital. Viva bitcoin!
They do, they were the first to write papers on this although Satoshi was the first to make a well known applicable use case they have been tinkering with the idea and different versions for quite a long time. You can look up research articles on cryptocurrencies from Central Banks.
btc has no privacy
@@MMABeijing how?
@@ramiyahya3161 t is in the DNA of bitcoin blockchain to store all the wallets your currents satoshis you have have travelled from the first genesis block to your hand. Government could also dvp a payment network where KYC is required (where any wallet should be linked with official ID), and make any btc tx outside that network illegal or criminal.any btc that has sat on an exchange at any time is automatically linked with the ID of the user. Bitcoin could usher in a tyrannical world, but hey as an asset it is interesting and lucrative.
@Thomas Hellberg even better
This has been the plan all along. It’s called predictive programming. Crypto currencies have been purposefully introduced to make us comfortable with it as the central banks go completely digital
bingo, i was trying to word it right and you nailed it good job, this is the best way to describe society as a whole weve been molded to a digitized society.
When "such" people say "we do it to make your life easier", think twice.
*I'm 51 years old with no retirement plan yet,any suggestions on accumulating a million dollar portfolio within 12-18 months? I have currently saved a capital of $225k*
Starting early is the best way of getting ahead to build wealth,investing remains the priority. Forex trading has plenty of opportunities to earn a decent payout,with the right skills and proper understanding of how the market works
I totally agree with you,Forex trading is the most profitable venture I ever invested in,I reached my goal of $500k yearly trade earnings, setting realistic goals is an essential part of trading
But successful people don't become that way over night,what most people see is a glance wealth,a great career,purpose is the result of hard work and hustle over time
Talking about being successful! I know am blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Blossom Jefferson
As a single mom I now make $50,000 monthly all thanks to expert Mrs Blossom Jefferson
US Constitution: Article 1, Section 10: "No State shall...make any Thing but gold and silver Coin a Tender in Payment of Debts;.."
@@Gsscvgggfdertfffhhjiuytdsss It's private property, it ain't going anywhere.
@Thomas Hellberg Do you see any?
@Thomas Hellberg I see a pathetic 8yr old.
@Thomas Hellberg Is that all you got baby face.Bwhahahahahha. If you're an FBI gay...BANG, BANG BANG
@Thomas Hellberg But I see DEAD FBI AGENTS.
“Legal or regulatory safeguards”
Yup that FDIC didn’t mean squat in 2008 when banks couldn’t endure bank runs.
Mr Barry silbert is legit and his method works like magic I keep on earning every single week with his new strategy
Wow I' m just shock someone mentioned expert Mr Barry silbert I thought I' m the only one trading with him
He helped me recover what I lost trying to trade my self
Yes I'm also a living testimony of expert Mr Barry silbert
Mr Barry silbert has changed my financial status for the best.all thanks to my aunty who introduced me to him
Seeking for his contact details👇
CBDC= the exact same system but digitized.
In addition: the ability to freeze your accounts if you don’t play nice with others within society.
Not in a democracy.
@@n3gi_ loll. Right.
@@n3gi_ hahahaha
@@n3gi_ Because we didn’t just watch a staggering number of small businesses be forced into bankruptcy while all the big corporations remained open during a “pandemic”. 🙄
*I agree with the convenience but it's a NO NO imagine the government and fraudsters can freeze and stole your account in a snap*
Banks are scared? Definitely is a good sign
Now they want part of the pie.
Successful people don't become that way overnight. what most people see at a glace wealth, a great carrier, purpose is the result of hard work and hustle over time. I pray that
anyone who reads this will be successful in life.🤲🙏
I've tried😪trading, selling covered calls, buying calls, selling short, etc. I sold 50k in options last year, and I'm negative about 2k net on those
trades. My best, most reliable option going forward is to DCA index mutual funds within qualified retirement accounts. ROTH, IRA, 401k,SEP, alongside some bluechips and few coins and am still getting lose😑 i don't know what to do now🙃
The idea is to buy low and sell high. Buying low, however, is only half the battle; you must also know when to sell that all what I have to say 🤷♀️
New change not always good, physical money is important to preserve, digitalization is suitable for the ease of transaction only.
cbdc = mark of the beast
yeah tell the ppl from Venezuela that, whoo are folding paper cranes out of their currency
Whats the difference to swiping your card or bank transfer... why the need to introduce this? We alreay have online payment systems
@@thangchanh2932 They're in trouble then.
The fed had invented a printer that goes burrrrr.
Two words:
Great Reset
Woke
You know you should be worried when they only tell you how awesome it is, and as I lived in china for several years, I can tell you for certain social credits ARE a real thing. Titanic was suppose to be unsinkable !
Some people are aware, but the powers that be don't want the general public to wake up.
Forget US Dollar.
Lets use Doge
Explain that to your income tax officer
@@gabbar51ngh ask him to watch my channel and learn.
What's difference? Dogecoin doesn't have a limit in coins, can still be deflated.
@@mannyk1986 even ethereum doesn't have fixed coins.
The rules of fiat doesn't apply to crypto
@@MillionaireTrader Bitcoin does. The fixed quantity is the major attractive point.
Crypto currency investment is here to stay if you can't see that at this point its time you leant more about it
LOL..That's why they sell "bitcoin" with money hahaha if it was so great why would they even sell it?? It is a copy of gold, and owned and made up by China
Crypto currency (bitcoin) trade is just like that any other business, but in this case more sophisticated and advanced. When you invest your money goes through the market and is used for trade, only a professional know how to trade with these currencies with yrs of experience and software available.
@@michaeldubie3555 Invested both in stocks and crypto but currently crypto especially bitcoin is doing better and proven to be the future.
You can say that again my dear friend
I'll like you to know that bitcoin is a digital gold-it is harder stronger, faster and smarter than any money that has preceded it. Invest in it now to save your financial future...
Central banks alrady have digital currencies:
That is your bank account.
Exactly, the number u see in ur bank account is technically a centralized digital currency because the cash equivalent doesn't exist. It is just a number on ur computer screen. 🌝
ruclips.net/video/U-MPpgCCglc/видео.html
It's not the same. What you see in your online bank space is paper money. When you send dollars to a friend in France which use EURO the bank is gonna go through the exchange and turn it into EURO you pay for the transaction. Crypto erase this system.
@@danimoosakhan Actually, your bank account is less than BitCoin.
Because the money on your account is just numbers, but they don't exist. Bitcoin does exist.
Actually, your bank account is less than Bitcoin.
Because the money on your account is just numbers, but they don't exist. Bitcoin does exist.
Having the Government having control of my money and how and what I spend it is very scary! 🤬👎😤
silly statement the governemnt already controls the money supply, its creation, and its spending.
They want control over all of the transactions you make. If they don’t like you then you have $0. If you do as you’re told then you get to use your money
Sounds a lot like Communism
TO CONTROL YOU EVEN MORE !!!
Successful people don't become that way overnight. What most people see at a glance-wealth, a great career, purpose-is the result of hard work and hustle over time. I pray that anyone who reads this will be successful in life..
You are right sir
Most people don't invest due to ignorance.
@Julia Morgan wow, you know him too?
I even thought I'm the only one he has helped walk through the fears and falls of forex trading.
My first investment with Expert Mr pomah gave me profit of over $24,000 U.S dollar
Thanks for the video
Sometimes you wonder how people get rich a these days
But people don't believe it's true because of the high rates of scams in the business.
Yes but people don't ask before investing on FX/Bitcoin, Expert Mrs Emily Fx success story is everywhere on RUclips you can trade with her.
Yes that's true
That's true, everyone knows that she's the best so you guys should try her and come with your testimony okay?
One of the primary reasons central banks want to get into the digital currencies scheme is so that they can enact negative interest rates. As described by one person in this segment, you can't enact negative interest rates within the current baking system effectively because account holders will simply withdraw their currency to protect it from the negative rates. With a digital currency you don't have that problem. If people don't spend their currency as the banks want, they will take it from you in the form of negative rates. You'll have nothing and be happy. Meanwhile smart folks will move into the physical metals (gold and silver) to protect their wealth. Even central banks know this and keeps large reserves of Gold.
cbdc = mark of the beast
Yup that’s why we have already bought gold with our entire savings! 👍
You do know, that Gold, was outlawed before????????
@@Piggy648 i can be confiscated,like happen before
This is hilarious...one of the greatest advantage in Crypto is decentralisation😂
Yea, and we will rue the day we lose regulation of money. Someone else will manipulate it.
I was thinking the exact same thing when it was mentioned cb is gonna utilize blockchain to maintain cbdc.. 🤔
And yet the majority of crypto miners are state controlled by the Chinese Communist Party. The massive amounts of subsidized electricity BTC wastes are all government controlled.
Decentralization is a myth.
The People: We hate how you guys are printing money like crazy, have all our private information and control if and when we can use our money.
The Bank: so you want a DIGITAL money printer to go brrrrr... got it!
I have made quite a stride investing on my own but I am aware of the benefits of consulting with a professional but haven't found one yet
emeagi felicia . I found her on a CNBC market interview, so I looked her up and we begun our awesome partnership.
emeagi felicia a think I'm grabbing this opportunity, can I reach your financial advisor?
emeagi felicia .You can connect with her on F B
Her F B username
Stacy griffin kartner
This video misses the point of why cryptocurrency was invented in the first place....Removing intermediary and central banks. This tells me how much they don't understand.
How much CNBC don't understand either. This is boomer news channel
cryptocurrency is a type of digital currency, in the context of this documentary, digital currency is being developed by a centralised entities such as central banks. both types could coexist having their pros and cons
Bitcoin is b*llsh*t speculation. If you simply wanted to remove banks from the equation then China has done so with WeChat etc. already. Difference is WeChat doesnt present itself as some bullsh*t value over time "investment" that has historically shed its value enormously in just a few damn hours.
@@RedRanchu This is the reason why I said people don't really get it. First, I agree with you that Bitcoin is speculative. Nothing fundamentally has changed since Bitcoin was invented...similar to the dot.com bubble. However, I am very much interested in the technology behind it (DLT). It's not about removing the banks. It's about removing the intermediary including the banks...key word (Decentralization). No one controls Bitcoin network. WeChat, on the another hand, does. It's a company like Facebook and Amazon. This means that it can be controlled, manipulated, and exploited by a single entity. Think of Bitcoin as Netscape web browser in the 1990s.
Or maybe they (the banks) do understand, and they just don't like the idea of a world in which their position as a defacto middleman in every larger financial transaction, wasn't guaranteed?
We dont want the government to know how we spend our earned money #Bitcon
Or Ethereum. Power back to the people.
Google already has that privilege
@@markwalker8374 wat u mean google , every thing in this planet never last for ever 😉 not even google . Only the pyramids in Africa 😋
Because digitalizing currency just makes the rich richer....
also control...
No, they became richer because thats the money works,,
if you have discipline in your life when you're poor,.? you became rich someday, if you maintain that discipline? ur money will earn money, that u can't consume its earnings just by ur self
@@vonilao2209 yes just keep working your job that is below cost of living, saving every penny and in 40 years you will become a millionaire. Because THAT is how it works...
@@controlledchaos5294
i don't say im working hard to make money,
i just said: what i mean for that is - the money i have now should earn money, it should be compounded (that's why we should have a discipline)
what u known in life is to have a good job to make money? and u blame the rich because u dont have a good job 😂😂😂😂❤️❤️ u work until u die in that way of thinking
@@vonilao2209 i realized that you live in a third rate country. You can't even grasp the english language. Learn how to speak.
@@controlledchaos5294
why should i care
Investing in crypto now is very cool especially with the current rise in the market now
Thanks for introducing me to Mrs Allen
Making them to remain poor out Of ignorance
There are scammers but there are real brokers waiting for investors out there
My first investment with Mrs Allen Lisa gave me profit of over $24,000 Us dollars and even since then she has never failed to deliver and I can even say she's the most sincere broker I have known
Who's this professional everyone is talking about I always see her post on top comment on every RUclips videos I watched
Investing in bitcoin is the best investment anyone can do this season, because it changes numerous of people lifes
Definitely You're correct..
Crypto is the fortune
Investing in crypto currency is the best investment ever
Majority of people don't invest due to lack of ignorance
Yes, people are really making a lot of money from it as well
Keyword : TRUST !
We don’t need banks, they will be left to fetch for them selves. We decide on what currency we use not the bank. Because the bank without us is worth nothing.
Where are you going to get loans?
Haha, man that is such an ignorant statement.
Bank is not for giving you access to money, it is for assuring your trade partner that you do not run away without fulfilling your payments.
@@hofniamwaalwa3724 From people with excess money? Much like loans functioned for centuries before modern banks were given authority to create money?
@@jayanthpremachandran5571 Which they sometimes manage, and sometimes they're just giving out dubious loans, and thus go bankrupt and leave people, some of whom didn't even take out any loans themselves, high and dry.
The trust product you insinuate banks are so good at providing might just as well be provided by much more transparent and reliable smart contracts.
hahaha you clearly didn't understand anything. Yes you need banks
This is putting TOO MUCH power in hands of government. Will leave us VERY vulnerable
investing in crypto now is really cool especially with the current rise in the market for now.......
Yes you're right
but don't know why people still remains poor out of ignorance
@@yosoy2480
Is not about ignorance but unprofessional broker in the market
@@yosoy2480
I will introduce you to my broker Mr Slogan Harris he is from USA and her method working for me at the moment
wow I'm just shock someone mentioned and recommended expert Mr Slogan Harris
Neo: What truth?
"Morpheus: That you are a slave, Neo. Like everyone else you were born into bondage. Into a prison that you cannot taste or see or touch. A prison for your mind.”
This video is superb.Trading bitcoin requires adequate tutelage from an expert. Mrs Juliana has helped me attain really high level of financial freedom from using her as my broker.She’s reliable and trustworthy
Making investments in Cryptocurrency is what everyone ought to be doing. It yields massive profits all depending on your broker.
How do I get in touch with your broker. I’m new to this.
Wow it’s nice seeing someone else recommend Mrs Juliana here.She’s really a pro in Cryptocurrency stuffs.
So how do i reach Mrs Juliana please?
Mrs Juliana has been of great help to me and my family. We were able to recover from great losses from the profits we made while allowing her to trade with our funds.
Hello guys I have been watching some video and I was thinking about investing in bitcoin/forex but still don't know where to start from.
It's been four mouths now I started investing with her and it's been a delightful experience
My first investment with expert Mrs Rose gave me a profits of $15,000 and ever since then she has been most reliable and sincere broker i know
Rather get an expert to trade with, giving you the required mentorship for a successful profit outcome...piss of advice