Some conspiratorial speculation on how this may tie into the coming one-world currency:
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I also wrote a blog a couple months ago about the coming one-world currency:
https://steemit.com/money/@anonymint/get-ready-for-a-world-currencyArmstrong continued to make similar arguments to his
recent public blogs which I had refuted:
The number one problem with cryptocurrencies is the idea that they can be the alternative to government. Yet you will still have to sell them at some point to pay your taxes, rent, and to buy food. Moreover, the government is not about to lay down and surrender to the world of cryptocurrency and just let people avoid taxation. That is NEVER going to happen. So we have to look at this issue no different than anything else because we are dealing with a governmental power.
Armstrong does not seem to understand that public distributed ledgers are the best tax tracking devices every designed. Theyre a gift to the governments, which is why governments even such as Russia are embracing them:
By taxing crypto-rubles at the capital gains rate for those that cannot provide a paper-trail of ownership, Russia and Putin are incentivizing the development of low-cost crypto-payment systems to exchange rubles for goods only in cryptocurrencies that also track ownership, like Ethereum and others that have transparent blockchain histories.
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The crypto-ruble provides the means by which to convert, transaction-cost-free, back into the national fiat currency to pay bills, taxes and the like. This is in direct opposition to how the U.S., for example, treats cryptocurrencies.
The 2014 I.R.S. rule that classified Bitcoin as property means that every Bitcoin transaction, no matter how minor, creates a potential capital gains event. It means that buying a cup of coffee at Starbucks in Bitcoin is taxable for both the person buying the coffee (capital gains on the sale) and Starbucks when they go to sell those Bitcoins, buy dollars and pay salaries, order supplies, etc.
Its why the capital that has moved into cryptocurrencies isnt moving back out. Its why the ICO market has exploded. Billions in profits actively looking for new investment opportunities without paying taxes.
Its also the main reason why Amazon, for example, doesnt take Bitcoin. Who wants that hassle?
Can you imagine Amazons Schedule D if it accepted Bitcoin?
The crypto-rubles structure dispenses with that for those that can prove ownership via the blockchain. Bitcoin allows for transaction transparency, so does Ethereum, Litecoin and many others.
Armstrong seems to address Russias creation of a cryptocurrency:
Central banks around the world are now very seriously looking into creating Cryptocurrencies. After all, the vast amount of the economy transactions are electronic to begin with. The existence of cash in physical form is what they are trying to eliminate to force everyone on the grid in order to increase tax collection. There is no question that we will be looking at this as the next evolutionary step forward in the monetary system. The problem people do not grasp is that government can easily outlaw private cryptocurrencies and declare it as money laundering that avoids taxes. They will be 25 years in prison and the first person they prosecute will be held up as an example to scare the life out of everyone else.
But the mistake I believe Armstrong is making, which was explained my Steemit blog about the coming one-world currency, is that nation-states and even groupings of them (e.g. G5) cant agree on anything and thus they will each end up with their own attempt to create a cryptocurrency none of which can be the globally accepted one.
Thus I posit the free market will possibly anoint Bitcoin because its the only one that is not controlled by any one nation. And the nations will acquiesce to Bitcoin as the king eventually, because of course they want to eliminate cash.
This brings me back once again to my theory that Bitcoin was created by the Zionists to drive the nation-states into submission to a global currency which no nation can control and which ends cash. And which in the end game, the Zionists entirely control per the flaws in proof-of-work as the transaction fees become great and the protocol block reward (i.e. the inflation due to debasement) diminishes as I had explained in previous posts.
I believe the Zionists are employing their institutions (which are also decoys) to bring this to fruition:
Make no mistake about it; the IMF has been at the heart of hunting down the underground economy. The IMF took the lead in threatening tax havens to give up all people hiding money or suffer the same fate as Iran expulsion from the SWIFT transfer system. That would mean no money in or out. The IMF even threatened the Vatican that if it did not report all money movements, then it too would be sanctioned and removed from the SWIFT system.
The IMF has been at the forefront of shutting down the world underground economy so that tax collection can be effective. We even find that the International Monetary Fund in Washington published a Working Paper on de-cashing the economies of the world and what the implications would be.
This IMF Working Paper stands as a clear warning of the future direction of the world economy. The IMF has been providing advice to governments who want to join in the latest authoritarian maneuver abolishing cash to eliminate the underground economy.
The IMF recommends in its conclusion to this paper that although some countries most likely will de-cash in a few years, going completely cashless should be phased in steps.
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Armstrong wrote about how the IMF SDRs are unlikely to become the one-world reserve currency because it requires that people are willing to buy the bonds and issue loans in that unit-of-account.
Thus the only way to bring about a one-world reserve currency is what I pointed out in my blog. There must be a popular catalyst that is outside the control of the nation-states, thus cryptocurrency is that likely catalyst either directly or as a threat to the nation-states that causes them to acquiesce to the SDRs.
Don't care, you are delusional
I am not sure about anything w.r.t. to the world view. But I can not refute the PhD & scholars compelling evidence that Mossad did 9/11 and the corruption in WW2 to create the Zionist state. Doesnt mean I believe in UFOs, reptilians, and other disinformation from non-scholars.
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People believe what they want to believe. Sheep like to ignore opportunities to separate from the herd and prefer to feel safe in the herd even when they are being harvested.
I have vacillated over the past 16 years on the global elite conspiracy theme. I became burned out on it for several years and was tired of listening to nutcases rail on and on about chemtrails, reptilians, etc.. But then recently I decided to watch
some videos produced by PhDs and scholars about the evidence and arguments that Mossad did 9/11. And frankly, I can not refute that very compelling exposition.
Do you really believe that 9/11 was done by some Arabs who could not fly airplanes well in flight school who boarded the planes with box cutters (yet our government refuses to release the full length of the surveillance videos same as in the recent Las Vegas massacre). What is your explanation of this event
(other than to just ignore it and focus on the ass of the sheep in front of you)?
I have an inquisitive mind.
I am interested in understanding the Zionists as it may pertain to what type of monetary systems, laws, and regulations we are headed into, so that my altcoin project has taken this into account as much as possible. Its actually a very responsible action I am undertaking.