No, Jim Willie, the next world money will NOT be gold backed.

[ThePythonicCow]

Posted by jonsnow (here)
Electronic money is the way the powers that be are going this is to stop bank runs and to collect every cent in taxes ( well they are broke )

My guess is that it will be in the opposite order - that some bank runs and other such financial, monetary and economic catastrophes will be used to get humanity to endorse the new monetary system, will then lead to money that is fundamentally more electronic, using block chain technology and world-wide, omni-present, digital communications, computation and shared data "in the cloud" to replace the current semi-automated variant of classical double entry bookkeeping.

That is, bank runs will come before, not just after, electronic money .

[WEAREONE]

Moderator Paul, Hello was wondering your thoughts on who created BITCOIN? Some have speculated the anon/pseudo inventor Satoshi Nakamoto is likely CIA,NSA, etc etc...just wondering your thoughts on that theory. thx in advance for your response

[ThePythonicCow]

Posted by WEAREONE (here)
Moderator Paul, Hello was wondering your thoughts on who created BITCOIN? Some have speculated the anon/pseudo inventor Satoshi Nakamoto is likely CIA,NSA, etc etc...just wondering your thoughts on that theory. thx in advance for your response

I suspect that bitcoin technology was created by a deep insider, or someone enabled on their behalf, with the objective of getting the creative juices of smart, young programmers, able to think outside the box, to develop further block chain technology, as an eventual replacement for double entry bookkeeping.

A world-wide distributed, online, digital monetary system requires a different technology than the half-millennium old double entry bookkeeping technology that was appropriate for a small number of centralized institutions, handling all substantial transactions in a single centralized location for each such institution, one transaction at a time.

Such a world-wide pervasive digital monetary system requires a more efficient transaction commitment technology than what double entry bookkeeping can provide.

[ThePythonicCow]

Jim Willie has another fine interview, this time with Vinnie Eastwood:

Source: https://youtube.com/watch?v=-E4By6hOdbk

This time, listening to Jim Willie, it was clearer to me that there were two, radically different, ways that this global monetary reset could work out.

Perhaps, as I have been expecting in this thread, the reworking of the world's trade and contracts in gold rather than the US Dollar, is a (rather large) bit of deception, as the real Bastards in Power hold almost all the gold. Perhaps, by this view, this move to gold is primarily an interim step, to take down the Bush/Clinton/Rockefeller/Neocon crime syndicate and to relocate the center of power once again, this time from the east coast of the US, to the east coast of China.

Or, as Jim expects, perhaps the new power base, centered in China and Russia, really does hold in higher value the well being of this planet and of humanity, and perhaps we really are seeing the commencement of a fundamental shift, here on planet earth, to a better world.

I'm skeptical, but I don't know anyway to reliably predict. May I live long enough to be proven very, very wrong.

Jim Willie does have a possible blind spot. He does not, at least publicly, consider the possibility that there is a much deeper and much older layer of Satanic (and/or alien) control, beneath the Bush/Clinton/Rockefeller/Neocon crime syndicate. He seems to think that if we could just eliminate that crime syndicate, then it would be just a matter of various nations and people's, working out their affairs, sometimes under essentially honorable leadership.

As Jim writes in this article, published a few hours ago now:

=======

The solution that will effectively reform the entire financial and economic structures will be imposition and installation of the Gold Standard. ...

Gold puts the Western Elite out of business. The Gold Standard in its steps toward installation will knock the Western banker elite flat on their privileged arses. The Gold Standard will eliminate the free pass for easy money, for zero percent loans to the elites, for big bank welfare, for covering federal deficits, or to enable debt patches. The Gold Standard will turn the current power structure upside down. The Gold Standard will permit a true solution, but not without an enormous and staggering disruption. ...

The entire global system will come alive once Gold is installed, working, and ignited. Fake money will be displaced by Gold & Silver in vital roles.

=======

I am actually more than skeptical. I remain, as I was when I started this thread, convinced that Jim Willie is entirely wrong on this end result, even though I continue to pay close attention to his reporting of present events and forecasts of nearer term events, during the unfolding of the Global Monetary Reset.

[regnak]

Jim Willie is excellent indeed I used to be a member of jackass ( his website ) but he is not always correct some of his predictions have been wrong while I do listen be carefully to trust completely

example
10. 2009 the Zero Rate Policy Forever (ZIRP Forever, no Exit Strategy)
11. early 2009, the Sharp USTreasury Yield Rise due to $1 Trillion USGovt Debt (XXX -- WRONG)
12. 2009 the Repeated USGovt Deficits Chronically over $1 Trillion
13. 2009 the Introduction of the Nordic Euro Currency as German Core Splits (XXX??? -- APPARENTLY WRONG, MAYBE JUST SLOW TO OCCUR)

[ThePythonicCow]

Posted by Paul (here)
In line with the above, on a separate but related topic not worthy of its own thread title, the move to digitize currency using block chain technology is also an important piece of the upcoming monetary system.

It won't be Bitcoin itself. That was a trial balloon, to flesh out the technology. Many hours of fine young coders time have gone into developing variations of blockchain based crypto currency.

Here's further support for my prediction that the upcoming monetary system will make substantial use of blockchain technology, from Ex-Google engineer launches blockchain-based system for banks (Reuters), and reposted at Slashdot.org:

==========

A former Google engineer, whose speech recognition software is used in more than a billion Android smartphones, has launched a company that uses blockchain technology to build a new operating system for banks.

Paul Taylor, a Cambridge University academic with an expertise in artificial intelligence, speech synthesis and machine learning, started working on the system, called Vault OS, two years ago in a basement in London's Shoreditch district, known for being a tech start-up hub.

Blockchain technology has captured the imagination of the financial industry, with advocates saying it has the potential to shake up how markets operate. The technology, which underpins the digital currency bitcoin, creates a shared database in which participants can trace every transaction ever made.

The ledger is tamper-proof and transparent, meaning that transactions can be processed without the need for third-party verification.

"Most of the banks are using systems that were written in the 80s and 90s, and they just are not ready for the security-conscious internet app age at all," Taylor told Reuters. "What the blockchain does is provide a very secure way of storing transactions."

The system also negates the need for costly in-house data centers, as it uses cloud-based systems, which banks can use on a "pay-as-you-go" basis, which means that there is no single point of failure.

Taylor said major high-street banks were spending around a billion pounds ($1.3 billion) a year on computer technology, much of which he said was being used for propping up the current "legacy" systems rather than on any innovative technology.

Blockchain is still a nascent technology and is reckoned to still be five to 10 years away from widespread adoption. Its reputation has suffered somewhat from its association with bitcoin, which has seen several company failures, including Tokyo-based exchange Mt. Gox filing for bankruptcy and leaving investors approximately $500 million in the red.

The start-up has been working with about ten banks, Taylor said, at least one of which would be starting a trial using the new system in August. He expects the system to be up-and-running within about a year.

==========

... starting a trial ... in August ... [trial] up-and-running within about a year ... five to 10 years away from widespread adoption

[naste.de.lumina]

Posted by WEAREONE (here)
Moderator Paul, Hello was wondering your thoughts on who created BITCOIN? Some have speculated the anon/pseudo inventor Satoshi Nakamoto is likely CIA,NSA, etc etc...just wondering your thoughts on that theory. thx in advance for your response

If we pass a vertical line from top to bottom separating the logo into two parts, the stylized letter 'B' looks like the number 13. Hmmm ... 11 x 13



Only speculation.

I think the mind behind the blockchain has exoteric knowledge because it emulates the living organisms that have decentralized information. That is, every cell of the body has all the information (DNA) as a whole. A fractal or DAC (decentralized autonomous Corporation).

[ThePythonicCow]

Posted by naste.de.lumina (here)
I think the mind behind the blockchain has exoteric knowledge because it emulates the living organisms that have decentralized information. That is, every cell of the body has all the information (DNA) as a whole. A fractal or DAC (decentralized autonomous Corporation).

Partially so, but with severe limitations at present.

The current block chain technology, at least as known in crypto-currencies such as Bitcoin, encodes a single, growing, linear list of validated transactions, which is updated in a batch mode perhaps every ten minutes.

Even the dumbest bacteria in your gut is far more advanced in its concurrent processing, continuously updating, of many, many connections and capabilities with its environment.

A ten minute batch update of a single, linear thread of data displays only moderately more intelligence than your average paper clip .