“FEDcoin”

th2deo0xim

Daily Prompt

Resist

Write a new post in response to today’s one-word prompt

The WordPress prompt word for today is Resist. People have always been very sensitive when it comes to change, you might say it is bred into us, it is natural to resist change. When it comes to mandatory changes to our lifestyles by the government, RED lights start flashing. Especially when it comes to changing how we manage our own assets and currency. We take that to be a personal choice, not federally mandated like a seat belt law.

I just watched a video by a man named Doug Casey, he has been very accurate on many predictions throughout his life. One of his latest predictions was that Donald J Trump would be elected the president of United States.

Doug Casey is now talking about the United States Federal Reserve completely changing the monetary system of the United States. According to Casey, their plan is to develop something new, possibly a digital system. No need for banks anymore, since there is no money in them anyhow, just loan transactions, mortgages, etc.. “The U.S. dollar is in jeopardy. A dangerous new  currency could be introduced in the next 6 months. It is being called “Fedcoin” at this point.

It is no surprise, this will begin a whole new World Wide monetary system, easier to manage the workers with and control their purchases. Older people who don’t use computers or cellular phones, will no doubt present a problem until they die off. This is a link to Doug Casey research.

 

I think this “Fedcoin idea” should not only be resisted but totally and completely rejected!

Credit Card Statistics
“American Credit Card Debt Statistics & Key Findings – Updated May 2016”
“Average American Household Debt: $5,700. Average for balance-carrying households: $16,048”
“Total Outstanding U.S. Consumer Debt: $3.4 trillion. Total revolving debt: $929 billion
38.1% of all households carry some sort of credit card debt.”
“Households with the lowest net worth (zero or negative) hold an average of $10,308 in credit –card-debt .”

( The largest banks got filthy rich, 61.1% of all households get robbed for living with a budget, doing the right thing?)

https://lghoelson.wordpress.com/

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One thought on ““FEDcoin”

  1. There has been something similar over the past couple of years called a bitcoin — it has not been widely used, and seems to have died back somewhat. I certainly hope that this new process doesn’t take hold, at least not without considerable development of security and ‘best practices.’

    Like

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