Reaction to the IMF post

Isn't it funny how the same Institution a couple of years back has trashed the whole Cryptocurrency Space saying that it is the biggest scam on the World and now they are coming out from the woodworks trying to explain and convince everybody how wonderful these currencies are or can be?

You don't have to be an expert to see that this was a part of a long term agenda. They want to steer the population towards a digital-cashless Society for several reasons.:

-When you can no longer use cash as a means of exchange you lose all your Financial Privacy. Cash transactions are the most private transaction because they occur in-between two individuals using no intermediaries, therefore, Financial Institutions can not charge their transaction fees and Governments can not charge Taxes on them.

-All transactions made by using Digital Currencies can and will be Tracked, Traced and Taxed.

In the World of Negative Interest Rates, it's only a question of time before Banks will start to pass down the costs of these rates to their Depositors (you and me and everybody who holds a bank account).

The logical step to take to circumvent the effects of these negative rates would be to pull your money out from the Banks and stash it under your pillow. They can not let that to happen, because it would escalate to a Bank run and since Banks don't have enough cash to cover all the deposits (thanks to Fractional Reserve Lending Policies) they would quickly run out of cash so they would have to limit, or entirely deny access to deposited funds, but this would probably ignite the biggest Social Upheaval we have ever seen so far.

And that's exactly why they are going to promote the hell out of CryptoCurrencies moving forward, especially when it comes to Stable Coins.

The Sheeple-People will jump on it like there is no tomorrow coz they are going to convince them how easy and convenient it is to use these currencies. Once everybody is on board they are going to make the switch and we can kiss goodbye to Cash and the Financial Freedom what Cash represents. From that point onwards Banks will be able to charge Negative Rates on the deposits coz we will have no place to hide.

The Authoritarian Governments will also like the idea of Digital Currencies because they will be able to implement their draconian policies no matter what by limiting the access to Money and Financial Services on an Individual level if they feel you have disobeyed one of their fucked up rules.

Welcome to the Brave New (Digital) World.

#BLOCKCHAIN #CRYPTO #CRYPTOCURRENCY #TECHNOLOGY #NEWS