22 March, 12:35
Next topic.
Fall of the Petrodollar.
Leads to>
Redemption period. (70% of cash overseas)
Leads to>
Rise of the US Dollar. (Deflation)
What doesn't kill you makes you stronger.
Fall of the Petrodollar.
Leads to>
Redemption period. (70% of cash overseas)
Leads to>
Rise of the US Dollar. (Deflation)
What doesn't kill you makes you stronger.
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17Commentary 17C
@17Commentary
22 March, 02:10
In response Vincent Kennedy⍟ to his Publication
more stimmy to come? people with wheelbarrows of cash, except this time, it’s actually worth something?
i know in the past you said change of system forces disclosure of hidden $.
death of petrodollar means are currency is no longer dependent on oil trade. means we can begin introduction of new forms of energy without disrupting trade / $ strength.
redemption decreases money supply (an effective burn), bringing on deflation. puts people in control. further, encourages and gives need for backing with PM’s or some other tangible asset.
all successful societies have a deflationary currency. not just in terms of decreasing price, but money is a true store of energy and value. work done years ago should still be valued today. and in fact, with technology, it should only be MORE valuable today.
this encourages savers, discourages the need to wildly speculate since interest rates rise and lending / saving generated a low risk high yield return.
i know in the past you said change of system forces disclosure of hidden $.
death of petrodollar means are currency is no longer dependent on oil trade. means we can begin introduction of new forms of energy without disrupting trade / $ strength.
redemption decreases money supply (an effective burn), bringing on deflation. puts people in control. further, encourages and gives need for backing with PM’s or some other tangible asset.
all successful societies have a deflationary currency. not just in terms of decreasing price, but money is a true store of energy and value. work done years ago should still be valued today. and in fact, with technology, it should only be MORE valuable today.
this encourages savers, discourages the need to wildly speculate since interest rates rise and lending / saving generated a low risk high yield return.
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22 March, 02:41
In response 17Commentary 17C to his Publication
Well said Patriot.
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17Commentary 17C
@17Commentary
22 March, 03:09
In response Vincent Kennedy⍟ to his Publication
most interesting thing, and I am amazed every day by it, is the role that exists for XRP. a BRIDGE asset between sovereign nations.
the petrodollar was perfect at what it was designed for; to gain leverage over other nations and force them to comply with a system.
Blackmail.
a bridge asset allows each nation to maintain its own currencies/money (commensurate with their laws/constitutions) but trade with other nations without ever seeing that foreign currency.
No counterparty risk.
Instant settlement.
No complex hedging strategy for currency swaps.
No issues of nations run out of $ (e.g. Nigeria https://www.youtube.com/wa... causing default / repayment issues (e.g. Russian 'default' declared for them by the west)
Freedom of nations.
Freedom of the people within them.
End of the Bankers' Wars.
In the meantime, we learn the TRUE meaning of "Give me control of a nation's money supply, and I care not who makes its laws". Never again.
the petrodollar was perfect at what it was designed for; to gain leverage over other nations and force them to comply with a system.
Blackmail.
a bridge asset allows each nation to maintain its own currencies/money (commensurate with their laws/constitutions) but trade with other nations without ever seeing that foreign currency.
No counterparty risk.
Instant settlement.
No complex hedging strategy for currency swaps.
No issues of nations run out of $ (e.g. Nigeria https://www.youtube.com/wa... causing default / repayment issues (e.g. Russian 'default' declared for them by the west)
Freedom of nations.
Freedom of the people within them.
End of the Bankers' Wars.
In the meantime, we learn the TRUE meaning of "Give me control of a nation's money supply, and I care not who makes its laws". Never again.
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22 March, 03:49
In response 17Commentary 17C to his Publication
That's why they don't want you to own XRP. You become the bank.
It's not guaranteed that XRP will be the winner but I like the odds. If you listen close you can see what is going on.
It's not guaranteed that XRP will be the winner but I like the odds. If you listen close you can see what is going on.
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nothing is ever guaranteed. but my gut and everything I’ve seen tell me it is the way. i’ve been wrong before, and I will be again, but I cannot see how the answer could be anything other than XRP, particularly with the ongoing play which is the lawsuit.
while i have 0 expectation of ever actually transacting in XRP (a cup of coffi see the value of ODL and ILP and how they were always meant for bank to bank interaction, not for you and i. IMO the lawsuit and XRP’s availability in the open market is [their] way of ‘showing’ us. same way they have to under their belief system. ‘well the common man HAD a chance to get in’
before it happens, i know they will try to shake us out. whether thats price down or price to $6 and some people are content with that, [they] don’t want us breaking free.
nothing else can do what XRP does, either in speed, volume, low cost to transact, and guaranteed transaction completion, even when offline.
respecting patents is important :)
while i have 0 expectation of ever actually transacting in XRP (a cup of coffi see the value of ODL and ILP and how they were always meant for bank to bank interaction, not for you and i. IMO the lawsuit and XRP’s availability in the open market is [their] way of ‘showing’ us. same way they have to under their belief system. ‘well the common man HAD a chance to get in’
before it happens, i know they will try to shake us out. whether thats price down or price to $6 and some people are content with that, [they] don’t want us breaking free.
nothing else can do what XRP does, either in speed, volume, low cost to transact, and guaranteed transaction completion, even when offline.
respecting patents is important :)
04:01 PM - Mar 22, 2022
In response Vincent Kennedy⍟ to his Publication
Only people mentioned by 17Commentary in this post can reply
