Comments by "J" (@user-dy2qq5wh4b) on "Western Governments are Raising Taxes #NomadDad" video.

  1. They're going to use distributed ledger technology, everything blockchain/ digital/ crypto. Then the global flat tax that Yellen is proposing will be built into the blockchain smart contract. This is part of the Great Reset/ New Bretton woods moment the WEF & IMF are talking about.
    2
  2. The federal reserve is having opened a 60 day comment period for new regulations. They intend to open the fed to smaller banks. As of now the smaller banks have to go through a larger bank to reach the fed now the fed is positioning for more of an open platform. If these regulations pass the smaller institutions have a direct line with the fed. That means the monopoly that the too big have to fail is being broken. How will the do this in a secure manner? With blockchain based platform. We have heard a lot from ripple about private ledgers and central bank digital currencies recently. In this interview that was filmed over a month ago David was describing a scenario that now the Fed is positioning for. Is this just a coincidence? How does ripple have such vivid insight to the fed’s needs. The private ledger solution David is presenting sounds like a perfect match for the payment proposal that the fed has opened for a comment period. They’re not in a rush, they have the same problem like the ECB with the commercial banks. The commercial banks and the banking dynasties are doing everything in their power to keep the monopoly going but there is a problem the debt…. The system will fail if they continue fractional reserve lending. For every 10 dollars the commercial banks they can lend 100. The fed with digital currencies hopefully built on the XRPL will be able to control monetary policy with surgical precision. Inflation, deflation, velocity everything will be in there power. When the fed prints money, it goes right to the commercial banks and they buy assets with that money. The real economy is suffering while our stock market is at record highs. If the fed had a direct line to the small banks, they would be able to stimulate the real economy with a fraction of the debt or inflation. Money is debt a liability with the central banks while digital currencies will be credits. We are witnessing a reset. The global banking system is going to change. The confidence in the dollar is being lost due to the debt with digital currencies and a fundamental shift in the system. The debt can be lowered and the central banks can gain more control. The Fed is changing the rules and it’s favorable for digital assets. Crypto has been in a boom bust cycle since its inception. Boom Bust cycles happens technologies that fundamentally change the world. Like the railroad bubble. We have all seen the connections between Goldman sachs and the SEC. The commercial banks are doing whatever they can to stall this paradigm shift. The fed has been fantastic because they realize the system needs to evolve to protect the dollar and the global economy. Ripplenet and XRP bypass the traditional correspondent banking model. How will the FED open their lines to the smaller institutions? The tulip bubble was one bubble and when it popped it was over. Crypto has bubble after bubble this happens with things that change the world. The rail road bubble the dot com bubble the difference is crypto lives on the internet happens at the speed of the internet
    2