One Word Currency Indtroduced By The banks that control the global currency market

 Hello my name is Maria, and I'm trying to learn how to use steemit's etiquette. To tell you a little bit about myself, I like unconditional love, the truth regardless of consequences, and peace granted only by Christ. I like to read about conspiracy stories, but I also like to read about the markets in general and write about it according to my understanding. I first learned about the new one world order in the Bible when I was a child, but technology wasn't there to back it up. In any event, fiction or truth you be the judge of it. Thank you. Peace. 

The truth is stranger than fiction, but  2016 the year that one world currency will be announced. How is this possible you may ask, the news is mute about it? May I submit to you the main story to the mayor event: USB, Deutsche Bank and BNY partnered up to create a new digital currency to facilitate intra banks settlements, the FT reports.  “Cryptocurrency” will use block chain technology underpinning the bitcoin.

But what is the difference between any other bitcoin startup- there seen to had been many. Because these banks control the global currency market, also know aka "the cartel" according to court records.

 Checkout some of the stories leading up into this climatic moment: Big Banks Band Together to Launch ‘Settlement Coin’ – CoinDesk UBS Sheds New Light on Blockchain Experimentation Settlement Coin Creators Seek to ‘Liberalize’ Central Banks With Blockchain – CoinDesk 8 Banking Giants Embracing Bitcoin and Blockchain Tech ‘Central banks looking at Bitcoin as real threat to dominance’ — RT Op-Edge So why does any of this matter?  Central Banking policy has run the global economy into the ground.  Central Banks OWN $25 Trillion of Financial Assets. $13 Trillion worth of Government Bonds in the world have NEGATIVE YIELDS.  The financial system as it is now, is on the path for implosion.  Settlement Coin apparently is targeting ‘back office settlement’ to reduce costs which are about $80 Billion per year.  But why then does RT compare it with SDRs: 

If implemented, the new cryptocurrency would be the first to be  used officially between major financial institutions. The concept  resembles the IMF’s Special Drawing Right (SDR), introduced in 1964.  Based on a basket of currencies (the US dollar, euro, the Japanese yen,  pound sterling and the soon to be joined Chinese yuan this October), it  is used to supplement the IMF’s member countries’ official reserve. As  of March 2016, 204.1 billion SDRs equivalent to about $285 billion had  been created and allocated to countries. 

Has the world gone mad, and people don’t understand the difference  between “Blockchain” and “Bitcoin” and “Cryptocurrency” and “US Dollars”  ?  We have to note here, RT needs to hire some “Forex Experts” to  consult with their authors on this topic. To clarify, the big banks are working on multiple blockchain  projects, as well – most of them have filed patents for their own crypto  currencies, most notably, Citi:  Citi: Bitcoin is an Opportunity for Banks, Not a Threat – CoinDesk Citibank Is Working On Its Own Digital Currency, Citicoin | TechCrunch 

Citi Research released a 56-page report on  bitcoin saying that it is not going to disrupt banks or credit card  networks. It says there will be increased transaction costs for bitcoin  to provide increased volume. As for the use of bitcoin in remittance  payments, it says bitcoin’s advantage dissipates when the “last mile”  cost of converting to fiat currency is considered. The report  notes the growth of bitcoin mobile apps in developing countries but sees  regulations rising that put them in question. It claims existing  payment systems are generally efficient. The report also talks about Ripple and Ethereum as  well as government-backed digital currencies. There is also an  extensive summary of bitcoin’s legal status in different countries. 

Once implemented, these banks have the means to quickly connect this  new cryptocurrency “Settlement Coin” to their existing global network,  as well as adding their own proprietary currencies such as “CitiCoin.” It will take some time before the cryptocurrency is even released,  and still probably years before it’s widely accepted.  What makes this  week’s announcement unique is that, for the first time the banks  publicly announced they are making a new digital ‘crypto currency’ that  isn’t issued by a central bank, that can be implemented by them across  and without borders, which is a perfect fit for a replacement of the US  Dollar and other fiat currencies when they completely run out of QE  steam. But here’s the real clincher, exposing this as a real One World Currency: 

One of those resources is the real-time gross settlement (RTGS) system used by central banks  (it’s typically reserved for high-value transactions that need to be  settled instantly), and the other is central bank-issued cash.  Using the Utility Settlement Coin (USC) unveiled today,  the five-member consortium that has sprung up around the project aims  to help central banks open-up access to these tools to more customers.  If successful, USC has the potential to create entirely new business  models built on instant settling and easy cash transfers.  In interview, Robert Sams, founder of London-based Clearmatics,  said his firm initially worked with UBS to build the network, and that  BNY Mellon, Deutsche Bank, ICAP and Santander are only just the first of  many future members.  “Cash is a leg to almost every  trade,” said Sams, who previously worked for nine years as a derivatives  trader with Sanctum FI, also in London. “In order to get most of the  benefits of a distributed ledger in settlement, there has to be cash on a  distributed ledger rail.”  How transactions might be  processed, and who will own the nodes, has also not been shared. But  what we do know based on a statement from the company is that  Clearmatics described the USC as “a series of cash assets” for  currencies, including US dollars, euros, British pounds and Swiss  francs. 

For those who understand that it’s monetary policy driving the value  of currencies down, not supply and demand, there’s no need to read  between the lines – they spell it all out real simple. For a quick primer for those who don’t know, the Federal Reserve is  the sole issuer of US Currency (not the US Mint, who prints notes and  coins.)  The Federal Reserve is a private institution, owned by the  banks.  It was previously thought that, the idea of a one world currency  was preposterous, because, how would all countries agree on having a  single central bank?  But here’s the workaround – the Forex banks have a  monopoly on the global monetary system.  So by forcing their central  bank partners to use “Settlement Coin” in order to save on hefty  settlement fees (and it will solve the problem of the recent SWIFT hacks as well – part of the plan??? ) A few scenarios here – one, the banks knew that if they didn’t do it,  some new players might do it.  Two, this plan was hatched long ago by  some clandestine CIA op, starting with the release of Bitcoin, leading  into the global one world cryptocurrency, all sponsored by Illuminati.   Three, central banks have legitimate concerns about security (such as  because of recent hacks) and have no real way out of QE, they can’t stop  it and they can’t continue it.  This is a parallel financial system in  which assets can be transferred over to.