RE: To CHANGE or Not to Change - That is the question.
Actually, I am not sure if made a mistake about the banks in Iran and North Korea. I just looked on the FATCA website and Korea and Iran as countries aren’t listed. I am abolutely certain that some of their banks were on the list 2 or 3 years ago - there were a number of North Korean banks listed, it was 3 then, I think, but, perhaps the list was of banks which promised so participate, and maybe it never happened. The trouble is the latest list of banks from the website is crashing on me, so I can’t check if the banks are there, even if the country itself is not.
You can try and download the list of financial institutions who have already agreed to cooperate with the US FATCA law here: https://www.irs.gov/businesses/corporations/fatca-foreign-financial-institution-ffi-prior-months-lists
Haven’t checked for Syrian banks or the country.
Was that really a 1988 Economist cover about a new world currency? I seem to remember seeing an economist cover with something like that a few days ago. I forget where, but from memory it was next to an article about Warren Buffett no longer excluding bitcoin on the grounds of “I don’t understand it”, so I assumed, without looking at the date, that it was either a “mock-up” or something more recent than 1988.
If it was indeed 1988, then maybe they were talking about ECUs or SDRs. Interesting that they put 2018 on the coin.... maybe it was a bit of Nostrodamas forecasting which can be proven correct. I.e. In the randomness of hundreds of “so-called” forecasts and trillions of events, there will always be a few matches.
Anyway, if the coin was meant to be the future Euro, they should have put a hole in the middle.
Wait to you see some of the other data I have on that 1988 Economist cover... It ties so much together. I guess I'll do the story at some point. I just gotta edit it... :) There are many ways I could run with it, given the breadth and depth of it all. I'm just struggling with such poor results on these last 2 posts.
The current system all seems to be running it's course sometime in the next few years. I truly believe they will replace this system sometime in the near future. Who knows exactly when. There are a lot of variables, especially blockchain technology and AI together. It's my view that the right side of politics is doing everything they can to keep things going positive at least for the next 2 years to try and reelect Trump, and are planning to utilize these new technologies for the new system. Probably more eyes are on China now to play a key role in it all, especially given they have already said they are working to create their own cryptocurrency backed by gold and oil.
One of the many interesting altcoins to me is Stellar. IBM, who is probably their largest partner, released just in the last month that among many big projects about to come into play, that the chances are very strong that central banks are coming out with their own digital currencies on the Stellar network soon. Stellar said they will become known to most everyone sometime this year, as they roll out their projects and joint ventures. And so the plot thickens... :)
Stellar: must look into it..
Currency reset: not if, but when.
The currency reset is not what everyone here is predicting. Its 100 times better for the world. The goldbugs will be holding the wrong thing.
Here are the details on the 1988 article:
COVER: “GET READY FOR A WORLD CURRENCY”
Title of article: Get Ready for the Phoenix
Source: Economist; 01/9/88, Vol. 306, pp 9-10
A full copy of the text can be found here
They did mention the SRDs when they said:
The phoenix, of course was just used as a metaphor, but it sounds much like the Euro experiment, which seems challenged these days.
In many ways they missed it with:
FATCA and CRS seem to have gone backwards, making things worse than ever in so many ways.
They closing paragraph said: