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Congressman Tom Emmer has raised concerns regarding Gary Gensler's involvement with cryptocurrency exchange FTX. The SEC are under pressure to create crypto regulations and it appears that Gensler intends to prioritize his agenda over the prospect of a digital asset standard in the United States, while they operate an expanding national debt.
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My videos are for entertainment purposes only. The Eurodollar system is all foreign banks holding US denominated are unregulated and have levered there debt. While the FED is in charge of all US banks this gets into global banks and what happens when high interest rates are a factor. The dollar is getting stronger in this environment because of the Eurodollar system and debts are being squeezed. This is going to cause a liquidity crisis as well as correspondents are going to back out of jurisdictions completely.
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rpm5Yxa7X6LnySo562UhhFGFsyAfPUbx8V
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@xrpDarren
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The system is failing, there is a design flaw that requires infinite money printing. Nations will continue to inflate. Each Nations can cushion the domestic economy with liquidity when needed. XRP is currency agnostic, neutral, and jurisdiction less it’s a bridge asset that allows any currency to be used. On a global level there is no longer a need to trust one nation monetary policy. However, having a scarce asset in the center of global financial system comes with downsides. A scarce asset with an escrow that can be distributed when in need is the middle ground between infinite inflation and scarcity.
Money is a measurement of goods and services that are produced. With the aid of technology and well managed resources businesses can create goods and services for cheaper. The central banks and governments dilute the money supply to counteract this efficiency. They believe a crisis comes from deflation so they have a target of 2% inflation. During this crisis they printed more than the 2% in order to keep the system a float. Now our currencies have been diluted and the banks use the cheap money to leverage positions. The central banks now have no choice but to infinite because the slightest deflationary shock will cause a domino effect. I open 5x position in bitcoin and the price of btc crashes 20% I lose all of my money. The big banks have levered positions and much higher than 5x. If we see another sell off as we saw in March the banks lose their positions and will require another bail out. What happens when the too big to fail, fail again? The centralized power structure that is in place will need a transformation. This is where crypto and blockchain technology is key. T
...
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The system is in a state of flux, with Tether partnering up with the FEDs and freezing tether tokens at will. The Bank of England is supporting crypto utility, which points to a changing landscape. India is also moving towards a settlement system that's most likely tied to Ripple. With traditional systems breaking down, payments and settlements are moving towards digital currencies. Ripple looks to have a significant role in this new system, owning 50 billion XRP. Not to mention, every time Ripple sells XRP it's effectively generating tax revenue for the government.
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Kristalina Georgieva from the international monetary authority is warning the world of the debt bubble is about to pop. A fundamental change is coming to the macro economy and a new Bretton Woods is coming. A digital Bretton Woods!! You need to prepare! The system will be reset to a digital economy!
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@xrpDarren
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Hotbit refferal link buy low market cap coins like LIT, XOR,
https://www.hotbit.io/register?ref=537547
Probit Refferal link buy low marketcap coins like VXV
https://www.probit.com/r/78195009
Binance Refferal link you can buy AGI PERL NEBL
https://www.binance.com/en/register?ref=18077362 xrp news today polkadot
...
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