Decentralized Financial Services Are the Key

The Global Meltdown has been going on for a long time, hasn't it?

I like Mel K interviews because she seeks guests who are aware that we the people need a new, trustworthy, financial system not based on lies.

This interview is of Jacob Wells, founder of GiveSendGo, at a Conservative Political Action Conference.

A screenshot and the link:

rumble.com...

He talks about God, and so does Mel K. When each of them do this, I think they're trying to say they believe in the "nature's God," that is referenced in the Declaration of Independence, which is a declaration of human rights.

a reply to: DevotedResearcher

Youtube...really?

YOU tell us what decentralized financial services you recommend!

The purpose of the original bitcoin white paper from 2008 was to prevent this mess from happening again with decentralized commerce.

So, crypto/ bitcoin, gold/ silver, land/safe real-estate.

a reply to: olaru12

Huh?

The interview is on Rumble.

The gist of the conversation is moral values, which are local to your family, community, and country.

originally posted by: v1rtu0s0
So, crypto/ bitcoin, gold/ silver, land/safe real-estate.

To me, crypto/bitcoin cannot be put in the same category with gold/silver, or real estate.

Anything that exists on a computer is subject to mischief.

a reply to: DevotedResearcher

Unless you hold your title outright it's digitally held by the bank.

a reply to: AugustusMasonicus

You're talking about real estate that you have a mortgage on?

Yes, you don't really own that yet.

Ellen Brown is author of the book Web of Debt.

She says that the state of Idaho has a successful public bank.

She is the founder and chair of the Public Banking Institute:

publicbankinginstitute.org...

originally posted by: DevotedResearcher
Ellen Brown is author of the book Web of Debt.

An excerpt from an article by her dated January 18, 2023 entitled "Solving the Debt Crisis the American Way":

Our forefathers turned their debts into currency. That Constitutional approach could work today.

. . . Congress could avoid its debt crisis today by calling for a new issue of debt-free U.S. Notes. That, however, would require legislation, probably a greater uphill battle in the current Congress, even than getting the debt ceiling lifted.

Reducing the Federal Debt

Another way to alleviate the debt crisis with government-issued money was proposed by Republican presidential candidate Ron Paul and endorsed by Democratic Representative Alan Grayson during the last debt ceiling crisis: the Federal Reserve could be ordered to transfer to the Treasury the federal securities it has purchased with accounting entries through “quantitative easing.” The Treasury could then just void this part of the debt, which stood at $6.097 trillion as of Dec. 2, 2022. That alternative would be legal, but it would require persuading not just Congress but the Federal Reserve to act.

A third alternative, which could be done very quickly by executive order, would be for the federal government to exercise its constitutional power to “coin money and regulate the value thereof” by minting one or more trillion dollar platinum coins. . .

scheerpost.com...

A moral community has provided a strong foundation for the world we have today. As most people do the right thing for themselves and their community a lot of improvements have been made.

When it comes to money and human nature, any exploit will be taken advantage of. The banking system has grown to counter a lot of the fraud and exploitation that does take place, not all of it. As the banking and financial system has grown, so has it issues.

If you do get into cryptos, hold your own keys. Having them stored on some server you do not control has its risks.

In some ways a CBDC could help counter some of the more institutionalized fraud that does go on. But with the current WEF agenda the risks of controlling individual spending towards some totalitarian aims is troubling.

As the clouds of the Great Reset looms, hang in there. Civilization has been through these events before. Things might get tight for a while, go back to what really matters.

originally posted by: DevotedResearcher

originally posted by: v1rtu0s0
So, crypto/ bitcoin, gold/ silver, land/safe real-estate.

To me, crypto/bitcoin cannot be put in the same category with gold/silver, or real estate.

Anything that exists on a computer is subject to mischief.

ofc you can't lol
crypto is literally intangible, even the worthless dollar has physical cash that one can give/receive

crypto copers think when # hits the fan they'll be able to trade their digital coins for goods/food/etc

The reason why the neoliberal global economy has been falling apart is because of decentralized financing.

a reply to: spartan002

crypto is literally intangible, even the worthless dollar has physical cash that one can give/receive

The value in crypto is in the trust it establishes by the strength of its encryption. These cryptos have gone through many years of battle hardening as people have tried to break and exploit them in the past.

Getting in and out can be tricky at times and is one weak spot as various exchanges have been hacked and crashed. It is not the crypto coin that was hacked, but the way the keys and user accounts where stored.

If the encryption on one of these cryptos does get hacked one day, that coin will be worthless as the trust is broken. But probably not until those that worked out how to crack it exploit it first.

There are other risks and benefits when getting into it. While the lights stay on it is one option out there.

originally posted by: kwakakev
In some ways a CBDC could help counter some of the more institutionalized fraud that does go on. But with the current WEF agenda the risks of controlling individual spending towards some totalitarian aims is troubling.

You understate the problem.

CBDC is to be avoided if we are to avoid a social credit system that will give the monsters who gave us COVID the power to starve us to death if we don't obey.

originally posted by: kwakakev
Getting in and out can be tricky at times and is one weak spot as various exchanges have been hacked and crashed. It is not the crypto coin that was hacked, but the way the keys and user accounts where stored.

And? If the medium of storage or exchange are not secure, does it matter? You still lost your money.

a reply to: AugustusMasonicus

And? If the medium of storage or exchange are not secure, does it matter? You still lost your money.

What happens if you lose your cash or gold when not keeping it secure? How are these bank bail in going to roll as the banks fail to keep their systems secure? Lots of stories of people losing their property as someone fraudulently puts a loan on it.

Trying to secure any asset has it risks.

a reply to: DevotedResearcher

You understate the problem.

Yes I have, it is a complicated messy can of worms getting into all the technicalities and options. With so many scams and other exploits going on around the internet, I can see a place for some form of trust among the digital landscape.

A centralized CBDC will give those who control it a massive economic and political advantage.

originally posted by: kwakakev
What happens if you lose your cash or gold when not keeping it secure?

The same thing, it's gone, which basically proves my point.

originally posted by: spartan002
a reply to: DevotedResearcher
crypto is literally intangible,

Yes, and FRNs are paper, so not much better.

crypto copers think when # hits the fan they'll be able to trade their digital coins for goods/food/etc

Not sure what you mean by crypro 'copers', but I don't know anyone who believes or has said anything remotely like that.