So why has Putin launched the Crypto Ruble? Well Putin said, if he doesn't, then the other Eurasian countries will. I guess he wants to beat them to the draw. It will be government controlled, and backed by the Ruble which in itself is backed by gold. The Brics nations have also spoken about a Crypto currency that will break the hold of the US dollar. There is the pro and con to this. The pro is that it will simplify payments so that Swift and the American dollar won't be necessary. Gold in itself is bulky for transactions, and using local currencies with all the different exchanges is difficult. By simplifying another method of payment rather than the American dollar, our money making machine that feeds our war making machines will be stopped.. It will also stop the deep states control on the world through sanctions. Without the usage of the American dollar, there is no way that nations and individuals can be controlled by the Washington elites. The con to all this is if the American government doesn't make allowances for this, and adjust to it accordingly, it will affect our economy as well as the world's economy and throw the world into a depression. Another con is that it will be hard to keep track of illegal and criminal transactions. The unfortunate thing has been the misuse of this by Washington, so that criminal transactions which were beneficial to us politically and economically were ignored, and only those which were detrimental to us were punished. An example was the sale of stolen Syrian oil by ISIS. Vladimir Putin gave a list of over 30 offending nations which bought the oil at a meeting at Antalya in Turkey, including Japan and Israel, and it was completely ignored. ----------------------------------------------------------------------------------------- Russian President Vladimir Putin has ordered the issue of a national cryptocurrency, according to Communications Minister Nikolay Nikiforov, after a closed-door meeting. “I am so confident to declare that we will run CryptoRuble just for one simple reason: if we don’t, our neighbors in the Eurasian Economic Community will do it in a couple of months,”said Nikiforov. “When buying and selling a CryptoRuble, the rate will be 13 percent from the earned difference. If the owner cannot explain the reason for the appearance of his CryptoRubles, when converting them into Russian rubles, the tax for him will be 13 percent of the total,” he said.The national digital currency will be moved to international markets, according to the Russia's Deputy Minister of Economic Development Oleg Fomichev, stressing that there is no point in the currency circulating only inside the country. “This mustn’t be a private currency, but the one, which is issued by the state, controlled by the state and enable to provide circulation of digital money in light of the digital economy,” he said. https://www.rt.com/business/406960-russia-issue-blockchain-cryptoruble-putin/
I'm wondering how Washington will react, but then again this war mongering by Trump could be the reaction. Heaven forbid, we learn to adjust to a situation without guns. I like the video.
To say Nothing of Russia Launching Crypto/Fake News (RT/Sputnik, etc), and Crypto Trolls/bots to amplify that Disinformation +
money is a shared delusion, convincing everyone they were already on cryptocurrency would do the same thing. We made up the rules ourselves and we can change them whenever we want despite it all being an imaginary thing we take too seriously.
I believe that Bitcoin will end sooner rather than later. Not because it can hide the financial transactions of terrorists and drug dealers but for something far worse, it enables tax avoidance. India is celebrating Dhanteras where it is a tradition to buy and gift gold and for this the Indian government collects a hefty tax, not only when you buy it but also when you sell it and by using Bitcoin many Indians are avoiding paying this tax.
