libra

LIBRA: Facebook Now Wants to Control Your Money

CONTROL ISSUES: Through the accumulation of too much power, Facebook and its CEO Mark Zuckerberg have lost touch with reality in global society and must be uprooted.
Tony Cartalucci
21st Century Wire
Facebook – backed by some of the largest banks and corporations on Earth – seek to create a global digital currency and reassert Western dominion over the global economy.

Will the IMF, FED, Negative Interest and Digital Money Kill the Western Economy?

The IMF, has been instrumental in helping destroying the economy of a myriad of countries, notably, and to start with, the new Russia after the fall of the Soviet Union, Greece, Ukraine and lately Argentina, to mention just a few. Madame Christine Lagarde, as chief of the IMF had a heavy hand in the annihilation of at least the last three mentioned. She is now taking over the Presidency of the European Central Bank (ECB).

The World is Dedollarizing

What if tomorrow nobody but the United States would use the US-dollar? Every country, or society would use their own currency for internal and international trade, their own economy-based, non-fiat currency. It could be traditional currencies or new government controlled crypto-currencies, but a country’s own sovereign money. No longer the US-dollar. No longer the dollar’s foster child, the Euro.

Facebook, Funny Money and Libra

In this squalid era of compromised data and hollowed privacy, it would be fitting that the company largely responsible for such mishaps would steer another technological innovation.  Distractions are needed, and while Mark Zuckerberg cannot launch missiles, as yet, he can certainly launch platforms and what can be coarsely termed “deliverables”. Having become the object of derision and resentment from[Read More...]

Libra: Facebook’s Audacious Bid for Global Monetary Control

Payments can happen cheaply and easily without banks or credit card companies. This has now been demonstrated – not in the United States but in China. Unlike in the US, where numerous firms feast on fees from handling and processing payments, in China most money flows through mobile phones nearly for free. In 2018 these cashless payments totaled a whopping $41.5 trillion; and 90% were through Alipay and WeChat Pay, a pair of digital ecosystems that blend social media, commerce and banking.