The whole Banking System is a scam - Godfrey Bloom MEP. The Fractional Banking Experiment will soon be exposed and I am afraid that the results will make the 2008 Financial Crisis feel like a walk in the park.
Cryptocurrency News: #Investors-Group
The Fractional Banking System is a scam and #Cryptocurrencies are about to expose it..!!
European Parliament, Strasbourg, 21 May 2013.
Speaker: Godfrey Bloom MEP, UKIP (Yorkshire & Lincolnshire), Europe of Freedom and Democracy (EFD) group
Godfrey Bloom MEP
For the ones that may have missed this epic speech made by Godfrey Bloom MEP at the European Parliament, Strasbourg on 21 May 2013, here is another chance to see it.
This speech is coming up to 5 years old and the words echoed have probably never been so more pertinent than they are today.
Fraction Banking vs #Blockchain Technology and Cryptocurrencies
Earlier today I posted a few tweets on twitter and I thought I would share them with you here...
Whether you like it or not, the Current Financial System WILL COLLAPSE & it WILL be because of Blockchain Technology!! DEBT & DERIVATIVES
https://twitter.com/StephenPKendal/status/967730402646478849
People are finally waking up to Blockchain Technology. Guess they'll only sit up & take notice when the Current System COLLAPSES & it WILL.
https://twitter.com/StephenPKendal/status/967729736087670787
The end of Central Banking
Over the last 18 months since I have been on #Steemit I have shared a number of slides regarding the future of Central Banking and how in the future Central Banking as we no it will cease to exist.
Here are just a few slides that I have shared on my Blog....
Whether you like it or not..!!
Whether you like it or not, Central Banking as we know it is toast and it is now simply of matter of time when their Centrally Planned Garbage Monetary System is exposed for what it is....... GARBAGE..!!
It will be #Blockchain, Cryptocurrencies and the Distributed Ledger Technology that will expose the flaws of Central Banking and when they do, rest assure, there will not be any Government of Central Bank in the World big enough to stop it.
Central Banks are backed into the corner..!!
Central Banks have been backed into the corner by #Blockchain, Cryptocurrencies and the Distributed Ledger Technology and no matter how they fight it they will not win.
Fractional Banking is stacking up like a festering pile of Horse Manure and apparently no one seems to care..!!
The Fractional Banking Experiment
The Fractional Banking Experiment will soon be exposed and when it does I am afraid that the results will make the 2008 Financial Crisis feel like a walk in the park.
The Global Financial System is being held together by nothing more than a toxic combination of: Debt, Derivatives, Failed Monetary Policies and Stimulus and is on the brink of a catastrophic implosion of Epic Proportion..!!
Thanks for reading.
Stephen
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Disclaimer
Please note that the above information is for educational purpose only and is not to be taken as investment advice. Other Cryptocurrencies are available.
Very well written and the speech of the great sir GodFrey and he is speaking truth about central banking scams. Many countries has banks who supported or I would like to say poking nose in Blockchain currencies where they should not be take a part. Now people got awareness of such media and they are free from such banking systems.
I was missed his speech in front of many people. Thank you for that ❤️
There are always three stages to prevail the success that includes, 1st step is all about ( They will mock you ) at second step (They will compete you ) at 3rd step ( you will get triumph). Basically the bankers are hitting the crypto world and have reached at step 2 ( competing phase). often i read different news that this bank is going to put a petition against BTC and it's business. They ( Bankers ) are doing so because they re afraid of the power of the Digital currency. Digital currency is exposing their flaws at a very high level and they are being exposed badly in recent past. This is also an admitted fact that future belongs to #Cryptocurrency without any doubt. For example look at the unstoppable storm of newbies on Steemit.
None can resist the evolution of crypto world which is about to come and we all are gonna witness it, mark my words ;)
I am so happy that you are working brilliantly to inspire many innocent investors and letting them know the right path to invest, Appreciated the Brain of Steemit aka Stephen <3
@stephenkendal the video is pure fact, but while the government and banks are in each others pockets nothing will change until people like us steemians do something about it.
After listening to @starkerz webinar I have no faith in banking one bit. It is like you guys are saying toast and it is about time something happened to stop it all.
My mum told me when I was a wee lad we don't borrow from Peter to pay Paul and I try to live by this.
After finding steemit and steem and talking to you guys my way of thinking has changed. I am all for cryptocurrency.
Nice post up-voted and resteemed.
Fractional reserve lending was first practiced a long time ago. Before banks, people who had gold (jewelry, ingots) could take it to the blacksmith who could melt it down to usable pieces for trade. Some people wanted to keep their gold in the safe keeping of the blacksmith. The blacksmith would give a receipt for the gold. People would trade their receipts for goods with others in the town. The blacksmith realized this and soon after started making receipts for gold not there. The towns people found out, he was killed for thievery.
In 1913 the Federal Reserve Act was passed by Woodrow Wilson. His chief advisor was a man named Edward House. House is responsible for the creation of the Council on Foreign Relations. House is the man who steered the country to where we are now. The central banks have most Americans slaving away for the almighty dollar, while at the same time most Americans do not know the usury attached to the dollar.
Some good books to read to get yourself informed of this situation are:
Behold A Pale Horse, William Cooper
Fruit From The Poisinous Tree, Melvin Stamper
The knowledge is out there, but you have to throw away all that you have been taught, swallow your pride and learn of the real history.
Nice to Steem you @markzuckerbergs, and thanks for the bibliographical references ! I'll much appreciate posts like this in the future SteemCyclopedia :-)
Another prominent contributor in building nowaday's fraudulent currency system was John Law, Finance Minister under the French Regent, who in 1615 invented "printed money" (the blacksmith's receipts you mention, generalized at the scale of a country), forcing all France inhabitants to convert their silver and gold coins to that monkey money.
You are right @stephenkendal in the future we might not need central bank to regulate our currency market due to dynamic development of cryptocurrency and Blockchain market...
There is not doubt that central bank is being corned and the control of economy is coming in the hand of individual...This is changing the scenario of financial states which will leads to dependent on cryptocurrency and we will not rely on banking system which continionsly has taken advantage of poor people.
Thanks @inventingroup...!!Thanks for very useful information and truthful too
The banking system is scam,big scam. In my place in africa, its worse. They behave as if they own your money, they are already scared of what cryptos will do to them, and am pretty sure they wont escape.
In your article you said it will expose the flaws of the bankong system, well, i feel ots already exposing it. I love what the crypto system is doing!
Cheers to this great article, i enjoyed it.
Yours truly loved
@iconnelly!
The system of blockchain is made for the easiness of any individual, who is going to be a part of it, actually it designed to realize the false system of the bank, that now your time is finish.
however the blockchain become emerged a true source to help the individual who is totally depressed with this debt system, every passing day the popularity of blockchin getting more influence on the old system of finance, which is now at the verge of disintegration.
Thanks #stephenkendal your way of explanation realized us, what are actually going on in the financial system,
Keep sharing such stuff, that indeed, helpful and encourage us toward more prosperity.
Thanks a lot...
Steem On...
if there is financial crisis it's maybe can be problem also for the cryptography or on the investor financial crisis also get less flow of cash and the financial problems... it's very true the banking system is full scam they just take profit with us and give in returns very less which is low then anyone can expect hope all scams will be solve and there will be no scam in any financial systems... thank you for the information @stephenkendal
The fact that the whole banking system is being controlled by a selected few makes it manipulative. We accept just whatever they tell us as we have no control whatsoever over the system.
The decentralized system of cryptocurrency is revealing a lot of this illegalities. We can't wait to see these fully unfold.