The Dollar Could Be Wiped Out Permanently In 7 Years, And This Could Be The Currency To Do It

According to a whistleblower on Reddit, Bitcoin could significantly disrupt the dollar and, by extension, the Federal Reserve as soon as 2021. He describes himself as someone with a BS in Computer Science and a PhD in Econometrics, who worked at the San Francisco Fed when he was given an assignment on Bitcoin.

Faucet.bitconzebra Feed the zebra and earn up to 1000 Satoshi with the chance to multiply it several times over for free and no risk.

shutterstock_2086098191-1000x641

 

 

 

 

 

 

 

The whistleblower shares:

The Dirty: We were directed to upgrade our modeling of bitcoin from developing currency to a major currency. In addition to all of the common modeling and forecasting that task entails, we were instructed to do full simulations of money flows, interest rates, multi currency derivative baskets, risk metrics, and their effects on global macro monetary policy and trade agreements. What we found was shocking.Even with a mediocre adoption rate and variable growth rate, bitcoin severely disrupts how we model, forecast, and ultimately understand currency interactions to make monetary policy decisions. This is a huge technological, monetary, and policy disruption which leaves the Fed, the US govt, and other entities with much less control. Our best case scenarios are modeled upon current bitcoin adoption rates which have simulated a tipping point for the year 2026 (worst case 2021); this time frame projects the Fed (via the dollar) to lose its dominant global monetary policy maker status – instead everything will superseded by bitcoin.

I presented this updated report along with all of our modeling work and simulation outputs which were statistically and independently verified to the Board of Governors.The Board was highly alarmed and interrogated me and my fellow researchers in a 3 day session trying to understand every point of our research. It must be remembered that unlike politicians, the Board of Governors is a very well educated and empirical group with an ability to conceptually grasp complicated research.

Former Presidential candidate Ron Paul has spoken of the possibility of Bitcoin replacing the dollar. He said that if many people start to use bitcoins, “It’ll go down in history as the destroyer of the dollar.” Paul warns that “Governments absolutely demand a monopoly on money and credit. They’re not going to give it up easily. They will come down hard.”

Could Bitcoin have a severe impact on the dollar and how monetary policy is conducted?

Photo credit: Shutterstock.com

faucet.9bitz  roll and wish for 9’s  ….. earn up to 999999 Satoshi every hour

screenshot-by-nimbus (13)

Read more at http://www.westernjournalism.com/bitcoin-destroy-dollar-2021/#3bGY6ASwxUcErYzW.99

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s