Will the Rothschilds' prediction they made 30 years ago for a new world currency that will ruin global markets in 2018 come true?
December 18 (King World News) - Egon von Greyertz: “In 1988, The Economist predicted that 2018 would be the year of a new currency, which they called Phoenix. Quite a startling prediction made 30 years ago, especially for 2018, the year when major currency shocks could occur …
Egon von Greyertz continues: “According to the conspiracy theorists, The Economist is owned by a number of elite families and bankers, including the Rothschilds. Was this a plan that has been in the works for a very long time? Or is it just a coincidence that a major currency event is about to happen in the year The Economist predicted?
So what events can happen and lead to a serious cataclysm in the foreign exchange markets and in the global economy in 2018?
Collapse of the dollar
The end of the dollar as the world's reserve currency is a certainty. It's only about when it will happen. The dollar is no longer considered the backbone of the world monetary system. Since gold support for the dollar ended in 1971, it has lost 98% in real terms compared to gold. But against most currencies, the dollar lost a lot. For example, in Swiss francs, the dollar has declined 77% since 1971.
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The dollar is backed by huge debts and deficits. The United States has had no real budget surplus since 1960, and has had a trade deficit since 1975. The dollar is not backed by anything and relies only on debt and strong military spending. He lives in debt.
THE FALL OF NEFTEDOLLAR AND THE RISE OF NEFTEYUAN
In 1974, the United States agreed to support Saudi Arabia financially and militarily on the condition that the Saudis valued the oil in dollars. Since most of the world was buying oil from Saudi Arabia at the time, this led to a strong demand for dollars that continues today. This was the beginning of the Oildollar, which allowed the US to live above its means for 44 years. But from 2018, the Oil Dollar will be gradually replaced by the Oil Yuan, as well as by the Oil Ruble.
China, the world's largest oil importer, will move away from the dollar-denominated oil trade along with Russia and Iran. The trade will be backed by an Oil Yuan futures contract with potential gold convertibility. Barring further military intervention in the Middle East, the United States now has little chance of stopping this major blow against the dollar. The US is now effectively self-sufficient in oil production and is no longer a major trading partner for Saudi Arabia. Therefore, the United States cannot stop Saudi Arabia from moving its sphere of activity from West to East.
CRYPTO BUBBLE AND CRYPTO DOLLAR
The main event of this year, which convinced many that we have a new currency system that is not controlled by any country or any central bank, is of course the cryptocurrencies led by Bitcoin. In 2017, we saw mania in mass-scale cryptoms. At the beginning of the year, the market cap of all cryptos was $ 17 billion. Today there are 1,360 cryptograms with a total value of $ 588 billion. This is a 34x 3300% increase in the value of crypto loans in just one year. There are 589 krypton over $ 1 million, and bitcoin is the largest at $ 312 billion.
How can anyone believe that the world can function with a payment system that has 1360 currencies that continue to grow exponentially with the new ICO (Initial Coin Offering) almost every day. Cryptos in their current form will never be accepted as currencies. Bitcoin has grown by 20X in 2017. If it were a currency, it would mean 1,900% inflation, or rather hyperinflation. But Bitcoin is not a currency. Moreover, it can never be used as a payment system due to the very low transaction speed. Bitcoin and other krypton are just the electronic form of tulip bulbs. Like tulip bulbs, the bitcoin bubble could get bigger, although the bitcoin mania is now bigger than the tulip mania, as the graph shows.
CRYPTODOLLAR
Therefore, if there is a new currency in 2018, as the Economist predicts, it is unlikely that it will be Bitcoin or any of the 1,360 cryptograms. It is possible that bitcoin was purposely built by the government to experiment and see how the cryptocurrency would work. Or it could be, according to Catherine Austin-Fitts, that governments are keeping a close eye on cryptomania and allowing private enterprise to develop the market before they step in and block all cryptos in order to establish their own.
I wouldn't be surprised to see the US government introduce the Cryptodollar in 2018 to replace the current dollar they know is about to collapse. All existing debt will remain in the Old Dollar. The US government would then encourage and help to quickly value the Cryptodollar like Bitcoin. This will redeem the Old Dollar with the new overvalued Crypto $. Obviously this scheme won't work, but for a while the euphoric crypto world might be buying it up, the hook and sink trick.
CHINA - RUSSIA AND GOLD
Neither China nor Russia will fall for this ruse. China would lose massively on its US Treasury bonds. This would induce these two countries to introduce some form of gold backing for their currencies or payment systems. If the paper trading in gold and the exchanges are still at that moment on this issue, China and Russia will use all their resources to enter the gold and silver market. This will raise the price of gold and silver by a mania the world has never seen before.
WILL WE SEE THE NEW PHOENIX CURRENCY IN 2018
So will the Phoenix currency (predicted by The Economist for 1988 in 2018) be Crypto $? Or will it be gold trading in Yuan and Ruble? Or will it be a $ 1 million bitcoin mania? We don't know, of course. But we know for sure that 2018 will contain many surprises on the currency front with massive volatility not only in currencies, but in most other markets as well.
What we also know is that while cryptoms can go significantly higher before they crash, they do not provide protection for investors looking to preserve wealth. Very few of the holders of the current $ 588 billion cryptocurrency will be able to exit before it reaches zero. Greed is one of the 7 deadly sins and it always punishes investor mania.
Gold will continue to be the only currency to survive in history, as it has for nearly 5,000 years. Physical gold and silver is the ultimate form of wealth preservation and insurance against the economic and financial disasters that the world will experience in the coming years.”