The Truth About Bitcoin
ZetaTalk Bitcoin 1/31/2018:
Most of the new Cryptocurrencies are being established to eventually steal from the public. The schema is to allow the currency to go into use, encouraged by celebrities or chirpy reports on how easy the new currency is to use, then boom anyone holding the electronic currency suddenly finds it has zero worth and cannot be redeemed.
ZetaTalk Bitcoin Game 4/30/2020:
The Digital Dollar is designed to hide the fact that a bank is in fact bankrupt. It is designed to replace Credit Card use, pushing this activity into the arms of the Central Bank where evidence of bankruptcy can be hidden. The Digital Dollar is by nature ephemeral. This is money laundering made legal. The alternative is to allow banks to go belly-up into bankruptcy, be absorbed into stronger banks, and eventually be absorbed into the Central Bank in any case. For the banking systems, these are truly the End Times.
ZetaTalk Process 11/30/2019:
How do banks fail, softly or with a hard crash? Politicians and the wealthy would prefer the system survive the coming passage of Nibiru, and thus will do all they can to disguise the distress that banks are experiencing. They hope for the common man to learn of Nibiru late, preferably during the Last Weeks, so they have no time to stop paying their mortgage, else foreclosures would increase. This is anticipated to be a temporary burden on the banks, though they can then auction the properties off.
We have long predicted banking failures going into the Pole Shift, due to a worldwide economic collapse from crop failures, earthquake damage to the infrastructure, insurance company bankruptcy, and consequent job loss with loss of income to the individual and to the GDP. Governments will at first respond by printing or producing more money, though fragile countries will be forced to declare bankruptcy. Weak banks will be closed to be absorbed by larger and stronger banks, but this process does have an end point.
We have predicted that the world will go into the barter system as the Pole Shift approaches. As foreclosures increase, banks will find they do not have the resources to monitor these properties, and they will be repossessed by their former owners or by strangers. Stocks and bonds will lose their value, with the Stock Markets being considered a joke. Tricks like a negative interest rate is already considered a joke. Why would someone buy a bond when it will cost them money? A currency, such as the Yuan or US dollar, or Euro will continue to be used as a medium of exchange on the street and in shops, however.
~ ZetaTalk
