We actually fund ourselves and then decide what dividends to pay.
It’s a great business to be in, central banking, where you print money and people believe it.
According to CoinTelegraph, ‘The hearing was part of the central bank’s annual review. During the meeting, Orr said he was “critically concerned” with the rise of decentralized digital currencies such as Bitcoin, which he argued lacks the three main properties of money.’
Orr said, “It’s neither a means of exchange, it’s not a store of value and it’s not a unit of account.” Orr is also not that big of a fan of stablecoins, believing that they do not compliment central bank issued currency. “They’re only as good as the balance sheet of the person offering that stablecoin,” he added.
AUTHOR COMMENTARY
The rich ruleth over the poor, and the borrower is servant to the lender.
Proverbs 22:7
This isn’t anything shocking, if you have a modicum of knowledge and understanding concerning the current economic framework. It’s all about cheap, easy, helicopter money; and those inflated notes ultimately make them and their rich criminal friends who gamble in the markets, wealthier at our expense because he have to transact in them.
The rich man’s wealth is his strong city: the destruction of the poor is their poverty.
Proverbs 10:15
The mammoth asset manager Blackrock wrote in a 2019 dossier that they wanted inflation to occur by flooding the economy with helicopter money, which would explicitly be used to enforce the transition to a CBDC, digital ID, and tokenization.
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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