Monday, June 24, 2019

FacebookCoin is a Trojan Horse of Corporate Oligarchy

by Michael Krieger, Liberty Blitzkrieg:

ZUCK: yea so if you ever need info about anyone at harvard
ZUCK: just ask
ZUCK: i have over 4000 emails, pictures, addresses, sns
FRIEND: what!? how’d you manage that one?
ZUCK: people just submitted it
ZUCK: i don’t know why
ZUCK: they “trust me”
ZUCK: dumb fucks

– Leaked messages sent by Mark Zuckerberg to a friend at Harvard as he was building Facebook

Years ago, Mark Zuckerberg made it clear that he doesn’t think Facebook is a business. “In a lot of ways, Facebook is more like a government than a traditional company,” said Mr. Zuckerberg. “We’re really setting policies.” He has acted consistently as a would-be sovereign power. For example, he is attempting to set up a Supreme Court-style independent tribunal to handle content moderation. And now he is setting up a global currency.

Libra: Facebook’s Crypto Trojan Rabbit

by Tom Luongo, Tom Luongo:

Cryptocurrencies are winning. If you need proof look no further than Facebook’s proposed Libra stablecoin. While the details are scant, the salient point is Libra is another attempt by the current banking establishment to slow the flow into the world of hard money.

In this respect Libra is no different than Ripple or dollar-settled Bitcoin futures contracts. These are products designed to slow the exodus out of the shadow banking system. Ripple is a way to lower foreign exchange fees and off-chain futures settlement is a way to control Bitcoin prices and exacerbate volatility to slow crypto-adoption by so-called normies.

IN BID TO CREATE A ONE WORLD MONETARY SYSTEM, FACEBOOK LAUNCHING NEW CRYPTOCURRENCY ‘LIBRA’ THAT WAS ORIGINALLY CALLED ‘GLOBALCOIN’

by Geoffrey Grinder, Now The End Begins:

The cryptocurrency is reported to be called Libra and will be revealed on June 18, with plans to release the coin fully in 2020. It’s expected to act as a “stablecoin” meaning its value will be attached to a number of government-issued currencies in order to limit the volatility of the value of the coin; an issue which Bitcoin has faced for some time. Users will be able to send Libra via Facebook products such as WhatsApp and Messenger, reports also claim that a number of partnerships with online retailers will allow users to spend the coin in many locations online.

READY FOR THE GLOBAL RESET? — Lynette Zang

from SGT Report:

If you use the new Brave browser for 30 days, they’ll fund my channel with a little bonus! It’s 2X FASTER than Chrome or Safari, FREE AND PRIVATE! (Make sure you INSTALL it after downloading it) https://brave.com/sgt200

Lynette Zang returns to SGT Report to discuss the reasons she thinks the time for a global economic reset is drawing near. Thanks for tuning in.

Keiser Report: Zero Rates Coming? (E1396)

from RT:

In the second half, Max interviews Mish Shedlock of MishTalk.com about his new parody song, “Bubbles B. Goode,” in reference to the new Fed chairman, Jerome Powell, promising to cut rates to keep the good times rolling. They discuss rate cuts and what this portends for the future.

Facebook’s cryptocurrency to debut next week backed by Visa, Mastercard, Uber, and others: WSJ

by Jon Porter, The Verge:

An unveiling is expected next week, with a launch to follow in 2020

Facebook has secured the backing of over a dozen companies for its upcoming Libra cryptocurrency set to be announced next week, The Wall Street Journal reports. These companies include major financial organizations like Visa and Mastercard, and internet darlings like PayPal, Uber, Stripe, and Booking.com. Each will invest around $10 million to fund development of the currency, and will become part of the Libra Association, an independent consortium that will govern the digital coin independently of Facebook.

Keiser Report: A Five Cent Cola and Gold (E1395)

from RT:

In the second half, Max interviews Alasdair Macleod of Goldmoney.com for his thoughts on the gold market as the US Federal Reserve chairman calls for the end of the use of the word ‘unconventional’ when referring to QE and other new monetary policy tools. They discuss whether or not interest rates will go to zero in the US as billionaire investor Stan Druckenmiller believes and what happens, in that case, to Europe where over $10 trillion worth of bonds have a negative yield.

Barrels of Oil May Be Paid for Using Crypto One Day, Head of Russian Energy Giant Says

by Thomas Simms, Coin Telegraph:

The head of Russian oil company Rosneft has not ruled out the possibility of paying for oil using cryptocurrencies in the future, according to a report by Snob.ru on June 6.

Igor Sechin said the industry’s acceptance and awareness of digital assets is beginning to rise as Silicon Valley tech giants including GoogleAmazon and Apple begin to explore the oil and gas sector.

While he suggested that the stablecoin Facebook is currently developing could one day be used to purchase oil by the barrel, Sechin warned there are some hurdles that cryptocurrencies need to overcome if they are to pique the interest of energy giants. He was quoted as saying: