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Rothschild to Launch 'FedCoin' as Banks Scramble to Compete with Bitcoin

Federal Reserve develops cryptocurrency as digital assets go mainstream

By: Jay Greenberg  |@NeonNettle
 on 21st December 2017 @ 11.52am
the rothschild controlled federal reserve is developing  fedcoin  cryptocurrency to rival bitcoin © Neon Nettle / Press
The Rothschild-controlled Federal Reserve is developing 'FedCoin' cryptocurrency to rival Bitcoin

As cryptocurrencies like Bitcoin and Ethereum break into the mainstream of global finance, banks have started to panic, fearing they may be losing control of the world's currencies as citizens everywhere begin to take back power by investing in digital assets.

Cryptocurrency is decentralized, unlike regular fiat, which means it doesn't require a central bank as payments are transferred person to person.

Up until recently, Bitcoin hadn't been a viable threat to the US dollar as it was more of an underground currency used online, favored for its speed, security, and anonymity.

Over the last few months, however, crypto has gone viral, with values breaking records on an unprecedented level.

Now, it seems as though the Rothschild-controlled Federal Reserve has begun to take this threat to their monopoly seriously as news emerges they are developing a new "FedCoin" in an attempt to rival Bitcoin.

Infowars reports: We want cryptocurrencies to stay completely independent, and we definitely do not want the Federal Reserve and other global central banks to start creating their own versions.

Because of course once they create their own versions they will want to start restricting the use of any competitors.

The one thing that could derail the cryptocurrency revolution faster than anything else would be interference by national governments or global central banks.

Unfortunately, now that Bitcoin, Litecoin, Ethereum and other cryptocurrencies are getting so much attention, it is inevitable that the powers that be will make a move.

On Monday, the Washington Post published an opinion piece by Professor Campbell R. Harvey of Duke University that was entitled “Bitcoin is big. But Fedcoin is bigger.”

These days, there is an agenda behind virtually everything that the Washington Post publishes, and so it is not just a coincidence that they have published an article with “Fedcoin” in the title. Here is how that article begins…

"Over the past few weeks, investors have been flocking to bitcoin, the digital currency whose value has soared by about 2,000 percent in the past year alone. And while many economists are cautioning against excitement about bitcoin — which is caught up in what may be one of the biggest speculative bubbles in history — it’s important to note just how revolutionary the technology may be.

"Indeed, the technology underlying bitcoin could fundamentally change the way we think of money."

Professor Harvey goes on to explain that it is "only a matter of time before paper money is phased out," and that some version of “Fedcoin” is inevitable.

But it doesn’t have to be.

The Federal Reserve and other global central banks could just leave us alone and allow us to create our own currencies.

The cryptocurrency revolution is moving along just fine, and there is no need for any sort of interference.

But I have a feeling that the powers that be will eventually manufacture some sort of a “cryptocurrency crisis” if one does not happen naturally.

In the aftermath, they will attempt to introduce some version of "Fedcoin," and many in the general public will be very thankful for the “solution” that the government has provided.

And that day may be closer than we think. In fact, the U.S. government has already invested millions into cryptocurrency research…

To add fuel to the fire, the U.S. government has been rigorously studying Bitcoin for about two years now… and instead of fighting Bitcoin, the Feds seem poised to wipe out the U.S. dollar by creating their own digital currency.

The National Science Foundation, a U.S. government agency that supports and funds research… has awarded $3 million to three U.S. universities for wide-ranging cryptocurrency research.

Cornell, the University of Maryland and the University of California Berkeley will focus on developing new cryptocurrency systems that, according to principal investigator Elaine Shi, will address “pain points” attributed to Bitcoin and other existing networks.

The Federal Reserve is far from alone.

Other global central banks are doing their own research, and the Bank for International Settlements says that “all central banks” may eventually need their own cryptocurrencies. The following comes from CNBC…

"Central banks may one day need to issue their own cryptocurrencies, the Bank for International Settlements said in its latest quarterly review.

"'Whether or not a central bank should provide a digital alternative to cash is most pressing in countries, such as Sweden, where cash usage is rapidly declining,' the Sunday report said. 'But all central banks may eventually have to decide whether issuing retail or wholesale [central bank cryptocurrencies] makes sense in their own context.'"

This is going to be a critical phase of the cryptocurrency revolution because the people of the world are going to have to make it exceedingly clear that they do not want central bank cryptocurrencies.

Central bank cryptocurrencies would simply be an extension of the current debt-based system that is systematically enslaving humanity.

The thing that makes cryptocurrencies so great is the fact that they are not debt-based and they are allowing humanity to express independence from the current system.

As existing fiat currencies fail, we want there to be independent cryptocurrencies that people can use as an alternative.

And we don’t have to just imagine what that would look like. In fact, it is already happening in Venezuela…

"But in Venezuela, the collapse of the bolivar has forced locals to turn to alternatives like bitcoin and local community-issued currencies with fixed exchange rates. The rapid erosion of the bolivar’s value made everyday transactions like buying groceries and paying cabbies untenable – customers had to pay with large, cumbersome stacks of bolivars that were difficult to transport.

"Patricia Laya, a Venezuela-based reporter, tweeted a photo of the 5,000 bolivars – the maximum amount – she was able to withdraw from an ATM in Caracas. They’re worth around $0.05. Laya stated that she had waited 20 minutes in line to obtain $0.05 in hyperinflated currency worth little to no value, according to CCN.

"Even though bitcoin transactions can take hours – even days – to settle, local merchants have readily embraced the digital currency."

This is a revolution that has the potential to completely change the global financial system, but I have a feeling that global central banks will never let it get that far.

READ MORE: Keanu Reeves: Bitcoin Will Destroy the Global Elite, Give Power Back to People

The current system funnels literally trillions of dollars to the very top of the food chain, and the elite are going to jealously guard their golden goose.

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