The IMF, World Bank, SDR Special Drawing Rights and Bitcoin

The IMF And World Bank, Who Pay No Taxes, Are About To Talk About Tax Hikes And Inequality

THE BIGGEST SHIFT

Since Reagan it’s BEEN all about “capital” and that they get all the money The  “trickle down” bullshit – never worked and was never going to work but made for a great sound bite.

THE TABLE TURNED

Now the focus is on delivering the money directly to people and plans to build back desperately needed  infrastructure.

SDR – The Special Drawing Rights

IMF Silently Creates New Money Layer, Why You Need to Leave the Banks: Willem Middelkoop

The International Monetary Fund’s special drawing right (SDR) – the international reserve asset created in 1969 to prepare for a new dollar crisis – is undergoing a renaissance with important worldwide repercussions says Willem Middelkoop, author of the Big Reset.

SDR is a a new layer of reserves for the IMF
500 – 600 Billion USD is created out of thin air for countries to add to their balance sheet.

Treasury secretary Janet Yellen said she’s going to create $1 trillion SDR for the U.S. to use and  G-20 approved it. It was created in 1 day, in a moment, flash –  it is just there.

Nobody loses anything but it increases the debasement of all world currency in a hidden way. The IMF can grow it’s balance sheet to be the world’s central bank which creates all the problems.

FIAT  – WHAT RULES ARE THEY TALKING ABOUT?

Archegos: Wall Street Was Effectively Giving 85 Percent Margin Loans on
Concentrated Stock Positions – Thwarting the Fed’s Reg T and Its Own
Margin Rules. The short version on what the collapse of the Archegos Capital Management hedge fund signifies is that it was one more in a long series of Wall Street’s maniacal wealth extraction schemes for the one percent that blew up in its face.

NOT FINANCIAL ADVICE

HARD MONEY IS THE ONLY ASSET

Bitcoin allows you to move out of the system.

30 – 50 percent should go into bitcoin or gold and silver.

Satoshi Nakamoto’s Page – P2P Foundation

Bitcoin — “Some say 5%, I did 400%” – Michael Saylor

I was on the internet in 1991, and know what was there before the World Wide Web and Netscape appeared.

Mike Belshe, is the Founder and CEO of BitGo. He is a builder, a coder, but before that, he used what he learned at Netscape to help Google develop Chrome. Belshe stored his first Bitcoin on an old laptop. But after his investor friends started sending their digital assets his way, that “old laptop” was suddenly worth millions. Here’s how his quest to secure those assets eventually became BitGo.

WHAT THE INTERNET WAS LIKE IN 1990 – 1999?
NOTHING LIKE IT IS NOW.

FINANCE IS  LIKE THE INTERNET  BACK THEN AND NOTHING ABOUT FINANCE  WILL BE THE SAME FROM NOW ON.

Mike Belshe
BITGO 2013
Institutional compliance

Most bitcoin going into institutions will never come back out.

SECURITY OF ASSETS IS HARD AND IT’S ABOUT CHECKS AND BALANCES.
From $20M Bitcoin under a couch to $20B+ in custody: the BitGo story
https://www.youtube.com/watch?v=kumgEah8OfA

“Bitcoin is Immune to the Printing of Money” & SegWit2X DEC 18, 2020
https://www.youtube.com/watch?v=HkN5eD8uvHE

The Interview – Crypto | Featuring Mike Belshe and Ash Bennington

BitGo Receives NYDFS Approval for New York Trust Charter
The firm plans to offer New York banks crypto custody as a service.

The BitGo API allows developers to access and integrate the functionality of BitGo with other applications. Some example API methods include managing users, retrieving wallet information, and managing Bitcoins and wallets. BitGo is a security platform for Bitcoin and Bitcoin products and applications.

William Casarin
William is the founder of Bitcoin Wizard and has been in the Bitcoin space since 2010. William was the CTO of Monstercat, one of the first record labels to accept Bitcoin. These days he spends most of his time helping individuals and companies with Bitcoin, and working on Bitcoin projects such as Bitcoin Core and the Lightning Network.