XRP is the solution to the banking systems decay .. Here is why.. crypto

My videos are for entertainment purposes only. Join my patreon https://www.patreon.com/user?u=22374899 🔥Cryptocurrency and Precious Metal IRA's 🔥 Open An IRA With iTrustCapital To Grow Your Crypto Tax Free Get your first month FREE! Link: https://bit.ly/3mXgUOA Code: DARREN https://paypal.me/fame21moore?locale.... https://www.coinbase.com/join/moore_6bw use that link and coinbase gives you 10 dollars share.robinhood.com/darrenm72 use that link for a free share of stock. If you sign up I also get a free stock. i'm not a financial advisor. Download Brave Browser and earn BAT tokens while you browse the web. Also no more ads https://brave.com/qxb609 You can also donate directly to Fame21Moore: rMdG3ju8pgyVh29ELPWaDuA74CpWW6Fxns Destination tag 2664809513 ... or donate to Fame21Moore using ILP: $twitter.xrptipbot.com/Fame21Moore @xrpDarren on http://cinnamon.video When the US government announced the cares act the bond market sold over a trillion dollars in bonds. it turns out the foreigners holding US debt said no more to lose monetary and fiscal policy. The US was some what saved because the technology companies that thrived during the covid lock downs, the FANG stocks are American companies and the dollars transferred from the bond market to the US equity market. Now Wealth is finding a home in China’s financial assets because the Chinese government did not give have qe or stimmy checks. China has 20% of world GDP and 1.6% of global portfolios while the US has 25% of world GDP but 28% of world portfolios. In other words China is producing more with less debt than the US. When England lost the reserve status of the pound it did not happen over night, it happened over time and followed a trend. The US is following a trend, high inflation, easy money, low GDP. Money is production, and since the USD is needed for world trade there is always a demand yet the US has low growth. The rest of the world exchanges their good for dollars. And as stan drunkemiller stated foriegnors are starting to say NO MAS or no more. The world is starting to reject the reserve currency and every time in history that there was a fundamental change to the global economy there was a fundamental change in every aspect of life. Crypto is a transformative technology and is the next evolution of money. With crypto fiat can be unpegged and there is no longer a need for a reserve currency. disappeared for a couple of months. You simply do not speak out against the banking cartel. Charlie Munger is envious of the updated financial system China has. China’s financial system does not run on legacy systems like the US. Their financial system has been built by ANT financial and Alibaba. It started off on the internet, and does not have the history of a legacy system like the US banking system. The Super Elites of the US are envious of China’s financial system. Maybe this is why Berkshire and Hathaway are investing in big banks like Bank of America that is also head of Ripple’s Global Payment steering committee. The big banks are going to fail and this where decentralized platforms and CBDC’s get ushered in. There Crypto networks will interact with the public and serve the role of banks today. This eliminates the need for fractional leverage. Crypto networks can stimulate the economy without diluting the money supply. Crypto networks are automated and based on code, unlike the big banks. greed does not factor into the equation. Ripple provides its own currency, XRP, which can be used as intermediate currency for transactions. XRP is the only currency on the Ripple ledger for which transactions do not entail counterparty risk. Other currencies are “issued” by gateways that need to be trusted to settle the owed debts outside of the distributed ledger if a party chooses to withdraw a deposit. s to use for cheap and efficient cross border payments. “Ripple does not remove the trust relationships required in the correspondent banking system but simply shifts them to other parties, the gateways. This limitation could be removed if such a system would use central banks to Additonally banks would not have to develop, test, and spend for their own systems simply plugin to ripplenet and use a opensource decentralized technology. The XRPLedger with cowen a American multinational independent investment bank and financial services company that was founded in 1918. The man that announced at Jackson hole in the US that the dollar would be dethroned by a hegemonic currency is now telling us that the system is going to transform and adopt new decentralized networks. He said that the old world is crumbling and it’s less bank and more market driven. The choice is not to peg the currency but for #btc #xrp #ripple