In case you haven’t heard about the new people’s digital currency (cryptocurrency) called the AMERO, now is a good time to check it out. No, it is NOT the Amero of conspiracy theories from 15 years ago. This one is real and it launches on June 4th, 2018.
If you can find time to read the 10 page article entitled “How the AMERO Will Change our Future” at http://www.trillions.biz/news/147270-How_the_AMERO_Will_Change_Our_Future.html, I highly recommend it. The article covers the issue from the big picture perspective of what money really is and the mostly likely future of the dollar.
If you don’t have time to dig into the bigger picture then I will try to provide a shorter summary. But, the issue is complex and to really understand it you need to have the whole story.
With the U.S. federal debt climbing beyond an unsustainable $21 trillion and interest rates rising, the interest payments alone on just the federal debt will soon be more than $1 trillion a year. Last year it was $548 billion at ultra-low interest rates. Interest rates are doubling this year. Keep in mind that there is only about $3.6 trillion in active circulation, so carving out so much to pay interest on debt, and another $1 trillion for the war industry does not leave much to pay for anything else.
The only way that the debt can be sustained for even a few years more is to rapidly grow the economy and boost tax revenue or drastically cut spending.
What is actually happening is that federal spending is being increased overall while tax revenue is being cut and the economy is being severely constrained by import duties, deportations of undocumented workers and cuts to essential social services. Even if the economy weren’t constrained it cannot grow much more due to a severe shortage of essential skilled labor. The meager growth that is currently reported is not really growth but inflation. The US economy has been fueled by debt for a long time and is in reality declining and what is masking it and make it appear that there is growth is the vast amount of dirty money coming in and creating a real estate and stock bubble.
It is quite likely that at some point in the near future, the U.S. won’t be able to keep borrowing the money to pay the interest on its debt. The Federal Reserve could continue to just create ever more money and borrow it from itself and pass the interest payments onto the taxpayers but that would cause investors in U.S. debt to try and get out of the dollar debt, which would flood markets with too many dollars they can’t absorb.
The other big factor in the future of the dollar is the tens of trillions stashed in offshore accounts — much of it dirty money stolen through the gargantuan military budget. Remember that the Pentagon refuses to account for at least $10 trillion it has officially received. Then there is another $21 trillion in off-the-books money that flowed through federal agencies that wasn’t even authorized and has never been accounted for.
So, when the interest payments soon reach a critical level beyond the ability of American taxpayers to pay it, the dollar will weaken to the point where those holding the tens of trillions try to sell their dollars at any price. This will cause the value of the dollar to collapse and that will then trigger the $1.2 quadrillion in derivatives, the largest companies will go belly up and an economic tsunami will sweep the globe.
Because the U.S. dollar is so entangled with the world economy as the primary international and reserve currency, there will be a global economic depression unlike anything every experienced before.
A growing number of leading economists and financial experts are predicting this exact scenario. When you do the math, it is hard to come to any other conclusion. The collapse of the U.S. dollar is not an if but a when.
Enter blockchain technology, a simple software system that consists of a tamper-proof, counterfeit-proof encrypted digital ledger that preserves trust and truth in a time of increasing deceit and delusion.
The most important application of blockchain is digital currency, also called cryptocurrency. Bitcoin was the first successful digital currency and while flawed, it has shown that the people can create and use their own currencies in parallel or instead of national currencies.
Most cryptocurrencies so far have been decentralized and anyone with a powerful enough computer can make their own and trade them on various exchanges. The problem with this is that the value of the currencies varies widely and so they are not really suitable for everyday commerce and their value is increasingly manipulated by those with the most coins.
The AMERO is a centrally managed people’s digital currency designed specifically for use by government agencies and businesses. Because it is centrally managed it can be more secure, stable and sustainable.
The really big thing about the AMERO is that there will be an initial 500 billion of them with an assigned value of $1 USD per AMERO and 90% will be given to government agencies, non-profit organizations and for important R&D in North and Central American and the Caribbean.
A portion of the AMERO will be used to create a new more humane and sustainable civilization.
Those who receive grants will redeem their AMERO for the goods and services they need from a growing network of AMERO vendors.
As a parallel debt-free currency, the AMERO will empower small businesses by helping them to:
• conserve capital
• reduce the need to borrow money and pay interest
• reduce operating costs
• reduce financial transaction fees
• access new opportunities
• be more competitive
• increase profit
• protect against the declining dollar
As the AMERO network grows, more coins will be created and released to fund important development projects.
The AMERO enables the 99% to take their power back from the 1% and not be dragged down by a declining dollar.
Instead of trying to fix a hopelessly broken and rigged system, the AMERO enables us to build something new and better that is not under the control of sinister forces.
Businesses who sign up now to accept the AMERO receive up to 2,500 AMERO free.