The whole Banking System is a scam - Godfrey Bloom MEP. The Fractional Banking Experiment will soon be exposed and I am afraid that the results will make the 2008 Financial Crisis feel like a walk in the park.

in #investors-group4 years ago (edited)

Cryptocurrency News: #Investors-Group

The Fractional Banking System is a scam and #Cryptocurrencies are about to expose it..!!

European Parliament, Strasbourg, 21 May 2013.
Speaker: Godfrey Bloom MEP, UKIP (Yorkshire & Lincolnshire), Europe of Freedom and Democracy (EFD) group

Godfrey Bloom MEP

For the ones that may have missed this epic speech made by Godfrey Bloom MEP at the European Parliament, Strasbourg on 21 May 2013, here is another chance to see it.

This speech is coming up to 5 years old and the words echoed have probably never been so more pertinent than they are today.

Fraction Banking vs #Blockchain Technology and Cryptocurrencies

Earlier today I posted a few tweets on twitter and I thought I would share them with you here...

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Whether you like it or not, the Current Financial System WILL COLLAPSE & it WILL be because of Blockchain Technology!! DEBT & DERIVATIVES
https://twitter.com/StephenPKendal/status/967730402646478849

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People are finally waking up to Blockchain Technology. Guess they'll only sit up & take notice when the Current System COLLAPSES & it WILL.
https://twitter.com/StephenPKendal/status/967729736087670787

The end of Central Banking

Over the last 18 months since I have been on #Steemit I have shared a number of slides regarding the future of Central Banking and how in the future Central Banking as we no it will cease to exist.

Here are just a few slides that I have shared on my Blog....

CENTRAL BANKING vs BLOCKCHAIN.png

WHERE WE ARE GOING...2.png

Your own Central Bank.png

Whether you like it or not..!!

Whether you like it or not, Central Banking as we know it is toast and it is now simply of matter of time when their Centrally Planned Garbage Monetary System is exposed for what it is....... GARBAGE..!!

It will be #Blockchain, Cryptocurrencies and the Distributed Ledger Technology that will expose the flaws of Central Banking and when they do, rest assure, there will not be any Government of Central Bank in the World big enough to stop it.

Central Banks are backed into the corner..!!

Central Banks are backed into the corner.jpg

Central Banks have been backed into the corner by #Blockchain, Cryptocurrencies and the Distributed Ledger Technology and no matter how they fight it they will not win.

Fractional Banking is stacking up like a festering pile of Horse Manure and apparently no one seems to care..!!

The Fractional Banking Experiment

The Fractional Banking Experiment will soon be exposed and when it does I am afraid that the results will make the 2008 Financial Crisis feel like a walk in the park.

The Global Financial System is being held together by nothing more than a toxic combination of: Debt, Derivatives, Failed Monetary Policies and Stimulus and is on the brink of a catastrophic implosion of Epic Proportion..!!

Thanks for reading.

Stephen

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Disclaimer

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Very well written and the speech of the great sir GodFrey and he is speaking truth about central banking scams. Many countries has banks who supported or I would like to say poking nose in Blockchain currencies where they should not be take a part. Now people got awareness of such media and they are free from such banking systems.
I was missed his speech in front of many people. Thank you for that ❤️

There are always three stages to prevail the success that includes, 1st step is all about ( They will mock you ) at second step (They will compete you ) at 3rd step ( you will get triumph). Basically the bankers are hitting the crypto world and have reached at step 2 ( competing phase). often i read different news that this bank is going to put a petition against BTC and it's business. They ( Bankers ) are doing so because they re afraid of the power of the Digital currency. Digital currency is exposing their flaws at a very high level and they are being exposed badly in recent past. This is also an admitted fact that future belongs to #Cryptocurrency without any doubt. For example look at the unstoppable storm of newbies on Steemit.

None can resist the evolution of crypto world which is about to come and we all are gonna witness it, mark my words ;)

I am so happy that you are working brilliantly to inspire many innocent investors and letting them know the right path to invest, Appreciated the Brain of Steemit aka Stephen <3

@stephenkendal the video is pure fact, but while the government and banks are in each others pockets nothing will change until people like us steemians do something about it.
After listening to @starkerz webinar I have no faith in banking one bit. It is like you guys are saying toast and it is about time something happened to stop it all.
My mum told me when I was a wee lad we don't borrow from Peter to pay Paul and I try to live by this.
After finding steemit and steem and talking to you guys my way of thinking has changed. I am all for cryptocurrency.

Nice post up-voted and resteemed.

Fractional reserve lending was first practiced a long time ago. Before banks, people who had gold (jewelry, ingots) could take it to the blacksmith who could melt it down to usable pieces for trade. Some people wanted to keep their gold in the safe keeping of the blacksmith. The blacksmith would give a receipt for the gold. People would trade their receipts for goods with others in the town. The blacksmith realized this and soon after started making receipts for gold not there. The towns people found out, he was killed for thievery.
In 1913 the Federal Reserve Act was passed by Woodrow Wilson. His chief advisor was a man named Edward House. House is responsible for the creation of the Council on Foreign Relations. House is the man who steered the country to where we are now. The central banks have most Americans slaving away for the almighty dollar, while at the same time most Americans do not know the usury attached to the dollar.
Some good books to read to get yourself informed of this situation are:
Behold A Pale Horse, William Cooper
Fruit From The Poisinous Tree, Melvin Stamper

The knowledge is out there, but you have to throw away all that you have been taught, swallow your pride and learn of the real history.

Nice to Steem you @markzuckerbergs, and thanks for the bibliographical references ! I'll much appreciate posts like this in the future SteemCyclopedia :-)

Another prominent contributor in building nowaday's fraudulent currency system was John Law, Finance Minister under the French Regent, who in 1615 invented "printed money" (the blacksmith's receipts you mention, generalized at the scale of a country), forcing all France inhabitants to convert their silver and gold coins to that monkey money.

You are right @stephenkendal in the future we might not need central bank to regulate our currency market due to dynamic development of cryptocurrency and Blockchain market...
There is not doubt that central bank is being corned and the control of economy is coming in the hand of individual...This is changing the scenario of financial states which will leads to dependent on cryptocurrency and we will not rely on banking system which continionsly has taken advantage of poor people.
Thanks @inventingroup...!!Thanks for very useful information and truthful too

The banking system is scam,big scam. In my place in africa, its worse. They behave as if they own your money, they are already scared of what cryptos will do to them, and am pretty sure they wont escape.

In your article you said it will expose the flaws of the bankong system, well, i feel ots already exposing it. I love what the crypto system is doing!

Cheers to this great article, i enjoyed it.

Yours truly loved

@iconnelly!

The system of blockchain is made for the easiness of any individual, who is going to be a part of it, actually it designed to realize the false system of the bank, that now your time is finish.
however the blockchain become emerged a true source to help the individual who is totally depressed with this debt system, every passing day the popularity of blockchin getting more influence on the old system of finance, which is now at the verge of disintegration.
Thanks #stephenkendal your way of explanation realized us, what are actually going on in the financial system,
Keep sharing such stuff, that indeed, helpful and encourage us toward more prosperity.
Thanks a lot...
Steem On...

if there is financial crisis it's maybe can be problem also for the cryptography or on the investor financial crisis also get less flow of cash and the financial problems... it's very true the banking system is full scam they just take profit with us and give in returns very less which is low then anyone can expect hope all scams will be solve and there will be no scam in any financial systems... thank you for the information @stephenkendal

The Global Financial System is being held together by nothing more than a toxic combination of: Debt, Derivatives, Failed Monetary Policies and Stimulus and is on the brink of a catastrophic implosion of Epic Proportion..!!

The fact that the whole banking system is being controlled by a selected few makes it manipulative. We accept just whatever they tell us as we have no control whatsoever over the system.

The decentralized system of cryptocurrency is revealing a lot of this illegalities. We can't wait to see these fully unfold.

Ofcouse the fractional banking system is a big fraud. This is coming as no surprise to me at all.

You stach your money in the bank and they keep taking from it instead of giving you interest for saving with them and for putting food on their table . Crypto currency is about to expose them and when it does, the outcome is going to be overly devastating I must say.

It will be #Blockchain, Cryptocurrencies and the Distributed Ledger Technology that will expose the flaws of Central Banking and when they do, rest assure, there will not be any Government of Central Bank in the World big enough to stop it.

They ain't seen nothing yet. Crypto which they are fighting now will definitely take the world by storm and kick them out.

well said @stephenkendal The whole Banking System is a scam - Godfrey Bloom MEP. The Fractional Banking Experiment will soon be exposed and I am also afraid that the results will be very harsh and get many problems with is it...

banking systems always been playing with the investor's and the customers.. it's hard to expose the banking systems scam maybe this one will really work out and gets good results which is suitable for everyone...

Did you read the news about how bank of america is scary about the progress of crypto world? so cryptos are giving the power to people and we will fight in favor this new technology. Regards

Thanks for sharing your analysis, @stephenkendal! But why don't we simply say: "Where we're going, we won't need any bank!"? (and not only "Central banks") :-)

Yes there secrete is exposing gradually, due to emerged of cryptocurrencies, fractional Bank have scam a lot of people, if all our is digitalized that will be the end of fractional bank, Godfrey Bloom MEP speech have cleared the air.

Well this is a critic issue in cryptocurrency world banking System is a scam. Hopefully we will see a new change in cryptocurrency market, it's financial crisis problem in banks. I hear about a lot central banking get wrongthing in this system and scammed everyone now a days. You are truely said in this post now a days we faced these problems. Blockchain technology is goes in tis situation
thankyOu for giving informatiOn, Sir @stephenkendal.

I may suggest, Islamic Financial System, providing equal rights to all, without fear of paying Interests, and no rich-oriented businesses floushies.

Central banks, as our data shows, are actively testing blockchain technology for a variety of different use cases, everything from new central bank digital currencies, new payment systems, to records management - having some kind of audit trail for certain functions and so on.
There's actually a long list of things central banks are looking at blockchains to do. There's a number of advantages, potentially, to central banks by incorporating blockchains. Probably the most significant is the resilience of the blockchain technology. The fact that bitcoin has been operating for just about nine years now and has suffered not a nanosecond of downtime is quite compelling, I mean, not very many large IT systems today can claim the kind of uptime that bitcoin claims.
If you're a central bank providing critical infrastructure - payment systems, thinking about maybe moving away from physical cash to a completely electronic money-based system, having a technology that is resilient and will have zero downtime is actually really important.
We can imagine the kind of chaos that would ensue if we moved to an electronic money system and that system went offline for any significant period of time - days, weeks or more. You would likely see pandemonium in the streets if people can't make payments.
So, blockchain can be quite resilient, it can also be a way to create greater transparency into central banking, more credibility because of the rules a blockchain-based system enforces.
But there are a number of challenges too. There's a concern around the lack of privacy, interestingly, of blockchain technology. Bitcoin's famous for offering high levels of privacy, but actually blockchains leak data, leak information, it's possible to figure out who's doing what on a blockchain system because it's a public record.
So the lack of privacy could be a concern and a hesitation for central banks thinking about blockchain technology.

The Federal Reserve Central Banking system is a complete and total scam unleashed against the people. It's a quasi-government institution operated and controlled by private European banks who distribute fiat currency to our Government at interest

Thank you so much for bringing a light on this topic. I really didn't listen Godfrey speech that is worth to listen. Now people has awareness of Bockchain technology and they consider this blocks technology better than any other else and they are hell true because this thing deserved by the best blockchain platforms who put marvelous efforts to make it happen.

Central banking always sucks a lot at least there should not be a middle bank. Blockchain is independent and it should be free from such banking culprits. They get things wrong and scammed everyone.

I will play the Devil's advocate.

While I agree with everything bad (well truth) said about central bankers, I can't really see them being gone any time soon. They are virtually running/ruling the world. Super rich are hiding behind them. Different country legislators are doing what they are told by these powers that be. They are writing their own laws. That's why when you borrow from them they charge you 10-15 or more interests, but when they borrow from you (savings in banks) they well charge you again with negative interest rates. They are in charge, period.

So, say that whole financial world crashes down. Well, they will have an excuse to bring crypto currency into play, on their terms, their crypto currency, with unlimited printing and charging an interest to force you into spending (and prevent saving) for the sake of economy growth. And politicians will be happy to oblige in the name of economy growth.

Since savings will more or less not be allowed any more by negative interest rates, soon if you will want to buy anything bigger, you will be forced to use loan with high interests. That's their plan and that's why there is war on cash, and no politician seems to care.

Yes thats true that central bank is corner by cryptocurrency blockchain.beccause cryptocurrency blockchain have their own bank that we don’t need any bank account thats why central bank are collapses.. cryptocurrency is great platform that we earn and learn and our money is also save we don’t need any bank..
Thanks for your update @stephenkendal

I think it's the perfect timing to expose the banking systems really because the development of crypto world ico will sure can take a place of banking system and we no more need to be over depending on it ...
because all the financial decisions and the system are over depending so banks are taking advantage of it ..
it's will be better if can get any other options then it will be more reliable and eassy for the investor's it may grow the financial situation of all with equality... great post @stephenkendal

What this man @godfreybloom said amazing and brave things which was a hard and strong slap on the face of the politicians and the government. I didn’t knew banks can loan the money they don’t even have which is called fractional banking and learned a new thing. Politicians and government along with the central bank can do whatever’s they want and scam the innocent tax payers which is heinous. @stephenkindle because of you i learned a very new thing which I think not many people my age knows, this chain of corruption and scam goes above and beyond wow. @promo-steem tag and you @stephenkindle keeps on bringing us lastest news updates and hot burning topics and issues. I am learning soo much from you and it isn’t stopping,you amaze me and ypu are my leader here in cryptoworld cause i know nothing and what i know now is all because of you, @steem-ambassador group is so lucky to have you and thanks for sharing this pressing matter and issue.keep it up never stop.

Great post..Really loved the amazing news about cryptocurrency and that is amazing that over the last 18 months since I have been on #Steemit I have shared a number of slides regarding the future of Central Banking and how in the future Central Banking as we no it will cease to exist..You are an one of the most information giving person in #steemit..And yes blockchain technology is our bank as we can invest our money here and there is no fear of loss or stolen..And yes The Fractional Banking System is a scam and Cryptocurrencies are about to expose in public. Loved all your post of #investor-group and #steem-promo..Thanks for sharing the news and information with us..@stephenkendal

Good to communicate to us about Adhive, I did a light research about it and found out it helps much in advertisements.
Literally when they say" the placement of of the ad with 50 influencers takes as much time as placement with only one.
It makes lots of sense to use Adhive for ad placement.
thanks for giving us a hint about it.

Accoding to my analysis,,, steem price will decline slowly until the end february and will increase in early march... Thanks for your sharing @stephenkendal

Exceptionally elegantly composed and the discourse of the immense sir GodFrey and he is talking truth about focal keeping money tricks. Numerous nations has banks who bolstered or I might want to state jabbing nose in Blockchain monetary standards where they ought not be take a section. Presently individuals got familiarity with such media and they are free from such managing an account frameworks.

Wow that is amazing news..Adhive is great token which has been doing great till now and i think it will have a great future in the crypto world..You have been great in promoting #steemit in #promo-steem..I think it great that steemit is getting popular day day and getting bigger too..Very happy to see the news..@stephenkendal

Resteemed. Thank you for putting light on this topic. I heard GodFre's speech and he is damn true. Now people knows the advantage of using blockchain currencues after knowing the false system of banks. Keep sharing more stuf like this.

great post sir @stephenkendal always found some really useful information in your post and thats really a great news that adhive market and for all the cyrpotcurrency holders and investor and your post is always a sign of success your doing agreat job for this platform of steemit and keep it up and following and glad being on your post siR!

Wow what an amazing post.. Really loved the information on this post.. And yes i agree with you that financial is scam and cryptocurrency is going to reveal it.. steemit is the best and it is going to fail all the banks in the world as we can invest in this cryptocurrency..That is great news for all cryptocurrency in blockchain..Thanks for sharing the information..@stephenkendal

Nice post beautiful presented and explained. detail oriented with nice information. thank you for sharing @stephenkendal sir

That is an great news for all the cryptocurrency that is really good..And #adhive is great token and i think it have great future and yes it has amazing features and you have been always giving us amazing information about cryptocurrency..Thanks for the news..@stephenkendal

it's possibly can be issue likewise for the cryptography or on the speculator money related emergency additionally get less stream of money and the budgetary issues... it's actual the saving money framework is full trick they simply take benefit with us and give in returns less which is low then anybody can expect trust all tricks will be comprehend and there will be no trick in any monetary frameworks... much obliged to you for the data @stephenkendal

Nice post beautiful presented and explained. detail oriented with nice information. thank you for sharing ...

wow...wonderful post and good news for us @stephenkendal . i like your post to much. thanks for sharing important post

Thanks for sharing i will done up vote I always see your post. And follow you

Nice post keep it up sir
U5dsCxAqNwN8ASZ96yoRXMpGCBGtRhX.gif

yes i wish and i pray Cryptocurrencies and the Distributed Ledger Technology exposed all banking system because they don't want to accept it. somewhere else i readout that "Toronto-Dominion Bank is halting the use of its credit cards to buy cryptocurrency as it conducts a review of the "evolving market."

The recent decision follows moves by several U.S. banks to stop allowing credit card purchases of Bitcoin and other cryptocurrencies.

Much obliged to you such a great amount for expediting a light this theme. I truly didn't listen Godfrey discourse that is worth to tune in. Presently individuals has familiarity with Bockchain innovation and they consider this squares innovation superior to some other else and they are damnation genuine on the grounds that this thing merited by the best blockchain stages who put brilliant endeavors to get it going.

What the hell is this?

Yes, this is a picture so exactly >(

👍👍👍

very nice post.Thanks for sharing i will done up vote I always see your post. And follow you

Oh god that will never happen. I'm sure the Rothchilds have an another scam plan.

StephenPKendal Stephen P Kendal tweeted @ 25 Feb 2018 - 11:58 UTC

Whether you like it or not, the Current Financial System WILL COLLAPSE & it WILL be because of #Blockchain Technology!! #DEBT & #DERIVATIVES

StephenPKendal Stephen P Kendal tweeted @ 25 Feb 2018 - 11:55 UTC

People are finally waking up to #Blockchain Technology. Guess they'll only sit up & take notice when the Current System COLLAPSES & it WILL.

Disclaimer: I am just a bot trying to be helpful.

Love the Doc and Marty meme. I hope people are prepared for any contingency.

fantastic & embracing!

@stephenkendal - outstanding post and informational video. I agree that the fractional banking system set up is rigged, not in your favor. But the Bank's favor!! They only have to hold 10% or less of cash reserves, while they "create cash" out of thin air in the form of loans and other devices. They only give you a measly amount if interest, while they lend at 4-19% interest or more! What a bargain- for the Banks... upvoted - resteemed!

Fiat_Money_DumbDumber.jpg

Very informational and useful post. Thanks @stephenkendal

up-vote from @steem-bd community

up-vote from @steem-bd community

This is so bad for Central banks like Godfrey blood analysed five years ago.
It's true because when I look at your achievement in these 18 months on steemit..
True people are joining cryptal when you look at the latest feed on steemit it's people of @25reputation dominating.
Thanks for the analysis

up-vote from @steem-bd community

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