Gold, Dollar, USA and the World: A new Global Financial System Ahead? J.D. Vance and Trump fundamentally changing the US toward Multipolarity?

Yes, the Fugger family were sort of the Medici of Germany - though I think both are officially not that rich anymore.

Personally, I don't know what the point of Ripple or XRP is anyway. It is a centrally controlled payment network similar to Paypal and many others. They do have a crypto token, unlike Paypal, but this token seems to be just for meaningless speculation since it is not a share of the company or anything like that.

I think CBDCs or even the "stablecoins" are more likely to gain prominence than the XRP payment system and its token. Though there is a lot of hype around XRP being included in the US "strategic crypto reserve".

This video gives is a very good explanation of current and potential use case and value of XRP

 
This video gives is a very good explanation of current and potential use case and value of XRP

This is basically a promotional video and not a balanced examination of XRP at all. They completely ignore all the other ways to do what XRP does (stablecoins, CBDCs, cryptocurrencies other than Bitcoin).

Plus, while somewhat slower than the above, companies like Paypal, Remitly and so on are also offering existing solutions to faster cross-border payments than the banks. That video pretends as if they do not exist and that the only alternative are transfers between banks.

Here is a summary of that video:

Understanding XRP: The Future of Global Payments

XRP, developed by Ripple, is a digital asset designed to facilitate real-time cross-border payments between banks and financial institutions. By leveraging blockchain technology, XRP aims to reduce transaction times and costs, transforming the global payment system. With over 100 banks already on board, Ripple is poised to revolutionize how money moves across borders, addressing the inefficiencies of traditional banking systems.

In the world of cryptocurrency, XRP stands out not just as a digital currency but as a pivotal technology aimed at transforming the global payment landscape. This video delves into what XRP is, how it functions, and its potential impact on the financial sector.

## What is XRP?

XRP is a digital asset created by Ripple, a technology company that provides blockchain solutions to banks and financial institutions. Unlike traditional cryptocurrencies, XRP is not merely a currency; it serves as a bridge currency for facilitating real-time settlements between banks. This innovative approach aims to streamline the process of transferring money across borders, making it faster and more efficient.

## The Role of Ripple in Banking

Ripple's primary mission is to enhance the efficiency of global payments. Currently, if a bank like Morgan wants to send $10,000 to London, the fastest method involves physically transporting the money. Ripple believes that in the digital age, such transactions should occur instantly, akin to streaming video from the internet.

### Blockchain Technology for Real-Time Settlements

Ripple sells its blockchain technology to banks and payment providers, enabling them to settle transactions in real-time. This technology eliminates the need for multiple intermediaries, reducing friction in the payment process. By allowing direct transactions between banks, Ripple aims to democratize global payments and reduce costs associated with traditional banking methods.

## The Growing Adoption of Ripple

As of now, Ripple has partnered with over 100 banks worldwide, including major financial institutions like JP Morgan and Citibank. These banks recognize the potential for significant cost savings and efficiency improvements in their payment processes. The excitement surrounding Ripple's technology stems from its ability to transform the global payment system, which has long been bogged down by inefficiencies.

### The Value Proposition of XRP

The value of XRP is intrinsically linked to its utility. The digital asset is designed to address liquidity needs between banks, with an estimated $7 trillion parked in various banks globally for payment settlements. XRP can facilitate these transactions in approximately three seconds, a stark contrast to the lengthy processes associated with traditional currencies.

## Ripple vs. Bitcoin: A Comparison

Ripple's CEO, Brad Garlinghouse, has drawn parallels between Ripple and Bitcoin, suggesting that while Bitcoin was the first to digitize assets, it may not be the ultimate solution for all financial problems. He likens Bitcoin to Napster, which revolutionized music sharing but ultimately faced legal challenges. In contrast, Ripple aims to solve real-world problems at scale, positioning itself as a more practical solution for financial institutions.

## The Future of XRP and Global Payments

Ripple is not just targeting banks; it also aims to serve payment providers and corporations looking to enhance their cross-border transaction capabilities. The technology allows users to convert currencies quickly and efficiently, significantly reducing transaction costs and times.

### Regulatory Landscape and Volatility Concerns

One of the challenges facing XRP is regulatory uncertainty. Different countries have varying approaches to cryptocurrency regulation, which can create confusion. However, Ripple has actively engaged with regulators to clarify how XRP transactions work within existing frameworks. Additionally, while XRP has experienced volatility, its transaction speed mitigates the risks associated with price fluctuations, as the asset is only held for a brief period during transactions.

## Conclusion

XRP represents a significant advancement in the realm of digital assets and global payments. With its focus on solving real problems for financial institutions, Ripple is poised to revolutionize how money is transferred across borders. As the company continues to grow and innovate, the future of XRP looks promising, with the potential to reshape the financial landscape for years to come.

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Generated by Galaxy.ai YouTube Summarizer
 
This is basically a promotional video and not a balanced examination of XRP at all. They completely ignore all the other ways to do what XRP does (stablecoins, CBDCs, cryptocurrencies other than Bitcoin).
I agree it is a self promotional video and it doesn't cover the whole picture, both positive and negative side.

Plus, while somewhat slower than the above, companies like Paypal, Remitly and so on are also offering existing solutions to faster cross-border payments than the banks. That video pretends as if they do not exist and that the only alternative are transfers between banks.
Yes but not nearly as efficiently as RippleNet does. I've used XRP to send money to countries like Philippines, where the only other option would be using Paypal or Remitly for much higher fee and with various limitations involved. Any dollar value of XRP can be sent to such country for a less than a dollar fee and it is received by the other party in seconds. Paypal for example has a 4€ senders fee for each transaction, no matter the amount that's being sent.

Also SEC's lawsuit against Ripple seems like it's gonna be finished soon and XRP to be deemed not a security, which would be a huge step towards Ripple and XRP being given a green light by the current system so to speak, and deemed regulated/fit to use, OSIT.

Also, none of those companies like Paypal and Remitly, nor the stablecoins or CBDCs, are designed to be bridge currencies, and that is where XRP's biggest potential is IMO. Connecting/being a bridge between any payment system, bank, CBDC, crypto, stablecoin, and even gold itself. And if there are other cryptocurrencies who are designed to be able to do what XRP and RippleNet are able to do, none of them are nowhere near to real world adoption as XRP is due to having backing of the company Ripple which was making various partnerships with banks and payment providers across the world like it's said in the video, and now even has the meetings and backing of the US president who openly stated that XRP will be included in the US cryptocurrency reserve.

And most of all, none of those other cryptocurrencies have had a dragged on public lawsuit by the SEC that lasted since December of 2020. and like I said might soon be given a regulatory green light so to speak, and what a coincidence that it is about to happen just as the president of the US himself has started openly backing it, while at the same time we are seeing the first signs of the restructuring of the global economy and rumors about return to a gold backed system. A gold back system which would be suiting to a new type of world that we live in, multipolar and digital.

And what is the technology that is able to facilitate that kind of system, digitally bridging/connecting different currencies and even gold itself. What technology's company's backers had the biggest crypto SEC lawsuit against, and dragged on for years during Biden's administration, only to now start to be openly supported by Trump's administration (america first, american crypto companies first, and Ripple and XRP are) near to the court case completion, and likely be given regulatory green light.

It looks like the writing is on the wall so to speak. And I believe it is all just part of a grand show and was planned long ago, and now pieces are being put in to place like magic or by coincidence. But there is no such thing as coincidence. But ofc I'm just sharing the opinion I have, that's based on what I see.
 
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Yes but not nearly as efficiently as RippleNet does. I've used XRP to send money to countries like Philippines, where the only other option would be using Paypal or Remitly for much higher fee and with various limitations involved. Any dollar value of XRP can be sent to such country for a less than a dollar fee and it is received by the other party in seconds. Paypal for example has a 4€ senders fee for each transaction, no matter the amount that's being sent.
Sending money with XRP or any other crypto is usually not that cheap overall, if you include all the fees for buying XRP with your national currency and then the receiver converting XRP into their national currency. Here in Paraguay the cheapest option costs 3% of the total value converted from crypto into cash.

And it takes time to convert into and from crypto - it is not just about the few seconds for the crypto transfer itself.

In that regard something like Paypal or Remitly is still much cheaper. Sending dollars from the US to Paraguay with Remitly for example costs only $5 and nothing more.

Also, none of those companies like Paypal and Remitly, nor the stablecoins or CBDCs, are designed to be bridge currencies, and that is where XRP's biggest potential is IMO. Connecting/being a bridge between any payment system, bank, CBDC, crypto, stablecoin, and even gold itself.
That may indeed be what sets XRP apart, even though there is no reason why banks would use XRP as a 'bridge' instead of using stablecoins or CBDCs directly. So I would say that this is only a tenuous potential benefit of XRP that is not at all guaranteed to hold.
 
Sending money with XRP or any other crypto is usually not that cheap overall, if you include all the fees for buying XRP with your national currency and then the receiver converting XRP into their national currency. Here in Paraguay the cheapest option costs 3% of the total value converted from crypto into cash.

And it takes time to convert into and from crypto - it is not just about the few seconds for the crypto transfer itself.

In that regard something like Paypal or Remitly is still much cheaper. Sending dollars from the US to Paraguay with Remitly for example costs only $5 and nothing more.

Yes buying and selling is a current reality/a bit of an issue. It's around 5% after buying and selling and with less than half a dollar fee of selling it is still a cheaper method for sending small amounts of money, math is clear on that. If you send 20$ with your Remitly example you lose 5$ and the receiver gets 15$, with XRP if you send 20$ you'd lose 1$ on conversions for buying and selling and not even a 0.5$ for transfer fee, depending which provider or exchange you use, so the receiver would receive 18.5$. that's 3.5$ more even with the current issue of having to buy and sell XRP on the exchanges. As you can see this kind of payment technology could have beneficial effect for people who live in poorer countries, at least in theory. So it doesn't have to be all bad. Everything is just a tool and it depends on the user and on the people in control and what it's used for.

March 7th will be first crypto summit hosted by the president Trump

Interesting take on the strategic crypto reserve and the announced crypto summit from 4:20 to 9:10 in the video



I believe they're talking on the 7th of March at some kind of crypto summit and potentially we are going to see the announcement of a legitimate crypto strategic reserve and that's right crypto not just Bitcoin we're also talking about ethereum and xrp solana and cardano also being named in this post from Donald Trump, and I can see the knee-jerk reaction amongst the Bitcoin Maxis a lot of people think I'm a maxi but I'm actually not this is a real Maxi reaction right here only Bitcoin belongs in the Strategic reserve and whilst I kind of agree with this yes it's true I think it's my opinion that from a sound money standpoint we only really would need Bitcoin in the Strategic Reserve I also think it's true only having Bitcoin would actually be better for Humanity but remember there's a good reason these new world order coins are also included in the Strategic reserve and that's because cbdcs are coming in one form or another that's been the plan all along and I know a lot of people's new God figure new father figure new pseudo Father Figure DT has promised you that cbdcs aren't coming but at the same time as this man said there will be no cbdc he has just demonstrated to the world he just put it on front and center for everyone to see that nothing about the Strategic Reserve is in the interest of humanity nor sound money.

We're being fed this narrative that no cbdcs are coming because your new hero promised you it right well simultaneously they're adding the bridges for said cbdc and the networks they will run on into the Strategic reserve. Some of these altcoins as well that are going to be included in this basket are specifically designed for digital IDs and social credit scores right. Xrp is probably going to be one of these big bridge currency things that Bridges all of the assets between each other. Ethereum they're going to run some of the cbdcs on and probably some of the stable coins. ADA everyone knows for years is social credit scores for kids okay if you just don't know about that then you didn't do sufficient research on what you hold and you can just type that in ADA or cardano social credit scores for kids and watch that on YouTube there plent a people that have covered it in detail they're probably going to add HBAR and a couple of other ISO coins into here as well which are specifically designed for digital IDs so inside of this basket for the Strategic Reserve we've got Bitcoin yes which is great but we've also got the rails in which we can build cbdcs and stable coins that although they don't identify as cbdcs are essentially the same thing we're also adding the bridge for all these cbdcs and liquidity portals and all of this kind of thing and we're adding the social credit scores and the digital ID system all inside of a strategic Reserve.

So this whole thing again just stinks to me of a rat in the system it stinks to me of saying one thing and doing another if your new hero right your new savior DT had your best interest at heart and really wanted to fix the problem do you really think he'd add in a basket of these currencies and again do not be lazy and call me a maxi here cuz it's not about being a maxi I won't say much but if you know you know right and I know a lot of you do know what I'm talking about here when I say I'm not a maxi and hold my cursor right here but the absolute reality is you are being intellectually dishonest if you believe these sorts of currencies or cryptos whatever you want to call them are in the interest of humanity right we we just have to be honest it doesn't mean you can't hold them it doesn't mean they're probably not going to pump doesn't mean that we don't want more Fiat and to be part of what is essentially inevitable from some people's perspective it's not a judgment call if you hold these kind of things and you're making gains on them right we're all here to make gains that's fine but again

I've been saying this for a while and people often push back you know they're like oh you've got it wrong about this guy and you got it wrong about Elon and blah blah blah and maybe I have I'm just far too paranoid and I think if we start to look they've made their intentions very clear here right this is really not about Bitcoin this is really not about strategic Bitcoin Reserve this is about the same thing it's been about since before the c19 era which was increasing totalitarian control decreasing privacy and freedom and doing it all in the name of protecting us and saving the world and making things great again I know a lot of you are going to Flame me for this and a lot of people get really upset when I bad mouth your new God or your new pseudo father figure but I mean how else do you justify this this guy is pumping and dump in mean coins this whole thing served as a pump and dump his son's like buy Bitcoin you're welcome and then loads of people get wrecked okay granted they get wrecked because they don't know how to manage risk they're putting too much leverage on they're fomo buying the top with no strategy

I understand that right but is it responsible for these kind of people in these kind of positions to be pumping and dumping and naming individual cryptos I don't think it is necessarily but the pony show must go on and in either case it seems like regardless of the price action you know Bitcoin eth xrp sol ada if they're all going into a strategic Reserve basket if there is any element of truth to this at all and it seems that there is then perhaps they have just signaled to the world which ones the chosen ones really are but again I still caution people against thinking that the future is bright for everyone when they are quite clearly building a strategic Reserve that is going to have far more tyranny and control than the current system which already is very tyrannical unfair and corrupt so like it orpet okay we are turbocharging our way to handing this industry over to the very people we were trying to separate money from which I think there's a beautiful and poetic irony there.
 
A practical, common sense report on the present economic situation reported by Robert Burns. Trumps tariffs with implications for India, China, Russia and potential for it all to backfire on the US economy. The problem of China controlling rare earth minerals and how this is being used for their advantage. Importance of lowering the interest rates by the Fed and the housing market is collapsing. Tariffs being used for political pressure tactics. Presented for the lay person without the complexities of economic jargon.

 
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I'm keeping a rather close eye on J.D. Vance ever since I was made aware of him, and especially after he got into the position of the vice president of the US. As said in other posts, I was considering him as a potentially pretty interesting wild card, and that hasn't changed. Throughout that time right until after I watched parts of his memorial on Charlie Kirks show after he was assassinated, I kept switching back and forth in my assessment of him in terms of the likelihood that he is the real deal in a good sense or not. I kept switching back and for going slightly under 50 or above 50 percent in terms of the chances in my estimation. Yesterday I watched Tucker Carl memorial of Kirk on Kirks Show and I found what he and they guys said about J.D. Vance pretty interesting. First they talk about Erika Kirk, and the video starts at that point:


I recommend watching the above and pay attention to what Tucker and the others are saying about Vance. So here I am after having followed what Vance has been saying and doing rather closely, and I'm at a point now where I'm willing to bet on the following: J.D. Vance is the real deal and I think it could get very interesting if he becomes the next president, which by all indications looks like it is very likely! It should be noted that I'm aware of the funding he has received from people like Peter Thiel and also that on the surface it isn't easy to tell if he is just another snake oils person, BUT it should be noted: He is in the midst of a system of probably the most powerful empire of lies and corruption in known history, so by definition, if you should be a good guy trying to make a difference by aiming for the highest official position within that empire, it should go without saying that you probably need and have to walk a very delicate, difficult and strategic road. Remember Caesar. It is likely in such a system, if you are good and want to make such a difference, that you will need to work with money and "endorsement" from rather questionable people while you might need to develop a rather cunning facade.

I will keep the option open though that this is not true, and he is for example a mole for "the deep state", but from all I have seen by now I would bet pretty much on the exact opposite. I could be wrong though. Here are some of the signs that have led me towards that preliminary “conclusion“:

- Vance famous speech last year in Europe, which I think he himself likely wrote.

- Vance reaction towards Zelenskyy in the White House the first time he was there. In significant ways, I think what went down there was how Vance reacted to that clown, which is something he wouldn't have needed to do and probably any mole wouldn't have done, especially in that way. I think it was probably a heartfelt thing, and Vance just sort of had enough and said the obvious to that puppet in front of the world.

- Vance connection to Charlie Kirk and what he wrote and said about him after he was killed. Kirk was the primary player that got Vance into the White House, I think. Vance was going as far as being the guy that was carrying Kirks coffin.

- By all indications (above anyone else in the political sphere) Charlie Kirk loved J.D. Vance and if you have watched the above video with Tucker, Kirk was saying, as long as there is J.D. Vance, that he doesn't have to consider becoming president, rather clearly implying that Vance is the guy and as long as he is in charge there is no need for him to do it since Vance is doing a better job.

- People like Tucker sometimes ambiguously and often quite openly are vouching for Vance by essentially saying that he is a rather unique and trustworthy character. Yes, we know that for example Tucker is not that aware of Psychopathy and how people like himself, without that knowledge, can be fooled by them. Yet Tucker surely has developed some kind of nose and taste for evil/sneaky people because he has "been friends" and in close contact with many of them. So I think Tucker could have developed some hard-earned nose for smelling people like that. So I tend to believe that when he is vouching for someone, it might very well be because that person is indeed decent and trustworthy.

- Vance and Kirk seem to have been close friends and allies.

- As mentioned elsewhere, even before Trump got president, it was clear that ordinary people like Vance quite a bit more than Trump. Look at how he was and is received in MAGA crowds. They cheer for him more than for anyone else. That is, maybe besides Kirk, whom they have killed now.

- Vance decided in the first memorial show of Kirk to put Tucker Carlson on air, and Tucker addressed Israel there.

- Vance final words in Kirks Memorial speech not only say that he can't promise that other Americans will not meet Charlies fate, but that he can't promise that he himself will not meet that fate either while saying the following, which is very powerful IMO. And I bet my ass off that Vance knows full well the role of Mossad/CIA and Co. and that they killed Kirk and others.:

"...But you have a role too. Civil society, Charlie understood this well, is not just something that flows from the government. It flows from each and every one of us. It flows from all of us. So when you see someone celebrating Charlie's murder, call them out in hell. Call their employer. We don't believe in political violence, but we do believe in civility. And there is no civility in the celebration of political assassination. Get involved. Get involved. Get involved. It's the best way to honor Charlie's legacy. Start a chapter of TPUSA or get involved in the one that already exists. If you're older, volunteer for your local party. Write an op-ed in your local paper. Run for office. I can't promise you this is going to be easy. I can't promise you that all of us will avoid Charlie's fate. Can't promise you that I will avoid Charlie's fate, but the way to honor him is to shine the light of truth like a torch in the very darkest places. Go do it! We owe it to our friend to ensure that his killer is not just prosecuted, but punished. And the worst punishment is not the death penalty, but the knowledge that Charlie's mission continues after he's gone. St. Paul tells us in the book of Ephesians to put on the full armor of God. Let all of us put on that armor and commit ourselves to that cause for which Charlie gave his life to rebuild a united state of America and to do it by telling the truth."

J.D. Vance
 
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So here I am after having followed what Vance has been saying and doing rather closely, and I'm at a point now where I'm willing to bet on the following: J.D. Vance is the real deal and I think it could get very interesting if he becomes the next president, which by all indications looks like it is very likely!
Here is a recent counterpoint:

JD Vance "doesn't give a shit" if the extrajudicial killing of whoever was on that Venezuelan boat is a war crime.


Then he goes on to joke that he wouldn't go fishing in that area of the world right now:


Even Rand Paul criticized this comment as despicable.
 
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