7-14-19

Subject: Healing The World

From: "The Office of Poofness" <2goforth@humanus.ca>

Date: Sun, July 14, 2019 7:20 pm

ZAP SAYS

 

HI ALL,

IN WORLD NEWS, THE PLANET IS STILL SPINNING AS IT DID FOR THE PAST WHILE. THERE IS RAIN, SUNSHINE AND WIND. THE GRASS IS GREEN AND THE DESERTS ARE HOT. THERE IS ICE AT THE POLES. AT NIGHT, IT IS DARK, REMAINING DARK WITH WIDELY SCATTERED LIGHT IN THE MORNING.

POLITICIANS STILL RAMBLE ON, OPPOSITION PARTIES STILL COMPLAIN, AND TRILLIONS ARE SPENT IN WASTEFUL THINGS.

RUMORS OF IMPENDING CHANGES ABOUND, GURUS STILL RAKE IN THE DOUGH, AND PEOPLE HANG THEIR HOPES ON RUMOR AND CONTINUE SUFFERING (IF THEY QUIT THE DAY JOB).

NOT MUCH HAS CHANGED IN THE LAST WHILE AS THE CHANGES ARE READIED FOR DEPLOYMENT IN FULL FORCE.

THE ONE THING THAT IS SIGNIFICANT IS THE NEW LIBRA CURRENCY THAT FACEBOOK INITIATED, AND GOT A WHOLE BUNCH OF FOUNDERS COMPRISED OF GIANTS TO COME IN AND HELP MAKE IT A REALITY. THE BUSINESS MODEL IS QUITE CLEVER. FACEBOOK HAS MORE THAT 30% ATTENTION OF THE GLOBAL POPULATION, AND ADVERTISERS PAY THROUGH THE NOSE TO PUT THEIR ADS OUT. WITH LIBRA, ADVERTISERS WILL BENEFIT MORE, AND FACEBOOK WILL AT LEAST DOUBLE THEIR EARNINGS FROM CURRENCY SERVICE CHARGES. BRILLIANT.

THE LIBRA CURRENCY IS THE USURPER TO THE THRONE OF THE USD AND OTHER CURRENCIES AS IT IS A MELD OF CRYPTO BACKED BY REAL ASSETS AND WILL MAINTAIN A 1:1 RATION UNLIKE THE FIAT CRYPOTOS OUT THERE INCLUDING BITCON. CRYPTOS WILL EVENTUALLY COLLAPSE AND HARD VIS-À-VIS A REAL ASSET BACKED MODIFIED CRYPTO.

THE FINANCIAL SYSTEMS OF THE WORLD ARE IN FOR SOME INTERESTING TIMES WITH THIS DEVELOPMENT AND IT WILL GET EVEN MORE INTERESTING WITH THE LEGAL CHALLENGES TO THIS MASSIVE MONOPOLY IN THE MAKING.

DOES ALL THIS AFFECT US? NOPE. SINCE WE ARE A SIMPLE SERVICE ORIENTED EFFORT THAT ACCEPTS WHATEVER FUNDING IS AVAILABLE FOR PROJECTS, IT MAKES NO DIFFERENCE TO US IF WE GET THIS FUNDING IN USD, RUPEES, LIBRA, OR BEAVER PELTS. AS LONG AS THE FUNDING WE GET IS ACCEPTABLE TO DO PROJECTS WITH, THAT IS ALL THE CRITERIA WE NEED.

WE HAVE ALREADY STARTED OUR PROCESS IN RESPECT OF OUR RELEASE, SO WE SHALL HAVE OFFICES SET UP PRETTY SOON AND GET TO THE WORK AHEAD. AND THE WORLD KEEPS SPINNING, AND THE SUN KEEPS SHINING, AND IT RAINS, AND THE WIND BLOWS.

MISS PHIPPS!…VACATION IS OVER….TIME TO GET TO WORK...

GOD BLESS.

LOVE AND LIGHT

IN OUR SERVICE

ZAP

GOD IS; I AM; WE ARE

BE GOOD, BE LEGAL, TELL TRUTH

JULY 14, 2019

MAKE THE EARTH GREAT AGAIN

MEGA

COPYRIGHT ZAP 2013-2019

 

DID YOU KNOW?

As we look and watch for clues as to when we will actually experience a GCR, gurus and Intel providers aside, events and announcements surface, that in most cases, go relatively unnoticed or their overall impact does not register with the common public. I believe and have mentioned, various happenings that are paramount for the delivery mechanisms for funds to be effectuated.

There are a lot of working parts to this event, in particular was the DLT (Data Ledger Technology) and as of March 31st 2019, it became universally adopted by the banking and financial systems. From the integrations of these technologies, we are witnessing new and improved innovations in I.T. capabilities that will change the world power structures. The advent of the internet and mobile broadband has empowered billions of people globally to have access to the world's knowledge and information, high-fidelity communications, and a wide range of lower-cost, more convenient services.

On June 18, 2019 Facebook delivered their much anticipated White Papers for the new cryptocurrency called “Libra”. The Libra Blockchain is a decentralized, programmable database designed to support a low-volatility cryptocurrency that will have the ability to serve as an efficient medium of exchange for billions of people around the world.

The World population as of the 2017 census is 7.53 billion. Facebook has 2.38 billion monthly active users. So if you do the math, Facebook reaches 31.61 % of the global population on a monthly basis. That’s close to one third of total global population.

What makes Libra unique in its presentation is the fact that it’s backed by a reserve of real assets, including short-term securities from central banks. The assets will be distributed on “custodian” infrastructure located around the world. Money for the reserve will come from people who use Libra and Libra Investment Tokens that are bought by founding members of the nonprofit association. Interest on the assets in the reserve will help cover costs for maintaining the system. Only the association can create or delete Libra currency coins.

Libra will be administered by a non-profit Libra Association based in Geneva, Switzerland, which will ultimately have 100 geographically diverse founding members. No member will be able to represent more than 1% of the vote.

To be a validator, node and founding member, organizations will need to meet technical requirements and specific evaluation criteria. They must meet two of the following criteria. 1) More than $1 Billion USD in market value or more that $500 million USD customer balances. 2) Reach more than 20 million people a year, multi-nationally. 3) Be recognized as an established top 100 leader by third-party association, such as the Fortune 500 and the S&P Global 1200.

Another key factor is the methodology of how to keep the value of the Libra stable. The number of Libra tokens will always correspond exactly to the pool of physical currency backing it. When a user transfers money for Libra, new tokens are created. When they cash out, the token is destroyed. The tokens are pegged to a pool of reserve currencies, which the Libra Association can adjust based on world markets to ensure there aren't volatile swings in Libra's value. Libra won't be tied to any single fiat currency, but will be linked to multiple currencies to prevent volatility.

This is a new global currency, which could meet the daily financial needs of billions of people. An independent cryptocurrency such as Libra gains wide adoption in commerce and becomes more relevant to the global financial system. When Libra is widely used for payments, cross-border payments in particular, it would be able to function like money and accordingly have a large influence on monetary policy, financial stability and the international monetary system. This is a new global currency, which could meet the daily financial needs of billions of people.

For a currency concept like this to be successful, people need to have confidence that they can use Libra and that its value will remain relatively stable over time. The components of this cryptocurrency concept combined with the networking capacity (One third of the global population), a value stabilizing methodology, an extensive marketing program and very deep pockets from the 100 Founders, Libras’ chances for success look pretty good.

The fear of its success has rippled throughout the sovereign communities and they are responding. There are going to be some countries that get really upset when they can’t control their currency anymore and that’s where the real problems start occurring. In order to maintain control of their own currency values, countries are either outlawing the use of cryptocurrency, developing their own crypto script or creating laws to regulate its use.

China’s central bank is reportedly developing its own digital currency in response to Facebook’s Libra as the latter could purportedly pose a risk to the country’s financial system, the South China Morning Post reported on July 8.

Wang Xin, director of the People’s Bank of China (PBoC) research bureau, stated: “If the digital currency is closely associated with the U.S. dollar, it could create a scenario under which sovereign currencies would coexist with U.S. dollar-centric digital currencies. But there would be in essence one boss that is the U.S. dollar and the United States. If so, it would bring a series of economic, financial and even international political consequences.” Libra has introduced a concept that will impact the traditional cross-border business and payment system.”

The chief Chinese administrative authority, the State Council, has approved work to begin with other market participants and institutions on a central bank digital currency.

Bank of England governor Mark Carney stated: “It’s way too expensive to do domestic payments. It’s way too slow, and that hurts consumers and businesses. It stifles innovation, and it’s far too expensive to send money cross-border, and there are huge financial inclusion issues related to that and costs related to that. So, while we are trying to address all these issues, we have to absolutely acknowledge the problem that they’re trying to solve. And if it’s not this, we’d better have some answers for what else it is.”

The FDD (The Foundation for the Defense of Democracies) also identified the following threat:

“When, a U.S. adversary begins to build significant reserves in the cryptocurrency, that state can then use its holdings to gain more influence in the global financial system.”

Venezuela was considering to close mutual trade settlements with Russia using the ruble, as well as Venezuela’s oil-backed Petro digital currency, a controversial project that was first launched in February 2018.

In Iran, purchasing and selling cryptocurrencies is illegal, But Iran believes the United States Congress is working to stop Iran’s access to cryptocurrency mining in an attempt to prevent evasion of sanctions. As a result, Iranian authorities are re-thinking their position and planning to authorize cryptocurrency mining. CBI governor Abdol Hemmati reportedly claimed that the Iranian government has approved some parts of an executive law that would authorize mining of cryptocurrencies.

Zimbabwe. Cryptocurrency trading in Zimbabwe has continued to surge after the government banned the use of foreign currencies on June 24, business news agency Quartz Africa reported on July 10.

Last week, European Central Bank executive board member Benoit Coeure said that financial regulators must act fast to prepare for Facebook’s Libra stable coin.

It has been announced that the United States House Financial Services Committee will be holding a hearing on the social media giant Facebook’s proposed virtual currency, Libra, on July 17. Earlier in July the US Senate Committee Approved the “Blockchain Promotion Act”. The bill moves the U.S. closer to a blockchain definition at the federal level.

The Fed has acknowledged that the prospect of cryptocurrencies coming to replace reserve currencies is a realization that could see the global financial system, and specifically the Federal Reserve System, profoundly transformed. Fed still has significant input into the payment system. But does not have blanket authority over cryptocurrencies.

Sovereigns that have success with blockchain technology in their domestic banking system, to a degree, can integrate its platform into other nations' financial system sectors. An adversary can build significant reserves in cryptocurrencies and then that state can use those holdings to gain more influence in the global financial system.

We have to look at the significance of this activity. A private conglomerate has the capacity to create and deploy a globally accepted currency outside the control of governmental influence. The masses, who actually spend the money of the world, by sheer volume, can take back control from the 'banksters' and regulatory cabal mechanisms. The template of this new cryptocurrency by empowering the masses, will carry the same results for the GCR/RV deployment. There will be much more innovation to come as the world adapts to the I.T. capabilities. Pay attention and be prepared to take advantage as this and more innovations surface.

It is easy to find on google, but if you want a copy of the Libra White Papers I have PDF’ed a copy. Send a request to replytodjpost@gmail.com subject line “White Paper”

Comments are encouraged and appreciated

DJ