Prophecy of a Global Currency: Nine of the World’s Largest Banks Joining forces to Make Bitcoin an Industry-Wide “Standard”

In politics, nothing happens by accident. If it happens, you can bet it was planned that way. – Franklin Delano Roosevelt

Nine of the world’s largest investment banks including JP Morgan and Goldman Sachs have partnered with New York-based tech startup R3CEV. The firms are looking to develop common standards using the same technology behind bitcoin.The “blockchain” technology R3CEV is working on underpins the internet-based bitcoin currency.

The controversial “cryptocurrency” doesn’t have a central authority – its security comes from the network of all bitcoin users who share the same protocols, which together act as a distributed ledger to keep track of every transaction. Not having a central authority means that an internet-wide catastrophe would have to occur in order to compromise the integrity of the ledger.

bitcoins_2750487b

The banks collaborating to make use of the blockchain technology in mainstream finance are JP Morgan, Commonwealth Bank of Australia, BBVA, Barclays, Goldman Sachs, UBS, Royal Bank of Scotland, Credit Suisse and State Street. They see it as a way of instantly updating payment ledgers and transferring money without relying on the trust of a central authority.

Many of those in the partnership have independently expressed interest in studying the much-hyped distributed ledger system, but this is the first time that a concerted effort has been made to work it into an industry-wide standard.

“If you’re looking to introduce applications with distributed ledger technologies to improve the financial markets, you can’t have each participant working to a different pattern,” said Christopher Murphy, global co-head of FX, rates and credit at UBS told The Financial Times. “What R3 … [is] doing is bringing a consensus which could establish common standards.”

The partnering institutions will form working groups to develop blockchain prototypes and proofs-of-concept for use within the broader financial industry. R3 has already spent months working with Wall Street on the technology, including hosting industry roundtables and assisting with banks’ internal investigations, according to Coindesk.

R3’s aim is to establish consistent protocols that would create a networking effect, allowing banking information to exist in a network and be verified against the information of counterparties.

“This partnership signals a significant commitment by the banks to collaboratively evaluate and apply this emerging technology to the global financial system. Our bank partners recognize the promise of distributed ledger technologies and their potential to transform financial market technology platforms where standards must be secure, scalable and adaptable,” R3 CEO David Rutter said of the partnership.

The banks are also backing R3 with several million dollars of seed capital, according to The Financial Times.

Rutter said that R3 and its partners would first deciding on what underlying architecture for the technology to operate on, but it has not been decided whether they would be using a bitcoin-type blockchain or another one.

bitcoin-224233_640

Representatives from the collaborating banks said that the partnership helps harmonize the otherwise disorganized development of the technology.

“Right now, you’re seeing significant money and time being spent on exploration of these technologies in a fractured way that lacks the strategic, coordinated vision so critical to timely success. The R3 model is changing the game,” said Kevin Hanley, director of design at Royal Bank of Scotland, according to Coindesk.

The success of this endeavor is largely dependent the sharing of ideas and the overcoming of mutual distrust which rival financial institutions may have. Some banks, such as Barclays and UBS, are developing their own in-house blockchain systems on the side and partnering with other startups, according to The Financial Times.

“You don’t put all your eggs in one basket – you hope one of the bets pays off,” said the chief information officer at one investment bank.

Source: RT

Join us at:  He Is Coming -Are You Ready?

Jesus Christ was born, lived, died, and rose again for the sole purpose of saving us from our sins.  Are you saved?  The bible declares that “For whosoever shall call upon the name of the Lord shall be saved.” – Romans 10:13 (KJV). Salvation is turning your life over to Jesus Christ, believing that Jesus is the son of God, and renewing your mind with his spirit, that is done through repentance of sin, and following JESUS with all your heart, mind and soul. JESUS transforms lives, if you are ready for this life saving step, call upon your savior TODAY! Learn more here

Read More:  Gold and the Mark of the Beast

PROPHECY:

16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.- Revelation 13:16-17 (KJV).

And many shall follow their pernicious ways; by reason of whom the way of truth shall be evil spoken of. And through covetousness shall they with feigned words make merchandise of you: whose judgment now of a long time lingereth not, and their damnation slumbereth not- 2 Peter 2:2-3 (KJV).

While they promise them liberty, they themselves are the servants of corruption: for of whom a man is overcome, of the same is he brought in bondage – 2 Peter 2:19 (KJV).

We are globally abandoning the use of paper money, and shifting rapidly to alternatives like “cryptocurrencies.” Greece is also setting up 1,000 Bitcoin ATM’s.   We need to take notice of this event as it is in fact paving the way for the Mark of the Beast and a globally controlled currency system- The ANTI-CHRIST system that John warned us about in Revelation 13.

But the big question is, WHY BITCOINS?   On the surface, Bitcoins appears to be a reasonable alternative to a cash crisis, especially after what Greece just fell prey to.  But as you begin to dig deeper, Bitcoins by design, is doomed for failure. Why you ask?  There are several key flaws in the Bitcoins system, passwords, identity of users, there are never any transaction posting times listed, and there is a complicated behind the scenes process. Not to mention, if a user forgets their password, it results in a permanent loss of their Bitcoins, just to name a few of the items. There is a great video put together by Storm Clouds Gatherings’ Aaron Hawkins that details the issues with Bitcoins and other crptocurrencies, It is well worth the 3:22 minutes of your time,  if you are interested!

When we compare Bitcoins to the Antichrist system, Bitcoins provides everything that the Antichrist system would be opposed to, anonymity and lack of tracing, instead of using the person’s name, it uses a unique identifier, and it is not backed by a world currency. Which means, that in the event of a currency collapse or when there is a decrease or increase in exchange rates, Bitcoins is immune, and the value remains the same. Just like Bitcoins, the “Antichrist currency” will most definitely use a unique numerical identifier. However, the AntiChrist system will definitely want to do away with the anonymous user thingy, you know for “control” of who is allowed to buy and sell.  Another video on how Bitcoins works is a good starting point for those who want to understand Bitcoins.

So, my thinking is that Bitcoins is destined and doomed for failure on purpose!  I think it primarily serves the purpose of getting people used to “alternative currencies.”

As we all know, there will one day be a “global currency.”   We are emerging as a near cashless society already, things like the credit card, internet transactions, mobile pay, etc, are all setting the trend for the bigger goal, and that is currently underway, to do away with physical paper currency all together.  It could very well be that our global leaders are purposefully waiting for Bitcoins to fail, to usher in an even bigger alternative that will indeed be linked to the Mark of the Beast. The cycle of crisis always speaks for itself. Catastrophe, crisis, total chaos, and then the government swoops in and “offers an alternative.”  We can all agree, that immediately following a major crisis, that is usually drummed up by the global leaders, is when we begin seeing systematic changes and bringing in the next new bombshell. Slowly eroding away the old way of doing things…

As we have seen in major headlines, the dropping value of the Chinese Yuan threatens a “global currency war.” I hardly doubt any of this is coincidence.  There is more than enough reasonable evidence to speculate where this is all headed-a global monetary collapse, which will eventually do away with paper money. The Chinese Yuan is the perfect storm needed for a collapse of the physical dollar, and then replace it with an alternative like Bitcoins. While I am sure they already have an antichrist global tracking system currency in mind, it might be too premature to introduce it.  But, Bitcoins seems to be the intermittent alternative, at least for a while, and Greece may very well be the starting point of what is to come on a global level.

Hopefully you are starting to see how the stage is being set for the coming of the Antichrist global currency.

In the Faithful Service of Jesus Christ, 

Lisa Muhar

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s