China likely to launch its own Government Backed digital currency in 2016



http://www.illuminatisilver.com http://www.facebook.com/illuminatisilver China likely to launch its own Government Backed digital currency in 2016 Today in Wednesday 3rd February 2016 and we are discussing the report issued by Bloomberg Business that China is considering launching its own digital currency. The report the details of which to be found in the latest EDITION OF Bitcoin magazine states, and we are going to quote a substantial part of it as it is so eloquently explained: “The People’s Bank of China (PBOC) is studying the prospect of issuing its own digital currency and is aiming to roll out a product as soon as possible. The PBOC, China’s central bank, is persuaded that a state-backed digital currency could reduce capital outflow, money laundering and tax evasion, make economic activity more transparent and improve the efficiency of global transactions. The creation of China’s state digital currency was discussed at a meeting in Beijing, attended by digital fintech experts and high level authorities including PBOC’s Governor and Deputy Governor. The PBOC’s official statement is in Chinese only, but Chinese speakers have confirmed that the automatic translation provided by Google is reasonably accurate and understandable. A research team including experts from Citigroup and Deloitte has been looking into digital currencies since 2014 and has achieved some encouraging initial results. This team is now expected to “set up clear strategic objectives for digital currencies issued by the central bank, and develop key technologies and applications aimed at an early launch of a digital currency issued by the central bank.” Our sources within China not only advise us that this is true but the planning is at such an advanced stage. We expect to see a product being launched before the end of 2016. We are speaking with experts on crypto currency economics to try and assess the ramifications of such an introduction, for without doubt they would certainly be quite profound. Please view our most recent videos: Who really won Iowa - Cruz - No - Trump - No - Rubio - Yes https://youtu.be/SCftCUn2xiY Gold and Silver weekly update for w/e 29th January 2016 - by illuminati silver https://youtu.be/hDrJrr0bPJo Fed January 2016 announcement makes March Interest Rate rise less likely https://youtu.be/nFOa6zo0KAE Remember It's not all about numbers by David Pannizzutti - an illumnati silver subscriber https://youtu.be/lTZSjQP-ROU Why I Buy Silver in 2016 - An American Boomer's Perspective - by an illuminati silver subscriber https://youtu.be/HctayjWa_WU The Functionality of Full Reserve Banking https://youtu.be/U29io8uyI60 Gold and Silver Update w/e 22nd January 2016 by illuminati silver https://youtu.be/mqZQlGCsGAM Illuminati Silver Launches New Face Book Page at www. facebook. com/illuminatisilver https://youtu.be/1OpJr4aZd14 This is Bill - Bill is Smart - Be Like Bill - Support illuminati Silver https://youtu.be/-G6EjOCRXTc illuminati silver - First 110 videos - Part 2 (and even more nice music) https://youtu.be/euXhINcEFas illuminati silver - First 110 videos Part 1 (and some nice music) https://youtu.be/q-et_Iuc_10 Gold and Silver Price Manipulation - Part 5 of 11 - by illuminati Silver https://youtu.be/KpFpSIFC-fc Sarah Palin Backs Donald Trump's Campaign https://youtu.be/mPSnBXilZbg Governor of the Bank of England blames China for continuing UK low interest rates https://youtu.be/JSdFiY69A1E Donald Trump is not banned from Britain – a relieved US Hears Today https://youtu.be/VY-9L0_Knic Will 2016 witness the economic collapse of China? https://youtu.be/20KEYq5uVTM

Comments

  1. Sign up today and see money grow bit by bit https://www.onecoin.eu/signup/Kikkanz
  2. Tiền ảo chi nên sử dụng giữa nhà nước với nhà nước mà thôi.
  3. A government backed digital currency? How is that different from a regular government backed currency used digitally/electronically?
  4. If Illuminati Silver tells the Truth on Silver does that mean everything else is Dodgy ???
    Just a thought..
  5. Digital currency = the mark of the beast. What's the point of stacking gold and silver in a society where no one will be able to buy or sell apart from digital currency?
  6. Chinese digital currency? Nope.
  7. This is becoming scary as our privacy slowly goes down the drain. Stories such as this one cause me to consider over weighting my precious metals investments. As with anything brought down on our heads by big government, remember prohabition, black markets will pop up. Once they have us totally under their thumb, then they can tax us on every transaction we are involved in. No more need to do your taxes at year end, they will just send you a bill, or better yet pull it straight out of your account.
  8. seems they avoiding the real issues and looking for a quick fix. and your people on the inside admit that if they get it wrong the down side dramatically out weighs the good? eerily similar to the housing issue the u.s. had in 2008.
  9. going to a all digital currency, will be embraced by the majority of naive peons in society. They will happily allow themselves to become even more enslaved thru digital currency, because it is convenient for them. No more paper money, or coins needed, just 1 plastic card to do all monetary transactions. This is one more nail in the coffin towards societies enslavement .

    It is coming....TPTB...just have to figure out how to use it to enslave society , while allowing that same digital currency, to allow TPTB, to continue onwards with their bribery, corruption, money laundering, blackmail, etc.

    DIGITAL CURRENCY = ENSLAVEMENT FOR SOCIETY, MORE FREEDOM FOR TPTB.
  10. people need to wake up and move away from nothing backed paper/digi currencies and move towards a solid metal or commodity backed note. I like peoples entrepreneur views of creating wealth from investing early in these varies designs but realistically they are equally doomed from the start as is fiat. so lets skip the bs phase and go back to basics and support the metals of history. all you need to do is look at the stock markets vs the metals there is a reason they hold there ground and thats because its a real physical asset. dont be duped by these temporary fads and whiz kids as soon the markets will be so saturated with 100's of competing crypto's that ultimately can be switched off just as quickly as they switched on.
  11. I just came back to the uk after spending 3 months in the philippines. apart from the big city's and business players which are the minority out there most of the country does not even have atms or debit cards established and many islands and places i visited are strictly a cash society so to set up a form of digi is out of the question when they cant even do it with debit cards. the huge investment by the governments to create it which with the amount of corruption these guys pocket on the deals just would not happen. so for that reason it would not take hold out there. unless you only implemented this law to the business sector however the other people still need to trade so at best you could only have both cash and digi running side by side each with there own benefit.
  12. What happens theoretically to the value of the yuan if this happens?
  13. How interesting!!! First that IS would consider digital currency to be worthy of discussion, and secondly of course that this new "disruptive" idea would be gaining such official momentum around the world. Maybe all those "scifi" movies got it wrong... we wont be using credits... we will be using cryto.
    ... and is that any more of a good thing?? Have we been cursed? "May you live to see interesting times"
  14. CONTROL / TRACKING / SPYING AND DESTRUCTION OF REAL MONEY PERFECT for elites.
    However, once implemented and accepted by the many ignorant of wealth preservation it will be too late, it will ensure enslavement of the masses as digital wealth has zero store value. It, like fiat currencies, ensure the destruction of generational wealth.
    The informed minority need to use these worthless currencies that all return zero and purchase stored value goods with informed timing/ sale

    It is 'amusing' that governments say we need to track money to stop criminality terror etc yet these same interests allow the banks to launder drugs money, illegal oil sales to Turkey etc on a gargantuan scale..... it feathers the nests of many off the book governmental criminal -Black operations, pay off to offcials etc Hypocrisy personified!
  15. Interesting news! I certaily see digital currency as the natural progression from physical currency. Is it not in the best interest of the establishment to support this move thus providing more control?
  16. Yes news like this makes me want to Stack even more...so when Digital...or shito currency...comes around...there will be an underground trading in Gold and Silver...so sick of hearing about our Governments trying to protect us from Drug Dealers...the Boogie Man etc....it all about control...control...con f...ing trol!!! Why doesn't the main stream media ask our fantastic presidential candidates about these types of things????...opps...I forgot middlemen (Presidents) aren't allowed in the room when these things are decided....😏 Keep up the Great vids my friend!
  17. the name of the game is control and enslavement.
    creep-toe currency means capital control and total enslavement.
  18. @Illuminati Silver .Sorry for the spam,I just had to do it.

    I'm gone, have a nice day.
  19. This seems to me to be positive for gold, for two reasons. First, Chinese people wanting to hide their wealth from the government or move it abroad will use gold as a vehicle. Second, once China has this currency they will encourage/coerce/incentivise other asian and middle eastern countries to use it for international trade. In that role, backing it with gold will be an important feature.
  20. I am just old enough to have grown up before the internet and then I came of age when the internet was budding and becoming mainstream. I was amazed at how much good the massive exchange of information was bringing to the world (and still does) but now I am amazed at how much oppression and negative social engineering this digital age is making possible. The years ahead I think will be both interesting and tumultuous, but I also believe the world will come through it better in the end. I think the overarching conspirators and colluders will mostly fail to seize the future in this world transition that we are on the brink of.


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Duration: 6m 47s

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