February 27, 2019

Microchips are Being Adopted en-masse in Sweden

Photo: Unsplash

You may have seen some documentaries where people were voluntarily inserting Microchips under their skin, in order to make payments in various stores. In the past, it used to be just a small percentage of the population, probably around a couple of hundred.

But right now more than 4,000 people have decided to make this sci-fi feature a reality and joined the ranks of the Microchip users or the “Cyborgs” that some people call them.

Cash Begone

The payment will be only available in a store that has a Terminal, naturally, which will promote an even wider adaptation of the internet as the Terminal needs to be connected to it somehow. According to the report by Nyecasino.ninja, there are few statistical indicators about the general state of affairs in Sweden, in regards to cash usage.

But there was one, which indicated that there were somewhere around 40% of the population using cash back in 2011. Even by 2011 standards that’s quite a low number. However, a new study showed that in 2018 that 40% decreased to 11%. Therefore an overwhelming majority of the Swedish population currently prefers using digital payments over cash payments.

The same sentiment can be seen in the United States as there are about 70% of the population using cash. Although it is nowhere near the indicators in Sweden, this percentage is slowly decreasing.

Cryptos Time to Shine

Wherever there are digital payments involved, its only natural to hear about cryptocurrencies. And naturally, Sweden is a great fan of everything fintech. Swedish Blockchain professors noted that the country is more than welcome to the adaptation of the new technology, and is quite literate with its usage.

This was also supported by the local Bitcoin ATM company’s announcement saying that there are even more crypto holders in Sweden than any survey can show. They are just utilizing the defining feature of the asset, anonymity.

A marketing representative of one of the bitcoin ATM companies even noted the fact that there are already Swedes that are literally walking around with “bitcoin under their skin”. Currently, they are able to use it for payments on beer and food.

Should the overwhelming majority of Sweden’s population switch to Microchips, it is only natural that they will soon get the wind of cryptocurrencies and add it to their “portfolio”. As for tourists and foreigners, crypto would become an ideal way to integrate into the local society, without having to go through the hassle of exchanging currencies, they would be able to use their bitcoin straight away.

Published at Wed, 27 Feb 2019 13:59:07 +0000

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All Out Political, Economic, And Financial Warfare!

milesfranklin.com / by Andrew Hoffman / Mar 21, 2017

Like it or not, we are living through a major inflectionary point in human history; on more fronts; with more lasting, and dramatic changes than any before it. Yes, there have been hundreds of humanity-altering wars throughout history. However, never have so many people been impacted by current events; as, for example, there are 7.4 billion people today, compared to 2.3 billion at World War II’s onset. And while WWII shaped the culture, economic and monetary, and physical borders for generations; in hindsight, until recently, the post-war Era has been “more of the same.” Only this time, global economic leadership switched from one Western power, the UK, to another, the U.S.; as evidenced by the “reserve currency,” in an increasingly global world, switching from the Pound to the dollar.

Other than the nuclear bomb, which enabled the war to end – technology advancement was not a significant by-product of the war. To that end, the global fiat currency regime that took over for the previous system – i.e, hundreds of privately-managed fiat and/or gold-backed fiefdoms; was hardly a “technological breakthrough.” Frankly, it wasn’t until the computer was invented – and exponentially advanced – six decades, and five billion people later, that the world dramatically changed. Mostly for the better; but as regards technologies’ impact on said fiat regime, it took something inherently bad, and made it a thousand times worse. In practical terms, the equivalent of a financial nuclear bomb, “weaponized” to wreak maximum political, economic, social, and monetary destruction. Which is exactly where we stand today – as for all the technology that went into creating it, the world’s most diabolical “financial rocket scientists” couldn’t figure a way to counteract its fatal, historically hubristic flaw. I.e., no matter how much money printing, market manipulation, and propaganda is applied – using the most advanced financial engineering, high frequency algorithms, and “fake news” sources; fiat money, by nature, is a Ponzi scheme that must – and always has – failed. Only this time, it is doing so on a global scale, after having bankrupted hundreds of nations, thousands of institutions, and billions of individuals.