Sep 062017
 
By Paul Ebeling on September 6, 2017 China Begins Resetting The World’s Reserve Currency System $GLD, $OIL, $CNY It is a strategic move swapping Crude Oil for Gold, rather than for US Treasuries, which can be printed at will. A report released by the Nikkei Asian Review indicates that China is prepared to release a RMB Yuan denominated Crude Oil futures contract that is convertible, aka backed by physical Gold. The contract will enable China’s largest Crude Oil suppliers to settle Crude Oil sales in RMB Yuan, rather than in USDs, and then convert the RMB Yuan into Gold on exchanges in Hong Kong and Shanghai. This is a significant step in removing the global reserve currency status of USD, and resetting the global economic and geopolitical “landscape.” Over the past several years, China has quietly established RMB Yuan-based currency exchange facilities, which has set up the ability to implement this new non-USD trade settlement financial instrument. According to the Brookings Institute, 34 Central Banks around the world have signed bi-lateral local currency swap agreements with the PBOC (Peoples Bank of China) as of the end of September 2016, including the major Crude Oil-producing countries. With this new contract, China’s largest Crude Oil suppliers will now be able to transact directly with China, and other Crude Oil importing countries, using RMB Yuan which are directly convertible into Gold to settle the trade. This is a mechanism which is likely to appeal to Crude Oil producers that prefer to avoid using USDs, and are not ready to accept that being paid in RMB Yuan for Crude Oil sales to China is a good idea yet. Since Y 1973, OPEC Crude Oil has been quoted and traded using USDs, otherwise known as “Petrodollars.” The “recycling” of petrodollars into US Treasuries has been the life-blood of the US economic and political system. In addition to reducing a major source of funding for the US Government’s enormous deficit spending, the introduction of a Gold-backed RMB Yuan Crude Oil futures contract is an important step toward removing the USD as the world’s reserve currency. More significantly it re-introduces Gold into the global monetary system. As the new Gold-backed “Petroyuan” will allow Crude Oil producers to sell Crude Oil for Gold rather than US Treasuries. Furthermore, it reduces the ability of the US Government to impose its will on the rest of the world. And is a strategic step toward not only ridding the (more…)
Mar 252017
 
Good Day Friends, There are now several thousands of subscribers to my newsletter, Inside GreenFire DAO. A news letter that follows the development of an Industrial blockchain application for landfill mining and landfill Commerce for the "Children of the Landfill", those that are forced by circumstances to "live to survive" on the world's dumps. The security of my subscribers has been threatened, who would of thought that a newsletter about the world's waste would get such a reaction.   That said, I have moved my newsletter hosting to the secure cloud hosting of Markethive, a global inbound social marketing system equipped for serious client security and protection. Follow the link below, click on the facebook icon, say yes and become a member of "Inside GreenFire DAO" group and get a free inbound marketing account to use for your business. Take a quick look, see what is so disturbing and then follow along it does have its advantages. You will get a free cryptocurrency wallet as a member. The page below has a short but informative video about the blockchain and the company we are working with, Infinity-economics. PLEASE JOIN Inside GreenFire DAO Newsletter Join and keep informed on this blockchain development, the pre-ICO and the ICO. If you know why the topic of waste and the reclamation of global waste is resisted so strongly, please advise me. Thank you Share this:FacebookLinkedInTwitterGoogleTumblrPinterestReddit (more…)
Mar 112017
 
GreenFire DAO, Announces A Cryptocurrency Crowdsale for Its GLD gold backed currency, a Landfill Mining Asset Currency The GreenFire DAO project has announced its upcoming crowdsale of GLD cryptocurrency, a gold backed currency for current and future Landfill Mining and “Children of the Landfill” projects. Panama City, Panama – The Panama-based GreenFire DAO studio. GreenFire DAO is launching a crowdsale of its GreenFire DAO (GLD) cryptocurrency. The soon to be launched crowdsale will involve custom gold backed tokens based on the Infinity-Economics’ next generation blockchain. The GLD cryptotokens, sold during the crowdsale will serve as an in-project currency for the landfill mining projects and the “Children of the Landfill” eco-village development. The GLD and the IoT for the projects are developed by GreenFire DAO Studios. Subscribers to GreenFire DAO crowdsale can use the tokens on the Infinity-economics exchanges — a cryptocurrency,universal wallet and exchange. With the GLD cryptotokens, investors will be able to buy the many manufactured items produced by the 3D printing manufacturing included in the “Children of the Landfill” eco-villages. All purchases made on the platform get recorded on the Infinity-economics blockchain, enabling GLD holders to share, trade, sell, register and safely store digital assets. The use of the advanced blockchain by Infinity-economics also allows investors and asset owners to verify their holdings at any time. Assets owned by the investors on GreenFire DAO network are free from third-party intervention. It prevents others from seizing, deleting or modifying the assets or the markets on which they are exchanged. The GreenFire DAO team continues to develop both the current as well as new sub-currencies. All the sub-tokens developed by GreenFire DAO will support and use the native Infinity-economics blockchain and exchanges just as GLD tokens, all will be interchangeable. The GreenFire DAO team will be creating tokens according to the GreenFire DAO asset value on deposit. Presently GreenFire DAO has assets to issue 2 million tokens at an assured base price of $50USD. 100,000 GLD tokens, out of 2,000,000 GLDs will be made available to the crowdsale participants. The rest of the 2,000,000 GLD tokens will be held on deposit for later distribution GreenFire DAO has already made its whitepaper and supporting credentials available on the website. It will soon announce the exact dates for the upcoming GLD Crowdsale as well. In preparation for the Crowdsale, you may download your free Infinity-Economics wallet at http://infinity-economics.org/ About GreenFire DAO The (more…)