The financial system has already struck ice. Here is what people in New Zealand are doing about it.

The world’s financial markets upon which the economy, your livelihood and pension depends is already history.  So what are people in a tiny country in the middle of the Pacific Ocean doing about it?

The most important thing to realise right now is that like the Titanic the world’s financial system has already struck ice.  The hulls are filling with water and the ship will sink.  In New Zealand an initiative has been launched today for people to build their own lifeboat – a stable money called RedPill with no central control. 

 

Screenshot from Titanic Movie "The Ship Will Sink"
"The Ship Will Sink" All photo credits: 1997 Titanic Movie, Paramount Pictures

The ship will sink, really?  Please do not take my word for it.  Here are some comments from those who understand the financial system the best:
 

9th April 2020

We are witnessing the Great Monetary Inflation (GMI)—an unprecedented expansion of every form of money unlike anything the developed world has ever seen.   Legendary Hedge Fund Manager Paul Tutor Jones

13th April 2020

We will follow the Fed and other DM central banks by purchasing what they’re purchasing, and assets that rhyme with those. Rich Rieder, BlackRock, the world’s largest asset manager with $7 trillion assets under management.  (I.e. the only thing that matters now is how much money central banks are pumping into the system.)

27th April 2020

We will never return to free market capitalism Scott Minerd, Chief Investment Officer of Guggenheim Investments


While the band playing on deck creates the illusion of normalcy the outcome is inevitable.  The world’s financial markets upon which the economy, your livelihood and pension depends are already history. 
 

Titanic sinking

 

Ever increasing amounts of government money is being printed to delay the moment the ship breaks in two and heads for the ocean deep.  That is the moment that government money hyperinflates into worthlessness.  As events so far in 2020 should have taught us it is no exaggeration to say this could happen tomorrow.

So where is the lifeboat?

750,000 Kiwis can now receive 10,000 RedPill free, no strings attached by simply entering the address of their Waves wallet into the RedPill website.  Once all RedPill have been issued it can be used to pay for goods and services using the QR code from a mobile phone.

Because the value of RedPill is not tied to the financial system it is a lifeboat for New Zealanders.

Most passengers on the Titanic lost their lives.  Many could not believe a ship that size could sink and did nothing to save themselves.  For others there were simply not enough lifeboats.

Unlike government money, RedPill money is hard capped – no more RedPill can ever be issued.  This avoids the risk of hyperinflation by printing more.

Unlike government money RedPill is linked to gold.  Once all RedPill are issued the aim is for people to use them so that 1,000 RedPill = 1 oz of gold.  That is about USD $1.70 per RedPill at today’s prices. 

Because the value of gold has medium and long term stability this means that RedPill will not hyper-inflate but buy the same goods in 5, 10 and 30 years’ time as it does today.  

In the past periods with stable money linked to gold (the gold standard) have been the most prosperous in history and have coincided with greater social justice.

Unlike government money RedPill has no central authority.  No one controls the money except the people who use it.  Once all RedPill have been issued the issuer’s role comes to an end.

Unlike government money in your bank account RedPill are anonymous.  Kiwis only give the issuer their Waves wallet address to receive their 10,000 RedPill.  The issuer has no way of telling who they are.

Unlike government money only RedPill holders control their RedPill account.  This keeps the money in their hands.  In Cyprus in 2013 the government took billions of dollars from people’s bank accounts which have never been recovered.

RedPill represents what New Zealanders can do to help themselves and their country.  Now you can do the same.  The template used by RedPill is available free of charge at https://www.hardmoney.world/.  Choose your community and create your own lifeboat.  It may not yet be too late.

Lifeboat in front of sinking Titanic