www.zerohedge.com BY TYLER DURDEN
Authored by Mark Jeftovic via BombThrower.com,
Outside of China, no major nation has anything else ready
Imagine if you will, persistent double-digit inflation, energy costs soaring, shortages causing blackouts across Europe, bond yields spiking uncontrollably, supply chains grinding to a halt while sovereign debt crises erupt the world overâŠ
Then one Friday after the markets close, heading into a long weekend, an emergency broadcast occurs in which the President, the Chairman of the Federal Reserve and the Speaker of the House appear on national TV to announce that pursuant to the Statutory Bail-Ins provision of the 2010 Dodd-Frank Bill, a banking holiday would take place over the following week. During that holiday, certain bank liabilities would be converted into FedCoin (FED), an ERC-20 token on the Ethereum blockchain, at the rate of 10 FED per $1.
Every depositor would have an NFT issued to their Social Security Number â and that would give them access to their FedCoin via the Sign-On-With-Ethereum protocol. Depositors would have to âstakeâ their Ethereum to access the âfull benefitsâ of FedCoin, however any sub-optimal social behaviors, (such as being behind on current vaccinations, or running your air conditioner too cool) could result in âslashingâ â having a portion of their staked assets âburnedâ.
With 7 waves of Covid n each more highly transmissable we are already seven times more likely to get sick.. worse than before. Yet people are dying like flies from complications in the body without Covid…