Below are some recent article excerpts laying out Israel‘s effort to establish a global digital currency. Keep in mind that the central bank of central banks, the Bank for International Settlements (BIS), is located in Basil, Switzerland. Basil is also where the First Zionist Congress met in 1897, leading to the creation of the state of Israel.
CCN 11/20/18: Switzerland and Israel Collaborate on Cryptocurrency & Blockchain Regulation
“The Swiss Minister for Finance Ueli Maurer recently visited Israel along with State Secretary for International Financial Matters Joerg Gasser, citing their goal as gaining bank access to Israeli markets to allow Swiss banks to trade there.
Reuters reports that the two nations have now agreed to collaborate on financial technology, cryptocurrency, and blockchain regulation following their discussion with the Israeli government.
Gasser also stated that Gasser said he was preparing a report blockchain regulation methods and factors and would be submitting recommendations by the end of the year with the aim that parliament could approve in 2019 and the new regulations could be implemented the following year. …
After the government launched an investigation into the possible use case of an “e-franc” state cryptocurrency, the central bank shot the idea down, stating that crypto technology was not good enough. However, a new Zug-based startup named Alprockz is now working on a stablecoin based on the Swiss franc, highlighting to an extent that crypto-technology is progressing with or without the support of the banks.
While one could be forgiven for assuming that Swiss regulators are bringing more to the table in their information exchange, Israel is also a major tech hub. It’s the source of most Intel processor chips, and Bitcoin mining rig giant Bitmain has announced that it’s tripling its development center in western Israel to increase ASIC manufacturing. Last year the Israeli Prime Minister Benjamin Netanyahu even suggested that the era of traditional banks and banking was coming to a close altogether and that cryptocurrency may be the turning point saying:
“Is the fate of banks that they will eventually disappear? Yes. The answer is Yes. Does it need to happen tomorrow? And do we need to do it through Bitcoin? That’s a question mark.”‘
World ORT 10/21/2009: ORT Switzerland raises money for St. Petersburg
“Despite the recession, ORT Switzerland has managed to coax nearly 300 people many of them high flyers in the world of banking and finance to its gala dinner in Geneva to raise money for the award-winning ORT de Gunzburg School in St. Petersburg.
Among the guests were descendants of World ORT co-founder Baron Horace de Gunzburg [“Rothschilds of Russia”], including World ORT President Dr. Jean de Gunzburg who, with his wife Terry, is a major supporter of the high school which bears his family’s name.”
Our friend Bridget points out the following:
‘”ORT Israel” (ORT is an acronym of the Russian Общество Ремесленного Труда – “Association for Vocational Crafts”) is the largest educational network in Israel for science and technology education and has been operating in Israel since 1949 as a public benefit company.“
James Corbett, who is incredibly weak on Israel, reported the following, 10/1/2016:
“In March 2009, as the world was still reeling from the Global Financial Collapse, Zhou Xiaochuan, the Governor of the People’s Bank of China, published an essay on March 23, 2009 in an essay bluntly titled “Reform the international monetary system.” In it, he argued that the world could no longer afford to be tied to the US dollar and the vagaries of the American financial system. Instead, it needed to be presided over by those trustworthy angels at the IMF:
“Compared with separate management of reserves by individual countries, the centralized management of part of the global reserve by a trustworthy international institution with a reasonable return to encourage participation will be more effective in deterring speculation and stabilizing financial markets. The participating countries can also save some reserve for domestic development and economic growth. With its universal membership, its unique mandate of maintaining monetary and financial stability, and as an international ‘supervisor’ on the macroeconomic policies of its member countries, the IMF, equipped with its expertise, is endowed with a natural advantage to act as the manager of its member countries’ reserves.”
And in case that wasn’t clear enough, Zhou also wrote that: “The SDR has the features and potential to act as a super-sovereign reserve currency.”
The very next year the Bank for International Settlements (yes, that Bank for International Settlements), the European Central Bank and the World Bank jointly organized the Third Public Investors Conference, a chance for 80 central bankers, wealth fund and pension fund managers to hobnob at the BIS’ headquarters in Basel and discuss their world domination schemes. The results of that conference were collected in an edition of “BIS Papers” and published on the BIS website. One of those papers, penned by George Hoguet and Solomon Tadesse of State Street Global Advisors, discussed “The role of SDR-denominated securities in official and private portfolios” and predictably pimped the revival of SDR bonds that we are currently living through:
“An investor can synthetically replicate the weights of an SDR-denominated bond, but a security denominated in SDRs is self-rebalancing and is likely to minimize rebalancing costs. Additional research, particularly on the coordination problem (which limits liquidity) and operational issues, including settlement, can facilitate the development of an SDR-denominated bond market. Williamson (2009a) suggests that greater private use of the SDR could possibly facilitate greater official use, including the pegging of currencies to the SDR rather than to a basket of currencies or to some bilateral exchange rate.”
In other words, SDR bonds create the market for SDRs generally and legitimate their use as a settlement currency in their own right.
Now, six years later, here we are with the World Bank helping China issue SDR-denominated bonds. This is the real reason that this bond issue is happening at all. As The Epoch Times points out: “For the IBRD, there is no advantage because it is borrowing in strong currencies and getting paid in a relatively weak one.”
No, this is not about some wonderful new way for the World Bank to cheaply finance its bond issues; it is entirely about legitimizing the role of the SDR on the world stage as a potential world currency.“
Jerusalem Post 7/10/17: Israel and the unexpected new world order | Geographically, Israel is just off-center. Why then is it treated with such respect, especially by the likes of Russia and China?
“In the new and surprising economic world order, Israel could gain a degree of wealth not seen since the days of King Solomon.
For the Western world, strong new alliances between certain non-Western countries constitute something of a mystery. But while the West is distracted by political uprisings and remains enamored with the idea of its own “manifest destiny,” a new world order is emerging, dominated by up-and-coming global superpowers like Russia, China and India. …
China has started another initiative that, according to global economist Jean-Pierre Lehmann, could bring about “the most dramatic transformation of the world economy since the Industrial Revolution.”
The project is called the Belt and Road Initiative. Unveiled only four years ago, it will take an estimated $7.5 trillion to develop. … No less than 75 nations have joined the Silk Road Chamber of International Commerce. …
Israel is positioned to guard the world’s Internet. Everything today is traded, controlled and administered online. And Israel is emerging as the world’s number one guardian of the worldwide web. That means, regardless of being a few miles offtrack from China’s Land and Maritime Roads, it is positioned to be the center of both belts.
Economists worry that China’s ambition could trigger a global economic collapse; a currency collapse, specifically. Maybe BRICS and One Belt One Road don’t care. A global currency collapse might be seen as a way to wipe the slate clean of nation-based currencies, especially the US dollar, and establish an international one: like Bitcoin, perhaps.
If Bitcoin is the model for a new Internet-based global currency, Israel is likely to be its guardian too, protecting that currency from hackers around the world.“
Globes quoted Israel Prime Minister Benjamin Netanyahu in 2014 as saying:
“There should be a sort of UN for the Internet. A coalition of the leading companies in the cyber world… and in my opinion Israel is the most advanced.
Netanyahu voiced his hopes of “turning the Internet from a curse to a blessing,” and relayed his plans for the recently formed Cyber Division in the Negev city of Beersheba.
“The Cyber Division was formed so we can share these abilities with others,” the prime minister added. “This plan will enable the growth of hundreds of cyber-tech companies that would not have existed otherwise. We see it as a cooperation between the government and the business world that we are committed to for the years ahead.“
CNBC 6/4/18: Apple co-founder Steve Wozniak hopes bitcoin will become a single global currency
“Twitter CEO Jack Dorsey recently said he believes bitcoin will become the single global currency, something that Apple co-founder Steve Wozniak hopes will happen.
“I buy into what Jack Dorsey says, not that I necessarily believe it’s going to happen, but because I want it to be that way, that is so pure thinking,” Wozniak told CNBC on Monday.”