BOOOM! US Debt Clock: Hidden Wealth! Transitioning from a Debt-Based System to a Credit-Based System (video)
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For over 50 years, the global financial system has operated on a debt-based model, rooted in the Federal Reserve note U.S. dollar, which has not been backed by tangible assets since the U.S. left the gold standard in 1971. As a result, the dollar has become a fiat currency, reliant on debt issuance and borrowing to maintain economic activity. Today, however, we stand on the brink of a new era—one where we could unlock hidden wealth by shifting from a debt-based to a credit-based system, powered by blockchain technology, tokenization, and asset-backed currencies like Ripple’s RLUSD.
This revolution isn’t just about Ripple and its RLUSD. Ethereum, as the birth of decentralized finance (DeFi), will also play a massive role in this transformation. With its ability to support complex smart contracts, Ethereum’s blockchain complements the XRP Ledger and will work alongside it to power this new system. Ripple’s RLUSD operates both on the XRP Ledger and Ethereum, which is why we’re seeing many industry leaders with extensive Ethereum credentials joining World Liberty Financial—a platform that will bridge the gap between DeFi and traditional finance.
The Legacy of the Debt-Based System: How We Got Here. In 1971, President Nixon famously took the U.S. dollar off the gold standard, disconnecting it from a physical store of value. This shift allowed the U.S. government to print money freely, leading to inflation, rising debt levels, and the devaluation of the dollar over time. As a result, the dollar’s purchasing power has steadily declined, and the Federal Reserve note has become a tool for manipulating the financial system. Debt issuance became the primary way to stimulate economic growth, a practice that has now become unsustainable.
The U.S. Debt Clock has been warning us about this for years. Over the past year, the Debt Clock has not only highlighted the growing levels of debt but also hinted at this inevitable transition. For those paying attention, the Debt Clock is more than a number—it’s been educating us on the true nature of money and helping us tap into a higher understanding of how our monetary system really works. It’s a sign that change is coming, and those who are aware will be better prepared for it.
Unlocking Hidden Wealth: A New Credit-Based System. The technology to move away from a debt-based system has existed for decades but is now being fully realized. Blockchain technology, distributed ledger systems (DLTs), and tokenized assets are offering an opportunity to rebuild the financial system from the ground up, moving us toward a credit-based economy. In this system, real-world assets—like gold, silver, and U.S. Treasury bills (T-bills)—will back currencies, providing a transparent and stable foundation for the global economy.
Ripple’s RLUSD, a stablecoin operating on both the XRP Ledger and Ethereum, is poised to lead this transition. Pegged 1:1 to the U.S. dollar and backed by actual reserves, RLUSD brings transparency and auditability to the financial system, creating a stable, asset-backed currency that can settle transactions in seconds. This kind of speed and efficiency is something our outdated legacy financial system simply can’t match.
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The collaboration between Ethereum and the XRP Ledger will be crucial. Ethereum’s smart contract capabilities bring flexibility and scalability, while the XRP Ledger offers the speed and security needed for large-scale transactions. Together, these two blockchain giants will form the backbone of a more efficient, decentralized financial system—one that transcends borders and legacy infrastructure.
World Liberty Financial: The Bankless Revolution. Enter Donald Trump and World Liberty Financial —a movement that could usher in a bankless revolution by tapping into the power of decentralized finance (DeFi). Trump’s vision for World Liberty Financial aligns perfectly with the principles of DeFi, where middlemen like traditional banks are removed, and individuals are empowered to control their own financial assets. World Liberty Financial could connect this decentralized ecosystem with real-world financial institutions, allowing it to play a pivotal role in the new credit-based system.
This isn’t just speculation—many of the people joining World Liberty Financial come from high-level backgrounds in Ethereum and blockchain development. Their expertise in decentralized finance will be key to building the infrastructure needed to support a bankless, tokenized financial world.
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Tokenized T-Bills: Liquidity, Stability, and Innovation. Tokenizing assets like U.S. Treasury bills (T-bills) could revolutionize the financial system, offering continuous liquidity and reducing reliance on Federal Reserve interventions. By turning T-bills into tokens on the blockchain, banks and institutions can create stablecoins backed by these government assets, giving us real-time liquidity and stability. This could be the solution to many of the systemic risks that have plagued the global economy for decades.
This new system will dramatically lower transaction fees, provide faster settlements, and create instant liquidity—transforming the way we live. Right now, we operate on an outdated monetary system, where moving money across borders takes days and incurs high costs. A quantum leap is on the horizon: with blockchain technology, money can move across the globe in seconds, and our entire way of life will be upgraded.
The Federal Dollar: A Tool for Manipulation. For decades, the U.S. dollar has been used as a tool for manipulating the global financial system. Through inflation, interest rate manipulation, and debt issuance, those in power have been able to control economic activity and enrich themselves at the expense of the public. The Federal Reserve system, with its monopoly on money creation, has entrenched inequality and allowed for unsustainable debt accumulation.
But there is hope.
By transitioning to a credit-based system backed by real-world assets, we can take back control of the monetary system. As outlined in Article 1, Section 10 of the U.S. Constitution, only gold and silver should be used as legal tender for debts. This constitutional framework supports the idea of a return to asset-backed currencies, like those enabled by blockchain technology.
Vote for Change: Trump 2024. In order for this revolution to take place, we need to elect leaders who understand the importance of this transition. Donald Trump, through his introduction of World Liberty Financial, is paving the way for a bankless, decentralized financial system. If we want to see this transformation, we must vote for Donald Trump as the next president of the United States on November 5th. Our future depends on it, and it’s crucial that everyone goes out and physically casts their vote to make this vision a reality.
Tune in for World Liberty Financial Announcement. And today or tomorrow, September 16th at 8:00 PM Eastern Standard Time, be sure to tune in here over on for the official announcement of World Liberty Financial. This could be the moment that changes everything for the future of finance—don’t miss it!
The Path Forward. We are standing at the crossroads of a financial revolution. A shift from a debt-based system to a credit-based, asset-backed model powered by blockchain, tokenization, and decentralized finance will unlock hidden wealth and create a more equitable future for all. Ripple’s RLUSD and Ethereum’s smart contract platform will be key players in this transition, with Donald Trump’s World Liberty Financial serving as a bridge between the old and new financial systems.
Now is the time to prepare for this quantum leap. As we embrace new technology, we’ll see faster payments, more stability, and a more transparent financial system that empowers individuals. “Know What You Hold!!!” If you found this article valuable, please like, comment on, and repost it. Together, we can educate others and help them prepare for the future.
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Article source: https://x.com/echodatruth/status/1835362991157497858
Video source: https://rumble.com/user/echodatruth
