The insurance company with the biggest exposure to the 1.2 quadrillion dollar (ie, 1200 TRILLION dollar) derivatives casino is AXA. Yeah, *that* AXA, the company whose CEO is head of the Bilderberg Group, and whose "venture capital" arm bought out Bitcoin development by "investing" in Blockstream.

Just scroll down to page 5 of the PDF and check out the graph:
In 2013, AXA had $464 billion in exposure to derivatives, representing more than 50% of their balance sheet - more (in absolute and percentage terms) than any other insurer.
My theory: AXA knows that Bitcoin is real money, and real money will destroy AXA's balance sheet - which is based on the "fantasy accounting" of derivatives. So AXA wants to control Bitcoin development (by buying out the Core/Blockstream devs), and artificially suppress the blocksize, to artificially suppress the Bitcoin price.
My question: Do you want Bitcoin development being funded by a financial institution like AXA which would literally become bankrupt overnight if the worldwide derivatives casino lost a miniscule fraction of its so-called "value"?
Personally, I can think of no greater conflict of interest than this. This is the mother of all smoking guns of conflicts of interest. Derivatives are 1.2 quadrillion dollars of fake money circulating in a fraudulent system of fantasy accounting - and bitcoin is 2.1 quadrillion satoshis of real money circulating on the world's first unfake-able global ledger. They are polar opposites.
AXA's so-called "value" would collapse overnight if the fakery and fantasy of the worldwide derivatives casino were to finally be exposed. AXA is the last organization which should have any involvement whatsoever with Bitcoin's development - and yet, here we are today: AXA is paying the salary of guys like Greg Maxwell and Adam Back.
What are derivatives?
Derivatives are the $1.2 quadrillion ($1200 trillion) "time bomb" of bets using fake, debt-backed fiat money that's about to explode and destroy the world's financial system:
Derivatives are like a giant blood-sucking "tick" (representing 1200 trillion dollars in "notional" value, ie the total value of all the bets, without offsetting) on the back of a "dog" representing the world's "real" economy (representing mere tens of trillions of dollars):
Derivatives were the root cause of the financial crisis that already almost destroyed the world's debt-based fiat financial system in 2008:
Derivatives are that giant blob of fake, debt-backed fiat "money" shown at the bottom of the graph shown below (where the top of the of the graph shows that tiny speck of real money, bitcoin):
Derivatives are are also the fake, debt-backed "money" which already brought down another giant insurance group (AIG, not to be confused with AXA), in the financial crisis of 2008, which you're probably still bailing out personally with your tax dollars and your country's "austerity":
And finally:
Derivatives are also the fake, debt-backed "money" which makes up over 50% ($464 billion) of the balance sheet of insurance giant AXA - which has more derivatives exposure than any other insurance company, both in percentage and absolute terms (2013 figures - scroll down to page 5 of the PDF to see the graph):
Yeah, AXA.
The same company...
Every time I mention how AXA is in charge of Blockstream's payroll, a few "random" people come out of the woodwork on these threads trying to dismissively claim (while presenting absolutely no arguments or evidence) that it is a mere irrelevant "coincidence" that AXA's venture capital subsidiary is funding Core/Blockstream.
But there are very few coincidences in the world of high finance.
And meanwhile, here are a few things we do know:
  • Henri de Castries is not only the the CEO of insurance giant AXA (he's actually stepping down later this year) - he's also the chairman of the Bilderberg Group - the secretive group which includes most of the major players in the current global debt-backed financial system:
  • AXA Strategic Ventures (the venture capital arm of insurance giant AXA) was behind the second, $55 million round of investment in Blockstream:
  • As of 2013, AXA already had $464 billion in derivatives exposure - over 50% of its balance sheet - far more than any other insurance company (both in $ and in % terms):
  • Many if not most major financial institutions would actually be considered insolvent now, if their so-called assets and liabilities were honestly valued (ie, "marked to market):
  • Bitcoin, by having no counterparty risk, threatens to expose this whole fraudulent casino of fantasy accounting on the part of major financial institutions - which is probably why companies like AXA want to control Bitcoin development - so they can artificially suppress the blocksize, and artificially suppress the the bitcoin price.
My guess:
The 2.1 quadrillion satoshis (21 million bitcoins x 100 million satoshis per bitcoin) of real money starting to circulate on the Bitcoin network threaten to expose the fact that the 1.2 quadrillion dollars of fantasy fiat circulating in the worldwide derivatives casino are actually worthless.
And this is probably the real reason why AXA - the insurance company with the largest derivatives exposure - is trying to control Blockstream, in order to control Bitcoin development, and suppress Bitcoin price.
submitted by ydtm to btc [link] [comments]

Are the banksters creating their own Cryptocurrency called "Utility Settlement Coin"?

by Michael T. Snyder December 26, 2017
from TheEconomicCollapseBlog Website
Do Banking Giants Have
a New Digital Currency in Crypto-Verse?
A Closer Look into the 'Utility Settlement Coin'
Independently-controlled cryptocurrencies such as Bitcoin, Ethereum and Litecoin may or may not survive in the long run, but blockchain technology is definitely here to stay.
This technology has revolutionized how digital financial transactions are conducted, and it was only a matter of time before the big boys began to adopt it.
Previously, I have written about how the Washington Post is hyping something known as 'Fedcoin', but Fedcoin does not yet exist.
However, a digital currency that uses blockchain technology that is called 'Utility Settlement Coin' is actually very real, and it is currently being jointly developed by four of the largest banking giants on the entire planet.
The following was recently reported by Wolf Richter
UBS, BNY Mellon, Deutsche Bank, Santander, the market operator ICAP, and the startup Clearmatics formed an alliance in 2016 to explore the use of digital currency between financial institutions and central banks, using blockchain. The ultimate goal of the project is to create a digital currency known as Utility Settlement Coin (USC), which will facilitate payment and settlement for institutional financial markets. 
I decided that I had to know more about Utility Settlement Coin, and so I decided to go to the source.
This is what the official Deutsche Bank website says about Utility Settlement Coin…
USC is an asset-backed digital cash instrument implemented on distributed ledger technology for use within global institutional financial markets. USC is a series of cash assets, with a version for each of the major currencies (USD, EUR, GBP, CHF, etc.) and USC is convertible at parity with a bank deposit in the corresponding currency. USC is fully backed by cash assets held at a central bank. Spending a USC will be spending its paired real-world currency. UBS and Clearmatics launched the concept in September 2015 to validate the potential benefits of USC for capital efficiency, settlement and systemic risk reduction in global financial markets. The project was initially incubated as part of the UBS Crypto 2.0 Pathfinder Program, UBS's initiative for research and experimentation on blockchain. 
This could ultimately turn out to be a complete and total game-changer.
 *UBS *BNY Mellon *Deutsche Bank *Santander, 
...are four of the biggest banks in the western world, and the fact that they are working on this project together is a sign that they are very serious about succeeding.
Will the general public still be willing to pay a huge premium for independently-controlled cryptocurrencies once the banksters start coming out with their own versions?
The cryptocurrency revolution is still in the very early stages, and nobody is exactly sure how it will end, but without a doubt the banksters will be a major player in this drama.
If you doubt this, just consider what one of the top executives at UBS is saying about Utility Settlement Coin...
"Digital cash is a core component of a future financial market fabric based on blockchain technologies," said Hyder Jaffrey, Head of Strategic Investment & FinTech Innovation at UBS Investment Bank. "There are several digital cash models being explored across the Street. The Utility Settlement Coin is focused on facilitating a new model for digital central bank cash." 
Digital central bank cash?
I don't like the sound of that at all.
We definitely do not want the banksters to co-opt this movement.
Blockchain technology should be used to free humanity from debt-based central banking, but instead the exact opposite could end up happening.
If someday independently-controlled cryptocurrencies are completely banned or suffocated nearly out of existence by oppressive regulation, the way would be clear for the banksters to force everyone to use their own digital currencies.
There are many nations around the world that have already gone nearly cashless, and the potential for tyranny in a cashless system where all digital currency is controlled by the banksters would be absolutely off the charts...
submitted by Metaliano to conspiracy [link] [comments]

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