White House Introduces the Joe Biden “U.S. Central Bank Digital Currency”


Posted originally on the conservative tree house on September 18, 2022 | Sundance

If you combine government use of energy policy, government regulation on individuals around that energy policy, and the self-interested need to control political opposition, you discover one of the most effective ways to control human activity is to control their finance.

Canadian Prime Minister Justin Trudeau gave us a great example of that when he weaponized the power of the Canadian government to target the protesting truckers and those who support them.  You might remember Trudeau’s government locked down bank accounts, froze assets, denied loans, blocked mortgages and generally confiscated the wealth and incomes of his political opposition without any due process; all because the people were challenging his totalitarian COVID dictates. {Go Deep}

Take those reference points as an overlay and now consider this undiscussed recent announcement from the Biden administration:

[White House] – President Biden often summarizes his vision for America in one word: Possibilities. A “digital dollar” may seem far-fetched, but modern technology could make it a real possibility.

A United States central bank digital currency (CBDC) would be a digital form of the U.S. dollar. While the U.S. has not yet decided whether it will pursue a CBDC, the U.S. has been closely examining the implications of, and options for, issuing a CBDC. If the U.S. pursued a CBDC, there could be many possible benefits, such as facilitating efficient and low-cost transactions, fostering greater access to the financial system, boosting economic growth, and supporting the continued centrality of the U.S. within the international financial system. However, a U.S. CBDC could also introduce a variety of risks, as it might affect everything ranging from the stability of the financial system to the protection of sensitive data.

Notably, these benefits and risks might vary significantly based on how the CBDC system is designed and deployed. That is why Executive Order 14067, Ensuring Responsible Development of Digital Assets, placed the highest urgency on research and development efforts into the potential design and deployment options of a U.S. CBDC. The Executive Order directed the Office of Science and Technology Policy (OSTP), in consultation with other Federal departments and agencies, to submit to the President a technical evaluation for a potential U.S. CBDC system.

Today, OSTP is publishing its report, Technical Evaluation for a U.S. Central Bank Digital Currency System, which lays out policy objectives for a potential U.S. CBDC system and analyzes key technical design choices for a U.S. CBDC system. The report also estimates the technical feasibility of building a CBDC minimum viable product and describes how a U.S. CBDC system might affect Federal operations. The report makes recommendations on how to prepare the Federal Government for a U.S. CBDC system. Importantly, the report does not make any assessments or recommendations about whether the U.S. should pursue a CBDC, nor does it make any decisions regarding particular design choices for a potential U.S. CBDC system.  (read more)

When you read that full announcement, you realize they have already built the system.

If the system is built and they are now making policy recommendations for implementation, the question becomes ‘what’s the goal’?

We do not have to look far for the explanation.

the World Government Summit 2022 took place on March 29 and 30 in Dubai, hosting more than 4,000 individuals from 190 countries including senior government officials, heads of international organizations, and global “experts.”   The invited participants presented ideas and worldviews from within their various fields of specialty.

One presentation was from Dr. Pippa Malmgren, an American economist who served as special advisor on Economic Policy to President George W. Bush.

Her father, Harald Malmgren, served as a senior aide to US Presidents John F. Kennedy, Lyndon B. Johnson, Richard Nixon, and Gerald Ford.   In this segment, Mrs. Malmgren says the quiet part out loud.  Yes, they are no longer hiding the construct; indeed, as you will hear they are saying quite openly what the future will look like.  WATCH (2 minutes):

[Full Source – 6 hours (internal segment at 18:30)]

Transcript – Dr. Malmgren: “What underpins a world order is always the financial system. I was very privileged. My father was an adviser to Nixon when they came off the gold standard in 71. And so, I was brought up with a kind of inside view of how very important the financial structure is to absolutely everything else.

And what we’re seeing in the world today, I think, is we are on the brink of a dramatic change where we are about to, and I’ll say this boldly, we’re about to abandon the traditional system of money and accounting and introduce a new one. And the new one. The new accounting is what we call blockchain.

It means digital, it means having a almost perfect record of every single transaction that happens in the economy, which will give us far greater clarity over what’s going on. It also raises huge dangers in terms of the balance of power between states and citizens.

In my opinion, we’re going to need a digital constitution of human rights if we’re going to have digital money. But also this new money will be sovereign in nature. Most people think that digital money is crypto, and private. But what I see our superpowers introducing digital currency, the Chinese were the first the US is on the brink, I think of moving in the same direction the Europeans have committed to that as well.

And the question is, will that new system of digital money and digital accounting accommodate the competing needs of the citizens of all these locations, so that every human being has a chance to have a better life? Because that’s the only measure of whether a world order really serves!”

The entry into a digital currency, needs a digital identity.

The end goal of a digital currency is why western political leaders have not been worried about following the COVID-19 spending demands from the World Economic Forum. {Go Deep}

When the global trade currency does not need to be pegged to anything to determine value, it is completely fiat.  This is the current problem with global trade and transactions taking place in U.S. dollars, which arbitrarily lifts the standard of life for Americans while providing no similar benefit to other nations. That view became the underlying motive for Osama Bin Laden to target the World Trade Center, twin towers.  That view was/is also the perspective carried by Barack Obama, that lay behind his “fundamental change” statement.

A digital currency allows ultimate control on a global basis by a one world government, or western system of collective governments, that can assign value.  No other mechanism will have as much control over the life of a person than a digital currency that will create a system of transactional credits and debits, perhaps also influenced by your social credit score.

The digital currency requires a digital identity in order for apportionment based on your value to society.  This is essentially an extension of the Fabian mindset into the world of financial transactions and monetary evaluations.  Fabians believed that some form of socioeconomic tribunal would be needed in order for each citizen to be quantified according to their “worth” to society.  The Chinese social credit score is a variant of that same concept.

The phrase “you didn’t build that,” when espoused by former President Obama and current Senator Elizabeth Warren is also based on this collective worldview. Both believe that individuals do not succeed independently, but rather gain their ability to grow wealth by using the resources of the larger society, infrastructure, labor and education.  The phrase “it takes a village” to raise a child, as espoused by Hillary Clinton is another variant of the same collective advocacy.

A digital currency and digital identity is not a conspiracy theory, these “global leaders” are explaining it to us out loud.  However, I am concerned that most will not hear it, or understand it, until it is too late.

Remold it nearer to the hearts desire”

Or

Build Back Better

Same/Same

DeSantis v Biden on Illegal Aliens


Armstrong Economics Blog/Immigration Re-Posted Sep 18, 2022 by Martin Armstrong

Tucker on Immigration


Armstrong Economics Blog/Immigration Re-Posted Sep 18, 2022 by Martin Armstrong

The wealthy Democrats who have no problem cheering Texas to be overrun and Biden secretly dropping immigrants only in Red states were completely outraged in Martha’s Vineyard. They called out the National Guard and had the low-life immigrants flown again to Cape Cod, away from their biggest donors who live to tell everyone else we are racists, but can’t possibly allow immigrants to stay in their cozy privileged town.

Leaving California?


Armstrong Economics Blog/Uncategorized Re-Posted Sep 18, 2022 by Martin Armstrong

President Trump Save America Rally, Youngstown Ohio – 7pm ET Livestream


Posted originally on the conservative tree house on September 17, 2022 | Sundance

Tonight, President Donald J. Trump, is headed to Youngstown, Ohio, for a 2022 midterm Save America Rally to benefit Ohio candidates including JD Vance.  Several speakers are anticipated including Ohio Representative Jim Jordan.  President Trump is scheduled to deliver his remarks at 7:00pm ET.  Livestream Links Below:

RSBN Direct Rumble Link – Trump Campaign Direct Rumble Link – Alternate Direct Rumble Link

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President Trump Shares Article About a Trump v DeSantis Matchup


Posted originally on the conservative tree house on September 17, 2022 | Sundance

The ‘cut to the chase‘ aspect of whether Ron DeSantis is planning to run for the GOP nomination in 2024 is made clear when you realize just how much money the Florida governor has amassed.  A standing total exceeding $200 million.

That $200 million is not only a staggering amount far beyond the need for his virtually certain governor’s victory, but also the largest amount of campaign money ever assembled by a governor in the history of politics {citation}. Meg Whitman, California ($176 million), and Jay Pritzker, Illinois ($176 million), were both multi-millionaires and funded the majority of their war chest.  Almost all (96%) of DeSantis’ money is coming from multinational corporations, hedge funds, Wall Street firms and billionaires {citation}.

For those who are unfamiliar with the strategies of political funding, there is a timing that also highlights the intent.  A conspicuously aligned timing that coincides with the Trump raid on Mar-a-Lago.  Campaign finance reports are required and filled out quarterly.  DeSantis had a massive war chest assembled through August 5th.

That finance revelation was immediately before the August 8th raid, before the week in the bunker, and before DeSantis reemerged August 14th with a new national branding team and communication change.

DeSantis took in even more billionaire donor checks with the national kick-off.

Everybody familiar with politics knows what that level of preparation and strategy means.  DeSantis wasn’t amassing money of that scale, and simultaneously launching a new national branding campaign, for a state reelection bid.  He was/is preparing for a 2024 presidential run.  The only question was whether DeSantis had direct knowledge of the August 8th raid on Trump in advance, or whether he was just told not to ask questions and follow the advice of his new GOPe team.  The latter is more likely.

That said, the best laid plans of mice and men were disrupted by the MAGA response to the Trump raid.  As noted in the article shared by President Trump today, the professional republican donor class had -not accidentally- done a great job using their piranhas to nibble away at Trump’s support prior to the August 8th raid.  However, the raid rallied the base of MAGA back to defend Donald Trump.

By the time DeSantis came out of his pre-planned bunker phase (Aug 8th through Aug 14th) the support for Donald Trump had surged again.  The professionally republican handlers launched the national DeSantis campaign into indefatigable pro-Trump headwinds.  DeSantis Inc stuck to the plan, but the benefit they anticipated was not there.

Unfortunately for DeSantis there’s no good way to retreat from the 2024 strategy his handlers and donors have mapped out.  They have pushed him ‘all-in.’ I don’t think it’s possible for DeSantis Inc to back-down after accepting all that GOPe money, unless there is a way for them to return or redirect it.

The article President Trump shared today is a good contextual article describing the accuracy of the Trump -v- DeSantis landscape as it existed on August 29th, the date it was written.

One of the citations in the article points to John Thomas who was prepared with a pro-DeSantis PAC if the republican plan against Trump had succeeded.

As noted, the plan didn’t succeed, and with the outcome of the fulcrum event, the Mar-a-Lago raid, not having the desired effect, Thomas has now abandoned the idea of using the PAC to advance DeSantis.

(Business Insider) – […] But at least one GOP operative — John Thomas, founder and president of the political advertising and strategy group Thomas Partners Strategies — thinks it’s better for DeSantis to wait than to try to challenge Trump in 2024. 

“I wouldn’t advise him to go head to head with Trump,” Thomas told Insider. “It’s not gonna go well for DeSantis.” 

Until recently, Thomas was independently readying a political action committee to support DeSantis running for president.

But now he predicts DeSantis would be unsuccessful if he tried to challenge Trump. If DeSantis were to run, he said, he wouldn’t have to just compete with Trump’s name recognition and donor network. DeSantis would also risk seeing what would happen if Trump’s followers suddenly viewed him as anti-Trump.

Right now, DeSantis is seen as not just pro-Trump but as being Trump 2.0, Thomas said. To run against Trump, he said, DeSantis would have to convince Trump’s core electorate to break away from him.

“Right now he can have his cake and eat it too,” he said. “He can be Trumpy and supportive. But he would have to argue that he’s better, or Trump is bad. And that is a fault line that is probably a bridge too far for the Republican electorate in 2024.” (read more)

Operation Rolling Blackout: A California story


Habibi Bros. Published originally on Rumble on September 16, 2022 1,627 Views

The Habibi Bros discuss the Rolling Blackouts in California and the energy crisis around the world. Buckle up and grab your drink cause you are going to need it.

Inflation Debate


Armstrong Economics Blog/Inflation Re-Posted Sep 17, 2022 by Martin Armstrong

RT Interview on Russia-Ukraine War


Armstrong Economics Blog/Armstrong in the Media Re-Posted Sep 17, 2022 by Martin Armstrong

RT reached out to Martin Armstrong for an economist’s view on the Ukrainian conflict. Click here for a quick interview that explains why Zelensky has no incentive to seek peace.

Putin & October


Armstrong Economics Blog/Politics Re-Posted Sep 17, 2022 by Martin Armstrong

Despite all the propaganda that was put out by John McCain, Putin was selected by Yeltsin because he was being blackmailed on the one side by the oligarchs in July 1999 and the communists on the other who introduced a motion in the Duma to impeach him for corruption that was related to the Bank of New York scandal.

Putin NEVER sought to resurrect the old USSR. In fact, he was the ONLY Russian leader to even criticize Lenin as just a bolshevik who destroyed a great empire of the Tsars. Lost in the pages of history, Russia at the time in 1917 had the largest gold reserves of any nation. Those gold reserves vanished and to this day have not been found. It was believed that they were hidden to prevent the Communists from seizing them.

Putin was there to restore Russia after the oligarchs plundered it and the Harvard boys who advised Russia on how to make the transition from Communism to Capitalism utterly never understood the most basic element of such a transition – the people. Putin’s most important achievement of his 20 years in power was restoring normalcy and stability to Russia. He went after the oligarchs and told them they could keep their money, but to stop interfering in politics.

The unwritten history that has been omitted from all books on the subject is that in 1991 when the USSR collapsed, NATO solicited Gorbachev to join NATO. That was one of the reasons there was a coup against him for the hardliners saw this would be a surrender of Russia to the USA. That is when Yeltsin stood on the tank and became President. Yeltsin was himself corrupt and he actually facilitated the rise of the oligarchs.

When Yeltsin turned to Putin out of desperation, the people cheered for Putin was neither an oligarch nor a communist. Despite the propaganda from the West, Putin truly enjoyed a 70%+ approval rating for the people neither wanted to lose all freedom to the communists and the oligarchs exploited the people to gain wealth.

Putin has refused to institute a draft to shore up Russian forces. However, despite all the propaganda that pours out of Ukraine, removing Putin will turn Russia very hard right and they are already criticizing Putin for being too soft.

There has been the strategy that inflation is rising and if Putin is smart, he will turn off the gas to Europe for the winter and show them how insane this is to (1) fuel a proxy war against Russia, and (2) push this Great Reset and the Green Agenda.

Basically, the hope remains that the West loses interest in supporting Ukraine as the costs rise. That’s been Russia’s hope and Ukraine’s dread before, but it seems more unlikely than ever at the moment before winter comes.

The most serious threat to Putin is losing the support of the elites. At the moment, Putin is the balance in the middle between hawks who want to see him crush Ukraine, and doves who want a peace settlement. As it stands now, the hawks would win for the West does not seek any peace and Zelensky says Kissenger is living in 1938 and refuses to yield one inch of territory to Russia. The Ukrainian Neo-Nazis instantly attacked the Donbas in 2014 and even put out a slogan that Crimea will be Ukrainian or Crimea will be depopulated. The hatred there is not going to ever vanish. The only reasonable solution is to allow the Donbas to vote, but since they are mostly ethnic Russians, Kyiv will never accept their vote.

It appears that the volatility will rise after this coming week. The Ukrainians may be forcing Putin’s hand to placate the Hawks since the Doves have been rejected by the West. NATO was Behind the Surprise Offensive In Kharkiv. Yet this victory for Ukraine was more of a staged PR event. The region was being held by local police units, not the Russian army which is in the South. Russia has achieved a 10:1 kill ratio against the Ukrainians in the region of the Donbas which is key. The Ukrainian forces that attacked Kharkiv were in effect a NATO army with the full support of Western intelligence and tactics. Because Kharkiv was held by police-type forces rather than the Russian army, it was clearly done for a PR event to raise morale and to get the West to send more money under the theory that Putin is on the run.