The Federal Reserve is highly considering this option, and Powell has mentioned it numerous times in his speeches. This is part of the move toward a cashless society as the government continually hunts down its citizens for taxes. The Founding Fathers fought to prevent direct taxation. Yet, the failing current government is drowning in debt, so they are after every possible penny they can find. A CBDC would effectively provide the government with a glimpse of all your purchases. They could easily de-bank an individual or institution without a middleman or prevent someone from making specific purchases.
Ron DeSantis (R-FL) also put forward legislation to prevent Floridians from a CBDC. The governor accused the Biden Administration of trying to inject “woke ideology into the financial sector” and said that the current administration is promoting “a central control state.” “Our money says In God We Trust. The central bank digital currency changes that to In Government We Trust. That’s wrong and I am grateful for the Governor’s continued pushback of an out-of-control DC bureaucracy,” said Foundation for Government Accountability CEO Tarren Bragdon.
Governments across the globe are searching for the Philosopher’s Stone. By changing the banking system to instantaneous transfer, they can eliminate physical money and track everything we do in real-time. They want us to surrender all liberty and terminate our civil liberties. This is precisely how empires collapse.
QUESTION: Hi AE…so gov’t “money” (fiat currency) will become just some abstract floating measurement of value, an electronic entry in an electronic account in the cybersphere. As these various so-called gov’ts become less reliable, even between themselves, do you see the possibility of them simply skipping their phony currencies, & trading directly in gold. Russia could ship a specific quantity of crude to China, for a specific amount of gold bars. Your argument about the impracticality of a gold-backed currency makes sense, but what about large transactions being settled in gold?
HS
ANSWER: The entire problem that people do not grasp with regard to any return to a gold standard is that if the money supply is FIXED in any way, that necessitates the collapse of SOCIALISM. The two are directly linked. Politicians only know how to run with deficits. Vote for me and I will give you this or that!
The Bretton Woods gold standard collapsed because they FIXED the price of gold at $35, but they continued to print money far beyond the supply of gold at that fixed price. In addition, you have a business cycle. There will be times when no matter what the money might be, there will be boom times when the value of money declines and the asset values rise.
This argument over gold v fiat is absolutely just nonsense. The wealth of any nation is the productive capacity of its people. For centuries, the business cycle has existed and that is the entire cause for the “inflation” in assets when money declines in value, and then the “deflation” in assets with the value of money rises. Arguing over what we use for money will NEVER stop the business cycle.
The cycle is also in part driven by all governments. It becomes a drug of power that is abused. It would not matter what we use for money right now, they want to create World War III so they can default, and escape from the abuse of this Marxism that they have turned into a system of borrowing every year with no intention of paying anything back. But we have reached the confrontation between Keynesianism where central banks are expected to prevent inflation by rising interest rates, but that has no impact on the government which has become the biggest borrower in the system.
We are going BUST not because of the money we use, but because of the abuse of power in government which has always existed since ancient times.
Trust me. Forget gold standards. They will never work because all governments act only in their own self-interest. You should have learned that with COVID. They will never admit any mistake EVER! It is far better to keep gold on our side of the table and we can then use it as a hedge against governments. They are seeking to move to digital currencies ONLY so they can track when you hired the 16-year-old girl next door to babysit for you so they can go after her for the government’s 50% share.
Even Bitcoin is fiat. There is no backing. People have dived headfirst into cryptocurrency on the entire proposition that they are limited. All they have done is proven my point. Money, historically, has been everything from seashells and cattle to bronze, silver, and gold. Of all the various forms of money, only bronze and cattle had any real commodity value based on utility.
The Egyptians really invented paper money for the farmers would deposit their grain and receive a receipt which was a bearer instrument used in trade. They also used raw metal, not coins, and traded based on weight, as it stated in the Bible. Here is a piece of pottery from Egypt recording a complaint about taxes written in Greek. It stated the sum amounted to a total of 90 talents of silver with 15 talents of tax on the transfer of land – 16.6%.
For thousands of years, Egypt had no coins until it was conquered by Alexander the Great, and upon his death, his general Ptolemy I (305/304 – 282 BC) took the throne and it was his Greek line from which Cleopatra VIII came – not Egyptian.
Our system is starting to implode. Never in the history of human civilization have governments demanded taxes on income requiring reporting every year. This was the gift of Karl Marx. Just as this Egyptian tax on the transfer of land, we see that property taxes and a form of sales tax were the norms.
The American Constitution was intended to give thenational government greater power to raise revenue because the previous Articles of Confederation had been a fiscal disaster. Nevertheless, most people remained fearful of taxation by governments. Indirect taxes were to be the way to secure our liberty from tyrannical governments. It was generally understood that indirect taxes meant taxes on consumption like a retail sales tax and/or excise taxes on imports. It was believed that indirect taxes did not lend themselves to abuse by tyrannical governments. Consequently, the general belief was that “direct taxes” has to be taken off the table. Incomes taxes, throwing out the window of all the wisdom of the ages, were imposed by the new age of Marxism in 1913.
Our computer warns that 2025 will be the turning point in Marxism.
You’ve taught through many historic examples that politicians drag us to war because they need an external enemy to hide their failures. Wag the dog. Have you considered this time around the U.S. will enter ww3 to cover up the reveal of the covid vaccine blunder? Yes, war will still hide the debt crisis of western nations, but maybe the vaccine reveal kicks this thing off. The barrage of sudden deaths is starting to overwhelm the bullshit. Our leaders, especially Biden, are incredibly compromised by pushing the shit vaccine.
JT
ANSWER: The COVID lockdowns were created as an exercise in controlling the sheep. This war was set in motion for some time. John McCain ran to Ukraine and he was all exited in December 2016 as soon as Trump was elected. He assumed he could manipulate Trump and promised unlimited funding to wage war against Russia.
I know for a fact, that this war was set in motion in 2014 but it was in the planning stages well before even that. In 2015, McCain was meeting opening with the Nazi movement. COVID was clearly just a rehearsal in their exercise of the abuse of power.
Conservatives did not experience the red wave that they were hoping to see. Voting trends historically show the youth voting in favor of Democrats. As the quote often attributed to John Adams goes, “If You Are Not a Liberal at 25, You Have No Heart. If You Are Not a Conservative at 35, You Have No Brain.”
Pretending to champion one-voter issues with the backing of celebrities adds to this trend. A new NBC poll examined the exit polling data from voters between 18 and 29 (12% of the electorate) and 63% voted Democrat, while only 35% in this age range voted Republican.
People turn to the Republican Party as time goes on. Those 30 to 44 (21% of the electorate) voted 51% in favor of Democrats and 47% in favor of Republicans. The next age bracket, 45 to 64 (39% of the electorate), voted 44% in favor of Democrats and 54% in favor of Republicans. Those 65 and older (28% of the electorate) voted 43% Democrat and 55% Republican.
As we can see, support for conservative leadership grows with age and wisdom.
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):
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.
Posted originally on the conservative tree house on August 18, 2022 | Sundance
As a result of western governments’ taking collective action under the auspices of a ‘climate change’ agenda, we are on the cusp of something happening with ramifications that no one has ever seen before.
Western governments’, specifically western Europe, North America (U.S-Canada) and Australia/New Zealand, are intentionally trying to lower economic activity to meet the intentional drop in energy production.
This is the core consequence of the Build Back Better agenda as promoted by the World Economic Forum.
Anyone who says there is a reference point to determine both the short-term and long-term consequences is lying. There is no precedent for nations’ collectively and intentionally trying to reduce economic activity.
Hiding behind the false justification that current inflation is driven by too much demand, central banks in Europe, the Bank of England, Bank of Canada and U.S. federal reserve are raising interest rates. The outcome we are currently feeling is an intentional economic contraction and global recession.
The Build Back Better monetary policy is successfully shrinking western economic activity; however, the impacted nations that produce goods for markets in North America and Europe, specifically southeast Asia, Japan and China, are not raising interest rates in an effort to try and offset the drop in demand. China has announced they are dropping their central bank rates in a desperate effort to lower costs and keep their export dependent economy working.
Underneath all of this, is a drop in energy production in the same nations trying to lower economic activity. The political policymakers are attempting to manage this process without informing the citizens of the unspoken goal. Shortages of oil, coal and natural gas are self-inflicted problems, all part of the BBB agenda.
Beyond the massive increases in energy costs, which is the true source of inflation and a direct/intentional outcome of the BBB effort, Europe is now facing a looming winter without the energy resources to heat homes and sustain people. Things are going to be very uncomfortable in Europe this winter as roaming brownouts are now predicted.
As the collective west attempts to, using their words, “manage the transition,” they do not have mechanisms to control an outcome of this magnitude. It is simply too big a situation to manage. Where the rubber meets the road, the think-tanks and high-minded climate change ideologues do not have the ability to manage a transition and still meet the needs of people. Beyond the esoteric thinking, there are real consequences from these actions.
Many people have discussed the potential for longer-term food shortages and recently, shorter-term winter heating. However, beyond that, the downstream geopolitical consequences are seemingly being ignored. Instead, what we see is an effort to keep pretending the climate change ends will justify the means (disruption of energy production).
In this connected world, when the western nations stop buying things, we find ourselves domestically with economic trouble. Businesses fail, unemployment rises, financial stress ripples throughout the economy, dependency on government subsidy increases and real pain is felt. However, beyond the domestic issues the supplier nations run into even bigger problems.
Unemployment in Malaysia, Vietnam, South Korea, Japan, Taiwan and even China, creates an entirely different set of regional stability issues on a geopolitical level.
There is no precedent for this. Never before in the history of industrialized nations has any government intentionally tried to lower its economic activity. It has never been done with intent before because within the contraction nations get more poor, people suffer.
Not only has no single nation ever tried to intentionally shrink its wealth, but there is no precedent whatsoever for an alliance of nations to join together with the same purpose. While this might seem like an academic economic modeling exercise, unfortunately it is very real. What I am describing is happening right now, and we had better start talking about it before the unforeseen consequences start to become a crisis.
In North America (U.S-Canada), Europe and Australia, there will continue to be massive increases in food prices as a result of the collapse in energy production. Beyond the western nations there will be food shortages as a result of lowered harvest yields and less industrial food production. This is not controversial.
It is also not controversial that regions with harsh winter climates are going to be paying much more for scarce heating resources.
That being accepted, what happens geopolitically, even militarily, when the entire global economy starts to feel the impacts from western nation economic contraction on a scale -created by collective action- that has never been seen before.
I have no idea what that big picture consequence looks like, but whatever “that” is, will be happening at the same time as people everywhere will be more desperate as an outcome of their economic position. I don’t have the answers, but I sure as hell can see the problem coming.
Political leadership in the aforementioned western nations are seemingly, perhaps intentionally, keeping people distracted with domestic shiny things to occupy time. However, someone needs to start talking about, and seriously challenging, the big picture consequence of this Build Back Better future, before it’s too late.
Stefan Oelrich, head of Bayer’s pharmaceuticals department, admitted at the World Health Summit that the COVID-19 vaccine is gene therapy. He smugly stated that the drug companies knew people would reject the vaccine if they knew it was in fact a gene-altering injectable. They lied to us for profits as the vaccine certainly did not prevent anyone from contracting or transmitting the virus.
“If we had surveyed two years ago if people were willing to take gene or cell therapy and inject it into your body we would have probably had a 95% refusal rate,” Oelrich admits while forgetting many took the “gene therapy” through force.
Twitter has already flagged retweets of this video as“misleading.”The conspiracy theorists who were told they had no place in society were right as Big Pharma and governments worldwide used the public as guinea pigs for the largest gene therapy study in history. We still do not know the long-term health implications but have seen a variety of health issues and lingering side effects in the short-term. Revolutions have occurred over much less.
The internet has become the main source of social interaction, entertainment, and media. Almost everything we do is tied to the internet, which was once a free space. Governments across the world are now attempting to control the world wide web. In fact, the US, EU, and 32 other nations have announced a “Declaration for the Future of the Internet.”
The declaration claims to promote “interconnected communications” and “democracy, peace, the rule of law, sustainable development, and the enjoyment of human rights and fundamental freedoms.” They would like to make the internet accessible to everyone, and while this may sound good and well on the surface, the motive behind this declaration is to give governments full control over the internet.
The fine print reads:
“Over the last two decades, however, we have witnessed serious challenges to this vision emerge. Access to the open Internet is limited by some authoritarian governments and online platforms and digital tools are increasingly used to repress freedom of expression and deny other human rights and fundamental freedoms. State-sponsored or condoned malicious behavior is on the rise, including the spread of disinformation and cybercrimes such as ransomware, affecting the security and the resilience of critical infrastructure while holding at risk vital public and private assets.”
“Disinformation” is the new hot-button word for government censorship. Uncoincidentally, this declaration comes the same week that US President Biden arranged a “Disinformation Governance Board” with members who solely support his agenda and are willing to hide his lies. “Disinformation” allows governments to determine what is factual.
“Online platforms have enabled an increase in the spread of illegal or harmful content that can threaten the safety of individuals and contribute to radicalization and violence. Disinformation and foreign malign activity is used to sow division and conflict between individuals or groups in society, undermining respect for and protection of human rights and democratic institutions.”
Governments across the globe are on board with the Great Reset, and censoring society’s main medium of connectivity will provide them with the power to dumb down the masses and track the opposition. Countries that openly censor their internet such as Russia and China have not signed this declaration, as they do not care if their censorship is packaged in a nice collaborative declaration with other nations. At least the internet users in those nations are aware that what they read online is censored. The truth will always exist, but it will be harder to find it in the future.
Before Obama started the New Cold War against Russia following Hillary’s failed attempt to take over Russia by interfering in the 2000 election, the world was much safer before all of this Neocon nonsense began when Obama came to power in 2008. Ever since then, Hillary, a staunch Neocon, did everything in her power to destroy the relations between the United States and Russia.
This is a library of News Events not reported by the Main Stream Media documenting & connecting the dots on How the Obama Marxist Liberal agenda is destroying America
Centinel2012 