Posted originally on Mar 28, 2024 By Martin Armstrong
The Francis Scott Key Bridge in Baltimore collapsed on March 26, 2024, at 01:28 EDT after being struck by a cargo ship owned by Brawner Builders Inc. The ship named the Dali was operated by Synergy Marine Group. This black swan event was extremely strange, catastrophic for the US supply chain, and certainly a black swan event. For the purpose of this post, I will refrain from speculation and stick to the facts at hands to explain how crucial this bridge was to the US.
Official reports say that what happened was simply an unfortunate accident. “We’re going to send all the federal resources they need as we respond to this emergency. I mean all the federal resources — we’re going to rebuild that port together,” Biden said after promising to use federal aid to rebuild the bridge, a feat that will take years to achieve. “Everything so far indicates that this was a terrible accident,” he added. “At this time, we have no other indication, no other reason to believe there’s any intentional act here.”
The Cybersecurity and Infrastructure Security Agency stated that there was a “power issue” that caused the crew to lose control of the ship. There was a loss of propulsion from the motor, several tests failed, and the pilots notified the Maryland Department of Transportation and the Maryland Transit Authority. There was an attempt to deploy anchors but it was far too late, especially for a ship of that size and weight.
James Mercante, the president of the New York Board of Pilot Commissioners, said that the Dali became “a dead ship just being carried by the current or its own momentum.”US Transportation Secretary Pete Buttigieg did not say what caused the power outage and does not have a timeframe for when the bridge will be rebuilt. “The impact of this incident is going to be felt throughout the region and really throughout our supply chains,” Buttigieg said. Baltimore is currently under a state of emergency, and Mayor Brandon Scott believes it will last for “the foreseeable future.”
Others believe this was a deliberate attack of US infrastructure based on various factors that do not seem to add up. Could it have been an inside job or a foreign agent? The truth will come to light, as it always does.
Let me begin by explaining how crucial the Francis Scott Key Bridge was to America’s supply chain. Around 52.3 million tons of international cargo estimated to be worth $80.8 billion passed through the port in 2023. Around 4,900 trucks, carrying around $28 billion in goods, must be rerouted due to the bridge collapse. It is the second busiest strategic roadway in the US for hazardous materials. These hazardous materials include diesel fuels. Did you know that diesel fuel is not permitted to be transported via tunnel? Fuel prices will rise, fertilizer prices will rise. The bridge was built to handle hazardous materials like propane, nitrogen, highly-flammable materials, large cargo materials, and more.
The timing could not have been worse for American agriculture.
Baltimore is the largest entry point for all large agricultural and construction equipment, and this will have a ripple effect across US agriculture in general. It has been noted that this collapse occurred during the peak of planting season for Midwest region as the ground has begun to thaw. Our entire food supply is at risk.
The bridge helped to link major cities from Baltimore like Philadelphia, Washington, and New York. Over 15,000 people are employed directly through the port, and 139,000 have indirect jobs in connections. All of this amounts to $3.3 billion in personal income, as noted by Axios.
Analysts are saying this will cripple Baltimore, but it will send ripple effects throughout the entire US economy.
The angle the cargo ship took is extremely confusing. Engineers are perplexed by the situation. How did it manage to take out one of the two major anchor points? The video makes it look as if the ship deliberately steered into an anchor point. The cargo ship never made it into the approach land in the channel. Where was the harbor pilot? There was no horn blast or warning tug. There was no tug boat, but they say that it was not needed once the ship entered the channel. There happened to be a full moon that enabled maximum tidal shift. My eyes may deceive me, but the video footage makes it look like the captain steered directly into the support beam at the last minute.
Half a mile of the bridge simply collapsed. It looks more like a strategic demolition based on how the bridge crumbled. Now, here in Tampa Bay, a cardo ship hit the Sunshine Skyway Bridge over 40 years ago. A portion of the bridge came down but it did not simply fall into the waters in the same manner. This is reminiscent of the 9/11 collapse, but of course, people did not have smart phones back then. This event happened in the middle of the night when few people were around to witness it. Some say this passage is hard to navigate but cargo ships managed just fine for nearly half a century up until this week.
Baltimore Police Commissioner Richard Worley said, “There is absolutely no indication that there’s any terrorism, or that this was done on purpose.” The US government insists this was simply a tragic unpreventable accident. Official reports say there were no signs of explosives and no foreign terrorist agency is claiming responsibility for the event.
The same ship collapsed a bridge in Belgium back in 2016, and I do not think this was an act of foreign terrorism.
This event divided the US along the Mason-Dixon line, bringing us back to the pre-Civil War era. Did US intel have a role in this “accident” that happened at the worst possible time? Klaus Schwab of the World Economic Forum stated that an attack on infrastructure – a cyber pandemic — would cause the COVID-19 crisis to look like a “small disturbance” in comparison. Carefully watch the video below and note how they explain these events to us long before they take place.
Posted originally on the CTH on March 27, 2024 | Sundance
The NTSB gives an update on the Francis Scott Key bridge collapse in Baltimore, Maryland, following the impact of a Singaporean-flagged cargo ship, the Dali.
According to the update, 56 containers of hazardous materials were on board, including corrosive flammable cells, lithium ion batteries, and other hazardous materials. Some of the HAZMAT containers were compromised and some fell into the water. The briefing also gives a preliminary outline as an outcome of an initial review of the voyage data recorder (VDR) for six hours 00:00 to 06:00 on the morning of the impact. The timeline discussion occurs at 11:00 of the video below. WATCH:
(Via Fox News) -[…] Homendy said the investigation would be a “massive undertaking” that is expected two take one to two years. She added that the NTSB will not hesitate to issue urgent safety recommendations during that time frame. A preliminary report is expected in only two to four weeks.
Part of the investigation will be determining what caused the ship to lose power before hitting the bridge. The source of that outage remained unknown as of Wednesday, Homendy said.
Homendy said tugboats were called to help the vessel leave the port and get to the main channel. The vessel does not have any tugboats at this time. Homendy confirmed that vessel did not have any tugboats helping it navigate through the waters before it hit the bridge. The VDR showed that the pilot called for tugboats just before 1:30 a.m. after the vessel hit the bridge.
The NTSB has confirmed that there were 21 crewmembers on board the vessel at the time of the accident plus two pilots. (LINK)
We know that the Klaus Schwab’s World Economic Forum is trying to take over the world. with their Great Reset and Build Back Better program. We also know that Klaus’s Young Global leaders are impeded in high places in every major country and probably some of the US Neocons are with him. So what does this have to do with the Francis Scott Key bridge being destroyed by being hit my a cargo ship that just happens to be out of the channel and having a “power” failure and hitting one of the two main support column taking down the entire span over the Chesapeake Bay.
(Via MSM) – […] The Singapore-flagged 948 ft. Dali vessel crashed into a column supporting the Francis Scott Key Bridge at around 1:30 a.m. local time in Baltimore, causing part of the bridge to collapse and catch fire before sinking.
The port of Baltimore is a key port in the US and it is now shut down until all the debris in the bay can be removed. Shutting this port down is a major blow to the US economy and also to the EU which gets coal and LNG to make up for what that they can no longer get from Russia. We also know the the US was involved in taking out Nord Stream 1 and 2 pipe lines into Germany. And that was blamed on Russia even though it made no sense.
Why do I think this is a False Flag event? Well we know the US Neocons what war with Russia so what if they used CIA resources to hack into the ships systems and steer in into the bridge support. Then claim it was the Russians that did it. This would be a direct attack on the US and would mean Biden could declare War on Russia. This would be a perfect False Flag event!
Look at the bow of the container ship there is no damage to it how is that possible?
This is my personal opinion based on education and knowledge of the operations of the IC community.
Posted originally on Mar 27, 2024 By Martin Armstrong
Prime Minister Donald Tusk initially promised to double the annual tax-free income allowance to 60,000 zloty (€13,929), but now “there is no room” in the budget. Why? All of the money is going to Ukraine.
Poland increased its defense budget to 3% of GDP in 2022, followed by a raise to 4% in 2023. Poland provides NATO with more funding as a percentage of GDP than any other European nation.
It will not be possible to double the tax-free income allowance to 60,000 zloty – which Donald Tusk had promised to do this year – until 2026 at the earliest, says the finance minister.
— Notes from Poland 🇵🇱 (@notesfrompoland) March 25, 2024
The reason that Poland is unable to say when or how they will decrease taxes is WAR. Finance Minister Andrzej Domański is promising the people that the government will fulfill its promises by 2026. “In my opinion, at the moment, there is no room for the tax-free amount to increase to PLN 60,000 next year,” he told Polsat News. “We are in a near-war situation. We have rapidly increasing defence spending …The scale of incoming defence spending is really high,” the prime minister said, highlighting how much the Polish government is currently spending on Ukraine.
Polish exports to Ukraine rose 25% in 2017. In 2022, Ukraine exported $6.7 billion in goods to Poland, primarily in agricultural products, while Poland provided Ukraine with $9.07 billion in mainly energy and ammunition. The war in Ukraine has only strengthened trade between the neighboring coutries.
Russia has no intention of invading Poland, despite the government’s fearmongering. Instead, the people are being forced to fund an endless war on behalf of their government. The fact that the government cannot determine when funds will be free for use shows that they are planning for a prolonged battle on Ukrainian soil.
Posted originally on the CTH on March 27, 2024 | Sundance
After my latest outline on the looming probability of a dollar based CBDC {SEE HERE} I found myself saying, “I hate to say this, but most people really don’t care. For some, the issue is esoteric, abstract, and difficult to comprehend. For others, there is a massive blanket of comfortable ambivalence until the consequences hit. For the few who understand, this is extremely troubling.”
Then I step back, breathe and reevaluate my ability to communicate.
A few recent comments have me looking for something, anything, that will help people understand the scope and breadth of what I am trying to communicate, and the challenge therein. EXAMPLES:
[COMMENT #1]– I don’t know, this is way over my head, and I consider myself at least somewhat intelligent and informed. Other than a few twenties I keep in my wallet, all money of consequence in my life is already just digits in computer networks as far as I can perceive. I never actually see a check for my wages, much less any dead presidents.
[…] Not that I disagree, I just don’t understand. I’m at a loss as to why this is so qualitatively different as far as my financial security goes. Maybe it’s because I’m a resident of Illinois and have some sort of Stockholm Syndrome from knowing they can already, and do, raise my taxes – as much as they want, any time they want – and there is nothing to stop them. {link}
[COMMENT #2]I apologize for this stupid question, but I’m confused. How do the grey countries fit into this digital money and “world order” Pippa refers to?
Pippa states “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.”
China is grey on the map, as is Russia. If we, the mapped yellow USA, are being boxed in by the Russian sanctions how is it China is grey yet they were the first to introduce a digital currency? These insane, drunk with power “superpowers” – is their goal to color the entire world map yellow with the SWIFT network digital coin to control the entire world? {link}
You come here for understanding the world that exists, not the one we may hope to exist. If you are confused, I need to do a better job.
So, let me start.
I will start first with some information perhaps some do not know.
♦ Ever since the western sanctions against Russia were created, an entire new black market of finance has been created in the “grey zone” that circumvents the sanctions and assists the people trapped by them.
Almost no one, sans a handful of people I have met, really have a full scope understanding of what is going on.
You cannot discover this information within the yellow zone. You cannot get this level of comprehension from behind a keyboard safely in your home office or den. You have to put your boots on the ground, take some risks and see exactly how it works. {Example Here}
The Russian sanctions were not created to block the Russians. The Russian sanctions were created to wall-in the West.
There are now networks of people who operate in various places that create proactive financial mechanisms for what you might call, “financial preppers.”
These people and groups set up bank accounts in foreign countries for you; they organize addresses (needed), phone numbers (needed), and create accounts that you can access that are outside the control of the dollar-based financial system. You can even get an official passport in the process.
These people also sell hardware [to support the phone numbers (really digital ids)] that is completely different from what exists behind the wall of the yellow zone.
How many Americans know that an iPhone-15 sold in the USA is completely different from an iPhone-15 sold outside the yellow zone? Meaning the internal hardware is different. How many Americans know that?
How many Americans know that an iPhone-15 sold inside the USA has different originating software than an iPhone-15 sold outside the USA?
How many people know that when you purchase one of these “ghost phones” the data network automatically identifies the disparity when the phone crosses into the yellow zone, and shortly thereafter the cellular network transmits a software update to bring the “ghost phone” into USA (yellow zone) compliance?
How many Americans know phone apps and internal app functions can exist on phones outside the yellow zone that do not exist inside the yellow zone?
Example: use a ghost phone and you can access a digital wallet in Telegram; you can transmit funds to other Telegram users. However, use a USA compliant phone and you cannot. The function is there but the service is, “not available in your area.”
Why?
It’s about control.
If you don’t update the software, the function exists inside the yellow zone. However, update the software and the function disappears.
This happens.
Another real-life example was recently missed by many people when the story of the Apple Watch Series 9, was found to have violated patent technology and banned for sale in the USA. {STORY}
To get into legal compliance, Apple transmitted a remote software update disabling the function of the patent technology in the USA. Again, for emphasis, only in the USA. Bring your non-compliant Series-9 into the range of a wifi network and bingo auto-compliance. I mention this story only to highlight a modern compliance capability that many people do not know exists.
In essence, your tech devices -and the capability therein- are different than an identical tech device sold outside the western control zone.
♦ Technology is intertwined with Central Bank Digital Currencies. Tech companies are regulated by the U.S/Western government, and the tech companies have to comply. The regulatory compliance is part of the process of control. There are regulatory walls around us that most do not understand. The same regulatory principle applies to finance and banking. Hence, the origination motive of the yellow zone wall, built under the auspices of Russian sanctions.
Let me make one big point resoundingly clear before moving on. When the WESTERN Central Bank Digital Currency system begins, all forms of cryptocurrency will be blocked and made unlawful, inside the western zone, either by regulation or by legislation.
Let me repeat this. Cryptocurrency in all forms will be banned.
Crypto is not technically a currency, it is a barter based on trust. However, at a certain point (origination or end) crypto must have the ability to transfer into currency value. Dollars (or another currency) are needed to purchase BitCoin,…. or BitCoin eventually sold or exchanged for Dollars (or another currency). [BitCoin only used as a familiar type of crypto.] This process is where crypto gets blocked.
Ownership of Crypto may not be unlawful, but any effort to use Crypto as an alternate digital currency to exchange value will be unlawful once the dollar based CBDC is launched.
A fully implemented govt controlled central bank digital currency will not allow competition. Alternate crypto currency will be banned. Without any doubt!
Back to the original questions:
“China is grey on the map, as is Russia. If we, the mapped yellow USA, are being boxed in by the Russian sanctions how is it China is grey yet they were the first to introduce a digital currency?”
The grey zone can trade amongst themselves however they want; the yellow zone (West) has no capability to stop them. ex. if Russia wants to trade 1,000 barrels of oil with China for 100 boxes of intel microchips, they can. Or if China and Russia want to exchange digital yen for digital rubles, they can; the West cannot stop them. However, if China wants to interact with a yellow zone member, the yellow zone financial rule makers have rules. China would have to be compliant with a dollar based CBDC to exchange value within the yellow zone.
Similarly, if you want to exchange a bushel of corn for 10 dozen eggs with your neighbor, you can; there is no mechanism to stop you. However, if you need to pay your mortgage you will have to be compliant with a dollar based CBDC to exchange value, ie pay your bill.
Which brings me to the next question:
“all money of consequence in my life is already just digits in computer networks as far as I can perceive. … I’m at a loss as to why this is so qualitatively different as far as my financial security.”
This is the common mistake that most people make.
There is a big difference between “electronic transactions” of dollars, and the existence of a “digital dollar.”
Let me give you a metaphor using a casino as the reference.
♦ CURRENT – You go to the casino window and exchange $10,000 dollars for poker chips valued at $10,000. You give the teller $10,000 in cash, bankers check, money order, a credit card or debit card transaction, and the teller gives you chips worth $10,000 in that casino. You can use the chips gambling and perhaps win more chips. Return to the window with $12,000 in casino chips and the teller exchanges the chips for $12,000 dollars, cash or check or deposit into your electronic card.
You meet a man in the casino willing to give you his fancy Rolex watch in exchange for $5,000. You give the man $5,000 worth of your poker chips and he gives you his Rolex watch. That man can then go to the teller window and exchange the chips for $5,000 in cash. You have the watch.
♦ DIGITAL DOLLAR – You go to the teller window and produce your bank card containing a digital dollar balance. You exchange $10,000 worth of your digital dollars for $10,ooo dollars’ worth of poker chips. Except this time, with a digital dollar, each poker chip has your fingerprint on it. You spend or bet your poker chips, and each chip you win also arrives to you with your fingerprint on it. You win $12,000 dollars. You return to the window with $12,000 in chips, each with your fingerprint, and the teller uploads your card with $12,000 digital dollars.
You meet a man in the casino willing to give you his fancy Rolex watch in exchange for $5,ooo. However, you cannot give the man your poker chips because they are unique to you and carrying your fingerprint. If he takes your fingerprint poker chips to the window, his fingerprint does not match the chip, his request for $5,000 in digital dollars would be denied. He cannot sell you his watch. Your transactional capability is limited by the digital fingerprint.
[If he was planning to sell his watch for $5,000 in order to purchase a motorcycle worth $5,ooo, it is possible for you to purchase the motorcycle, exchange it for his watch and then carry on. However, the motorcycle would be digitally registered to you, and you would be digitally registered to the motorcycle. A reconciliation process is needed.]
A digital dollar creates a unique id attached to that digital dollar. Ultimately, the central bank that issues the digital dollar controls what the digital id can do (that’s you), and what those digital dollars can be used for (what you can do).
Digital dollars can be blocked from gun purchases, and digital ids can be used to stop unapproved users from purchasing guns; or a gas guzzling suv, or a house that’s too big, or the non-compliant fridge, or whatever.
Sellers of goods (or information) can have their ids banned from receiving digital dollars, just as VISA and MasterCard blocked sellers of guns from accessing their electronic transaction system. With digital dollars, “demonetization”, an alarmingly familiar modern term, can become a function of a financial regulation system. “Debanking” another alarmingly familiar term, also becomes much easier.
Ultimately, a dollar-based US-Central Bank Digital Currency, ie a “digital dollar,” is about control.
Every transaction has a unique digital fingerprint, and every digital dollar can be traced by the IRS to the digital id associated with it.
There is a BIG difference between electronic funds (current), and a digital dollar (future).
Those in the UK are familiar with the challenges that accompany failed housing regulations, high demand, and low supply. A recent study by Resolution Foundation shows that those in the UK pay far more for housing than any nation in the OECD. Finland technically pays more, but not when factoring in the total amount the average Brit spends on housing costs. To put it in perspective, housing in the UK is nearly 50% more than the cost of others goods and services, the study found.
We warned about variable rate mortgages at the 2019 World Economic Conference in Rome. Mortgage rates have remained elevated since that period in the wake of the COVID economic tragedy. The UK has a higher rate of inflation than the general Euro Area at 3.4% in February vs 2.6%. The Bank of England is continuing to aim for that 2% target, similar to the Federal Reserve, but misaligned monetary and fiscal policies make it challenging.
Around 40% of housing was built in the early 1900s, the oldest inventory in the EU. Homes are significantly smaller, making apartments in New York City look lavish. Yet, co-housing arrangements are on the rise as people struggle to find a space to live. One in six young adults between 18 and 34 (2.6 million people) live in poor-quality housing, according to a report by the same think-tank. Overall, one in 10 people across the UK (6.5 million) live in subpar housing conditions. Homelessness is on the rise, especially among the youth. Youth homelessness in London has risen 20%, and Centrepoint Databank statistics reported an 8% rise (112,000 people) in young people seeking homelessness prevention measures.
Housing will be a key topic of discussion for the next election. Both sides want to implement plans to assist first-time buyers, but no one has made any meaningful progress to streamline the homebuying process or curtail the countless issues. One of the main issues is the migrant crisis – where will they house an additional 1.2 million new people when citizens cannot find housing? Simply put, the UK is full.
Posted originally on Mar 26, 2024 By Martin Armstrong
Most first-world nations are experiencing a crisis in housing affordability as there is simply not enough supply to meet the demand. Major corporations swept up the majority of homes when mortgage rates were artificially low. Those who own are less likely to less as they could downsize and still have a larger mortgage bill due to current rates. The Biden Administration has proposed a number of solutions, but none of them will solve the housing crisis.
Biden wants to punish landlords for “rent gouging” as part of his re-election strategy. “My administration is cracking down on big corporations who break antitrust laws by price fixing to keep the rents up,” Biden said in Las Vegas. “Landlords should be competing to give folks the best deal, not conspiring to charge them more.” The majority of landlords renting out homes would fall in the middle-class category. The elites are not using individual apartments or homes for their passive income. There are instances of price gouging, but landlords have no choice but to raise rent in the face of rising taxes and insurance premiums. Landlords are not providing housing as a public service. This is yet another method to punish the middle class that will result in a decrease in inventory when it is no longer lucrative for landlords to rent to those who cannot afford to buy.
As for purchasing, private investors accounted for 44% of all single-family home purchases in 2023 after three consecutive years of major corporations expanding their real estate portfolios. BlackRock is the largest landlord in America with a portfolio of over $120 in residential real estate. The goal is to own as much land as possible so that the people can become perpetual renters. BlackRock also is part of the World Economic Forum promises “sustainability” and “ESG integration,” and is a member of GRESB (formerly the Global Real Estate Sustainability Benchmark). GRESB is the global standard for providing and acquiring real estate and infrastructure in a sustainable way.
Biden plans to address the demand issue by building 2 million new homes to the tune of $20 billion. Well, we just experienced an influx of nearly 8 million new arrivals and his administration refuses to close the border. The plans for these housing are loose but the key is “affordability,” meaning these homes will go toward those already receiving government assistance. “My plan will also establish an innovative program to help communities build and renovate housing or convert housing from empty office spaces into housing, empty hotels into housing,” Biden said. He is looking at expanding the Low-Income Housing Tax Credit and providing low-income citizens and non-citizens with taxpayer funding to purchase homes. Again, this is an attack on the middle class and an action that will raise inflation.
You must realize that Biden, the US government, the EU, and countless others have openly said they are committed to the Great Reset presented by the World Economic Forum. YOU WILL OWN NOTHING! That is the plan here and precisely why the Biden Administration is taking action to hurt the middle class, and they have diluted the people into thinking they are above or below “middle class” standing. In every communist form of government, the middle class vanishes and you have the “haves” and the “have nots.” The WEF has presented their plans various times for 15-minute cities. There will be no solution to the housing crisis as there will be no solution to the migrant crisis because both are needed to push forward the Great Reset.
Posted originally on the CTH on March 25, 2024 | Sundance
If you followed my research on banking and the reality of the Russian sanction regime, this report from Reuters today takes on an entirely new dimension.
ME: …”The same way the Patriot Act was not designed to stop terrorism but rather to create a domestic surveillance system. So too were the “Russian Sanctions” not designed to sanction Russia, but rather to create the financial control system that will lead to a USA digital currency. The Western sanctions created a financial wall around the USA (dollar-based west), not to keep Russia out, but to keep us in. The Western sanction regime, the financial mechanisms they created and authorized, created the control gate that leads to a U.S. digital currency.” (more)
REUTERS TODAY: …”The firm [SWIFT] has gone from being virtually unknown outside banking circles to a household name since 2022 when it cut most of Russia’s banks off from its network as part of the West’s sanctions for the invasion of Ukraine. (more)
[The map shows the global financial cleaving, an outcome of sanctions against Russia]
I first started to deep dive research into these CBDC datapoints when the Russian sanctions were triggered.
You see, nothing about the sanctions really made sense from the way they were structured. Never before, not with Iran, North Korea, Venezuela or Cuba was the dollar weaponized against any entity who did not conform to the sanctions. Additionally, the intensity of the drive to make the sanctions the tip of the Western spear was just too pointed; something about it didn’t make sense. That’s what took me to dig deep into the sanction impact and realize nothing said about these financial sanctions made sense when compared against their actual outcome. {Go Deep}.
So, let’s start with the latest development:
(Reuters) – Global bank messaging network SWIFT is planning a new platform in the next one to two years to connect the wave of central bank digital currencies now in development to the existing finance system, it has told Reuters.
The move, which would be one of the most significant yet for the nascent CBDC ecosystem given SWIFT’s key role in global banking, is likely to be fine-tuned to when the first major ones are launched.
Around 90% of the world’s central banks are now exploring digital versions of their currencies. Most don’t want to be left behind by bitcoin and other cryptocurrencies, but are grappling with technological complexities.
SWIFT’s head of innovation, Nick Kerigan, said its latest trial, which took 6 months and involved a 38-member group of central banks, commercial banks and settlement platforms, had been one of the largest global collaborations on CBDCs and “tokenised” assets to date.
“We are looking at a roadmap to productize (launch as a product) in the next 12-24 months,” Kerigan said in an interview. “It’s moving out of experimental stage towards something that is becoming a reality.”
Although the timeframe could still shift if major economy CBDC launches get delayed, getting out the blocks for when they do would be a major boost for maintaining SWIFT’s incumbent dominance in the bank-to-bank plumbing network.
[…] A raft of heavyweight commercial banks including HSBC, Citibank, Deutsche Bank, Societe Generale, Standard Chartered and the CLS FX settlement platform all took part too, as did at least two banks from China.
The idea is that once the interlink solution is scaled-up, banks would have one main global connection point able to handle digital asset payments, rather than thousands if they were to set up an individual one with every counterparty. (read more)
The sanction regime against Russia was always intended to generate this outcome. This is the feature of the sanctions, not a flaw.
This dollar based CBDC was the intended destination of the people who constructed the Russian sanction plan (ex. BlackRock/WEF types). The Western politicians then were recruited and given instructions to support. Their cover story was “Build Back Better,” ie climate change, which was the predicate to the Russian sanctions.
I know at first blush a lot of this CBDC discussion seems esoteric, difficult to understand, and there are a lot of other issues happening simultaneously in the background. However, if you contemplate the biggest threat on this overarching power arc of Western government, you arrive to understand how serious this seemingly opaque issue really is.
2022 – NEW YORK, March 24 (Reuters) – BlackRock Inc’s (BLK.N) chief executive, Larry Fink, said on Thursday that the Russia-Ukraine war could end up accelerating digital currencies as a tool to settle international transactions, as the conflict upends the globalization drive of the last three decades.
In a letter to the shareholders of the world’s largest asset manager, Fink said the war will push countries to reassess currency dependencies, and that BlackRock was studying digital currencies and stablecoins due to increased client interest.
“A global digital payment system, thoughtfully designed, can enhance the settlement of international transactions while reducing the risk of money laundering and corruption”, he said.
[…] In the letter on Thursday, the chairman and CEO of the $10 trillion asset manager said the Russia-Ukraine crisis had put an end to the globalization forces at work over the past 30 years.
[…] “While companies’ and consumers’ balance sheets are strong today, giving them more of a cushion to weather these difficulties, a large-scale reorientation of supply chains will inherently be inflationary,” said Fink.
He said central banks were dealing with a dilemma they had not faced in decades, having to choose between living with high inflation or slowing economic activity to contain price pressures. (read more)
When the White House first started openly saying the Biden administration was reviewing how to implement CBDC’s, yes THAT Announcement ACTUALLY HAPPENED, September 2022, things from a research perspective really started to get serious. “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.” Whenever the U.S. govt says they’re “undecided,” pay close attention.
First things first with the Western financial sanctions- specifically the SWIFT exchange. It is true you cannot use VISA, Mastercard or any mainstream Western financial tools to conduct business in Russia; however, the number of workarounds for this issue are numerous. One of those tools is the use of a cryptocurrency like Bitcoin; and within that reality, you find something very ominous about the USA motive against crypto.
“I’ve always been deeply opposed to crypto, bitcoin, etc.,” Dimon said in response to a question from Sen. Elizabeth Warren, D-Mass. “The only true use case for it is criminals, drug traffickers … money laundering, tax avoidance because it is somewhat anonymous, not fully, and because you can move money instantaneously. “If I was the government, I would close it down.” (read more)
Dimon was/is positioning JPMorgan to be one of the facilitating beneficiaries of the financial control system evident within any CBDC process.
The US Treasury has set the financial system on an almost irreversible path to a U.S. Central Bank Digital Currency. As direct consequence, crypto currency alternatives are a threat to the establishment of that Western objective. This reality also pulls in the explanation around why the USA is so all-in for the banker-driven World War Reddit – the Russia-Ukraine conflict.
Conflict with Russia created the opportunity for the USA to create a sanctions regime that doesn’t truly sanction Russia; instead it controls the world of USA dollar-based finance. At the end of that control mechanism is a digital dollar, a Central Bank Digital Currency…. and by extension full control over U.S. citizen activity. The Marxist holy grail.
Take those reference points as an overlay, and now consider this little discussed 2022 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.
Prior to the White House announcement, 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 adviser 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, 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.
Can it be stopped? I struggle with that question. I look in the mirror, think about the reality of how many people think this is an absurd conspiracy theory, and respond with…. How many people even know about the thing you are asking them to oppose?
How many people would believe the Western sanctions against Russia were really the USG building a cage to keep us in? Information, we need to start there. That’s my answer.
During remarks in New Hampshire, President Trump announced he would never allow the creation of a central bank digital currency. WATCH:
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Of course, it should be noted….. as if the entire global system didn’t already oppose Donald Trump, this position against CBDC’s just puts an exclamation point on how the multinational financial systems will hate/oppose him even more.
This 2024 election is critical for a variety of reasons. However, high atop that list is this issue of how a dollar based CBDC is a threat to every liberty we cherish.
We will win this battle and eventually this war, or I’ll die fighting it.
They are trying to move fast, because people are catching on now.
We are on the right side of every issue; we cherish liberty and individual freedom. Our opposition is built upon a foundation of fraud and lies. The politicians are corrupt, and their arguments collapse when put in the sunlight; but they are not the root of the problem – they are vessels. That’s why the multinationals like BlackRock need the rules and referees (politicians) slanted in their favor. That’s why they need censorship, deplatforming, and beyond everything else…. they must control information.
…The key battle right now is an information war.
Tell your family, friends, neighbors. At first, they may think you are crazy, don’t quit. Share the information. Use the internal citations to help you bolster your arguments. Don’t quit planting seeds of information, and then update with additional information as it surfaces. Keep driving the awakening.
I have created this site to help people have fun in the kitchen. I write about enjoying life both in and out of my kitchen. Life is short! Make the most of it and enjoy!
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
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