Let me explain something. Klaus Schwab is NOT retiring, nor is he leaving the WEF. Because of all the toxic hatred hurled at Schwab personally, he has only stepped down from the executive position. That is no different from the Chairman of a Board, who is also the CEO, steps down from only the CEO but retains the Chairmanship to which the new CEO is subordinate. You are NOT getting rid of Schwab so easily.
They are about to take up legislation on the topic of crypto currency, regulation and overall ramifications therein. Keeping in mind that a dollar-based Central Bank Digital Currency (CBDC) cannot and will not coexist within a financial system that permits the transition (the exchange) of dollars into crypto and vice-versa.
Put simply, in the Western financial system, crypto currency cannot exist with a CBDC. Duality of currency is possible outside the West, but not feasible, viable or possible given the political motivations behind the creation of the dollar-based CBDC.
First things first….. Remember just before Super Tuesday 2020 when all the Democrat candidates for the Dem nomination dropped out and fell in line behind China Joe? Do you remember Warren staying in to support Joe by splitting the Bernie vote and everyone wondered what her payment was going to be? Here’s your answer.
The holy grail for the progressive movement was formerly known as a “carbon trading” process or platform, where you would have to pay a fee for your specific life choices and human existence. That objective or goal never went away; it just modified into a process that would create the mechanism for the payment system – that’s the dollar-based CBDC.
Just like Obamacare, there is going to be a myriad of “If you like your doctor, you can keep your doctor” promises with CBDC. And there will be some “You have to pass the bill to see what is in the bill” later espousals to convolute the former promises as they conflict with the CBDC legislative outcomes that start to gain attention.
From the perspective of DC, control over us is the upside; however, their CBDC aspiration comes with a downside – direct bribery and money laundering for political benefit becomes harder. So, what we know they will try to achieve is something like they just did with FISA 702 renewal. Whereby everyone outside DC will be banned from crypto ownership, but everyone inside DC is exempt from the rule. [Remember, under their very specific FISA- 702 extension, DHS is not permitted to use electronic surveillance on federal politicians (without knowledge), only the proles.]
With the crypto currency issue, the ideological communists in DC (both Republican and Democrats alike) will demand legislation to block, ban and regulate the crypto exchange. The UniParty will not want a competing process for the exchange of value that subverts the control mechanism of the federal government.
(Washington DC) – Sen. Elizabeth Warren’s anti-cryptocurrency crusade is facing pressure from her own party.
Dozens of Democrats, including Senate Majority Leader Chuck Schumer, have broken with her in recent days and supported an effort to undo SEC guidelines that critics say discourage banks from holding digital assets. The Democrats defied not only Warren, but also President Joe Biden, who is threatening to veto the rollback. The rift may grow further next week when the House takes up sweeping, industry-backed legislation to incorporate crypto trading into federal financial regulations.
[…] The party’s Capitol Hill clash over crypto policy comes as the issue is becoming more prominent in the 2024 campaign. Former President Donald Trump is courting crypto fans, though they may represent a small minority of the electorate, and signaling that he’d rein in the SEC’s crackdown on the industry. Crypto super PACs are poised to spend more than $80 million to influence control of Congress and secure friendlier policy. It’s leaving Democrats at odds over whether to follow Warren’s push to clamp down on crypto firms or to take a friendlier approach. (read more)
The communists who are organizing the financial control system want to use the justification of war, North Korea, and a variety of foreign adversary arguments as well as drugs, criminal and human trafficking, as the manufactured crisis (scary shiny thing) not to be wasted. I mean if you like BitCoin, DC will claim you are a deviant predator of children who abuses drugs and loves some Kim Jong-Un dontchaknow.
The five major banks, all of whom gain maximum benefit from the CBDC as transfer brokers, will join Jamie Dimon (JPMorgan) and decry crypto as the planet harming, energy intense, earth polluting system that is currently melting the ice caps. Meanwhile Greta Thunberg and Taylor Swift will assemble their perpetually depressed Gen-Z forces against BitCoin et al.
Just watch, the seeds of the nonsense are already planted.
The Yellow Zone is specifically constructed to begin using a dollar-based CBDC likely sometime after the 2024 election, with open tests in 2025 depending on the election outcome. Even if Trump wins the ’24 U.S election, the bankers who control the rest of the yellow zone will continue implementation of the Dollar-Based Central Bank Digital Currency (DBCBDC) without direct USA participation (they will wait out Trump’s term).
Retail sales in the US fell short of expectations this month, according to data compiled by the Commerce Department. Retail spending decreased 0.6% from April to March, undermining forecasts of a 0.4% decrease. Yet, Americans are spending MORE on the essentials such as groceries. How is this a shocking admittance to anyone?
Even online sales fell by 1.2% from March to April. Americans spent 1.6% less at clothing retailers, and 0.9% less at hobby stores on a monthly basis. Again, of no surprise, gasoline sales rose 3.1%.
The Fed is attempting to smooth over the data, using rhetorical language such as the economy is presenting a “softer tone.” Federal Reserve Bank of New York President John Williams, who believes monetary policy is “in a good place” albeit “restrictive.” Williams, like Chair Powell, said that there are no indicators stating a need to lower interest rates. “I don’t expect to get that greater confidence that we need to see on the inflation progress towards a 2% goal in the very near term.”
The Fed held rates loosely for so long that there was not much it could do, in addition to the utter disaster that is America’s fiscal policy. I explained in another post why the Fed simply cannot attain the 2% target.
People do not have the disposable income to spend on retail at this point, and those who do prefer to invest or save those funds as confidence has vanished, leading to a pullback in spending on nonessentials. Bad news for America’s consumer-based economy.
April’s CPI is up 3.4% YoY, slightly down from March’s 3.5% posting. I do not believe they are accurately calculating prices. No one believes them at this point. So, we should expect the Fed to maintain the 5.25% to 5.50% rates at the next FOMC meeting. Inflation is here to stay.
Powell reiterated this week that he does not see any short-term need to lower interest rates. The Fed remains delicate in its speech to the public. They knew that inflation would continue rising due to various factors but had to say they were awaiting incoming data. The data is in for Q1 and nothing indicates that inflation is easing, therefore, expect rates to hold.
The Labor Department noted that the PPI rose to 0.5% in April from May, up 2.2% since the year prior. PCE, the Fed’s primary inflation indicator, rose 2.7% in Match from 2.5% in February. The US economy overall advanced 2.7% from October to December. We are looking at inflation beginning to rise faster than economic growth, which will lead to stagflation.
I have pointed out numerous times that the various measures provided to the public drastically downplay the dollar’s loss in purchasing power. Americans can feel it daily every time they make a purchase or check their bank accounts.
I explained that we already began experiencing stagflation in 2021. Normally, the standard definition of “stagflation” has been explained as slow economic growth with relatively high unemployment/or economic stagnation that takes place with rising prices. Some have also defined it as a period of inflation combined with a decline in the gross domestic product (GDP).
Stagflation became a term that defined the 1970s because economic growth was still positive, but the rate of inflation was far greater due to the price shock of the OPEC embargo. The Democrats are constantly pushing to raise taxes, and sent corporations fleeing offshore, and it was NOT merely because of the tax rate. Back then, I testified before the House Ways & Means Committee on taxation, and they wanted to know why NO American company got a contract from China to construct the Yellow River Dam. I explained that German companies were NOT taxed on worldwide income, and as such, they were already 40% less than an American company because Americans pay taxes on worldwide income, and the ONLY other country to that was Japan. Thus, American companies moved offshore, NOT because labor was cheaper, but so they could complete.
Now, we have additional regulations that are making it increasingly difficult for American businesses to prosper. The capital gains tax will be a nail in the coffin. The recent tariff slap on China will also cause the price of goods to rise and harm the supply chain.
Remember, inflation was only 1.4% when Joe Biden took office – far beneath the Fed’s target. Inflation has risen as a direct result of fiscal policies under Bidenomics. The government has completely ignored the Fed’s warning that it must curtail spending. We are sacrificing our economy for the interests of the globalists.
The New York Federal Reserve reported that American households set a new record after plummeting into $17.69 trillion of debt, a 1.1% ($184 billion) increase from Q4 2023. Worse, the number of delinquencies is rising as households struggle to make ends meet amid the cost of living crisis. Inflation is not waning, taxes are rising, and America’s debt burden has become utterly unmanageable.
Mortgage balances rose by $190 billion and reached $12.44 trillion by March. People are paying far more in interest alone than they have in recent years. Those who bought in the hopes of refinancing are not in a good position. Auto loan debt rose by $9 billion, reaching $1.62 trillion.
Americans have been attempting to pay off their credit card balances, with overall credit card debt declining by $14 billion to $1.12 trillion. Yet, that was close to a record-high for credit card debt and we tend to see balances lowered after the holiday retail spending spree ends. Consumers do not want to pay those 20%+ interest rates on cards but many are forced to do so simply to put food on the table.
Delinquencies are rising – this is a major issue. It is difficult to crawl out of debt once someone is deep within the cycle. “In the first quarter of 2024, credit card and auto loan transition rates into serious delinquency continued to rise across all age groups,” said Joelle Scally, regional economic principal within the Household and Public Policy Research Division at the New York Fed. “An increasing number of borrowers missed credit card payments, revealing worsening financial distress among some households.”
Credit card delinquencies have reached their highest levels since 2012 when America was recovering from the Great Recession. In fact, by the end of Q1 2024, around 3.2% of all outstanding debt was in delinquency. The New York Fed reported a rise in missed payments across all debts, including those 90 days past due.
No foreign nation is coming to offer America a bailout check. The Biden Administration has made it clear that American households are NOT Washington’s priority. We are to continue working and paying taxes in order to fund foreign wars and climate change packages. How else will we house those 7+ million illegal migrants and offer them free healthcare and shelter? How else will we pay off the student loans for millions? How else will we continue to grow the public sector and pay for countless new social programs? Americans are in serious debt, and Washington is all but ensuring this trend continues.
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!
De Oppresso Liber
A group of Americans united by our commitment to Freedom, Constitutional Governance, and Civic Duty.
Share the truth at whatever cost.
De Oppresso Liber
Uncensored updates on world events, economics, the environment and medicine
De Oppresso Liber
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
Australia's Front Line | Since 2011
See what War is like and how it affects our Warriors
Nwo News, End Time, Deep State, World News, No Fake News
De Oppresso Liber
Politics | Talk | Opinion - Contact Info: stellasplace@wowway.com
Exposition and Encouragement
The Physician Wellness Movement and Illegitimate Authority: The Need for Revolt and Reconstruction
Real Estate Lending
Centinel2012 
