Story at-a-glance
- In 2023, 11 countries have fully launched a digital currency while more than 20 more will move toward starting one
- 114 countries, which represent more than 95% of global GDP, are looking into CBDC — up from just 35 countries in 2020
- Finance guru Catherine Austin Fitts details 10 practical steps individuals can take to stop implementation of CBDCs
- Tips include using cash as much as possible and minimizing your use of digital systems, including avoiding biometric technology and QR codes
- Doing business with local people and entities you know and trust, and ditching large, multinational banks in favor of trustworthy local banks or credit unions will also help
Central bank digital currencies, or CBDCs, are government-backed digital currencies issued by a central bank. They’re being rapidly rolled out to bring about a new economic transaction system that could lead to a new form of modern-day slavery.
CBDCs are promoted as digital tokens that can simplify monetary policy and bring about convenient cashless societies. They’re also sometimes said to be similar to cryptocurrency1 due to their digital nature, but there are important, and major, distinctions.
While cryptocurrencies are decentralized and allow anonymous transactions, CBDCs are centralized and can track every transaction. They can also be controlled by the powers that be — meaning all your CBDC assets could be taken away or turned off by a central power, and there’d be nothing you could do about it.
CBDCs Are Part of the Plan to End All Currencies
Finance guru Catherine Austin Fitts — publisher of The Solari Report2 — warns that a slavery system, steeped in the ideologies of transhumanism and technocracy, is being created right before our eyes. The complicated, “messy” plan used the pandemic to engineer a total remake of world currencies and our entire way of life.3
Comparing the move to herding sheep to a slaughterhouse, Fitts explains how the pandemic lined people up to depend on their governments for protection from an invisible enemy (COVID-19) and then used fear to keep people from living what once was considered a normal life.
The herd mentality includes encouraging debt entrapment to the point that people become desperate for any type of cash flow that can help them meet their day-to-day living expenses, until they willingly give up their rights in exchange for any relief offered to them.
In The Corbett Report video above, you can hear Agustín Carstens, executive director of the Bank for International Settlements, describe the chilling truth about CBDCs. Corbett describes the Bank for International Settlements, by the way, as the “central bank of central banks — the apex of the financial monetary pyramid, identified by Carroll Quigley in ‘Tragedy and Hope’ — and others as the capstone of the Pyramid of Power.”4 Carstens says:5
“We don’t know, for example, who is using a $100 bill today. We don’t know who is using the 1,000-peso bill today. A key difference … with the CBDC is central bank will have absolute control on the rules and regulations that will determine the use of that expression of central bank liability. And also we will have the technology to enforce that.”
CBDCs Instrumental for Social Control
CBDCs are an integral part of a social control system. By removing paper currency and replacing it with CBDCs, your ability to engage in transactions can be monitored and turned on and off. What could this look like in your day-to-day life? British activist Maajid Nawaz put it into simple terms, likening CBDCs to vouchers instead of currency — vouchers that have a finite limit for certain purchases, and once your quota is met, you can’t obtain any more:6
“They want to replace fiat paper money with digital money as a competitor to Bitcoin and crypto money, right?
But instead of being decentralized currency, it will be controlled by a government … So instead of having a bank account with … HSBC or Bank of America, you’ll have a bank account directly with — in the American context, with the Fed — in the UK, directly with the Bank of England. You have a personal bank account, and you’re given digital money in that bank account.
… This money that you will earn from work, instead of having paper money, you have this digital money. It’s programmable so that you can’t buy certain foods, or if you do something that your employer doesn’t like … you won’t be able to spend your money. In other words, it’s not money, they’re vouchers.
They’re like food vouchers. And they can be programmed. So that, like the Chinese social credit system, if you try and use them on a certain thing, it won’t work. Say you want to buy a burger, and they want you to buy a box … if you start to try and buy unhealthy meat, it just won’t work … you tap your card, you can’t buy the thing, because you’ve met your quota that month, for burgers.”
“We’re talking about a world where most people are under 24/7 surveillance and then their financial incentives and their financial power are related to how well-behaved they are,” Fitts explains. Corbett uses parking tickets as another example of how CBDCs may come to dictate your every move:7
“Do you remember that parking ticket you forgot to pay last month? Well, your central bank issued CBDC, it remembers, and it will just subtract those funds plus a late payment fee from your account when you’re not looking.
Got caught supporting the wrong fundraiser or the wrong political cause, like the freedom convoy in Canada? Don’t worry. In a world of CBDC transactions, you wouldn’t have even been allowed to donate to that cause in the first place because your wallet wouldn’t let you.”
Let’s say, for another example, that you miss an appointment to get a vaccination. The system will know and your access to banking might be cut off until it registers that you got your shot. According to Fitts:8
“It is essential to understand the proposals underway. In my opinion, CBDCS (central bank digital currencies) are an essential part of the ongoing financial coup d’état which — if successful — will end constitutional government and human liberties in the U.S. and G7 nations. You need to take this seriously.”
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10 Actions You Can Take to Stop CBDCs
Implementation of CBDCs is moving ahead, fast. In 2023, 11 countries have fully launched a digital currency while more than 20 more will move toward starting one. All G7 nationals are now actively developing CBDCs, including the U.S. Further, 114 countries, which represent more than 95% of global GDP, are looking into CBDC — up from just 35 countries in 2020.9
However, widespread CBDCs are not yet inevitable. “It is important to recognize that there is a great deal that each one of us can do to take action,” Fitts says. “In a highly leveraged financial system such as we have, a single individual counts for a lot.”10 In response to the many requests she’s had from people wondering how to stop CBDCs, Fitts compiled these 10 top actions.11
1. Use cash — Fitts recommends using cash as much as possible — and not frequenting shops that don’t accept it:12
“Walk out on establishments that refuse to accept cash. When using remote facilities where cash is not possible, use checks if you can. We understand from one subscriber that check companies are scrambling to fill the orders of all of the bank customers who have requested checks recently. Whether the indicator is banking statistics or anecdotal reports from our subscribers, cash use is clearly rising.”
In addition to using cash, Fitts recommends keeping a stash of cash on hand, safely stowed in several locations. “Think small, and start thinking about all the ways you can spread your cash around and put it in different places, including outside of the banking and brokerage system,” she says, “but also how you can use your cash to permanently lower your expenses and permanently lower your risk.”13
Think like a squirrel does when stashing away acorns for the winter. You want to have your cash spread out, in “little pots all over the place.” This starts with keeping cash on hand in your home, ideally in a fireproof safe. Then you can expand to a safe deposit box at a bank, a small, local bank or investing in silver and gold coins.
2. Embrace analog — While some digitization is OK, an entirely digital system is at risk of being manipulated and controlled by a central power. Fitts recommends minimizing your use of digital systems, including avoiding biometric technology and QR codes. “Get invasive surveillance systems out of your home. Use hard-wired Internet connections, not Wi-Fi … While you are at it, refuse to use or support vaccine passports,” she says.14
3. Do business with people you trust — Focus on finding people of integrity with whom to conduct business. Even if it costs more, Fitts says, it’s worth it. “In the end, fraudsters and others who contribute to unhealthy systems through their own greed or lust for power cause untold losses. All those little expenses related to transacting with integrity can end up being lifesavers …”15
Corbett refers to this as “freedom cells” and recommends joining with a small group of eight or so other people, then connecting to other groups, engaging in a local exchange trading system or using some form of community currency. This “will facilitate actual productive economic activity if we arrive at the Mad Max apocalyptic scenario … or the government coming down and cracking down on dissent to the point of taking you off the payment grid,” he says.16
4. Choose a small, local bank — Ditch large, multinational banks in favor of trustworthy local banks or credit unions. While you’re there, let bankers know about the dangers of CBDCs. The Solari Report even has a template letter17 you can use to inform your bankers about the downsides of CBDCs. It reads, in part:18
“It strikes me that creating a different, yet centrally controlled fiat currency that can be created from thin air and manipulated by unelected central bankers does not promote U.S. financial stability or provide citizens with consumer and investor protections — except in the sense that totalitarian governments can be financially stable through the power of taxation without representation and the ability to micromanage and regulate the spending of families and small enterprise.”
5. Finance friends, not enemies — While limiting the number of online and digital financial transactions you make, avoid supporting credit card companies and financial technology (fintech) firms intent on expanding digital IDs, vaccine passports and CBDCs. Instead, focus on making financial transactions with like-minded people and entities.
“Financing your local farmer or farm distribution service may not look like a great money-maker,” Fitts explains, “but it means you will have a better chance of not being cornered into eating insects and lab-grown meat.”19 The idea is to establish of form of survival currency that allows you to eat, maintain shelter and survive in a worst-case scenario.
“When you are in a survival situation,” Corbett explains, “where you were literally scrambling to provide food for your family… let’s start from that point of the survival currency. What can I do to facilitate exchange with people in my area, who I want to exchange with, but we don’t have access to these dollars or pesos, or whatever.”20 Examples of survival currencies, which each have their own pros and cons, include precious metals, cryptocurrencies and bartering.
6. Ask state officials to support financial freedom — Fitts recommends asking your state legislators to start a sovereign state bank that protects the right to free financial transactions. She explains:21
“Make sure it is a sovereign bank that supports (and does not and cannot compete with) private community banks and credit unions, and helps to ensure they can provide free private financial transactions.
While you are at it, ask them to start a state bullion depository. Then, in the worst-case scenario, you can use your gold and silver as a local currency (if your state has been smart enough to cancel sales tax on precious metals — if not, that’s another matter to bring up with state legislators).”
7. Hold the New York Fed accountable — The New York Federal Reserve Bank, which acts as the depository of the U.S. government and stores the largest known depository of gold in the world, holds immense power over U.S. financial policy.22
Fitts suggests contacting your congressional representatives to demand an audit of the New York Fed, including tracing $21 trillion in funds missing from the U.S. government — which amounts to $65,000 per person in the U.S. — and returning it. She adds:23
“Clearly communicate that congressional representatives are not to pass any legislation or grant the Fed (most notably the New York Fed) any more powers or funding until the Fed is audited, transparent and held accountable, and makes restitution for all illegal transactions in U.S. government accounts held by it or its member banks.
Congress should not accept any argument that the executive branch has the authority to proceed with the institution of CBDCs without congressional approval.”
8. Tell the US to leave WHO — The U.S. government has close ties to the World Health Organization. Not only does it provide between $200 million and $600 million in funding annually, but it’s actively engaged with the organization.24
“The WHO, among other unacceptable actions, is using the health care system to institute vaccine passports,” Fitts says, “which is simply a way of getting the authentication system needed for CBDCs and spatial control.” The Solari Report has a template you can use to send to your representatives regarding WHO’s pending amendments to existing International Health Regulations.25
9. Reject taxation without representation — CBDCs will rapidly usher in an era of taxation without representation, leading to the end of liberty. By granting complete control of individuals’ financial transactions to central bankers, CBDCs allow the government to maintain complete control.
“Under a CBDC system in which government maintains and controls all financial transactions, if a citizen objects to taxation without representation by refusing to pay federal taxes in the face of gross violations of the Constitution and human rights, the central bankers can simply take the taxed amounts from such individuals’ accounts,” Fitts explains.26
10. Share your knowledge with friends and family — Tell everyone you know about the true intention of CBDCs so they can also take action against them. This includes educating yourself and others to resist propaganda tactics being used by Big Tech to influence public opinion and individual minds.
If we can decentralize financial power, it will lead to an improved economy and future, Fitts notes, and practical opportunities are all around us. For instance, embrace local farmers and grow as much of your fresh food as possible. “If we grow our own food supply, it will make it much harder for the bankers to control the transaction system,” Fitts says.27
So, rather than feeling defeated, recognize that the opportunity exists to win this battle, one action and one individual at a time. As Fitts explains, there’s room for everyone to get involved:28
“Central banks are pushing for central control — they believe if they do not do so, they will lose control. Given that they do not provide essential functions and their exercise of control is exceptionally damaging and expensive, that could be a very good thing for both our freedom and our pocketbooks.
The opportunity depends on our leadership. So start leading where you can and as you can. You never know what can happen until you try!”
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Stores are using the crime excuse to stop accepting cash. Now you know why they won’t prosecute theft and other crime. it’s an excuse to lock everything up and force people to use a QR code which will morph into the V-passport. The same idiots that lined up for the jab will accept this. God forbid they are inconvenienced. Lazy slobs.
PS: Whole Foods is already doing this. Can’t enter several of their locations without a QR code.
This Was Another Big Week for Central Bank Digital Currencies (CBDCs)
This week, two big things happened in the CBDC arena. One of the world’s oldest central banks, the Bank of England, and the British government jointly confirmed that a digital pound would probably be necessary at some point in the none-too-distant future. While they were saying that, lengthy queues were forming at ATMs across Nigeria, the first largish economy to launch a central bank digital currency (CBDC), as most Nigerians struggle to access physical money following the government’s disastrous demonetisation campaign.
A Warning from Nigeria
But only one largish economy has actually fully launched a CBDC, and that is Nigeria. And the results have so far been disastrous.
The eNaira has so far been a total flop, as I reported for NC in July and November last year. One year after its launch, in October 2021, fewer than 0.5% of the population had downloaded an eNaira wallet — a thoroughly underwhelming number in a country with an estimated population of 225 million people…
In a country that was already grappling with a currency crisis, soaring inflation and fuel shortages (despite being Africa’s largest oil producer) and whose sovereign rating was recently downgraded even deeper into junk territory, there is now an acute shortage of money. As in India, the result has endless lines at ATMs. Commuters in the capital and beyond have been left stranded with no cash to pay for transportation back home. Many small businesses, which represent the lion’s share of the economy, and predominantly rely on cash payments, have had to shut down as their customers have no money to pay…
This is a monetary experiment going very badly wrong in real time, and one which other central banks will presumably be learning from. But even as Nigerians’ lives and businesses have been plunged into chaos, the government and central bank see it as a small price that is well worth paying. Godwin Emefiele, the CBN governor, has hailed the experiment as a success, given that 80% of the $7.2 billion previously held in private hands had been deposited with financial institutions, which he labels a success. Finance Minister Zainab Ahmed concurred, saying: “The only sore point is the pain it has caused to citizens.”
What Can I Do to Stop CBDCs?
Not one damned thing. It’s Biblical, so unless you can kill God or make Him a liar, you might as well pucker up.
I don’t like it any more than most people, but I refuse to retreat into delusion.
“What Can I Do to Stop CBDCs?”……..,well ,provide security/aid to hackers who can crash the whole damn thing.
That is just one of many ideas,rather fight then “pucker up”.
Perhaps,but at least I am fighting.
I’m with you brother. Its just not in me to sit and await the axe to fall.
I think you both misunderstand my position. I have nothing against anyone doing whatever their conscience leads them to do…short of involving me personally.
I simply believe that it IS Biblical and therefore inevitable. Fighting in the interests of filthy lucre is not the hill I want to die on. It doesn’t look good on the old resume.
I’m more interested in the methodology of HOW God is going to deliver me outside that system…because that is where I intend to be when the mop finally flops.
And my reply would be “god helps those who help themselves”.
On a side note,am a agnostic.
That is nowhere to be found in The Holy bible. Quite the contrary is actually closer to the truth. God helps those who can’t help themselves. Happens every day.
CS -I understand that position fully. I see the ending and cheated, read the ending in the Book. Its plain to understand that God, being God, could merely breath a word and all troubles would end, that day is fast coming upon us. But, he has chosen men to be his agents of change. I for one will answer the call when he says
Isaiah 6:8
Also I heard the voice of the Lord, saying, Whom shall I send, and who will go for us? Then said I, Here am I; send me.
I live my life “on call”.
God isn’t mandating this crap TCS & I don’t see where it is biblical.
If you aren’t seeing it, it’s because you don’t want to…which tells me you’re living in a fortress of wilful ignorance or cowardice. Suffice it to say that I do not envy you in the least.
People are choosing the free will to do so but believe they’ll escape the consequences of their actions.
Have you ever considered the will of God is achieved, knowingly or unknowingly, through the actions of intermediaries, both good and evil simply by the choices they make?
Paul’s letter to the Thessalonians speaks of God sending a strong delusion in order for people believe a lie. They do so by choice.
A big lesson many believers need to learn is to not interpret scripture in light of current events.
In the 1980’s I heard about a lot of “believers” give up when they read Hal Lindsay’s “Late, Great Planet Earth”. Some of them sold everything they had, some stopped going to their jobs, etc. Hal, along with all the other ‘prophets’, was wrong on every count . Or, at least far enough off that he set back the Christian viewpoint and made us look disconnected with reality.
In Revelation, John was writing to a first century audience. He spoke of events which must come shortly, meaning they could possibly experience them. He was warning them. 1900 years is not shortly to his audience. There was time in the Roman Empire when no one could buy or sell without papers or Imperial currency. The number 666 points directly at and is specific to Neron Kaisar whose name in Hebrew adds up to 666. The beast John was referring to is Nero. Also note, there are 3 options for being able to buy or sell not just the mark. The fear-porn crowd leaves out important details.
17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.
The point is that the current events are not necessarily the events described by John in Revelation. This means they are not a foretold prophesy or forgone conclusion. I’m going to bet there will be some other event coming down that will motivate the King of Kings to put his foot down and put a stop to all this nonsense before they fully implement this.
I keep waiting for Him to get tired of having the children raped and murdered by the psychopaths in our societies but that’s just my particular beef with Him. I’d happily trade off facing Him in judgement if He’d stomp these motherf**kers into the dirt.
Not retreating into delusion would require us to oppose CDBC’s without a fatalistic mindset. Men have sought to control other men since time immemorial, this is just the psychopaths from our generation attempting it. Christ Himself said that “No man will know.” when speaking about His return. I’ll take His word for it before anyone else’s.
I’m sorry … but just where in any of the direct words of God is there anything to do with money — other than when Christ threw the (((money changers))) out of the temple?
God also doesn’t do real estate … it’s not part of the plan for US … it’d also prove to be divisive — which is totally against God’s Great Commandment — to love God with your whole heart and your whole soul and your whole being, and to love your neighbor as yourself.
Direct words of God? Exactly when has anyone had those? Can I have a copy?
Tom Woods announces this CBDC dodge:
The suggestions of contacting state or fed representatives is ridiculous. Since when have tyrants listened to the people they rule over.
My prediction is this will be an absolute disaster. Those that love a good boot on their neck will clap like seals and comply as always, but I think this will wake up a few more people as the entire concept is against human nature.
On the contrary, I think it is very much in line with human nature. Most people want to be ruled.
Not me. Not you. Not TBPers. But most people.
Always willing to sacrifice freedom for security or even mere convenience. They forge their own chains and build their own prisons because, in prison, somebody else is responsible for providing your meals. It will never dawn on them that that dependency will bite them, until it’s too late.
Lessons from Venezuela. Do NOT store anything in a bank. When they slam the doors shut, literally, how do you think you will access that resource if its IN the bank?? Even if you were able to get at it, how will you get past the fellas hanging around the banks looking to ‘help’ you carry your valuables??
Stay away from banks, period.
Money out. Check.
Ammo up. Check check.
Up armor. Check, check and check.
This bird is ready for take off.
Be sure the bird has chameleon type tendencies!
Not directed at anyone here but its often a position I’m forced into when meeting people these days.
I can do you one better…
…but you’ve got the right idea with the camo.
Also, that “crow” had one deformed looking beak. Made me look though!
Become one with the hedge. Ghillie suits are fabulous things.
I’ve actually disappeared in public in front of friends. Built one in my spare time from a set of Dickies coveralls and strips of multi-colored fabric. The dumb broad who sold me the fabric expressed her ignorant opinion of me being a “creepy stalker”.
I told her “From your perspective, yes … but I’m not hunting YOU.”
This was back in the ’90’s when Virginia was overrun by more deer than stupid blue wokies.
The “je ne sais quoi” of the cat. The black ones, especially.
If you have been in their presence you will know they are the ultimate expression of feline naughtiness. Look into his face and see your own ferality staring right back at you.
And, yet, in ancient Egypt, there was a goddess in the form of a cat — Bastet — and we deliberately gave our black female cat that name … and she lived up to it.
Good advice for a bank “holiday”, a bail-in, a financial crisis, or a collapsing currency. All of which may happen before the switch to CBDCs.
However, when they switch to a CBDC, it won’t matter.
You won’t be able to pay with cash (bills), you won’t be able to get anything but CBDCs in return for your gold, and you won’t be able to pay your property tax in anything but CBDCs (which you can’t access without appurtenant digital ID, social credit, and carbon credits).
Once they go purely digital and eliminate cash, you will either be a part of the system or you won’t be. There won’t be temporary work arounds, half-measures or fence sitting. All or nothing.
Yes, this is what I am most worried about.
And here in the US, it’ll likely happen from one day to the next … as someone stated there will be an announcement on a Friday evening of some sort of issues with the Central Bank … and then it’ll be all she wrote.
I can’t help but wonder if this isn’t what they had in mind in 1913 when the Federal Reserve Bank was created — in secrecy — on a weekend — on a place aptly named Jekyll Island … and all of the (((usual suspects))) were the ones who did it to US.
CBD good. Make healthy happy.
CBDC. Berry berry bad.
…. and without abolishing the 2nd Amendment, it will effectively no longer exist.
CBCDs simply will not allow the purchase of guns or ammo, silver or gold, etc. The Govt hasn’t rescinded it. It’s still in the Constitution. But, the Bankers have stopped permitting their purchase or reduced it to some ridiculous number.
The window is closing on a lifetime of needs that will no longer be available to you. Get what you think you’ll need or forever do without.
Silver can always be exchanged for brass and lead. Stocking up on all of it may not make you rich, but can make you influential in the right company.
Pick that company wisely.
Even before getting to that point — firearms manufacturers won’t be able to transact any facet of their business … thus the end of the 2d Amendment will be instantaneous.