Tag: CBDCs

CBDC & the Fall of Western Society

Guest Post by Martin Armstrong

When Rome fell, gold continued in the East under the Byzantine and Islamic Empires. However, in Europe, the last Western emperor was Romulus Augustus (475-476AD) who was a puppet anyhow. He was a young son, whereas today, we have senile leaders who are puppets and incapable of independent rational thought. The first gold coin to reappear in Western Europe was that of Frederick II of Sicily (1231-1250AD). The Augustale was a gold denomination of about 5 and a half grams which Frederick II introduced to Sicily in 1231AD, and it was primarily issued for international trade.

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The CBDC Crisis of 2025

Guest Post by Martin Armstrong

Undoubtedly, this entire scheme of digital currencies will be the death of Western Civilization. The Founding Fathers prohibited Direct Taxation which was repealed during the Marxist movement toward creating the Income Tax. Once the income tax was imposed, the government then needed to know everything you did. That is why the Founding Fathers prohibited any form of direct taxation. Now even a journalist, if he fails to comply with the demands of the government, is targeted by the IRS. This allows them to go after anyone unless you are the son of a senile president who does as he is told. So yes, this will be the WORST currency in human history and it will be the final nail in the coffin of freedom.

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Will They Shut Down Gold & Cryptocurrencies with CBDC?

Guest Post by Martin Armstrong

There is no question that the real problem here is that the financial system is collapsing. These morons have been borrowing since World War II with ZERO intention of ever paying off the debt. They are running out of buyers. Attacking Russia and China has divided the world economy, which may be the Neocons’ goal, but they do not care about the country or the people. They are just sick individuals engaging in hate crimes. Now they are running out of buyers for their endless borrowing. They NEED to default on the debt, and it is what Schwab is really saying you will own nothing and be happy.

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Shifting Your Bank Accounts to FedNow Without Your Knowledge

Guest Post by Mary Christine

Lynette exposes the extremely sneaky way banks will nudge us into CBDC’s. Sounds like they will use the “it’s free” dog whistle to lure people into using CBDCs in baby steps. Lynette thinks they probably will throw in some “free” digital money to make it even more attractive. Apparently they are smart enough to know that just shutting down the banking system on a Friday and forcing us into CBDC’s the following Monday would not go over well. This sneaky tactic will probably work quite well.

For those who don’t like video here is the transcript

Shifting Your Bank Accounts to FedNow Without Your Knowledge – by Lynette Zang

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Russell Brand Sounds Alarm on CBDCs: ‘They’ll Know Exactly What You’re Doing’

Guest Post by Monica Dutcher

As central banks develop new digital currencies, critics like Russell Brand warn that expanded government controls could enable unprecedented surveillance and freeze individuals out of the financial system.

russell brand central bank digital currency feature

Between the recent launch of the Federal Reserve’s FedNow — a mechanism to facilitate real-time transactions — and the completion of a months-long digital dollar pilot by the Federal Reserve Bank of New York, it looks as though the government is angling to track and ultimately control consumers, according to comedian and political commentator Russell Brand.

“It sounds to me like the Fed and some powerful private banks have worked out how to monopolize digital currency,” Brand said in a recent episode of his “Stay Free” podcast.

With the success of Bitcoin and other cryptocurrencies — which the Fed and global economic policymakers initially sought to “smear” and “discredit,” according to Brand — governments are becoming increasingly interested in central bank digital currencies (CBDCs).

Unlike cryptocurrencies, which are decentralized and seek to allow anonymous transactions, CBDCs are centralized and can track every transaction.

Cryptocurrency values are set by the market, whereas CBDC values would be set by central banks and subject to uncontrolled “money” printing, which could lead to greater inflation.

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How Your Future Is Being Decided for You

Via Mercola

Story at-a-glance

  • Richard Werner, Ph.D., created a monetary policy known as quantitative easing, which is intended to help banks get out of financial crises more rapidly and avoid long-term recession
  • In 2020, this policy was misused to intentionally create inflation
  • Werner’s London-based community interest company, Local First, provides communities with the know-how to set up local community banks
  • Creating lots of local community banks will decentralize finance, make communities more resilient and help us avoid the implementation of central bank digital currencies (CBDCs)
  • The intent behind CBDCs is complete control by central banks over populations. The central controllers will decide if, when and how you may spend your money, and can use this monetary control to enforce compliance with any and all global governance agendas

In the featured video, Ivor Cummins interviews professor Richard Werner, author of “Princes of the Yen — Japan’s Central Bankers and the Transformation of the Economy”1 on “The Fat Emperor Podcast.” Werner has a Ph.D., in economics from Oxford University. He was a visiting scholar with the bank of Japan back in the 1990s.

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More nations rolling out digital IDs and making it mandatory for citizens to access bank accounts

Guest post by Leo Hohmann

The nation of Ethiopia has announced it will make the transition to mandatory digital IDs for all citizens, with the chief enforcement tool being the major banks. Using a World Bank-supported digital ID system with standards also approved by an eight-nation working group within the United Nations, all citizens of Ethiopia will need to have a digital ID in order to use banking services in the country by 2025.

This is just the latest evidence that banks are driving the digital identity agenda. We’ll break it all down in this article and show why digital identity must precede digital money in the reset to a completely digital global economy.

Biometric Update reported, “Ethiopia is implementing a World Bank-supported MOSIP-based digital ID project which intends to have all eligible citizens enrolled by 2025. The country also recently contracted IrisGuard to support benefits payments to citizens with iris biometrics.

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BURNING BOOKS IN A BRAVE NEW 1984 WORLD

“Those who don’t build must burn.” ― Ray Bradbury, Fahrenheit 451

Nick Tyrone on Twitter: "This Venn diagram isn't possible. “1984” is set in an authoritarian future in which all pleasure is repressed; “Brave New World” in one where people are provided with

“One believes things because one has been conditioned to believe them.” ― Aldous Huxley, Brave New World

“Being in a minority, even in a minority of one, did not make you mad. There was truth and there was untruth, and if you clung to the truth even against the whole world, you were not mad.” ― George Orwell, 1984

The Venn diagram above perfectly captures the zeitgeist of our current dystopian world better than any academic drivel disguised as a scientific study or any regime media produced propaganda disguised as journalism. In fact, these three novels capture everything that has gone terribly wrong in our world, and I put the blame at the feet of totalitarian governments and an apathetic fearful populace who went along because it was the easiest path to follow.

These three novels, considered among the top 100 novels ever written, were penned between 1931 and 1953, during three distinct periods, which are reflected in the themes and story lines of their dystopian worlds. They were supposed to be works of fiction, providing warnings of what could happen if we made the wrong choices and trusted the wrong people. Sadly, they became user manuals for today’s authoritarian dictators in how to control, condition and cow a population of indoctrinated sheep, as displayed during the covid pandemic exercise.

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Gold vs. Bitcoin vs. CBDCs

By Nick Giambruno

The Future of Money

International Man: For over 2,500 years, gold has been mankind’s most enduring money.

However, with the emergence of Bitcoin there is a new hard money option.

How do you see the two as governments worldwide continue to engage in rampant currency debasement and are rolling out central bank digital currencies (CBDCs)?

Nick Giambruno: First, I am all for free-market competition in money.

I say let the best money win.

Having a handle on the basics is crucial to understand what is happening here.

Money is a good, just like any other in an economy. And it isn’t a complex notion to grasp.

It doesn’t require you to understand convoluted math formulas and complicated theories—as the gatekeepers in academia, media, and government mislead many folks into believing.

Understanding money is intuitive and straightforward. Continue reading “Gold vs. Bitcoin vs. CBDCs”

This Week in the New Normal

Via Off-Guardian

Our successor to This Week in the Guardian, This Week in the New Normal is our weekly chart of the progress of autocracy, authoritarianism and economic restructuring around the world.

1. CBDCs move another step closer

Two days ago it was reported that the Bank of International Settlements and the Bank of England had completed tests on various aspects of Central Bank Digital Currencies (CBDCs):

Coindesk reports:

A joint experiment by central banks has tested ways to connect monetary authorities and the private sector to facilitate retail digital currency payments […] The experiment saw the London Innovation hub of the Bank for International Settlements – which groups the world’s central banks – and the Bank of England develop 33 application programming interface (API) functionalities to test more than 30 central bank digital currency (CBDC) use cases, including offline payments.

The experiment – known as “Project Rosalind” – has been running for over a year, and its reportedly successful conclusion means we are “one step closer” to full implementation, according to Bloomberg.

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Doug Casey on the Death of Privacy… and What Comes Next

By Doug Casey

Death of Privacy

International Man: In practically every country, the allowable limit for cash withdrawals and transactions continues to be lowered.

Further, rampant currency debasement is lowering the real value of these ridiculous limits.

Why are governments so intent on phasing out cash? What is really behind this coordinated effort?

Doug Casey: Let me draw your attention to three truths that my friend Nick Giambruno has pointed out about money in bank accounts.

#1. The money isn’t really yours. You’re just another unsecured creditor if the bank goes bust.

#2. The money isn’t actually there. It’s been lent out to borrowers who are illiquid or insolvent.

#3. The money isn’t really money. It’s credit created out of thin air.

The point is that cash is freedom. And when the State limits the utility of cash—physical dollars that don’t leave an electronic trail—they are limiting your personal freedom to act and compromising your privacy. Governments are naturally opposed to personal freedom and personal privacy because those things limit their control, and governments are all about control. Continue reading “Doug Casey on the Death of Privacy… and What Comes Next”

Danger — Government Digital Currency

Guest Post by John Stossel

President Joe Biden and the media are excited about something new: a Central Bank Digital Currency, or CBDC. It’s a currency like Bitcoin, except controlled by the federal government.

Not everyone is a fan.

“Sometimes government does things that may appear to be benevolent but really are kind of like a wolf in sheep’s clothing,” says Florida Gov. Ron DeSantis in my new video. “This is a wolf coming as a wolf.”

For months, I’ve tried to get DeSantis to sit down for an interview. What finally got him to agree was government’s plan for digital money.

“If you don’t trust central authority,” DeSantis says, “then you should see this immediately as something that is very problematic.”

Of course, a lot of people do trust central authority. The Biden administration says a CBDC will “protect consumers, investors … and the environment.”

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RISE TO REBELLION – A FOURTH TURNING PERSPECTIVE

“I do not say that democracy has been more pernicious on the whole, and in the long run, than monarchy or aristocracy. Democracy has never been and never can be so durable as aristocracy or monarchy; but while it lasts, it is more bloody than either. … Remember, democracy never lasts long. It soon wastes, exhausts, and murders itself. There never was a democracy yet that did not commit suicide. It is in vain to say that democracy is less vain, less proud, less selfish, less ambitious, or less avaricious than aristocracy or monarchy. It is not true, in fact, and nowhere appears in history. Those passions are the same in all men, under all forms of simple government, and when unchecked, produce the same effects of fraud, violence, and cruelty. When clear prospects are opened before vanity, pride, avarice, or ambition, for their easy gratification, it is hard for the most considerate philosophers and the most conscientious moralists to resist the temptation.” – John Adams

Ten Great Revolutionary War Paintings, 1775-1790 - The American Revolution Institute

“A Constitution of Government once changed from Freedom, can never be restored. Liberty, once lost, is lost forever.” – John Adams

I have bookshelves filled with books I haven’t read yet. I’m a collector of books who doesn’t have much time to read but plans to spend my waning years catching up on all the reading I’ve been unable to do while working, blogging, and raising a family. Still, I always have one or two books on my nightstand being read in fits and starts. After finishing a Grisham novel, I sought another book to occupy my time from my living room bookshelf. I grabbed Rise to Rebellion, a Jeff Shaara historical novel I had purchased at a used bookstore in Wildwood, NJ many years ago.

I don’t know why I chose that book from the dozens of options on the bookshelf, but it seems to have been a wise choice given the current state of affairs in the world. I always find the wisdom and courage of our founding fathers to be a beacon of light in the darkness slowly engulfing the world as we approach the denouement of this Fourth Turning, the fourth, and hopefully not last, in U.S. history. Probably without knowing it, most of Shaara’s historical novels revolved around events during the first three Fourth Turnings.

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FED NOW Launch July 2023

Guest Post by Martin Armstrong

The FedNow is the system that will be for CBDC and the elimination of all paper money. However, they will not cancel the dollars in July – not just yet. This is why they are rushing 5G before testing to see if the radiation is harmful. This is all about total control and 100% tax collection. They will be able to turn off the ability to buy and sell categories as well as individuals.

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COMING TO AMERICA

Their plan is to force all the small banks to go bankrupt, with the top 5 or 10 banks vacuuming up their assets. Then the Federal Reserve, in conjunction with the Treasury, rolls out their central bank digital currency (CBDC). Google, Apple, Microsoft and the rest of the Silicon Valley tyrant corporations roll out the electronic footprint for all commerce to be conducted using CBDCs. All the mega-corporations fall into line, requiring CBDCs to buy their products. Your social credit score, just like your financial credit score, will determine whether you can buy anything. You will live in your 300 sq ft hovel in your 15 minute city and you will be happy.