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Federal Reserve Bank of Boston a government-first alternative to cryptocurrencies and cash, is getting a lot of attention recently.
Brandon Smith of Alt-Market.us believes that this is a globalist scheme to completely end financial and economic privacy... permanently...
They
see those numbers change, but they never reflect on the value of the
currency itself.
They also
assume that money will never change in a dramatic or meaningful way.
For the majority of Americans, money is a total mystery.
They don't
understand where it comes from and especially where it goes. It's
not financial irresponsibility, not exactly. It's more a fundamental
misunderstanding of what money is and what it represents.
People think
our government and Department of the Treasury handles all of that,
but the reality is that our government does not create our money - at least, they're not in charge of the process.
For example, former Federal Reserve (FED) chairman Alan Greenspan once openly admitted that the central bank "answers to no one" and does not follow orders from the government.
They do what they want when they want.
Specifically, he said:
This attitude should concern you because it is a long held argument among critics of the FED that they are an unelected body with ultimate power to destroy the economy and the dollar at will.
They could do it anytime they wanted to. There's no legal means of recourse.
Granted, the U.S. President gets to "choose" the next successive chairman (from a list of candidates that is given to him by the FED, of course).
And Congress could conceivably call for a full and complete audit of the FED's financial actions and policies (as Ron Paul repeatedly called for), but it will never happen.
Our central bank, the Federal Reserve, is the most powerful institution in our nation by far.
They are completely unaccountable and uncontrollable.
So,
There is only ever the question of public reaction; this is the one thing the bankers fear.
Their nightmare is that their actions and policies will anger the public enough to inspire rebellion.
They're haunted by the knowledge that, one day, the torches and pitchforks will be raised in the lobby of the Eccles Building.
So,
Apologists for the FED claim that the central bank only creates money from thin air when the government asks them to, and so it's the politicians that are to blame.
This is a lie...
The politicians go begging to the FED for more money, and the FED obliges, while also creating tens of trillions of dollars on the side for their friends in the corporate world.
I know this sounds conspiratorial, so let me prove it.
There's one time in history that a FED policy action was audited by the Government Accounting Office (GAO) back in 2011. 2
Note, this was not a "full and complete" audit, not by any means - it focused on a single set of bailouts enacted by the bank, and it was only allowed because the public was starting to get wise to the bank's activities (thanks to Ron Paul's presidential campaign).
In short,
Instead, it uncovered a web of deceit so startling, the media swept it under the rug.
Over $16 trillion in fiat money had been conjured by the FED in the span of a few years, while the original claim was that "mere billions" had been created for the bailouts starting in 2008. 3
(Here are some of the highlights.)
Keep in mind that the audit was limited only to a particular set of bailouts; it was not an audit of the FED's entire operation. We truly have no idea how many dollars the central bank has created out of thin air since the credit crash began.
We can only reference the FED's own data, which, let's be frank, is probably not very honest. Central Bank Digital Currencies are the Cornerstone of a Totalitarian Empire
The sole factor that limits central banks from total monetary dominion is the fact that physical dollar holdings and even digital bank transfers can be accounted for.
Once those dollars are out in the ether there's not much the central banks can do to hide them and eventually, inflation will reveal the truth.
The bankers need a new system which allows them total control of every single penny from creation to circulation. They want the ability to make money appear or disappear in real time.
More than that,
Enter Central Bank Digital Currencies (CBDCs) based on blockchain technology.
Ever wonder,
That's why major banks like Goldman Sachs and JPMorgan have been pumping billions of dollars into crypto infrastructure and research (privately).
Ever wonder,
Don't dismiss this as mere hypocrisy - there's more going on here.
I believe central banks, hand-in-hand with their affiliates the global investment banks, are slowly accustoming the masses into the concept of a fully digital trade system in which physical money no longer exists.
Central banks merely act like they're suspicious of crypto - but in reality they love it...!
The Bank for International Settlements (BIS), also known as the "central bank of central banks," recently released a survey which states that at least 81 central banks around the world have been accelerating plans to release their own cryptocurrencies.
Many excuses are given, including the Covid panic. In fact they were working on these digital schemes well before the pandemic began.
The International Monetary Fund (IMF) has been talking about developing a global cryptocurrency system tied to their Special Drawing Rights basket for years.
Numerous globalist institutions have been pursuing the technology and it's nothing new. What is new, though, is banks openly admitting to the plan.
Clearly, they're no longer concerned about public backlash...
The BIS, one of the most clandestine globalist organizations that still has a public face, has even admitted that it is developing CBDC tech. And what this tells me is that we are very close to a sea-change in our economic environment.
Generally, criminals will not reveal their criminality unless they think it's too late for anyone to stop them.
A Global Stagflationary Crisis would provide the Perfect Cover
With stagflation hitting our economy hard this year, we must question whether the behavior of the banks suggests much worse conditions ahead...?
I firmly believe the public would never readily accept "CBDCs as money"...
Unless their existing money became worthless, and the economy was mired in the gutter.
This is how domination grows, how empires are born and how liberties die.
A major crisis empowers elites to consolidate control while individuals are distracted by their own private concerns.
The big picture changes while each citizen confronts their own personal calamity.
Right now, here in the U.S., markets and mainstream economists are praying for the FED to capitulate on interest rate hikes. They think this would save stocks from collapse.
However, even if the FED did give up the inflation fight, our trouble wouldn't be over. Then we'd either be stuck in an inflationary spiral, or with another "lost decade" of stagflation.
If the FED persists with rate hikes, well, that will guarantee recession on top of inflation.
There's no way the current rate hike schedule can slow inflation fueled by tens of trillions of brand-new dollars dumped onto the economy. As I've warned frequently, the FED has created a Catch-22 scenario in which the economy crashes no matter which policy decision they make.
The combination of absurd national debt, near-zero interest rates and decades of money-printing have guaranteed a lose/lose situation. There's just no way out.
But what if this was all by design?
This is exactly the kind of crisis that would weaken the U.S. enough that desperate citizens would swallow a "Fedcoin," even knowing it's bait on a hook.
The introduction of CBDCs in the wake of a dollar crash would be the beginning.
Global central banks would call for a new international network of currencies to, "stop such a crisis from ever happening again." Remember, they'll always say their acts are in your best interests.
That the sacrifice of liberty in exchange for safety is beneficial to you.
The BIS and the IMF will be standing by with their digital SDR basket, or something very similar - another CDBC.
They'll strive to "exchange" (or simply remove) all physical money rapidly.
Something similar to this step actually happened in India, back in 2016:
This time, though, the globalists will be ready.
All privacy in trade will be gone, except for those people engaging in barter, black markets and commodity-based transactions.
This is one of the main reasons global central banks have persistently killed the idea of intrinsically-sound money, like physical gold and silver, for the last 50 years.
Remember, barter and black markets are more or less by definition off the books.
But don't be misled - this much more than an issue of privacy.
Implementation of CBDCs would also mean that ownership of money and the ability to transact, to participate in the economy, will become privileges, not rights.
In communist China, use of digital payments is tied to a social credit system.
There are many subtle levels between "upstanding citizen" and "outlaw," though, and the CCP adjust their citizens' financial statuses constantly.
Digital currency schemes like this are a panopticon that gives government total knowledge of your earnings, your spending, even the specific items you buy.
Maybe you don't want to take the next untested mRNA vaccine for the next dubious pandemic threat?
This is the world we are facing if we allow central banks to fully digitize money and trade.
Those of us ahead of the curve should use this opportunity to stock up on untraceable, intrinsically-valuable physical precious metals which make both an excellent alternative to the roller-coaster of the financial markets and offer an alternative form of money when it's most needed.
The public at large is mostly unaware of the incredible danger inherent in CBDCs and they must be educated before the current crisis grows so large that they can no longer focus on anything other than their own problems.
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