When CTH outlined the ‘Destination Handbasket’ framework {Go Deep}, we had no idea Blackrock CEO Larry Fink was essentially going to confirm the premise of our prediction. Keep in mind, any digital currency can only work if there is a digital identity attributed to it – what some have called a digital passport which then creates a crypto wallet.
I have based the framework, of what appears to be over the horizon, on a set of inevitable geopolitical outcomes if the current path is continued. The letter by Blackrock CEO Larry Fink [LINK] seems to affirm the strongest likelihood of a western-inspired digital currency eventually replacing the dollar.
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)
You see that problem, that “dilemma” Fink mentions in the last paragraph above. That is what we have been talking about on these pages for more than two years. It is a dilemma western government created when they all joined together and followed the exact same financial path during the pandemic.
When western governments used the justification of the global pandemic to shut down their economies, enforce lockdowns and all of the subsequent rules, restrictions and economic pains as a direct result of those decisions, they put us on a crisis path that was always going to bring us to this “dilemma.” Quite frankly, I do not see that unity of action as accidental, nor do I see it as organic.
All of the western leaders followed the same monetary and financial policy that was being advanced by the World Economic Forum. They all spent like crazy, and provided tens-of-trillions in bailouts, subsidies and cash payments to cover the economic losses created by their COVID lockdowns. They all did exactly the same thing, and that collective action is why we have ‘global inflation.’
Perversely, while inflation crushes the working class, global inflation works to their benefit by lowering the cost of the debt the politicians created, which the central bands and federal reserve facilitated. We the citizens are suffering under inflation, but the governments that created the inflation actually benefit from it.
I will say with great deliberateness, these western governments want inflation. Sure, it provides a political challenge for those who need to get reelected by voters, but in the bigger of big pictures, they need inflation. Think about it in very simple terms. If they did not want inflation, those same central banks and federal reserve policy makers would have raised interest rates six to eight months ago.
None of what is happening in supply chains and inflation is a surprise to them; they might pretend not to know, but these are not stupid people. This is by design. Media covers for them because, well, I’ll accept the PR firms for the regimes are idiots. However, the people who constructed these policies to take advantage of COVID-19 are not dummies. They knew what all that intervention, manipulation and govt spending would lead to.
Where we are going now is a self-fulfilling prophecy, a destination that is a result of specific action the guided policymakers have taken.
Yes, in hindsight, all of it does seem planned to a long-term eventual conclusion. However, I’m not going to make that specific affirmation just yet; there are still strong elements of ‘not letting a crisis go to waste’ as the leading driver. Did these governing bodies create the underlying crisis? We can debate that, but the point is essentially moot. We are where we are.
The vaccination protocol created the Vax-Passport. That has opened the door to the digital identity, “digital id.” Any government created digital currency is going to need a digital id from the outset.
There are a lot of people asking where this is going, and what can be done to stop it. I’m pretty certain we have accurately identified “Where This is Going,” and I’m a lot more confident now about that aspect than I was even just 24 hours ago. However, knowing that, now we need to look closer at what they would do to stop us from disrupting it.
And here we are again watching and waiting for some superhero to save us without even realizing “We” are what “We” are looking for!
let me explain why people keep falling for the BS.
Welcome to the real world of deceit
Imagine this hypothetical questioning if you will from Senator Blackburn
“Miss Brown, are you a proud woman?”
“Yes, I’m a proud black woman!”
Instead, you all fell for the biggest trick of all time.
“Can you provide a definition for the word woman?”
“Can I provide a definition?
“Mhmm yeah”
“No, I can’t!”
“You can’t, why not?”
“Uhm, not in this context, I’m not a biologist”.
Now, why would an American politician and a businesswoman ask such a lawyerly question instead of my hypothetical question above?
Because judges do not define definitions, they rely on expert testimony from witnesses and that my friends, is how Americans are duped every time when falling head over heels for or against politicians.
KBJ is your newest member of our SCOTUS. So my question is simple… when will people Learn? When you stop defending your personal beliefs and start defending the actual facts of the matter, you’ll actually start winning.
Everything in this world is based on economics and law.
So don’t get lost in the body of the words, all that matters is the head and the feet. The 1st question was the “Context” (head) and the response to that “context” was the (feet). “I’m not a biologist”.
The funniest mispronunciation of her name was,Jumanji Jackson,and don’t even think they did it on purpose…🙃
Sure looks like she belongs in the movie.
JUST IN: McConnell Says He Will Vote Against Confirming Ketanji Brown Jackson to Supreme Court (VIDEO)
https://www.thegatewaypundit.com/2022/03/mcconnell-says-will-vote-confirming-ketanji-brown-jackson-supreme-court-video/
Is that just a “hook” – the premise that this digital currency could eliminate “money laundering”?
Will our politicians jump on this premise as a “benefit” of digital currency purportedly eliminating “money laundering”?
“Money laundering” would not be possible because CURRENCY would no longer be used and therefore the corruption of the drug cartels/criminal enterprises would come to a screeching halt because they could no longer “launder” the money used to purchase their goods and services?
Odd, I find myself in greater apprehension of types like this BlackRock fellow and Klaus Schwab of the WEF than I would “the Godfather” (picturing BlackRock’s Fink in the role of that politician meeting with Michael Corleone at Lake Tahoe in Godfather 2).
Study the medieval times of serfdom and realize we are in the throws of a modernized form of serfdom.
Sundance is correct here, he just left out Serfdom.
As long as we have homestead property tax we are all serfs and the American Dream of home ownership is a lie.
The real world isn’t as simple as you state. The real world is a community where everyone pitches in for the accepted municipal services. Municipal Politics is the arena to keep everyone honest.
Everyone wants to sit in judgement. That is human nature. Altruism is tougher to find. A great community is altruistic.
right. that’s why the real estate developers are willing to give of their time to sit on the zoning board.
If you don’t want to be in the system any longer, look into becoming a state national. Do your research
The Green Group needs individuals from the Red Group to fight their proxy wars with the Red Group.
I don’t think that strategy will work. It will be interesting to see the Green Group roll out their tactics.
throes, but yes. fiat currencies as a store of value and, particularly, as an international reserve currency, are a pernicious, dangerous lie.
Precisely. Say that again, louder, please.
The problem is that you have to place your trust in people like Fink. That is a scary thought.
Yes, it is!
Fink, Schwab, Bill Gates and their ilk hold themselves forth as the great “problem solvers” who want to run the world and tell everyone else what to do because they know what’s best . . .
like the Sen. Pat Geary character potrayed by G. D. Spradlin in “The Godfather Part II” they use their position and/or political office to enrich themselves beyond their “base salary” and to wrap themselves in great glory as humanitarians . . . while they basically despise us!
Well, no, we do not have to place trust in people like Fink. I , you, we can de-couple from all aspects of control from Fink and his ilk.
Pay off all debt. Place an emphasis on acquiring commodities that are tangible: gold, silver, ammunition, food, water collection and filtration, heirloom seeds, garden preparation, etc. All very import to survival under any circumstances. Pay off you vehicles, buy extra tires and stockpile short-term (frozen & dried), mid-term (canned) and long-term food stuffs (dehydrated).
Sadly, too many have their life savings entangled in 401K’s and IRA’s. Their trust is in their retirement pension or their social security check.
All will eventually be confiscated, devalued or fail due to bankruptcy. Canada made the first move in that direction. We simply cannot place any trust in any digital monetary scheme which also includes your savings in the bank.
Folks, we are in for a world of hurt. First will be the cascading avalanche of vaccine (spike protein) induced injury and deaths, second may be starvation due to diminished agricultural fertilizer availability and astronomical pricing of said commodity. Third will no doubt be the complete collapse of the US petro-dollar followed by hyper inflation that will create a death spiral for the US economy.
Throw in stratospheric fuel and heating costs and we have a grim future ahead. Next winter may indeed mirror what the Idiot in Chief said would occur this last winter.
There is hope. But we must take every opportunity to de-couple ourselves from the system…and Be Prepared!
Sundance uses humor and sarcasm to help attenuate the truly fearful future we face. I greatly appreciate his efforts. Sundance please continue to inform us and share your information and thoughts.
I think it may be time for a donation to the Conservative Treehouse…….
But, before your plants can grow, BLM/Antifa, cartels, gangs, assorted illegals with NO digital ID, will have stripped and destroyed your habitation and most likely killed you and your family.
We can’t all live remote,eh?
My plan is the Holy Spirit keeping me strong in the faith of my Saviour.
My plants will grow, my family will be safe.
And yes, Jesus’ holy name is spoken at every meal and throughout the day.
I think their security force will turn on them and put them out of our misery.
but you don’t have to if you don’t want to. fink or anyone else.
trust only those who have earned it for as long as they continue to earn it.
allowing and trusting are not the same thing.
Money laundering has been going on for DECADES, and will continue.
The Politicians launder $, all the time.
What they are really saying, is THEY will control WHO can, and can’t money launder, and it will be LESS, rather than more transparent.
Start with whatever they say, about anything.
Then, go 180 degrees from that. And you will find the truth, pretty close to that point.
They will prevent “the little guy” from ‘money laundering’, or even making ‘unauthorised purchases’ (guns, ammunition?) but those in “the Big Club” will be free to launder to their hearts content, without having people like Peter Schweitzer delveing into their finances, and publishing books exposing their corruption.
Yes! With a Central Bank, or the IMF, in control of the digital “currency” (or even a “government” or several), it will be only THEY who determines what happens with that “money”… Including the who, what, where, when, how, how much, etc. It is the ultimate control mechanism.
But, SUNDANCE IS ABSOLUTELY WRONG IF HE/SHE REALLY BELIEVES OR EVEN DOUBTS THAT FINK IS NOT AT THE VERY HEART OF THIS ENTIRE SCHEME – HE LIVES & BREATHES ESG SCORES, WHICH, IN ADDITION TO THE CONTROLS BUILT INTO DIGITAL “CURRENCY(IES)”, WILL BE THE OTHER MAJOR STICK DRIVING ORDINARY CITIZENS TOWARD “ACCEPTABLE” BEHAVIORS…
Sorry, now I can’t find the article I wanted, but this one is similar – https://leohohmann.com/2022/03/24/blackrock-ceo-and-wef-globalist-larry-fink-says-corporations-must-work-harder-to-force-people-to-change-behaviors/
Here’s another article re. how Fink & his BlackRock are at the heart of the bailout plans now continuing to be implemented which only serves to increase THEIR wealth & decrease OURS – https://wallstreetonparade.com/2020/06/blackrock-authored-the-bailout-plan-before-there-was-a-crisis-now-its-been-hired-by-three-central-banks-to-implement-the-plan/
And, an article re. how the Fed’s Jerome Powell is neck-deep in the entire thing – https://wallstreetonparade.com/2021/10/the-fed-is-subsidizing-the-money-market-funds-operated-by-larry-finks-blackrock-funds-as-blackrock-manages-a-big-part-of-jerome-powells-wealth/
JPMorganChase has apparently created it’s own “stablecoin” – oh, and is also breaking money-laundering laws, which, in this political climate, will NOT be punished let alone investigated – https://wallstreetonparade.com/2021/09/jamie-dimons-bank-has-been-moving-fast-and-breaking-things-like-money-laundering-laws-now-its-got-its-own-digital-coin-and-bespoke-blockchain/
The laundering is an excuse to sell this to the plebes. The wealthy will continue to be able to do this and will be facilitated by the digital banks. The little people – no.
“The laundering is an excuse to sell this to the plebes.”
That’s what I am thinking too – it will be the centerpiece of their new “crime bill” or “making life safer for all of us” – whee, no more money laundering, this will take a big bite out of crime (never mind the money laundering going on in Ukraine and other places by our own politicians, et al)
Like after hours trading on Wall Street?
I had to LOL when I read “eliminating money laundering and corruption”. If the digital scheme actually did that, it would have zero probability of being made into law by our congress.
I thought the same considering politicians on both sides use Ukraine for that exact purpose. They aren’t going to give that up.
The more I think about it, the more that scene from “The Godfather Part II” seems very fitting as a meme – the actor G. D. Spradlin, portraying Sen. Pat Geary –
sneeringly putting down Michael Corleone and all his brethren is also – it seems to me – how the globalists, such as Messrs. Fink and Schwab, look upon all of us that they would enslave –
the contempt and derision voiced by the character Sen. Pat Geary –
that’s how they all look upon those of us not IN their little club –
they really are like a bunch of nerds who took over the treehouse and declared it theirs!
Funny that digital currency is proclaimed an answer to corruption, yet Bitcoin grew among the criminal classes and black markets. I’m guessing maybe it will make it easier to launder their money, without getting in bed with corrupt Ukrainian and Russian oligarchs.
For a deep dive on the many years of planning and groundwork for a cryptocurrency for the International Bank of Settlements (a sort of international Central Bank for national Central Banks, which currently uses the dollar), see Steve Guinness’s blog here: https://stevenguinness2.wordpress.com/
Graduate level stuff, but likely helpful to anyone trying to sort out intentions.
Listen very carefully and absorb what Augustin Carstens, General Manager for the Bank for International Settlement (BIS) is saying here (2020) in this first video regarding CBDC’s
CBDC = Central Bank Digital Currency.
https://www.armstrongeconomics.com/world-news/conspiracy/the-real-agenda-part-iii/
Thanks for that video VAIO. He reminds of Jabba the Hut. I can imagine him eating several babies for breakfast.
Super Bingo! (BIS) Masters of the universe.
Good Idea,
Then Larry could control everyone’s money. He could turn the flow on and off like a spigot, and he would have complete control in lieu of partial control. I am sure that republican and democrat elites are overflowing with joy.
Inflation greater than the prime rate is a means to reduce the purchasing power of the bond holder (basically a way to devalue the dollar and therefore lessen the value of debt).
I have a digital wallet that contains cyrpto currency. However, there isn’t a required digital identity that goes with those holdings. I could have dozens of wallets containing hundres of different digital currencies, but still no digital identity. In fact, I have digital obscurity.
So, tell me, now does this work? You take $100 US Dollars and buy cryptocurrency and “securely store it”.
What are you gonna do when you want to convert that cryptocurrency back to an accepted currency? Who is gonna convert it? You have a slip on a computer generated piece of paper that says “Give me $100”. What are you gonna do when the converting agent says “There is a 25% conversion fee”?
There already ARE conversion fees -not 25% today, but who guarantees they won’t be 25% tomorrow? Or that Coinbase et al will not trade the freedom-of-choice of crypto owners for freedom from government audits and restrictions? Thank you but my choices for alternative currencies are rural real estate, brass, lead, and dried food stored in vacuum-sealed mylar bags.
If you like the dollar, you’ll be able to keep your dollars.
Hmmm…
Where have we heard that before.
Brought to you by the same people that sold this pill of bunk.
“If you like your health care plan, you’ll be able to keep your health care plan.”
“the jab is totally safe”
“most secure election in our history”
“Trump is an agent of Putin”
“Hunter laptop is Russian disinfo”
“Weopons of mass destruction in Iraq”
and the list goes on…
“If you like your doctor, you can keep your doctor” – the all-time prime example why Barack Obama cannot be entrusted with the Presidency.
What, you say? He already did that. Don’t worry, suejeanne. That was like a few years ago (2009-2016).
Has it occurred to anyone else that he might be thinking about going for it again?
I don’t know why Barack Obama had to put out a tweet yesterday regarding Madeleine Albright – she was not the Secretary of State under his administration. It just seemed inappropriate as it was not on his watch that she was S of S but he wants to remind everyone that they can call him President Obama because he WAS President, so don’t forget that, try as you may.
Also, his stupid, inane comment about Donald Trump aspiring to raise our nation’s GDP:
“How is Donald Trump gonna do that? Does he have a magic wand?”
That statement alone out of his own mouth should tell everyone that he is not all that smart!
Can someone be a liar and an idiot? Absolutely!
LGB!
The coming federal weaponization of banking
https://thehill.com/opinion/finance/599057-the-coming-federal-weaponization-of-banking
It seems like a deliberate effort to misappropriate terminology . . . I thought that when one is talking about “crypto” and “crypto wallets” that those terms pertained to that other kind of currency being traded/exchanged, such as BitCoin. I am wondering what scheme Fink, Schwab and others have for ELIMINATING BitCoin? Do they view BitCoin as problematic?
What are the people who use BitCoin going to do?
From what little research I did on Bitcoin a few years ago, my understanding is that crypto-currencies run on a design of block-chains where each transaction is recorded in the chain as a ledger. Once a transaction occurs, it’s part of the chain and can never be reversed. Who sent and who received is anonymous (unless you knew who held the identification numbers). The block-chain is a system that can be used for more than just crypto-currency though. It could be used as a voting system that incorporates how decisions would be made by the politician in the future (theoretically). It’s an interesting concept, but it’s not something that politicians would ever want to do since it would give too much control to voters.
Anyways, my point is, I don’t think crypto-currencies have anything to do with digital currencies that these people are proposing. The only thing they have in common is that they are both digital. The digital currency these globalists want is something that they would be able to control completely by being able to exactly how much a person has in their account (their account tied to their identity), all of the transactions they make and what those transactions were for, and they would be able to shut down your account at will. The goal is for total control over your every day life because you would have to use your digital currency account for any and all purchases you make during your day. The amount of control this tool would offer is the goal, not the currency itself.
Find the Edison Carter / Max Headroom episode where Carter’s network bosses shut down his “credit tube” to silence him, and lock him out of his bank account and his own identity. Predicted accurately in the mid-1980s.
Larry says that his “clients” have shown an interest in digital currencies. I ask a serious question. Who are Fink’s clients?
Those few banking families, I presume…the owners of Vanguard.
good gracious . . . what are you asking . . . who are Fink’s clients?
I can just imaging Fink replying, “Have you no respect for privacy?”
Gold?
Silver?
Barter?
Outlawed?
Likely. At some future point.
Need to be careful when talking Gold and Silver as they are also very highly used industrial metals.
The value of Gold and Silver would revert to industrial use value, which can still be very high depending on who controls the mines and processing. Check out the value of Industrial Metals, especially the rare earth metals or hard to obtain metals. If supply is throttled as oil is throttled, there will still be value in holding the Gold and Silver just not for the traditional “monetary system related reasons”.
Some of the stated goals remind me of the problems in banking, circa 2006-08, with the “mark to market” which was trying to disrupt the banking system…when transactions were made but the system being slower than expected, money was not in the corporate accounts…? Not being a finance person, I did not understand it then, nor do now other than they want too much info on me.
Not adhering to mark to market was the SEC’s / FASB’s contribution to the corruption. Housing and related loans should have been written down to market value, which is a foundational accounting principle underlying the entire accounting system.
But in this case it would have hurt big banks, so it ends up the accounting rule is only implemented for the little things, not the most important thing that it needed to be applied to.
My ethical CPA profession turned into just another disgraceful example of institutional corruption.
I remember that hotel guy Donald J. Trump on some business channel asking why all this TARP money was not available to regular people . . . regular business owners not able to get money from the banks but the banks got all this taxpayer paid for money . . .
Nothing will stop it.
Blackrock set to rule the world … and the King is a Fink … and we are so screwed.
Nice Wizard of Id reference.
Is he arrow proof?
while reducing the risk of money laundering and corruption”, he said.
This another way of saying “Black Markets”
Just like Salazar saying it’s a “Dignity bill” instead of Amnesty bill.
Reducing the risk of money laundering and corruption?
Hah! That’ll be the day!
VoteAll…: “You came to this country illegally. Congratulations! You are now dignified. Here’s your SNAP card, your taxpayer funded healthcare and, because we trust you, your drivers license. And thanks for allowing us to register you as a Democrat. No need to vote. We’ll take care of it.”
Only thought that comes to mind is it is my understanding one reason the fed did not raise interest rates is because even a small increase in rates BUSTS the banking system which is leveraged to the max already.
So the net immediate result of an increased interest rate is to cause the default we are all expecting.
I further believe that the imminent default is being timed, to some ones advantage. They are all working together to make the most of what will be a catastrophe for a good portion of the worlds population who are left to see it.
And lastly, currency is whatever like minded people agree upon. I for one will not submit to the 666 digital registration any more than I did the population control vax.
I am content to live outside the walls of the city. There I will thrive and prosper trading commodities and services as needed to enjoy my God given rights. I know tons of people who will be joining me.
Will it be easy? NO. Am I afraid, sometimes, but I am also excited for the upside possibilities.
Paper currency is soo outdated and really needs to be completely replaced by digital currency.
What could possibly go wrong with such an innovative concept?
When Pelosi says she “eats at 5:30 like a peasant”. What she is actually saying is “I’m still more relevant then a “Serf”
so if you haven’t figured out who the serf is?
She actually meant “eats at 5:30 and likes pheasant.”
Wow, thank you for that correction. See, even I still fall for the little infractions when I don’t actually take the time to watch or see the facts. My apologies.
Norseamerican: I thought she said, “I eat peasants at 5:30.”
She probably prefers peasants under two years . More tender and tastes like veal. Of course a portion is dedicated and sacrificed to Nancy’s god Molech.
bahahaha, ding ding ding….Winner!
Peasant Dinner! yum!
under glass . . .
or was that WITH a glass . . . a big glass . . .
This will be ushering in the Mark of the Beast
All Your Phones Are Belong To Us
Apple could soon turn the iPhone into a recurring subscription service
https://arstechnica.com/gadgets/2022/03/report-apple-plans-to-sell-the-iphone-as-a-subscription-service/
——————————
Nothing will actually belong to you in the New World Order.
Once they decide that everyone has to have a microchip embedded in their bodies like their pet dogs and cats and are able to put that over, they will take AWAY the phones . . . why do you need a phone?
(I wonder if Apple knows about this)
EMP?
There was a previous crises, which also resulted in ALL governments (except ‘3rd World’) adopting radical meaures;
the 2008 financial crises.
ALL Central banks, in major countries, even China IIRC, adopted ‘stimulas spending’, buying up assets, etc.
I know some note how “the little guy” got screwed, and the big banks got bigger, and think it was a manufactured crises,..but I don’t think so.
I think the crises was REAL, and the measures they took, to stabilise the situation only POSTPONED the problem, without SOLVING it, which is why 14 years later, the measures are STILL in effect.
And, its WHY the Fed has been SO hesitant to raise interest rates, despite rapid inflation; -0- interests rates was ONE of the key measures they took. Raise interest, stop QE, and the collapse they have only been preventing, occurs.
So, to keep the system from collapsing, it has required stimulas, stimulad, stimulas,..and now we are 30 trillion in debt.
The “Great reset” is about triggering the collapse, and (they hope) managing the aftermath, in such a way that THEY are able to retain their wealth, power and priviledge, and if the “little guy” bears the brunt of the pain, “it has always been thus”.
So, as you look at the ‘unified’ Covid responce, look back at the ‘unified’ responce to 2008; SAME “players”.
This is an excellent summation of events by Sundance.
Quite amazing how the situation in Ukraine has changed the world, and rapidly at that. April 4th could be a real downer day for Wall Street, as the world economic dynamic changes dramatically on April 1 with the introduction of a “new international currency”.
“On April 1, China and the Eurasian Economic Union – Russia, Armenia, Belarus, Kazakhstan, and Kyrgyzstan – will reveal an independent international monetary and financial system. It will be based on a new international currency, calculated from an index of national currencies of the participating countries and international commodity prices”.
WILL RUSSIA DESTROY THE US DOLLAR?
Farewell to Inordinate Privilege
https://thesaker.is/sitrep-how-russia-slew-the-us-dollar/
Earlier this week, Russia announced that countries on its Unfriendly Nations list must pay in roubles for its gas. Within hours, the rouble regained its pre-embargo value on international markets.
De facto, the rouble also established itself as a reserve currency in the EU, as is the petrodollar in the Middle East. Having renounced coal and nuclear power, Europe left itself with no alternative to Russian gas.
But wait, there’s more on the currency front: next week, Russia and China will offer frictionless access to the world’s largest market, via cheap, secure, trackable, instantaneous transactions that are free of government manipulation, currency fluctuations, embargoes, and sanctions.
Here’s the backstory: after helping America out of the GFC, PBOC Governor Zhou Xiaochuan observed, “The world needs an international reserve currency that is disconnected from individual nations and able to remain stable in the long run, removing the inherent deficiencies caused by using credit-based national currencies.”
Zhou proposed SDRs, Special Drawing Rights, a synthetic reserve currency dynamically revalued against a basket of trading currencies and commodities. Broad, deep, stable, and impossible to manipulate.
Can I buy the bonds?
Can you imagine how wealthy our country would have become had we continued on being a net exporter of oil and nat gas?!
Instead we got dementia joe and the camel toe
Wadaya think….buy more metals before the fourth of april? I think so.
If there were no more ability to launder money the politicians would be in big trouble.
In many countries, corruption takes the form of cash and gold, with high-end jewelry also entering the mix (e.g., diamonds with high grades at more than one karat in size). Think here about Afghanistan’s leader and his helicopter full of cash. Think about the wife of the Ukrainian minister who declared millions in cash when fleeing to a neighboring country just a few days ago.
The elites in the vast majority of countries, including every country in Central and South America, Africa, the Middle East, and Asia will never permit this to occur in their roosts. Can you see narco states like Mexico going down this path? Really?
No, this is aimed squarely at a relative handful of western nations with massive national debt, and a far more sophisticated basket of stratagems to hide the profits of elite corruption. What the elite in these countries want is to gain control of the retirement accounts of their respective middle classes. which have been openly targeted by the Left here in the US for many years. Secondarily, they want to put an end to home ownership, because equity preserves wealth in the face of inflation. and is easily transferred between generations through devices such as trusts. Dependency is the goal, but it can only be realized through the wholesale destruction of middle classes.
And realistically, this can only be accomplished by hyperinflation, because you could fill several volumes of the Federal Register with the statutes and regulations that are designed to promote wealth creation and check this kind of predatory behavior. And then there is the underground economy, the problem of roping in millions of people whose anonymity is their best guarantee of survival, organized and disorganized crime … the list goes on and on.
The Finks of this world will try, but the resistance will be coming from many different directions, and for a near infinite number of reasons.
No way any of this stops money laundering or corruption, probably makes it easier. Definitely makes it easier for them to control us. It’s always opposite of what these demons actually say.
Exactly!
As in Orwell’s “1984” where examples abound – “Ministry of Truth” etc.
“The master planners devised the strategy of a merger – a Great Merger – among nations. But before such a merger can be consummated, and the United States becomes just another province in a New World Order, there must at least be the semblance of parity among the senior partners in the deal. How does one make the nations of the world more nearly equal? The Insiders determined that a two-prong approach was needed; use American money and know-how to build up your competitors, while at the same time use every devious strategy you can devise to weaken and impoverish this country. The goal is not to bankrupt the United States. Rather, it is to reduce our productive might, and therefore our standard of living, to the meager subsistence level of the socialized nations of the world. The plan is not to bring the standard of living in less developed countries up to our level, but to bring ours down to meet theirs coming up… It is your standard of living which must be sacrificed on the altar of the New World Order.” – Gary Allen in his book “The Rockefeller File”
It looks like their big play is now. Hopefully somebody working on our behalf at the global level?
https://plutocracycartel.net/
Scroll down and there are lots of excerpts from truther books like Gary Allen’s None Dare Call it Conspiracy.
“We are ruled, though it may be difficult to imagine, by a small dynastic power structure, largely consisting of powerful banking families, such as the Rothschilds, Rockefellers, and others. They emerged in controlling the financial system, extended their influence over the political system, the educational system, and, through the major foundations, have become the dominant social powers of our world, creating think tanks and other institutions which shape and change the course of society and modern human history.”Andrew Gavin Marshall
“The powers of financial capitalism had a far-reaching aim – nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements [BIS] in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations … Each central bank sought to dominate its government by its ability to control Treasury loans, to manipulate foreign exchanges, to influence the level of economic activity in the country, and to influence cooperative politicians by subsequent economic rewards in the business world.”Carroll Quigley in his book “Tragedy and Hope”
“The Federal Reserve Bank of New York is eager to enter into close relationship with the Bank for International Settlements.The conclusion is impossible to escape that the State and Treasury Departments are willing to pool the banking system of Europe and America, setting up a world financial power independent of and above the Government of the United States.The United States under present conditions will be transformed from the most active of manufacturing nations into a consuming and importing nation with a balance of trade against it.” Louis T. McFadden (1876-1936), US Congressman (R-PA) (1915-1935), Chairman of House Banking and Currency Committee, quoted in the New York Times (June 1930), June 10, 1932. Poisoned in 1936
Bill Still’s documentary The Money Masters goes over the history of the money-changers and how they took over America in 1913 with the Federal Reserve Act. Private bankers got the power to issue our national currency- they print money out of thin air, and loan it to the govt at interest. The govt is in debt to private bankers for money printed out of thin air, money it could have printed itself without going into debt). More on this in Ellen Brown’s book Web of Debt. http://www.webofdebt.com/excerpts/introduction.php
Thomas Jefferson I sincerely believe that banking institutions are more dangerous to our liberties than standing armies. The issuing power should be taken from the banks and restored to the people to whom it properly belongs.
James Madison History records that the money changers have used every form of abuse, intrigue, deceit, and violent means possible to maintain their control over governments by controlling money and its issuance.
Thomas Jefferson If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and the corporations which grow up around them will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. (in progress)
“There are two ways to conquer and enslave a nation. One is by the sword, the other is by debt”.
John Adams (American president 1797-1801) (America has been conquered and is in process of being enslaved by international bankers who pulled this off through fraud and deception)
The Money Masters – The Rise Of The Bankers
I kinda feel like I’m trying to escape Germany in the late 30’s.
I know it’s not the same but some Germans saw what was coming.
mark: Same here, but, there’s really no where to go. Have to stand an fight.
I’m L&L!! My time will come. I just pray it’s as the Lord wants.
I’ll drink a toast with ya tonight Billrla 20:00 hours and should we meet as Brothers in Arms, I got your six.
Larry Fink says Blackrock forces behaviour:
https://generaldispatch.whatfinger.com/fast-clip-guess-where-blm-talking-points-came-in-handy-blackrock-ceo-larry-fink-says-he-believes-in-forcing-behaviors/
I’m not going to cooperate with a system that does not allow freedom or privacy.
Period.
A digital currency – so they can turn you off with the flick of a switch.
And can you imagine how much fun the hackers are going to have breaking into the digital lockbox and emptying it? In chaos there is profit!
And countries selling oil products like Russia. Any person or thing can be cut off.
They want to make sure kids don’t get paid under the table for mowing lawns.
I keep pointing out to people that it’s rather hard to see how anyone can pay kids for anything if there’s no cash. The usual response is “Ohhhh…I never thought of that.”
Another Bible prophecy will be fulfilled.
He and others will live like emperors while those of us they let live are their chattel. Sadly, many in the US will line up for this slavery and demand you do so as well.
Digital currency means they will tell what you can buy, when you can buy, and how much you can buy. They can also set time limits on your digital currency – meaning you spend it or it disappears. That assures that the slaves can’t build wealth.
They never want to see a middle class exist again – they get uppity and think they should be free of oversight from their betters.
If that ever happens it’s time to fill them with lead, consequences be damned.
Lulu – yes. When they install internet of bodies, your heart rate, cholestrol rate, sugar level, weight, etc will definitely dictate what you can and cannot buy in a grocery or restaurant. Want to buy a pizza and a coke? Only if they allow you to.
In a barter economy, what are the best resources to have?
Skills.
Yep, that’s what I’ve bartered most over the decades, skills. Never thought being jack of all trades was worth much as a career but it works pretty good in the parallel economy.
Precious metals: Lead & Brass – Mix with gunpowder.
Things you use every day.
Precious metals
salt
sugar
wheat/flour
soap
otc drugs of every type
skills
bullets/guns
wood stove/cook stoves wood fired
common sense stuff that make life doable.
Learn your lesson from Canada. Buy seeds, grow a garden, ditch tech, and live happy! Commune with like minded folk for bartering and help with projects. We don’t need them, the pioneers didn’t need them!
For those interested, the followng link should take you to an article listing the top 100 Investments Companies, ranked by Assets Under Management (AUM). The only one missing that I have seen there before is Berkshire Hathaway.
https://www.swfinstitute.org/fund-manager-rankings/asset-manager
I’ve been of the opinion over the last year or so that some sort of cyber “event” takes place that becomes the reason given for a freeze of all banking activity, even if it’s just for few days. Perhaps tied to a total Internet outage, or maybe not, but let people not be able to use debit and credit cards, tap-to-pay payment methods, etc… and people will be in a panic within a couple of days.
Most people carry or keep little currency on them or at home. I’ve seen people pay for a $1 or $2 item at the market (and other types of stores) with a card, telling the cashier they carry no cash. So, when people can’t buy food, gas, their morning coffee, whatever… the melt-downs will begin. And when people are told it’s been “solved” and the “new” “safe” electronic banks accounts are rolling out, I bet the majority will be so happy to be back to some sense of “normal” they will not push back against their new gov-controlled digital “money”.
So, I’m thinking the way they stop us from disrupting their plans is to disrupt us with a cyber event (we’ve already heard about the practice drills for these) – then blame the current bad guy (we know who) and roll out their plan.
I’d put the odds of this exact scenario playing out sometime this year at better than 70-30.
I noticed the G20 sign in the background of the picture.
The Group of Seven (G7) is an inter-governmental political forum consisting of Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States.
The members of the G20 are: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States, and the European Union. Spain is also invited as a permanent guest.
The US was considering a motion to have Russia expelled from G20. They US team said they would like not succeed. Keep in mind the current Global War is G7 vs BRICS + OPEC.
The US was going to also attempt the same at the WTO.
fink? he gets to design it? just how much involved would be, oh i don’t know, say the Goldman Sachs, Rockefellers, Lehmans and Kuhn Loebs of New York; the Rothschilds of Paris and London; the Warburgs of Hamburg; the Lazards of Paris; and the Israel Moses Seifs of Rome?
no. no humans involved. the only international reserve currency is gold. all else is chains and prison.
biden has proven that: perhaps his greatest, if unintentional, contribution to mankind.
What a criminal!
Is this who made the 3am call? This bastard needs to be called to account
Primarily, what I see is the ending of the dollar as the world’s Reserve Currency. This destroys our economy and power, which then helps greatly to remove the impediment of “America” from the globalists path. Digital only strengthens their grip on the public,,,witness social credit systems appearing. How exactly does this entire Ukraine mess not help globalism, rather than destroy it? The global elite installed Zelensky. The globalists hate Putin and want him dead so they can pillage resource rich Russia with their debt imprisonment. Putin dismissed the globalists/bankers from Russia about ten years ago with the threat of death if they tried to loan into Russia. That is why he has been the world’s villain and bad man at fault for everything since, in the MSM . Yes he is evil but he is not trying to destroy America like the globalist MF’ers are. Lies and smoke is what is hear and see. IMHO.
The bad cat has some excellent coverage of this which includes Majiid Nawaz as he spoke on JRE. Programmable CBDC’s will be the end of freedom.
https://boriquagato.substack.com/p/if-i-were-going-to-conquer-you?s=r
NWO are on the move. Putin put a monkey wrench on their plan. China and India are the keys.
This solution by Blackrock is necessary when you think about it.
The petrodollar permitted much of international trade to be conducted in USD. Therefore, you didn’t have to daily perform a currency conversion. A Barrel of oil cost ‘x’ USD, until the price needed to rise or reduce. No foreign conversion was needed across the globe across numerous buyers using multiple purchasing currencies. But the US isn’t selling much oil anymore, so the use of the petrodollar no longer makes sense.
Now that that several major oil producers announced they are going to sell oil in multiple currencies, foreign currency conversions will be more regularly required depending on who you are buying it from (Russia in rubles, Saudi in a different currency, etc) which causes major disruption and a huge trade hassle. The USD made this process simple, but Biden’s team shot themselves in both feet, and probably deliberately, to usher in this change. By reverting back to one global currency, albeit digital, this replaces the petrodollar and provides a global standard to cleanly replace the petrodollar, thereby eliminating numerous transactions across the globe in an array of different currencies.
Once the change from the petrodollar to multiple alternative currencies was announced by Russia and SA, it was inevitable that the powers that be would introduce something more simple to standardize the payment system. This should be no surprise to anybody. Catherine Austin Fitts already foretold 2 years ago the USD was long in the tooth and would be replaced with a digital currency. So here we are. I realized this would definitely happen when Biden shut down US oil production.
Life is going to get really tough for Americans, as the petrodollar brought us decades of a high living standard which is going to be behind us now.
“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.”
Read that over and over until it sinks in and you have that “aha!” moment. The deindustrialization of America, the globalization of production and supply chains, the tidal wave of political globalization pushing everyone toward a single world government by an unelected world elite through multinational corporations, THAT globalization, was just brought to a screeching halt by Russia’s invasion of Ukraine. 30 years of globalist effort suddenly hit the wall.
Really? Why?
Because the New Globalist Fascists had their noses rubbed in the bitter reality that they are NOT the only fascist group with global ambitions and the military and economic might to pursue them.
Russian Civilizational Fascism. It has been there all along. These WEF/Blackrock/Vanguard folks were just in denial about it, and the rest of us didn’t know about it.
Russian Civilizational Fascism has the West firmly in its sights, and we had better figure out a way to effectively oppose it because there is NO bargaining with it.
Russian Civilizational Fascism. Google it. Read what comes up. I’ll post this article again to get you started, and the wiki article on the most influential book on it by Putin’s brain trust.
Information is out there. We just have to let it in.
https://foreignpolicy.com/2022/03/06/russia-putin-civilization/
https://en.wikipedia.org/wiki/Foundations_of_Geopolitics
The Ukraine situation has basically redefined the concept of ‘global’, which has now been whittled down to the US, Europe and British Commonwealth. As is evidenced by current trade deals, political statements, etc., it appears that the rest of the ‘globe’ will not be aligning with the globalism of the west.
Precisely, so you might want to think about which bloc you want to live in. For those who don’t like Mr. Fink’s brave new world, take a look at Malaysia’s Make Malaysia Your Second Home program. Penang is looking awfully good these days.