An Ask Me Anything thread is soon to follow. Here’s the context:
I never expected to travel the world of a dollar-based central bank digital currency implementation. Two years ago, I was surprised by the construct of the Western sanctions against Russia; however, my curiosity was driven more by the outcome of the intended economic isolation, and not necessarily about the granular construct of the sanctions themselves.
What surprised me initially, was the conversation that never took place in the financial sector. For the first time in history the U.S Dollar was being used as a weapon, not only against Russia, but against any Western corporation who did not comply with the demands of the U.S government. I began highlighting the issue MARCH 5, 2022.
The sanctions against Russia were unlike any set of sanctions that came before. The financial sanctions against Iran, Cuba, North Korea and Venezuela all stood as examples of prior economic sanction constructs, but the financial sanctions against Russia were different. The SWIFT exchange was shut down, Western trade into Russia was halted, and private Western corporations were forced to divest themselves of assets held within Russia.
Under the guise of “economically isolating Russia”, the sanction regime was driven by the U.S. Treasury, U.S. State Dept., and fully supported by Western allies in Europe, Canada, Japan, Australia and New Zealand. Each of the aforementioned nations followed the exact same path.
Given the history of the prior decade,where Russia enlarged its footprint of influence, the sanction regime just did not make sense. It was obvious that non-Western nations would continue trading with Russia, and most of those same non-Western nations were trading with the USA. My simple question was, “won’t alternate countries just step in to fill the void of trade eliminated by the sanctions?”
If, for example, India is still buying widgets from the Western zone, wouldn’t an enterprising Indian company just start buying extra widgets from the USA, Canada or Europe and then begin brokering a portion of those products into Russia? It seemed like common sense, and indeed that type of exchange is exactly what happened.
On the ground, in Russia, there are now Western stores missing, but the Western products are still available under different Russian flagship names. Starbucks closed, and now as you can see from above, it’s Stars Coffee. Same coffee, tables, chairs, cups, and even employees, just a different name. Starbucks, and every other Western company was forced to divest, sell assets at fire sale prices, and exit the market.
All the following companies did the same.
Despite all the parent companies leaving, their retail products are still available through a system of brokered buying and distribution. Third-party companies simply stepped in to fill the void. You can still buy the newest Samsung TVs and Apple iPhones in Russia, but now they come with a slightly higher price, as the broker adds their markup.
On the financial side, the inability to work in dollars or Euros was initially a problem, but workarounds were fast to surface {SEE HERE}.
What I soon realized, in my research, was that essentially nothing changed for the ordinary people within Russia, other than some “branded items” were no longer available. Factually, most Russian people didn’t care, and a large percentage are oblivious to the sanction issue. The sentiment of nationalism or national pride actually increased; they rallied around their leadership.
Two years later, the economy is doing well, Russia is selling energy to nations who have a need, trade is taking place in non-dollar denominations, and the impact is, well, really not much.
However, once you realize the sanctions never had any material impact, then the question is why it was so important to weaponize the dollar-based trade currency? Surely other nations would now look at their dollar dependency as a potential risk because they too could become a target if the USG made that arbitrary decision.
That’s exactly what happened, and is a big part of the non-Western zone drive to join the antifragile BRICS+ trade alliance.
So, with all these downsides, why did the U.S. do these specific sanctions this way?
When I dug deep into this issue, I realized the financial walls were not created to keep Russia out of the financial system; the walls were erected in the Western zone to keep the dollar-based system locked-in.
ME: …”The same way the Patriot Act was not designed to stop terrorism but rather to create a domestic surveillance system. So too were the “Russian Sanctions” not designed to sanction Russia, but rather to create the financial control system that will lead to a USA digital currency. The Western sanctions created a financial wall around the USA (dollar-based west), not to keep Russia out, but to keep us in. The Western sanction regime, the financial mechanisms they created and authorized, created the control gate that leads to a U.S. digital currency.” (more)
LARRY FINK in 2022 – 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)
(Reuters) – Global bank messaging network SWIFT is planning a new platform in the next one to two years to connect the wave of central bank digital currencies now in development to the existing finance system, it has told Reuters.
The move, which would be one of the most significant yet for the nascent CBDC ecosystem given SWIFT’s key role in global banking, is likely to be fine-tuned to when the first major ones are launched.
Around 90% of the world’s central banks are now exploring digital versions of their currencies. Most don’t want to be left behind by bitcoin and other cryptocurrencies, but are grappling with technological complexities.
SWIFT’s head of innovation, Nick Kerigan, said its latest trial, which took 6 months and involved a 38-member group of central banks, commercial banks and settlement platforms, had been one of the largest global collaborations on CBDCs and “tokenised” assets to date.
“We are looking at a roadmap to productize (launch as a product) in the next 12-24 months,” Kerigan said in an interview. “It’s moving out of experimental stage towards something that is becoming a reality.”
Although the timeframe could still shift if major economy CBDC launches get delayed, getting out the blocks for when they do would be a major boost for maintaining SWIFT’s incumbent dominance in the bank-to-bank plumbing network.
[…] A raft of heavyweight commercial banks including HSBC, Citibank, Deutsche Bank, Societe Generale, Standard Chartered and the CLS FX settlement platform all took part too, as did at least two banks from China.
The idea is that once the interlink solution is scaled-up, banks would have one main global connection point able to handle digital asset payments, rather than thousands if they were to set up an individual one with every counterparty. (read more)
ALSO In 2022 – [White House] – President Biden often summarizes his vision for America in one word: Possibilities. A “digital dollar” may seem far-fetched, but modern technology could make it a real possibility.
A United States central bank digital currency (CBDC) would be a digital form of the U.S. dollar. While the U.S. has not yet decided whether it will pursue a CBDC, the U.S. has been closely examining the implications of, and options for, issuing a CBDC. If the U.S. pursued a CBDC, there could be many possible benefits, such as facilitating efficient and low-cost transactions, fostering greater access to the financial system, boosting economic growth, and supporting the continued centrality of the U.S. within the international financial system. However, a U.S. CBDC could also introduce a variety of risks, as it might affect everything ranging from the stability of the financial system to the protection of sensitive data.
Notably, these benefits and risks might vary significantly based on how the CBDC system is designed and deployed. That is why Executive Order 14067, Ensuring Responsible Development of Digital Assets, placed the highest urgency on research and development efforts into the potential design and deployment options of a U.S. CBDC. The Executive Order directed the Office of Science and Technology Policy (OSTP), in consultation with other Federal departments and agencies, to submit to the President a technical evaluation for a potential U.S. CBDC system.
Today, OSTP is publishing its report, Technical Evaluation for a U.S. Central Bank Digital Currency System, which lays out policy objectives for a potential U.S. CBDC system and analyzes key technical design choices for a U.S. CBDC system. The report also estimates the technical feasibility of building a CBDC minimum viable product and describes how a U.S. CBDC system might affect Federal operations. The report makes recommendations on how to prepare the Federal Government for a U.S. CBDC system. Importantly, the report does not make any assessments or recommendations about whether the U.S. should pursue a CBDC, nor does it make any decisions regarding particular design choices for a potential U.S. CBDC system. (read more)
A digital dollar creates a unique id attached to that digital dollar. Ultimately, the central bank that issues the digital dollar controls what the digital id can do (that’s you), and what those digital dollars can be used for (what you can do).
Digital dollars can be blocked from gun purchases, and digital ids can be used to stop unapproved users from purchasing guns – or a gas guzzling suv, or a house that’s too big, or the non-compliant fridge, or whatever.
Sellers of goods (or information) can have their ids banned from receiving digital dollars, just as VISA and MasterCard blocked sellers of guns from accessing their electronic transaction system. With digital dollars, “demonetization”, an alarmingly familiar modern term, can become a function of a financial regulation system. “Debanking” another alarmingly familiar term, also becomes much easier.
Ultimately, a dollar-based US-Central Bank Digital Currency, ie a “digital dollar,” is about control.
Every transaction has a unique digital fingerprint, and every digital dollar can be traced by the IRS to the digital id associated with it.
There is a BIG difference between electronic funds (current), and a digital dollar (future).
#1: Sundance as a black-market alternate economy evolves do you feel that precious metals will be able to form a base of value for Local product exchanges or will basic barter rules be the basis?
#2: Sundance you stated that all existing crypto currency will be blocked. What mechanism do you see doing this action? Will this blocking be in all of the yellow bloc area? If you have dedicated IPs in Brics countries will you be able to use crypto currencies for purchases in the Western bloc areas?
#3: Do you envision that all disbursed proceeds from investment accounts(IRA,401K, and non-IRA) to only be in CBDC? If this is going to be the case would it benefit us to now convert these funds into hard commodities such as precious metal country sovereign currency coins?
Did Sundance say that BTC will be blocked? I thought he said digital currency didn’t want to get too far behind cryptos. I could be wrong.
Ultimately, is there a difference between digital currency and cryptos?
Yes.
Purchases using Cryptocurrency purchases are not controlled by the Fascists in DC, whereas CBDC purchases will be identifiable as to specific items purchased, the ID of both the purchaser and the seller, and are designed that all spending is easily controlled by the Fascists.
That’s why the Fascists demand that all cryptos be outlawed when CBDCs are launched.
Crypto=cash in this scenario. Hand it over…or else
Yes… The digital currency is issued by the central bank of that country… Cryptos are pure private contracts with the banks being entirely cut off from the transaction … The ledgers are maintained using blockchain technology
What can we do to protect and insulate ourselves against a cbdc, is there a way to keep ourselves out of their long reach?
After reading this article my eyes glazed over, my brain turned to peanut butter. Now entering a catatonic state.
Aren’t you guys have citizens of the state that you were born in or residing ?
Individual States must start issuing their own money as legal tender within their own boundaries.. but this is a pipe dream
I don’t believe a State can legally issue currency. It’s one of the Rights they unfortunately gave up when they (wrongly) voted for the new constitution of these united States. They can, and in fact are legally obligated, to only accept gold-silver as legal tender.
Idaho and Wyoming are currently issuing currency which are paper bills infused with a specified gold contact. I am not sure of the technology that they use to get the gold in the paper but it is happening and it is constitutionally legal.
Outside of the money system, you would have to barter. And utilities could not be obtained without the cbdc. So I would then make alternate forms of power a priority. Learn how to do things the old way. Learn old ways. To avoid the controls brought by digital money & ID’s, we have to imagine living without utility power, water and refined fuel.
and just think . if you add in that we are at the end of a 12000 year solar cycle in which the poles rotate 90 degrees and there is a massive electrical storm that takes out all of the grid on the planet . .never to return in your grandchildren’s lifetime .. your statement is highly advisable .
The poor people I know are doing that right now, ie, bartering among themselves. The recent immigrants are really good at that.
What a country!
What is the timeline for the start of CBDC? What are the signpost to look for that indicate it is getting closer?
Yes, what is the timeline?
Read the book of Revelation.
Visa and MC already have a digital version of the US $. I am not understanding how a Central Bank US $ is different?
When you charge something on your credit card you create debt based currency.
When you pay your bill its destroyed.
The same is true for all loans, except the interest.
What does that mean, “except the interest?” If you pay your bill IN FULL including the interest, why and where does the interest remain???
It’s to get everyone on the same page. Like carter did with the DOE in 1079. We didn’t need it or want it.
They will do the same with the meter on your electricity and the gas guage on your car. “sorry, you have used all your allotted heat this month, your thermostat will be set to 65 F for the rest of the month.” Or, “you have used your allotted amount of gas in your ICE; the vehicle will not be able to be re-fueled until the 5th of next month.”
65? More likely 55.
Remember these are fascists; they couldn’t care less about our comfort or health.
You can easily substitute gas, home heating oil, electricity, bread, canned goods, beer, cheese, fish, milk etc for meat!
Not could be, WILL BE., unless you are a minority.
Key point – favored groups will get bigger allowances. Non-favored groups will be cut short on food, utilities, transportation each month.
Designed to create knock-on problems for the non-favored groups.
“What?” the boss asked, “Your CBDC would not let you buy gas, so that’s why you are late to work again? Sorry, I need someone I can rely on, clear out your desk and go see H.R.”
Many ways the regime can weaponize CBDC.
And this is the very kind of poster that should be spread throughout the Western world through the net.
By the millions.
Do bugs count as meat?
Did you read the whole article, it is literally in there.
Ultimately, a dollar-based US-Central Bank Digital Currency, ie a “digital dollar,” is about control.
Every transaction has a unique digital fingerprint, and every digital dollar can be traced by the IRS to the digital id associated with it.
There is a BIG difference between electronic funds (current), and a digital dollar (future).
https://theconservativetreehouse.com/blog/2024/03/25/swift-planning-launch-of-central-bank-digital-currency-trading-platform-in-12-months/
So 12 -24 month timeline.
Question, a new law must be passed for that to happen ? Or is one in existence, or can an executive order pull that off ?
to avoid conflict with constitution, US digital currency will be issued by primary dealer banks, Chase, BofA, Wells Fargo. already being tested.
Think Prohibition. Home brew, black market. We’ll become squatters on our own property.
am I wrong to think that the yellow zones are mostly Caucasian run, and the gray zones are non-Caucasian, with the exception of Russia?
The non-Caucasian have moved in and taken over most of the USA in my part of the country.
“Run”? No. Homelands? Yes. Majority? Not for much longer.
How will they stop the rise of barter communities and if they do intend to stop them, what will be the mechanism/agency that will take on the job? How long before open rebellion?
How many bills could you pay with barter?
The peacekeepers move in, destroying whatever barterable items that the President Snowjob of the Day deem to be contraband.
Then the Reaping begins shortly thereafter.
I hope its peacekeepers,…those blue helmets are easy to see, even 1000 yds out, lol.
Is there a way to put ourselves in a position to benefit from a digital currency ?
Be best friends with the bankers who control it.
1 – will gold be cconfiscated?
2 – will this CBDC takeover happen in increments or all at once?
3 – if a nationwide strike arose in response to the imposition of CBDC how long would it feasibly last in a ballpark guess?
These kind of things creep up incrementally until it smacks you upside the head.
Well, it takes mission creeps to implement these kinds of ‘policies’…
What has more value, a physical gold or silver coin in your hand or a promise by the government that they will pay you back one day.
“If, for example, India is still buying widgets from the Western zone, wouldn’t an enterprising Indian company just start buying extra widgets from the USA, Canada or Europe and then brokering a portion of those products into Russia. It seemed like common sense, and indeed that type of exchange is exactly what happened.”
Textbook end-run.
A whole lot of end-runs is what President Trump will have to do to get around the three letter swampaucracies. Such as when, in his first term, he did an end-run around the dead rear-end Pentagon to get troops deployed to defend America’s southern border from invasion.
What is a widget? And who and why and how are they bought???? Serious question from a woman who is neither tech-savvy nor global-financially savvy. Can i buy a widget? Can you? and from whom do we buy them? How do we pay for them???
Widget is just a name for a thing- ama- jig. Could be anything, tv, vacuum, car, screwdriver, whatever.
“Widget” is the techie word for “thingamabob”.
Guinness put one in their canned “draft” beer.
It was a carbon dioxide “widget” which when the can was opened it brought the nectar back to life.
They were not too bothered by global warming in those days. You know that life destroying satanic gas Co2
Big sarc.
Boddington’s was another one that gave that “draft” feel using the widget. I had to tear a can open just to
see how it worked…..after consuming the contents of course.
See Rodney Dangerfield in Back to School………
2nd question: do you think that we can ever live peaceably with the people that are perpetrating this crap on us, i. e are they capable of repentance?
if not, do you think we will always just be at war with them while we suffer, or if not, how will we separate ourselves?
TEXITNOW . ORG
TNM . ME
I think your choices are worse slavery than you have now .
Or fight till your last breath .
I really think that’s what it’s coming too.
And I hope I am wrong .
Sure, once they are secured, at least 6′ under, with an oak stake driven thru their heart, and decapitated with their head between their feet,….THEN we can have “peaceful co-existence” with the bastards.
May we dump a few cubic yards of concrete on top ……just to be absolutely, positively sure?
I think we should save our shovels or diesel (if using backhoes) for the job and just make
one large pyre of them…..after the stake and axe treatment…and definitely downwind.
It seems like the Deep State is terrified of Bitcoin, the same way they are terrified of Trump., (both are beyond the control of “nation state” actors, impervious to corruption, and growing stronger and more popular by the hour.)
Question #1: Is Bitcoin the “Trump” of cryptocurrencies?
Question #2: is the upcoming “digital dollar” the “Biden” of cryptocurrencies?
Thanks Sundance, and Happy Easter
Bitcoin and others will not be allowed. Even block chain finance will be prohibited by monitoring and blocking your electronic access.
Its 100% totalitarian control.
Bitcoin is the mirror image of all fiat currencies – except it’s not controlled by an oligarchy or central source. They don’t fear it – it’s competition and they can’t have that. Bitcoin simply digitized what would otherwise appear as a piece of paper.
It takes tremendous mount of energy (electricity) to run this. We don’t have enough. What this means is that CBDC transactions will have to be very limited. Guess, most of whom will not even have reasonable access to it (so no transactions sans bartering).
Regarding electricity use, Bitcoin alone (peak of 240 TWh) has the same electricity footprint as the country of Argentina! Unless dozens of Gen 4 GW nuclear fusion reactors are built, there is no way CBDC would be as ubiquitous as credit cards of today, in terms of number of transactions. Ergo, “no transactions for you as you have exceed your quota of ……”, QED.
https://www.eia.gov/todayinenergy/detail.php?id=61364#:~:text=The%20CBECI%20estimates%20that%20global,to%20have%20been%2027%2C400%20TWh.
Thank you.
I think you need to study it further. Fiat currency is centrally controlled, btc is not centrally controlled so it’s not the same as paper dollars. It’s also limited in the amount that will ever be in existence… 21,000,000. Thats it. Do your howmework Eric. 🙂
I think the elites run bitcoin .
And I read recently they actually own a ton of it .
But thats just my opinion,and I am no expert on anything.
It’s a hunch .
The existing global monetary system is an interactive set of individual bank and central bank digital ledgers.
The danger is consolidation into one digital ledger system.
Further, one man’s debt/spending is another one’s asset/ income.
I think that’s the ultimate goal.
Question, since we know based upon fundamental physics that manmade CO2 climate change is a scam, why the focus on the Christian west?
The time has come. We either say Eff the WEF or succumb.
Will not comply with any of that crap.
I am a Christian & will not be part of the ones who choose the Beast.
GOD Bless us all~!
polecat says go ahead WEF -MAKE ME!
THEY think people will just roll over. I think many won’t.
And that sounds like the mark of the beast don’t it .
Christianity is the greatest threat to what’s to come. The digital wallet will be a number eventually, the number of a man. Six hundred, threescore and six. Nobody will be able to buy or sell without it.
The current western system of bank-owned credit cards is regularly hacked and incapable of keeping cardholders’ data secure. Latest example here: https://www.theepochtimes.com/us/att-says-leaked-data-set-impacts-about-73-million-current-former-account-holders-5618644
So how will a CBDC be a security improvement for “owners” of those digital dollars? It would be based on many of the very same computers, running on the very same internet, vulnerable to the very same hackers.
This will be the pretext for why we must all have biological ID.
All tools are also weapons.
The only difference is the hand that holds it.
If your a thief, you cut off the appendage with the chip or fingerprint, or use a spoon to scoop out the eye, for retinal scan, and its so obvious that nobody is going to want such a system.
Wouldn’t a digital currency which carries an account owners identification number that’s easily tracked require some federal legislation in order to be approved?
Not that the RINOS wouldn’t jump at the chance to screw Americans!
A more interesting question is how can the fraud and money laundering that powers government corruption still occur?
What are the “benefits” of the CBDC that TPTB will dangle in front of Americans in order to get this scheme adopted?
Do they think they even need to sell it to us but just implement it under some emergency economic guise? Look at the southern border invasion — did they bother to sell the “benefits” before opening it up?
good point. They will try to do what they want. They will use an excuse like global warming or they will create violence all over the country, and use that as an excuse. It doesn’t really matter, they will find a way to do what they want to, unless we as a people REFUSE TO COMPLY.
Convenience. Just like auto pay, credit/debit cards, Apple Pay, etc., that people enthusiastically use.
This. Most Americans are fat, and fat people in general will do ANYTHING for convenience. If you told them that if they accepted total economic control in exchange for a twinkie they would do it.
“What would ya do,…for a Klondike bar?” lol.
it doesn’t matter what “benefits” they dangle. We have seen that they are readily able to come up with “benefits.” It’s all in their PSYOPS: think about the so-called vaccine: They said, “We are the science.” “You need the “vaccine” or you will die.”
First they hyped the number of “cases” using a fraudulent PCR test to make it look like everyone was getting sick with a lethal disease. Then they locked down the country. Then they said “if you take the “vaccine” you can get out of lockdown.” Every single thing they said had nothing whatsoever to do with science. It was all lies. Nobody in a position of “responsibility” had a clue what the science was. This was an attempt to damage and destroy millions of people because those globalists like Bill Gates and the banking cartels have as their main goal eugenics: the idea of depopulation.
Since that is their goal, and those who are in the highest positions of power want that, they tell any lies they need to in order to reach their goal. There was no pandemic. There was no killer virus. There was never a need for an experimental injectable drug. It was all about killing as many people as they could.
Now there are probably over 17 million people around the globe who are dead because they did what their government told them to do.
You are 100% correct. And even worse were the 1.2 million death by hospital protocol in the “covid wing”. False positive, isolation from loved ones, maltreatment, remdesivir, ventilator, death.
THAT backs up everything you said about their true intentions.
AmerenUE got me to finally buckle to getting a smart meter after I paid a $40 per month charge for keeping my old style meter for a year ($500). So they gave me the “option.” They will penalize you monetarily. Soviet style encouragement.
Digital dollar is laughable, and it’s also the end of freedom IMO.
To have this discussion, it is good to know about the dollars we have. There are three types of dollars: Reserves are T-bills and cash, they are created by the Fed, and all taxes are required to be paid in reserves. Reserves are nominally worth more that other types of dollars. Then there are insured bank deposits. Bank deposits are created out of thin air by your local bank and loaned into existence by entering a figure on a ledger. These are worth nominally more than the last kind of dollar, the uninsured dollars on deposit with uninsured financial institutions, like trading houses.
It seems to me, if a central bank digital currency is adopted, then the last two types of dollars would be exchanged for reserves, and it would be an all-reserve monetary system. Banks could not just loan money on the spot, they would have to get the reserves from the Fed member banks. It would be cumbersome, and small banks and credit unions would pay higher fees to get the money to loan out. So, eventually the Fed member banks would have all the deposits and rule the world.
Many say fractional reserve banking isn’t real money, and yes, it is not. Money is a promise to pay a debt, which can be traded. It is imaginary. Cash is real, but it is cumbersome. If money is is short supply, people will create imaginary credit accounts, so there is no foolproof way to discriminate against people or goods using the common currency, there will always be a way to get around prohibitions on free trade.
People would probably not stand for a central bank digital currency. It would be less efficient than what we have now. There would be no float, so paychecks would not post right away and payments would take days for funds availability to process. People would be forced to go back to using cash for many transactions.
And so unless we are like Fani Willis, who keeps $15,000.00 in cash stored in her home (for emergencies of course), we are screwed?
Once we have CBDC, cash won’t work anymore. You won’t be able to buy anything in store or pay any bills with cash.
Sundance,
Ultimately, the weapons are always turned inwards.
Can any of you help? I would like to go to the thread on questions and answers. However, although i had a password a long time ago, I never wrote it down and now cannot remember it. I do not see a link where I can get help regarding my forgotten PW. All of you know me; I go by my real (legal) name and am a Trump and MAGA Patriot.
How can i find my previous PW; (IFIRC, it was one we all shared for the “pw only sites)?
Send an email to the moderators; email address is at the top of the site.
It appears that this is the site of the questions. I am awaiting the answers.
I’m not finding the email address.
[email protected]
https://theconservativetreehouse.com/blog/2023/10/07/password-wolverines/
My question “” what will become of roth Ira’s,and 401 k’s ? Do you see people merely getting a notice?
Will BRICS ultimately effect farm commodity prices? China is buying all soybeans from Brazil and Argentina and why not since they are part of BRICS.
President Trump stated he was against or would not allow the CBDC to happen if I remember correctly. How might he accomplish that, and will it be in place before he is elected?
I’m wondering how CBDC will be tied into the stock market. Currently you can transfer stocks to someone else if you wish to do so. Could this be a way of circumventing this lunacy? Say you want to buy a car from someone. You could transfer enough shares of stock to them to cover the cost of the car.
I think the answer to all your excellent questions is yes.
Since Crypto/CBDC are digital does that mean if the Net goes down by cyber attack or gov handy work they’re unusable? Can those same players vaporizer balances like
Sam Bankman-Fried did?
How can we fight this?
Buy gold and silver – especially silver since it’s far more affordable now – and stow it safely and discreetly in case you need to buy food, goods or services after they launch CBDCs and you do not want to comply.
Also ammunition is a very fungible item useful for bartering…many recommend stocking up on the more popular types of ammo as well..
https://www.swift.com/
So is the US participating in CBDCs already?
It does appear to be .
My simple question was, “won’t alternate countries just step in to fill the void of trade eliminated by the sanctions?”
My simple answer, nature abhors a vacuum.
Fair Warning : Have a ‘Plan B’ Many are saying Colombia looks good, among others.
Otherwise a CBDC will quickly lead to ‘social credit scores’ particularly if the Leftist Democrats are allowed to steal the 2024 election. This is really it – no more second chances.
Functionally and pragmatically, I think that: “the [self-linked …] digital Dollar” is a pure fantasy.
Yes, the entire(!) notion that we can – “actually, somehow, pragmatically, pragmatically” – attach “every single transaction” to “the singular person who ‘transacts’ it” – and thereby [globally?] “approve or disapprove, in real time,” whether the transaction ‘should’ occur?
There are purely engineering reasons why “this can never actually happen.” Beginning with the fact that we certainly do not possess the “100% reliable” infrastructure to sustain it. But there are many other reasons – all of them related to the potential consequences of “failure.” (Which, in this scenario, are also: “100%.”)
But also, there is the “roll-up.” These “potential consequences of failure” occur simultaneously at the “most micro” and the “most macro” ends of the scale. Are you still ready to sell “100 million barrels of oil?” …
To emphasize the issue: “the ‘economy’ that you are selling to represents ‘x%’ of the world’s economy, but “‘x’ < ‘y’!” So, looks like “it’s a great big (‘y’) world out there!” …
…
…
ahem.
So, “which segment do you want to sell your goods to?” The one who has just “followed the pied piper right off the digital-[X] cliff,” or the rest of us, who still understand how [digital] technology works? 🤷♂️
So Mike ,what system is China currently running ?
From what I understand,they need their phone for everything,and have a social credit system?
Like Obamacare, the fact that the government doesn’t have the expertise to implement a new technology without major problems never seems to stop them from going forth anyway….
Is there a creative alternative for landlords and tenants? Other than bartering?
A quick look at
IOS 200022 and it appears
The data transfer system is in what they call co- existing at this time . That March of 2025 the US will be completely on board . And Co -exist will cease.
Will credit Unions be separate from those banks in that system?
credit unions and regional banks may cease to exist.
Fear not, for people always find away of taking care of each other. Ever have a supermarket cashier scan a store card for you to be able to get the discounts? They’ll do the same thing when your red meat quota allotment is up… they’ll just scan a code for cricket burgers they keep hidden under the counter and let you leave with what you want. It’s Human Nature to help, and they’ll be just as ticked off as anybody. What kind of an enforcement allegiance can a Black Rock demand of a $12/hr employee?
Gun or SUV purchases blocked? First time that happens the courts will take interest in whether Congress’ interference in commerce is regulating commerce — and between two parties in the same state.
Don’t write off the constitution just yet.
The Federal Reserve is in on it – Think Weimar Republic with authoritarian Democrats. You will suffer.
I pay mostly in cash now, give big tips and people like me.
With a CBDC and authoritarian Democrats what are some of the things that could EASILY happen:
> You want to buy a new car or truck with a ICE, fine – your interest rate on your vehicle loan is 25%
>You’re a white middle-aged man making +$100k and want to buy a house, fine- your interest rate will be 10% on your 30 year mortgage
>You’re a illegal alien looking for a house to buy, fine – your interest rate is a -5% on your 30 year mortgage.
And on and on.
Leftist Democrats seriously wanted to requite PDJT voters to have to go through ‘re-education’ to regain ‘good standing’ after the 2020 steal. A CBDC is just the ticket for their authoritarian utopia.
To re-state what ought to be obvious:
• The “United States” … (why}
• “… digital …” … (why?)
… “… Dollar!” … (why?!)
And, if now presented with “any segment of the world in which this ‘thing that makes no sense’ is supposed to be ‘sensible,'” every other “segment of the world” will of course react appropriately . . .
It should be perfectly(!) obvious that no “international monetary system based on ‘currencies'” can never depend upon some “individually-focused political” decision as to whether the [potential …] bearer of “the currency” actually(!!) “bears” it.
You can never “accumulate” transactions based on [the anticipation of …] “[X]illions of [currency units],” if you cannot predict whether-or-not such “currency” was actually tendered – or could have been tendered – based upon the “political decisions” of “who-knows-what.”
No. That “cannot” work.
Meanwhile: “they have to trade. Every day.” They cannot wait for us – or, put up with us.
how do I get a password
It’s not a secret…
https://theconservativetreehouse.com/blog/2023/10/07/password-wolverines/
Please tell us your very best estimate of when this all will really start to come down and be very visible.
I see now why they had to get rid of Abe.
Please expound..
Likely implying that Lincoln was going to have the Treasury issue greenbacks. Paper currency that was not intrinsically tied to debt expansion as would typically be done with central bank issued currencies.
Not very well thought out by deepstate, and globalists. Grid down now what?
“’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. ” If SWIFT was able to be used as a weapon against any country or person using the dollar at the whim of the US government, why won’t SWIFT 2.0 AKA CBDC also be used as a weapon against any country of person using the dollar… or even more currencies? It’s a “no brainer.” CBDC = BAD JUJU!
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I’m confused. Are stores going to become prohibited from selling fungible gift cards? What about fungible postage stamps for small purchases and barter. Are family members and friends going to be prohibited from buying for each other and exchanging “gifts”? Do rich people get bigger beef rations so that they can throw parties?…
Does the tax code, Article 9 and the rest of the Commercial Code, et al. get reformed to disallow 1031 exchanges, gifts, inheritances, and a panoply of private “paper” aka contract rights and their free transfer? While bearer bonds started to be illegal/defunct in 1982 (where was the hue and cry?), all manner of other kinds of notes and paper still can be freely created, assigned, and transferred (e.g. mortgages).
Could this not all also be thwarted by the rise of private bartering exchanges? And local banks and credit unions that are not part of the Fed?
Even gold, note, is just the equivalent of “currency” albeit an ancient agreed currency but itself has not much essential intrinsic worth. It’s not, e.g., as useful as oil or land. Currency is just a medium of exchange that’s convenient because it has an agreed value. In certain communities, EBT cards are currency.
I confess to not regularly having to make major international transactions, and being rather economically ignorant.
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“Ultimately, a dollar-based US-Central Bank Digital Currency, ie a “digital dollar,” is about control.“………….
This is all anyone with more than a double digit IQ needs to know. Unfortunately, the government was incentivized when it saw how easily Americans could be controlled during the Covid hoax. If you can get 220 million Americans to line up for a medical procedure they knew absolutely nothing about, then a digital monetary system is a piece of cake. All that’s left is to work out the procedural details.
When one objectively views this mass manipulation, and lack of critical thinking that surrounds it, it’s easy to understand how millions of Jews willing got on cattle cars for their trip to Auschwitz.
Russia is now running into headwinds selling oil to India because it insists on settlements in Chinese Yuan.. India has now gone back to buying oil from other non Russian sources.
Question: What do you think would be an alternative for trade settlement other than the Chinese RMB for Russia which is now increasingly becoming a Chinese satellite state
I have emailed before and never got a password
Try emailing again but make sure that in the subject line of the email you reference both your user name and ” password request”
(No point publicly sharing the password here as that rather defeats the purpose.)
https://theconservativetreehouse.com/blog/2023/10/07/password-wolverines/
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Trying to understand and getting more confused… For thousands of years people traded and did commerce without the U.S. dollar. In multiple countries of the world now, U.S. dollars (incl. cash) are accepted as payment.
Would the destruction of the U.S. currency give rise to people in the U.S. doing smaller local transactions by substituting another country’s paper cash where acceptable? (The reason our cash declares it’s legal tender for all debts public and private is to assure that it has to be accepted, but that doesn’t preclude other mediums of exchange.)
Even if a digitized dollar is implemented, could it not thereafter be thwarted by a law that said all digital dollars must be convertible upon demand to anonymous non-digital electronic or hard currency of another kind?
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