USE CASH – or Become A Slave to The System

Babylon's Bankers

PROGRAMMABLE CENTRAL BANK DIGITAL “CURRENCY”

For some time now, people like former Assistant Secretary of Housing and Urban Development Catherine Austin Fitts and many others – including yours truly – have been warning about the dangers of crypto-currencies, and more especially, of Central Bank Digital Currencies or CBDCs. Our warnings have consistently centered around three basic dangers they carry with them: (1) they are not energy efficient, and as electronically based systems can be subject to outages such as electro-magnetic pulse and so on, and additionally as cyber-systems, suffer from the lack of integrity in such systems. Indeed, when I first heard about them, one of my own personal warnings was that in spite of claims to the contrary, they could be hacked. Stories have finally appeared to this effect. (2) Contrary to claims of privacy and to the early claims that crypto-currencies spelled the end of central bank private money monopolies, such technologies in the hands of central banks, with the power to mandate their use and to outlaw others, would spell the end of privacy.  Finally and most importantly (3) such currencies in the hands of central banks, coupled with social credit scoring systems, would effectively not be a currency at all, but more like corporate coupons whose value (or lack thereof) could be adjusted on a case-to-case basis, depending on your behaviour and your thinking.

These may seem like outlandish ideas, but the following article shared by V.T. provides confirmation of these basic theses:

Let us be clear about the developments outlined in this article: while these “currencies” may be new, they are not normal nor are they currencies. Note the following statements:

For those who have never heard of them, “Central Bank Digital Currencies” (CBDCs) are exactly what they sound like, digitized versions of the pound/dollar/euro etc. issued by central banks.

Like bitcoin (and other crypto), the CBDC would be entirely digital, thus furthering the ongoing war on cash. However, unlike crypto, it would not have any encryption preserving anonymity. In fact, it would be totally the reverse, potentially ending the very idea of financial privacy.

Now, you may not have heard much about the CBDC plans, lost as they are in the tangle of the ongoing “pandemic”, but the campaign is there, chugging along on the back pages for months now. There are stories about it from both Reuters and the Financial Times just today. It’s a long, slow con, but a con nonetheless.

The countries where the idea progressed the furthest are China and the UK. The Chinese Digital Yuan has been in development since 2014, and is subject to ongoing and widespread testing. The UK is nowhere near that stage yet, but Chancellor Rishi Sunak is keenly pushing forward a digital pound that the press are calling “Britcoin”.

Other countries, including New Zealand, Australia, South Africa and Malaysia, are not far behind.

The US is also researching the idea, with Jerome Powell, head of Federal Reserve, announcing the release of a detailed report on the “digital dollar” in the near future.

And here’s the rub, and it directly confirms the warnings of Catherine Fitts and others regarding the true nature of CBDC’s: they are not money nor currency in any sense:

The proposals for how these CBDCs might work should be enough to raise red flags in even the most trusting of minds.

Most people wouldn’t like the idea of the government monitoring “all spending in real-time”, but that’s not the worst it.

By far the most dangerous idea is that any future digital currency should be “programmable”. Meaning the people issuing the money would have the power to control how it is spent.

The article then links a video of Agustin Carstens, head of the Bank of International Settlements (BIS), and in case one missed it, actually cites him a little later in the article:

Here’s that quote again, with some emphasis added:

The key difference [with a CBDC] is that the central bank would have absolute control on the rules and regulations that will determine the use of that expression of central bank liability, and the have the technology to enforce that.”

…which tells you not only that they want and are seeking this power, but how they justify it to themselves. They transform other people’s money into an “expression of their liability”, and so consider it’s only right that they control it.

An article in the Telegraph, back in June, was just as candid [our emphasis]:

Digital cash could be programmed to ensure it is only spent on essentials, or goods which an employer or Government deems to be sensible

The article goes on to quote Tom Mutton, a director at the BoE:

You could introduce programmability […] There could be some socially beneficial outcomes from that, preventing activity which is seen to be socially harmful in some way.

It does not take a particle physicist to understand that if central banks can program their digital “currency” on a case-by-case individual basis to be spent only on certain things, the same capability also gives them the ability to determine the value of that “currency” on a case-by-case individual basis. In short, the same technology enables both the end of financial privacy and makes the “currency” into a corporate coupon. This is a one way mirror behind which the banksters can operate with impunity, and is tailor-made for even more financial fraud.

Q.E.D.

So how does one combat this? There are two simple solutions: do not bank with the big banks, use cash as much as possible in transactions, and start building networks with the realization that sooner or later, those networks might have to create currencies of their own.

See you on the flip side…

from:    https://gizadeathstar.com/2021/10/programmable-central-bank-digital-currency/

CASH Friday!

Let’s Do It!

Bring Back Cash!

#CashFriday

 

 

 

 

By the Solari Team

As the saying goes, “money makes the world go around,” but today’s battle of digital currencies, inflation, and paper currency has humanity at a tipping point between freedom and fascism.

The pandemic and accompanying lockdowns have been wildly successful, creating the right environment for total control of society, health, money, and food. Huge portions of the population, influenced by fear and mind control, are in complete submission. Every aspect of life and how it functions is now approaching Mr. Global’s grasp.

Why the need for total control? Who knows…. People like Catherine and Dr. Joseph Farrell have spent decades trying to figure it out; no doubt they are close. The reality is, however, that we have no more time to figure out why. Humanity is in the middle of the train tracks, and the train is coming through the tunnel and toward us at full force.

There is an overwhelming feeling of “what to do?” I can understand how a deer gets stuck when the headlights are coming at it. Fear can be paralyzing. But we all can do something and that something is pretty simple: use cash, especially on Fridays.

Some of us are Christians, some not. We don’t all know the purpose of eating only fish on Fridays, but it seems to many that Fridays are a day to prep for something bigger, such as Good Friday. In American culture, we have a lot of Friday events: summer Fridays, half-day Fridays, dress-down Fridays. When Mary Holland from Children’s Health Defense suggested Cash Fridays, it made perfect sense to Catherine.

Why cash? Because in order to have a full digital monetary system with complete central control, the circulation of paper currency has to end. (See the above video of Bank for International Settlements General Manager Agustín Carstens in October 2020, telling you exactly where the central bankers intend to go.) We’ve already heard there are coin shortages. Some are saying that the Fed has stopped printing paper currency. That can’t be confirmed, but it doesn’t really matter. We know the game. To slow this train down, we can keep paper currencies and coins circulating. This is a very easy thing for all of us to do.

There are a lot of divide-and-conquer politics out there. People are fighting for the stupidest reasons. We bet a dollar, however, that the one thing we ALL can agree on is stopping our money from being stolen or controlled—keeping our money safe. It wouldn’t shock us if even the Ku Klux Klan (KKK) or Black Lives Matter (BLM) could agree on that. So it’s simple: We don’t need 100% of the population to do this; 10% of the population is enough.

Keep cash floating through the system.

ACTION PLAN

1. Use cash whenever you can, but on Fridays use cash ONLY.

2. Download the #cashfriday slogan and spread it on all your social media platforms. It’s especially important not to type out #cashfriday because of algorithms and censorship.

3. Keep it going for as long as it takes.

It’s as simple as 1, 2, and 3. But if you really want to take it further, we are including links on how to find a local bank and other reports on how to take big bank and corporate tyranny out of your life. We are making these reports available to the public to add strength to the momentum.

So, let’s make Cash Friday the preparation for something bigger—and that something bigger is sovereignty and freedom for all humanity.

from:   https://home.solari.com/cash-friday/

Use Cash – Defy the System

THE BIS AND DIGITAL “CURRENCY”

THE BIS AND DIGITAL “CURRENCY”

July 13, 2020 By Joseph P. Farrell

G.B. spotted this article, and offered a few tangential but important comments. Essentially, it’s an “update” to the Bank of International Settlements’ plans to roll out digital currency, ultimately to replace cash:

BIS Innovation Hub: The Gradual March To Central Bank Digital Currency Continues To Advance

Essentially, there are two important points to note. Firstly, various central banks are already engaged in a limited roll-out of digital currencies:

The initial phase of the project saw Hub’s opened up in Switzerland, Hong Kong and Singapore. An operational agreement was signed with the Hong Kong Monetary Authority in September 2019, followed by an agreement with the Swiss National Bank in October. The Hub in Singapore began operations in November.

With phase one completed, the BIS have now moved into the second phase which they warned was going to happen when the Hub first launched. Accompanying the release of this year’s Annual Economic Report, the institution announced that the Hub is expanding to new locations in both Europe and North America.

Over the next two years, the Bank of England will be opening a centre, along with the Bank of Canada, the European Central Bank and four Nordic central banks (Sweden, Denmark, Norway and Iceland). A ‘strategic partnership‘ will also be formed with the Federal Reserve System.

East and West may appear divided in the geopolitical sphere, but in the world of central banking they are very much united behind the common goal of the Hub.

As the BIS outlined in a press release, the expansion will ‘allow Innovation Hub to spur central bank work across multiple fintech pillars‘. General Manager Agustin Carstens confirmed that the ‘new centres will expand our reach significantly and help create a global force for fintech innovation‘.

The second, and much more important point to note, is that the goal is both to digitize liquid assets and cash and essentially free this digitized currency from any connection to tangible and real assets, and to incorporate the “unbanked” or “underbanked” population of the world, some billion and a half people, into this system:

What central banks (in line with state legislatures) are not going to do is simply outlaw cash when CBDC’s become available. I believe what they want is for banknotes to dwindle to a level where they can make the argument that the servicing costs of maintaining the cash infrastructure outweigh the amount of cash still in circulation and being used for payment.

An Access to Cash report published in the UK last year warned that because of bank branch closures and the decline of ATM’s, Britain’s cash network was at real risk of collapsing. Introduce a CBDC into the equation and you can see how cash will soon be deemed nonviable. Those who might opt to use cash over a digital currency would eventually have no other option than to transfer their money into a CBDC.

One of the main goals of global planners is to target what they call the ‘unbanked‘ or the ‘underbanked‘. In other words, those who exist largely outside of the financial system and trade anonymously. The BIS Annual Report declared that 1.7 billion adults and hundreds of millions of firms ‘are tied to cash as their only means of payment‘. That is one fifth of the world’s population that central banks are seeking to bring into their world – a digital only construct in which the only alternative is a life of destitution.

Essentially, the central banking fraternity will want to be able to pinpoint the abolition of cash on the advancement of technology and the changing payment habits of the consumer, thereby taking the emphasis off themselves.

With regards to changing consumer behaviour, the unproven fear perpetuated throughout the media that cash could transmit Covid-19 has successfully managed to undermine cash to the point where a large swathe of people have stopped using it. The latest statistics from Link show that in the UK transaction volume is down 47% on this time last year.

Over time, central banks will be able to use a sustained reduction in demand for cash to their advantage. As Yves Mersch of the European Central Bank mentioned in May, ‘if our customers, the people of Europe signalled a change in payments behaviour, we would want to preserve their direct link to the ultimate owner of our currency by maintaining their access to central bank liabilities‘.

There are three problems here.

Firstly, notice where the earliest trials of digital currency were held: Hong Kong, Switzerland, and Singapore. As G.B. noted in the comments of the email accompanying the article, each place has been a hub of massive financial scandal and fraud in recent years. And as I and Catherine Austin Fitts have repeatedly warned, a move to a digital currency is a move to something which, in effect, is not a currency at all, simply because of the implied ability of central banks, at the push of a button, to modify the value of that currency at will. Say you leave your place of work with 15,000 digibooboos being deposited in your account. On your way home, you decide to stop and get some groceries. But Mr. Central Banskter needed some extra digibooboos to cover his margin calls, which amount to just a few quadrillions of digibooboos, so he decides simply to create more digibooboos at the push of a button. By the time you arrive at the checkout lane in the grocery store, the robocashier informs you that your grocery bill, which just a few seconds ago might have cost a mere 200 digibooboos, now comes to 14,000 digibooboos, leaving you to ponder whether or  not to buy your groceries and figure out  how to pay your mortgage (which, incidentally, is also digitized along with the title to your house), or abandon your purchase of mystery 3d-printed meat and GMO potatoes, and pay your mortgage (pronto!) before it too becomes too expensive to pay. You decide to do the latter, and rush to the nearest morgautpaycen (mortgage automated payment center), which informs you that, woops, your mortgage payment is now 15,500 digibooboos. Frantic, you try transferring money from your savings account to your transactions account, only to be told that Microsh*t corporation is interrupting the transaction to update the morgautpaycen system (and your “vaccine tatoos”) with the latest updates; please standby, this will take just a few minutes, and do not cancel the transaction. By the time this has ended, a line has formed, and you make the transfer and rush home, only to find the robosheriff has arrived and repossessed your home. In fact, it’s already been sold and people are already moving into it.

Think I’m exaggerating? Well, don’t forget the roll of currency speculators and banksters in driving the German hyper-inflation of the 1920s so they could make huge amounts of money.  In short, a digital currency frees the central banksters and speculators from the necessity of having to use far slower and clumsier methods of the manipulation of stocks, bonds, commodities, and currencies in order to manipulate currency and other types of value. They will be able to do all of that at the push of a button; it’s a convenient way for the banksters to walk away from all their frauds and crimes, probably of an intergenerational nature. It’s Venice all over again, on steroids.

You might as well paint a big target on yourself and all you own, and say, “Here, take it, it’s yours.”

There’s a second problem: the U.S. constitution, which has that curiously worded phrase that only Congress has the power to “make” and “coin” money. Clearly, a digital “currency’s” fulfillment of this provision is at least debatable on a number of grounds.

And finally, the third problem: What happens to all those wonderful digital “assets” if, say, the Socialist Peoples’ Parasite and Piracy Party of Zhi Ping Pong, Woe Phat (thank you Hawaii Five-O) and Wahn Beeg Rhat (thank you Uncle Scrooge and Karl Barks) decides to zap it all with an electro-magnetic pulse because they’re unhappy with the balance of payments  (they were the ones paid off by Mr. Central Bankster with the suddenly-created digibooboos that are now worth far less). Please take all disputes to accounting; issues are typically resolved in 10-30 business days.

I suppose then were back to old fashioned analogue things like cuneiform tablets and paper records.

In short, use cash folks, as much as you can.

See you on the flip side…

from:    https://gizadeathstar.com/2020/07/the-bis-and-digital-currency/