China has been dumping US treasuries, while Trump has been gunning for Jerome Powell at the Fed, and central bank digital currency (CBDC) was banned by Congress. Trump signed the the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act into law. Stablecoins are a type of cryptocurrency that are backed by assets considered to be reliable such as a national currency.US-dollar backed stable coins make US dollars easier to use globally, settle transactions faster, and record transactions on a blockchain ledger. Clayton Moore said that this is how Trump plans to keep the US as the world’s reserve currency, not by printing more money, but by making the dollar more useful than anything else. There is much skepticism and Catherine Austin Fitts criticized stable coins early on, saying that they are a backdoor to central bank digital currency (CBDC).
Fitts said that stablecoin is a way to turn on helicopter money like you have never seen it turned on before. She added, “the guys who control how that money flows can literally buy up the world.” Mark Goodwin warned against the tokenization of real world assets, including land and nature.
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China has been dumping US treasuries, while Trump has been gunning for Jerome Powell at the Fed, and central bank digital currency (CBDC) was banned by Congress. Trump signed the the Guiding and Establishing National Innovation for US Stablecoins (GENIUS) Act into law.
Catherine Austin Fitts criticized stable coins as a backdoor to CBDC. Here are a few short videos from Catherine Austin Fitts and Mark Goodwin:
Blockchain is simply a ledger/ accounting system. Mark Goodwin said that digital money can be traced in that public ledger and can be used as a tool for warrantless surveillance.
He explained that a cash dollar bill can only be spent by an individual once because it is given away, whereas a digital dollar could be represented on two separate ledgers that will create more money [and fraud].
Catherine Austin Fitts said that stable coins are the new tool for financial warfare and and a great land grab. She said that stable coin is a way to turn on helicopter money like you have never seen it turned on before. She added, “the guys who control how that money flows can literally buy up the world.”
Digital currencies are not tangible and can be destroyed.
Goodwin warned against the tokenization of real world assets, including land and nature.
A critic wrote, “What is the difference between between stable coin and CBDC? They’re both digital currencies, which is bad in the long term. According to the GENIUS Act, it will eliminate paper bill at the federal level. So what do you think it is going to happen later down road in state level? Cashless.”
With the appointment of Rishi Sunak as Prime Minister, the United Kingdom has jumped from the frying pan into the fire. Sunak is an outspoken advocate for Central Bank Digital Currency (CBDC) that would replace the existing system of fiat currencies in the world. This would be the capstone for Technocracy. ⁃ TN Editor
The financial infrastructure of the Great Reset has arrived as Rishi Sunak was named the next UK Prime Minister without a vote – welcome, global currency.
If you are still unsure why CBDCs will bring about the end to our freedoms there are numerous resources available but you can start by exploring articles we’ve previously written about this subject HERE.
The G7 report was compiled by the CBDC drafting group consisting of representatives from finance ministries, and central banks of the G7 alongside invited contributors from other central banks and international organisations. The list of contributors to the public policy principles can be seen on pages 26 and 27 of the report and includes representatives from the G7 countries as well as the European Union, Switzerland, Bank for International Settlements (“BIS”), Organisation for Economic Co-operation and Development (“OCED”), International Monetary Fund (“IMF”) and the World Bank.
Recently installed Prime Minister Rishi Sunak proudly announced the launch of the G7’s new report on Central Bank Digital Currencies.
With Japan feeling the pressure as China moved forward with a digital yuan in February 2020, the G7’s formal discussions about digital currencies started later that year when The Bank of Japan set up a digital currency working group. CBDCs were raised again in 2021.
The 2021 G7 Leaders’ Summit held in Cornwall, England, on 11-13 June was presided over by the UK with the aim to “help the world build back better from the Covid-19 pandemic and create a greener, more prosperous future.” The UK invited Australia, India, South Korea and South Africa as guest countries to the meeting.
However, what the stated aims didn’t mention was “digitalisation.” After the Summit, International Institute for Sustainable Development (IISD) wrote that G7 leaders endorsed a shared agenda on a series of trade topics. They called for new rules that would reflect “transformations underway in the global economy, such as digitalisation and the green transition.” It’s worthwhile noting that IISD is chaired by BlackRock Managing Director Michelle Edkins.
A week before the G7 Summit, on 4-5 June 2021, G7 finance ministers met in London joined by the Heads of IMF, World Bank Group, OECD and Eurogroup to discuss CBDCs. As UK Chancellor of the Exchequer, Rishi Sunak hosted the meeting of the G7 finance ministers. And now he is Prime Minister.
Whatever the reason for Truss’ resignation, it is no coincidence that the markets like Sunak. Sunak is WEF’s puppet. Simply Wall St wrote in its latest Market Insights report:
Things continue to move quickly in the UK, with Rishi Sunak taking over as Prime Minister less than a week after Liz Truss resigned. The Conservative Party has come full circle, from electing a leader seemingly oblivious to market forces, to electing a former hedge fund manager who we presume knows all about markets.
Simply Wall St may want to revisit what Sunak’s previous role as a “hedge fund manager” entailed while working for Patrick Degorce at The Children’s Investment Fund Management and Thélème Partners. It seems he knows less about markets than has been claimed.
Last week Jack Posobiec, host of Human Events Daily, commented on the significance of Sunak’s appointment. “The financial infrastructure of the Great Reset has arrived as Rishi Sunak was named the next UK Prime Minister without a vote – welcome, global currency,” he said.
Investment analyst Catherine Austin Fitts says we have been moving from the central-bank-warfare economy model, where banks print money and the military makes sure people use it, and now are transitioning into a new model where central banks control all money, credit and purchases in a surveillance state. The new model is dependent on vaccine passports. The passports will be used to implement a digital transaction system using central-bank digital currency (CBDC), similar to credit-card money, that will allow control over all spending and can deny access to dissident individuals. Vaccine passports have nothing to do with health. Covid is a cover to hide enormous monetary transfers and the financial destruction of small business to implement the Great Reset. The ultimate completion will occur when they introduce digital currency owned and operated by central banks that can be spent only in the company store. Solutions include using cash to keep it alive in commerce, supporting community banks and credit unions, getting large corporations out of your life, and building local food systems. -GEG
