This statement echoes his previous comments on the matter, where he has consistently expressed strong opposition to the idea of a CBDC. He believes that such a currency would give the government too much control over people’s money and could potentially lead to financial tyranny.

Trump’s views on CBDCs seem to be part of a broader narrative that he’s building around protecting individual freedoms and liberties. It’s a message that resonates with many in the cryptocurrency community, who see digital currencies as a way to decentralize power and reduce government control.

Trump has previously called CBDCs a “dangerous threat to freedom.”

Trump’s firm stance underscores the escalating discussions surrounding CBDCs, a significant matter among global governmental bodies. To date, only a few countries have officially adopted such currencies. However, the digital currency landscape continues to evolve, with China advancing the implementation of its digital yuan, India progressing towards a digital rupee, and the European Central Bank initiating a preparatory phase for a potential digital euro.

CBDCs represent a significant evolution in the architecture of money. These digital forms of fiat currency, issued and regulated by a country’s central bank, promise enhanced efficiency in transactions and greater financial inclusion. However, they also pose potential risks to civil liberties that merit careful consideration. Here are some of the primary concerns:

1. Privacy

CBDCs could fundamentally alter the landscape of financial privacy. Traditional cash transactions allow for anonymity. With CBDCs, even small transactions might be traceable and recordable by the central bank. This could lead to a scenario where governments have access to detailed records of every individual’s financial life, raising significant privacy concerns unless robust safeguards are implemented.

2. Surveillance

The transition to a fully digital currency could potentially give governments unprecedented capabilities to monitor and surveil citizen behaviors. In regimes with weaker protections for civil liberties, this could be exploited to track political dissent or suppress opposition. The potential for surveillance not only impacts privacy but also freedom of expression and association.

3. Financial Censorship

With the centralization of currency issuance and transaction management, a CBDC could make it easier for governments to implement financial sanctions against individuals or groups without due process. Accounts could be frozen or transactions blocked more efficiently, which could be used as a tool for political repression or social control.

4. Exclusion

Despite the potential for greater financial inclusion, the reliance on digital infrastructure might marginalize those without access to technology or reliable internet, such as rural populations or the economically disadvantaged. This could exacerbate existing inequalities and restrict access to essential services for those on the fringes of the digital economy.

5. Cybersecurity Risks

The concentration of financial data in a central digital system increases the risk of systemic failures due to cyberattacks. A successful attack could compromise the integrity of a nation’s entire financial system. Moreover, the implications of such attacks extend beyond economic damage to potentially crippling impacts on individual financial security and privacy.

6. Centralization of Power

CBDCs concentrate monetary control significantly. This centralization of financial power could reduce the checks and balances provided by a more distributed banking system, increasing the potential for abuse by those in power, particularly in undemocratic regimes.

7. Legal and Ethical Implications

The implementation of CBDCs raises several legal and ethical questions, including the scope of government intervention in personal finances, the rights of individuals under a digital currency system, and the balance between national security and personal freedoms.

Much of that cash as well as dollar denominated debt (physical and digital) ends up in the coffers of foreign central banks, international banks and investment firms where it is held as a hedge or used to adjust the exchange rates of other currencies for trade advantage. As much as one-half of the value of all U.S. currency is estimated to be circulating abroad.

World reserve status along with various debt instruments allowed the US government and the Fed to create tens of trillions of dollars in new currency after the 2008 credit crash, all while keeping inflation under control (sort of). The problem is that this system of stowing dollars overseas only lasts so long and eventually the consequences of overprinting come home to roost.

The Bretton Woods Agreement of 1944 established the framework for the rise of the US dollar and while the benefits are obvious, especially for the banks, there are numerous costs involved. Think of world reserve status as a “deal with the devil” – You get the fame, you get the fortune, you get the hot girlfriend and the sweet car, but one day the devil is coming to collect and when he does he’s going to take EVERYTHING, including your soul.

Unfortunately, I suspect the time is coming soon for the US and it may be in the form of a brand new Bretton Woods-like system that removes the dollar as world reserve and replaces it with a new digital basket structure. Global banks are essentially admitting to the plan for a complete overhaul of the dollar-based financial world and the creation of a CBDC-centric system built on “unified ledgers.”

There have been three recent developments all announced in succession that suggest the dollar’s replacement is imminent (before this decade is over).

The IMF’s XC Model – A Centralized Policy For CBDCs

The IMF’s XC platform was released as a theoretical model in November of 2022 and matches closely with their long discussed concept of a global Special Drawing Rights basket, only in this case it would tie together all CBDCs under one umbrella along with “legacy currencies.”

It’s promoted as a policy structure to make cross-border payments in CBDCs “easier” and this model is focused primarily on currency exchanges between governments and central banks. Of course, it places the IMF as the middle-man in terms of controlling the flow of digital transactions. The IMF suggests that the XC platform would make the transition from legacy currencies to CBDCs less complicated for the various nations involved.

As the IMF noted in a discussion on centralized ledgers in 2023:

“We could end up in a world where we have connected entities to some degree, but some entities and some countries that are excluded. And as a global and multilateral institution, we’re sort of aiming to, you know, provide a basic connectivity, a basic set of rules and governance that is truly multilateral and inclusive. So, I think that is—the ambition is to aim for innovation that is compatible with policy goals and that is inclusive relative to the broad membership of, say, the IMF.”

To translate, decentralized systems are bad. “Inclusivity” (collectivism) is good. And the IMF wants to work in tandem with other globalist institutions to be the facilitators (controllers) of that economic collectivism.

Bank For International Settlements Unified Ledger

Not more than a day after the IMF announced their XC platform goals, the BIS announced their plans for a unified ledger for all CBDCs called the ‘BIS Universal Ledger.’ The BIS specifically notes that the project is meant to “inspire trust in central bank digital currencies” while “overcoming the fragmentation of current tokenization efforts.”

While the IMF is focused on international policy control, the BIS is pursuing the technical aspects for the globalization of CBDCs. They make it clear in their white papers that a cashless society is in fact the end game and that digital transactions need to be monitored by a centralized entity in order to keep money “secure.” As the BIS argues in their extensive overview of Unified Ledgers:

• “Today, the monetary system stands at the cusp of another major leap. Following dematerialisation and digitalisation, the key development is tokenisation – the process of representing claims digitally on a programmable platform. This can be seen as the next logical step in digital recordkeeping and asset transfer.”
• “…The blueprint envisages these elements being brought together in a new type of financial market infrastructure (FMI) – a “unified ledger”. The full benefits of tokenisation could be harnessed in a unified ledger due to the settlement finality that comes from central bank money residing in the same venue as other claims. Leveraging trust in the central bank, a shared venue of this kind has great potential to enhance the monetary and financial system.

There are three major assertions made by the BIS in their program – First, the digitization of money is unavoidable and cash is going to disappear primarily because it makes moving money easier. Second, decentralized payment methods are unacceptable because they are “risky” and only central banks are qualified and “trustworthy” enough to mediate the exchange of money. Third, the use of Unified Ledgers is largely designed to track and trace and even investigate all CBDC transactions, for the public good, of course.

The BIS system deals far more in the realm of private transactions than the IMF example. It is the technical foundation for the centralization of all CBDCs, governed in part by the BIS and the IMF, and it is scheduled to go into wider use in the next two years. There are already multiple nations testing the BIS ledger today. It’s important to understand that whoever acts as the middle-man in the process of the global exchange of money is going to have all the power, over governments and over the populace.

If every movement of wealth is monitored, from the shift of billions between governments to the payment of a few dollars from an individual to a retailer, then every aspect of trade can be throttled on the whims of the observer.

SWIFT Cross Border Project – Another Way To Control The Behavior Of Countries

As we’ve seen with the attempt to use the SWIFT payment network as a bludgeon against Russia, there is an ulterior motive for globalists to have a high speed large scale monetary transaction hub. Again, this is all about centralization, and whoever controls the hub has the means to control trade…to a point.

Locking Russia out of SWIFT has done minimal damage to their economy exactly because there are alternative methods for transferring money to keep the flow of trade running. However, under a CBDC based global monetary umbrella, it would be impossible for any country to work outside the boundaries. It’s not only about the ease of shutting a nation out of the network, it’s also about having the power to immediately block the transfer of funds on the receiving end of the exchange.

Meaning, any funds from any Russian source could be tracked and cut off before they are allowed to get into the hands of, say, a recipient in China or India. Once all governments are completely under the thumb of a centralized monetary system, a centralized ledger and a centralized exchange hub, they will never be able to rebel and this control will trickle down to the general population.

I would also remind readers that the majority of nations are going right along with this program. China is most eager to join the global currency scheme. Russia is still part of the BIS, but their involvement in CBDCs is still unclear. The point is, don’t expect the BRICS to counteract the new monetary order, it’s not going to happen.

CBDCs Automatically Require The End Of The Dollar As World Reserve

So what do all these globalist projects with CBDCs have to do with the dollar and its venerated position as the world reserve currency? The bottom line is this: A unified CBDC system completely excludes the need or use-case for a world reserve currency. The Unified Ledger model takes all CBDCs and homogenizes them into a puddle of liquidity, each CBDC growing similar in characteristics over a short period of time.

The advantages of using the dollar disappear in this scenario and the value of currencies becomes relative to the middle-man. In other words, the IMF, BIS and other related institutions dictate the properties of CBDCs and thus there is no distinguishing aspect of any CBDC that makes one more valuable than the others.

Sure, some countries might be able to separate their currency to a point with superior production or superior technology, but the old model of having a big military as a way to ensure Forex and trade favors is dead. Eventually the globalists will make two predictable arguments:

1. “A world reserve currency under the control of one nation is unfair and we as global bankers need to make the system “more equal.””
2. “Why have a reserve currency at all when all transactions are moderated under our ledger anyway? The dollar is no longer any more easy to use for international trade than any other CBDC, right?”

Finally, the dollar has to die because it’s an integral part of the “old world” of material exchange. The globalists desire a cashless society because it is an easily controlled society. Think of the covid lockdowns and the attempts at vaccine passports – If they had a cashless system in place at that time, they would have gotten everything they wanted. Refuse to take the experimental vaccine? We’ll just shut off your digital accounts and you will starve.

This was even partially attempted (think Canadian trucker protests), but with physical cash there’s always a way around a digital embargo.  Without physical cash you have no other options unless you plan to live completely off the land and barter goods and services (a way of life most people in the first world need a lot of time to get used to).

I believe that a sizable percentage of the American populace will go to war before they accept a cashless society, but in the meantime, there is still the inevitability of a dollar crash to deal with. Globalist organizations are pushing CBDCs to go active VERY quickly, and as this happens along with the centralized ledgers the traditional dollar will swiftly lose favor. This means that those trillions in greenbacks held overseas will start flooding back into America all at once causing an inflationary disaster well beyond what we are witnessing today.

As much as the economy has benefited from world reserve status in the past it will suffer equally as the dollar fades, only to be replaced by a framework even worse than fiat. That is, unless there’s a dramatic upheaval that removes the globalist order from the equation entirely…

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However, capital immobility hindered trade among countries. Since encouraging free trade was one of the initial goals of the system, it was undermined by capital immobility, leading to the collapse of the Bretton Woods system.

The Burning Platform‘s economic and political writer Brandon Smith recently warned: “Think of world reserve status as a ‘deal with the devil.’ You get the fame, fortune, trophy dates and a sweet car for a while. Then one day the devil comes to collect and when he does, he’s going to take everything, including your soul. Unfortunately, I suspect collection time is coming soon for the United States.”

According to him, the Department of the Treasury understands that there is constant demand for dollars overseas as a means to more easily import and export goods. The petrodollar monopoly made the U.S. dollar essential for trading oil globally for decades. Of course, the central bank of the U.S. has been able to create fiat currency from thin air to a far higher degree than any other central bank on the planet while avoiding the immediate effects of hyperinflation, he added.

As a result, the cash ended up in the coffers of foreign central banks, international banks and investment firms. Sometimes it is held as a hedge or bought and sold to adjust the exchange rates of local currencies. As much as 60 percent of all U.S. currency and 25 percent of the national debt is owned outside America.

The current problem is that the Fed is overprinting dollars that it stows currency, but it has time constraints. Eventually the effects of overprinting “come home to roost.” And it may take a brand-new Bretton Woods-like system that removes the dollar as the global reserve currency and replaces it with a new digital basket system like the IMF’s Special Drawing Rights (SDR) currency.

Lately, international banks are already expressing a shift from a dollar-based financial world to using a central bank digital currency (CBDC)-focused system built on unified ledgers. This will place the IMF as the middleman controlling the flow of digital transactions. (Related: IMF “working hard” on new global CBDC platform to replace dollar and other national currencies.)

“We could end up in a world where we have connected entities to some degree, but some entities and some countries that are excluded. And as a global and multilateral institution, we’re sort of aiming to provide a basic connectivity, a basic set of rules and governance that is truly multilateral and inclusive,” the IMF noted in a discussion on centralized ledgers in 2023.

Former White House economist says BRICS could swing an “economic wrecking ball” at dollar dominance

Thanks to BRICS, a bloc comprising Brazil, Russia, India, China, South Africa and, as of 2024, new members Egypt, Ethiopia, Iran and the United Arab Emirates, an economic wrecking ball could be swung to break dollar hegemony, especially since the bloc has been gaining more influence and growing its size.

This was according to former White House economist Joe Sullivan. In a recent op-ed for Foreign Policy, he pointed to mounting fears that BRICS nations could create a currency to rival the U.S. dollar in international trade. Though BRICS officials have said there is no such rival currency in the works, the group could pose a threat to the greenback based on its growing influence, Sullivan warned.

Now that Egypt, Ethiopia and Saudi Arabia already joined BRICS, they could influence over 12 percent of all global trade. That’s because those three countries surround the Suez Canal, a key passage for goods to flow into international markets.

The economist further said that BRICS has major sway in commodities markets. Saudi Arabia, Iran, and the United Arab Emirates are among the world’s top exporters of fossil fuels. Brazil, China, and Russia, meanwhile, are major exporters of precious metals.

Saudi Arabia’s joining could give BRICS a major advantage. The Middle Eastern nation owns over $100 billion in U.S. Treasury bonds, which has helped bring BRICS’ total holdings in the Treasury over $1 trillion, Sullivan further stated.

“The BRICS+ nations do not need to wait until a shared trade currency meets the technical conditions typical of global reserve currency before they swing their newly enlarged economic wrecking ball at the dollar,” he added.

Sound off about this article on the Economic Collapse Substack.

DollarDemise.com has more stories on the death of the dollar. Watch the video where Andy Schectman talks about economic Armageddon, forced CBDC and BRICS. This video is from Sarah Westall’s channel on Brighteon.com.

More related stories:

• IMF says SEIZURE of frozen Russian assets must have sufficient legal support.
• IMF hints that countries will soon be able to repay debt using Chinese YUAN currency.
• Move over USD: Argentina uses Chinese yuan to settle IMF debt.
• IMF unleashes Unicoin, a new global CBDC intended to enslave the entire planet under a one world digital currency.

Sources include:

• CorporateFinanceInstitute.com
• TheBurningPlatform.com
• Expose-News.com
• Markets.BusinessInsider.com
• Brighteon.com

Editor’s Note: Seriously, buy gold now if you have the means.

The World Gold Council (WGC) disclosed this finding in its latest report, noting that demand for the metal from central banks worldwide reached 228 metric tons (MT). This was a 176 percent increase compared to the 82.7 MT from a year prior. “This is all the more impressive, considering it follows the record-breaking pace of demand last year,” the WGC said.

ZeroHedge reported that the gold purchases amounted to “the strongest first quarter on record.” It also noted that the central banks of several countries were among the buyers for that quarter.

The Monetary Authority of Singapore (MAS), which serves as the central bank for the Little Red Dot, took the No. 1 spot for its 69 MT of gold purchased this quarter. The purchase marked the first increase of its gold reserves since June 2021. The MAS now has a total of 222 MT in its gold reserves, 45 percent higher than at the end of 2022.

The People’s Bank of China (PBoC), Mainland China’s central bank, disclosed a 58 MT addition to its existing gold reserves. It has added 120 MT to its gold reserves since resuming reports of gold purchases in November 2022, for a grand total of 2,068 MT. (Related: MORE METAL: China’s public gold holdings now over 2000 tons after another huge purchase in December.)

China’s State Administration of Foreign Exchange also revealed in its April 2023 reserves data report that the country’s gold reserves rose to a record 66.76 million ounces (oz) at the end of April. China’s reserves amounted to 66.5 million oz at the end of March.

The Central Bank of the Republic of Turkey (TCMB) also saw its official reserves rise by 30 MT to a total of 572 MT, despite several sales. A sale in March, the first since November 2021, offset a combined purchase of 45 MT in January and February. The TCMB also sold 15 MT of gold into the local market following a temporary partial ban on gold bullion imports.

The Reserve Bank of India also purchased a modest seven MT in the first quarter to increase its gold reserves to 795 MT. The Czech National Bank purchased two MT, while the Central Bank of the Philippines bought one MT.

Several countries also sold the yellow metal to other nations

ZeroHedge also noted that gold sales for the first quarter of 2023 were “much more modest” by comparison.

The National Bank of Kazakhstan (NBK) took the No. 1 spot for gold sales during the quarter, selling off 20 MT from its reserve. The Central Bank of Uzbekistan (ORMB) followed at No. 2 after it sold 15 MT of gold. According to the WGC, it is not uncommon for central banks that purchase gold from domestic sources – such as the NBK and the ORMB – to be frequent sellers of gold.

The National Bank of Cambodia sold 10 MT of gold from its reserves during this quarter. Meanwhile, the Central Bank of the United Arab Emirates and the National Bank of Tajikistan each sold one MT from their gold reserves.

Aside from these, ZeroHedge also reported about the Central Bank of Russia (CBR) resuming its reporting of gold reserves. Its filing encompassed the period from the end of January 2022 to date.

According to the CBR report, Russia’s official gold reserves fell by six MT to 2,327 MT. However, this decline was but a drop in the bucket as the country’s current gold reserves are 28 MT higher than when it stopped reporting last year.

Meanwhile, the National Bank of Croatia reported a loss of two MT in its gold holdings in January. Croatia dropped the kuna, its national currency, and adopted the euro as a currency that month.

However, this gold was simply transferred to the European Central Bank – which is mandatory for all countries adopting the euro as currency. Thus, Zagreb’s transfer of gold to Brussels does not represent a decline in the global gold reserves.

Watch this clip from the “Flyover Conservatives” podcast about gold purchases by central banks being at their highest level since the 1950s.

This video is from the Flyover Conservatives channel on Brighteon.com.

More related stories:

• Central banks continue to stockpile gold as recession looms.
• Central banks all over the world are buying gold at a furious pace.
• Central banks continue their streak of accumulating more gold in 2023.
• WGC report: Central banks extend gold buying streak in preparation for currency uncertainty.
• Central banks continue adding gold to their net holdings as fears rise of a global currency collapse.

Sources include:

• ZeroHedge.com
• Brighteon.com
• NATURAL NEWS

• Three large banks failed in a single week in March 2023, and the ripple effect could easily take down the entire banking system. The cascading bank failures began March 8 with the shut down and liquidation of the crypto bank Silvergate Capital. It had invested deposits in Treasury bonds, which lost value as interest rates were hiked to stem inflation
• March 10, Silicon Valley Bank (SVB) failed. It too was invested in government bonds, which again became a problem when customers began making large fear-based withdrawals. This was the second largest bank failure in U.S. history, and the largest since the financial crisis in 2008
• Spooked by the failure of Silicon Valley Bank, Signature Bank customers withdrew more than $10 billion in the days that followed, resulting in the shutdown of Signature Bank on March 12
• Government regulators have promised to make customers of the two banks “whole” by insuring all funds, not just the first $250,000. Only select “too big to fail” banks will be eligible for this kind of special treatment. Small local banks will not be eligible
• The most likely outcome of this bailout system is a consolidation of banks until we’re left with just a small number of mega-banks. This consolidation, in turn, will facilitate the rollout of a central bank digital currency (CBDC), as the banking industry will be a tight-knit monopoly

Three large banks failed in a single week in March 2023, and the ripple effect could easily take down the entire banking system, although government officials insist the banking sector “remains strong” and that the problems faced by these banks “do not appear to be widespread.”¹

Cascading Domino of Bank Failures

The cascading bank failures began March 8 with the shut down and liquidation of the crypto bank Silvergate Capital.² As reported by Government Executive:³

“During 2022, Silvergate’s deposit base grew dramatically, almost doubling its assets to $210 billion. But the bank did not have either the administrative capacity or market demand to lend out all of the money, as banks normally do.

So, it invested the excess deposits in Treasury bonds and mortgage investment products. But the bond purchases became a problem as the Federal Reserve began to raise interest rates to address inflation.”

Two days later, March 10, Silicon Valley Bank (SVB) — the 16th largest bank in the U.S.⁴ — failed. It too was invested in government bonds, which again became a problem when customers began making large fear-based withdrawals. This was the second largest bank failure in U.S. history, and the largest since the financial crisis in 2008.

Allegedly “spooked” by the failure of Silicon Valley Bank, Signature Bank customers then withdrew more than $10 billion, resulting in the shutdown of Signature Bank on March 12, making it the third-largest bank failure in history.^5,6

The Federal Deposit Insurance Corp. (FDIC) took control of Silicon Valley Bank and Signature, and government regulators have promised to make all customers “whole” by insuring all funds, not just the first $250,000. In other words, government is bailing out the banking system yet again, on the taxpayers’ dime.

Within a week, Signature was bought up by Flagstar Bank, a subsidiary of New York Community Bancorp (one of the largest banks in the U.S.).⁷ According to the FDIC, anyone who had deposits at Signature Bank will automatically become a client of Flagstar Bank, except for crypto banking clients, as Signature’s digital banking business was not included in Flagstar’s bid.⁸

The FDIC is also left holding $11 billion-worth of “toxic waste debt” in the form of commercial real estate loans for rent-regulated buildings, as this debt portfolio was also rejected by Flagstar.⁹ The FDIC is still looking for a buyer for Silicon Valley Bank.

Is the US Banking System Really Sound?

President Joe Biden’s comments shortly after the three bank failures was that “Americans can have confidence that the banking system is safe” and that “Your deposits will be there when you need them.” Treasury Secretary Janet Yellen also insists the U.S. banking system “remains sound.”¹⁰

Should we believe them? Probably not. Within days of those statements, the contagion had already spread to Credit Suisse, the largest bank in Switzerland. After government initially stepped in to cover some of the losses, the Swiss banking giant was sold to the UBS Group.¹¹ The acquisition was announced March 19.

It’s hard to believe the ripple effects of bank failures of this magnitude can really be stopped. The question is, should we even try? As reported by Government Executive,¹² government has no obligation to step in and bail these banks out under current banking regulations.

What’s more, the biased bailout system now being put into place will virtually guarantee further bank consolidations and the widespread rollout of a central bank digital currency (CBDC). As reported by Newsweek March 16, 2023:¹³

“During a Senate Finance Committee hearing, Yellen was grilled by Oklahoma GOP Senator James Lankford over the Biden administration’s handling of the banking crisis, which saw the federal government offer a multibillion-dollar bailout to Silicon Valley Bank (SVB) after a bank run left it without enough cash to back up hundreds of millions of dollars of its clients’ deposits. Most of those deposits were not insured.

To address the crisis, U.S. bank regulators announced a plan last weekend to fully insure all deposits at SVB as well as the crypto-friendly Signature Bank.

This would cover all deposits above the Federal Deposit Insurance Corp.’s insured limit of $250,000. Federal officials said the plan would be paid for by a special fee levied on all FDIC institutions.

While all banks would be required to pay for the plan, Yellen said under questioning Thursday that it would not apply to every bank. She said the federal government would extend the privilege only to troubled banks whose failure would have a profound impact on the U.S. financial system.

Uninsured deposits, Yellen said, would be covered only if a ‘failure to protect uninsured depositors would create systemic risk and significant economic and financial consequences,’ which would be decided by a supermajority of the FDIC’s board members, Yellen, and the President …

In further questioning, Lankford asked Yellen whether that policy’s implication would be that small banks would become less appealing to depositors with accounts exceeding the FDIC’s $250,000 insurance threshold …

Amid the sharp increase in bank mergers over the past decade, Lankford expressed concern that the trend could only accelerate under current policy, causing the U.S. banking system to become less resilient.

“I’m concerned you’re … encouraging anyone who has a large deposit at a community bank to [hear], ‘We’re not going to make you whole, but if you go to one of our preferred banks, we will make you whole,'” Lankford told Yellen. Yellen replied, ‘That’s certainly not something that we’re encouraging.'”

And yet that’s exactly what this policy will be encouraging. Actions speak louder than words, and in this case, the outcome of this policy is quite clear, regardless of what Yellen is saying.

To recap, the FDIC will only insure deposits up to $250,000 if your money is in a small bank, but if your money is in a big bank, uninsured deposits over that amount will be covered as well, should the bank fail.

Why Bank Crashes Will Facilitate CBDC Rollout

Adding insult to injury, while the system is clearly biased and won’t protect everyone, all banks (and hence account holders) will be forced to pay this “special fee” to the FDIC that will, supposedly, insure all these uninsured deposits at preferred banks.

The most likely outcome of this bailout system is a consolidation of banks until we’re left with just a small number of mega-banks. We’re already starting to see the early phases of this, with “the big three” — Bank of America, Citigroup and Wells Fargo — reporting¹⁴ a deposit spike in the wake of the SVB collapse and Yellen’s announcement that only certain preferred banks will be covered above FDIC insurance limits.

This consolidation, in turn, will facilitate the rollout of a central bank digital currency (CBDC), as the banking industry will be a very tight-knit monopoly. Let’s say there are only half a dozen banks in all of America. All they have to do is make the switch to CBDC as a group, and anyone with a bank account in America will be automatically trapped in the new system. As reported by News Punch:¹⁵

“What we are seeing is a push towards Global Government that is being camouflaged and cloaked in humanitarianism, multiculturalism, as well as manufactured threats such as global warming and pandemics in order to condition the population into accepting globalization and a One World Government.

In order for this to occur the elite are planning to create a global financial crisis the likes of which the world has never seen. Out of the ashes of this financial crisis will rise the phoenix of is a New International Economic Order. The public will be told that the new order is the only way to stabilize the world economy and save what little remains of their wealth …

People often ask why the globalist elite would collapse the world economy. Wouldn’t that mean they destroy their own wealth in the process? The answer is no. The elite have been consolidating their wealth in order to protect it for centuries … When the world financial system finally crashes the elite will be positioned to buy what’s left for pennies on the dollar.

Where does this leave the rest of the world financially? The answer is in bondage to a Techno-Communist World Governmental System led by the World Economic Forum in Davos and the hidden hands that control the public face of that cabal. If you pay attention now you can see that everything around you is being engineered towards this one goal …

The globalist elite are also forcing their vassal states to move towards centralizing currency in the form of a … CBDC, which by the way, is not currency at all – it is software designed as a tool of total social control … If they can cancel out your bank balance with a single keystroke, then you have no freedom, no autonomy. You are a slave …”

UCC Code Update Is Stealth Attempt to Steal Our Freedom

The fact that CBDCs are intended as financial shackles to control you within what amounts to an open-air prison is also noted by South Dakota Gov. Kristi Noem¹⁶ in the Fox News interview above.

She highlights a proposed Uniform Commercial Code (UCC) update that seeks to redefine “currency” to exclude decentralized crypto currencies, effectively putting the government on the path to a CBDC monopoly. Noem vetoed the bill and is urging other states to reject it as well.

The UCC Code is a set of laws that govern commercial transactions in the U.S. While not a federal law, it’s a set of laws that states agree to adopt in a uniform fashion to facilitate interstate business. So, it appears they intend to begin the financial takeover by rolling out the CBDC on the state level first, and legislators who believe in freedom must denounce all such plans.

Government Bonds Are Now the ‘Toxic Asset’

According to News Punch,¹⁷ the destruction of Silicon Valley Bank was intentional. While I cannot vouch for that, it’s interesting to note that SVB was in relatively good shape before it went kaput overnight.

As explained by the Sovereign Research and Advisory Group in an article titled “If SVB Is Insolvent, So Is Everyone Else,”¹⁸ the 2008 banking crash occurred because Lehman Brothers and other banks had used depositors’ money to buy extremely risky no-money-down mortgage bonds.

While the economy was good, banks earned hefty profits from these toxic assets, but as soon as the economy downshifted, these toxic securities plunged in value and wiped them out.

This time, however, the toxic asset is not mortgages obtained by people with no job, income or history of paying their bills. No, this time, it’s U.S. government bonds that are sinking banks, and these bonds are supposed to be the safest investment there is. Sovereign Research and Advisory Group writes:¹⁹

“Silicon Valley Bank was no Lehman Brothers. Whereas Lehman bet almost ALL of its balance sheet on those risky mortgage bonds, SVB actually had a surprisingly conservative balance sheet.

According to the bank’s annual financial statements from December 31 of last year, SVB had $173 billion in customer deposits, yet “only” $74 billion in loans. I know this sounds ridiculous, but banks typically loan out MOST of their depositors’ money.

Wells Fargo, for example, recently reported $1.38 trillion in deposits. $955 billion of that is loaned out. That means Wells Fargo has made loans with nearly 70% of its customer’s money, while SVB had a more conservative ‘loan-to-deposit ratio’ of roughly 42%.

Point is, SVB did not fail because they were making a bunch of high-risk NINJA loans. Far from it. SVB failed because they parked the majority of their depositors’ money ($119.9 billion) in US GOVERNMENT BONDS. This is the really extraordinary part of this drama.

US government bonds are supposed to be the safest, most ‘risk free’ asset in the world. But that’s totally untrue, because even government bonds can lose value. And that’s exactly what happened.

Most of SVB’s portfolio was in long-term government bonds, like 10-year Treasury notes. And these have been extremely volatile. In March 2020, for example, interest rates were so low that the Treasury Department sold some 10-year Treasury notes at yields as low as 0.08%.

But interest rates have increased so much since then; last week the 10-year Treasury yield was more than 4%. And this is an enormous difference.

If you’re not terribly familiar with the bond market, one of the most important things to understand is that bonds lose value as interest rates rise. And this is what happened to Silicon Valley Bank.

SVB loaded up on long-term government bonds when interest rates were much lower; the average weighted yield in their bond portfolio, in fact, was just 1.78%. But interest rates have been rising rapidly. The same bonds that SVB bought 2-3 years ago at 1.78% now yield between 3.5% and 5%, meaning that SVB was sitting on steep losses.”

All Banks, Including the Fed, Are Likely Insolvent

According to the SVB’s 2022 annual report published January 19, 2023, they had $16 billion in capital and $15 billion in unrealized losses on their government bonds. So, they were ripe for a wipeout.²⁰

The problem is, if SVB, with its conservative loan-to-deposit ratio ended up insolvent due to government bonds tanking, then that likely means that everyone else is insolvent as well, including state and local governments, large corporations of all kinds, and the Federal Reserve. Anyone holding government bonds is sitting on huge losses as interest rates rise.

According to FDIC estimates, the unrealized losses of U.S. banks is approximately $650 billion and rising. Meanwhile, the FDIC’s deposit insurance fund (DIF), the fund that’s supposed to cover insured deposits (accounts up to $250,000), has a balance of just $128 billion.²¹ See the problem? What’s worse, the DIF money doesn’t just sit there. It too is invested — in U.S. government bonds! As noted by the Sovereign Research and Advisory Group:²²

“So even the FDIC is suffering unrealized losses in its insurance fund, which is supposed to bail out banks that fail from their unrealized losses. You can’t make this stuff up, it’s ridiculous!”

And it’s only going to get worse if the Federal Reserve continues to increase interest rates. The problem is, interest rates need to be raised to curtail runaway inflation, but if they go up, more banks will sink due to their holdings in government bonds.^23,24 There’s just no way out.

Add to this insurmountable problem the fact that President Biden’s 2024 budget will raise the federal debt to $50.7 trillion by the end of 2033. It’s currently $31.459 trillion.²⁵ That’s a staggering amount of debt.

From a household perspective, you have no choice but to file for bankruptcy once your income cannot even cover the interest payment on your debt, and that’s basically where we are on a national level. As noted by The Balance:²⁶

“Most creditors don’t worry about a nation’s debt, also known as ‘sovereign debt,’ until it’s more than 77% of gross domestic product (GDP). That’s the point at which added debt cuts into annual economic growth, according to the World Bank. At the end of the second quarter of 2021, the U.S. debt-to-GDP ratio was 125%. That’s much higher than the tipping point …”

Are You Prepared?

All of this is why it’s so important to prepare and become as independent as possible. The things we’ve taken for granted our entire lives may soon vanish, and what’s coming to replace them are not in your best interest unless you’re part of the globalist cabal that will exempt themselves from the slave system.

Becoming more resilient in the face of these changes could include moving cash into things that have a greater chance of withstanding inflation, such as precious metals (the actual metals, not the paper) and land, for example, and/or tradeable items. Shelf-stable foods may also be a wise investment, as could securing a private well or building a rain catchment system.

Also remember that artificial intelligence is the “beast” that drives the coming slave system. A formula created by the World Economic Forum’s philosophical guru, Yuval Noah Harari, describes the technocrats’ ever-growing ability to hack humans: B x C x D = AHH.²⁷

B stands for biological knowledge, C is computing power, D is data and AHH is the level of ability to hack a human being. AI needs massive amounts of up-to-the-minute data for the control system to work, so “starving the beast” also needs to be on your list.

That means eliminating apps and devices that collect your personal data, Google and Facebook being two of the biggest data miners. It also means rejecting CBDCs, as it’s not really a currency but a tool for population control, and digital identity, which will track everything you do, both online and in the real world, and will strip you of basic rights and freedoms based on your social credit score.

• ^{1, 7, 8, 10} Newsweek March 19, 2023
• ² Forbes March 8, 2023
• ^3, 12 Government Executive March 20, 2023
• ⁴ Bankrate.com March 21, 2023
• ⁵ FDIC March 12, 2023
• ⁶ CNBC March 13, 2023
• ⁹ Yahoo Finance March 21, 2023
• ¹¹ Bloomberg March 19, 2023
• ¹³ Newsweek March 16, 2023
• ¹⁴ CNN Business March 15, 2023
• ^15, 17 News Punch March 13, 2023
• ¹⁶ The Conservative Treehouse March 11, 2023
• ^{18, 19, 20, 21, 22} Sovereign Research and Advisory Group March 13, 2023
• ²³ Wall Street Journal March 20, 2023
• ²⁴ Houston Public Media March 19, 2023
• ²⁵ CNS News March 9, 2023
• ²⁶ The Balance Money October 4, 2022
• ²⁷ WEforum January 24, 2020

Cost-push inflation is more units of currency going to relatively scarce real assets. The same can be said about all other, from commodities to demand and my favorite, “supply chain disruption.” More units of currency going to the same goods and services.

The monster inflation we have endured these years first arrived through asset inflation and then through consumer prices. Now, governments and statistical bodies are tweaking the calculation of CPI to disguise the loss of purchasing power of the currency and central banks had to hike rates after the disaster created in 2020, when the massive increase in money supply went to finance bloated government spending and created the mess we live today.

Central banks know that inflation is a monetary phenomenon and that is why they are hiking rates and tightening as fast as governments allow them. However, central banks have lost a significant amount of an already low credibility by first ignoring the inflation risk and later using the base effect and transitory excuse, only to react late and slowly.

This has happened in a world where the excess in money supply growth has a number of back-stops and limits that prevent a massive increase in consumer prices through the destruction of the artificially printed currency. With quantitative easing there are a number of limits that stop inflationary pressures: as the transmission mechanism of monetary policy is the banking channel, it is our demand for credit what puts a break on inflationary pressures.

The only thing that saves citizens from much higher prices is the fact that the transmission mechanism of monetary policy is independent and diversified. Now imagine for a second if that transmission mechanism was direct and had only one channel, the central bank itself.

A central bank digital currency would be issued directly to your account within the central bank. As such, it is surveillance disguised as money. The central bank would know exactly what you use the currency for, how much you save, borrow, and spend and where. It can make the currency fungible to avoid the ludicrous but often repeated “problem” of “excess savings”. Furthermore, with increasingly political central banks, they may even penalize those who spend in a way that they deem inappropriate of benefit those that do what they recommend. The entire privacy system and monetary limit mechanism would be eliminated. Even worse, when the central bank makes the mistake of printing way too much money as they did in 2020 the impact on consumer prices would be direct. With an increase in money supply that exceeded 20% in a year, we would be suffering close to 20% levels of inflation as the limits to the transmission mechanism are destroyed.

Now imagine if there was only one account, one central bank and the government. Guess what would happen? The complete monetary financing of all government spending driving the currency to hyperinflation in a few years and the obliteration of the private sector. A de facto nationalization. A digital version of the French Assignats. Hyperinflation and full government control and financial repression.

Central bank digital currencies are an unnecessary and terrible idea. You cannot start an experiment of such caliber when the independence of central banks has been questioned for many years and there is ample evidence of policy actions that fail to recognize the risk of elevated inflation in asset prices and consumer goods. Central banks have never prevented a bubble, elevated levels of risk-taking and excess debt nor recognized inflationary pressures. With such a track record, no one should defend a measure that would allow them to take full control of the entire financial and monetary system.

The most important thing to remember is that central bank digital currencies are unnecessary. The benefits of technology, digitalization and ease of transactions are already there. There is no need to create a currency issued directly to an account at the central bank. They are unnecessary as well because there is absolutely no need to compete with a digital yuan. China is moving closer to sound monetary policy and its central bank is purchasing more gold, not the opposite. If you want to compete with other currencies or cryptocurrencies there is only one way: Make it absolutely clear that you will defend the reserve of value status of your currency. There is no need for the euro or the US dollar to compete with bitcoin or a digital yuan if the Fed and the ECB truly defend their reserve of value and purchasing power.

The argument of the need to compete with currencies that are used in less than 1% of total transactions makes no sense, particularly when the transmission system and technology is already stronger for the world reserve currencies.

However, it looks like the only reason the Fed or the ECB want a digital currency is because they want to retain their market share without defending the purchasing power and reserve of value status of their currency. It looks like central banks want to behave like a monopoly that sells bad quality products but demands to remain the main supplier by eliminating the competition. The Fed and the ECB do not need to compete against cryptocurrencies if they show the world that they will defend the purchasing power of the US dollar and the euro.

The fact that the leaders in the monetary system fear currencies and assets that barely make a difference in terms of global use or market share shows that they know that their product -the currency- is not going to retain the confidence of citizens for a long period of time at this rate of monetary excess.

If the ECB and the Fed really want a digital currency is because they know they will lose the confidence of citizens earlier than we think and they need to impose their market share, not gain it.

If the Fed or the ECB implemented a sound money policy and truly followed their mandate of price stability they would destroy any competing currency, digital or not, in a second. If they do not win this race, it will be because the ultimate motive is to abandon the price stability and reserve of value mandate to continue bloating government size at the expense of real wages and deposits of the private sector.

Do the Fed and the ECB want a global and digital dollar or euro that is accepted and demanded by everyone? Simple: follow exactly the mandate and gain global share in currency utilization because people want it, not because they are forced to.

About the Author

Daniel Lacalle, PhD, economist and fund manager, is the author of the bestselling books Freedom or Equality (2020), Escape from the Central Bank Trap (2017), The Energy World Is Flat (2015), and Life in the Financial Markets (2014).

He is a professor of global economy at IE Business School in Madrid.

Article cross-posted from Mises.

The AI bot has built a reputation for being very left-leaning on most subjects. Now, we know it also has a globalist tilt to it. I asked it to write an article. My request: “Write an article about the potential for a Central Bank Digital Currency in the United States.”

Here’s the article written by ChatGPT based on that question. I’ve highlighted the suggestive points made…

The idea of a Central Bank Digital Currency (CBDC) has been gaining traction around the world in recent years, and the United States is no exception. The Federal Reserve, the country’s central bank, has been actively studying the potential for a digital currency, and several officials have expressed support for a digital dollar.

A CBDC is a digital form of a country’s currency that is issued and backed by the central bank. It can be used for transactions and payments, and is designed to work alongside physical currency. The benefits of a CBDC include faster and more efficient payments, increased financial inclusion, and improved monetary policy implementation.

The Federal Reserve has been studying the potential benefits and risks of a CBDC, and has solicited public feedback on the matter. Several pilot programs and experiments have also been conducted to test the feasibility of a digital dollar. According to recent reports, the Federal Reserve is planning to release a research paper on the subject in the coming months.

One potential benefit of a digital dollar is increased financial inclusion. A CBDC would enable people who do not have access to traditional banking services to participate in the financial system. It would also reduce the reliance on cash, which can be costly and inefficient.

Another potential benefit of a CBDC is faster and more efficient payments. A digital dollar could enable real-time payments, which would be a major improvement over the current system, which can take days to process. This would be especially beneficial for small businesses and individuals who rely on quick access to funds.

However, there are also potential risks and challenges associated with a CBDC. One concern is the impact on the banking system. If people start using a digital dollar instead of traditional bank accounts, it could have an adverse effect on banks’ balance sheets and profitability.

There are also concerns around privacy and security. A CBDC would require significant investment in cybersecurity to prevent hacking and other cyber attacks. Additionally, there are concerns around the potential for the government to monitor and control financial transactions.

Despite these concerns, the potential benefits of a digital dollar are significant, and many countries are already exploring the possibility of creating CBDCs. As the world becomes increasingly digital, it makes sense for the United States to consider the potential benefits of a CBDC. While the decision to create a digital dollar is not yet final, the Federal Reserve’s ongoing research and experimentation are important steps in evaluating the feasibility and potential implications of a digital currency.

Biometrics used for transaction verifications tied to government-collected personal data is a digital ID. They want it to be universal. They want it to cover not just financial transactions but every aspect of our lives. This is a control mechanism. As I discussed on a news clip for The JD Rucker Show, what we’re seeing happening in India is what we can expect to see in the United States very, very soon. Here’s the article from Reclaim The Net…

The Indian government is allowing banks to verify individual transactions for those that exceed 2 million rupees annually using iris scans and facial recognition in cases where fingerprint verification fails. The move is an effort to crack down on tax evasion and fraud, according to sources who talked to Reuters, but also highlights major privacy and civil liberties concerns.

A few banks have already started using the option, according to the sources, who asked not to be named because the advisory allowing such verification has not been made public. The verification is optional and is meant to be used in cases where someone has not shared their Permanent Account Number (PAN) card with banks.

The new measure will be used to verify the identity of individuals who have made transactions, both withdrawals and deposits, exceeding 2m rupees in a year if they have shared the Aadhaar biometric identity cards with the banks.

The Aadhaar card, provided by the Unique Identification Authority of India (UIDAI), carries a unique number linked to someone’s face, iris scan, and fingerprints.

Last month, India’s ministry for finance asked banks to take the “necessary action” on a letter by UIDAI that recommended verification should be done via iris and facial scanning, particularly where fingerprint verification has failed.

However, the letter did not talk about consent.

Alternate Media Source:

As people are red pilled, they come to realize these astonishing but true facts:

• Elections are being rigged to install communists into power while defeating legitimate leaders who represent the people.
• Covid was a plandemic and it was unleashed to force people into accepting “vaccines” that are actually infertility / depopulation jabs which have already killed millions.
• The climate change agenda was never rooted in science or reality but was a social control agenda designed to justify destruction of humanity’s energy infrastructure and plunge the world into mass starvation and economic collapse.
• Fiat currencies are rapidly collapsing in value, causing skyrocketing inflation across food, fuel, rent, consumer goods and more.
• Globalists are pursuing an anti-human agenda (actually, a transhuman agenda) that seeks total destruction of humanity as it currently exists. Even Breitbart.com is so red-pilled, they’re now covering the transhumanism / luciferian agenda of Yuval Harari.
• Climate lockdowns and another pandemic are on the way, all deliberately unleashed by WEF-run authoritarian governments to enslave — and then annihilate — the masses.

Must see: Steve Quayle’s new documentary Lies of Men and Gods at www.GenSix.com – this covers the transhumanism attack on humanity and the rise of the luciferian genocide pushers.

With the criminal felon president Lula in power in Brazil, that country will collapse into Venezuela territory. They’re already using a J6-like playbook to round up and persecute hundreds of pro-Brazil nationalists who protested the rigged election there. They are fighting for their lives because they know that if Lula is allowed to remain in power, Brazil will become a genocidal, dictatorial regime that wages war on its own people, much like the Biden regime in the USA (or the Trudeau regime in Canada).

Get ready for a controlled demolition of fiat currencies followed by a Central Bank Digital Currency (CBDC) rollout

Most likely in 2023 or 2024, we will see the final engineered collapse of western fiat currencies (dollar, euro, yen), orchestrated to drive the enslaved masses into CBDC systems that function as financial surveillance and control systems run by globalists. This event will, of course, be presented to the public as some sort of crisis — most likely a cyber attack on the banking system — that “requires” everyone to give up their fiat currency and private bank accounts in order to achieve “protection” and “security” offered by the Fed through CBDCs.

The CBDC rollout will not go well, we predict. It will be met with intense, sustained resistance for the simple reason that a growing number of people already know what these evil globalists are up to. Anyone participating in a CBDC loses control over their finances, since a government can simply shut off your digital wallet at any moment… which is exactly what Brazil has been doing to the bank accounts of protesters.

I cover all this and much more in today’s Situation Update podcast:

• Why do people activate Google in new cars, being tracked everywhere they go?
• Iranian national charged with terrorism in Germany
• “Mohammad” attacks solar power plant in Vegas, sets car on fire
• How Romans created self-healing concrete that modern science is just now understanding
• Newly discovered comet to pass near Earth in weeks, may be VISIBLE to the eye
• Feds tell banks to dump crypto in preparation for CBDCs
• Crypto contagion continues: Genesis may be the next to fall
• China buys another 30 tons of gold in preparation for new reserve currency launch
• Brazil on the verge of civil war / government collapse with mass protests
• Lula stole the election and rigged it all, just like USA
• More vaccine deaths strike sports players and newscasters
• Texas Gov. Abbott tells Joe Biden he’s too late to stop the invasion of illegals
• California storms will affect the food supply
• Thousands of NYC nurses to strike
• HEY COPPER TOP: 6G tech to use the human body as a power source
• Brighteon: Brighteon.com/41b6d536-be31-41cc-a3eb-ba77360712d0
• Rumble: Rumble.com/v24kvie-situation-update-jan-9-2022-brazils-uprising-the-first-of-many-to-come-in-2.html
• Bitchute: Bitchute.com/video/A7jdSovuxDhU/
• Banned.Video: Banned.video/watch?id=63bbf78e4c205b0d90abfa65
• iTunes podcast: Healthrangerreport.com/situation-update-jan-9-2022-brazils-uprising-the-first-of-many-to-come-in-2023

Discover more interviews and podcasts each day at: https://www.brighteon.com/channels/HRreport

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About the Author

Mike Adams (aka the “Health Ranger“) is a best selling author (#1 best selling science book on Amazon.com called “Food Forensics“), an environmental scientist, a patent holder for a cesium radioactive isotope elimination invention, a multiple award winner for outstanding journalism, a science news publisher and influential commentator on topics ranging from science and medicine to culture and politics. Follow his videos, podcasts, websites and science projects at the links below.

Mike Adams serves as the founding editor of NaturalNews.com and the lab science director of an internationally accredited (ISO 17025) analytical laboratory known as CWC Labs. There, he was awarded a Certificate of Excellence for achieving extremely high accuracy in the analysis of toxic elements in unknown water samples using ICP-MS instrumentation. Adams is also highly proficient in running liquid chromatography, ion chromatography and mass spectrometry time-of-flight analytical instrumentation. He has also achieved numerous laboratory breakthroughs in the programming of automated liquid handling robots for sample preparation and external standards prep.

The U.S. patent office has awarded Mike Adams patent NO. US 9526751 B2 for the invention of “Cesium Eliminator,” a lifesaving invention that removes up to 95% of radioactive cesium from the human digestive tract. Adams has pledged to donate full patent licensing rights to any state or national government that needs to manufacture the product to save human lives in the aftermath of a nuclear accident, disaster, act of war or act of terrorism. He has also stockpiled 10,000 kg of raw material to manufacture Cesium Eliminator in a Texas warehouse, and plans to donate the finished product to help save lives in Texas when the next nuclear event occurs. No independent scientist in the world has done more research on the removal of radioactive elements from the human digestive tract.

Adams is a person of color whose ancestors include Africans and American Indians. He is of Native American heritage, which he credits as inspiring his “Health Ranger” passion for protecting life and nature against the destruction caused by chemicals, heavy metals and other forms of pollution.

Adams is the author of the world’s first book that published ICP-MS heavy metals analysis results for foods, dietary supplements, pet food, spices and fast food. The book is entitled Food Forensics and is published by BenBella Books.

In his laboratory research, Adams has made numerous food safety breakthroughs such as revealing rice protein products imported from Asia to be contaminated with toxic heavy metals like lead, cadmium and tungsten. Adams was the first food science researcher to document high levels of tungsten in superfoods. He also discovered over 11 ppm lead in imported mangosteen powder, and led an industry-wide voluntary agreement to limit heavy metals in rice protein products.

In addition to his lab work, Adams is also the (non-paid) executive director of the non-profit Consumer Wellness Center (CWC), an organization that redirects 100% of its donations receipts to grant programs that teach children and women how to grow their own food or vastly improve their nutrition. Through the non-profit CWC, Adams also launched Nutrition Rescue, a program that donates essential vitamins to people in need. Click here to see some of the CWC success stories.

With a background in science and software technology, Adams is the original founder of the email newsletter technology company known as Arial Software. Using his technical experience combined with his love for natural health, Adams developed and deployed the content management system currently driving NaturalNews.com. He also engineered the high-level statistical algorithms that power SCIENCE.naturalnews.com, a massive research resource featuring over 10 million scientific studies.

Adams is well known for his incredibly popular consumer activism video blowing the lid on fake blueberries used throughout the food supply. He has also exposed “strange fibers” found in Chicken McNuggets, fake academic credentials of so-called health “gurus,” dangerous “detox” products imported as battery acid and sold for oral consumption, fake acai berry scams, the California raw milk raids, the vaccine research fraud revealed by industry whistleblowers and many other topics.

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In addition to his activism, Adams is an accomplished musician who has released over fifteen popular songs covering a variety of activism topics.

Click here to read a more detailed bio on Mike Adams, the Health Ranger, at HealthRanger.com.

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Back in 2015, by contrast, fewer than one-quarter of consumers went cashless, according to Pew surveys. In a separate poll, three-fifths of consumers told Gallup they used cash only on occasion last year, twice the share of five years ago.  The ruling class and mainstream media continue to tell the public that paper currency and coins are unsanitary, inconvenient, costly to handle, and easy to steal. Criminal enterprises thrive on the portable anonymity of the hundred-dollar bill. Cashless transactions solve those problems, advocates say. They also allow Big Brother to track the American consumer’s every move.

COVID-19 hastened the cashless trend. The pandemic inspired fears, largely misguided, that the virus might spread on currency. Many consumers stopped carrying cash, spurring a national coin shortage. -The Hill

Oddly enough, even The Hill can’t admit that COVID-19 didn’t do anything. It has no power to regulate, control, or use propaganda. The ruling class is responsible for trying to panic the masses into doing exactly what they want. Disobedient slaves will not be tolerated and those who are masters are escaping by blaming it on something that isn’t a conscientious being.

• Government, Not Coronavirus, Is Killing Small Businesses

We are all about to be barcoded and marked so the master knows exactly what his slaves are doing, when, and where.

“When you pay cash, I give you money, you give me a good, end of story,” said Jay Stanley, a senior policy analyst at the ACLU. “If you’re using your credit card for all of your transactions, then data is being collected about an enormous range of your activities, including medical conditions, political donations, sexual activities, how much liquor you buy, how many cigarettes you buy.”

“People have literally been changing the way they pay for goods and services,” said Lee Rainie, director of internet and technology research at Pew.  That means they are making themselves easily trackable and traceable and data collection on them is becoming much too simple. Those who use cash can still have a moderate level of privacy. For now…

This doesn’t end with simply having people use debit or credit cards. The endgame and goal is a completely controllable and programmable digital currency.

• The Endgame: Central Bank Digital Currency

At some point, the rulers will attempt to roll out the CBDC and they’ll make it look appealing. Sadly, many will fall for it and will become permanent slaves with no chance of escape. It’s up to all of us to know this and resist it at all costs

Article cross-posted from SHTF Plan.