NOTE FROM THE EDITOR
Once in while people come to me and ask me if I know anything about bit coins – digital money. But the truth is, deep inside me, I don’t like it, because it is the way that the government will control every penny you make, and with a click on the keyboard, can take away all the money you have if it was necessary – for whatever reasons.
Now you can save you ‘dirty, contaminated’ paper dollars hidden under your mattress and taken to whatever destination you choose. I don’t think is good for humanity, is not good for anyone, except the elite. In the following article, investigative journalist, James Corbett, explains it so well, that I bet you will never venture to accept it, but will resist it as much as you possible can.
by James Corbett
August 29, 2020 – As we all know by now, the entire corona crisis was and is an excuse for The Great Reset. And, as anyone who has followed the financial prognostication space for the past decade knows, “the great reset” has been used nearly interchangeably with “the global currency reset” to describe the collapse of the old dollar-centric Bretton Woods system and the rise of a new international monetary order.
It should come as no surprise, then, that the post-corona Great Reset being hyped by the World Economic Forum and their globalist fellow travelers is itself predicated on a global currency reset. But this global currency reset has a distinctly 21st-century technocratic flavor.
The form that this currency reset is taking reveals itself in the latest headlines from the world of central banking:
Yes, to the surprise of absolutely no one, the central banksters are using “The Great Reset” as a smokescreen to smuggle through one of their most cherished fantasies: the cashless society. Soon, central banks will be issuing national digital currencies and tracking every single transaction in the economy in real time.
And if you were able to read that last paragraph without feeling a chill run down your spine, then you need to get up to speed on what the cashless society entails and why it must be resisted with every last fiber of our being.
First, the specifics.
The “digital dollar” that the US senate banking committee is holding hearings about is the same digital dollar proposal that I talked about in my podcast on The Greatest Depression this past March. As you’ll recall, the Digital Dollar Project is being promoted by the World Economic Forum (surprise, surprise) and sold to the public via the old Cold War trick of “the Chinese are doing it, so we have to, too!”
Specifically, as the globalist crony insiders explained in their Wall Street Journal op ed on the idea last year:
“We propose a digital dollar—a government-sanctioned blockchain protocol, created and maintained by an independent nongovernmental group but administered by banks and other trusted payment organizations. Cash brought into the system would be exchanged for digital U.S. dollars on a blockchain, with the cash lodged in special escrow accounts maintained by the Federal Reserve.”
In other words, the fine folks over at the Fed would be the invisible counter-party watching lovingly over the digital money system. What could possibly go wrong?
The digital dollar being proposed is a type of “Central Bank Digital Currency” (CBDC), which the Bank for International Settlements (aka the central bank of central banks) was writing about back in 2017. In fact, the idea goes back even further, to a proposed Fed-run central bank cryptocurrency called Fedcoin (I kid you not).
As I explained last year, the point of these “central bank digital currencies” is to take advantage of The Bitcoin Psyop by presenting the cashless society as the cool, hip new spin on that bitcoin/crypto thing all the cool kids are talking about. Of course, this “Fedcoin” concept utterly subverts the very core impetus for bitcoin and cryptocurrency right off the bat, a point highlighted and underlined in the original “Fedcoin” proposal: “It (Fedcoin) reintroduces one central point of control to the monetary system by granting a central bank the ability to set the supply of tokens on a Fedcoin blockchain.”
In other words: “Hey guys, you know that idea for making central banks obsolete by taking the money creation power completely out of their hands and bypassing all intermediaries in the banking system? Well, this is exactly like that, except we’re going to put all the power over this system in the hands of the central bank.” Sadly, few in the public will even be able to see the blatant contradiction.
And, given that this is now being portrayed as some sort of monetary arms race with those dastardly Chinese and their proposed digital yuan, you can bet that a good portion of the public will embrace this new currency with open arms.
As researcher Steven Guinness has been meticulously documenting at his blog over the last several months, this introduction of central bank digital currencies in England and elsewhere is being fast-tracked by the Bank for International Settlements on the back of the World Economic Forum’s “Great Reset” agenda and is slated to be ready by 2025. The current scamdemic pandemonium only further helps to prepare the public to get ready to trade in their filthy, virus-laden cash for healthy virtual Fedcoins.