Buckle Up Part 2: Federal Reserve Announces Complete Takeover of the US Economy

[John Stark]

The Federal Reserve Announces Its First Big Step Towards a Digital Dollar

The Federal Reserve Bank of the United States has announced that it is launching an instant payment transfer service called “FedNow Service,” which has features of a Central Bank Digital Currency (CBDC) and some analysts believe is the first big step towards a “digital dollar.” On Wednesday...

beckernews.com

Some Highlights:

On Wednesday, within hours of our reporting that the Silicon Valley Bank and Signature Bank failures could spur renewed calls for the U.S. to implement a CBDC, the Federal Reserve announced that the U.S. is rolling out the FedNow instant payment transfer service in July.

“We couldn’t be more excited about the forthcoming FedNow launch, which will enable every participating financial institution, the smallest to the largest and from all corners of the country, to offer a modern instant payment solution,” said Ken Montgomery, first vice president of the Federal Reserve Bank of Boston and FedNow program executive. “With the launch drawing near, we urge financial institutions and their industry partners to move full steam ahead with preparations to join the FedNow Service.”

The report added that FedNow will “address a challenge that has plagued the financial industry worldwide for several decades: facilitating instant payments. Various players have come up with their own solutions, such as VISA (NASDAQ: V) and Mastercard (NASDAQ: MA), which have Direct and Send, respectively, to enable real-time payments.”

It points out that in the U.S., a collective of banks and payment processors known as The Clearing House runs real-time payments, adding that one of the emerging solutions to this challenge has been central bank digital currencies (CBDCs) to facilitate real-time payments. In the U.S., Fed chair Jerome Powell has dismissed the need for a digital dollar, and FedNow is his response to the call for a CBDC.

While there is currently no imminent plan for the Fed to implement a “digital dollar,” a House bill was filed in 2022 to authorize the Treasury to create one. Rep. Stephen Lynch (D-MA) was joined by four other members of Congress in filing the bill: Jesús Chuy Garcia, (D-IL), Ayanna Pressley, (D-MA), and Rashida Tlaib (D-MI).

“The electronic dollar, a virtual representation of a US dollar, would allow people to make payments using tokens on mobile phones or through cards versus cash,” Lucas Mearian of Computer World reported on the legislation.

“ECASH (electronic cash), as the bill calls it, would be a bearer instrument that wouldn’t require payment processing intermediaries, such as SWIFT, the world’s largest payment messaging network,” the report noted. “That means payments using ECASH would be near instantaneous — even across national borders — and processing fees would likely be dramatically reduced.”

The World Economic Forum supports the implementation of CBDCs to promote more inclusion and stability in the global digital economy. It cites America’s central bank, the Federal Reserve, as saying that if CBDC were to be introduced, it would be “the safest digital asset available to the general public, with no associated credit or liquidity risk.”

“The resilience of financial systems could also be boosted,” WEF adds. “If a natural disaster or the failure of a payments company made cash unavailable, a CBDC could provide a back-up, the International Monetary Fund says.”

As summed up by Thomas Jefferson in a letter to Samuel Kercheval in 1816, it is the tendency of government to grow more powerful and to corrupt society.

“And this is the tendency of all human governments. A departure from principle in one instance becomes a precedent for the second; that second for a third; and so on, till the bulk of society is reduced to be mere automatons of misery, to have no sensibilities left but for sinning and suffering,” Jefferson wrote.

Several points here.

Clearly the Fed is facilitating the complete takeover of payment processing, as indicated by the references to Visa, MasterCard, the Clearing House, and the SWIFT system, which it could be argued are banking cartels in their own right. Note how the Fed is "urging" financial institutions to join FedNow. That is a not-so-subtle hint to the existing cartels and infrastructure to "get with the program, there's a new sheriff in town."

Further, when the Fedscum banksters act like there is no scheme in the works to create a digital dollar, they are doing nothing more than telling us not to believe our own lying eyes. They are essentially taking over the entire banking system from what was, on paper at least, a nominally private financial endeavor that has at least a modicum of competition. Further, their new system is all about facilitating digital money, further undermining the use of cash, barter, or other financial instruments or means.

That the satanic globalist WEF is fully in support of this trend ought to be a huge Red Flag to anyone who cares about this nation. Does anyone believe the WEF when it is making the point that digital currency would be “the safest digital asset available to the general public, with no associated credit or liquidity risk?”

Forget their globalist ambitions for just one split second. Has there ever been such a thing as investing, or even saving, without risk? Whether its from making bad bets, holding assets too long despite clear warning signs on immenent devaluation, fraud, outright theft and robbery, the complete of failure nearly ALL technologies and strategies to guard and protect wealth (e.g., via armed guard, vaults, alarms, hidey holes, and so on) throughout history, it is a proven fact that investing or saving (whether storing wealth in someone else's vault or your own), ALWAYS carries the risk of loss of that wealth for various reasons.

This is nothing more than the next cog in the Machine meant to enslave us.

The goal is to eliminate portable wealth, in favor of only allowing wealth transfer through their digital gate keeping and tracking.

Don't believe it can't happen. China is already 85% or more there: almost no one in that communist shithole can buy or sell, get a job, rent an apartment or house, get in a cab or subway or a plane, or go anywhere, without their phone and the tracking that goes along with that.

That will be our fate here if we allow this cashless society to coalesce and ultimately usurp our Liberty.

"And he causes all, the small and the great, the rich and the poor, and the free and the slaves, to be given a mark on their right hands or on their foreheads, and he decrees that no one will be able to buy or to sell, except the one who has the mark..."

 

[pshift]

Revelation my friends. The Book of Revelation is upon us.

 

[prambo]

Get Woke, Go Broke? It's Time To Talk About SVB's Ties To The World Economic Forum - Alt-Market.us

"Numerous central bank officials and globalist organizations jumped into the debate almost immediately, arguing that FTX was a perfect example of why centralized regulation of crypto and digital currencies was necessary. They claimed that without oversight by banking elites, disaster was inevitable.

Of course, what they did not mention was that FTX and Sam Fried already had extensive connections with globalist groups including the World Economic Forum. In fact, the very basis of Fried’s business model was the WEF’s “Stakeholder Capitalism” theory, which he often referred to as “Effective Altruism.”"

"Looking into SVB’s operational history, the company was a woke nightmare. Take a gander at their 66 page ESG report compiled in 2021 to get a sense of how far to the extreme political left the bank was. SVB is the pinnacle example of why “Get Woke, Go Broke” is more than a mantra, it’s a rule."

 

[John Stark]

Well well well. It seems Switzerland is not immune to American style bank runs, along with American style government bailouts. From the Wall Street Journal, so take that for what its worth, given how wrong they are on financial matters:

It Wasn’t Just Credit Suisse. Switzerland Itself Needed Rescuing.

Crisis threatened an economic model and national identity built on safeguarding the world’s wealth.

www.wsj.com

It was Thursday, barely 24 hours into an escalating banking crisis and Credit Suisse was hemorrhaging deposits. The 167-year-old national institution appeared days away from bankruptcy. To keep it alive until the weekend, the central bank was about to quadruple a credit line of more than $50 billion. U.S. and U.K. regulators called their Swiss counterparts to make sure they didn’t let Credit Suisse bring down global markets.

Finance Minister Karin Keller-Sutter, central bank head Thomas Jordan and financial regulator Marlene Amstad had dialed Colm Kelleher, the UBS chairman, to present two options that were really only one: Buy Credit Suisse without a chance to fully understand its vast and complicated balance sheet—or let it fold in a protracted unraveling that UBS’s own executives worried could shatter Switzerland’s credibility as a global banking center.

Over WhatsApp, Swiss diplomats asked each other nervously whether they should move their deposits from Credit Suisse.

After a series of frantic calls and government-orchestrated meetings in Bern, UBS agreed to swallow Credit Suisse for $3.2 billion. To seal the deal, the government, which had vowed after the 2008 crisis never again to use public money to save a bank, hastily used emergency laws to do exactly that....

....This Alpine nation has seen itself as a special case in Europe: a neutral broker and soberly governed democracy whose banks offer a discreet safe haven to far-flung investors and the world’s wealthy. Its banking system is five times the size of its gross domestic product and larger than in most economies. UBS combined with Credit Suisse has a balance sheet twice the size of the Swiss economy.

Credit Suisse was listed as the 45th largest bank in the world in December of 2022, with about $830 billion in total assets. For the Swiss, this was an existential crisis, given their reputation as a neutral banking nation and the vast financial and banking "industry" they have built their nation on.

Switzerland was looking at the collapse of their entire economy, right along with its reputation as a "safe" nation to bank with and invest in.

The plain fact of the matter is that they are as bankrupt as the US and the rest of the bankster schemes that have been put into place by central banks in the last 100 years. Fiat money is not wealth, its nothing more than accounting tricks and organized crime.

I post this here rather than the other thread because its my view that this Credit Suisse bankruptcy (even though they're not calling it that, they're calling it a buyout) was more than likely something that was in play before the SVB and other American banks went bust.

In 2019, before the covid lies, the Fed began bailing out all of the big Wall Street banks, including many foreign banks. And these 2019 bailouts and money printing... were EVEN LARGER than they were in the 2008 "Great Recession." Take a good look at this chart:



Anyone who wants to do a deep dive on the bailouts of started in 2019 and oddly seemed to last right through Operation WuFlu, I suggest starting with the various articles here:

-

Wall Street On Parade’s Ongoing Series on the Federal Reserve’s 2019-2024 Bailouts of Wall Street (Latest articles appear first.) Jerome Powell’s Fed

wallstreetonparade.com

Note that the husband/wife team that writes the stories on that site are not conservatives, and they are also anti-Trump, so trigger warning. That being said, with regards to their financial information about the bailouts that started 6 months before anyone ever heard of WuFlu bullshit, I have not found anything to contradict their findings.

Operation WuFlu was a cover up of another global financial crisis, and all of the sick, twisted lies and evil things done to our nation and our society were for the direct purpose of saving the fucking banksters and propping up the corrupt, bankrupt nations that are all-in on permanently entrenching a global government that will make the Nazis and the Soviets look like freaking pikers.

Which all leads to the point that must be made: If the Swiss were on the verge of total financial collapse, right at the same time we're seeing US banks failing and the Fed "studying" the possible need of backstopping ALL deposits in US banks (above and beyond the $250K FDIC insurance policy for depositors), then we must draw at least two conclusions:

We're heading for (already in?) another financial crisis worse than we had in either 2008 or 2019 and....

....They will do something far worse to us than they did during Operation WuFlu to make sure the established global government and order (which rests upon the power of the banksters and corporate scum), hold on to power.

Buckle Up.

 

[Drinkthekoolaid]

So does this pave the way for digital currency?

 

[MothMan]

Only ADA.

So does this pave the way for digital currency?

 

[JRtraderny]

Well well well. It seems Switzerland is not immune to American style bank runs, along with American style government bailouts. From the Wall Street Journal, so take that for what its worth, given how wrong they are on financial matters:

It Wasn’t Just Credit Suisse. Switzerland Itself Needed Rescuing.

Crisis threatened an economic model and national identity built on safeguarding the world’s wealth.

www.wsj.com

Credit Suisse was listed as the 45th largest bank in the world in December of 2022, with about $830 billion in total assets. For the Swiss, this was an existential crisis, given their reputation as a neutral banking nation and the vast financial and banking "industry" they have built their nation on.

Switzerland was looking at the collapse of their entire economy, right along with its reputation as a "safe" nation to bank with and invest in.

The plain fact of the matter is that they are as bankrupt as the US and the rest of the bankster schemes that have been put into place by central banks in the last 100 years. Fiat money is not wealth, its nothing more than accounting tricks and organized crime.

I post this here rather than the other thread because its my view that this Credit Suisse bankruptcy (even though they're not calling it that, they're calling it a buyout) was more than likely something that was in play before the SVB and other American banks went bust.

In 2019, before the covid lies, the Fed began bailing out all of the big Wall Street banks, including many foreign banks. And these 2019 bailouts and money printing... were EVEN LARGER than they were in the 2008 "Great Recession." Take a good look at this chart:

View attachment 194477

Anyone who wants to do a deep dive on the bailouts of started in 2019 and oddly seemed to last right through Operation WuFlu, I suggest starting with the various articles here:

-

Wall Street On Parade’s Ongoing Series on the Federal Reserve’s 2019-2024 Bailouts of Wall Street (Latest articles appear first.) Jerome Powell’s Fed

wallstreetonparade.com

Note that the husband/wife team that writes the stories on that site are not conservatives, and they are also anti-Trump, so trigger warning. That being said, with regards to their financial information about the bailouts that started 6 months before anyone ever heard of WuFlu bullshit, I have not found anything to contradict their findings.

Operation WuFlu was a cover up of another global financial crisis, and all of the sick, twisted lies and evil things done to our nation and our society were for the direct purpose of saving the fucking banksters and propping up the corrupt, bankrupt nations that are all-in on permanently entrenching a global government that will make the Nazis and the Soviets look like freaking pikers.

Which all leads to the point that must be made: If the Swiss were on the verge of total financial collapse, right at the same time we're seeing US banks failing and the Fed "studying" the possible need of backstopping ALL deposits in US banks (above and beyond the $250K FDIC insurance policy for depositors), then we must draw at least two conclusions:

We're heading for (already in?) another financial crisis worse than we had in either 2008 or 2019 and....

....They will do something far worse to us than they did during Operation WuFlu to make sure the established global government and order (which rests upon the power of the banksters and corporate scum), hold on to power.

Buckle Up.

When they started locking shit down in 2020 there should have been a replay of 1776 .

 

[ManualF150]

When they started locking shit down in 2020 there should have been a replay of 1776 .

Yes there should've been.

Our society has gotten very complacent.

 

[John Stark]

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

"Sunday's shocking bail-in, which rendered $17BN of investments worthless, has become one of the most controversial elements of the shotgun marriage between Credit Suisse and its larger rival, UBS, brokered by Swiss authorities."

Translation: Nice bank you've got there, would be a shame if something happened to it. Credit Suisse is looking like a good deal for you guys at UBS, right? Right!

"Meanwhile, the government's intervention to bail out the combined UBS-CS entity - because if Credit Suisse had gone under, UBS was certainly next - is undisputable: as part of the acquisition deal by UBS, the combined bank will receive CHF9BN of government guarantees and a CHF100bn liquidity lifeline from the SNB (EDIT: Swish National Bank). An additional emergency government ordinance issued by Bern on Sunday had further confirmed the power to take decisions over elements of a bank’s capital structure in Swiss law..."

Bail in, bail out. Almost sounds like a sinking ship doesn't it, except who bails water INTO a life boat?

Of course we're talking about several different boats aren't we in this scenario: the Swiss government, the central bank of Switzerland, UBS, Credit Suisse, all the other Swiss banking and financial services "industry," and all of the other banksters, corporate , and nations that are all heavily invested in the global financial ponzi scheme of monetizing the same bad debt over and over and over.

This isn't just a matter of a sinking ship and saving as many people as can be saved with the available life boats. No, this is about making sure that CERTAIN people get into a life boat, while others are purposefully left behind on the sinking ship. This is government picking winners and loser in the fiat ponzi scheme.

"Your investment ponzi schemes are not as sound as our investments ponzi schemes."

This is precisely what happened in the US (and globally) in 2008, what happened again from 2019-to 2021 with Operation WuFlu (which is still a declared emergency) and hush hush $12 Trillion in bank bailouts (foreign and domestic), and what is happening all over again right now with the SVB and the "study"on "backstopping" ALL $18 Trillion deposits currently held by American banksters.

SVB "collapses" (read: allowed to over the course of at least a year and a half), then is put on the auction block to be divvied up by other vulture "capitalist" ponzi schemers, while other players end up being the losers in the latest installment of Federal Reserve Drama dished up on live TV.

Both SBV and Credit Suisse were sliding into trouble for a protracted length of time, and government regulators with their millions of pages of banking and financial laws along with "stringent" oversight have proven, all over again, that they cannot govern markets.

One might almost think that some of these "oversights" by the authorities and the banksters are purposeful, eh? Just another part of the ponzi scheme to keep the plates spinning?

Find some marks, build up "assets" by gaining the confidence of the marks, and then reap huge profits for the principle players while letting the marks get taken to the cleaners.

Add in the fact that big banks like JPMorgan or UBS will just bailed out all over again once the bad debt they are "buying" turn into worthless junk down the road. Rinse/Repeat.

Central Banking, and fractional "reserve" banking, is nothing more than organized crime and theft, all "backstopped" by laws and authorities so that that they have a legal pretext to keep the con going and deniable plausibility for the real powers behind the throne.

 

[prambo]

The Federal Reserve Announces Its First Big Step Towards a Digital Dollar

The Federal Reserve Bank of the United States has announced that it is launching an instant payment transfer service called “FedNow Service,” which has features of a Central Bank Digital Currency (CBDC) and some analysts believe is the first big step towards a “digital dollar.” On Wednesday...

beckernews.com

Some Highlights:



Several points here.

Clearly the Fed is facilitating the complete takeover of payment processing, as indicated by the references to Visa, MasterCard, the Clearing House, and the SWIFT system, which it could be argued are banking cartels in their own right. Note how the Fed is "urging" financial institutions to join FedNow. That is a not-so-subtle hint to the existing cartels and infrastructure to "get with the program, there's a new sheriff in town."

Further, when the Fedscum banksters act like there is no scheme in the works to create a digital dollar, they are doing nothing more than telling us not to believe our own lying eyes. They are essentially taking over the entire banking system from what was, on paper at least, a nominally private financial endeavor that has at least a modicum of competition. Further, their new system is all about facilitating digital money, further undermining the use of cash, barter, or other financial instruments or means.

That the satanic globalist WEF is fully in support of this trend ought to be a huge Red Flag to anyone who cares about this nation. Does anyone believe the WEF when it is making the point that digital currency would be “the safest digital asset available to the general public, with no associated credit or liquidity risk?”

Forget their globalist ambitions for just one split second. Has there ever been such a thing as investing, or even saving, without risk? Whether its from making bad bets, holding assets too long despite clear warning signs on immenent devaluation, fraud, outright theft and robbery, the complete of failure nearly ALL technologies and strategies to guard and protect wealth (e.g., via armed guard, vaults, alarms, hidey holes, and so on) throughout history, it is a proven fact that investing or saving (whether storing wealth in someone else's vault or your own), ALWAYS carries the risk of loss of that wealth for various reasons.

This is nothing more than the next cog in the Machine meant to enslave us.

The goal is to eliminate portable wealth, in favor of only allowing wealth transfer through their digital gate keeping and tracking.

Don't believe it can't happen. China is already 85% or more there: almost no one in that communist shithole can buy or sell, get a job, rent an apartment or house, get in a cab or subway or a plane, or go anywhere, without their phone and the tracking that goes along with that.

That will be our fate here if we allow this cashless society to coalesce and ultimately usurp our Liberty.

"And he causes all, the small and the great, the rich and the poor, and the free and the slaves, to be given a mark on their right hands or on their foreheads, and he decrees that no one will be able to buy or to sell, except the one who has the mark..."

They're going to try and shove this right up our asses.

I say we break the arm off in our ass, pull it out, and beat Fed.Gov into a quivering pile of protoplasm with it.

Just sayin'.

Another look at FedNow and where it's going...

https://mishtalk.com/economics/the-fed-proposes-a-4th-function-of-money-means-of-social-control

"The Fed is sending "confidential, not-for-distribution research" to select members of the House Financial Services Committee espousing money as a means of social control."

 

[meketrefe]

hello I am from the government and I am here to help...
.
.
.
.
.
.
.
.
.
.
.
.
.
.
.
....myself.

 

[prambo]

The World Economic Forum and the West's Next Act?

"If Western politicians seem just as second-rate these days as what customers all too often find in stores, there may be a simple reason why: International financial titans make, sell, and own both... and may be planning to own you, too."

"If you are a consumer today, inflation is only one of the problems harming you. As prices go up, quality continues to go down. What most stores have to offer you might crassly be called "cheap crap." In fact, economic writer Charles Hugh Smith has repeatedly warned that the "crapification" of the U.S. economy is the natural result of a "neoliberal-hyper-financialization-hyper-globalization model," in which quasi-monopolist manufacturers mass-produce goods with the cheapest possible components, while customers with scant other buying options are forced to accept that few purchases will last."

 

[John Stark]

Like clockwork:

ZeroHedge

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

www.zerohedge.com

 

[John Stark]

Breitbart fails at history miserably:

Federal Reserve Loans Climb to $354 Billion as Banks Scramble for Liquidity, Highest Since 2008

Borrowing from the Fed is at a level not seen since the 2008 financial crisis. | Economy

www.breitbart.com

"Federal Reserve Loans Climb to $354 Billion as Banks Scramble for Liquidity, Highest Since 2008"​

The premise of the headline is absurd. The bank bailouts that started in September of 2019 and went on for the duration of Operation WuFlu totalled about $12 Trillion, much larger than 2008.

$350 billion at this point is pocket change, and what is going on now is nothing but the consequences and an extension of the hush hush bailouts that were happening while they were pushing the covid scam for the last 3 years.

These current bank failures are not some new thing that just happened. They have essentially been happening since 2019, but the "authorities" were floating the banking/financial "industry" with huge infusions of "liquidity" to "shore it up" until it was the right time to let some banks go bust.

Hence, the press release about FedNow and the first phase in of a digital dollar...

Now that its "safe" to let a few banks go bust so they can clear (read: sell & monetize) some of that bad debt, they can push the digital dollar agenda (laying the ground work to ditch cash) during this banking "crisis."

Breitbart stepped on their own manhood with this retarded headline.

 

[FP1201]

Revelation my friends. The Book of Revelation is upon us.

Revelation 13:17
The Federal Reserve system is a private Bank, one that has loaned money it did not have (fractional reserve) to the Federal Government that didn't have until they printed it, and for those wanting to change their Federal Reserve NOTES aka "Dollars" to Gold or Silver, there is always someone complicit in the game willing to do so.
This new cryptic, Digital Currency is as fiat as the paper money in your wallet now, and being "Digital" then programmer or data input clerks can autonomously do as they please (adding/subtracting/stopping/etc.) the flow of your credits.
Imagine, a system where you can mathematically change your balance sheets by simply hacking your own system, oh and for that matter, the hackers, they true big time players, yea, they're going to become billionaires over night, and when it all implodes (and likely will) all that money will be as useful as Thurston Howell the Thirds money was on Gilligan's Island.

 

[Jsmegs77]

Get your marketable skills up to snuff, the barter economy is on the horizon and closing fast. Oh, and learn the hows and whys of Faraday cages, for the digital tattletale that all this nonsense will inevitably be tied to...

 

[John Stark]

This is a long read but well worth it:

Central Bank Digital Currencies: Funny Money That Will Destroy What Is Left of Private Property, Free Markets, and Personal Liberty

[E]ven when you have followed every law to the letter and paid every fee to the cent, there is still no guarantee that government agents will not later invoke eminent domain laws to swipe what you own because they believe they can use your private

www.gatestoneinstitute.org

I would comment on one point the author makes that is spot on, as far as he takes it:

"[G]overnments... spend money like drunken sailors precisely because central banks right across the street will buy up their debt and facilitate the printing of more money. How could politicians object to an arrangement that allows them to spend recklessly without any normal free market consequences?"

The other side of the coin that is not mentioned here is the fact that when the banking "industry" tanks and "falls on hard times," the government will turn around and bail them out on their bad bets via money "printing," especially if they are a Too Big Too Fail bank.

Its an important point to stress because it reveals the incestuous nature of the relationship between the bankters and the politicos, which essentially amounts to racketeering.

It is not coincidence that the central banks are willing to buy up the bad debt of the US government, because they obviously gain incredible advantages; not only in terms of business, but in their power over the government. Having a bottomless credit line from the government, one that will selectively pick winners (the big banking cartels and big corporations) and losers (smaller banks and other financial or corporate institutions) if the banking "industry" has a hiccup or goes belly up, has the obvious advantage of reducing risk and hence creates incentive to take on greater risk. As well, the power of these cartels (banking or corporate,) is obvious. Whether in law making and regulation, in influence in the White House and the issuance of Executive Orders and other powers and tricks a president and his cabinet have available, or in the judiciary, where teams of lawyers and accountants can stymie suit against them, and where a timely bribe of some form can sway a judge, the established cartels and monopolies wield vast power that most of our Founders would have abhorred.

Anyone want to argue that the Too Big Too Fail banking cartels and the giant monopolistic corporations that have been buying up all of the brands and consolidating the various segments of our economy represented by sectors like energy, manufacturing, innovation, agriculture, education, transport, and on and on are not heavily involved in directing policy, laws, and regulations coming out of "our" so-called governments? That these banking cartels and corporate monopolies aren't driving the evil fads that are destroying what is left of our cultural and societal identity as a once free People?

The politicos gain incredible advantages from the incest as well; they obviously get the money they want for their campaigns, they reap the politically lucrative money for their pet projects so that people will vote for them, they get to trade in stocks and become wealthy through insider trading all while sitting on committees that oversee government business matters that allow them to steer contracts to the "right" companies for the job while "bringing home the bacon" for their state or district in the form of new investment, jobs, tax base, and so on. Further, these hack politicos have golden parachutes waiting for them in case they do somehow get voted out of office, and will end up at lucrative law firms, teaching at prestigious schools, offered lucrative book deals, go on speaking tours, end up on the boards of directors at some fake news outlet like Fox (/cough Paul Ryan /cough), or shuffle off for a stint at a megacorp like Boeing (/cough Nimarata Nikki Randhawa/Haley /cough), and so on. Always with a chance to get back into the government racketeering scheme by getting elected to some other position, or appointed to one by political and corporate allies.

Regardless and despite the oversight, its an excellent article, and the move by the Federal Reserve to create the FedNow system is clearly shown to be part of the movement to completely control us by completely controlling our power and ability to exchange value for value.

 

[prambo]

Good place as any for this...

It's a Good Thing for Ordinary Americans If the US Loses Reserve Currency Status | Ryan McMaken

"Naturally, politicians and pundits such as Trump and Kudlow view any threat to this kind of state power as a bad thing. At this point, however, how we feel about it is irrelevant. It's going to happen regardless of our feelings on the matter."

"None of those things is going to happen without first experiencing a wakeup call on the level of losing currency reserve status. The good news is such a wakeup call will weaken the US regime, potentially forcing policymakers to embrace a more sane fiscal and monetary policy. "

 

[Defilade]

Revelation my friends. The Book of Revelation is upon us.

No doubt! And Revelation means to "Reveal". Everything is being shown, right in our faces!

 

[Saltwater60]

Just wait for the impending economic doom and they will get right on this. This scares the hell out of me.

 

[Defilade]

 

[Defilade]

 

[Acer-m14]

Where is Ron now ??

 

[Jmac00]

Buckle Up.

No. lock-n-load

 

[Jmac00]

When they started locking shit down in 2020 there should have been a replay of 1776 .

Like I said in 2020, all the restaurants and bars in NYC should got together and simply said NO, we will not shut down. what was cuomo going to do, arrest 300,000 people.
The people of this country have become weak and cowardly. he problem is, we in the resistance will simply be washed aside in the tsunami that is government. It might be time to move to Mexico, as all the mexicans are already here

 

[Robin]

Digital currency?
Robin

 

[John Stark]

The pump is being primed:

The Stock Market Casino Will Soon Be Open 24 Hours, 5 Days a Week

24-Hour Trading on Weekdays Coming UpPlease note Robinhood to Launch 24-Hour Trading on Weekdays in Stocks and ETFsRobinhood said Wednesday that it will offer 24-hour trading of selected stocks and…

mishtalk.com

As the author of the article points out, opening up stock market trading 24 hours, 5 days per week (8pm Sun to 8pm Friday) will go to trading 24/7. That will not be good for business or society, and I bet other trading and financial institutions will jump on this bandwagon right quick.

You can bet that this move by Robinhood (LOL what a retarded name for a corrupt trading house) is falling right in line with the policies and mandates that are coming down the pipe for the new FedNow takeover of payment processing.

And from there, the elimination of cash. Just like China already has in place.

Australia right now is moving towards making everyone submit an ID to get on the internet, doing away with any anonymity or privacy online, while exploring its own digital money and eliminating cash:

Central Bank Digital Currency

www.rba.gov.au

Australia's central bank launches digital currency project

Australia's central bank on Tuesday said it was launching a one-year research programme into the case for a central bank digital currency (CBDC) in Australia, focusing on what potential economic benefits it might bring.

www.reuters.com

The EU is already teetering on the brink of going completely cashless, and also has many controls on free speech on the internet. Parts of the EU already limit the amount of cash you can spend on any given purchase, and various EU states are already 60-80% cashless already, with most using debit and credit cards for all financial payments.

24 hour stock trading is going to be terrible for anyone who isn't tied into the Too Big Too Fail banks and their system of software, robobrokers, computer monitoring of trades, and so on. The push for AI is certainly tied into all of this. This move towards a 24/7 trading system is rife for abuse, as evidenced by the abuse that has been ongoing in financial "markets" since before the Great Depression.

Go to bed one night, and wake up in the morning to find out that overnight traders in some country half way around the world wiped out your entire portfolio while you were catching some zzzzzsssss.

This will make the current repo markets and other bankster schemes dealing with interest bearing "investments" and debts look like child's play. It will squeeze out all small players and investors, leaving only the wealthy elite and the Too Big To Fail corporations and banks the power to shuffle around funds, stocks, bonds, and so on.

Combined with broad online censorship we've already been seeing for years, and the government/corporate interests will control everything either by buying you out, bankrupting your portfolio or business if you are undesirable, or simply cancelling you via censorship and eliminating your ability to get online at all.

ESG (Environment, Social, Governance) and DEI (Diversiry, Equityy, and Inclusion) already are the rubric for government and corporate policy all over the world, and those standards will determine not only who gets to trade on the "market," but who will get to buy and sell, own a home, have car, have a job, get medical care, and so on and so on. China is already 85% or more there, and the multinational and international government entities, banksters, and corporate hacks are all on board for "money" that only they can control.

The US moves with FedNow are going to get a lot more of the banksters and corporate hacks to get behind 24/7 trading. Robinhood is jumping on the bandwagon, because the know where their bread is buttered. With Fednow poised to rule over all payment processing, financial institutions and corporations are going to glom onto the new system like shit on a stick, because there are incentives to do so, and penalties for those that don't comply.

 

[Defilade]

View attachment run out.mp4