The decline of a currency’s world reserve status is often a long process rife with denials. There are numerous economic “experts” out there that have been dismissing any and all warnings of dollar collapse for years. They just don’t get it, or they don’t want to get it. The idea that the US currency could ever be dethroned as the defacto global trade mechanism is impossible in their minds.
One of the key pillars keeping the dollar in place as the world reserve is its petro-status, and this factor is often held up as the reason why the Greenback cannot fail. The other argument is that the dollar is backed by the full force of the US military, and the US military is backed by the US Treasury and the Federal Reserve – In other words, the dollar is backed by…the dollar; it’s a very circular and naive position.
Continue reading “A Dollar Collapse Is Now In Motion: Saudi Arabia Signals The End Of Petro Status – BrandonSmith 1/25/23”
Let’s start with three interconnected multipolar-driven facts.
First: One of the key take aways from the World Economic Forum annual shindig in Davos, Switzerland is when Saudi Finance Minister Mohammed al-Jadaan, on a panel on “Saudi Arabia’s Transformation,” made it clear that Riyadh “will consider trading in currencies other than the US dollar.”
Continue reading “Global South: Gold-backed Currencies to Replace the US Dollar – PepeEscobar 1/19/23”
On Sept. 8, SBF met with senior Biden adviser Steve Ricchetti in a previously unreported encounter, White House officials familiar with the matter said. The meeting was “the latest in a handful of sessions,” according to the report.
Continue reading “SBF Was Meeting With Senior White House Officials Shortly Before FTX Collapse – ZeroHedge 12/30/22”
The potential of losing your funds isn’t the only reason to secure your own bitcoin. It also ensures the price cannot be manipulated.
Are you keeping bitcoin on an exchange?
Let me tell you a story about what happens when you, and others, leave your bitcoin on exchanges. You might be surprised to hear what that means for your holdings. It might sound a lot like your own.
Continue reading “The Dangers of Paper Bitcoin – BitcoinMagazine 12/19/22”
Leaked files reviewed by MintPress expose how intelligence services the world over can track cryptocurrency transactions to their source and therefore identify users by monitoring the movements of smartphone and Internet-of-Things (IoT) devices, such as Amazon Echo. The contents comprehensively detonate the myth of crypto anonymity, and have grave implications for individuals and states seeking to shield their financial activity from the prying eyes of hostile governments and authorities.
The documents are among a trove related to the secret operations of Anomaly 6, a shadowy private spying firm founded by a pair of U.S. military intelligence veterans.
Continue reading “Shadowy US Spy Firm Promises To Surveil Crypto Users For the Highest Bidder – KitKlarenberg 12/15/22”
The EU Commission will provide funds to a consortium whose job is to launch a payments pilot for the bloc’s digital ID wallet.
The NOBID (Nordic-Baltic eID Project) has been chosen to head a multi-national consortium comprising a number of companies such as Thales and iProov, who are expected to start the pilot focusing on payments – one of four EU digital identity pilots – in March 2023.
Continue reading “EU Funds Test of Biometric Payments from Digital Wallets – ReclaimTheNet 12/19/22”
The FTX scandal has thrown the future of cryptocurrencies into doubt. Supporters of bitcoin, which has proved to be remarkably robust at a time when the whole cryptocurrency ecosystem is threatened by scandal and a systemic collapse, are still asserting that it is the future money.
This article addresses a number of issues that next year will make or break bitcoin’s claim over gold. Besides the interest of governments to prevent it having any monetary role, hodlers ignore the legal status of gold as money, and the different treatment likely to be accorded to bitcoin in criminal law. Furthermore, bulls of bitcoin are mainly only that: speculators hoping for a profit measured in their fiat currencies.
Continue reading “The Debate Between Gold and Bitcoin in 2023 – AlasdairMacleod 12/8/22”
A staggering number of Nigerians love Bitcoin, but hate government cryptocurrency (CBDCs).
In April, leading cryptocurrency exchange KuCoin noted that 35% of the adult population in Nigeria – roughly 34 million adults aged 18-60, own bitcoin or other cryptocurrencies. But when it came to the country’s Central Bank Digital Currency (CBDC), the eNaira, it was a massive failure.
Continue reading “Nigeria Limits ATM Withdrawals To $45 Per Day To Force Govt-Controlled Digital Payments – ZeroHedge 12/8/22”
Are some of the cryptocurrency industry’s most important pioneers being targeted by someone? We just learned that a 53-year-old cryptocurrency billionaire named Vyacheslav Taran has died, and he is the third big name to suddenly meet his maker in recent weeks. So is this just one giant coincidence, or is there some common denominator that links all three of them? There is so much that we don’t know right now, but it is interesting to note that all three of these deaths have happened at a time when the cryptocurrency community is going through an unprecedented amount of turmoil. The collapse of FTX is threatening the legitimacy of the entire industry, and many that were once crypto millionaires on paper have had their fortunes completely wiped out.
Continue reading “Who Is Killing The Crypto Millionaires? – MichaelSnyder 11/29/22”
The collapse of Sam Bankman-Fried and his fraudulent cryptocurrency empire at FTX is news at its most entertaining. Who doesn’t love the story of a bigshot billionaire revealed to be an outright fraud? It’s black-and-white. FTX owes billions in debt and doesn’t actually own a dime of the assets it claimed. Game over.
Continue reading “Sam Bankman-Fried and the Pandemic Industrial Complex – MichaelP.Senger 11/18/22”
A series of revealing texts and tweets by Sam Bankman-Fried, the disgraced CEO of FTX, the once high-flying but now belly-up crypto exchange, had the following to say about his image as a do-gooder: it is a “dumb game we woke westerners play where we say all the right shibboleths and so everyone likes us.”
Very interesting. He had the whole game going: a vegan worried about climate change, supports every manner of justice (racial, social, environmental) except that which is coming for him, and shells out millions to worthy charities associated with the left. He also bought plenty of access and protection in D.C., enough to make his shady company the toast of the town.
Continue reading “The Covid/Crypto Connection: The Grim Saga of FTX and Sam Bankman-Fried – JeffreyA.Tucker 11/18/22”
Sam Bankman-Fried, the founder of FTX, which was, until last week, the world’s second-largest cryptocurrency exchange, is today facing prison time for allegedly defrauding his customers of billions of dollars. Bankman-Fried, 30, donated to many progressive causes allied with the “effective altruism movement,” including pandemic prevention and response. He spoke at, and presumably donated to, the World Economic Forum’s Davos conference last May and the Clinton Foundation’s Clinton Global Initiative in September. Bankman-Fried is similar to Bernie Madoff in that both men used philanthropic giving, and the veneer of humility, to create a positive reputation while running pyramid schemes that should have set off red flags among investors, regulators, and journalists….
The Federal Reserve Bank of New York and major banks will launch a three-month test of a digital dollar in hopes of studying its feasibility.
The initiative was announced by the regional Federal Reserve bank and nearly a dozen financial institutions on Tuesday. A news release referred to the experiment as a “proof-of-concept project” in which the banks will work with the Fed’s New York Innovation Center to simulate digital money representing the deposits of their own customers and settle them through simulated Fed reserves on a distributed ledger….
At these times of growing confusion over the future of currencies’ purchasing power, it is time to remove all doubt in the definitions of the differences between money, currency, and credit. This article traces the history and legal background to these relationships.
Despite the failure of the Bretton Woods agreement in 1971 and the state propaganda that followed, the position is clear. Both historically and legally money is and remains metallic coin — principally gold — and the rest is credit.
Continue reading “Legal Definitions of Money and Credit – AlasdairMacleod 11/10/22”
CEO of cratering crypto firm FTX is Dems’ second largest donor, behind Soros:
Sam Bankman-Fried, the CEO of crypto exchange company FTX, and the second biggest donor to the Democrat party, is in hot water as his company is in financial freefall with over $1 billion missing.
According to Fortune, “30-year-old Bankman-Fried has been a major force in Democratic politics, ranking as the party’s second-biggest individual donor in the 2021–2022 election cycle.”
Continue reading “At Least $1 Billion of Customer Funds Missing from Collapsed Crypto Exchange FTX, CEO 2nd Biggest Donor to Democrats – Cryptogon 11/13/22”
One can’t emphasize enough how dangerous the current macro setting is in the wake of a deliberately strong and illiquid Dollar.
Biden, of course, says not to worry. We say otherwise.
Continue reading “How an Illiquid Dollar Ruins the World – MatthewPiepenburg 10/19/22”
Despite privacy being one of the main concerns citizens have about central bank digital currencies (CBDCs), the heads of the United States (US) Federal Reserve and European Central Bank (ECB) have confirmed that their respective CBDCs will not be anonymous.
Continue reading “The Digital Dollar Will Not Be Anonymous, Federal Reserve Chair Jerome Powell Says – ReclaimTheNet 9/27/22”
Marketed as a climate friendly alternative, a major digital asset becomes the frontrunner for a global central bank digital currency.
The people in charge of the Ethereum token, a popular digital asset previously marketed as a decentralized money, decided last night to finalize its transition into what amounts to WEF (World Economic Forum) coin, securing the network’s path on the road to state capture, and perhaps, the birth of the ruling class’s 1.0 version of a global Central Bank Digital Currency.
Continue reading “Ethereum Becomes WEF Coin, and a Global CBDC is Born – TheDossier 9/15/22”
Australia’s Reserve Bank is launching a pilot program over the course of the next year in collaboration with the Bank for International Settlements (the central bank of central banks) to test the “benefits” of a blockchain ledger based digital currency system. The central bank is added to a long list of participants in BIS efforts to introduce CBDCs (central bank digital currencies) with the target goal of launching them globally by 2025-2030.
Continue reading “Australia’s Central Bank Working With BIS To Launch Digital Currency System – ZeroHedge 8/9/22”
Currencies are the lifeblood of a nation’s trade and its economy. When a currency fails, the entire economy collapses.
Even so, most people rarely think about the health or buying power of the money in their pockets. They watch their bank balance, their brokerage or IRA balance and are aware of their home’s value. They see those numbers change, but they never reflect on the value of the currency itself.
Continue reading “Central Bank Digital Currencies Are the Ultimate Tool of Financial Oppression – BrandonSmith 7/6/22”
Central bankers and bureaucrats are seizing on recent turmoil in cryptocurrency markets to push aggressively for central bank digital currencies (CBDCs).
They made their case to other global elites gathered in Davos on Monday for the World Economic Forum’s annual meeting.
Continue reading “Globalists Convene to Plan Central Bank Digital Currencies – Stefan Gleason 5/24/22”
A new report from the Bank of International Settlements estimates that up to 90% of national central banks are at least in the planning stages for launching a central bank digital currency (CBDC):
Continue reading “Report: “90% of nations planning Central Bank Digital Currency“ – Off-Guardian 5/6/22”
I have been warning about an inevitable East vs. West economic war for many years now. The question was never a matter of likelihood, it was always just a matter of timing. When would the most convenient time be for World War III?
The issue of “convenience” might sound odd, but I want readers to remember one rule: All wars are banker wars.
Continue reading “Economic World War: Who Benefits? (And How Much Time Is Left?) – BrandonSmith 5/4/22”
The Italian city of Bologna is set to launch a social credit score style system, dubbed the “smart citizen wallet.” Participating in the program is voluntary, for now.
Continue reading “Italian City Introduces Social Credit Style System – ReclaimTheNet 4/24/22”
Canada’s new budget announced On April 8 includes restrictions on crowdfunding platforms and an investigation into cryptocurrency. The two provisions are some of the sanctions the government imposed under the Emergencies Act to stop the Freedom Convoy Protest.
Continue reading “Canada’s New Budget Includes Regulating Crowdfunding After Freedom Convoy Support – ReclaimTheNet 4/9/22”
From Brandon Smith
Way back in 2014 I wrote an article titled False East/West Paradigm Hides the Rise of Global Currency. I was inspired to cover the issue due to three specific trends which at the time were concerning.
The first trend was the increased mention within globalist circles of something called the “Great Reset.” Christine Lagarde who, as the head of the IMF at the time, was suddenly throwing the phrase around in press interviews and in Q&A events at the World Economic Forum. This appeared to me to be a rebranding of the “New World Order” agenda which establishment elites had been known to mutter about in moments of rare honesty. It indicated a concerted push towards global centralization in the face of economic and social decline within nations.
Continue reading “The Ukraine Conflict Is Just a Sideshow, and We Are the Real Targets – BrandonSmith 4/6/22”
Ernst Wolffs’ answer to the big questions that have plagued all of us.
Many who have followed this coronavirus “public health crisis” and the non-sensical response provided by most of the western nations (including the USA) have been perplexed by two big questions – how was this done (in such a globally coordinated fashion), and why was it done?
Continue reading “Uncovering the Corona Narrative – RobertMalone 3/25/22”
The biggest financial paradigm shift in our lives is underway, and there’s no turning back. No one knows exactly what it’s going to look like going forward nor how we’ll be able to get there.
Continue reading “A Paradigm Shift in Global Finance, Gold, Silver, Uranium, and Grains Is Now Underway – ActivistPost 3/21/22”
Source: off-guardian.org (via BlacklistedNews)
A joint project between the Central Bank of Canada and the Massachusetts Institute of Technology will be researching the possibility of an entirely digital Canadian dollar, it was announced yesterday.
Continue reading “Ukraine Crisis Accelerating Rise of Central Bank Digital Currencies – OffGuardian 3/19/22”
Source: Rutherford.org (via BlacklistedNews)
“The greatest tyrannies are always perpetrated in the name of the noblest causes.”—Thomas Paine
Continue reading “Digital Tyranny: Beware of the Government’s Push for a Digital Currency – The Rutherford Institute 3/14/22”