"Bitcoin is the solution to broken money, global inflation, and government overreach.
With $450 trillion in global wealth just waiting for preservation, Bitcoin’s role as an incorruptible, and moral form of money becomes clear. Hurley explores why Trump’s potential Day-One Bitcoin executive order could reshape the world economy and how Bitcoin preserves your time, energy, and labor for generations."
Sepp Hasslberger's insight:
This is so interesting. Any kind of official "adoption" of Bitcoin could change everything for international finance. It could even lead, in time, to an end run around the current extractive finance and banking system...
Here is Darren Moore Jr interviewing Catherine Austin Fitts. Darren is into cryptocurrencies and the talk is about how crypto can and likely will be used to restrict our freedom. Catherine is asking the question: "how can this trend be turned around?" She suggests we need to go local, and we need to make sure that cash continues to be used.
Catherine warns that once digital identity is imposed and everything is on crypto, there won't be a way to escape the control that electronic currencies afford governments, where basically "they" have all the power and people can only watch what they do with it...
Darren Moore, who is into crypto currencies, interviews Catherine Austin Fitts. Catherine warns that once digital identity is imposed and everything is on crypto, the world's natural resources are likely to be bought up. She adds that there won't be a way to escape the control that electronic currencies afford governments, where basically "they" have all the power and people can only watch what they do with it...
"Bitcoin is the solution to broken money, global inflation, and government overreach.
With $450 trillion in global wealth just waiting for preservation, Bitcoin’s role as an incorruptible, and moral form of money becomes clear. Hurley explores why Trump’s potential Day-One Bitcoin executive order could reshape the world economy and how Bitcoin preserves your time, energy, and labor for generations."
Sepp Hasslberger's insight:
This is so interesting. Any kind of official "adoption" of Bitcoin could change everything for international finance. It could even lead, in time, to an end run around the current extractive finance and banking system...
This is an excellent video interview by Catherine Austin Fitts, publisher of the Solari Report (you find them at solari.com).
The discussion is about what we can expect when CBDCs are widely introduced. But of course there's much more than that, as Catherine describes the wider context of this move towards the "Great Reset".
Catherine Austin Fitts says we do need a re-set but it has to be something that helps the ordinary people ...
Catherine Austin Fitts talks about what we can expect when CBDCs are widely introduced. But of course there's much more in this video, as Catherine describes the wider context of this move towards the "Great Reset".
After a one-year pilot program the Denver Basic Income Project is seeing initial signs of success and has already landed an additional $2 million in funds from the city.
Sepp Hasslberger's insight:
A basic income is a financial safety net. With something like that active, poverty and homelessness could be tremendously reduced.
No less than eighty UBI trials are underway globally, and many more have already started and ended. UBI is an original construct of Technocracy from the 1930s, where everyone in society would receive the same allocation of energy script that would expire at the end of the allocation period.
Today, UBI solves the problem of "unemployables" picking up too many pitchforks and torches to attack the Technocrat earth destroyers.
That UBI is being tested globally proves beyond a shadow of doubt that it is an initiative of the global oligarchy that promotes Technocracy, that is, the Great Reset. That UBI was first clearly defined in the 1930s by the formal Technocracy movement proves its origins.
Universal Basic Income as a potential control mechanism, many trials underway and others already completed. Will it move us towards the global dystopia of technocratic rule?
Heads up! A massive campaign involving over 1,000 fraudulent websites has scammed thousands of people worldwide with false promises of huge rewards.
"This massive campaign has likely resulted in thousands of people being scammed worldwide," Trend Micro researchers said in a report published last week, linking it to a Russian-speaking threat actor named "Impulse Team."
"The scam works via an advanced fee fraud that involves tricking victims into believing that they've won a certain amount of cryptocurrency. However, to get their rewards, the victims would need to pay a small amount to open an account on their website."
There is no doubt that Central Bank Digital Currencies are in our future, but much of the initial alarmist reporting missed many important details and events associated with global development of CBDCs. This research paper lays out the current status and roadmap in clear, unambiguous terms. Recommended reading!
Catherine Austin Fitts is an American investment banker and former public official who served as managing director of Dillon, Read & Co. and, during the Presidency of George H.W. Bush, as United States Assistant Secretary of Housing and Urban Development for Housing.
Here she explains the financial background behind the "great re-set", how this could affect us all.
Paul Van Slambrouck explores the diversity of gift economy projects around the globe.
A smile is integral to the design of a gift economy. This is an emergent, irreverent, rule-breaking search for a new way to relate to the world, and each other. It is a playful subversion of the so-called “laws” of economics, no more evident than in the term itself, which puts “gift” first, thereby casting a new hue to the so-called gray science.
There are many permutations of the gift economy. But what binds them, I think, is a core motivation to be generous and the striving to put generosity first.
Money has become concentrated in very few hands. Now some experts are considering that money itself may be part of the problem.
Commerce Without Money
For Thomas Greco, the rest of us lost the money game from the very start, or close to the start, when elected officials decided there would be only one form of money, and that access to it would be mostly controlled by a relatively small group of powerful institutions: banks.
Greco came to view the Federal Reserve and the banking industry as effectively a cartel that unjustly and unnecessarily charges interest for the right to access money in the form of credit.
“That’s the fundamental flaw in the system, having a centralized banking cartel that is able to control money as credit,” Greco says.
Greco envisions a highly evolved, regional, “multilateral barter system,” that doesn’t depend on a buyer and seller each needing to have something the other wants to exchange to conduct a transaction. That’s because the multitude of credit exchanges with other parties would allow for everyone’s accounts to reconcile at the end of the day without having to actually exchange money.
“We want moneyless exchange to go viral,” Greco says.
Moving towards a system where bank money isn't the only game in town. We have the power to "give each other credit", just like the banks do, except no one pays interest and no one is beholden to the bank for the rest of their lives.
On the thermodynamics of Bitcoin, Dogecoin, Ethereum, and Holochain
... determining blockchain’s real ecological cost is not simple. Some argue that kilowatts per transaction is the wrong equation. Others claim that roughly three quarters of the electricity used to mine blocks comes from renewable sources (though still others say it’s more like 40%, and most of the remaining power comes from coal and natural gas). Finally, proponents claim that cryptocurrency drives adoption of renewables and might be a lot greener than the global banking system.
But as blockchains become more popular and their tokens increase in value, more miners get in on the game, increasing the total electricity consumption. Even if you use the more favourable figures, with non-renewables accounting for only 25%, 25% of a lot will still be a lot.
Public blockchains consume so much electricity because they have a lot of entropy to deal with. In thermodynamics, entropy is noise, waste, meaninglessness. The problem blockchain is trying to solve — dishonest agents trying to corrupt the global ledger — certainly fits that description.
Any time you have too much entropy, you’re going to need to spend a lot of energy moving it somewhere else. My hot take: Bitcoin is basically converting dishonesty into CO₂. It’s simple physics...
Apart from being user-unfriendly as hell, currencies that run on the blockchain are energy hogs. Is there a way around this? Paul d'Aoust says that yes, many of the things to be done on the blockchain do not need the absolute consensus of a trustless system ... and he describes one that goes about it in a different way.
This was true throughout history, from the times when humans first started mining for gold on the African continent to the times of kings and warlords. The coinage of money – and in those times it was mainly precious metals – was a royal privilege … until we got industry and banking.
The Royals lost their best asset, the power to create money, to the banks. Even in the United States, where the power to create money was initially given to Congress, the bankers succeeded, with the 1913 Federal Reserve Act, to make the banks the ultimate arbiter of money creation …
la Educación a Distancia y la Educación Virtual, se produce como una necesidad inmediata en esto momentos de pandemia donde la enseñanza presencial se convierte en una enseñanza virtual, aprovechando los avances que las Nuevas Tecnologías ofrecen al campo educativo. Por tanto debemos aprender las herramientas básicas para aplicar en la enseñanza aprendizaje y poder innovar a las herramientas como sigue: padlet, jamboard, scrative, Google classrom, genially, classcraft, kahoot, etc.
Once we realize that money is credit, and that it is in our power to give or withhold it, we can take back control of the exchange process and our government.
- Thomas Greco
Think for a moment about the basic necessities of life. One can live only a few minutes without air, a few days without water, and a few weeks without food. We also need shelter from the heat and cold, from rain and snow and sun. We need energy–gas, oil, electricity–to warm us when the weather is cold and to cool us when it is hot, to help us do our work and enable us to move about.
And how do we acquire those things? Air is still freely available, although it may not always be clean or healthy to breathe. Water is increasingly not free, even if we draw it from the kitchen faucet, and all of those other necessities, we depend upon others to provide. But at every turn there is someone with an outstretched hand saying, “Pay me.” The point is that there is another element that we are utterly dependent upon–MONEY!
"Once we realize that money is credit, and that it is in our power to give or withhold it, we can take back control of the exchange process and our government."
Catherine Austin Fitts talks at Hillsdale College about the Danger of Central Bank Digital Currencies. The discussion of CBDCs starts at around 18 minutes into the talk.
After explaining how CBDCs will bring in a level of control over our lives that is nothing short of tyrannical, she says
“… remember, we don’t have a financial problem. What I would tell you is that if we were free to re-engineer the federal flows and come back into compliance with the law, particularly with the blessings of new technology, the wealth on this planet could be so many multiples of what it is now that words cannot express to you how expensive tyranny is.
It is a miracle that we have done this well despite the drain of the tyranny. It’s quite remarkable and if you look at all the simulations I’ve done of the federal finances over the last 20 and 30 years, you know, the price of tyranny is beyond what any of us can imagine. So if we can turn this around, the opportunity is there. There is no financial problem at the root of this. It’s a political problem, it’s a governance problem.”
A digital control grid is being set up as we move towards CBDCs and Crypto. Do we want a tyranny of the Central Bankers? How bad would it be? Listen to Catherine Fitts here...
Money is a relative system of power, not an absolute system of stuff
"When we see money as a thing with value, we often mistakenly imagine it in absolute terms, as if value resided within it like a substance. In this view, a person with a billion dollars is like Pooh Bear with a giant pot of honey.
It would follow that if everyone was a billionaire, we’d all be like Pooh Bears with giant pots of honey."
A thought provoking article from Brett Scott. See the whole thing here ...
Ultimately, crypto players’ elite composition, affiliations and publicly-expressed intentions to set digital financial industry standards showcase their intense interest in obtaining power over the financial system. As such, their participation in CBDC development only suggests an effort to ensure their infrastructure is cemented in the tech facilitating the worlds’ financial transactions. This must be understood as a power grab in its own right.
What’s more, CBDC pilots, where private players’ technologies are being utilized for critical CBDC infrastructure, demonstrates that CBDCs are fundamentally public-private concoctions, where sketchy, elite-gilded groups facilitate the tech underpinning the digital currency partially or fully imposed on the wider population in the event of global CBDC rollouts: a full fledged, perhaps permanent union of the state and the corporate world.
Crypto players are hustling to be 'the ones', their platform underpinning a global payment system and ultimately to hand central banks the golden key for their CBDCs, paradoxically helping to enable close financial surveillance and control over everyone's lives.
Author of 'The Creature From Jekyll Island' G. Edward Griffin warns that rapidly expanding government debt and the coming collapse of the financial system will lead to unimaginable losses that threaten to wipe out millions, if the people don't stand up and do something about it.
00:00 Introduction 01:05 What Inspired 'The Creature From Jekyll Island'? 10:17 Global Concentration of Wealth 16:05 Bank Bailouts Are Built Into the System 20:57 Danger of Central Bank Digital Currency 22:58 How to Protect Our Wealth and Freedom 33:59 Importance of Gold and Silver 39:28 Could We Return to a Gold Standard?
#federalreserve #thefed #bankingcrisis
Sepp Hasslberger's insight:
G. Edward Griffin, author of "The Creature from Jekyll island" emphasises that it is important to get involved at the grassroots political level, if we are to have a chance of preventing the worst.
Ovidiu Craciun recently messaged me with a proposal to overcome Bitcoin's limitations on broad acceptance and application of Bitcoin as a currency, rather than a speculative asset, saying:
"I saw you were one of the first to interact with Satoshi and recognize back then in the early days the amazing potential bitcoin has. that is why I would like to bring to your attention this proposal which enhances bitcoin by responding to its non-elasticity problem:
I would love to hear your thoughts/critique on it."
My reply was:
"Hi Ovidiu, thank you for your message. I have read the proposal of building a commercial superstructure on top of the Bitcoin ecosystem. It does sound interesting if you're into saving Bitcoin from oblivion, although i'm somewhat skeptical about adoption of this. Seems a bit complicated as does seem the whole idea of Bitcoin. In my view, the flaw sits in the original.
Satoshi was, at the time of publication of his white paper, clearly unable to recognize the importance of a currency to follow the size of the market it serves, or to work out a solution to that problem, and so Bitcoin turned into an investment/speculation vehicle, rather than a currency. That basic limitation is still part of Bitcoin, and I am not so sure that a real currency can be built on top of that speculative system.
There are other drawbacks, such as the excessive energy use necessary to keep it going at all, and the time limitations on block approvals which won't go away.
I see Bitcoin as a proof of concept technology that has gone further than originally intended. To build on top of that may alleviate some of the symptoms but I'm somewhat skeptical of its ability to "heal" the flaws in the original.
Kind regards
Sepp"
Sepp Hasslberger's insight:
I have followed Bitcoin (from a distance) since its inception in 2009. After a brief interaction with Satoshi at the time, I decided Bitcoin did not have the essential ingredients of a currency of universal application. I am still of that opinion.
G. Edward Griffin, probably best known as the Author of "The Creature from Jekyll Island", has come out against Central Bank Digital Currency and the cashless society that is a consequence of CBDCs,
Cash gives people autonomy. It allows them to be independent of others. Griffin warned against a cashless society and said, “We will not survive the system by figuring out how to hide from it,” and added, “Our lives and our freedom are at stake here."
Two videos - you will find them at the following link:
G. Edward Griffin, probably best known as the Author of "The Creature from Jekyll Island", has come out against Central Bank Digital Currency and the cashless society that is a consequence of CBDCs
The BRICS countries (Brazil, Russia, India, China, and South Africa) are in the process of developing their own currency that will be presented at the organization’s upcoming summit in South Africa.
Following the US Federal Reserve’s sharpest tightening in monetary policy in decades, India has offered its currency as an alternative for trade to nations that are experiencing a shortage of dollars. The eighteen countries that have agreed to use India’s rupee as an alternate reserve currency include Botswana, Fiji, Germany, Guyana, Israel, Kenya, Malaysia, Mauritius, Myanmar, New Zealand, Oman, Russia, Seychelles, Singapore, Sri Lanka, Tanzania, Uganda, and the United Kingdom. Meanwhile, the BRICS countries (Brazil, Russia, India, China, and South Africa) are in the process of developing their own currency that will be presented at the organization’s upcoming summit in South Africa.
New Zealand tech CEO, Kim Dotcom did the math on the United States’ sovereign debt and he tweeted a thread about it, saying it may the most important thread that he may ever make.
Kim explains that US spending and debt have spiraled out of control and the Government can only raise the money it needs by printing more of it, which means that hyperinflation is guaranteed.
He says this has been going on for decades and there’s no way to fix it and that the US got away with this for so long, because US dollar is the world’s reserve currency.
When the US Government prints trillions, it is thereby robbing Americans and the entire world in what he calls the biggest theft in history.
He says the total US debt is at $90 trillion, which together with $169 trillion in US unfunded liabilities totals $259 trillion, which is $778,000 per US citizen or $2,067,000 per US Taxpayer.
Now, the value of all US assets combined: every piece of land, real estate, all savings, all companies, everything that all citizens, businesses, entities and the state own is worth $193 trillion.
Is it possible that US politicians and finance administrators "didn't know" they were horribly overspending, or is it a matter of having to destroy the present before being able to call in the new deal, the great re-set.
It’s a true universal basic income, given to everyone in two test neighborhoods in Barcelona, regardless of earnings.
Catalonia is planning a two-year pilot program that the regional government hopes to implement by December 2022. Different from the many targeted basic income pilots popping up around the world, it will be truly universal, giving money to every resident in a chosen community, regardless of income bracket.
“The current pandemic and the government’s response has created a proper scenario for expanding the idea of basic income,” says Sergi Raventós, who’s running the Pilot Plan for the Basic Income of the Generalitat de Catalunya.
Though the payout hasn’t been confirmed, the pilot is considering 900 euros (about $1,000) per month for a single person, perhaps scaled to 1,350 euros (about $1,500) for a two-person household, for 5,000 individuals over the course of two years—and it’ll be funded entirely by the Catalan government, not by private individuals or nongovernmental organizations.
“We want to test a real policy,” Raventós says, “not a philanthropic millionaire’s one-off venture.”
So in Spain, the autonomous region of Catalonia is doing its own universal basic income pilot, one that gives the money to all, regardless of their financial status. Should be interesting to compare with other programs that are going on but that are targeted exclusively for those who can prove they are poor.
A virtually unregulated investment firm today exercises more political and financial influence than the Federal Reserve and most governments on this planet.
The firm, BlackRock Inc., the world’s largest asset manager, invests a staggering $9 trillion in client funds worldwide, a sum more than double the annual GDP of the Federal Republic of Germany.
This colossus sits atop the pyramid of world corporate ownership, including in China most recently. Since 1988 the company has put itself in a position to de facto control the Federal Reserve, most Wall Street mega-banks, including Goldman Sachs, the Davos World Economic Forum Great Reset, the Biden Administration and, if left unchecked, the economic future of our world. BlackRock is the epitome of what Mussolini called Corporatism, where an unelected corporate elite dictates top down to the population.
Too much concentration of financial power, where now governments are practically unable to rein them in. It's the economic side of the coup, the "great re-set" of the technocrats' planned take over...
“There are forces that affect people in the world that you must comprehend. You must gain an understanding of why people all think the same, why they have the same attitudes, why they use the same words and phrases, why they have the same responses, responses that do not come from Knowledge, why they hold to the same assumptions without question, why they follow one another blindly around, why they act mindlessly and foolishly and why they hurt themselves and other people.”Tom Christoffel
All of us need air, water, food, sleep, health, warmth, safety and security for our wellbeing.
But since the first BAU Revolution, corporate entities modelled on the “original corporate raider” have dangled wages as the means to how we may access basic necessities (and more) to grow their business empires...
Do you know what it means when the Managing Director of the IMF warns of a “new Bretton Woods moment?”
How about when the head of the BIS revels in the total surveillance power that digital currencies will afford the central bankers?
Well, you’re about to. Don’t miss this info-packed edition of The Corbett Report podcast where James peels back the layers of the great currency reset onion and uncovers the New World (Monetary) Order.
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This is so interesting. Any kind of official "adoption" of Bitcoin could change everything for international finance. It could even lead, in time, to an end run around the current extractive finance and banking system...