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Central Bank Digital Currencies (CBDCs) are being piloted by many governments throughout the world. In this video, Catherine Austin Fitts, President of Solari, Inc., explains the dangers of digitizing currency and what we can do to preserve our freedom.
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Ultimate Crypto Beginners Guide 2024? Let's discuss the cryptocurrency news for bitcoin, ethereum, solana, altcoins, & MORE!
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What is bitcoin? Explain ethereum like i'm five? Let's discuss the latest cryptocurrency news for bitcoin, ethereum, altcoins, & MORE!
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126 countries have met at BRICS‘ VI International Municipal Forum (IMF) in Moscow August 27-28 to discuss numerous topics including the abandonment of international trade in the U.S. fiat debt-backed dollar in favor of a BRICS commodity-backed currency.
BRICS is an acronym for Brazil, Russia, India, China and South Africa – the founding member states of the intergovernmental organization. Since its inception in 2009 numerous other member states have joined.
This is beyond important! In the globalist attempt to stop this from happening, they are forcing the world to leave the dollar. https://t.co/TqqLXi84tv
— Alex Jones (@RealAlexJones) August 29, 2024
Do people want central bank digital currencies, better known as CBDCs? Countries that have experimented with or launched digital versions of their respective currencies have witnessed little fanfare for these endeavors. Put simply, they are not appealing to the general public. Yet governments are still foisting them onto their populations, perhaps because they might be the greatest surveillance tool known to man.
It will not be much longer before BRICS fully de-dollarizes its membership ranks, and eventually the entire world.
At a meeting this week in Russia, BRICS announced that it has reached the “final stages” of its dedollarization mission, complete with a new payment system and new competing currency to the global reserve Federal Reserve Note (FRN), also known as the U.S. dollar.
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Sabotaging Small Banks
Resources exist that are said to be the property of society as a whole, things like water and air. Money should be one of those community resources.
Money is required to create and maintain a healthy, prosperous economy. Money should not be a privatized resource any more than water or air should be. One of the main reasons we establish government in the first place is we all need a way to protect the common resources from exploitation by selfish individuals. One of the most important duties of government is to provide a sound (honest) monetary system for the benefit of all not just a greedy few.
Last week I covered the fraud of "fractional reserve banking," the nifty little rule that bankers made up that allows them to claim they have SUBSTANTIALLY more money than they have. For example, if a banker has a million dollars in customer deposits, he gets to say he has ten million dollars. A banker can create nine extra million dollars just by making journal entries. Bankers do nothing to earn that nine million. They just say they have it and we allow them to get away with it. For those of you who missed last week's article, you can read it here.
This is the last in a series written on the workings of our fraudulent banking system. You can find part one here called, "You Can't Bank on the Bankers." You can find part two here called "The Single Largest Crime In World History . . . Bankers steal the sovereign right of nations to create money."
MONEY . . . it's arguably one of the most important resources in our lives and yet most of us have no idea what it really is or more importantly what it's supposed to be. Money is supposed to be a medium of value that allows for a free exchange of goods and services. Money can be anything people commonly recognize as valuable and desirable. Commodities like gold and silver have been used because they have always been recognized as being valuable, relatively rare, durable, easily divisible and readily accepted in exchange for goods and services. The basic idea of money is that it has tangible value that everyone will accept as payment for other items of value.
A group of GOP Senators led by Sen. Ted Cruz (R-Texas) have introduced legislation to ban Central Bank digital currencies (CBDC) from being implemented without approval from Congress first.
CBDCs are a digital form of a country’s currency, such as the American dollar, that is backed and controlled by a nation’s central bank. Digital currency advocates say it could improve payment efficiency and expand financial inclusion for populations with limited access to the financial system.
Critics argue that CBDCs have the potential to allow new levels of government interference in people’s finances, provide new avenues for government corruption, and even potentially destabilize the economy, among other concerns.
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