That if it’s centralized Banks controlling it particularly in countries where the centralized banks are not government run this is not technically governance by elected officials at that point this is governance by unelected officials within the financial sector the banks then in some regards become the government let me show you this
It says the Federal Reserve is sowing the seeds for its Central Bank digital currency again cbdc it may seem that the purpose of a cbdc is to facilitate transactions and enhance economic activity but cbdc’s are mainly about more government control over individuals if a cbdc were implemented the central bank would have
Access to all transactions in addition to being capable of freezing accounts it may seem dystopian something that only totalitarian governments would do but there have been recent cases of asset freezing in Canada and Brazil moreover a cbdc would give the government the power to determine how
Much the person how much a person can spend establish expiration dates for deposits and even penalize people who saved money because they want circulation of cash within the economy they don’t necessarily want you having money in the bank and having it you know stored up from when you need it
Further in they State again when you’re when you’re talking about I think credit there are forms of I think centralized and totalitarian you know crony capitalism it’s not it’s not a true free market this this is more like a tyranny of the banking infrastructure uh when essentially the infrastructure
Itself has created a cartel and that cartel can essentially use Capital as a means of totalitarianism as well uh you’re watching in reality technically what you would call syndicalism a emerging I think of technocracy and syndicalism syndicalism being essentially the tyranny of unions a type of socialism proposed where remember if
You get to the the nuts and bolts of Communism they talk about the idea of seizing the means of production the workers Revolution that does not necessarily have to be workers revolution in terms of taking over the governments that can also be a workers Revolution to seize the means of
Production through on through other means um I would say ESG environmental social governance represents a type of that and you’re watching now essentially the banking the banking system the union system which are no longer true unions because they’re deep they’re so deeply regulated where you know even even their
Ability to have General strikes is restricted by government they’re so deeply governed in other words that they’re basically just government branches at this point uh of course so business Banks businesses unions and you know non-profit entities like the ACLU and so on which have created a cartel
And that cartel is setting policies on you know money and businesses and using that cartel they’ve essentially found a way to put the entire economy or the entire capitalist structure the the means of production they found a way to seize those means right seize the means of production communism they found a way
To seize that and use it for socialist agendas it is it is a cartel a totalitarian cartel and the cbdc is the centralized banking digital currencies will give that cartel the ability of monitoring you meaning they can keep you in line they can enforce the ESG standards environmental social governance
Standards on businesses they can enforce it to some degree on investors the next step is enforcing it on you and remember they’re already talking about for example having you know your carbon footprint tax monitoring you and how you know how much how how in line you are with the green
Agenda they’ve already talked about re redesigning programs that will fine you money charge you money if you spread quote unquote misinformation in other words and and even as well regulating speech to an extent where they they will look at you if you’re spreading what they deem as racism and
That’s such a broad term these days it could mean anything they regard capitalism traditional capitalism is racist now you know just emphasizing how broad they’ve interpreted that Biden came out in fact yesterday they passed the The Marriage Act that made that forces churches to hold gay weddings and stuff
Biden came out and he’s saying that if you oppose this Biden came out and he merged the idea of anti-anti-semitism you know not liking Jews he merged that idea with somehow the trans movement and the homosexual movement and so if you’re against the idea of castrating children
You know you don’t think children should be castrated without the knowledge of their parents and so on that if you oppose that then you’re also an anti-semite and you know everything else into the under the under the you know Sun essentially they’re merging their narratives and as they’re merging their narratives
They’re creating the systems through which they can enforce it on you the centralized Bank digital currencies represent that that level of it The mises Institute says this they say in 2017 the international this is this is the rolling out of it folks let me explain to you I mean this is
This is important right this explains to you the the hour of the day so to speak the time we are in the hour has grown late it says here in 2017 the international monetary fund the IMF published a document offering suggestions to governments even in the face of strong
Public opposition on how to move toward a cashless society and the U.S is getting ready to establish its own cbdc or something similar the first step was taken in August when the FED announced the Federal Reserve announced fed now and fednow fed now fed now will be an instant payment
System and is scheduled to launch between May and July of 2023 fed now is practically identical to Brazil’s pix pix was implemented by the Central Bank of Brazil the BCB in November of 2020 it is a convenient instant payment system using mobile devices without user fees and a
Reputation is being safe to use with the reputation of being safe to use a year after its launch pix already had 112 million people registered or just over half the Brazilian population of course frauds and scams do occur over picks but most are social engineering scams and are not system flaws that is
They are scammed to exploit The public’s lack of knowledge of pix technology bear in mind that pix is not the Brazilian cbdc it’s different than centralized Bank digital currency it is just a payment system however the BCB the Brazilian Central Bank has access to Transitions made through picks therefore
Pi picks or pix can be considered a seed the seed for the Brazilian cbdc back just kind of laying that out essentially in other words Brazil is be has begun the first step in rolling out a cbdc the Pix system a digital payment system working through smartphones and
They’re noting that fed now the one for the United States is basically modeled in the same idea this is a precursor to the complete cbdc this is step one in other words they say it is already an invasion of the privacy of Brazilians and fed now is
Set to follow suit fed now is the one we’re going to get in the United States Additionally the New York fed Federal Reserve has recently launched a 12-week pilot program that this was that this is happening as we speak right now in fact with several commercial Banks to test
The feasibility of a cbdc in the U.S the program will use digital tokens to represent Bank deposits institutions involved in the program will make simulated transactions to test the system according to Reuters quote the pro the pilot program will test how Banks using digital dollar tokens in a
Common database can help speed up payments they’re not Banks involved in the pilot program include byn bny Mellon City HSBC MasterCard PNC Bank TD Bank truest U.S bank and Wells Fargo these are going to be your new government officials folks those Banks if this thing rolls out
Fully those are going to be your new government officials in some regards remember as we talked about yesterday that the idea of the great reset is multi-stakeholder capitalism it’s not going to be in other words government as we know it will change your your elected officials
Will no longer be the sole holders of power of governance it is going to be a multi-stake holder form of governance where you have the you have the circle of your normal government and the you know three branches of government on one side you’re going to have businesses on the
Other side investors controlling business and my and you know steering that whole ship alongside different different types of organizations such as the ACLU non-profit organizations advocacy groups you know environmental groups and so on you know I mentioned yesterday with the whole uh rolling out of the smart cities
They have like a hundred thousand partners that establishment in other words the establishment of unelected officials of woke capital of banks of businesses big Tech you’re zuckerbergs and your Googles and Facebooks of the world they are going to have to an extent government power through other means and the multi-stakeholder capitalist
Model multi-stakeholder capitalism is going to be tyranny through the manipulation of capitalism not true capitalism is in communism versus capitalism but instead cronyism which represents a type of merging of the capitalist system with the Socialist system a technocratic financial tyranny that is what they’re trying to create
