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Central Bank Digital Currencies (CBDC) are coming. And they’re coming much faster than most people care to think about. Are you ready?

At the moment, roughly 90 central banks – including the European Central Banks and the Federal Reserve – are either experimenting with, or are in varying stages of CBDC implementation. Moreover, these CBDC friendly central banks include all G20 economies. And together, represent more than 90 percent of global GDP.

What’s important to understand is the adoption of a CBDC in your country of residence would accompany the abolition of cash. This would be for your own good, of course. To eliminate nefarious transactions and black markets.

If you value financial privacy and the liberty to spend your money as you please, then the rapidly approaching rollout of CBDCs is a major red flag. Compulsory use of a CBDC, like a digital dollar for example, would give central planners complete oversight and control over your finances.

You see, under a CBDC regime – free of cash – all of your transactions would be subject to government surveillance. All remnants of financial freedom, privacy, and anonymity would be destroyed. But that’s not all…

CBDCs would allow control freak, power mad central planners to do much more than spy and surveil your financial transactions. CBDCs would allow them to control how and when you spend your money.

This may sound crazy to a sane person, who operates with a modicum of modesty and integrity. But, in truth, this is one of the main intents of CBDCs. In fact, several years ago Bank for International Settlements General Manager Agustin Carstens outlined the extraordinary powers CBDCs would afford central planners. Here are the particulars from Carstens himself:

…click on the above link to read the rest of the article…

Don’t Underestimate How Badly The Powerful Need Control Of Online Speech

January 17, 2022

Don’t Underestimate How Badly The Powerful Need Control Of Online Speech

Seems like almost every day now the mass media are blaring about the need for speech on the internet to be controlled or restricted in some way. Today they’re running stories about Joe Rogan and Covid misinformation; tomorrow it will be something else.

The reasons for the need to control online speech change from day to day, but the demand for that control remains a constant. Some days it’s a need to protect the citizenry from online disinformation campaigns by foreign governments. Sometimes it’s the need to guarantee election security. Sometimes it’s the need to eliminate domestic extremism and conspiracy theories. Sometimes it’s Covid misinformation. The problems change, but the solution is always the same: increased regulation of speech by monopolistic online platforms in steadily increasing coordination with the US government.

It’s actually pretty comical at this point, once you notice it. It’s like if you had an expensive Prada bag that your friend really coveted and she was always making up excuses to try and take it home with her. “Gosh I’m carrying all these small objects and I have nothing to carry them in!” “You’re going on vacation? I’ll look after your Prada bag for you!” “Oh no you slipped and now you’re clinging to a cliff’s edge! Quick! Throw me your Prada bag!” Once you know what they’re actually after, their attempts to obtain it look clownish and silly.

Whenever I talk about how the immense power structure which the mass media serves and protects has a desperate need to control online speech, I’ll always get a few people objecting that the powerful don’t care about what ideas and information the ordinary riff raff share with each other on internet forums. They just do what they want regardless of public opinion, like Greek gods on Mount Olympus.

…click on the above link to read the rest of the article…

Another Chinese City Goes Into Lockdown Over Omicron

January 11, 2022

ANOTHER CHINESE CITY GOES INTO LOCKDOWN OVER OMICRON

A major Chinese city near Beijing has placed its 14 million residents on partial lockdown after 40 children and adults tested positive for COVID-19, including at least two with the omicron variant. Remember when this scariant was first announced that it was “mild,” according to “scientists,” so what exactly is the justification to lockdown 14 million people for 40 cases of this cold?

It’s hard to say what the motivation is here other than fear and panic the masses into blind obedience to their rulers. The real issue with Tianjin being locked down is that it’s a major port in China. With the supply chain already devastated and reparation of it seems still so far in the future, this could be a problem on a global scale. The mainstream media in the United States says this is China’s first local outbreak of omicron of any size, less than a month before the Winter Olympics open in nearby Beijing.

According to a report by ABC News, buses and trains from Tianjin to Beijing have been suspended and people are being told not to leave the city unless they have pressing business. The city began mass testing of all its residents on Sunday after a cluster of 20 children and adults tested positive for COVID-19, including at least two with the omicron variant. Another 20 people tested positive on Sunday, bringing the total to 40. Officials said earlier that the virus has been circulating so the number of cases could rise.

…click on the above link to read the rest of the article…

Today’s Contemplation: Collapse Cometh XXXVI

December 22, 2021

Today’s Contemplation: Collapse Cometh XXXVI

On Narrative Control and ‘Fact Checking’

One of the areas of interest for me as I weaved my way through my ten years of formal post-secondary education (yes, I spent the entire decade of the 1980s pursuing four degrees at several different universities; some of it part-time as I waffled between education and full-time work for relatively good pay in a grocery store) was that of epistemology (the nature and origins of ‘knowledge’). It was likely the result of some of my required readings: Stephen Jay Gould’s Ever Since Darwin, Thomas Kuhn’s The Structure of Scientific Revolutions, and Clifford Gertz’s The Interpretation of Cultures. Regardless, I ended up exploring (outside of my regular classes) such topics as deconstructive criticism, hermeneutics, and philology; interesting topics for someone who ended up teaching elementary school students (10 years) and as a school administrator (15 years).

Upon reflection, this exploration of how humans come to ‘know’ what they know (or at least what they believe) has led me to be rather skeptical of dominant narratives, especially of ‘authority figures’. My challenging of ‘authority’, as it were, may have come somewhat ‘naturally’ given I grew up in the household of a police officer. Not that I consider my dad to have been ‘authoritarian’, not at all, but the somewhat ‘natural’ pushback children can give to parents was slightly coloured in our household by the simple fact that my dad was a sociocultural authority figure on top of his role as a father.

Anyways, I believe I have always questioned to a certain extent the ‘popular’ stories we are exposed to. And as I’ve read more widely over the years, I’ve come to hold that these stories tend to always play to the pursuits of the people that dominate society’s economic and power structures.

…click on the above link to read the rest of the article…

Propaganda: the Doom of the Western Empire

December 7, 2021

Propaganda: the Doom of the Western Empire

This painting by Konstantin Vasiliev (1942-1976) celebrates the great patriotic war of 1941-1945 (Вели́кая Оте́чественная война́). It is a good example of Soviet propaganda at its best. But, on average, propaganda in the Soviet Union was primitive and heavily based on censorship, eventually turning out to be unable to keep together the Union in a moment of crisis. In the West, propaganda was much more sophisticated and, for a while, it managed to convince Western citizens that they were told the truth by their governments. That phase is now over and the Western propaganda system has reverted to a fully “Soviet-style” censorship system. With this development, the Western Empire may well have sealed its doom: no government can survive for long if the people it rules don’t believe in it.

“The devil’s finest trick is to persuade you that he does not exist.” Charles Baudelaire

I distinctly remember when I was a child and my father saw me reading a small book illustrated with images showing red flags, sickles, and hammers. Worried, he took it from my hands, looked at it, and gave it back to me. “It is all right,” he said. “It is our propaganda.”What I had in my hands was an anti-communist pamphlet of the 1960s, issued by the Christian Democratic party. I remember it well, it was full of images of evil Soviet Communists slaughtering their own dissidents, part of the general anti-communist propaganda in Italy of the post-war period.

At that time, it was still fine to state openly that something was propaganda. And it was normal in a bi-polar world to be expected to believe in the propaganda issued by one’s political side while despising the symmetrical propaganda issued by the other side.

…click on the above link to read the rest of the article…

The Climate Crisis & More Propaganda

December 4, 2021

The Climate Crisis & More Propaganda

QUESTION: How can you be against climate change when every world leader has been convinced and 97% of all scientists say you are wrong?

ANSWER: Climate always changes and it has done so for millions of years without soccer moms driving the kids in SUVs. It is just propaganda. Governments have adopted this as the excuse to impose political change. The United Nations uses it to further their own position that we need a one-world government to save the planet. They created a clock in New York to say we have only 7 years left before the planet dies.

Here is the data from the government itself and it shows no change in the trend whatsoever to support a perilous cliff for us 7 years from now. This is a chart of only January which is one of the coldest months of the year. The highest average remains that of 1932 and the Dust Bowl. There is absolutely no indication of a warming trend whatsoever. It is snowing in Hawaii right now. Temperatures in Siberia have broken all records dropping to minus 140°F where people may just freeze to death. Even the Northwest Passage was still frozen in August. Even looking at the entire Antarctic continent, this winter of 2021 is already the second-coldest on record as reported by the propaganda network – CNN.

This is not my personal opinion. I am closer to my expiration date than my birth date. I do not even sell advertising on this site because I do not need the money. What I do is for my grandchildren. I really do not care if you believe me or not…

…click on the above link to read the rest of the article…

How Long Can Lies & Control Supplant Reality & Free Markets?

November 9, 2021

How Long Can Lies & Control Supplant Reality & Free Markets?

The facts of surreal yet broken (and hence increasingly controlled and desperate) financial markets are becoming harder to deny and ignore. Below, we look at the blunt evidence of control rather than the fork-tongued words of policy makers and ask a simple question: How long can lies & control supplant reality?

The Great Disconnect: Tanking Growth vs. Supported Markets

It’s becoming harder to keep up with the increasingly downgraded GDP growth estimations from the Atlanta Fed.

As recently as August, its GDPNow 3q21 estimates for the quarterly percentage change was as high as 6%.

But within a matter of weeks, this otherwise optimistic figure was cut embarrassingly in half.

Last month their GDP forecast sank much further to 0.5%, and as of this writing, it has been downgraded yet again to 0.2%.

Needless to say, 6% estimated growth falling to effectively 0% growth is hardly a bullish indicator for the kind of strengthening economic conditions which one might otherwise associate with risk asset prices reaching all-time highs for the same period.

The current ratio of corporate equities to GDP in the U.S. (>200%) is the highest in history.

Markets are at an all-time high according to the buffett indicator

This growing yet shameful disconnect between market highs and economic lows is getting harder to explain, ignore or deny by the architects of the most artificial, rigged and dishonest market cycle in modern history.

In short, it is no longer even worth pretending that stock markets are correlated to such natural measurements as natural supply & demand or a nation’s economic productivity.

After all, who needs GDP in the New Abnormal?

By now, even Fed doublespeak can’t hide the fact that the only market force which the post-08 markets require is an accommodative central bank—i.e., a firehose of multi-trillion liquidity on demand.

The S&P 500 rises with central bank assets.

But as for this most recent GDP downgrade, it is being blamed on tanking US export data.

…click on the above link to read the rest of the article…

Weekly Commentary: Losing Control

November 1, 2021

Weekly Commentary: Losing Control

Tesla’s market capitalization surpassed $1.1 TN this week, the first junk-rated company with a trillion-dollar valuation. Now the richest individual in the world, Elon Musk’s wealth this week reached a staggering $300 billion. The S&P500, Dow, Nasdaq100, and Nasdaq Composite ended the week at all-time highs. Microsoft retook the top spot as the world’s most valuable company.

October 29 – Reuters (Gaurav Dogra and Patturaja Murugaboopathy): “U.S. equity funds attracted large inflows in the week to Oct. 27… According to Lipper data, U.S. equities funds attracted investments worth a net $12.99 billion, which were the largest since the week to Aug. 18.”

Plenty to divert attention away from critical global market developments. Ominous Bond Market Convulsions.

October 28 – Reuters (Wayne Cole): “Australia’s central bank on Friday lost all control of the yield target key to its stimulus policy as bonds suffered their biggest shellacking in decades and markets howled for rate hikes as soon as April. An already torrid week for debt got even worse when the Reserve Bank of Australia (RBA) again declined to defend its 0.1% target for the key April 2024 bond, even though its yield was all the way up at 0.58%. Scenting capitulation, speculators sent the yield sky-rocketing to 0.75% while yields on three-year bonds recorded their biggest monthly increase since 1994. All eyes were now on the RBA’s policy meeting on Nov. 2 where investors were wagering it would call time on yield curve control (YCC) and its guidance of no rate rises until 2024.”

October 29 – Financial Times (Hudson Lockett and Tabby Kinder): “The Reserve Bank of Australia declined to defend its bond-yield target, a pillar of its quantitative easing programme, unleashing what one trader described as ‘carnage’ in the country’s sovereign bond market…
…click on the above link to read the rest of the article…

Deleted Government Report Celebrates How Public Loves to “Conform”

October 24, 2021

Deleted Government Report Celebrates How Public Loves to “Conform”

Climate change technocrats plan on using same methods that convinced public to obey lockdown.

Alex Segre via Getty Images

A deleted government report exploring how to make the public alter its behavior to accept the new ‘green economy’ reveals how COVID-19 restrictions have created a population with a “deep set reverence” for authority and a “powerful tendency to conform.”

The report was inadvertently published by the British government before being hastily pulled down, but numerous journalists were able to retrieve its contents.

The document explored how to weaponize behavioral psychology to ‘nudge’ the public into supporting measures and adopting behavior without them explicitly knowing they’re being manipulated.

The investigation found that the same techniques the government used to force people into accepting lockdown could be used to make them change their lifestyles in the name of preventing climate change.

Under the heading “principles for successful behaviour,” the paper noted;

“Government statements, actions and laws powerfully shape perceptions of normative and acceptable behaviour. For instance, even with public criticism being high, many still perceived government approval as the yardstick for safe behaviour during COVID-19 ‘we’re allowed to do this now [so must be safe]…’. This reveals, for many, a deep set reverence for legitimate government authority, regardless of one’s personal political views.”

While PR stunts such as having officials vaccinated live on television worked to convince people of the narrative, elite hypocrisy (public officials violating lockdown rules) was found to cause significant damage to public trust.

“Perceived hypocrisy can do a lot to undermine efforts to build public engagement and support. This was observed during the COVID-19 pandemic when prominent authority figures broke guidelines, leading to measurable reductions in public compliance as well as shifting attitudes.”

…click on the above link to read the rest of the article…

We Are Ruled By Apes With PR Firms: Notes From The Edge Of The Narrative Matrix

October 23, 2021

We Are Ruled By Apes With PR Firms: Notes From The Edge Of The Narrative Matrix

Listen to a reading of this article:

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So yeah basically we’re watching sociopathic oligarchs shore up more and more control over the global population and our electoral systems are rigged to prevent us from doing anything about it and our information systems are stacked to prevent mass-scale direct action against it.

You can’t vote your way out of a problem you never voted your way into in the first place. You can’t have a revolution while everyone is being successfully propagandized into accepting things as they are. Any solution is therefore going to have to come from somewhere they haven’t secured.

So we’re all just kind of watching this happen and hoping for what amounts to a miracle, or really a stack of miracles. What gives me hope is that I know humans have a lot of surprises within themselves that they haven’t even begun to explore yet. We might just get some miracles.

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The behavior of global oligarchic power structures makes a lot more sense when you see that it’s not as much a lucid elite conspiracy as it is a few barely-conscious humans compulsively acting out psychological dynamics within themselves that they don’t really understand. Elite conspiracies happen to be sure, but what’s ultimately driving them is not a complete and coherent vision for the future which takes all things into account but rather the simple egoic impulses of barely-evolved primates blindly trying to shore up control like chimps asserting dominance.

The sociopaths who rule our world are no more conscious of their own inner processes than your average serial killer…

…click on the above link to read the rest of the article…

The Drivers Of Empire Want To Rule As Greek Gods

October 20, 2021

The Drivers Of Empire Want To Rule As Greek Gods

Listen to a reading of this article:

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Power is the ability to control what happens. The more control you have, the more powerful you are.

That’s why power is like crack for the ego. Egos are all about control; obtaining safety and security so as to ensure the survival and success of one particular human organism. The impulse to exert control over our surroundings is why our recently-evolved brains create egos in the first place.

The more tightly clenched the ego, the greater the desire for control. This can manifest as trying to dominate one’s family and romantic partner with greater and greater totality. It can manifest as starting a cult. It can manifest as trying to shore up massive amounts of wealth. And it can manifest as the pursuit of power.

Those who rise to positions of power tend to be those who’ve placed the pursuit of it above all else, or to have been trained since birth to prioritize power by the powerful families they’re born into. This is especially true in the giant globe-spanning power structure that is loosely centralized around the United States.

The loose alliance of plutocrats and government agency insiders who rule this giant empire pursue power above all else. For all the historically unprecedented power these imperial oligarchs have, it’s still not enough for them.

Their objective is to control everything that happens in any nation on earth; to ensure that everything that occurs on this planet serves them and their interests. That’s what absolute power would look like.

The imperial oligarchs wish to rule our world as Greek gods from Mount Olympus. If any population on earth disobeys them, they want to be able to cause sweeping famines in that nation, or rain down fire upon them from on high. They want to be able to control not just how all humans behave, but how they think as well.

And, for the most part, they absolutely can do this. The drivers of empire can inflict famines upon entire populations by imposing starvation sanctions upon them using their control over international financial systems. They can rain down fire upon any disobedient population using the most powerful military force ever assembled. They can control the way we think, act, spend, consume, and vote to ensure it serves their interests, and their control over our minds is continually advancing.

…click on the above link to read the rest of the article…

Who Really Controls the World?

October 19, 2021

Who Really Controls the World?

Since I entered politics, I have chiefly had men’s views confided to me privately. Some of the biggest men in the United States, in the field of commerce and manufacture, are afraid of something. They know that there is a power somewhere so organised, so subtle, so watchful, so interlocked, so complete, so pervasive, that they better not speak above their breath when they speak in condemnation of it.
– Woodrow Wilson, 28th President of the United States (1856-1924)

So you see, my dear Coningsby, that the world is governed by very different personages from what is imagined by those who are not behind the scenes.
– Benjamin Disraeli, British Prime Minister
(1804-1881)

The advent of the industrial revolution, the invention of a banking system based on usury, and scientific and technological advancements during the past three centuries have had three major consequences. These have made the incredible concentration of wealth in a few hands possible, have led to the construction of increasingly deadly weapons culminating in weapons of mass destruction, and have made it possible to mould the minds of vast populations by application of scientific techniques through the media and control of the educational system.

The wealthiest families on planet earth call the shots in every major upheaval that they cause. Their sphere of activity extends over the entire globe, and even beyond, their ambition and greed for wealth and power knows no bounds, and for them, most of mankind is garbage – “human garbage.” It is also their target to depopulate the globe and maintain a much lower population compared to what we have now.

…click on the above link to read the rest of the article…

It Takes A Lot Of Education To Keep Us This Stupid

October 17, 2021

It Takes A Lot Of Education To Keep Us This Stupid

Listen to a reading of this article:

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The oligarchic empire is working harder and harder to bolt down our minds in service of its agendas.

Silicon Valley is working more and more openly in conjunction with the US government, and its algorithms elevate empire-authorized narratives while hiding unapproved ones with increasing brazenness.

The mass media have become so blatantly propagandistic that US intelligence operatives are now openly employed by news outlets they used to have to infiltrate covertly.

NATO and military institutions are studying and testing new forms of mass-scale psychological manipulation to advance the still developing science of propaganda.

A transparently fake “whistleblower” is being promoted by the US political/media class to manufacture support for more internet censorship and shore up monopolistic control for institutions like Facebook who are willing to enforce it.

Wikipedia is an imperial narrative control operation.

They’ve imprisoned a journalist for exposing US war crimes after the CIA plotted to kidnap and assassinate him.

The powerful work so hard at such endeavors because they understand something that most ordinary people do not: whoever controls the dominant narratives about the world controls the world itself.

Power is controlling what happens; absolute power is controlling what people think about what happens.

If you can control how people think about what’s going on in their world, if you can control their shared how-it-is stories about what’s happening and what’s true, then you can advance any agenda you want to. You’ll be able to prevent them from rising up against you as you steal their wealth, exploit their labor, destroy their ecosystem and send their children off to war. You can keep them voting for political institutions you own and control. You can keep them from interfering in your ability to wage wars around the world and sanction entire populations into starvation to advance your geostrategic goals.

…click on the above link to read the rest of the article…

One Ring to Rule Us All: A Global Digital Fiat Currency

October 10, 2021

One Ring to Rule Us All: A Global Digital Fiat Currency

We’ve written extensively about the “war on cash.” In a nutshell, governments would love to do away with cash in order to better track and control their citizens. There have been numerous moves closer to a cashless society in recent years, from capping ATM withdrawals to doing away with large-denomination bills. Last year, China launched a digital yuan pilot program and the US has floated moving toward a digital dollar.

We got a first-hand look at what happens when governments restrict access to cash when India plunged into a cash crisis after the country’s government enacted a policy of demonetization in November 2016.

It’s bad enough that various countries are exploring ways to move toward cashlessness, but there’s an even worse scenario — a global digital currency.

Economist Thorsten Polleit compares it to the “master ring” in J.R.R. Tolkien’s classic Lord of the Rings.

The following article was originally published by the Mises Wire. The opinions expressed are the author’s and do not necessarily reflect those of Peter Schiff or SchiffGold.

1.

Human history can be viewed from many angles. One of them is to see it as a struggle for power and domination, as a struggle for freedom and against oppression, as a struggle of good against evil.

That is how Karl Marx (1818–83) saw it, and Ludwig von Mises (1881–1973) judged similarly. Mises wrote:

The history of the West, from the age of the Greek Polis down to the present-day resistance to socialism, is essentially the history of the fight for liberty against the encroachments of the officeholders. (1}

But unlike Marx, Mises recognized that human history does not follow predetermined laws of societal development but ultimately depends on ideas that drive human action.

…click on the above link to read the rest of the article…

Risk Was Never Low, It Was Only Hidden

October 4, 2021

Risk Was Never Low, It Was Only Hidden

The vast majority of market participants are about as ready for a semi-random “volatility event” as the dinosaurs were for the meteor strike that doomed them to oblivion.

Judging by euphoric gambler–oops I mean “investor”–sentiment and measures of volatility, risk of a market drop has been near-zero for the past 18 months. But risk was never actually low, it was only hidden. When it emerges, it’s a surprise only to those who mistakenly thought risk had vanished.

As Benoit Mandelbrot explained in his book The (Mis)behavior of Markets, crashes are an intrinsic feature of systems like stock markets. These risks are not generated by specific human actions or sentiment but by the system itself.

Just as humans make subconscious decisions and then conjure up quasi-rational justifications for their choice after the fact, market participants always conjure up some event or decision as the cause of the crash. Favorites include central bank policy error, black swan events (“bolts from the blue”), earnings surprises, technical levels were breached, and so on.

Mandelbrot’s insights reveal why markets crash without any policy error or other fabricated- after-the-fact justification: as those who witnessed the collapse of Japan’s massive credit-asset bubble in 1989-1990 observed, markets just stopped going up and started falling.

Risk is a reflection of many dynamics, but the key dynamic few participants seem to understand is the inherent instability of complex systems: surface tranquility is not an accurate reflection of the actual state of stability or risk, no mater how long the period of tranquility stretches.

The human mind rebels at the dominance of quasi-random crashes, as our hubris and need to be in charge generates an illusion of control:…

…click on the above link to read the rest of the article…

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