
“This isn’t the end of the road to totalitarianism, but I’m pretty sure we are in the home stretch. It feels like things are about to get ugly. […] So pick a side, if you haven’t already. But, before you do, maybe look back at the history of totalitarian systems, which, for some reason, never seem to work out for the totalitarians, at least not in the long run. I’m not a professional philosopher or anything, but I suspect that might have something to do with some people’s inextinguishable desire for freedom, and our willingness to fight for it, sometimes to the death. This kind of feels like one of those times.”
~ CJ Hopkins, Consent Factory: “The Road to Totalitarianism,” July 31, 2021
By Catherine Austin Fitts
This week, we finalize our 2nd Quarter 2021 Wrap Up by discussing our theme: CBDCs—Why You Want to Hold on to Your Cash with John Titus.
It is essential to understand the proposals underway. In my opinion, CBDCS (central bank digital currencies) are an essential part of the ongoing financial coup d’état which—if successful—will end constitutional government and human liberties in the U.S. and G7 nations. You need to take this seriously. If the existing plans are implemented for vaccine passports, you will not have to worry about how to manage your assets. It is possible that you may not have any assets. So, this is a topic well worth your attention and action.
If you are not yet practicing #CashFriday (or using cash every day) and talking to your local merchants about using the Silver & Gold Payment Calculator, you will certainly want to start after you learn more.
Please join me for the 2nd Quarter 2021 Wrap Up on CBDCs with John Titus.
In Let’s Go to the Movies, I recommend Children of Men, a 2006 movie about a dark future where humanity is facing its own extinction due to fertility issues.
This is the last week of the month, so there is no Money & Markets. You can e-mail your questions for Ask Catherine or post at the Money & Markets commentary here.
Please join me this Thursday, July 26, for the 2nd Quarter 2021 Wrap Up – CBDCs.
Talk to you Thursday!
Web Presentation
Our 2nd Quarter 2021 Wrap Up web presentation is a work in progress that grows as we publish our weekly segments. Solari Report subscribers can access it here. Use your Solari password to login.
Related Solari Reports:
2nd Quarter 2021 Wrap Up – News Trends & Stories, Part I
2nd Quarter 2021 Wrap Up – News Trends & Stories, Part II
2nd Quarter 2021 Wrap Up – Equity Overview & Rambus Chartology with Tim Caban
I wish I would have known about this information years ago. I’m learning as fast as I can. We all need to learn as fast as we can. Our constitutional democracy depends upon it.
The money today show creates a lot of connections for the cbdc and the crypto world.
https://www.youtube.com/c/MoneyTodayShow
Patrick Wood said the one thing that Technocrats fear is Congress. We must sound the alarm to everyone we can. The legislature (no matter who’s there) must never allow the CBDC to pass. Great job on this. Allows even the lay person (like me) to understand. Monetizing our data is one way to keep busy those “not in the inner sanctum”.
Have to stop the passports first. CBDC are dangerous. Passports will round us up and hook us into the CBDCS.
Hi Catherine,
Thank you so much for posting John Titus’ work! I find it so extremely helpful, and I would not have found it on my own. Plus, posting his videos on Solari is helpful; it is hard to watch them on YouTube as the algo keeps burying them, even if one types in the channel directly.
I understood something important from watching this 2nd Q CBDC wrap-up:
1. The ultimate goal is total control of all of us through the financial system (I agree)
2. Because of the overarching powers granted to health departments, the “pandemic” was set up, to put a precedent in place, that subsequently could be followed by bureaucrats with weaker mandates than health departments
3. The current policies identify, and in effect banish all independent thinkers as outlaws, which means that —
4. When the CBDC is in effect, independent thinkers will be invited to join, “you can travel, go to restaurants, theatre, concerts, be respectable again,” and we will all be so grateful that we will agree.
It is a very effective technique, I’ve used it in horse training with “independent” horses, it only takes about ten minutes of being separate from the herd for a horse to see me as his leader.
Thanks so much for helping me see this, it makes the world make more sense . . . and honestly, even knowing all that I know, it might work on me . . . we need to develop local currencies and exchange, in parallel with this CBDC system?
Yes. Local currencies and exchange. We can no longer permit financial monopolies.
Hello,
Excellent report! Bravo!
Highly important and very well presented by the both of you! Thank you so much for this. I wish I had more time so I could research every piece of evidence mentioned and pointed out but for now I’ll have to settle with this while waiting for the print to arrive.
My comments and time reference are based on the audio-only version since the Solari European Video Server gives the error “No video with supported format and MIME type found.”
FYI I have some fairly unique and deep knowledge into the specifics of some of the existing blockchain implementations that in my opinion could be highly effective if used by Mr. Global to force centralized control into the system.
At 45min20sec John starts talking about validation of the currency and that there are basically two ways of doing this. One path relies on private/public keys and the other relies purely on trust based on validations of identity and an “account”.
What I would like to add to this discussion is that there already are blockchain software existing today (eosio – used on for example EOS, WAX, Ultra, … and so on…) that uses accounts instead of pure private/public keys. The default account structure in eosio is actually extremely well thought through and would be close to perfect for the controlling class to implement a system like this.
Each account has a “owner” permission and a “active” permission.
The owner permission could be controlled by the PSP (unless users need to be able to exist on multiple PSP-chains (two bank accounts); then the backing blockchain would likely control the owner permission (meaning BIS? could be granted full control of all users accounts). The user could control the active permission (allowing it close to full control over the account – except that it cannot replace the owner permission (I’m simplifying this to make it easy to understand)).
If we assume the entity controlling the backing blockchain is the BIS and they want full control, while allowing limited control to the PSP this could be handled by adding custom permissions with access to certain actions (methods) on specific smart contracts (components).
Each intermediary (PSP) could be set up to use their own blockchain, utilizing something like IBC (inter-blockchain communication) to settle transactions on a backing blockchain. To be able to verify the hashes of the transactions this would almost certainly require that the backing settlement blockchain have full transparency into the PSPs blockchains – while the PSPs have to trust what is happening on the backing settlement blockchain. This could be twisted into “respecting personal privacy” while centralizing collection of all data from all chains.
This would be very similar to the way the social media capitalizes on private data today just like John said (around 44min:30s) where the NSA scoops up everything (BIS?) and still allows the private entities to sell their share of the data (PSPs).
This implementation would basically allow for unlimited amounts of world-wide PSPs – all using the same backing blockchain (and token(s) if that is a wish). Each PSP (or country) could be allowed to usher some control over their “local” economies – while the ultimate power rests extremely centralized. “Who can shop where”, transaction fees and conversion rates could be managed centrally (or on it’s own chain for simplicity and to make sure the managers of these have no access to the actual transaction data).
From the users perspective we could still be using our own “local currencies” (as long as they are blockchain based) which then automatically settles against the backing blockchain in the background allowing BIS? full control.
I would absolutely be available to jump on a call if either John or Catherine would like more information regarding this or similar tech-related topics.
(I tried dumbing it down for non-techies but not sure how well I succeeded.)
I am trying to understand blockchain technology and the little I know at this point is there are apparently several private blockchains wherein the data of purchasers of goods or services buying from exchanges within the blockchain is kept private. Transactions can be settled in different forms of payment such as crypto currencies, or tokens or cash. One such blockchain I am familiar with settles with the seller through PayPal –which concerns me. What interests me is the privacy of personal data.
BIS is running a survey (3 days left) on corporate digital identity. A reminder that humans won’t be alone on the blockchain. Worth a look.
https://twitter.com/gleif/status/1432350028144775168?s=21
Thanks, Rich. Good one.
Catherine & John:
That was a very useful presentation and discussion!
Describing subscribers as “Risk Managers” was also a wonderful observation. When I jumped in, I was way over my head but managing the risk is a great way to describe why I jumped in.
Using the phrase “the passport is the trap” helped put pieces in place to talk with other people. You are very good at taking complex topics (which take many books and hours to understand) and boiling it down to a more simple way to communicate it.
Every avenue of investigation (and Solari covers many, many avenues) brings me back to who’s your farmer? Where does your food and water come from? Simple but effective and you can talk to most people about it.
Always looking for ways to talk about these things without scaring people off…it’s been a long learning curve.
Personally I can’t drop the feeling that the vaccine is a trap in itself as well.
I might have missed something disproving this – but to me the people who early on in the Plandemic were stating that one of the goals with the vaccine (or at least one of the “side-effects” that happens to some of those who get injected) would create a world where people need the future shots just to survive the common cold and influenza (because their immunity has been ruined by the shots).
Not to even mention all the other terrible effects that the doctors like Dr. Ryan Cole and Bhakdi are talking about.
The vaccine, in part, is a depopulation program. The Central Bankers would love nothing more than reducing the amount of people they have to “manage” … and thus, reduce their risk.