Theme:
Going Direct: The Global Reset:
- Refresh: Going Direct Time Line
- Update with John Titus
- BIS announces Strategic Partnership with Fed (New York) and Innovation Hubs with Bank of Canada (Toronto), Bank of England (London), ECB (Frankfurt & Paris) and Danmarks Nationalbank, Central Bank of Iceland, Central Bank of Norway abd Sveriges Riksbank (Stockholm). Already has hubs with Hong Kong Monetary Authority (Hong Kong), Monetary Authority of Singapore (Singapore) and Swiss National Bank (Switzerland). The BIS innovation hubs
- The Seven “Musts” of a Global Currency System
- Fed Buys 100 Bonds
- Skidmore Report – an Update
- Powell tells House Financial regarding plans with Mnuchin for Department of Reconciliation – but nothing on $65,000 per person missing
- Solari mapping of Minneapolis Looting: Click Here
- Wall Street on Parade: Citibank 2700 basis point arbitrage
The BIS Innovation Hub was established in 2019 to identify and develop in-depth insights into critical trends in financial technology of relevance to central banks, to explore the development of public goods to enhance the functioning of the global financial system, and to serve as a focal point for a network of central bank experts on innovation. Among the projects currently under way are explorations into the development of regulatory and supervisory technological practices, the global payment stack, tokenisation, digitalisation of the trade process and monitoring of fast-paced markets. The BIS’s Annual Economic Report 2020 contains a special chapter on central banks and payments in the digital era.
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Catherine
Following your work for years, I admit that I had some difficultly understanding the complexity of the monetary system. With you conversing with Titus makes it much more comprehensible for the amateur! Greatly appreciated.
I have to admit to feeling like a complete dunce. I had to stop the interview with Titus after half an hour because I could not understand most of what they were talking about. I think they are saying that the US Fed. is engineering a takedown of the economy with COVID as a cover, but I did not understand any of the mechanics. Is there a really simple way to explain it for dummies?
There is an island.
On the island you have two businesses and a central bank and a government. One business is run by insiders. One by outsiders.
The people who own the central bank run the government. They are behind the scenes because they want the people to pay taxes to the government so they have to think it is there. You have elections every four years so they have to pick from a group of candidates you approve.
You decide you want to centralize control even further. YOu declare that the outsiders business is non-essential and they have to shut down for an undetermined period of time. Their income falls to 0. But their debt service continues as do some of their expenses. This drains their networth. All the people who worked for them get laid off. You give them a government stipend out of the money that you collect from them in taxes or that you print in the central bank – thus debasing their holdings.
The insider business gets all the business and customers that used to go to the outsiders. Their income goes up a lot. They are richer and more powerful. The government gives them contracts that generates more income and raises their stock price. They sell stock so they can buy up all the land and real estate when the outsiders have to sell to get the money to feed their children and pay their taxes.
The insiders can borrow from the central bank at 0.35%. They agree to loan to the people who have lost their businesses and income at 27.4% – they get even richer.
The people who own the central bank pay people to go into the communities of the outsiders to have protests. They burn down lots of buildings and real estate.
That way when the insiders buy up the real estate with their stock profits, they can buy much more for much less.
The government declares that the insiders are helping to save the neighborhoods, so they declare them free of having to pay taxes on their stock profits.
I could keep going, but is it starting to make sense?
Oh thank you!
Good If you map it out like a hydraulic pumping system, it makes more sense.
I would like to view the monetary system as a structured water system, but alas. On the latter, I will soon be making and testing a home-made device that anyone can build to accomplish the same results. Having reviewed the commercially available devices, I find them to be improbably short in length to do anything like V. Schauberger had in mind. Will share when available.
I’d love to see what you come up with.