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BofE to World: We Own You

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165 Comments

  2. The push for #CBDCs continues in NewZealand despite nearly half the population being locked down under covid restrictions .

    https://www.rbnz.govt.nz/notes-and-coins/future-of-money?

    For info this has been my holding response to RBNZ and the local MP.

    ” I find it disgraceful that survey is taking place during a period when the country is subject to COvid restrictions that forbid / restrict the free association and gathering of individuals who may wish to discuss these VITAL matters before making a response. Extend the deadline to allow individuals and groups the time and space to debate these issues in a post lockdown period.”

  3. all I’m going to say, delete me if you want. the time is nigh. Haven’t’ you had enough? Light is overcoming the Dark. thank the creator. jmho.

  5. any chance of a quick update prior to Oct 7th given what’s going on in the energy/supply chain front?

    1. Will post relevant headlines in News Trends & Stories, so check there. May but something up in our Telegram channel. Important thing is to build resiliency in your budget and inventory this winter for higher food and energy prices and supply chain disruptions. Can you lock in your price forward? Worth doing. Can you insulate or do things to bring your bill down permanently. Worth considering.

      1. Thanks for this Catherine. I am considering changing habits such as my family and I going to bed by 9pm to avoid electricity use in the evening. While I have a gas powered generator I plan on getting other cleaner generators that I can regularly use, a Sun oven, since where I live there is always Sun and so on as a way to bring down the bill. Right now though I have to budget for it, since a lot of these cost saving devices are expensive. As far as food, I resolved that awhile ago, I grow my own food for the most part and I have been stockpiling food since 2010.

        1. Early to bed, early to rise is going to make a lot more sense as energy prices rise or supplies become an issue.

    3. get your christmas shopping done now, that is for sure

      the effect will start to hit around shopping season

  7. I recently read “Red Roulette”, a book about an ‘insider’ in 2000s China. You can skip the book, it is less an expose than a mea culpa of someone trying to rebrand themselves in the West, and not particularly revealing; you can find most of the same gossip elsewhere.

    Nonetheless, I found one fascinating paragraph, relating to Vice President Wang Qishan:

    ‘Wang shared some of the paranoid delusions particular to China’s ruling elite. He was, for example, a huge fan of a 2007 best seller, Currency Wars, written by financial pundit named Song Hongbing. Song claimed that international, and particularly American, financial markets were controlled by a clique of Jewish bankers who used currency manipulation to enrich themselves by first lending money in US dollars to developing nations and then shorting those countries’ currencies.’

    this was interesting; the Chinese ruling elite has ‘paranoid delusions’ about the Central Bank warfare model??

    here is a wikipedia review of the book:
    https://en.wikipedia.org/wiki/Currency_Wars

    basically, the wikipedia consensus is, it is ‘conspiracy nut’ stuff.
    for example, “Although acknowledging the book’s huge popularity in China, the Financial Times described it as only passably entertaining and its thesis as far-fetched.[10] Fred Hu, managing director of Goldman Sachs Group, said the currency wars were “non-existent”.[19] He uses in his review words as “a simple out of line, outrageous distortion”, “many errors, out of context, far-fetched, exaggerated, or simply speculate, uncertain”, and the conclusion to this book as a “melted mixed the ultra-left trend of thought, far-right tendencies, populism, isolationism, anarchism”.[20]” basically conspiracy nut stuff not worth the time of ‘serious’ people.

    the book was not available in English on Amazon (is it even available in English? I am not sure), nevertheless I managed to see the bibliography of Currency Wars to get an idea of the content therein. Here are some of the works cited:

    Eustace Mullins, The Secrets of the Federal Reserve
    Des Griffin, Descent Into Slavery
    Frederic Morton, The Rothschilds
    Benjamin Disraeli, Coningsby
    Curtis Dali, FDR – My exploited Father in law
    Anthony Sutton, Wall Street and the Rise of Hitler
    Carroll Quigley, Tragedy and Hope
    David Allen Rivera, Final Warning: A History of the New World Order
    William Engdahl, A Century of War: Anglo-American Oil Politics and the New World Order
    Charles Higham, Trading with the Enemy
    John Perkins, Confessions of an Economic Hitman

    now, whether one agrees or disagrees with the FT and Goldman Sachs opinion that currency wars are ‘non-existent’, is not the fascinating part; the fascinating part is, clearly the Chinese leadership DOES subscribe to this view. if CNBC were to sum it up, the leadership of the second largest economy and most populous nation in the world are ‘conspiracy theorists.’

    1. I tried to get a copy when I first read about it and could not find it. If you ever find an English copy, let me know! If the Chinese did not believe this before 2006, they certainly did afterwards.

      1. since that book came out in 2007, amidst the GFC, it must have been very timely. and if that was the thinking nearly 15 years ago, one wonders, what is the consensus now? john and you have done excellent work to show the central banker’s move from the financial sphere in 2000s into epidemiology, climate science, social engineering etc. in the current decade. that can’t be lost on them；if anything central bank involvement is even more in your face now than during the GFC. and you guys are working with material widely available in the public sphere.

        this reminded me of clinton’s acceptance speech at the DNC in 1992, where he cited kennedy and carroll quigley as his biggest influences.

        “As a teenager, I heard John Kennedy’s summons to citizenship. And then, as a student at Georgetown, I heard that call clarified by a professor named Carroll Quigley, who said to us that America was the greatest Nation in history because our people had always believed in two things–that tomorrow can be better than today and that every one of us has a personal moral responsibility to make it so.[21]”

        now if you are a conspiracy nut and believe that kennedy was assasinated by a secret group within the anglo－american establishment /in fact, there is one chapter in Currency Wars about this/, that statement can have a sinister subtext. “i can be your kennedy but i know my limits.”

        1. https://competitiveintelligencejournal.blogspot.com/2008/08/currency-wars.html

          > But in conversation, he sounds hesitant about the line his future tomes might take. “This book may be totally wrong, so before the next one, I have to make sure my understanding is right,” he says. “Before this book, I was a nobody, so I could say anything I liked, but now the situation has changed.”

          From the wikipedia page:

          > In July 2009, the book was followed by a sequel, Currency Wars 2: World of Gold Privilege … More than two million copies have been sold … In this book, Song predicted that by 2024, the world’s single currency system will mature.

          Impressive to predict the 2024 (CBDC?) date in 2009.

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