Crisis Update - Beware The Trifecta Of Tyranny

Pandemic treaty, vaccine passports, central bank digital currency are globalists' bet

Nov 24, 2022

No justification for central bank digital currency; electronic payment systems suffice.
World Health Organisation seeking global pandemic diktat with medical mandates.
Passports are another checkpoint on this path, but we can reject them by saying no.

See also Moneycircus, Jan 2022 — Illusion And Pharmakeia
Dec 2021 — Bankers Prance To War And Slavery
Dec 2021 — Bankers Prance To War, Part 2

(2,900 or about 14 minutes of your time.)

Nov 24, 2022

The public is being hoodwinked into thinking we already use digital currency, and that central bank digital currencies (CBDC) would simply increase the convenience.

What we use now are electronic payment systems, as we swipe cards, buy online and pay digitally while using less cash in its paper form. Cash is still available if we choose, it is anonymous and we can store it, even if inflation eats its value.

A CBDC in contrast, is more like a voucher. Its value to central banks is control: they can manage inflation directly by deducting, or stimulate the economy by crediting, accounts. They can link them to universal basic income and behavioural metrics, from carbon to social score, and unused income can be set to expire every month. The scope for social engineering is unlimited: no vaccine, no food.

By defending cash, one is taking sides, of course. But since the retail bank would likely disappear under a CBDC, and since the former are the lenders to small business (big business is largely self financing through the securities markets) — and given that small businesses create up to 80 per cent of jobs — this is an argument from self interest.

Central banks are pushing CBDC in a bid to stay relevant. Their handling of the monetary system, especially since the launch of the U.S. Federal Reserve in 1913 has brought ruin to the people: the value of the currency has crashed, along with real incomes.

The banks had so little trust in each other that liquidity ground to a halt in the autumn of 2019. That forced them to roll out The Great Reset alongside the pandemic.

The private owners of the central banks are not giving up. Fabio Panetta, member of the Executive Board of the ECB, told a U.S. panel on monetary policy this year “CBDCs are necessary to preserve the role of central bank money as a stabilizing force at the heart of the payments system and to safeguard monetary sovereignty.” [1]

We will see that CBDCs are an attempt by central banks to stabilize themselves and to preserve their own sovereignty as kings of the financial jungle.

Central banks argue that the money they issue is risk free. Unlike retail banks — or the issuers of stablecoin — the central banks rely on the power of the state to force the people to pay tax and interest, and to call in debts.

“Without the anchor of sovereign money, people would constantly have to monitor the soundness of private issuers in order to assess the value of each form of private money,” says Panetta, but this is partly an inversion of reality.

Although central banks are privately owned, they have wrangled the privilege of creating money out of thin air which they lend to governments. It is the people buying assets and building things which bestows value upon that paper — along with the confidence that allows it to be a means of exchange.

Surely the collapse of FTX and so many stablecoins justifies the role of central banks?

In his speech, in Feb 2022, before this year’s crypto rout, Panetta addressed those who argued that stablecoins could make CBDCs superfluous.

“However, confidence in stablecoins would also depend on the ability to convert them into central bank money, unless stablecoin issuers were allowed to invest the reserve assets in risk-free deposits at the central bank. But this would be tantamount to outsourcing the provision of central bank money, which would endanger monetary sovereignty.” [2]

Again, what he really means is they endanger the sovereignty of central banks who don’t want to share the ability to create money with anyone else.

It’s almost charming the way the privately-owned central banks speak so openly among one another: “stablecoins could exacerbate the ‘winner-takes-all’ dynamics inherent in payment markets.”

It is simply not true that “an independent public institution such as the central bank… has no interest in exploiting individual payment data for any purpose.”

The World Economic Forum, a marketing operation to promote digital surveillance and CBDC, explains very clearly how the exploitation of payment data is central to the “deep systemic and structural restructuring of our world,” in the words of the publicist of The Great Reset, Klaus Schwab.

We have seen how “data protection” is ineffective — any individual can be identified with as little as four pieces of anonymized information — and even anonymous data points can be used for intrusive behavioural manipulation.

Bureaucratic overreach

Organization Man is making his final push for control. In his 1956, book William Whyte tackled the assumption that groups and committees take better decisions than individuals. He interviewed CEOs and saw a risk-averse culture, in which they profited by avoiding decisions, hiding behind a faux collectivist ethic.

What’s got us to this crisis, above all, is that no one is held accountable. We tell schoolchildren that “everyone wins a prize,” but we know in life that’s not so. Schools are simply conveying the reality that it’s not a meritocracy. Plenty will find a rock under the wrapping paper — and not even of the “pet” variety.

The higher orders get to “privatize the profits; socialize the losses,” and we’ve seen it in booms, busts and bailouts, but also in the metastasis of unaccountability in public institutions. No-one takes a risk if the outcome is managed in advance; and no-one gets to be creative, either.

Do you really want to go through life with bureaucrats “nudging” you every few moments? Because that is what this is about: overreach. Social media, smartphones and online shopping have created pools of “big data.” Computing power has put something within the grasp of bureaucrats and functionaries that they have long desired: total micro management.

The Great Reset is the bothersome teacher, the overbearing manager, the intrusive social worker, the weaponized taxman, and the political policeman in cahoots with the nosy neighbour.

Colonial banking

The claim used to justify the need for CBDC is that the many and varied digital payment systems are too expensive for low-income households and that many citizens are “unbanked” or live by cash without an account.

The other claim is that cash is untraceable and thus encourages fraud and criminality. The same argument is made about crypto currencies.

Again, both arguments are tendentious.

The author worked for many years in Russia were, even today, a quarter of the population lacks a bank account. It was I, not they, who had to adapt to the many wondrous ways of sending payments or topping up services by electronic kiosk, prepaid card, smartphone or transfer at the many clones of Western Union.

Populations with a large cohort of foreign workers were doing this long before the Western middle class discovered Amazon and PayPal. Many emerging markets went directly from “no phone to smartphone.”

Cash is not the antithesis of electronic exchange but its lubricant — as the backup when payment systems do not talk to each other, and in the liberation of cash at the conclusion of the transfer.

What we hear from central banks is a form of colonialism, an insistence on convenience and efficiency as seen from the Western perspective that may have the opposite effect in a society where people tend not to sit at a computer screen all day.

Contrary to the expectations of the West’s managerial ranks, this would-be new imperial class will not include most of the population who won’t have a seat at the table when the spoils of empire are ladeled out.

“A key difference with the CBDC is that central banks will have absolute control on the rules and regulations that will determine the use… and also, we will have the technology to enforce that.” So said Agustín Carstens, general manager of the Bank for International Settlements, in 2020.

The age of central banks controlling what you spend is almost here. “What underpins the world order is always the financial system,” economist Pippa Malmgren told attendees of the World Government Summit 2022 on Mar 31. “… we’re about to abandon the traditional system of money… the new accounting is what we call blockchain.”

That would give governments an almost perfect sight of everything that anybody buys — and she admits it’s dangerous. She said a digital currency should be matched by a digital constitution of human rights in order to protect citizens.

See Moneycircus, Apr 2022 — Bankers 'Deny' Protestor His Identity: Centralized digital ID can never protect your rights; it is a passport to tyranny

The digital banking industry pooh poohs the risks of state surveillance, though given the behaviour of governments during “three years to flatten the curve” this rings hollow. [3]

Redefining crime

As for cash enabling crime, is it necessary for the teller to harass customers asking what a withdrawal is “for,” to challenge and justify every transfer? Who takes money out of their account to commit a crime — surely the flow would be in the opposite direction! It was HSBC Holdings that was fined $1.9 billion for serving as a middleman for Mexican drug lords.

While criminology, like psychology, has always targeted the powerless, the crimes of the powerful are often defined away, reclassified and ignored by statisticians.

C. Wright Mills stated in the 1950s, “corporate crime creates higher immorality.” When governments bail out banks who make bad bets — or commit downright fraud as they did in the savings and loans scandal, or when they misled investors in the mortgage-backed securities heist, or what may come to light in the FTX collapse — it creates what we call, euphemistically, moral hazard.

Moral hazard can be the increased risk of wrecking the company vehicle because I don’t bear the cost. As we’ve seen in Event Covid it can get much worse than that.

The corruption of public life shifts the boundaries of acceptable behaviour. It applies as much to utilitarian politics as to the practicalities of thievery. [4]

In the days of Margaret Thatcher and her closest advisor Keith Joseph it was called thinking the unthinkable. Common Purpose calls it leading beyond authority. The boundaries have been pushed. Today it is called the new normal.

The owners and their functionaries want us to believe we’ve entered a new land where there is no morality but only efficiency, which is another way of saying society will serve not the people but the corporation.

For what is morality but the customs and ethics by which the people negotiate their co-existence, whether they take it from religion or the exigencies of their environment? And while efficiency means one thing to the individual engaged in a task, it has a very different, menacing sense when it is applied to the people en masse.

As the Western economies de-industrialised in the late 20th century, the influence of the central banks was felt more strongly. Successive banking crises led to bailouts in which the most powerful parts of the financial services were lent money at zero cost — financializing the economy and, one could say, inverting value: churning cash instead of making stuff.

The inventors and scientists of old were replaced by computer modelers. Indeed, financial crises like that of 2007-09 happened largely because investors, economists and ratings agencies worked from models — instead of throwing open the windows to take the measure of the real world. Likewise the pandemic that was launched in 2020 to the wildly-inflated modeling of the discredited Neil Ferguson of Imperial College, London University.

As this desiccated land becomes increasingly barren, the measure of quantity replaces any notion of quality.

Pandemic treaty

The G20 meeting of the leading economies in Bali issued a formal “decree” promoting vaccine passports in its final communique in preparation for any future pandemic response.

A new WHO pandemic treaty, in final stages, would overrule the US Constitution and unleash medical dictatorship, warns Dr Francis Boyle. The author of the Biological Weapons Anti-Terrorism Act of 1989 is an expert in treaties. He says the WHO document would see nations give up sovereignty, allowing the WHO to declare pandemics, round up the population, forcibly inject and quarantine.

Combined with the central bank digital currencies, which the Federal Reserve last week announced it is piloting, people will be powerless to resist. A CBDC will allow the government to destroy your life if you don’t give them control of your body.

In Brazil the captured supreme court has declared the election “safe and effective” and has authorized banks to block the accounts of those who say it was rigged and who are calling for military intervention. This is a real time example of the power that bankers and globalists seek through CBDC. [5]

South Africa and Ukraine were the first countries outside of China to launch digital ID and social credit. Others are now joining them. [6] [7]

Controlling the narrative

Even if the pandemic was not caused by global capital, it gave financiers the opportunity to print money and channel it into windfall profits, used to acquire assets ahead of the reset.

Capital and pharma set the narrative through direct control of the media. Pfizer had revenues last year of $81 billion, compared to U.S. spending on education of $120 billion.

Corporations have pressed for decades for mandatory vaccination and passports tied to people’s individual inputs and outputs, whether you define that as carbon footprint or regulation, via banking, of income, consumption and travel — in other words, total social control.

Professor William Robinson, of University of California, Santa Barbara, author of The Global Police State (2020) and Can Global Capitalism Endure? (2022), was interviewed some months ago on the podcast Geopolitics and Empire. He observed that the massive transfer of wealth to the rich in 2020 served to strengthen the surveillance apparatus and offset a rise in global unrest.

The control of education and the state corporate media means many people have been deceived. Some on the Left have cheered surveillance and medical tyranny — effectively defending finance capital with a hail of arrows: climate-denier, anti-vaxxer, creationist rejector of science or another class of heathen.

The self-nullification goes like this: there can be no nefarious intent behind CBDC because that would imply a cabal, which necessarily is a far-right trope; the bankers cannot act with malice — indeed, globalists cannot exist — because to identify a cohort of actora is to be a conspiracist and perhaps even a racist.

Something similar occurs among the Greens who in addition are subject to a tremendous campaign of emotion and fear, which often means responding aggressively to anyone who does not share the same febrile condition.

They are fully blind to manipulation by the Gettys, Rockefellers and oil interests financing much of the environmental movement; the absence of a societal plan to transition to renewables; the fact that the wealthiest class profits from the renewable projects, heavily subsidized by the taxpayer; which conserves oil and gas in the hands of those same families. See Planet Of The Humans (2019), Jeff Gibbs and Michael Moore. [8]

Is this emotional vibe the reason why the Greens are among Germany’s most trenchant Atlanticists and warmongers — wars that are fought for the control of the very “fossil fuels” they want to abolish?

The effect is to prevent a rational discussion of climate and energy, or of how the monetary system relates to the political.

The narrative is so messed up that one wonders if it isn’t just one big distraction from the real project — digital identity, vaccine passports and CBDC, perhaps?

Alone in a hole

Having projected all his former causes upon one he now views as an opponent, the tribune of the people is bereft of arrows and defenceless, having chased away those who would have sat with him in the foxhole.

He assures himself that the owners need the workers, that the investors would not undermine the economy. He fails to notice that what counts more than money is control of resources, and eliminating competition for those resources.

The capitalists are telling us it’s all over; that the present system is not going to recover from this profound crisis. There will be a new system — and it will be ours if we choose to make it.

Cashless society is a big step in creating a slave class, for without cash in the current world there is no free movement or association for ordinary people. Note that the rich don’t use cash, even now. The owners have always lived in a kind of oligarchic communism as the very wealthy don’t pay for anything.

There is no need for a CBDC. It meets no need any better than existing payment systems. It offers no advantage except to those who seek centralized control.

Mandates are slavery. Not owning your body is the very definition. Passports are one checkpoint on this path, but we can reject them by saying no.

Moneycircus