Insight - Digital Currency A Fig Leaf For Central Planning

BBC Verify provides the essential service of queering the narrative

May 27, 2023

Banks are folding in upon one another; centralizing by stealth
War by means of deception requires real-time management of narrative
Clues fall like hammers, revealing that all is not what it seems
Central Bank Digital Currency is just another layer of misdirection
The message is vague: delusionally equitable; fundamentally unfair
History is knocking: inevitability is the mantra - new normal - no turning back

(About 1,800 words or nine minutes of your company.)

May 27, 2023

In the present era all is not what it seems. The pandemic was a once-in-a-lifetime opportunity to reset the world, we were assured by then-prince Charles.

Of a sudden, it was not just a disease — the outbreak being barely six months old — when he called in Jun 2020 for a Great Reset or rather a social and financial re-engineering.

The New Normal, we were told, was a fait accompli: there was no going back. One took to thinking that although none would explain what precisely was new, nor how the insinuated became actual, it would nevertheless be imposed — whatever it was. It seemed a trap had been sprung.

A few years later…

Enter Marianna Spring, heading a rebranded BBC, now Verify. It is a twist on the phrase, “trust but verify” — the injunction to trust being unspoken but implicit: obsculta, as declared upon the statues outside BBC Broadcasting House, is Latin for listen.

Some statues may be toppled — but not those of the pedophile Eric Gill, whom the BBC commissioned, and whose works were recently defaced. Marianna is here to tell you which parts are public and which private. Her job is to queer the narrative.

She is employed to divert your eyes from that graven image. Hers are the burbling waters of Siren. Explaining away “what seems” is the raison d’être of BBC Verify.

Since the governments have declared hybrid war, in which the enemy is as much domestic as foreign, they must point out this domestic enemy. There is no room for subtlety. The fingering must be explicit.

Likewise the narrative. As a metaphor, if I blindfold a group and take them to a safe space, do I need to tell them they are in a concentration or re-education camp? Or do I leave it unsaid so that they work it out (or not) for themselves?

That is now narrative works.

Tally ho!

King Charles is the figurehead of the good ship Great Reset. The wavy-haired sea sprite, its bright colours aged by the driving spume, cracked but unbowed, ploughing into unchartered waters.

After spending decades trapped in the doldrums waiting to mount to the throne, Charles was the perfect choice to front the project, combining barely-concealed urges and deathly cunning to which his previous wife might, if she were alive, attest.

Why was the fanfare with which he announced the Reset accompanied not by royal trumpets but dancing pickaninnies (a pidgin word for a small child, possibly derived from the Portuguese pequenino) in the South Pacific? [1]

It is a mystery relegated to the emptied jars of Rabbit’s cupboards in Winnie-the-Pooh, a story written by a scrubber for British intelligence. The reason the state media don’t explain the crooked walk is that they are not authorised to reveal the destination.

See the ancestry of Kim Philby, supposed a traitor to Britain, yet a scion of two genenerations of regime changers operating in Arabia and Russia.

Why central planning?

The centralised allocation of inputs and outputs has some advantage at times of rapid change or adjustment, especially where a country lacks the financial, legal, accounting and governance systems to act as the gears and lubricant of the economy.

We saw this in China after the U.S. abandoned Chiang Kai-shek and embraced Mao; and in Russia when the Soviet Union was collapsed into the chaos of the 1990s.

What we see now is a moment of technological change, but also one in which the monetary and welfare systems are insolvent, employment is undergoing rapid change, and the competition for resources to supplement hydrocarbon energy sources is escalating.

The ultimate centralised economy was the Soviet Union. In 1922 Vladimir Lenin (Ulyanov) had established Gosbank. The State Bank was the tool for central control of industry using deposits and transactions to record compliance with five year plans, accounting for production and distribution of goods, providing the infrastructure needed to create a socialist society. Gosbank did not seek to turn a profit: it lent to those entitites the state intended to be national champions.

In February 1922 Lenin described the State Bank as “a bureaucratic paper game.” It operated alongside the state planning committee Gosplan and the state committee for material technical supply, Gossnab.

Its role was to allocate resources between different enterprises: the farm delivers milk to the butter producer, which in turn sends the butter to the universalniy magazin: the state debits and credits each enterprise at each step in the transaction, building a record of the entire economy, inputs and outputs, production and consumption.

Does it sound like a new idea?

A social credit score is built into the system, native, inherent and implicit, because the transactions reveal who is prompt or tardy — though crucially not why — so the tardy can be incentivised or punished without the need to discover the root of the problem. This necessarily empowers the powerful.

The idea that such a system delivers equity is delusional, for the system (which today we bless as Artificial Intelligence) cannot have full knowledge, except that with which it is programmed. It may know bad (error) but not good, let alone goodwill, and thus is unaware of motive, let alone morality.

The one bank (think one health and the WHO) was introduced in the Soviet Union to support the five year plans authored by the American industrial architect Alfred Kahn, as explained by the historian of Wall Street And The Bolshevik Revolution, Antony Sutton (1925-2002).

The Soviet Union, like the Third Reich, were technocratic experiments. They were promoted, established and sustained by Western oiler-bankers. Anyone who doubts that after Sutton’s research, and that of Carroll Quigley…

Well, there are those who maintain that the USSR, being unable to foment world revolution, was cornered into state-run capitalism… and that Nazism responded organically.

There is sweet irony (in other words, no irony at all, for irony is sour) in the fact that the former Gosplan building in Moscow became the seat of the parliament or Duma. The reverse is now occurring in the West. During the Covid response the legislatures were rusticated, deemed superfluous in the face of a global emergency with a less than 0.3 per cent fatality rate. Your MP or representative was sent home — and the buggers were mostly happy to take the money and scuttle. Representative government is being replaced with central planning.

Whodunnit:

Did the multinational corporations create the problems of pollution, of planned obsolescence and over production?
Did governments make promises of pensions and welfare benefits while failing to fund them adequately?
Did bankers create a debased currency so that inflation operated as a system of reverse wealth redistribution?
Did all of the above fail to plan for a transition to lower energy use — flagrantly moving to an even more energy intensive social surveillance model (at least in the short term)?

The answer, of course, is yes. Does that mean they are going to hold themselves accountable? No.

Combine the election management and the financialisation of law enforcement — and U.S. government is no more than a corporation, doing deals with foreign governments, selling out the people.

As the author Charles Hugh Smith puts it in his latest blog:

Wages’ share of the national income has declined for 45 years as the gains of the economy were shifted from labor to capital.
The top 1 per cent’s share of wealth soars to new heights in every speculative credit-asset bubble.
The middle class share of wealth plummets in every speculative credit-asset bubble and only gains ground when bubble pop.

Result: The bogus economic dogma of “growth via the wealth effect” created the demographic karma that will bring down the status quo. [2]

Own nothing

Larry Fink, CEO of BlackRock asset managers, has said that the owner-investors don’t like democracy, as it is too “messy.” “Markets don’t like uncertainty, markets like totalitarian governments…”

So what is the mechanism for replacing markets with central planning? Summon the formidable insight of the financial analyst George Gammon.

The Federal Reserve Bank of New York, the governing body of the U.S. Federal Reserve (Citigroup, JP Morgan and Goldman Sachs) is pushing central bank digital currency.

The biggest owner of the Fed is the bank that has the most shares, which would be JP Morgan. As the banking sector consolidates, the biggest banks take greater control of the Fed. JP Morgan was the biggest bidder in the rescue of First Republic. However the Federal Deposit Insurance Corporation lent JPM $50 billion to do the deal, and the FDIC absorbed the toxic assets! Gammon explains admirably. [3]

The banking system was never fixed after 2008. As more banks go bust more of them will be absorbed into the likes of JP Morgan. If this continues the commercial bank and the central bank would ultimately become the same entity. All deposits would be on JPM’s balance sheet — effectively creating a CBDC, says Gammon.

In social and economic terms it is a centralised digital ledger. If all property is on one ledger, no-one pays anyone and thus there are effectively no assets. Since there are no assets or ownership — you’ll own nothing and you’ll be happy. However, someone will control the ledger.

Analysts like Gammon and the lawyer John Titus, and above all Prof Richard Werner (Princes Of The Yen) are essential during this crisis. They are among the handful of minds that are clear amid the noise, communicating to the rest of us the foundation on which to confirm or deny the structure we may have already perceived, though we searched for that final stone of confirmation. Details matter.

Confirmation lies in the fact that the Bank for International Settlements and the World Bank do not speak of CBDC so much as a central digital ledger. That is what the USSR had, minus the digital — thus it still needed people.

The present objective appears to be central planning, as touted by Kissinger-tutored Klaus Schwab and “his” World Economic Forum. Digital currency is one more code word or euphemism for centralization — that has less need for people.

Schwab keeps a bust of Lenin in his office.

Postscript

To realise that one’s whole schooling has been a charade of communists and fascists is depressing. But the conclusion is forthcoming:

The mafia used to leave something for the little guy. Even John D. Rockefeller supposedly said to leave 10 per cent on the table. What the Great Reset, or this hyper financialisation of a corrupt ruling class is doing, is taking every last cent.

Moneycircus

Discussion about this post