Tag Archives: CBDC

Stablecoin – A New Attempt at CBDC

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The Stablecoin Trap: The Backdoor to Total Financial Control

BY    MARCH 18, 2025   , ,    33 MINUTE

The walls are closing in on your financial freedom—but not in the way most Americans believe.

While the debate rages over the future threat of Central Bank Digital Currencies (CBDCs), a far more insidious reality has already taken hold: our existing financial system already functions as a digital control grid, monitoring transactions, restricting choices, and enforcing compliance through programmable money.

For over two years, my wife and I have traveled across 22 states warning about the rapid expansion of financial surveillance. What began as research into cryptocurrency crackdowns revealed something far more alarming: the United States already operates under what amounts to a CBDC.

  • 92% of all US dollars exist only as entries in databases.
  • Your transactions are monitored by government agencies—without warrants.
  • Your access to money can be revoked at any time with a keystroke.

The Federal Reserve processes over $4 trillion daily through its Oracle database system, while commercial banks impose programmable restrictions on what you can buy and how you can spend your own money. The IRS, NSA, and Treasury Department collect and analyze financial data without meaningful oversight, weaponizing money as a tool of control. This isn’t speculation—it’s documented reality.

Now, as President Trump’s Executive Order 14178 ostensibly “bans” CBDCs, his administration is quietly advancing stablecoin legislation that would hand digital currency control to the same banking cartel that owns the Federal Reserve. The STABLE Act and GENIUS Act don’t protect financial privacy—they enshrine financial surveillance into law, requiring strict KYC tracking on every transaction.

This isn’t defeating digital tyranny—it’s rebranding it.

This article cuts through the distractions to expose a sobering truth: the battle isn’t about stopping a future CBDC—it’s about recognizing the financial surveillance system that already exists. Your financial sovereignty is already under attack, and the last off-ramps are disappearing.

The time for complacency has passed. The surveillance state isn’t coming—it’s here.

Understanding the Battlefield: Key Terms and Concepts

To fully grasp how deeply financial surveillance has already penetrated our lives, we must first understand the terminology being used—and often deliberately obscured—by government officials, central bankers, and financial institutions. The following key definitions will serve as a foundation for our discussion, cutting through the technical jargon to reveal the true nature of what’s at stake:

Before diving deeper into the financial surveillance system we face today, let’s establish clear definitions for the key concepts discussed throughout this article:

Central Bank Digital Currency (CBDC)

A digital form of central bank money, issued and controlled by a nation’s monetary authority. While often portrayed as a future innovation, I argue in “Fifty Shades of Central Bank Tyranny” that the US dollar already functions as a CBDC, with over 92% existing only as digital entries in Federal Reserve and commercial bank databases.

Stablecoin

A type of cryptocurrency designed to maintain a stable value by pegging to an external asset, typically the US dollar. Major examples include:

  • Tether (USDT): The largest stablecoin ($140 billion market cap), managed by Tether Limited with reserves held by Cantor Fitzgerald
  • USD Coin (USDC): Second-largest stablecoin ($25 billion market cap), issued by Circle Internet Financial with backing from Goldman Sachs and BlackRock
  • Bank-Issued Stablecoins: Stablecoins issued directly by major financial institutions like JPMorgan Chase (JPM Coin) or Bank of America, which function as digital dollars but remain under full regulatory control, allowing programmable restrictions and surveillance comparable to a CBDC.

Tokenization

The process of converting rights to an asset into a digital token on a blockchain or database. This applies to both currencies and other assets like real estate, stocks, or commodities. Tokenization enables:

  • Digital representation of ownership
  • Programmability (restrictions on how/when/where assets can be used)
  • Traceability of all transactions

Regulated Liability Network (RLN)

A proposed financial infrastructure that would connect central banks, commercial banks, and tokenized assets on a unified digital platform, enabling comprehensive tracking and potential control of all financial assets.

Privacy Coins

Cryptocurrencies specifically designed to preserve transaction privacy and resist surveillance:

  • Monero (XMR): Uses ring signatures, stealth addresses, and confidential transactions to conceal sender, receiver, and amount
  • Zano (ZANO): Offers enhanced privacy with Confidential Layer technology that can extend privacy features to other cryptocurrencies

Programmable Money

Currency that contains embedded rules controlling how, when, where, and by whom it can be used. Examples already exist in:

  • Health Savings Accounts (HSAs) that restrict purchases to approved medical expenses
  • The Doconomy Mastercard that tracks and limits spending based on carbon footprint
  • Electronic Benefit Transfer (EBT) cards that restrict purchases to approved food items

Know Your Customer (KYC) / Anti-Money Laundering (AML)

Regulatory frameworks require financial institutions to verify customer identities and report suspicious transactions. While ostensibly aimed at preventing crime, these regulations have expanded to create comprehensive financial surveillance with minimal oversight.

Bank Secrecy Act (BSA) / Patriot Act

US laws mandate financial surveillance, eliminate transaction privacy, and grant government agencies broad powers to monitor financial activity without warrants. These laws form the legislative foundation of the current financial control system.

STABLE Act / GENIUS Act

Proposed legislation would restrict stablecoin issuance to banks and regulated entities, requiring comprehensive KYC/AML compliance and effectively bringing stablecoins under the same surveillance framework as traditional banking.

Understanding these terms is essential for recognizing how our existing financial system already functions as a mechanism of digital control, despite the absence of an officially designated “CBDC.”

The Digital Dollar Reality: America’s Unacknowledged CBDC

The greatest sleight of hand in modern finance isn’t cryptocurrency or complex derivatives—it’s convincing Americans they don’t already live under a Central Bank Digital Currency system. Let’s dismantle this illusion by examining how our current dollar already functions as a fully operational CBDC.

The Digital Foundation of Today’s Dollar

When most Americans picture money, they imagine physical cash changing hands. Yet this mental image is profoundly outdated—92% of all US currency exists solely as digital entries in databases, with no physical form whatsoever. The Federal Reserve, our central bank, doesn’t create most new money by printing bills; it generates it by adding numbers to an Oracle database.

This process begins when the government sells Treasury securities (IOUs) to the Federal Reserve. Where does the Fed get money to buy these securities? It simply adds digits to its database—creating money from nothing. The government then pays its bills through its account at the Fed, transferring these digital dollars to vendors, employees, and benefit recipients.

The Fed’s digital infrastructure processes over $4 trillion in transactions daily, all without a single physical dollar changing hands. This isn’t some small experimental system—it’s the backbone of our entire economy.

The Banking Extension

Commercial banks extend this digital system. When you deposit money, the bank records it in their Microsoft or Oracle database. Through fractional reserve banking, they then create additional digital money—up to 9 times your deposit—to loan to others. This multiplication happens entirely in databases, with no new physical currency involved.

Until recently, banks were required to keep 10% of deposits as reserves at the Federal Reserve. Covid-19 legislation removed even this minimal requirement, though most banks still maintain similar levels for operational reasons. The key point remains: the dollar predominantly exists as entries in a network of databases controlled by the Fed and commercial banks.

Already Programmable, Already Tracked

Those who fear a future CBDC’s ability to program and restrict money use miss a crucial reality: our current digital dollars already have these capabilities built in.

Consider these existing examples:

  • Health Savings Accounts (HSAs): These accounts restrict spending to approved medical expenses through merchant category codes (MCCs) programmed into the payment system. Try to buy non-medical items with HSA funds, and the transaction is automatically declined.
  • The Doconomy Mastercard: This credit card, co-sponsored by the United Nations through its Climate Action SDG, tracks users’ carbon footprints from purchases and can shut off access when a predetermined carbon limit is reached.
  • Electronic Benefit Transfer (EBT) cards: Government assistance programs already use programmable restrictions to control what recipients can purchase, automatically declining transactions for unauthorized products.

These aren’t theoretical capabilities—they’re operational today, using the exact same digital dollar infrastructure we already have.

Surveillance and Censorship: Present, Not Future

The surveillance apparatus for our digital dollars is equally established. The Bank Secrecy Act mandates that financial institutions report “suspicious” transactions, while the Patriot Act expanded these monitoring requirements dramatically. The IRS uses artificial intelligence to scrutinize spending patterns across millions of accounts, while the NSA bulk collects financial data through programs revealed by Edward Snowden.

This surveillance enables active censorship, as demonstrated during Canada’s trucker protests in 2022, when banks froze accounts of donors without judicial review. Similar account freezes have targeted individuals ranging from Kanye West to Dr. Joseph Mercola—all using the existing digital dollar system.

In March 2025, the Treasury intensified this framework, lowering the cash transaction reporting threshold from $10,000 to $200 across 30 ZIP codes near the southwest border, subjecting over a million Americans to heightened scrutiny under the guise of curbing illicit activity.

The Semantic Shell Game

When politicians and central bankers claim we don’t have a CBDC, they’re playing a game of definitions. The substantive elements that define a CBDC—digital creation, central bank issuance, programmability, surveillance, and censorship capability—are all present in our current system.

The debate over implementing a “new” CBDC is largely a distraction. We’re not discussing whether to create a digital dollar—we’re discussing whether to acknowledge the one we already have and how to modify its architecture to further enhance surveillance and control.

Understanding this reality is the first step toward recognizing that the battle for financial privacy and autonomy isn’t about stopping some future implementation—it’s about confronting and reforming a system already firmly in place.

The Weaponization of Financial Surveillance

The government justifies financial surveillance under the guise of fighting terrorism, money laundering, and organized crime, but the data tells a different story. Since the passage of the Bank Secrecy Act (BSA) in 1970 and the Patriot Act in 2001, the US government has accumulated trillions of financial records on ordinary Americans, yet these laws have failed to curb financial crime. Instead, they have been used to target political dissidents, seize assets without due process, and criminalize cash transactions.

  • The US Treasury admitted it cannot track $4.7 trillion in spending, yet demands compliance from individuals over transactions as small as $600.
  • The Financial Crimes Enforcement Network (FinCEN) has harvested billions of transaction records but has failed to demonstrate any meaningful reduction in financial crime.
  • Suspicious Activity Reports (SARs) are used to justify asset seizures without charges, while banks like JPMorgan and HSBC have laundered billions for drug cartels with no consequences.
  • The US Dollar remains the primary currency for terrorism, human trafficking, and war financing—yet the government wants to blame privacy coins.

These financial laws were never about stopping crime—they were about controlling the people. Meanwhile, the same government that demands total visibility over our money has lost track of trillions and even funneled taxpayer dollars directly to terrorist groups. If financial transparency is so important, perhaps the US Treasury should be the first to comply.

Defining the Real Threat: The Government’s Surveillance Machine

Before we delve deeper, let’s cut through the noise and define the true stakes—because the focus on banning a Central Bank Digital Currency (CBDC) and vilifying the Federal Reserve misses the bigger picture. President Trump and others have zeroed in on the Federal Reserve as the architect of digital tyranny, with a public blame game unfolding as the Fed, federal government, and commercial banks point fingers at each other like squabbling overlords.

But this distraction obscures the real enemy: a government surveillance apparatus that already tracks, programs, and censors our money, paving the way for digital tyranny—social credit systems, digital IDs, vaccine passports, and more. The Federal Reserve is just one cog; the government’s machinery, backed by the banks that own the Fed, is the true enforcer.

The End Goal: Digitizing Everything

My two-year crusade against Central Bank Digital Currencies (CBDCs) stems from a chilling realization: the endgame isn’t just controlling our money—it’s digitizing all our assets—money, stocks, bonds, real estate, and more—under a global ledger with the same tracking and programmability as CBDCs.

As I detail in my book The Final Countdown, this vision involves CBDCs paired with Regulated Liability Networks (RLNs), systems designed to tokenize every financial instrument—stocks, bonds, and beyond—settling only in CBDCs. Countries like the US, those in Europe, the UK, and Japan are developing their own RLNs, engineered to interoperate, creating a seamless global ledger. The ultimate aim, rooted in the technocracy movement since the 1930s, is a single digital currency backed by energy credits, tying our wealth to resource consumption and a social credit system.

This isn’t speculation—it’s a deliberate blueprint. RLNs enable central banks and governments to monitor and program every asset, ensuring compliance with policies like carbon limits or social scores. The technocracy movement, founded by figures like Howard Scott in the 1930s, envisioned energy as the basis of economic value, a concept now resurfacing in digital form. This global ledger threatens to erase ownership and freedom, a reality already taking shape as governments and banks tighten their grip. This sets the stage to uncover how the US government’s surveillance machine, already in motion, accelerates this dystopian future.

The Government’s Surveillance Arsenal

The US government has perfected financial surveillance long before any CBDC label was applied, as I detailed in my Brownstone Institute article “Fifty Shades of Central Bank Tyranny.” The National Security Agency (NSA) bulk collects financial data on domestic and international transactions, a revelation from Edward Snowden exposing its access to phone calls, internet communications, and undersea cable intercepts—turning your bank account into a government peephole.

The IRS, wielding artificial intelligence, scrutinizes spending patterns with chilling precision, as seen in Rebecca Brown’s 2015 case, where $91,800 was seized via civil asset forfeiture for no crime, or the IRS’s recent mandate forcing Venmo and PayPal to report transactions over $600, ensnaring even the smallest earners. These AI tools transform every purchase into a potential target for government scrutiny.

The Patriot Act amplifies this overreach, authorizing warrantless wiretapping and data collection, while National Security Letters (NSLs)—like the one silencing Nick Merrill in 2004, gagging him from consulting a lawyer about FBI demands—ensure silence under threat of law. The Bank Secrecy Act compels banks to report “suspicious” activity, fueling Operation Chokepoint 2.0, where commercial banks like JPMorgan Chase and Bank of America froze accounts of dissenters—Kanye West, Melania and Barron Trump, Dr. Joseph Mercola—often exceeding federal directives. Congress, not the Fed, drives this surveillance juggernaut, embedding it through bipartisan laws like the Patriot Act, Bank Secrecy Act, CARES Act, and the addition of 87,000 armed IRS agents poised to audit the average citizen.

A Distinction Without a Difference

Focusing solely on the Federal Reserve as the villain is a distinction without a difference. The Fed, a private entity veiled in secrecy, is owned by the largest commercial banks—JPMorgan Chase, Citibank, and others—forming a cartel that profits from the system, as G. Edward Griffin’s The Creature from Jekyll Island exposes. Its digital money creation feeds these banks, which multiply it through fractional reserves. Eliminating the Fed and letting the government issue currency directly, as Senator Ron Wyden advocates—a stance I challenged at a conference where he opposed CBDCs but endorsed government control—wouldn’t end surveillance; it would intensify it. Wyden’s vision centralizes power further, removing the Fed’s buffer and amplifying government oversight with no accountability.

The real threat lies in the system’s design: digital money is already tracked and censored by government decree. Whether it’s the Fed’s Oracle databases or banks’ Microsoft systems, the infrastructure is programmable, enabling control without new laws—just new rules, crafted daily in backrooms. This surveillance machine, not the Fed alone, drives us toward a dystopian future where every transaction fuels tyranny. With this system already entrenched in the US, the global race for CBDCs—and the US’s pivot to stablecoins under the STABLE and GENIUS Acts—only accelerates the spread of this control, amplifying the threat both abroad and at home. We must confront this escalating reality head-on to grasp the full scope of the battle for our financial freedom.

Global CBDC Development Accelerates Despite Trump’s Ban

Even with President Trump’s Executive Order (EO) 14178, signed on January 23, 2025, banning the Federal Reserve and other US agencies from pursuing a Central Bank Digital Currency (CBDC), the global race to develop CBDCs has not slowed down—it’s actually speeding up. Before the EO, 134 countries and currency unions, representing 98% of global GDP, were actively exploring CBDCs, according to the Atlantic Council’s Central Bank Digital Currency Tracker. With the US stepping back from explicit CBDC work, that number drops to 133 countries.

The US accounts for approximately 26% of global GDP (based on 2024 World Bank estimates of a $105 trillion global GDP, with the US contributing $27 trillion). Subtracting the US share, the remaining 133 countries still represent about 72% of global GDP—a massive portion of the world economy—continuing their CBDC efforts. Meanwhile, the US has shifted its focus to a backdoor approach through stablecoins, empowering commercial banks and the Federal Reserve to extend digital control at the expense of privacy and decentralized finance (DeFi).

The US pivot isn’t just about stablecoins like Tether and USDC—it’s a broader strategy codified in two legislative proposals: the STABLE Act (House, February 6, 2025) and the GENIUS Act (Senate, February 4, 2025). These bills restrict stablecoin issuance to insured depository institutions, federal nonbanks, and state-regulated entities, effectively handing the reins to big banks like JPMorgan Chase and the Federal Reserve’s network of member banks.

The STABLE Act bans unauthorized issuers, while the GENIUS Act prohibits unapproved payment stablecoins, ensuring only the financial elite can play. Both mandate strict Know Your Customer (KYC) and Anti-Money Laundering (AML) requirements, turning every transaction into a surveillance opportunity. Algorithmic stablecoins used in DeFi platforms, which thrive on anonymity and decentralization, are effectively sidelined, as banks and the Fed tighten their grip on the digital dollar ecosystem. This isn’t innovation—it’s a power grab, cloaked as financial stability.

The pace of global CBDC development remains striking. In May 2020, only 35 countries were exploring CBDCs. By early 2025, that number had ballooned to 134 before the US exit, with 65 in advanced stages—development, pilot, or launch. Every G20 country except the US is now involved, with 19 in advanced stages and 13 running pilots, including Brazil, Japan, India, Australia, Russia, and Turkey. Three countries—the Bahamas, Jamaica, and Nigeria—have fully launched retail CBDCs, and 44 pilots are ongoing worldwide. This momentum persists despite Trump’s ban, as other nations see CBDCs as a way to modernize payments, enhance financial inclusion, and compete geopolitically, especially with China’s digital yuan (e-CNY) pilot, the largest globally, reaching 260 million people.

Recent developments underscore this acceleration. In Israel, the Bank of Israel released a 110-page design document in early March 2025, detailing plans for a Digital Shekel. This follows years of research and aligns with Israel’s participation in a 2022 project with the Bank for International Settlements to test international retail and remittance payments using CBDCs. The Digital Shekel aims to improve transaction efficiency and financial access across its tech-savvy population, marking a significant step toward implementation.

In the European Union, the European Central Bank (ECB) is pressing forward with its digital euro, targeting a rollout by October 2025. ECB President Christine Lagarde has been vocal about this timeline, stating in a recent address, “We are on track to introduce the digital euro by October this year, offering a secure and programmable complement to cash that ensures financial inclusion while maintaining privacy standards.” This follows the ECB’s October 2023 decision to enter the preparation phase for a digital retail euro, with a focus on both retail and wholesale applications. The EU’s push reflects a broader European trend, with countries like Sweden and the UK also advancing CBDC pilots, aiming to reduce reliance on US-dominated payment networks like Visa and Mastercard.

Across the Atlantic, Canada’s new Prime Minister, Mark Carney, who assumed office in March 2025, brings a pro-CBDC stance to the table. Carney, a former Governor of the Bank of England from 2013 to 2020, has long advocated for digital currencies as a tool for financial innovation. During his tenure at the Bank of England, he oversaw early CBDC research, including the July 2019 CBDC Technology Forum, which laid the groundwork for the digital pound.

Carney’s alignment with the World Economic Forum (WEF), where he has been a prominent figure pushing for sustainable finance and digital transformation, further underscores his support for CBDCs. The WEF has been a strong advocate for CBDCs, hosting roundtables through 2023 to promote interoperable designs. Under Carney’s leadership, Canada is likely to accelerate its CBDC efforts, building on the Bank of Canada’s 2023 analytical note emphasizing offline payment functionality—a move that could deepen digital control over Canadian finances.

Despite Trump’s EO, the global CBDC train is charging ahead, with the US taking a detour through stablecoins that empower banks and the Fed while stifling privacy and DeFi. The Digital Shekel, the EU’s October rollout, and Canada’s new leadership under Carney show that the world isn’t waiting for the US to catch up—it’s forging a digital future where control, not freedom, may be the ultimate prize.

Stablecoin Legislation: Backdoor CBDCs by Design

to read the rest of the artile, go to:    https://brownstone.org/articles/the-stablecoin-trap-the-backdoor-to-total-financial-control/

The Dangers of Central Bank Digital Currency

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Excellent 40 minutes of Catherine Austin Fitts on CBDCs (which may be rolling out next in New Zealand, after a failed launch in Nigeria last year)

They try things out in one setting, then another, till they get it right

MERYL NASS
AUG 12, 2024

In this installment of our series ‘Our Digital Future’, Alistair Harding speaks to financial guru Catherine Austin Fitts about the unified ledger, programmability, and the possibility of central bank control over how we spend our money.

https://realitycheck.radio/replay/our-digital-future-catherine-austin-fitts-cbdcs-on-the-unified-ledger-programmability-and-the-possibility-of-central-bank-control-over-how-we-spend-our-money/

And about that failed launch in Nigeria.

Why Did CBDC Fail in Nigeria? Valuable Lessons for Developing Countries

By Tuhu Nugraha

October 22, 2023

https://moderndiplomacy.eu/2023/10/22/why-did-cbdc-fail-in-nigeria-valuable-lessons-for-developing-countries/

In the rapidly digitizing era, many nations are eyeing Central Bank Digital Currency (CBDC) as the future solution for payment systems. However, Nigeria’s case illustrates that transitioning to CBDC isn’t a straightforward path, especially for developing countries.

Based on an analysis by Nicholas Anthony on Coindesk, the Nigerian government attempted to propel a transition to a cashless economy by implementing a Central Bank Digital Currency (CBDC). Yet, the imposed cash usage restrictions led to public protests demanding the restoration of paper money. Despite the government’s efforts to boost CBDC adoption, such as removing access restrictions and offering payment discounts, these initiatives proved fruitless.

Moreover, with cash withdrawal limits and currency redesigns, the situation worsened, triggering a cash shortage and escalating public dissatisfaction. Consequently, CBDC adoption in Nigeria remains abysmally low, with less than 0.5% of the population using it, while over 50% have embraced cryptocurrency. What can we learn from Nigeria’s CBDC failure?…

Whither Goest Thou, Petro-dollar? And What Now?

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Saudi Arabia Ends 80-Year-Old PetroDollar U.S. Agreement: Joins China-Led Central Bank Digital Currency Coalition

by Brian ShilhavyEditor, Health Impact News

This past Sunday (June 9, 2024) Saudi Arabia made the historical move to not renew an 80-year-old agreement with the United States that established the U.S. Dollar as the world currency to purchase Saudi oil, in what should have been headline news, but seems to have been blacklisted in U.S. financial news publications, even in alternative financial news publications such as ZeroHedge News.

Here is the coverage of this historic event from the The Business Standard, a Bangladeshi daily newspaper.

Saudi Arabia’s petro-dollar exit: A global finance paradigm shift

The crucial decision to not renew the contract enables Saudi Arabia to sell oil and other goods in multiple currencies, including the Chinese RMB, Euros, Yen, and Yuan, instead of exclusively in US dollars. 

Significant financial upheaval is potentially ahead of the financial world as Saudi Arabia has decided not to renew its 80-year petro-dollar deal with the United States.

The deal, which expired on Sunday 9 June, was a cornerstone of the United States global economic dominance.

Originally signed on 8 June 1974, the deal established two joint commissions, one based on economic cooperation and the other on Saudi Arabia’s military needs.

At the time, it was said that it heralded an era of close cooperation between the two countries, says Katja Hamilton of BizCommunity.

This latest development signifies a major shift away from the petrodollar system established in 1972, when the US decoupled its currency from gold, and is anticipated to hasten the global shift away from the US dollar. (Source.)

While I could find no major U.S. English publication covering this as headline news, there was plenty of discussion on Twitter/X.

One U.S. investor, Andrei Jikh, who has over 2 million subscribers on YouTube, published a video on just what the end of the petrodollar means, and that video has accumulated almost 1 million views over the past couple of days.

The video is just over 15 minutes long, but the facts regarding the end of the petrodollar is only covered in the first 12 minutes.

Everything after that is this investor’s views, including his view that people should continue investing in the U.S. Stock market and also invest in Bitcoin, certainly a view that myself and many others would not agree with.

But his summary of the history and significance of the Petrodollar is excellent, and well worth the 12 minutes to watch.

 

The petrodollar agreement between Saudi Arabia and the United States included more than just the agreement to require the purchase of oil with U.S. dollars, as it also included a promise from the U.S. to protect Saudi Arabia militarily, and also contained provisions for establishing the State of Israel in 1948, something that President Roosevelt actually opposed, but was adopted by his successor, President Truman.

The Quincy Pact

Saudi Arabia reportedly did not renew “its 50-year petrodollar agreement with the United States”, an agreement that expired on Sunday, June 9, 2024.

While it is permissible to doubt the existence of a half-century-long agreement, it was indeed in 1974 that the petrodollar emerged. Three short years after the end of the Bretton Woods agreements.

From a historical perspective, the origins of the petrodollar date back even to 1945.

On his way back from the Yalta conference, President Roosevelt made a stop unbeknownst to the British along the Suez Canal. It was aboard his cruiser USS Quincy that he met King Abdulaziz Al Saud.

It will later be said that this meeting birthed the “Quincy Pact.”

This diplomatic anchorage went so well that Roosevelt offered his wheelchair to the Saudi king, who was also disabled.

Despite this goodwill, the king refused to allow Jewish settlement in Palestine.

However, the American president ensured the essential by sidelining British Petroleum in favor of American oil companies.

This tacit agreement prevented the creation of a Jewish state, but Roosevelt would die two months later. His successor, Harry Truman, would be a strong supporter of the founding of Israel.

He would recognize the Hebrew state 11 minutes after the Israelis declared themselves a nation, against the advice of his Secretary of State.

Henry Kissinger’s Masterstroke

It was in 1974 that the second historic meeting between the Saudis and the American government took place. Henry Kissinger had been Secretary of State for a year.

His mission? To impose the dollar on the ingrates of the old continent who dared to demand gold.

His strategy began with an intervention in favor of Israel in the Yom Kippur War.

[For more context, note that Henry Kissinger is Jewish. He fled Nazi Germany at the age of 15 and would return in uniform five years later to fight in France and Germany.]

In retaliation, Arab countries ceased their oil exports, primarily to European nations. The United States, for its part, was self-sufficient. By 1974, the price of a barrel had quadrupled, going from $3 to $12.

This oil embargo was all the easier to implement as the United States had been pushing for years for the emancipation of Iraq, Iran, Kuwait, the United Arab Emirates, Qatar, and Libya from European companies (British Petroleum, Royal Dutch-Shell, and the French Petroleum Company, ex-Total).

Kissinger wanted the price of the barrel to explode to weaken the old continent. He knew well that the American army would have the last word if things escalated, allowing him to impose himself at the heart of international relations.

International discord would reach its peak when President Gerald Ford recognized Jerusalem as the capital of the Hebrew state.

Petrodollar

In response, Saudi Arabia continued to raise the price of the barrel, without knowing that it was playing into the hands of Henry Kissinger, who would ultimately threaten to use force to remedy what he called “the strangulation of the industrialized world”. The London Sunday Times revealed in February 1975 the existence of the “Dhahran Option Four” plan, which planned to invade Saudi Arabia to take possession of its oil wells.

King Faisal would hear these drums of war very clearly. At the end of 1974, he finally gave in to Henry Kissinger’s demands, who promised him the unlimited sale of arms, a backpedal on the Jerusalem issue, and a return of Israel to its 1948 borders (plus a myriad of technologies).

In exchange, Saudi Arabia had to:

1. Sell its oil exclusively in dollars.
2. Invest its dollar surpluses in American debt (It was anyway impossible for a kingdom of 10 million inhabitants to spend the thousands of billions of petrodollars).

All OPEC countries would agree in 1975 to denominate their oil in dollars. Here are the broad lines of the genesis of the petrodollar. King Faisal would be assassinated on March 25, 1975, on the day of the Mawlid, the anniversary of the birth of the prophet Muhammad. Subsequently, Israel would never return to its 1948 borders. (Source.)

I was amazed that this news of the petrodollar agreement ending Sunday was barely mentioned, if mentioned at all, in the corporate news in the U.S.

for the rest of the article, go to:    https://healthimpactnews.com/2024/saudi-arabia-ends-80-year-old-petrodollar-u-s-agreement-joins-china-led-central-bank-digital-currency-coalition/

Governor Noem, Thank You!!!

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South Dakota Gov. Kristi Noem Vetoed Bill to Implement Central Bank Digital Currency (CBDC) in Her State

March 13, 2023 Fox News 5

South Dakota Governor Kristi Noem, 
South Dakota Governor Kristi Noem vetoed a bill passed by the Republican legislature that would have centralized currency through central bank digital currency (CBDC), which Tucker Carlson pointed out is not currency, but is software. He also explained how CBDC can be used as a tool for control. The bill that she vetoed would have changed the definition of money in order to ban cryptocurrency, Bitcoin or other forms of digital currency, paving the way for government-led CBDC. She said the bill was 110 pages long and was sold as an update to guidelines to the Universal Commercial Code (UCC) and was backed by all the state’s financial institutions and banks. She said that the same language used in the bill has been given to 20 other states, sold as a UCC update, to pave the way for the federal government to control currency in order to control the people.Governor Noem shocked Tucker Carlson when she said that the South Dakota state legislature that passed this bill probably did not even read it!

.

from:    https://needtoknow.news/2023/03/south-dakota-gov-kristi-noem-vetoed-bill-to-implement-central-bank-digital-currency-cbdc-in-her-state/

Let’s Protect Our Kids

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6 ‘Noncompliance’ Strategies for Protecting Kids and Teens in 2023

Since 2020, parents have had to contend with increasingly brazen efforts by governments, schools, foundations, Big Tech, Big Pharma and others to hijack, injure or destroy children’s minds and bodies. Here are some strategies for parents to help kids resist the pressure to comply.

protecting children noncompliance feature

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Since 2020, parents have had to contend with increasingly brazen efforts by governments, schools, foundations, Big Tech, Big Pharma and others to hijack, injure or destroy children’s minds and bodies.

Far from being piecemeal or merely opportunistic responses to a convenient “pandemic,” these assaults on children — and adults, too — reflect a well-financed, long-term control agenda aimed at implementation of digital identities, social scoring and “full monitoring and tracking of every human being through … mechanisms already in place.”

At the “Defeat the Mandates” rally in January 2022, Children’s Health Defense Chairman and Chief Litigation Counsel Robert F. Kennedy, Jr., asserted, “Nobody in the history of the planet has ever complied their way out of totalitarian control” and reminded the public, “Every time you comply, you get weaker.”

Kennedy also warned, “they’re coming for our children.”

As if in confirmation, infants, kindergartners and college students were badgered throughout the year to get — and then suffered atrocious damage from — COVID-19 shots, despite overwhelming evidence that the jabs urgently needed to be withdrawn from the market.

Clued in to these and other dangers crowding around their children, a growing number of parents recognized the need for noncompliance.

Keeping noncompliance as the watchword for 2023, here are some actions that could make a real difference in the coming year.

Choose home schooling

In a nine-part series written earlier this year, journalist Corey Lynn of Corey’s Digs described comprehensive social engineering efforts — “obedience training” — rolling out in coordinated fashion in 110 countries, in part via school-based “Social and Emotional Learning” programs.

Implemented by educators, counselors and other professionals in “public schools, charter schools, after-school programs, summer camps, virtual schools and remote schooling,” the goal is, according to Lynn, “shaping minds, regulating emotions, controlling behaviors, instilling twisted beliefs, and building an obedient workforce.”

As Anna L. Noble put it in an April 2022 article in The Defender, “Schools provide a useful testing ground to experiment with ways to hold the attention of children, develop nudges, and elicit desirable behavioral responses.”

Scathing education whistleblower Charlotte Thomson Iserbyt, a now-deceased former senior policy advisor for the U.S. Department of Education, decried the “deliberate dumbing down of America” and traced the education system’s shift “from academics to behavioral modification” back to at least 1965.

Iserbyt observed that the Department of Education did not exist prior to its 1979 creation under the Carter Administration, stating, “There is nowhere in the constitution that calls for a Department of Education.”

Even private schools, under the thumb of the agenda-driven National Association of Independent Schools, appear to have lost any vestiges of “independence,” with enrollment contracts reportedly prohibiting parents “from ‘[voicing] strong disagreement’ with school policy or curricula, under threat of expulsion.”

Instead of continuing to expect something different from an “abusive” educational system, Lynn suggests that home schooling can be a powerful form of noncompliance.

Many parents apparently agree — responding to schools’ disastrous imposition of measures like remote learning and masking in 2020, a record number of households turned to home schooling.

Prior to COVID-19, roughly 3.4% of school-age children were home-schoolers, but by the start of the 2020-2021 school year, the U.S. Census Bureau’s estimate had risen to 11.1%.

Home schooling is now the fastest-growing form of education in the U.S.

Stop the poisoning

Earlier this month, more than a third of parents surveyed (35%) — up from less than one-fourth (23%) in 2019 — questioned school vaccine mandates,

And this was only the latest in a string of reports addressing rising parental ambivalence about “routine” childhood vaccines.

These trends suggest that a critical mass of parents is coming to see vaccines as a “con man trick,” understanding that promises of vaccine safety were false and conflict-of-interest-riddled well before COVID-19 shots came along — and in fact, since the very inception of childhood vaccination programs.

The world’s vaccine experts conceded this point in a roundabout manner at a World Health Organization Global Vaccine Safety Summit in late 2019, as did Danish researcher and long-time vaccine insider Christine Stabell Benn at around the same time.

Benn commented, “Vaccination opponents are justified in being concerned [about safety],” adding:

“No vaccines have been studied for their non-specific effects on overall health, and before we have examined these, we cannot actually determine that the vaccines are safe.”

Benn’s colleague Peter Aaby admitted, also in 2019, “Most of you think that we know what all our vaccines are doing; we don’t.”

In mid-2021, Benn and Aaby cautiously argued against COVID-19 shots for children in the high-status BMJ scientific journal.

Given the shocking odds of vaccine injury that already prevailed prior to COVID-19 — conservatively estimated in a 2010 government-commissioned report at one in every 39 vaccines administered — it is not surprising that the carnage from COVID-19 jabs would now be swelling the ranks of questioners and “ex-vaxxers.”

However, vaccination — even with its payload of known and undisclosed toxic ingredients and apparent batch-to-batch variability — is far from the only vehicle for poisoning our most vulnerable.

Parents willing to do their own research and forge their family’s own nutritional and healthcare path will find that it may be within their reach to lessen, if not entirely eliminate, their children’s exposure to other common poisons such as food additives, glyphosate, organochlorine and organophosphate pesticides and over-the-counter drugs like acetaminophen, all of which come with vastly underreported dangers.

Reduce screen time

In 2006, author Richard Louv coined the term “nature-deficit disorder” in the subtitle to his book “Last Child in the Woods,” suggesting that today’s “wired generation,” with parents’ conscious or unconscious permission, has unwisely prioritized screens over time in nature.

With the worsening of children’s screen habits over the past several years, the nature deficit has become a “hot topic.”

Worried researchers also describe how screens are displacing “developmentally beneficial activities” as basic as sleep, physical activity, family interactions and book reading.

The related problem of screen or social media addiction — linked not just to sleeplessness but to eating disorders and outcomes like suicide — has become the focus of lawsuits alleging that social media companies “aggressively” deploy algorithms designed to addict children and adolescents.

Discovering the major role that “social influencers” seem to play in the exploding phenomenon of “rapid onset gender dysphoria” among girls, author Abigail Shrier’s top recommendation in her book, “Irreversible Damage: The Transgender Craze Seducing Our Daughters,” is to not give one’s daughter a smartphone.

As “Financial Rebellion” and the Solari Report’s Catherine Austin Fitts explains, “Children are targets of some of the most powerful people and dangerous technology on the planet,” and it is parents’ job to “understand this and protect them.”

Teach kids to use cash, not plastic

In late 2020, Bank for International Settlements General Manager Augustín Carstens shared central bankers’ unfriendly vision of a monetary system enabling complete control of all transactions through central bank digital currencies (CBDCs) which, ominously, would also allow central banks to turn people’s money on and off at will.

Unfortunately, the younger generations are marching heedlessly toward this dystopian vision, with millennials, according to 2021 research by Capital One, “increasingly moving away from cash spending” in favor of digital payment systems.

Pushing a “convenience” narrative, some banks — seemingly unaware that CBDCs threaten their own future — are promoting the cashless agenda by offering high school debit cards that double as school ID cards, telling parents they’ll no longer have to “worry about lost lunch money.”

Fitts is a strong proponent of revitalizing the use of cash.

Parents can help by not only being cash role models themselves but by having their children “start handling cash when they are young.”

In 2015, Editor-at-Large Janet Bodnar of Kiplinger’s Personal Finance opined that “using cash is the best way to get young minds thinking wisely about money,” including older teens who can benefit from “the discipline of managing a stash of real cash.”

Bodnar dismissed as flawed the parental argument that plastic can teach kids “financial responsibility.”

A British math expert told The Guardian in 2021, “Being able to handle money and buy something yourself is very special: it builds up your confidence with money.”

Don’t fall for mental health traps 

Over the years, many parents have learned to be wary of recommendations coming from the Centers for Disease Control and Prevention (CDC), an agency so accustomed to conflicts of interest and fake science that it is not embarrassed to use the same PR firm as Big Pharma.

Thus, calls for more mental health screening and greater access to “care” — from birth through young adulthood — by CDC and CDC/pharma front groups like the American

Academy of Pediatrics deserve careful scrutiny.

As recently outlined in The Defender, cradle-to-grave psychiatric surveillance is a stealth tool for social control, and also risks stigmatizing and potentially life-threatening consequences like overdiagnosis, overmedicalization and overmedication.

Schools increasingly serve as the delivery mechanism for mental health screening and services, but as the Los-Angeles-based Citizens Commission on Human Rights (CCHR) — a mental health watchdog group — warned in a fact sheet, the “subjective and unscientific” mental health screening tools that schools are using are “developed by psychiatrists predominantly with financial ties to the pharmaceutical industry.”

According to CCHR:

“Mental health screening asks young students embarrassing, personal and potentially upsetting questions that psychiatrists have worded in such a way that no student could escape being labeled mentally ill at some point during their education.”

CCHR adds, “These questionnaires can result in psychological or psychiatric intervention in the lives of a child and his or her family — often against their will or under threat.”

For households that are not home schooling, the watchdog group recommends that parents become aware of what is happening, sign exemption forms prior to mental health screening or counseling and “unite to get psychiatric screening expelled from schools.”

Stop financing the enemy

Author and researcher Dr. Naomi Wolf recently braved the cold in front of her alma mater Yale University to make the case that the university’s COVID-19 vaccine mandates turn students into “medical hostages” and constitute human trafficking.

In her Substack account of the Yale visit, Wolf described conversations with parents, who said “their children had begged them not to speak out, not to call the Dean, not to advocate for them to protect them from these injections, in any way,” due to the fear of reprisal and expulsion.

However, parents have a duty to make sure their young people understand what they are trading off for prestige — including, potentially, their health, their future fertility or their life.

Moreover, even if, as Wolf alleges, universities are now more beholden to government contracts than to those who pay tuition, college students and their parents still represent a powerful economic bloc capable of voting with their feet.

One tool at parents’ disposal, suggests Wolf, is to escrow potential donations to show universities the funds they are missing out on.

But parents who give their current or soon-to-be college students the permission and courage to shun any higher education institution that shows itself willing to poison them and deprive them of their constitutional freedoms can offer their children an even more powerful life lesson.

A high school student who recognized that “mandates will not end as long as we participate” developed a letter for college admissions offices (available as a template for others) that says:

“At this time, I’m only considering schools, colleges or universities that do not require a Covid-19 vaccine and that would mean the initial series, any boosters and including upcoming requirements to be considered ‘up to date.’ Medical freedom and body autonomy are my highest priority.”

Say no to the control grid

Although this article has focused on measures to protect young people, the control grid — in the form of interventions like digital IDs, vaccine passports and CBDCs — is also coming after adults.

As Kennedy wrote in the afterword to his bestseller, “The Real Anthony Fauci,” “We can bow down and comply … Or we can say no. We have a choice, and it is not too late.”

CHD.TV’s “Financial Rebellion” offers weekly suggestions on how to not comply.

In Kennedy’s words:

“We can say no to compliance with jabs for work, no to sending children to school with forced testing and masking, no to censored social media platforms, no to buying products from the companies bankrupting and seeking to control us. These actions are not easy, but living with the consequence of inaction would be far harder. By calling on our moral courage, we can stop this march towards a global police state.”

from:    https://childrenshealthdefense.org/defender/protecting-kids-teens-noncompliance/

Digital (Control) Money Being Tested

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New York Fed announces test of digital dollar with major banks

The Federal Reserve Bank of New York and major banks will launch a three-month test of a digital dollar in hopes of studying its feasibility.

The initiative was announced by the regional Federal Reserve bank and nearly a dozen financial institutions on Tuesday. A news release referred to the experiment as a “proof-of-concept project” in which the banks will work with the Fed’s New York Innovation Center to simulate digital money representing the deposits of their own customers and settle them through simulated Fed reserves on a distributed ledger.

“The [project] will also test the feasibility of a programmable digital money design that is potentially extensible to other digital assets, as well as the viability of the proposed system within existing laws and regulations,” according to the news release.

The news comes as cryptocurrency and blockchain technology have exploded to prominence in the mainstream financial world. While the flagship cryptocurrency bitcoin peaked a year ago and has since been in precipitous decline, the technology behind such tokens has attracted interest from not only private financial institutions but also central banks across the globe.

FED’S POWELL SAYS HE IS ‘LEGITIMATELY UNDECIDED’ ON CENTRAL BANK DIGITAL CURRENCY

In January, the Fed took a first step toward weighing the use of a central bank digital currency when it released its much-anticipated discussion paper and opened a four-month public comment period to receive input.

The paper said that a CBDC could streamline cross-border payments and could further enshrine and preserve the dominance of the dollar’s international role, including as the world’s reserve currency.

The findings of the new pilot project will be released after the 12-week test concludes, and the Fed has stressed that the experiment is not intended to advance any specific policy outcome or hint that the Fed is planning to make any big decisions about a central bank digital currency in the near future.

CLICK HERE TO READ MORE FROM THE WASHINGTON EXAMINER

Still, the project is sure to excite proponents of a digital dollar because it at least shows that the central bank is engaged with the concept enough to partner with private banks and run tests about its feasibility. Still, critics have warned that a digital currency maintained by the government could lead to a loss of privacy.

“The NYIC looks forward to collaborating with members of the banking community to advance research on asset tokenization and the future of financial market infrastructures in the U.S. as money and banking evolve,” said Per von Zelowitz, director of the New York Innovation Center.

https://www.washingtonexaminer.com/policy/economy/fed-banks-digital-dollar-test

Digital Currencies = Digital Control

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WARNING: Rishi Sunak Will Usher In A Technocratic Age Of Global Totalitarianism Using Central Bank Digital Currencies

POSTED BY: RHODA WILSON VIA THE EXPOSE NOVEMBER 3, 2022

With the appointment of Rishi Sunak as Prime Minister, the United Kingdom has jumped from the frying pan into the fire. Sunak is an outspoken advocate for Central Bank Digital Currency (CBDC) that would replace the existing system of fiat currencies in the world. This would be the capstone for Technocracy. ⁃ TN Editor

The financial infrastructure of the Great Reset has arrived as Rishi Sunak was named the next UK Prime Minister without a vote – welcome, global currency.

On 14 October 2021, the Group of 7 (“G7”) published a set of Public Policy Principles for Retail Central Bank Digital Currencies (“CBDCs”).  This was published “alongside a G7 Finance Ministers and Central Bank Governors’ Statement on CBDCs and digital payments.”

If you are still unsure why CBDCs will bring about the end to our freedoms there are numerous resources available but you can start by exploring articles we’ve previously written about this subject HERE.

The G7 report was compiled by the CBDC drafting group consisting of representatives from finance ministries, and central banks of the G7 alongside invited contributors from other central banks and international organisations.  The list of contributors to the public policy principles can be seen on pages 26 and 27 of the report and includes representatives from the G7 countries as well as the European Union, Switzerland, Bank for International Settlements (“BIS”), Organisation for Economic Co-operation and Development (“OCED”), International Monetary Fund (“IMF”) and the World Bank.

Recently installed Prime Minister Rishi Sunak proudly announced the launch of the G7’s new report on Central Bank Digital Currencies.

 

With Japan feeling the pressure as China moved forward with a digital yuan in February 2020, the G7’s formal discussions about digital currencies started later that year when The Bank of Japan set up a digital currency working group.  CBDCs were raised again in 2021.

The 2021 G7 Leaders’ Summit held in Cornwall, England, on 11-13 June was presided over by the UK with the aim to “help the world build back better from the Covid-19 pandemic and create a greener, more prosperous future.” The UK invited Australia, India, South Korea and South Africa as guest countries to the meeting.

However, what the stated aims didn’t mention was “digitalisation.” After the Summit, International Institute for Sustainable Development (IISD) wrote that G7 leaders endorsed a shared agenda on a series of trade topics. They called for new rules that would reflect “transformations underway in the global economy, such as digitalisation and the green transition.”  It’s worthwhile noting that IISD is chaired by BlackRock Managing Director Michelle Edkins.

A week before the G7 Summit, on 4-5 June 2021, G7 finance ministers met in London joined by the Heads of IMF, World Bank Group, OECD and Eurogroup to discuss CBDCs. As UK Chancellor of the Exchequer, Rishi Sunak hosted the meeting of the G7 finance ministers. And now he is Prime Minister.

The financial markets are effectively an extension of the World Economic Forum (“WEF”).  The markets didn’t like Liz Truss. They reacted instantly to her government’s proposed policies and by doing so revealed who really drives the UK government’s policies.  Upsetting the markets could have been the reason for her resignation but we could also speculate whether the sabotage of the Nord Stream Pipeline had a part to play.

Whatever the reason for Truss’ resignation, it is no coincidence that the markets like Sunak.  Sunak is WEF’s puppet. Simply Wall St wrote in its latest Market Insights report:

Things continue to move quickly in the UK, with Rishi Sunak taking over as Prime Minister less than a week after Liz Truss resigned. The Conservative Party has come full circle, from electing a leader seemingly oblivious to market forces, to electing a former hedge fund manager who we presume knows all about markets.

Simply Wall St may want to revisit what Sunak’s previous role as a “hedge fund manager” entailed while working for Patrick Degorce at The Children’s Investment Fund Management and Thélème Partners.  It seems he knows less about markets than has been claimed.

Last week Jack Posobiec, host of Human Events Daily, commented on the significance of Sunak’s appointment.  “The financial infrastructure of the Great Reset has arrived as Rishi Sunak was named the next UK Prime Minister without a vote – welcome, global currency,” he said.

Read full story here…

from:    https://www.technocracy.news/warning-rishi-sunak-will-usher-in-a-technocratic-age-of-global-totalitarianism-using-digital-currencies/