The Dangers of Central Bank Digital Currency

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

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?

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!!!

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

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!

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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

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.

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Since 2020, parents have had to contend with increasingly brazen efforts by governmentsschoolsfoundationsBig TechBig 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, infantskindergartners 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 additivesglyphosateorganochlorine 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 IDsvaccine 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

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

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

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 puppetSimply 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/