Tag: economics
Biden signs order to study “digital dollar”
Joe Biden plans to sign an executive order on Wednesday to study the concept of a “digital dollar” currency to compete with Bitcoin.
“We’re placing the highest urgency on the effort to assess the potential benefits and the risks of a digital dollar on payment systems, on financial stability, on national security, on the implications for human rights, and financial inclusion,” a senior administration official told reporters in a briefing call on Tuesday.
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Russian Judo Tears the West Apart: Washington’s sanctions on Moscow will destroy Europe, not Russia
…Moscow has not even announced its own package of counter-sanctions. Yet an official decree “On Temporary Order of Obligations to Certain Foreign Creditors,” which allows Russian companies to settle their debts in rubles, provides a hint of what’s to come.
Russian counter-measures all revolve around this new presidential decree, signed last Saturday, which economist Yevgeny Yushchuk defines as a “nuclear retaliatory landmine.”
It works like this: to pay for loans obtained from a sanctioning country exceeding 10 million rubles a month, a Russian company does not have to make a transfer. They ask for a Russian bank to open a correspondent account in rubles under the creditor’s name. Then the company transfers rubles to this account at the current exchange rate, and it’s all perfectly legal.
Payments in foreign currency only go through the Central Bank on a case-by-case basis. They must receive special permission from the Government Commission for the Control of Foreign Investment.
What this mean in practice is that the bulk of the $478 billion or so in Russian foreign debt may “disappear” from the balance sheets of western banks. The equivalent in rubles will be deposited somewhere, in Russian banks, but western banks, as things stand, can’t access it.
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The American Empire Self-Destructs; But nobody thought that it would happen this fast
Empires often follow the course of a Greek tragedy, bringing about precisely the fate that they sought to avoid. That certainly is the case with the American Empire as it dismantles itself in not-so-slow motion.
The basic assumption of economic and diplomatic forecasting is that every country will act in its own self-interest. Such reasoning is of no help in today’s world. Observers across the political spectrum are using phrases like “shooting themselves in their own foot” to describe U.S. diplomatic confrontation with Russia and allies alike.
For more than a generation the most prominent U.S. diplomats have warned about what they thought would represent the ultimate external threat: an alliance of Russia and China dominating Eurasia. America’s economic sanctions and military confrontation have driven these two countries together, and are driving other countries into their emerging Eurasian orbit.
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The Motive for the Strategic Creation of BRICS Resurfaces in the Ukraine Conflict
…The BRICS economic partnership was formed during the Obama administration. Brazil, Russia, India, China and South Africa (BRICS) saw President Obama sub-contracting, actually giving away, U.S. trade policy to the U.S. Chamber of Commerce. In the aftermath of the 2007 economic crisis created by the financial system, the BRICS group connected two central points that concerned them.
In the aftermath of the great housing/financial crisis, the relationships around the World Bank (WB), International Monetary Fund (IMF), EU central banking system and various multinational institutions and, more importantly, multinational corporations, merged even closer with the government. The priorities of the Davos and World Economic Forum (WEF) crowd was now virtually indistinguishable from many national governments.
We are fifteen years downstream from that inflection point and we are now seeing the outcomes. The WEF is now giving direct instructions to installed politicians for government policy. Put another way, multinational corporations are now telling government officials what to do.
Think of “The Great Reset” or “Build Back Better” or climate change, as examples. Worse yet, those governments are doing exactly what the WEF has told them to do.
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Very important article, a must-read. ABN
Facing Financial Peril and a Pending Senate Rebuke, Prime Minister Justin Trudeau Revokes Emergency War Measures Act
In the bigger picture, the Canadian banking and financial system was hit hard by the deployment of the Emergency Act which highlighted the ability of the government to arbitrarily freeze and seize money, assets and financial investment capital without any due process.
There are also strong rumors in the financial sector, that in addition to Canadians removing money from the banking system, previous investment funds from Hong Kong had been moved – and, making matters even worse, digital currency exchanges were no longer offering secure services in Canada.
Simultaneous to the mounting domestic and international backlash against the financial system, the Canadian Senate was likely to rebuke the government of Justin Trudeau and not support the invocation of the Emergency War Measures Act against Canadian citizens.
link with video of Trudeau trying to polish a pile of his own shit and blame it on others
It looks like this development is connected to the post just below: “The World Economic Forum agrees that banks and financial institutions should lead the path forward for digital ID… One interconnected network” to rule you all.
See this for more: BOOM, Trudeau Reversal Motive Surfaces – Canadian Banking Association Was Approved by World Economic Forum To Lead the Digital ID Creation
“The World Economic Forum agrees that banks and financial institutions should lead the path forward for digital ID… One interconnected network” to rule you all
This is the nightmare scenario in plain English. This is not a parody. I guess now we know who controls the WEF. ABN
Here’s the pitch being used in Europe: Digital Identity for all Europeans
The European Digital Identity will be available to EU citizens, residents, and businesses who want to identify themselves or provide confirmation of certain personal information. It can be used for both online and offline public and private services across the EU.
Who Killed Alta? The Tragedy of the Best Electric Motorcycle
CA Fitts with Ulrike Granögger on digital detention camps that follow you around
This discussion ties in well with what Robert Epstein said not long ago: GOOGLE: “The most powerful mind-control machine ever invented”: Dr Robert Epstein on Joe Rogan. ABN
Alex Thompson: City of London and historical background of world economics today
“The bottom line is this: Insurance companies reported this week mortality is up in ’21 versus ’20 despite vaccines… We saw a spike in younger, working-age individuals also coinciding with the vaccine mandates in Q3”: Edward Dowd
What Dowd is saying corroborates what Steve Kirsch, Mathew Crawford, Jessica Rose and many others are saying—that the vaxxes are causing massive death and injury. Supporters of the disgraced “Narrative” are trying to blame the unvaxxed but that does not appear to be the case. Bannon talks over Dowd too much in this clip, as usual. Below is an earlier video that provides background for Dowd’s reasoning. ABN
“This is about political warfare and information warfare. It’s about power and money”: Dr Robert Malone
Man understands KOBK. You should too. Real people are doing this. ABN
How Much Is Trump’s New Social-Media Company Worth? Traders Can’t Decide
Traders are struggling to place a consistent value on Donald Trump’s new social-media venture, a business that hasn’t offered much in the way of details but one that supporters think is destined to take off.
Shares and warrants of Digital World Acquisition Corp., the special-purpose acquisition company that is merging with Trump Media & Technology Group, tell two different valuation stories. The SPAC’s shares have traded around $80 in recent days, preserving a 700% rally since the deal was announced in October. They are up more than 60% this year, bucking a broad selloff that has sent other SPACs and stocks that are popular among individual investors, such as GameStop Corp., tumbling.
The stock’s current price implies a valuation of several billion dollars for Mr. Trump’s startup, a remarkable figure considering little is known about the company other than that it plans to launch a new social-media platform called Truth Social and capitalize on his following. The company said in December it had $1 billion in commitments from investors as part of its SPAC deal and that California Republican Rep. Devin Nunes was leaving the House of Representatives to become the company’s chief executive.
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How the cycle of money works to keep you from knowing important stuff
Meta, Amazon, and Google accounted for more than half of all internet industry lobbying in 2021. In other words, CIA/Cabal assets, used CIA/Cabal profits to support CIA/Cabal propaganda supporting CIA/Cabal agents occupying CIA/Cabal political offices they were appointed to in rigged elections.
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American Buddhist Net 