The Currency Reset and CBDCs

Two interesting videos about the coming financial reset and CBDC.

and part 2.

Clive Thompson is a retired Managing Director at Union Bancaire Privée, UBP SA at UBP - Union Bancaire Privée in Switzerland.

Thompson has fairly mainstream views, although he is no fan of the tyranny of CBDCs. Both speakers are good at bringing up previous "resets" and financial manipulations by governments and their banksters. Apart from the financial reset, what both hate is the tyranny of programmable money - the new surveillance economy.

There are a few comments about cryptos but much of it is about which investments may survive the coming flood. I have for some years thought that the crypto industry was one large laboratory for CBDCs. I mean, no bankster wants their surveillance currency to crash or be hacked, so they need the techies to battle-harden the systems.

Economics is a fake "science" - along with political and social "sciences". Banksters bought themselves a Nobel Prize to make themselves appear legitimate. The prize is called "The Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel".

The mathematics of the monetarist debt-economy is really not very hard, and not very different to the numerous crypto ponzinomics; eventually, you debase the currency. But, while that happens, you buy up real assets, mainly land and the products of land, such as agriculture and mining - plus other intellectual property... and weapons.

The huge social con of so-called central banks is that they are "independent of government". But what does that mean? It means they are dependent on the banksters. Their alleged independence may make them less prone to fickle politicians, but instead they are in the grip of rapacious banksters and their industrialist friends. Pointing the finger at governments all the time is a way to hide their true power and also to screw the people.

Now that democratic elections are fake, government agencies captured by corporations and the people under near-constant surveillance, there are no mainstream fixes left - NONE.

Going back to Clive Thompson, I'm glad he also noted with dismay how the USA buried their M3 money supply measure so as to hide their ballooning balance sheet. The UK still publishes M3 and one can see its horrific climb.

I have to disagree on a few points Thompson makes, such as his view that this is not an engineered crisis. It is absolutely engineered, and planned from way back in the early 1900s. Even before the current monetarist trap, those few paying attention, such as Thomas Jefferson, could easily foresee the future.

"And I sincerely believe with you, that banking establishments are more dangerous than standing armies; & that the principle of spending money to be paid by posterity, under the name of funding, is but swindling futurity on a large scale" (1816) [Private Banks] Just like scientific theories, conspiracy theories can be proved correct.

I have said many times that the black hole in derivatives would dwarf the combined debts of all governments, but nobody would shed a tear for banksters going broke. Hence, the pain must be placed on governments and their people. This is at the heart of the scam. Very few people who ever reach the levers of government are not bought off.

The words of Woodrow Wilson should still send a shiver down the spines of the spineless citizens that believe everything they are told.

(I am a most unhappy man. I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit.) Our system of credit is concentrated. The growth of the nation, therefore, and all our activities are in the hands of a few men. We have come to be one of the worst ruled, one of the most completely controlled and dominated Governments in the civilized world - no longer a Government by free opinion, no longer a Government by conviction and the vote of the majority, but a Government by the opinion and duress of a small group of dominant men.

Interesting how the truth of a statement becomes distorted and then accused of fakery, even though the original says pretty much the same thing. This is a standard tactic of the tyrants-of-truth: distort then reject. You can read the book and the relevant chapter here. Wilson tries hard not to sound conspiratorial, but he knew - he saw it and could do nothing to stop it. He writes about how the mis-named "trusts" crush the individual.

The fiat ponzi game is over for this cycle. What can an individual do? I agree with some of Thompson's advice regarding assets. If you have property, keep hold of it. But remember that it is not yours until you have paid off the loan. The idea that the reset will involve a large dose of "debt forgiveness" strikes me as unlikely for the average person; it just doesn't hang well with the communist surveillance future. As for gold and silver, governments have been known to confiscate such precious metals, and make it illegal to trade them by consumers.

Everything is a hedge, so diversify your hedges. One must also consider those things that have energy, whether financial value or not, such as fuels and food. Worth watching the videos for more details.