03-30-2023, 10:16 PM
THE FINAL COUNTDOWN HAS BEGUN ARE YOU READY FOR THE NEW DAJALLIC WORLD ORDER WE HAVE BEEN WARNING YOU ABOUT?
WHY CRASHING BANKS WILL USHER IN DIGITAL CURRENCY
Dr. Joseph Mercola
https://www.globalresearch.ca/why-crashi...ign=magnet&utm_source=article_page&utm_medium=related_articles
Three large banks failed in a single week in March 2023, and the ripple effect could easily take down the entire banking system. The cascading bank failures began March 8 with the shut down and liquidation of the crypto bank Silvergate Capital. It had invested deposits in Treasury bonds, which lost value as interest rates were hiked to stem inflation.
March 10, Silicon Valley Bank (SVB) failed. It too was invested in government bonds, which again became a problem when customers began making large fear-based withdrawals. This was the second largest bank failure in U.S. history, and the largest since the financial crisis in 2008.
Spooked by the failure of Silicon Valley Bank, Signature Bank customers withdrew more than $10 billion in the days that followed, resulting in the shutdown of Signature Bank on March 12.
Government regulators have promised to make customers of the two banks “whole” by insuring all funds, not just the first $250,000. Only select “too big to fail” banks will be eligible for this kind of special treatment. Small local banks will not be eligible.
The most likely outcome of this bailout system is a consolidation of banks until we’re left with just a small number of mega-banks. This consolidation, in turn, will facilitate the rollout of a central bank digital currency (CBDC), as the banking industry will be a tight-knit monopoly.
Three large banks failed in a single week in March 2023, and the ripple effect could easily take down the entire banking system, although government officials insist the banking sector “remains strong” and that the problems faced by these banks “do not appear to be widespread.”1
Cascading Domino of Bank Failures
The cascading bank failures began March 8 with the shut down and liquidation of the crypto bank Silvergate Capital.2 As reported by Government Executive:3
“During 2022, Silvergate’s deposit base grew dramatically, almost doubling its assets to $210 billion. But the bank did not have either the administrative capacity or market demand to lend out all of the money, as banks normally do.
So, it invested the excess deposits in Treasury bonds and mortgage investment products. But the bond purchases became a problem as the Federal Reserve began to raise interest rates to address inflation.”
Two days later, March 10, Silicon Valley Bank (SVB) — the 16th largest bank in the U.S.4 — failed. It too was invested in government bonds, which again became a problem when customers began making large fear-based withdrawals. This was the second largest bank failure in U.S. history, and the largest since the financial crisis in 2008.
Allegedly “spooked” by the failure of Silicon Valley Bank, Signature Bank customers then withdrew more than $10 billion, resulting in the shutdown of Signature Bank on March 12, making it the third-largest bank failure in history.5,6
The Federal Deposit Insurance Corp. (FDIC) took control of Silicon Valley Bank and Signature, and government regulators have promised to make all customers “whole” by insuring all funds, not just the first $250,000. In other words, government is bailing out the banking system yet again, on the taxpayers’ dime.
Within a week, Signature was bought up by Flagstar Bank, a subsidiary of New York Community Bancorp (one of the largest banks in the U.S.).7 According to the FDIC, anyone who had deposits at Signature Bank will automatically become a client of Flagstar Bank, except for crypto banking clients, as Signature’s digital banking business was not included in Flagstar’s bid.8
The FDIC is also left holding $11 billion-worth of “toxic waste debt” in the form of commercial real estate loans for rent-regulated buildings, as this debt portfolio was also rejected by Flagstar.9 The FDIC is still looking for a buyer for Silicon Valley Bank.
Is the US Banking System Really Sound?
President Joe Biden’s comments shortly after the three bank failures was that “Americans can have confidence that the banking system is safe” and that “Your deposits will be there when you need them.” Treasury Secretary Janet Yellen also insists the U.S. banking system “remains sound.”10
Should we believe them? Probably not. Within days of those statements, the contagion had already spread to Credit Suisse, the largest bank in Switzerland. After government initially stepped in to cover some of the losses, the Swiss banking giant was sold to the UBS Group.11 The acquisition was announced March 19.
It’s hard to believe the ripple effects of bank failures of this magnitude can really be stopped. The question is, should we even try? As reported by Government Executive,12 government has no obligation to step in and bail these banks out under current banking regulations.
What’s more, the biased bailout system now being put into place will virtually guarantee further bank consolidations and the widespread rollout of a central bank digital currency (CBDC). As reported by Newsweek March 16, 2023:13
“During a Senate Finance Committee hearing, Yellen was grilled by Oklahoma GOP Senator James Lankford over the Biden administration’s handling of the banking crisis, which saw the federal government offer a multibillion-dollar bailout to Silicon Valley Bank (SVB) after a bank run left it without enough cash to back up hundreds of millions of dollars of its clients’ deposits. Most of those deposits were not insured.
To address the crisis, U.S. bank regulators announced a plan last weekend to fully insure all deposits at SVB as well as the crypto-friendly Signature Bank.
This would cover all deposits above the Federal Deposit Insurance Corp.’s insured limit of $250,000. Federal officials said the plan would be paid for by a special fee levied on all FDIC institutions.
While all banks would be required to pay for the plan, Yellen said under questioning Thursday that it would not apply to every bank. She said the federal government would extend the privilege only to troubled banks whose failure would have a profound impact on the U.S. financial system.
Uninsured deposits, Yellen said, would be covered only if a ‘failure to protect uninsured depositors would create systemic risk and significant economic and financial consequences,’ which would be decided by a supermajority of the FDIC’s board members, Yellen, and the President …
In further questioning, Lankford asked Yellen whether that policy’s implication would be that small banks would become less appealing to depositors with accounts exceeding the FDIC’s $250,000 insurance threshold …
Amid the sharp increase in bank mergers over the past decade, Lankford expressed concern that the trend could only accelerate under current policy, causing the U.S. banking system to become less resilient.
“I’m concerned you’re … encouraging anyone who has a large deposit at a community bank to [hear], ‘We’re not going to make you whole, but if you go to one of our preferred banks, we will make you whole,'” Lankford told Yellen. Yellen replied, ‘That’s certainly not something that we’re encouraging.'”
And yet that’s exactly what this policy will be encouraging. Actions speak louder than words, and in this case, the outcome of this policy is quite clear, regardless of what Yellen is saying.
To recap, the FDIC will only insure deposits up to $250,000 if your money is in a small bank, but if your money is in a big bank, uninsured deposits over that amount will be covered as well, should the bank fail.
Why Bank Crashes Will Facilitate CBDC Rollout
Adding insult to injury, while the system is clearly biased and won’t protect everyone, all banks (and hence account holders) will be forced to pay this “special fee” to the FDIC that will, supposedly, insure all these uninsured deposits at preferred banks.
The most likely outcome of this bailout system is a consolidation of banks until we’re left with just a small number of mega-banks. We’re already starting to see the early phases of this, with “the big three” — Bank of America, Citigroup and Wells Fargo — reporting14 a deposit spike in the wake of the SVB collapse and Yellen’s announcement that only certain preferred banks will be covered above FDIC insurance limits.
Banking Crisis 3.0: Time to Change the Rules of the Game
This consolidation, in turn, will facilitate the rollout of a central bank digital currency (CBDC), as the banking industry will be a very tight-knit monopoly. Let’s say there are only half a dozen banks in all of America. All they have to do is make the switch to CBDC as a group, and anyone with a bank account in America will be automatically trapped in the new system. As reported by News Punch:15
“What we are seeing is a push towards Global Government that is being camouflaged and cloaked in humanitarianism, multiculturalism, as well as manufactured threats such as global warming and pandemics in order to condition the population into accepting globalization and a One World Government.
In order for this to occur the elite are planning to create a global financial crisis the likes of which the world has never seen. Out of the ashes of this financial crisis will rise the phoenix of is a New International Economic Order. The public will be told that the new order is the only way to stabilize the world economy and save what little remains of their wealth …
People often ask why the globalist elite would collapse the world economy. Wouldn’t that mean they destroy their own wealth in the process? The answer is no. The elite have been consolidating their wealth in order to protect it for centuries … When the world financial system finally crashes the elite will be positioned to buy what’s left for pennies on the dollar.
Where does this leave the rest of the world financially? The answer is in bondage to a Techno-Communist World Governmental System led by the World Economic Forum in Davos and the hidden hands that control the public face of that cabal. If you pay attention now you can see that everything around you is being engineered towards this one goal …
The globalist elite are also forcing their vassal states to move towards centralizing currency in the form of a … CBDC, which by the way, is not currency at all – it is software designed as a tool of total social control … If they can cancel out your bank balance with a single keystroke, then you have no freedom, no autonomy. You are a slave …”
This consolidation, in turn, will facilitate the rollout of a central bank digital currency (CBDC), as the banking industry will be a very tight-knit monopoly. Let’s say there are only half a dozen banks in all of America. All they have to do is make the switch to CBDC as a group, and anyone with a bank account in America will be automatically trapped in the new system. As reported by News Punch:15
“What we are seeing is a push towards Global Government that is being camouflaged and cloaked in humanitarianism, multiculturalism, as well as manufactured threats such as global warming and pandemics in order to condition the population into accepting globalization and a One World Government.
In order for this to occur the elite are planning to create a global financial crisis the likes of which the world has never seen. Out of the ashes of this financial crisis will rise the phoenix of is a New International Economic Order. The public will be told that the new order is the only way to stabilize the world economy and save what little remains of their wealth …
People often ask why the globalist elite would collapse the world economy. Wouldn’t that mean they destroy their own wealth in the process? The answer is no. The elite have been consolidating their wealth in order to protect it for centuries … When the world financial system finally crashes the elite will be positioned to buy what’s left for pennies on the dollar.
Where does this leave the rest of the world financially? The answer is in bondage to a Techno-Communist World Governmental System led by the World Economic Forum in Davos and the hidden hands that control the public face of that cabal. If you pay attention now you can see that everything around you is being engineered towards this one goal …
The globalist elite are also forcing their vassal states to move towards centralizing currency in the form of a … CBDC, which by the way, is not currency at all – it is software designed as a tool of total social control … If they can cancel out your bank balance with a single keystroke, then you have no freedom, no autonomy. You are a slave …”
UCC Code Update Is Stealth Attempt to Steal Our Freedom
The fact that CBDCs are intended as financial shackles to control you within what amounts to an open-air prison is also noted by South Dakota Gov. Kristi Noem16 in the Fox News interview above.
She highlights a proposed Uniform Commercial Code (UCC) update that seeks to redefine “currency” to exclude decentralized crypto currencies, effectively putting the government on the path to a CBDC monopoly. Noem vetoed the bill and is urging other states to reject it as well.
The UCC Code is a set of laws that govern commercial transactions in the U.S. While not a federal law, it’s a set of laws that states agree to adopt in a uniform fashion to facilitate interstate business. So, it appears they intend to begin the financial takeover by rolling out the CBDC on the state level first, and legislators who believe in freedom must denounce all such plans.
Government Bonds Are Now the ‘Toxic Asset’
According to News Punch,17 the destruction of Silicon Valley Bank was intentional. While I cannot vouch for that, it’s interesting to note that SVB was in relatively good shape before it went kaput overnight.
As explained by the Sovereign Research and Advisory Group in an article titled “If SVB Is Insolvent, So Is Everyone Else,”18 the 2008 banking crash occurred because Lehman Brothers and other banks had used depositors’ money to buy extremely risky no-money-down mortgage bonds.
While the economy was good, banks earned hefty profits from these toxic assets, but as soon as the economy downshifted, these toxic securities plunged in value and wiped them out.
This time, however, the toxic asset is not mortgages obtained by people with no job, income or history of paying their bills. No, this time, it’s U.S. government bonds that are sinking banks, and these bonds are supposed to be the safest investment there is. Sovereign Research and Advisory Group writes:19
“Silicon Valley Bank was no Lehman Brothers. Whereas Lehman bet almost ALL of its balance sheet on those risky mortgage bonds, SVB actually had a surprisingly conservative balance sheet.
According to the bank’s annual financial statements from December 31 of last year, SVB had $173 billion in customer deposits, yet “only” $74 billion in loans. I know this sounds ridiculous, but banks typically loan out MOST of their depositors’ money.
Wells Fargo, for example, recently reported $1.38 trillion in deposits. $955 billion of that is loaned out. That means Wells Fargo has made loans with nearly 70% of its customer’s money, while SVB had a more conservative ‘loan-to-deposit ratio’ of roughly 42%.
Point is, SVB did not fail because they were making a bunch of high-risk NINJA loans. Far from it. SVB failed because they parked the majority of their depositors’ money ($119.9 billion) in US GOVERNMENT BONDS. This is the really extraordinary part of this drama.
US government bonds are supposed to be the safest, most ‘risk free’ asset in the world. But that’s totally untrue, because even government bonds can lose value. And that’s exactly what happened.
Most of SVB’s portfolio was in long-term government bonds, like 10-year Treasury notes. And these have been extremely volatile. In March 2020, for example, interest rates were so low that the Treasury Department sold some 10-year Treasury notes at yields as low as 0.08%.
But interest rates have increased so much since then; last week the 10-year Treasury yield was more than 4%. And this is an enormous difference.
If you’re not terribly familiar with the bond market, one of the most important things to understand is that bonds lose value as interest rates rise. And this is what happened to Silicon Valley Bank.
SVB loaded up on long-term government bonds when interest rates were much lower; the average weighted yield in their bond portfolio, in fact, was just 1.78%. But interest rates have been rising rapidly. The same bonds that SVB bought 2-3 years ago at 1.78% now yield between 3.5% and 5%, meaning that SVB was sitting on steep losses.”
All Banks, Including the Fed, Are Likely Insolvent
According to the SVB’s 2022 annual report published January 19, 2023, they had $16 billion in capital and $15 billion in unrealized losses on their government bonds. So, they were ripe for a wipeout.20
The problem is, if SVB, with its conservative loan-to-deposit ratio ended up insolvent due to government bonds tanking, then that likely means that everyone else is insolvent as well, including state and local governments, large corporations of all kinds, and the Federal Reserve. Anyone holding government bonds is sitting on huge losses as interest rates rise.
According to FDIC estimates, the unrealized losses of U.S. banks is approximately $650 billion and rising. Meanwhile, the FDIC’s deposit insurance fund (DIF), the fund that’s supposed to cover insured deposits (accounts up to $250,000), has a balance of just $128 billion.21 See the problem? What’s worse, the DIF money doesn’t just sit there. It too is invested — in U.S. government bonds! As noted by the Sovereign Research and Advisory Group:22
“So even the FDIC is suffering unrealized losses in its insurance fund, which is supposed to bail out banks that fail from their unrealized losses. You can’t make this stuff up, it’s ridiculous!”
And it’s only going to get worse if the Federal Reserve continues to increase interest rates. The problem is, interest rates need to be raised to curtail runaway inflation, but if they go up, more banks will sink due to their holdings in government bonds.23,24 There’s just no way out.
Add to this insurmountable problem the fact that President Biden’s 2024 budget will raise the federal debt to $50.7 trillion by the end of 2033. It’s currently $31.459 trillion.25 That’s a staggering amount of debt.
From a household perspective, you have no choice but to file for bankruptcy once your income cannot even cover the interest payment on your debt, and that’s basically where we are on a national level. As noted by The Balance:26
“Most creditors don’t worry about a nation’s debt, also known as ‘sovereign debt,’ until it’s more than 77% of gross domestic product (GDP). That’s the point at which added debt cuts into annual economic growth, according to the World Bank. At the end of the second quarter of 2021, the U.S. debt-to-GDP ratio was 125%. That’s much higher than the tipping point …”
Are You Prepared?
All of this is why it’s so important to prepare and become as independent as possible. The things we’ve taken for granted our entire lives may soon vanish, and what’s coming to replace them are not in your best interest unless you’re part of the globalist cabal that will exempt themselves from the slave system.
Becoming more resilient in the face of these changes could include moving cash into things that have a greater chance of withstanding inflation, such as precious metals (the actual metals, not the paper) and land, for example, and/or tradeable items. Shelf-stable foods may also be a wise investment, as could securing a private well or building a rain catchment system.
Also remember that artificial intelligence is the “beast” that drives the coming slave system. A formula created by the World Economic Forum’s philosophical guru, Yuval Noah Harari, describes the technocrats’ ever-growing ability to hack humans: B x C x D = AHH.27
B stands for biological knowledge, C is computing power, D is data and AHH is the level of ability to hack a human being. AI needs massive amounts of up-to-the-minute data for the control system to work, so “starving the beast” also needs to be on your list.
That means eliminating apps and devices that collect your personal data, Google and
Facebook being two of the biggest data miners. It also means rejecting CBDCs, as it’s not really a currency but a tool for population control, and digital identity, which will track everything you do, both online and in the real world, and will strip you of basic rights and freedoms based on your social credit score.
CENTRAL BANK DIGITAL CURRENCY (CBDC):
THE WEOPONISATION OF MONEY ? WHO’s HEALTH TYRANNY:
TOWARDS A TOTALITARIAN WORLD GOVERNMENT? NO WAY!
Peter Koenig
https://www.globalresearch.ca/central-ba...ay/5814122
Two kinds of absolute controls are being prepared to implement The Great Reset, alias UN Agenda 2030. A potentially straitjacket and total control by programmable Central Bank Digital Currency (CBDC), and an all-oppressive health tyranny by WHO, overriding national Constitutional rights and national sovereignty as far as health measures are concerned.
The former will be “managed”, coordinated and supervised for faultless implementation, by the so-called Central Bank of Central Banks, the Bank for International Settlement (BIS); the latter by the 1948 Rockefeller-created, falsely called UN-agency WHO. The emerging tyrant’s budget is to 80% pharma, Gates and otherwise privately funded. Both are criminal organizations.
These are plans, not yet implemented. But the world better be aware, so We, the People, may stop this terrifying assault on humanity in its tracks.
CBDC may be upon us, humanity, rather sooner than later. Programmable CBDC is a weapon of mass destruction. The weapon has been in the planning for decades – and it fits right into the Bigger Picture of the Great Reset / Agenda 2030.
Programmable – means the money can be programmed on how it is to be spent by an individual, or blocked, or made to expire, or made to be used for certain goods or services – or it can be totally withheld, wiped out, depending on how well you behave, according to the standards of the all-commandeering death cult elite.
CBDC is a master control element, a stranglehold on the population.
Simultaneously, an all controlling health tyranny is being prepared by WHO. The plan is that the new totalitarian rules – Biden Administration initiated revised International Health Regulations (IHR), including a new Pandemic Treaty – are to be ratified by the World Health Assembly, presumably by the end of May 2023. If approved, by a two-thirds majority, the new rules will become effective in 2024.
Health Tyranny and Control by WHO
The elite who pretends to rule over humanity acts most silently from the shadows. It includes the financial giants, the largest funders of the World Economic Forum (WEF), the Davos Boys. The financial elite calls the shots on integrated and willing Klaus Schwab, WEF’s CEO.
In turn, Mr. Schwab passes on instructions to the World Health Organization (WHO), for example, to redesign and implement the revision of the IHR which now also includes a Pandemic Treaty.
First, Bill Gates, also one of the key sponsors of WHO, puts a shady Ethiopian politician, Tedros Adhanom Ghebreyesus, at the helm of WHO. Tedros, a buddy of Bill Gates, is former DG of the GAVI Vaxx-Alliance, also created and funded by the Gates Foundation. – So much for WHO being a UN Agency.
If these new IHR / Pandemic Treaty are approved by the World Health Assembly at the end of May 2023, the world (currently 194 WHO members) will be living under a “health tyranny”.
WHO would have overreaching powers over otherwise autonomous countries, being able to overrule national Constitutions and decide whether a disease must be treated as a pandemic, i.e., with massive vaccination.
For example, WHO could decide that henceforth the common flue must be treated as a pandemic. Since “covid”, any “vaccination” will be the gene-modifying mRNA type. The same viral-technology that has, with covid inoculations, caused already tens of millions of deaths around the world. Of course, not openly recognized, but over-mortality statistics, especially in the western world, alias, Global North, speak for themselves. They are congruent with the countries’ vaxx-injection rates.
People have no clue that when they next take their kid for a polio, or measles vaccination, their child will be injected with a potentially deadly mRNA-type toxic solution, producing immune-averse spike proteins. See this by Dr. Mike Yeadon, former VP and Chief Science Officer of Pfizer.
Total Obedience
To assure utmost obedience of countries, Klaus Schwab has on several occasions boasted that the, the WEF was able infiltrating scholars of the WEF “Academy” for Young Global Leaders (YGL) into governments around the world. They often are placed in Prime Minister’s or President’s positions. To name just a few of the more prominent ones – Justin Trudeau, Canada; Emmanuel Macron, France; Mark Rutte, Netherlands; former German Chancellor Angela Merkel; as well as Olaf Scholz, current Chancellor of Germany.
Central Bank Digital Currency (CBDC) – Welcome to the New Money Prison
The decision to introduce CBDC so-to-speak at warp speed was made at a Jackson Hole, WY, meeting in August 2019 by the Central Bankers of the G7 nations. They voted on a financial coup which was “Going Direct Reset”.
This was planned way ahead for at least the last 20 years, and now needed to be consolidated for the final stage of total and absolute financial control – the end game of the coming world tyranny. First applied by the Global North, where the impact will be greatest. See brief 1 min. video by Katherine Austin Fitts, it says it all.
Credit Suisse Takeover in a Black Box – Untransparent Deal. Implications for the Failing Structures of Global Banking
It is weaponizing money into programmable and controllable CBDC – a Weapon of Mass Destruction.
The rest of the world will follow suit. That’s what they think. Destruction of the industrialized world is first. Germany is supposed to lead deindustrialization of Europe, prompted by artificially caused energy shortages. Then comes the absolute control of the world’s natural resources – so that reconstruction of the system, with a drastically reduced world population, may progress rather fast.
The US / NATO Ukraine proxy-war against Russia is a forerunner aiming at dominating Russia and her wealth of natural resources.
Governments and banksters are the people’s biggest, most nefarious, but least recognized enemies. How much longer does it take until a majority of people will wake up and stop this crime on humanity?
According to Katherine Austin Fitts, the introduction of CBDC, may put half a billion people out of work. That is just one part of the warfare. It is intimately connected to the plandemic. People did not die of covid, most perished from toxic vaxxes and from “covid” caused misery.
Dr. Michael Yeadon, former VP and Chief Scientist of Pfizer repeatedly said in his interviews and special addresses, the real, potentially massive dying, of the coerced vaxx-campaign – will take place after three and up to about ten years from the beginning of the vaxx-drive. Injections of mRNA material into people’s bodies began in December 2020. We are now entering year three. And hundreds of thousands, if not millions, around the world have already died due to the “vaxxes”, NOT covid.
Today, truth-seeking scientists and medical doctors warn – “don’t get vaxxed, it is dangerous for your health, the jabs may kill you.” If not, they may maim you for life, or reduce massively women’s and men’s fertility. The latter shows already up in statistics – in Europe from 20% to 40% reduced fertility in 2022. Yet, worldwide vaxx-drives go on – a bulldozer stopping from nothing.
How to weaponize money?
A threesome tyranny – a “trinity”, is at it. The WEF and it’s behind the scene giant financiers; the Governments, and the banksters, through a network of national central banks, all controlled by the Bank for International Settlement (BIS), in Basel, Switzerland. The “health industry” – Big Pharma, health- and hospital facilities and insurances are following the line with digitized health records and digitized health services.
The 2019 G7 Jackson Hole decision on massive bank failures to bring about CBDC, started in early March 2023 on a relatively light note in the United States. The opening was the apparent collapse of California’s Silicon Valley Bank (SVB), California’s Silvergate Capital and NYC’s Signature Bank. None of them really needed to go into bankruptcy. They were “bailed out” by the Biden Administration, put in control of the “Regulator”, before rumors of failure could trigger a run on the bank.
We know how “rumors” can be fabricated or enhanced and how they may mobilize people.
On the other side of the Atlantic, Credit Suisse, second largest Swiss bank, had been plagued for the last two decades by scandals and “financial irregularities” one after the other, including drug money laundering, and helping Russian oligarch escape western sanctions by “disappearing “ documents linking them to their luxury yachts which were supposed to be confiscated.
Since earlier this year, the bank’s share value plummeted, first by the week, then by the day. For a complete list of financial scandals and more, see this.
Much of the loss of confidence was, again, based on rumors – and rumors can be spread – true or false.
There was never a need to put CS into receivership. The bank, according to many analysts, also FINMA (the Swiss banking “regulator”) was solvent, especially after CS supposedly received on Friday, 17 March, a 50 billion franc “bail-out” loan from the Swiss Central Bank.
According to insiders (CS analysts)- and outsiders, this amount of cash would have been enough to restructure the bank, including quietly getting rid of undesirable skeletons – regaining trust of people and shareholders – and be functional again within less than a year.
However, there may be another agenda for the sudden change in direction, during the weekend, 18/19 March. Janet Yellen, US Secretary of Treasury, UK and German senior Ministry of Finance officials were in “consultation” with the Swiss Minister of Finance.
Outside pressure again cut into Swiss sovereignty politically and in terms of Swiss reputed private banking services.
What happened then, is the complete opposite to what the 50 billion “bail-out” should have achieved. One may ask, was the CHF 50 billion government “bail-out” just a disguise?
In an apparent sudden change of direction, the Swiss Government, without any consultation of shareholders and holders of some CHF 16 billion worth of bonds, forced UBS, the largest Swiss bank, to take over its slightly smaller sister, CS. Even stranger, this happened by applying a shady emergency decree. CS was never in an emergency of insolvency.
CS shareholders had to accept a take-over price of CHF 3 billion, about CHF 0.76 / share, less than half its last quoted share value. The bank’s infrastructure alone is worth a multiple of the take-over price.
On Sunday, March 19, the Swiss regulator FINMA announced that the so-called additional tier-one bonds (AT1) of about CHF 16 billion will be written to zero as part of the deal. Neither the shareholders or the bondholders were warned.
This precipitous coerced deal has not gone down well in Europe. A famous law Professor at the Swiss Fribourg law-specialized university, called Switzerland a “Banana Republic”.
The conservative Swiss newspaper NZZ reported on 19 March 2023 that a few months ago nobody would have believed the downfall of CS was possible. In 2007, CS had a stock value of over CHF 100 billion. It was gradually reduced to CHF 7 billion, less than a week before the decreed take-over. The paper concludes that Switzerland got rid of a Zombie-bank, but acquired instead a Monster-bank. After the merger, UBS will have about 5 trillion worth of managed assets. Compare this with about 10 trillion of BlackRock.
Instead of a 50 billion bailout credit – which would have been paid back, the new deal costs Switzerland about 230 billion – a 200 billion Central Bank line of credit, of which hundred billion are fully guaranteed by the Swiss Government (taxpayers), plus a 9 billion guarantee (taxpayer) for UBS losses, plus other guarantees in case of defaults.
As a sideline, the Swiss Central Bank, on 5 March declared one of the biggest losses in its recent history, of CHF132.5 billion. You add to this a potential loss position of another some CHF 100 to 200 billion – that makes you think – what else is planned to wipe out this debt?
The major CS shareholders may launch a massive law suit against the Swiss Government. Saudi National Bank (10%), Saudi Olayan Group (5%), plus Qatar Holding (5%), hold together about 20%. For these oil-producing countries legal fees may not be an issue, but creating a precedent will be important. BlackRock with about 4.1% CS shares stays for now on the sidelines.
Looks and smells like all of this has been planned by a long hand. Remember the G7 Central Bankers meeting at Jackson Hole, Wy in 2019?
Financial Times and Forbes report that there are about 200 small-to medium size US banks “at the brink” of collapse. The Credit Suisse collapse, one of the world’s 30 systemically most important banks, also one of the “Too Big to Fail” banks, rescued by the Swiss Government, may just set the beginning of a massive domino of bank failures in the US and Europe. See this.
BlackRock’s Vice Chairman, responsible for Investments, Philipp Hildebrand, is the former President of the Swiss National Bank (forced out in 2016, because of a personal scandal), then joined BlackRock. He knows how the wheels turn in Switzerland.
The Biden Administration’s rule of order, ignores the 2010 Dodd-Frank Act that eliminates government bail-outs and opened the door for bail-ins, allowing banks to confiscating creditors’ money and converting it into equity. If this government bail-out policy continues, a never-seen before government debt will accrue. The same may apply in Europe, amassing potentially hundreds of trillions of national debts, on both sides of the Atlantic.
This would be the ideal moment to introduce at once in the western world – US, UK, Canada, Europe, but also Japan and Australia – programmable Central Bank Digital Currency (CBDC).
These countries’ combined 2022 GDP amounts to about US$ 50 trillion equivalent, almost half of the 2022 world GDP (US$ 103.86 trillion). See this (World Bank data).
*
Within the shortest period of time, the western US-dollar-based economy’s debt could be wiped out with one stroke – with a new kind of money, the CBDC. With another stroke, the entire ignorant western population could be doubly straitjacketed – by WHO’s Health Tyranny, as well as by programmable CBDC.
It is high time that We, the People, around the world gain consciousness and become aware of the dictatorial measures waiting just a short stretch down road to be implemented. Then, the bulk of The Great Reset / Agenda 2030 would have been achieved. Once that happens, it will be difficult to escape.
It is time that We the People, request our governments to exit WHO – in Switzerland a referendum to this effect has already been initiated – and that we are prepared for setting up parallel governments with local money, totally delinked from existing banking and central banks.
WHY CRASHING BANKS WILL USHER IN DIGITAL CURRENCY
Dr. Joseph Mercola
https://www.globalresearch.ca/why-crashi...ign=magnet&utm_source=article_page&utm_medium=related_articles
Three large banks failed in a single week in March 2023, and the ripple effect could easily take down the entire banking system. The cascading bank failures began March 8 with the shut down and liquidation of the crypto bank Silvergate Capital. It had invested deposits in Treasury bonds, which lost value as interest rates were hiked to stem inflation.
March 10, Silicon Valley Bank (SVB) failed. It too was invested in government bonds, which again became a problem when customers began making large fear-based withdrawals. This was the second largest bank failure in U.S. history, and the largest since the financial crisis in 2008.
Spooked by the failure of Silicon Valley Bank, Signature Bank customers withdrew more than $10 billion in the days that followed, resulting in the shutdown of Signature Bank on March 12.
Government regulators have promised to make customers of the two banks “whole” by insuring all funds, not just the first $250,000. Only select “too big to fail” banks will be eligible for this kind of special treatment. Small local banks will not be eligible.
The most likely outcome of this bailout system is a consolidation of banks until we’re left with just a small number of mega-banks. This consolidation, in turn, will facilitate the rollout of a central bank digital currency (CBDC), as the banking industry will be a tight-knit monopoly.
Three large banks failed in a single week in March 2023, and the ripple effect could easily take down the entire banking system, although government officials insist the banking sector “remains strong” and that the problems faced by these banks “do not appear to be widespread.”1
Cascading Domino of Bank Failures
The cascading bank failures began March 8 with the shut down and liquidation of the crypto bank Silvergate Capital.2 As reported by Government Executive:3
“During 2022, Silvergate’s deposit base grew dramatically, almost doubling its assets to $210 billion. But the bank did not have either the administrative capacity or market demand to lend out all of the money, as banks normally do.
So, it invested the excess deposits in Treasury bonds and mortgage investment products. But the bond purchases became a problem as the Federal Reserve began to raise interest rates to address inflation.”
Two days later, March 10, Silicon Valley Bank (SVB) — the 16th largest bank in the U.S.4 — failed. It too was invested in government bonds, which again became a problem when customers began making large fear-based withdrawals. This was the second largest bank failure in U.S. history, and the largest since the financial crisis in 2008.
Allegedly “spooked” by the failure of Silicon Valley Bank, Signature Bank customers then withdrew more than $10 billion, resulting in the shutdown of Signature Bank on March 12, making it the third-largest bank failure in history.5,6
The Federal Deposit Insurance Corp. (FDIC) took control of Silicon Valley Bank and Signature, and government regulators have promised to make all customers “whole” by insuring all funds, not just the first $250,000. In other words, government is bailing out the banking system yet again, on the taxpayers’ dime.
Within a week, Signature was bought up by Flagstar Bank, a subsidiary of New York Community Bancorp (one of the largest banks in the U.S.).7 According to the FDIC, anyone who had deposits at Signature Bank will automatically become a client of Flagstar Bank, except for crypto banking clients, as Signature’s digital banking business was not included in Flagstar’s bid.8
The FDIC is also left holding $11 billion-worth of “toxic waste debt” in the form of commercial real estate loans for rent-regulated buildings, as this debt portfolio was also rejected by Flagstar.9 The FDIC is still looking for a buyer for Silicon Valley Bank.
Is the US Banking System Really Sound?
President Joe Biden’s comments shortly after the three bank failures was that “Americans can have confidence that the banking system is safe” and that “Your deposits will be there when you need them.” Treasury Secretary Janet Yellen also insists the U.S. banking system “remains sound.”10
Should we believe them? Probably not. Within days of those statements, the contagion had already spread to Credit Suisse, the largest bank in Switzerland. After government initially stepped in to cover some of the losses, the Swiss banking giant was sold to the UBS Group.11 The acquisition was announced March 19.
It’s hard to believe the ripple effects of bank failures of this magnitude can really be stopped. The question is, should we even try? As reported by Government Executive,12 government has no obligation to step in and bail these banks out under current banking regulations.
What’s more, the biased bailout system now being put into place will virtually guarantee further bank consolidations and the widespread rollout of a central bank digital currency (CBDC). As reported by Newsweek March 16, 2023:13
“During a Senate Finance Committee hearing, Yellen was grilled by Oklahoma GOP Senator James Lankford over the Biden administration’s handling of the banking crisis, which saw the federal government offer a multibillion-dollar bailout to Silicon Valley Bank (SVB) after a bank run left it without enough cash to back up hundreds of millions of dollars of its clients’ deposits. Most of those deposits were not insured.
To address the crisis, U.S. bank regulators announced a plan last weekend to fully insure all deposits at SVB as well as the crypto-friendly Signature Bank.
This would cover all deposits above the Federal Deposit Insurance Corp.’s insured limit of $250,000. Federal officials said the plan would be paid for by a special fee levied on all FDIC institutions.
While all banks would be required to pay for the plan, Yellen said under questioning Thursday that it would not apply to every bank. She said the federal government would extend the privilege only to troubled banks whose failure would have a profound impact on the U.S. financial system.
Uninsured deposits, Yellen said, would be covered only if a ‘failure to protect uninsured depositors would create systemic risk and significant economic and financial consequences,’ which would be decided by a supermajority of the FDIC’s board members, Yellen, and the President …
In further questioning, Lankford asked Yellen whether that policy’s implication would be that small banks would become less appealing to depositors with accounts exceeding the FDIC’s $250,000 insurance threshold …
Amid the sharp increase in bank mergers over the past decade, Lankford expressed concern that the trend could only accelerate under current policy, causing the U.S. banking system to become less resilient.
“I’m concerned you’re … encouraging anyone who has a large deposit at a community bank to [hear], ‘We’re not going to make you whole, but if you go to one of our preferred banks, we will make you whole,'” Lankford told Yellen. Yellen replied, ‘That’s certainly not something that we’re encouraging.'”
And yet that’s exactly what this policy will be encouraging. Actions speak louder than words, and in this case, the outcome of this policy is quite clear, regardless of what Yellen is saying.
To recap, the FDIC will only insure deposits up to $250,000 if your money is in a small bank, but if your money is in a big bank, uninsured deposits over that amount will be covered as well, should the bank fail.
Why Bank Crashes Will Facilitate CBDC Rollout
Adding insult to injury, while the system is clearly biased and won’t protect everyone, all banks (and hence account holders) will be forced to pay this “special fee” to the FDIC that will, supposedly, insure all these uninsured deposits at preferred banks.
The most likely outcome of this bailout system is a consolidation of banks until we’re left with just a small number of mega-banks. We’re already starting to see the early phases of this, with “the big three” — Bank of America, Citigroup and Wells Fargo — reporting14 a deposit spike in the wake of the SVB collapse and Yellen’s announcement that only certain preferred banks will be covered above FDIC insurance limits.
Banking Crisis 3.0: Time to Change the Rules of the Game
This consolidation, in turn, will facilitate the rollout of a central bank digital currency (CBDC), as the banking industry will be a very tight-knit monopoly. Let’s say there are only half a dozen banks in all of America. All they have to do is make the switch to CBDC as a group, and anyone with a bank account in America will be automatically trapped in the new system. As reported by News Punch:15
“What we are seeing is a push towards Global Government that is being camouflaged and cloaked in humanitarianism, multiculturalism, as well as manufactured threats such as global warming and pandemics in order to condition the population into accepting globalization and a One World Government.
In order for this to occur the elite are planning to create a global financial crisis the likes of which the world has never seen. Out of the ashes of this financial crisis will rise the phoenix of is a New International Economic Order. The public will be told that the new order is the only way to stabilize the world economy and save what little remains of their wealth …
People often ask why the globalist elite would collapse the world economy. Wouldn’t that mean they destroy their own wealth in the process? The answer is no. The elite have been consolidating their wealth in order to protect it for centuries … When the world financial system finally crashes the elite will be positioned to buy what’s left for pennies on the dollar.
Where does this leave the rest of the world financially? The answer is in bondage to a Techno-Communist World Governmental System led by the World Economic Forum in Davos and the hidden hands that control the public face of that cabal. If you pay attention now you can see that everything around you is being engineered towards this one goal …
The globalist elite are also forcing their vassal states to move towards centralizing currency in the form of a … CBDC, which by the way, is not currency at all – it is software designed as a tool of total social control … If they can cancel out your bank balance with a single keystroke, then you have no freedom, no autonomy. You are a slave …”
This consolidation, in turn, will facilitate the rollout of a central bank digital currency (CBDC), as the banking industry will be a very tight-knit monopoly. Let’s say there are only half a dozen banks in all of America. All they have to do is make the switch to CBDC as a group, and anyone with a bank account in America will be automatically trapped in the new system. As reported by News Punch:15
“What we are seeing is a push towards Global Government that is being camouflaged and cloaked in humanitarianism, multiculturalism, as well as manufactured threats such as global warming and pandemics in order to condition the population into accepting globalization and a One World Government.
In order for this to occur the elite are planning to create a global financial crisis the likes of which the world has never seen. Out of the ashes of this financial crisis will rise the phoenix of is a New International Economic Order. The public will be told that the new order is the only way to stabilize the world economy and save what little remains of their wealth …
People often ask why the globalist elite would collapse the world economy. Wouldn’t that mean they destroy their own wealth in the process? The answer is no. The elite have been consolidating their wealth in order to protect it for centuries … When the world financial system finally crashes the elite will be positioned to buy what’s left for pennies on the dollar.
Where does this leave the rest of the world financially? The answer is in bondage to a Techno-Communist World Governmental System led by the World Economic Forum in Davos and the hidden hands that control the public face of that cabal. If you pay attention now you can see that everything around you is being engineered towards this one goal …
The globalist elite are also forcing their vassal states to move towards centralizing currency in the form of a … CBDC, which by the way, is not currency at all – it is software designed as a tool of total social control … If they can cancel out your bank balance with a single keystroke, then you have no freedom, no autonomy. You are a slave …”
UCC Code Update Is Stealth Attempt to Steal Our Freedom
The fact that CBDCs are intended as financial shackles to control you within what amounts to an open-air prison is also noted by South Dakota Gov. Kristi Noem16 in the Fox News interview above.
She highlights a proposed Uniform Commercial Code (UCC) update that seeks to redefine “currency” to exclude decentralized crypto currencies, effectively putting the government on the path to a CBDC monopoly. Noem vetoed the bill and is urging other states to reject it as well.
The UCC Code is a set of laws that govern commercial transactions in the U.S. While not a federal law, it’s a set of laws that states agree to adopt in a uniform fashion to facilitate interstate business. So, it appears they intend to begin the financial takeover by rolling out the CBDC on the state level first, and legislators who believe in freedom must denounce all such plans.
Government Bonds Are Now the ‘Toxic Asset’
According to News Punch,17 the destruction of Silicon Valley Bank was intentional. While I cannot vouch for that, it’s interesting to note that SVB was in relatively good shape before it went kaput overnight.
As explained by the Sovereign Research and Advisory Group in an article titled “If SVB Is Insolvent, So Is Everyone Else,”18 the 2008 banking crash occurred because Lehman Brothers and other banks had used depositors’ money to buy extremely risky no-money-down mortgage bonds.
While the economy was good, banks earned hefty profits from these toxic assets, but as soon as the economy downshifted, these toxic securities plunged in value and wiped them out.
This time, however, the toxic asset is not mortgages obtained by people with no job, income or history of paying their bills. No, this time, it’s U.S. government bonds that are sinking banks, and these bonds are supposed to be the safest investment there is. Sovereign Research and Advisory Group writes:19
“Silicon Valley Bank was no Lehman Brothers. Whereas Lehman bet almost ALL of its balance sheet on those risky mortgage bonds, SVB actually had a surprisingly conservative balance sheet.
According to the bank’s annual financial statements from December 31 of last year, SVB had $173 billion in customer deposits, yet “only” $74 billion in loans. I know this sounds ridiculous, but banks typically loan out MOST of their depositors’ money.
Wells Fargo, for example, recently reported $1.38 trillion in deposits. $955 billion of that is loaned out. That means Wells Fargo has made loans with nearly 70% of its customer’s money, while SVB had a more conservative ‘loan-to-deposit ratio’ of roughly 42%.
Point is, SVB did not fail because they were making a bunch of high-risk NINJA loans. Far from it. SVB failed because they parked the majority of their depositors’ money ($119.9 billion) in US GOVERNMENT BONDS. This is the really extraordinary part of this drama.
US government bonds are supposed to be the safest, most ‘risk free’ asset in the world. But that’s totally untrue, because even government bonds can lose value. And that’s exactly what happened.
Most of SVB’s portfolio was in long-term government bonds, like 10-year Treasury notes. And these have been extremely volatile. In March 2020, for example, interest rates were so low that the Treasury Department sold some 10-year Treasury notes at yields as low as 0.08%.
But interest rates have increased so much since then; last week the 10-year Treasury yield was more than 4%. And this is an enormous difference.
If you’re not terribly familiar with the bond market, one of the most important things to understand is that bonds lose value as interest rates rise. And this is what happened to Silicon Valley Bank.
SVB loaded up on long-term government bonds when interest rates were much lower; the average weighted yield in their bond portfolio, in fact, was just 1.78%. But interest rates have been rising rapidly. The same bonds that SVB bought 2-3 years ago at 1.78% now yield between 3.5% and 5%, meaning that SVB was sitting on steep losses.”
All Banks, Including the Fed, Are Likely Insolvent
According to the SVB’s 2022 annual report published January 19, 2023, they had $16 billion in capital and $15 billion in unrealized losses on their government bonds. So, they were ripe for a wipeout.20
The problem is, if SVB, with its conservative loan-to-deposit ratio ended up insolvent due to government bonds tanking, then that likely means that everyone else is insolvent as well, including state and local governments, large corporations of all kinds, and the Federal Reserve. Anyone holding government bonds is sitting on huge losses as interest rates rise.
According to FDIC estimates, the unrealized losses of U.S. banks is approximately $650 billion and rising. Meanwhile, the FDIC’s deposit insurance fund (DIF), the fund that’s supposed to cover insured deposits (accounts up to $250,000), has a balance of just $128 billion.21 See the problem? What’s worse, the DIF money doesn’t just sit there. It too is invested — in U.S. government bonds! As noted by the Sovereign Research and Advisory Group:22
“So even the FDIC is suffering unrealized losses in its insurance fund, which is supposed to bail out banks that fail from their unrealized losses. You can’t make this stuff up, it’s ridiculous!”
And it’s only going to get worse if the Federal Reserve continues to increase interest rates. The problem is, interest rates need to be raised to curtail runaway inflation, but if they go up, more banks will sink due to their holdings in government bonds.23,24 There’s just no way out.
Add to this insurmountable problem the fact that President Biden’s 2024 budget will raise the federal debt to $50.7 trillion by the end of 2033. It’s currently $31.459 trillion.25 That’s a staggering amount of debt.
From a household perspective, you have no choice but to file for bankruptcy once your income cannot even cover the interest payment on your debt, and that’s basically where we are on a national level. As noted by The Balance:26
“Most creditors don’t worry about a nation’s debt, also known as ‘sovereign debt,’ until it’s more than 77% of gross domestic product (GDP). That’s the point at which added debt cuts into annual economic growth, according to the World Bank. At the end of the second quarter of 2021, the U.S. debt-to-GDP ratio was 125%. That’s much higher than the tipping point …”
Are You Prepared?
All of this is why it’s so important to prepare and become as independent as possible. The things we’ve taken for granted our entire lives may soon vanish, and what’s coming to replace them are not in your best interest unless you’re part of the globalist cabal that will exempt themselves from the slave system.
Becoming more resilient in the face of these changes could include moving cash into things that have a greater chance of withstanding inflation, such as precious metals (the actual metals, not the paper) and land, for example, and/or tradeable items. Shelf-stable foods may also be a wise investment, as could securing a private well or building a rain catchment system.
Also remember that artificial intelligence is the “beast” that drives the coming slave system. A formula created by the World Economic Forum’s philosophical guru, Yuval Noah Harari, describes the technocrats’ ever-growing ability to hack humans: B x C x D = AHH.27
B stands for biological knowledge, C is computing power, D is data and AHH is the level of ability to hack a human being. AI needs massive amounts of up-to-the-minute data for the control system to work, so “starving the beast” also needs to be on your list.
That means eliminating apps and devices that collect your personal data, Google and
Facebook being two of the biggest data miners. It also means rejecting CBDCs, as it’s not really a currency but a tool for population control, and digital identity, which will track everything you do, both online and in the real world, and will strip you of basic rights and freedoms based on your social credit score.
CENTRAL BANK DIGITAL CURRENCY (CBDC):
THE WEOPONISATION OF MONEY ? WHO’s HEALTH TYRANNY:
TOWARDS A TOTALITARIAN WORLD GOVERNMENT? NO WAY!
Peter Koenig
https://www.globalresearch.ca/central-ba...ay/5814122
Two kinds of absolute controls are being prepared to implement The Great Reset, alias UN Agenda 2030. A potentially straitjacket and total control by programmable Central Bank Digital Currency (CBDC), and an all-oppressive health tyranny by WHO, overriding national Constitutional rights and national sovereignty as far as health measures are concerned.
The former will be “managed”, coordinated and supervised for faultless implementation, by the so-called Central Bank of Central Banks, the Bank for International Settlement (BIS); the latter by the 1948 Rockefeller-created, falsely called UN-agency WHO. The emerging tyrant’s budget is to 80% pharma, Gates and otherwise privately funded. Both are criminal organizations.
These are plans, not yet implemented. But the world better be aware, so We, the People, may stop this terrifying assault on humanity in its tracks.
CBDC may be upon us, humanity, rather sooner than later. Programmable CBDC is a weapon of mass destruction. The weapon has been in the planning for decades – and it fits right into the Bigger Picture of the Great Reset / Agenda 2030.
Programmable – means the money can be programmed on how it is to be spent by an individual, or blocked, or made to expire, or made to be used for certain goods or services – or it can be totally withheld, wiped out, depending on how well you behave, according to the standards of the all-commandeering death cult elite.
CBDC is a master control element, a stranglehold on the population.
Simultaneously, an all controlling health tyranny is being prepared by WHO. The plan is that the new totalitarian rules – Biden Administration initiated revised International Health Regulations (IHR), including a new Pandemic Treaty – are to be ratified by the World Health Assembly, presumably by the end of May 2023. If approved, by a two-thirds majority, the new rules will become effective in 2024.
Health Tyranny and Control by WHO
The elite who pretends to rule over humanity acts most silently from the shadows. It includes the financial giants, the largest funders of the World Economic Forum (WEF), the Davos Boys. The financial elite calls the shots on integrated and willing Klaus Schwab, WEF’s CEO.
In turn, Mr. Schwab passes on instructions to the World Health Organization (WHO), for example, to redesign and implement the revision of the IHR which now also includes a Pandemic Treaty.
First, Bill Gates, also one of the key sponsors of WHO, puts a shady Ethiopian politician, Tedros Adhanom Ghebreyesus, at the helm of WHO. Tedros, a buddy of Bill Gates, is former DG of the GAVI Vaxx-Alliance, also created and funded by the Gates Foundation. – So much for WHO being a UN Agency.
If these new IHR / Pandemic Treaty are approved by the World Health Assembly at the end of May 2023, the world (currently 194 WHO members) will be living under a “health tyranny”.
WHO would have overreaching powers over otherwise autonomous countries, being able to overrule national Constitutions and decide whether a disease must be treated as a pandemic, i.e., with massive vaccination.
For example, WHO could decide that henceforth the common flue must be treated as a pandemic. Since “covid”, any “vaccination” will be the gene-modifying mRNA type. The same viral-technology that has, with covid inoculations, caused already tens of millions of deaths around the world. Of course, not openly recognized, but over-mortality statistics, especially in the western world, alias, Global North, speak for themselves. They are congruent with the countries’ vaxx-injection rates.
People have no clue that when they next take their kid for a polio, or measles vaccination, their child will be injected with a potentially deadly mRNA-type toxic solution, producing immune-averse spike proteins. See this by Dr. Mike Yeadon, former VP and Chief Science Officer of Pfizer.
Total Obedience
To assure utmost obedience of countries, Klaus Schwab has on several occasions boasted that the, the WEF was able infiltrating scholars of the WEF “Academy” for Young Global Leaders (YGL) into governments around the world. They often are placed in Prime Minister’s or President’s positions. To name just a few of the more prominent ones – Justin Trudeau, Canada; Emmanuel Macron, France; Mark Rutte, Netherlands; former German Chancellor Angela Merkel; as well as Olaf Scholz, current Chancellor of Germany.
Central Bank Digital Currency (CBDC) – Welcome to the New Money Prison
The decision to introduce CBDC so-to-speak at warp speed was made at a Jackson Hole, WY, meeting in August 2019 by the Central Bankers of the G7 nations. They voted on a financial coup which was “Going Direct Reset”.
This was planned way ahead for at least the last 20 years, and now needed to be consolidated for the final stage of total and absolute financial control – the end game of the coming world tyranny. First applied by the Global North, where the impact will be greatest. See brief 1 min. video by Katherine Austin Fitts, it says it all.
Credit Suisse Takeover in a Black Box – Untransparent Deal. Implications for the Failing Structures of Global Banking
It is weaponizing money into programmable and controllable CBDC – a Weapon of Mass Destruction.
The rest of the world will follow suit. That’s what they think. Destruction of the industrialized world is first. Germany is supposed to lead deindustrialization of Europe, prompted by artificially caused energy shortages. Then comes the absolute control of the world’s natural resources – so that reconstruction of the system, with a drastically reduced world population, may progress rather fast.
The US / NATO Ukraine proxy-war against Russia is a forerunner aiming at dominating Russia and her wealth of natural resources.
Governments and banksters are the people’s biggest, most nefarious, but least recognized enemies. How much longer does it take until a majority of people will wake up and stop this crime on humanity?
According to Katherine Austin Fitts, the introduction of CBDC, may put half a billion people out of work. That is just one part of the warfare. It is intimately connected to the plandemic. People did not die of covid, most perished from toxic vaxxes and from “covid” caused misery.
Dr. Michael Yeadon, former VP and Chief Scientist of Pfizer repeatedly said in his interviews and special addresses, the real, potentially massive dying, of the coerced vaxx-campaign – will take place after three and up to about ten years from the beginning of the vaxx-drive. Injections of mRNA material into people’s bodies began in December 2020. We are now entering year three. And hundreds of thousands, if not millions, around the world have already died due to the “vaxxes”, NOT covid.
Today, truth-seeking scientists and medical doctors warn – “don’t get vaxxed, it is dangerous for your health, the jabs may kill you.” If not, they may maim you for life, or reduce massively women’s and men’s fertility. The latter shows already up in statistics – in Europe from 20% to 40% reduced fertility in 2022. Yet, worldwide vaxx-drives go on – a bulldozer stopping from nothing.
How to weaponize money?
A threesome tyranny – a “trinity”, is at it. The WEF and it’s behind the scene giant financiers; the Governments, and the banksters, through a network of national central banks, all controlled by the Bank for International Settlement (BIS), in Basel, Switzerland. The “health industry” – Big Pharma, health- and hospital facilities and insurances are following the line with digitized health records and digitized health services.
The 2019 G7 Jackson Hole decision on massive bank failures to bring about CBDC, started in early March 2023 on a relatively light note in the United States. The opening was the apparent collapse of California’s Silicon Valley Bank (SVB), California’s Silvergate Capital and NYC’s Signature Bank. None of them really needed to go into bankruptcy. They were “bailed out” by the Biden Administration, put in control of the “Regulator”, before rumors of failure could trigger a run on the bank.
We know how “rumors” can be fabricated or enhanced and how they may mobilize people.
On the other side of the Atlantic, Credit Suisse, second largest Swiss bank, had been plagued for the last two decades by scandals and “financial irregularities” one after the other, including drug money laundering, and helping Russian oligarch escape western sanctions by “disappearing “ documents linking them to their luxury yachts which were supposed to be confiscated.
Since earlier this year, the bank’s share value plummeted, first by the week, then by the day. For a complete list of financial scandals and more, see this.
Much of the loss of confidence was, again, based on rumors – and rumors can be spread – true or false.
There was never a need to put CS into receivership. The bank, according to many analysts, also FINMA (the Swiss banking “regulator”) was solvent, especially after CS supposedly received on Friday, 17 March, a 50 billion franc “bail-out” loan from the Swiss Central Bank.
According to insiders (CS analysts)- and outsiders, this amount of cash would have been enough to restructure the bank, including quietly getting rid of undesirable skeletons – regaining trust of people and shareholders – and be functional again within less than a year.
However, there may be another agenda for the sudden change in direction, during the weekend, 18/19 March. Janet Yellen, US Secretary of Treasury, UK and German senior Ministry of Finance officials were in “consultation” with the Swiss Minister of Finance.
Outside pressure again cut into Swiss sovereignty politically and in terms of Swiss reputed private banking services.
What happened then, is the complete opposite to what the 50 billion “bail-out” should have achieved. One may ask, was the CHF 50 billion government “bail-out” just a disguise?
In an apparent sudden change of direction, the Swiss Government, without any consultation of shareholders and holders of some CHF 16 billion worth of bonds, forced UBS, the largest Swiss bank, to take over its slightly smaller sister, CS. Even stranger, this happened by applying a shady emergency decree. CS was never in an emergency of insolvency.
CS shareholders had to accept a take-over price of CHF 3 billion, about CHF 0.76 / share, less than half its last quoted share value. The bank’s infrastructure alone is worth a multiple of the take-over price.
On Sunday, March 19, the Swiss regulator FINMA announced that the so-called additional tier-one bonds (AT1) of about CHF 16 billion will be written to zero as part of the deal. Neither the shareholders or the bondholders were warned.
This precipitous coerced deal has not gone down well in Europe. A famous law Professor at the Swiss Fribourg law-specialized university, called Switzerland a “Banana Republic”.
The conservative Swiss newspaper NZZ reported on 19 March 2023 that a few months ago nobody would have believed the downfall of CS was possible. In 2007, CS had a stock value of over CHF 100 billion. It was gradually reduced to CHF 7 billion, less than a week before the decreed take-over. The paper concludes that Switzerland got rid of a Zombie-bank, but acquired instead a Monster-bank. After the merger, UBS will have about 5 trillion worth of managed assets. Compare this with about 10 trillion of BlackRock.
Instead of a 50 billion bailout credit – which would have been paid back, the new deal costs Switzerland about 230 billion – a 200 billion Central Bank line of credit, of which hundred billion are fully guaranteed by the Swiss Government (taxpayers), plus a 9 billion guarantee (taxpayer) for UBS losses, plus other guarantees in case of defaults.
As a sideline, the Swiss Central Bank, on 5 March declared one of the biggest losses in its recent history, of CHF132.5 billion. You add to this a potential loss position of another some CHF 100 to 200 billion – that makes you think – what else is planned to wipe out this debt?
The major CS shareholders may launch a massive law suit against the Swiss Government. Saudi National Bank (10%), Saudi Olayan Group (5%), plus Qatar Holding (5%), hold together about 20%. For these oil-producing countries legal fees may not be an issue, but creating a precedent will be important. BlackRock with about 4.1% CS shares stays for now on the sidelines.
Looks and smells like all of this has been planned by a long hand. Remember the G7 Central Bankers meeting at Jackson Hole, Wy in 2019?
Financial Times and Forbes report that there are about 200 small-to medium size US banks “at the brink” of collapse. The Credit Suisse collapse, one of the world’s 30 systemically most important banks, also one of the “Too Big to Fail” banks, rescued by the Swiss Government, may just set the beginning of a massive domino of bank failures in the US and Europe. See this.
BlackRock’s Vice Chairman, responsible for Investments, Philipp Hildebrand, is the former President of the Swiss National Bank (forced out in 2016, because of a personal scandal), then joined BlackRock. He knows how the wheels turn in Switzerland.
The Biden Administration’s rule of order, ignores the 2010 Dodd-Frank Act that eliminates government bail-outs and opened the door for bail-ins, allowing banks to confiscating creditors’ money and converting it into equity. If this government bail-out policy continues, a never-seen before government debt will accrue. The same may apply in Europe, amassing potentially hundreds of trillions of national debts, on both sides of the Atlantic.
This would be the ideal moment to introduce at once in the western world – US, UK, Canada, Europe, but also Japan and Australia – programmable Central Bank Digital Currency (CBDC).
These countries’ combined 2022 GDP amounts to about US$ 50 trillion equivalent, almost half of the 2022 world GDP (US$ 103.86 trillion). See this (World Bank data).
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Within the shortest period of time, the western US-dollar-based economy’s debt could be wiped out with one stroke – with a new kind of money, the CBDC. With another stroke, the entire ignorant western population could be doubly straitjacketed – by WHO’s Health Tyranny, as well as by programmable CBDC.
It is high time that We, the People, around the world gain consciousness and become aware of the dictatorial measures waiting just a short stretch down road to be implemented. Then, the bulk of The Great Reset / Agenda 2030 would have been achieved. Once that happens, it will be difficult to escape.
It is time that We the People, request our governments to exit WHO – in Switzerland a referendum to this effect has already been initiated – and that we are prepared for setting up parallel governments with local money, totally delinked from existing banking and central banks.