Gut feeling is that we see something break loose in the banking, finance and insurance market.

We might see the lid blow off this thing,

Gut feeling is we are about to see a big push on this CBDC / digital dollar issue.

Gut feeling is also that we are on track to see the USD and Euro merge 1:1 under the some sort of of a common CBDC reserve banking scheme.

Saw a disturbing video out of China where they are using some sort of digital RMB that had an expiration date.

It did not allow you to save it. You were forced to spend it or it would expire.

This is an example of a digital currency being merged with a smart contract.

Every unit of currency is its own smart contract.

So we are looking a the potential for currency with an expiation date or other limitations on usage.

Right now currency is fungible.

But we are about to see a world where some subset of currency is non-fungible.

We are about to see a stratification of fungible currency.

All digital dollars are equal, but some are more equal than others.

That may be where we are headed with all this.

Gift card bux

Could certainly see that happen. IOW, you will be forced to spend portion of your money to keep the machine going.

The government already does it with money printing so making the citizen do it is just the other half of the equation.

And most people would accept it because "I was going to spend it anyway."

FedNow went live today.

What does this mean?

It means that the foundation has been poured for what's next.

My view on the CBDC is that maybe the governments of the world can force us into some system that is tied to social currency for some amount of time, but I just don't see how the market of ideas doesn't eventually win out and crush the countries who implement it, unless we have a global regime takeover and authoritarianism is implemented world wide.

That's not a particularly comforting view, as it still means things might get ****ty for a while, but I just don't think it can be sustainable.

"wants" and "does" are two different things

Stat Monitor Repairman said:

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Argentina continuing with plan to abolish central banking and adopt the USD.

History isn't kind to countries that try and free themselves from central banking regime or not participate in the central banking regime at all.

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That dude looks nuttier than a payday bar but Argentina is so screwed up it's not even funny.

Unfortunately we're about to head down this same path if something doesn't change soon.

Rough idea of what life was like after their economic collapse

https://www.dropbox.com/s/hiampgbdq5wglzg/Lessons%20from%20Argentina.pdf?dl=0

Well Ol Bill Clinton came and visited Milei, might be a pre-suicide visit.

We shall see how he moves forward with his vision.

ac04 said:

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need to get bukele down there ASAP

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BREAKING Javier Milei newly elected far right outsider populist president of Argentina finally being asked a REAL question and it's NOT about the economy pic.twitter.com/Z9xvKfQ2Mi

— nopara73 (@nopara73) November 30, 2023

On 2nd listen:

Quote:

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"Don't be fooled by big ol' socialist titties. They're meant to hypnotize, then enslave your ass." -Thomas Sowell

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Argentina is doomed.

Late February 2024 brings us the 'weaponization of global finance.'

Maw pushes for the liquidation of $300 billion in frozen Russian Central Bank assets and redistributing that money to Ukraine.

A real shot in the arm to the forthcoming BRICS v. CBDC economic system.

Important to note that Yellen says all this at a G20 meeting in Brazil.

If you are the B in BRICS, are you considering this a threat?

Stat Monitor Repairman said:

---

Late February 2024 brings us the 'weaponization of global finance.'

Maw pushes for the liquidation of $300 billion in frozen Russian Central Bank assets and redistributing that money to Ukraine.

A real shot in the arm to the forthcoming BRICS v. CBDC economic system.

Important to note that Yellen says all this at a G20 meeting in Brazil.

If you are the B in BRICS, are you considering this a threat?

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Damn...

Countries will probably think twice about buying our debt (US treasuries). Looks like the Fed may have to dig a little deeper when auctions come around. A failed treasury auction would be dire news for the markets.

Stat Monitor Repairman said:

---

Late February 2024 brings us the 'weaponization of global finance.'

Maw pushes for the liquidation of $300 billion in frozen Russian Central Bank assets and redistributing that money to Ukraine.

A real shot in the arm to the forthcoming BRICS v. CBDC economic system.

Important to note that Yellen says all this at a G20 meeting in Brazil.

If you are the B in BRICS, are you considering this a threat?

---

Jesus Lord. Have we had a more effective saboteur in her role? She needs to be muzzled.

Was listening to a guy 8-10 years or so talk about central banking. Bretton Woods and all that.

The guy said that the fastest way to doom your country is to refuse to participate in central banking or somehow go against the will of the central bankers.

Also pointed out that there is no country that opts out of central banking and prospers. Also that countries that do go against central banking tend to collapse on their own or get invaded or overthrown. See Iraq, Iran, North Korea, Venezuela etc.

So now we've got a competing interest. A second option in BRICS.

It'll be choose your fighter on a global scale.

Countries will be forced to choose and economic regime. Countries that don't pick a side will flutter in the wind. In other words economic warfare.

Over the past 10-years we've seen the end of post Cold War globalism have now reversed course.