The Office of Financial Research (OFR) is the independent bureau within the United States Department of the Treasury which was formed in response to the financial crisis of 2007-08 — and the subsequent Great Recession that ensued. The OFR’s responsible for collecting financial data and making recommendations to the Treasury’s Financial Stability Oversight Council (FSOC) based on that data, who then “responds to emerging risks to the stability of the United States’ financial system.”
This is the same department, who for the last 2 years, oversaw one of the largest transfers of wealth in the history of the world — and they approved every bit of it. Their influence in the global economy cannot be understated which is why the OFR’s recent white paper is particularly troublesome.
On July 11, 2022, the OFR published a working paper advocating for a Central Bank Digital Currency. In their abstract, the authors claim that a CBDC will counter against bank runs by “monitoring the flow of funds into CBDC” which “allows policymakers to identify and resolve weak banks sooner, which also decreases depositors’ incentive to run.”
While this may seem like a good way to prevent a bank run, the fact that a bank run is happening at all means that the proverbial s**t is hitting the fan. The fact that the OFR is preparing for one is unsettling enough but the fact that their answer is a CBDC should make everyone start to pay attention.
Remember in February when Canada’s Prime Minister began freezing the bank accounts of protesters who stood against tyrannical mandates and arresting them? Not only did they go after the protesters, but the government went after the bank accounts of those who provided monetary support in the form of donations as well.
For practicing their free speech, Canadians were persecuted and driven into financial ruin by the government who claims to protect them. This was all carried out with zero due process, without any democratic input at all, and with zero resistance from the banks, who later apologized.
Think about the ease with which this was done using the Canadian dollar and real money inside real banks and then consider the implications had the Canadians already adopted the federated digital ID system with a digital asset controlled by the central bank and the state. Sounds like a conspiracy theory, doesn’t it? Unfortunately, it’s not and it will be here before you know it.
But don’t take my word for it, listen to Neil Parmenter, the President and CEO of the Canadian Bankers Association explain how this new system, supported by the World Economic Forum, will work. Plastic credit cards, ID cards, and cash are a thing of the past. Under the Great Reset, your entire financial portfolio will be controlled by the central bank and your assets relegated to a Central Bank Digital Currency (CBDC), that can be turned off in a split second by the tyrannical regime you dare to criticize.
“Canada’s banks are perfectly situated to help lead the creation of a federated digital ID system between government and the private sector. The World Economic Forum agrees.”
~ Neil Parmenter
President & CEO
Canadian Bankers Association
We just witnessed Canada seize the assets of its citizens for peaceful protest and now they are pushing a new system in which the state and central banks literally control everything. And it’s spreading — to America.
On top of this month’s working paper, in February, Federal Reserve Board Governor Lael Brainard laid out plans for the United States to adopt a similar system.
“It is essential that policymakers, including the Federal Reserve, plan for the future of the payment system and consider the full range of possible options to bring forward the potential benefits of new technologies, while safeguarding stability,” Brainard said in remarks prepared for delivery to the U.S Monetary Policy Forum in New York. “A U.S. CBDC may be one potential way to ensure that people around the world who use the dollar can continue to rely on the strength and safety of U.S. currency to transact and conduct business in the digital financial system.”
Don’t let the rhetoric about competing in the digital currency age fool you. Bitcoin and other decentralized cryptocurrencies are a threat to the global banking cartel because they cannot control it. The anonymity and independence fostered by cryptocurrencies on the blockchain are enemies to the ruling class who seek to maintain control through centralization.
This is why China, last year, banned cryptocurrency trading and mining. It is a threat to their totalitarian grip over its citizens. It is also why they have ushered in the digital yuan. China has been working on their own digital currency since 2014 and the e-CNY is already being pushed on its citizens.
The e-CNY is completely controlled by the People’s Bank of China (PBOC), the country’s central bank and the Chinese Communist Party who exclusively leads the People’s Republic of China. Every single transaction conducted with the e-CNY is a matter of state record.
Don’t wait for a stock market crash, dedollarization, or CBDCs before securing your retirement with physical precious metals. Genesis Gold Group can help.
Given China’s Orwellian social credit system which punishes people for smoking, bad driving, shining a negative light on the CCP, and wasting money on “frivolous purchases,” the idea of the state controlling the whole of an individual’s assets is chilling. Yet this is exactly what has been unravelling in China for the last 8 years. And others are now following suit.
One indicator that CBDCs are an ominous ploy by the banking cartel and the state to take over our lives is the fact that the Atlantic Council is a lead proponent of them. For those who may be unaware, the Atlantic Council is the think tank, who is contracted by Facebook and Twitter to conduct censorship operations on their platforms.
Their censorship arm, known as the Digital Forensic Research Lab was suspected to have played a large role in the removal of hundreds of anti-establishment pages in 2018 and the years after.
On their website, the Atlantic Council, advocates for central bank controlled digital currencies and notes how 87 countries, which account for over 90% of the world’s gross domestic product, are exploring a digital currency, and five countries have already launched one.
One of the main reasons the council and others advocate for such a centralization of power is to limit or prevent “illicit activity.” This is a prominent selling point from both the Atlantic Council and the equally dubious World Economic Forum.
In their White Paper Series on a Digital Currency Governance Consortium, the WEF outlines a plan for private entities, ie central banks, and the state to work together to prevent any activity the two deem “illicit” — like protesting forced vaccinations, for example.
An outspoken opponent to the CBCDs is Maajid Nawaz who recently appeared on the Joe Rogan podcast and laid out in shocking detail, the implications for such a system, which as illustrated above, is being pushed by all the world’s power players. In his example, he notes that the vaccine passport system is the gateway through which the digital currency will be pushed.
Recorded end of January 2022:https://t.co/vApbHPodVF https://t.co/cg7DPqd5Ze
— أبو عمّار (@MaajidNawaz) July 13, 2022
Nawaz detailed the new system. “So the vaccine passport infrastructure is in place. But now we know that the vaccine doesn’t stop infection or transmission but the Checkpoint Charlie exists everywhere. They bring in digital banking, central banking, digital currencies. You’ve got a scenario now that you’re checking in and out everywhere you go, using vouchers that are programmed and you can only spend where you’re told you can spend them.
“There’s another word for that. That’s called the Chinese social credit system. That’s what it’s called. And anyone who watches Black Mirror will know what I’m talking about,” Nawaz said.
“So what they are telling us, and when I say they, who’s they, people in power, that’s the head of our economy, the Chancellor of the Exchequer, the second most powerful person other than the prime minister, and maybe the foreign secretary in the UK, right?
“He’s telling us I just played it there for you. He’s telling us that’s what he, as the UK, the head of the G7 want to bring in for the G7. So a scenario where like in New York at the moment, because the passport infrastructure is in place, you bring in that digital currency, and you’ve got this total control. And if I’m speaking to you the way I’m speaking now, and my employer or government… deems me as saying or doing something inappropriate, suddenly, I can’t actually pay to come here and speak to you anymore. My digital currency won’t even pay for the ticket. Because it will be known that I’m coming to speak to you, ‘sorry, your vouchers don’t allow you to purchase that ticket to go and speak to Joe.’”
This is a system that Hitler, Stalin, or Mao would have relished over. Imagine a dictator having global transaction censorship across their empires and at the touch of a button, they could silence their political enemies and propel them into financial ruin. That is what’s coming.
Over the last two and a half years, politicians and bureaucrats have been exploiting the pandemic and preying on the fears of citizens to usher in systems like the vaccine passport. The groundwork has been laid and the elite — who actually call themselves this now — are ready to strike and they may use this current crisis in Ukraine to do so.
Will we stand up and say no, or will we roll over and allow the state to take complete control over our lives and surrender our voices and freedoms for a false assurance of security?
The choice is yours.
Editor’s Note: This is the very reason we have taken on two precious metals sponsors. We avoided precious metals sponsors for years, but now we have embraced two America First companies. Our Gold Guy specializes in bullion. Goldco specializes in precious metals IRAs.
Five Things New “Preppers” Forget When Getting Ready for Bad Times Ahead
The preparedness community is growing faster than it has in decades. Even during peak times such as Y2K, the economic downturn of 2008, and Covid, the vast majority of Americans made sure they had plenty of toilet paper but didn’t really stockpile anything else.
Things have changed. There’s a growing anxiety in this presidential election year that has prompted more Americans to get prepared for crazy events in the future. Some of it is being driven by fearmongers, but there are valid concerns with the economy, food supply, pharmaceuticals, the energy grid, and mass rioting that have pushed average Americans into “prepper” mode.
There are degrees of preparedness. One does not have to be a full-blown “doomsday prepper” living off-grid in a secure Montana bunker in order to be ahead of the curve. In many ways, preparedness isn’t about being able to perfectly handle every conceivable situation. It’s about being less dependent on government for as long as possible. Those who have proper “preps” will not be waiting for FEMA to distribute emergency supplies to the desperate masses.
Below are five things people new to preparedness (and sometimes even those with experience) often forget as they get ready. All five are common sense notions that do not rely on doomsday in order to be useful. It may be nice to own a tank during the apocalypse but there’s not much you can do with it until things get really crazy. The recommendations below can have places in the lives of average Americans whether doomsday comes or not.
Note: The information provided by this publication or any related communications is for informational purposes only and should not be considered as financial advice. We do not provide personalized investment, financial, or legal advice.
Secured Wealth
Whether in the bank or held in a retirement account, most Americans feel that their life’s savings is relatively secure. At least they did until the last couple of years when de-banking, geopolitical turmoil, and the threat of Central Bank Digital Currencies reared their ugly heads.
It behooves Americans to diversify their holdings. If there’s a triggering event or series of events that cripple the financial systems or devalue the U.S. Dollar, wealth can evaporate quickly. To hedge against potential turmoil, many Americans are looking in two directions: Crypto and physical precious metals.
There are huge advantages to cryptocurrencies, but there are also inherent risks because “virtual” money can become challenging to spend. Add in the push by central banks and governments to regulate or even replace cryptocurrencies with their own versions they control and the risks amplify. There’s nothing wrong with cryptocurrencies today but things can change rapidly.
As for physical precious metals, many Americans pay cash to keep plenty on hand in their safe. Rolling over or transferring retirement accounts into self-directed IRAs is also a popular option, but there are caveats. It can often take weeks or even months to get the gold and silver shipped if the owner chooses to close their account. This is why Genesis Gold Group stands out. Their relationship with the depositories allows for rapid closure and shipping, often in less than 10 days from the time the account holder makes their move. This can come in handy if things appear to be heading south.
Lots of Potable Water
One of the biggest shocks that hit new preppers is understanding how much potable water they need in order to survive. Experts claim one gallon of water per person per day is necessary. Even the most conservative estimates put it at over half-a-gallon. That means that for a family of four, they’ll need around 120 gallons of water to survive for a month if the taps turn off and the stores empty out.
Being near a fresh water source, whether it’s a river, lake, or well, is a best practice among experienced preppers. It’s necessary to have a water filter as well, even if the taps are still working. Many refuse to drink tap water even when there is no emergency. Berkey was our previous favorite but they’re under attack from regulators so the Alexapure systems are solid replacements.
For those in the city or away from fresh water sources, storage is the best option. This can be challenging because proper water storage containers take up a lot of room and are difficult to move if the need arises. For “bug in” situations, having a larger container that stores hundreds or even thousands of gallons is better than stacking 1-5 gallon containers. Unfortunately, they won’t be easily transportable and they can cost a lot to install.
Water is critical. If chaos erupts and water infrastructure is compromised, having a large backup supply can be lifesaving.
Pharmaceuticals and Medical Supplies
There are multiple threats specific to the medical supply chain. With Chinese and Indian imports accounting for over 90% of pharmaceutical ingredients in the United States, deteriorating relations could make it impossible to get the medicines and antibiotics many of us need.
Stocking up many prescription medications can be hard. Doctors generally do not like to prescribe large batches of drugs even if they are shelf-stable for extended periods of time. It is a best practice to ask your doctor if they can prescribe a larger amount. Today, some are sympathetic to concerns about pharmacies running out or becoming inaccessible. Tell them your concerns. It’s worth a shot. The worst they can do is say no.
If your doctor is unwilling to help you stock up on medicines, then Jase Medical is a good alternative. Through telehealth, they can prescribe daily meds or antibiotics that are shipped to your door. As proponents of medical freedom, they empathize with those who want to have enough medical supplies on hand in case things go wrong.
Energy Sources
The vast majority of Americans are locked into the grid. This has proven to be a massive liability when the grid goes down. Unfortunately, there are no inexpensive remedies.
Those living off-grid had to either spend a lot of money or effort (or both) to get their alternative energy sources like solar set up. For those who do not want to go so far, it’s still a best practice to have backup power sources. Diesel generators and portable solar panels are the two most popular, and while they’re not inexpensive they are not out of reach of most Americans who are concerned about being without power for extended periods of time.
Natural gas is another necessity for many, but that’s far more challenging to replace. Having alternatives for heating and cooking that can be powered if gas and electric grids go down is important. Have a backup for items that require power such as manual can openers. If you’re stuck eating canned foods for a while and all you have is an electric opener, you’ll have problems.
Don’t Forget the Protein
When most think about “prepping,” they think about their food supply. More Americans are turning to gardening and homesteading as ways to produce their own food. Others are working with local farmers and ranchers to purchase directly from the sources. This is a good idea whether doomsday comes or not, but it’s particularly important if the food supply chain is broken.
Most grocery stores have about one to two weeks worth of food, as do most American households. Grocers rely heavily on truckers to receive their ongoing shipments. In a crisis, the current process can fail. It behooves Americans for multiple reasons to localize their food purchases as much as possible.
Long-term storage is another popular option. Canned foods, MREs, and freeze dried meals are selling out quickly even as prices rise. But one component that is conspicuously absent in shelf-stable food is high-quality protein. Most survival food companies offer low quality “protein buckets” or cans of meat, but they are often barely edible.
Prepper All-Naturals offers premium cuts of steak that have been cooked sous vide and freeze dried to give them a 25-year shelf life. They offer Ribeye, NY Strip, and Tenderloin among others.
Having buckets of beans and rice is a good start, but keeping a solid supply of high-quality protein isn’t just healthier. It can help a family maintain normalcy through crises.
Prepare Without Fear
With all the challenges we face as Americans today, it can be emotionally draining. Citizens are scared and there’s nothing irrational about their concerns. Being prepared and making lifestyle changes to secure necessities can go a long way toward overcoming the fears that plague us. We should hope and pray for the best but prepare for the worst. And if the worst does come, then knowing we did what we could to be ready for it will help us face those challenges with confidence.
It WILL stop bank runs. But they are a good thing. This would be like killing the canary in the coal mine so it won’t annoy you with singing. Orwell wasn’t writing INSTRUCTION MANUALS, A**holes!
It’s not what they say they “want” to do, but what they actually do. Banking digital currency won’t happen any time soon, so stop with the hysteria. If the bankers even try to implement digital currency they will be taken to task by an angry citizenship. Look at all those countries which are having bank runs because none of them have guns to shove in the faces of the managers of insolvant banks . The banks in America would have a hard time if it appears that a run on them may be inevitable because Americans have enough guns in the hands of patriots to bring the banks to their knees.