The objective of The Fed and all other world banks is CONTROL.
Have a great day!
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“Fed must have figured out that with inception of CBDC they will lose their world dominance in the financial markets.”
Bingo
“To me this doesn’t mean that they are doing it to save every American from plague of central banking slavery they just easing up chains.”
No, it does not mean they wish to save anything but themselves. I’ve not suggested otherwise. But insodoing America is not enslaved to the same type or worldview of people qua Davos, which may be an opportunity to rebuild. Humanity must deal with set A of psychopaths and set B of psychopaths, but the order in which this is done, is important.
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We seem to have demonized the words “control” AND “bank”. Control is not bad. A “bank” keeps a river from flooding. Would we not want to use control and a bank to keep the River from flooding?
We use dams to control raging water flows and some are even used to generate electricity.
Let us pray for the wisdom to use our knowledge to advance us, not destroy us.
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Controls are proper to technology; let them stay in technology, and not encroach further upon our life.
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@omnimatter We’ll have to agree to disagree.
Now, I can believe there is infighting within and between central banks. And, as I said, there is certainly a war by the dollar syndicate against the euro syndicate at present.
I don’t care what Powell or any other central banker says, I don’t believe that, in the end, the Fed is going to sit by and watch China, Europe, or whoever else have CBDCs and have nearly total control over their citizens and not do the same in the U.S. Nothing that I’m aware of in the Fed’s history, from 1913 to the present day, leads me to believe they care about anybody but themselves and the biggest of the big banks, not Joe’s auto shop, not smaller banks, not anybody on Main St.
As far as the Fed’s actions after the SVB collapse, I just watched Janet Yellen testify in the Senate, explaining that all uninsured depositors at SVB would be made whole – which isn’t supposed to happen. So the people in charge of the banking system are making a special exception for SVB. Why? Because the FDIC made a judgment that SVB was big enough to be “systemically important.” As the Senator from Oklahoma pointed out to Yellen, the effect of this action is that depositors will now want to migrate from small, community banks (and regional banks, presumably, too) to one of the big New York banks that have, in the past, been judged “systemically important” by the Treasury and/or the Fed. The result, then, is the exact opposite of helping local or regional banks.
@thebeaver I’d assumed that FedNow was being implemented to establish and test the technological train tracks, so to speak, for a future CBDC. But another possibility is that FedNow technology will include surveillance and enforcement capabilities similar to what a CBDC would have, but commercial banks, instead of the central bank, will oversee the surveillance/enforcement. That would achieve two things: it would be a way to implement CBDC functionality without cutting commercial banks (at least a few select big ones) out of the action; and it would be a way to get CBDC functionality without calling it a CBDC.
P.S. I’m indebted to CAF for most of the points I’m bringing up here.
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Certainly anything is possible but, I do believe it’s between banks at this time.
You do have great points!
Positioning the Euro v. the USD is a false dichotomy; the Eurozone is wholly dependent upon the valuation of the USD, which is why the LIBOR syndicate in London was so critical to the Davos set. Without the offshore USD markets, the Eurozone currency ceases to exist entirely.
China, as with most Eurasian economies, has not interest in CBDC and has made a great effort to get all stablecoins AND BTC away from the digitized yuan. A digitized USD or YN is not equivalent to CBDC because Davos-Israel-EU would have CBDC.
Yes, the Fed had to cut a deal with Yellen (Davos) to make the large depositors whole in the form of a loan, not a bailout. Yes, the criminals got away with their deposits, but the Fed shut off the faucet of offshore dollars used by Davos to purchase revolutionaries in three critical locations. This was a necessary prelude to going after Black Rock which is occurring now with the assistance of China’s Evergrande scandal. See my post on the subject for details.
There was no bailout, and anyone saying otherwise is ignorant of the mechanism by which the NY Fed deliberately collapsed SVB, forcing them into a triage. Davos retaliated by pulling liquidity from Credit Suisse and collapsing and force sales. The process has enraged the Swiss and in many ways, turned the bondholders from CS and USB against the Swiss PM, who is a Davos agent. The net effect is that Davos loses access to US liquidity and pisses off the highly competent Swiss people.
Both of which are wins for the USD and the Fed.
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Please read the detail of the SVB, Credit Suisse, and USB collapse here:
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I have been following Tom Luongo for the past two years and his analysis concurs with what you have explained here. His latest newsletter, Gold Goats and Guns, explains this model and why the Fed is attempting to take down the Davos crowd and bring money back into the US. Bad press is being created by those who are the targets- like the DNC and their puppets. If you can withstand his exuberance and have the time, this livestream from yesterday is worth the watch (or listen).
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I’ve been studying geopolitics for a decade, but he provided the macroeconomic overlay required to bring high specificity to the variables and their erratic behaviours. Really an exciting phenomenon since he has zero formal training in economics. The autodidacts I encounter are far more valuable than any alleged academic or private capital authorities.
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My second husband was a floor trader who owned his seat on the American Options Exchange, before our government dropped a building on it and moved it to Chicago. (He died in 1993 and sold his seat after the late 80’s crash(es)- cancer probably from smoking about 5 cigarettes at one time in the side room as he studied his chits and from the stress of the insanity of “making the market”.) I have immense appreciation for men like Luongo who are driven to understand the game- that is what it is. My husband’s mother was the #1 woman bridge player IN THE WORLD and that is how he was able to fully comprehend the market. Tom Luongo, in addition to being brilliant, also plays poker.
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I’m sorry for your loss; I laughed heartily about his nicotine habit, which is very cliche among those men. The only adrenaline-oriented task I can think of more than old floor trading would be F1 racing enthusiast or fighter jet dogfighting enthusiast. After being hurled by my athletic scholarship out of school, I operated an illegal gambling circuit outside my frat house.
I’m on the spectrum, so I learned by numbers to read people and, eventually, complex systems. Had I not played card games and having been trained as a physician, my bedside manner would have been a blank slate. I couldn’t understand human facial expressions relative to emotional states; it made no sense. Board games are very beneficial.
The Duran interview is perhaps the best explanation of the mechanism by which the Davos set intended to take control of the entire US financial system and eventually use the power to bludgeon the EU and the US, more or less simultaneously, into REAL CBDC. The Fed says, niet.
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This is red hot information brother, didn´t knew about this technicality of the banking system.
I´ve read about the LIBOR scandal when it happened, but didn´t follow trough the subsequent actions taken by the US Banking stabilishment.
One question, the great old banking families of the world are intermarried, like the Schiffs, the Moses, the Loebs, the Rothschilds and the Warburgs.
I remember that the Rockeffelers had intermarried with some banking dinasty from the EUA, also.
Aren´t these all interlinked in the present, also?
Because the project to colonize the entire planet by concentrating power in the financial slave masters is more than 3 thousand year old, how could they let the USA scape right now there is just 17 yers left to it´s final conclusion?
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Autodidactis are the best, because their studies are fine tuned by constant critical thinking, withtout wich real learning cannot happen.
Aren´t the USA Banks members of the WEF?
And also of the Bilderberg Club, who ows the WEF?
The WEF is loose collection, a confederacy, of many actors. Yes, many US banks in the last four decades have associated with Davos.
We are viewing in real-time the fracturing of these old alliances.
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By the very few answers that i saw you give to other persons, i can see that you are a very high calliber intelect, and a great education in history and finance, it´s very intriguing to observe that you truly believe that it´s a genuine fracture of those groups in to opposing factions, and that this is not a part of the greater game?
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My dear compatriot, I’ve no education in finance; I’m a biophysicist and a physician; please accept my gratitude for your compliments. But, it IS the greater game. This is the game, and now that game is in the open.
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