Posted on 03/25/2022 1:36:29 AM PDT by gattaca
When CTH outlined the ‘Destination Handbasket’ framework {Go Deep}, we had no idea Blackrock CEO Larry Fink was essentially going to confirm the premise of our prediction. Keep in mind, any digital currency can only work if there is a digital identity attributed to it – what some have called a digital passport which then creates a crypto wallet.
I have based the framework, of what appears to be over the horizon, on a set of inevitable geopolitical outcomes if the current path is continued. The letter by Blackrock CEO Larry Fink [LINK] seems to affirm the strongest likelihood of a western-inspired digital currency eventually replacing the dollar.
NEW YORK, March 24 (Reuters) – BlackRock Inc’s (BLK.N) chief executive, Larry Fink, said on Thursday that the Russia-Ukraine war could end up accelerating digital currencies as a tool to settle international transactions, as the conflict upends the globalization drive of the last three decades.
In a letter to the shareholders of the world’s largest asset manager, Fink said the war will push countries to reassess currency dependencies, and that BlackRock was studying digital currencies and stablecoins due to increased client interest.
“A global digital payment system, thoughtfully designed, can enhance the settlement of international transactions while reducing the risk of money laundering and corruption”, he said.
[…] In the letter on Thursday, the chairman and CEO of the $10 trillion asset manager said the Russia-Ukraine crisis had put an end to the globalization forces at work over the past 30 years.
[…] “While companies’ and consumers’ balance sheets are strong today, giving them more of a cushion to weather these difficulties, a large-scale reorientation of supply chains will inherently be inflationary,” said Fink.
He said central banks were dealing with a dilemma they had not faced in decades, having to choose between living with high inflation or slowing economic activity to contain price pressures. (read more)
You see that problem, that “dilemma” Fink mentions in the last paragraph above. That is what we have been talking about on these pages for more than two years. It is a dilemma western government created when they all joined together and followed the exact same financial path during the pandemic.
When western governments used the justification of the global pandemic to shut down their economies, enforce lockdowns and all of the subsequent rules, restrictions and economic pains as a direct result of those decisions, they put us on a crisis path that was always going to bring us to this “dilemma.” Quite frankly, I do not see that unity of action as accidental, nor do I see it as organic.
All of the western leaders followed the same monetary and financial policy that was being advanced by the World Economic Forum. They all spent like crazy, and provided tens-of-trillions in bailouts, subsidies and cash payments to cover the economic losses created by their COVID lockdowns. They all did exactly the same thing, and that collective action is why we have ‘global inflation.’
Perversely, while inflation crushes the working class, global inflation works to their benefit by lowering the cost of the debt the politicians created, which the central bands and federal reserve facilitated. We the citizens are suffering under inflation, but the governments that created the inflation actually benefit from it.
I will say with great deliberateness, these western governments want inflation. Sure, it provides a political challenge for those who need to get reelected by voters, but in the bigger of big pictures, they need inflation. Think about it in very simple terms. If they did not want inflation, those same central banks and federal reserve policy makers would have raised interest rates six to eight months ago.
None of what is happening in supply chains and inflation is a surprise to them; they might pretend not to know, but these are not stupid people. This is by design. Media covers for them because, well, I’ll accept the PR firms for the regimes are idiots. However, the people who constructed these policies to take advantage of COVID-19 are not dummies. They knew what all that intervention, manipulation and govt spending would lead to.
Where we are going now is a self-fulfilling prophecy, a destination that is a result of specific action the guided policymakers have taken.
Yes, in hindsight, all of it does seem planned to a long-term eventual conclusion. However, I’m not going to make that specific affirmation just yet; there are still strong elements of ‘not letting a crisis go to waste’ as the leading driver. Did these governing bodies create the underlying crisis? We can debate that, but the point is essentially moot. We are where we are.
The vaccination protocol created the Vax-Passport. That has opened the door to the digital identity, “digital id.” Any government created digital currency is going to need a digital id from the outset.
There are a lot of people asking where this is going, and what can be done to stop it. I’m pretty certain we have accurately identified “Where This is Going,” and I’m a lot more confident now about that aspect than I was even just 24 hours ago. However, knowing that, now we need to look closer at what they would do to stop us from disrupting it.
TOTALLY not going to control you and starve your kids and grandkids if you get out of line...
DIE, CORPORATE SCUM!!!
Hopefully using cash where convenient, and as much as possible, rather than using bank cards all the time, will help slow this thing down.
PING!
The All-controlled digital currency will be needed as hyper-Stagflation ravages life.
All retirement savings and social security money will be worth next-to-nothing.
You retired Freepers will be forced back to work, if they want you to. At whatever job they want you to take; you spend on what is allowed. The rest of us will never retire.
Nothing can stop what’s coming.
I’m glad I don’t have kids or a family. I can calmly sit by the docks and watch the sunsets until I perish.
“A global digital payment system, thoughtfully designed, can enhance the settlement of international transactions while reducing the risk of money laundering and corruption”, he said.”
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In the Name of the Lord Jesus Christ, and by the authority vested in us as believers biblically, we now take authority over and bind the strongman over the following: 666, Cash Abolition, one-world government and digital world identification, BlackRockInc, CEO Larry Fink, globalization, and the MSM.
We loose upon all these one-world government and evil strongmen and all their minions the spirits of confusion, burning, destruction and judgement. And we loose the heavenly warrior angels to attack and destroy them.
In Jesus’ Name, amen.
Finkidiot is a Soros lite........
Institutional cancel culture.
Amen and Amen.
As I’ve been telling everyone, CBDCs are fascist coin and must be opposed at all costs.
Love it and stole it. Thanks!
Fink is no better than the evil scum that put into motion the Federal Reserve from Jekyll Island.
Absolutely the WORST idea, EVER!
We have already let these scumbags usurp our rights to national sovereignty, personal decision making, and educating our children.
To give them, now, dominion over the family purse strings is beyond abhorrent. The outcome is horrendous.
Mask up, Peasant! What? No, you say? Well, OK, your digital currency no longer works. You can’t pay bills, buy food, gasoline, or anything else.
What do you mean you don’t agree with our latest Woke pogrom? Well, OK, your digital currency no longer works.
Orwell must be spinning in his grave. This is how America dies.
There is a certain freedom in that, isn't there?
I have gotten to the point that even the very real possibility of a nuclear exchange, doesn't trouble me.
The banality of the kleptocracy evil!
A flu caused all election laws to be changed so a presidency could be stolen. It also killed many small businesses and ruined kids with lockdowns. No some war half way across the world between two countries who have gone at it before is going to change the global financial system. Seems like little things are being used to cause big change.
Anything Larry Fink got the stink.
SPJNK.
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