Posted on 06/17/2022 8:20:40 AM PDT by BusterDog
“You can’t replace something with nothing.”
They’re trying. Isn’t that what the great reset is all about? We’ll own nothing, equally with the rest of the world’s “commoners”, and be happy about it.
I think Powell is talking about a digital currency, not losing status to another currency. Then they can determine how much meat and gasoline we can purchase and give us social credits.
Thanks- that gives some perspective to the quoted remark.
US will turn its armies loose on the public. It’ll be very violent.
When the cost of servicing the debt takes too much of the budget, something has to go.
Consumers are almost tapped out. Things are going to get... interesting.
**************
The sharply rising costs of necessities are shrinking whatever disposable income people had.
People are going to stop buying trinkets and cut back on discretionary items.
History. Afghanistan.
Powell said Thursday that lowering demand will bring prices down.
I prefer raising supply.
👍🏼
Social credit systems are the ultimate slavery with no way to fight back. This is what will start CWII in the US. A few states that decide these monsters have already destroyed what was left of the US and decide to go their own way.SGOW. States Going Their Own Way. I would never have seriously wanted this just a few years ago, but if they are able to accomplish this (social credit system with central bank digital currency) ,there is no going back outside of multi EMPs destroying the entire global slave digital network, setting us all back 100s of years. Scary stuff.
“So we’re seeing the end of the dollar of THE reserve currency“
Apparently what happens next is not pretty. All the trillions of dollars get sold off to US interests (no one else buys them) then find their way back to US soil and inflation goes boom. It might be a gradual proces, or catastrophic. Much is unknown.
I’m suspecting this is already happening. But slo Joe is trying to hide behind Putin.
Lol, right on,
Interest rates will suck it dry.
Excellent Gaffer.
We also need to take a long look at all of Biden's 'executive orders' starting with Day One: Here's some of the Day One Orders:
https://www.kiro7.com/news/trending/here-are-executive-orders-signed-president-joe-bidens-first-day/6VBP7JFBOFDVLDAQP46MPN5SWE/
Here are Biden’s executive actions from his first day: An executive order requiring that people wear masks and maintain social distancing on federal property. The launch of a “100 Days Masking Challenge” to encourage Americans to wear masks.
The reversal of Trump’s decision to remove the U.S. from the World Health Organization. Anthony Fauci, the nation’s top infectious disease expert, will lead the American delegation, CNN reported.
An executive order that creates the position of COVID-19 response coordinator and restores the Directorate for Global Health Security and Biodefense, a team in charge of the pandemic response, within the National Security Council.
An executive order to extend eviction and foreclosure moratoriums. The moratorium for evictions will be extended until at least March 31.
Extended the existing pause on student loan payments and interest for Americans with federal student loans until at least Sept. 30. “These are emergency measures that will help to make sure that no American is put in the place of having to make the decision to pay their student loan payment or put food on the table in the short term and will help to provide some near-term relief,” Brian Deese, the new director of the White House National Economic Council, told The Washington Post.
An “instrument” that will allow the U.S. to rejoin the Paris Agreement on climate change within 30 days. The executive order fulfilled a campaign promise and represented a stark rebuke of Trump’s “America First” approach, the Post reported. Trump officially withdrew the nation from the Paris agreement on Nov. 4.
An executive order with the aim of “embedding equity across federal policymaking and rooting out systemic racism and other barriers to opportunity from federal programs and institutions.” This order will also disband the Trump administration’s 1776 Commission, which released a report on Monday that historians said distorted the role of slavery in the U.S.
An executive order reversing an order that excluded undocumented immigrants from the Census. The order now requires non-citizens to be included in the Census and the apportionment of congressional representatives.
A memorandum directing officials to “preserve and fortify” the Deferred Action for Childhood Arrivals program. The memo strengthens DACA after Trump’s efforts to undo protections for undocumented people who were brought into the country as children.
An executive action repealing two proclamations, informally known as the “Muslim ban” that restricted entry into the U.S. from majority-Muslim countries. Biden directed the State Department to restart visa processing for individuals from the affected countries, The New York Times reported. The president also asked the agency to develop ways to address the harm caused to those who were prevented from coming to the United States because of the ban.
An executive order revoking Trump’s “harsh and extreme immigration enforcement” and directing agencies to set immigration policies more “in line” with the Biden administration’s “values and priorities.”
A proclamation that will pause the construction of the border wall with Mexico and determine how to best divert those funds elsewhere. The order includes an “immediate termination” of the national emergency declaration that allowed the Trump administration to redirect billions of dollars to the wall, the Times reported.
A memorandum to extend a designation allowing Liberians who have been in the United States for a long time to remain. The order would block the deportation of Liberians who have been living in the United States.
An executive order directing the government to interpret the Civil Rights Act as prohibiting workplace discrimination on the basis of sexual orientation and gender identity, in addition to race, color, religion, sex and national origin.
An executive order enacting new ethics rules for government officials. The rules will require executive branch appointees to sign an ethics pledge, barring them from acting in their personal interest.
An executive order reversing “regulatory process executive orders” enacted by the Trump administration. Directs OMB director to develop recommendations to modernize regulatory review and reverses Trump’s regulatory approval process.
Biden is expected to sign more executive orders relating to the coronavirus on Thursday and economic relief on Friday, the Post reported. A “Buy American” action is expected Monday, and an order addressing racial equity issues will follow Tuesday.
Why say something like that unless it’s to damage the US on purpose?
Geez these Democrats are stupid.
Statement had meaning until I saw it was from a bitcoin source.
) A U.S. central bank digital currency (CBDC) could help maintain the U.S. dollar’s status as the world’s reserve currency, said Federal Reserve Chair Jerome Powell.
Me too. I’m a slave to air miles
Interest rates cannot possible overcome hyperinflationary increases.
GREAT post. Thank you.
Not stupid, evil!
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