The collapse of World Dynasties, the rush to Central Banking Digital Currencies and the Japanese Legend of the Sessho-Seki 7 min ago The Radical Dispatch
“Anyone familiar with the Japanese legend of Sessho-seki, or the “killing stone,” should be alarmed following reports earlier this week the volcanic rock has recently split in two.According to mythology, the rock traps the spirit of Tamamo-no-Mae, a deadly and immortal nine-tailed fox responsible for the collapse of dynasties and the deaths of thousands across Asia in ancient times.”
This is the free version of the Radical dispatch.To listen to my accompanying Resistance Radio broadcast please subscribe here: Subscribe Share President Biden Chillingly Declares a New World Order
The collapse of World Dynasties, the rush to Central Banking Digital Currencies and the Japanese Legend of the Sessho-Seki
1) A New World Order
That’s it.The president has confirmed something that, up until now, was laughed at as the paranoid delusions of the “weak” minded, those whose perennial curse is that they see a kaleidoscope where others only see isolated dots.
This week, President Biden confirmed to business leaders that we are at an inflection point, and there will be a New World Order.
For some reason, he felt the need to couple this announcement with the number of people that he believes usually die when such historic turnings occur: 60 million.
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It’s not rocket science.
World Orders are built around the financial system.Historically, this would usually only change through war.By way of example, the end of World War II heralded the creation of the International Monetary Fund (IMF) , agreed at Bretton Woods.This established the modern financial system by linking global currencies to the US dollar and – at least until 1971 – the US dollar to gold.
“ The countries that joined the IMF between 1945 and 1971 agreed to keep their exchange rates (the value of their currencies in terms of the U.S.dollar and, in the case of the United States, the value of the dollar in terms of gold) pegged at rates that could be adjusted only to correct a “fundamental disequilibrium” in the balance of payments, and only with the IMF’s agreement.This par value system—also known as the Bretton Woods system—prevailed until 1971, when the U.S.government suspended the convertibility of the dollar (and dollar reserves held by other governments) into gold .”
After 1971, and due to Nixon’s alterations, global currencies remained linked to the US dollar, but the US dollar was pegged to absolutely nothing.
This is how – right up until now – the US Federal Reserve had a monopoly on global monetary policy.
Due to greed, corruption and unaccountability leading to the cover up of global mass-embezzlement, our current financial system is in its death-throws.This was largely caused by boom-bust cycles, and our policy responses to them, such as ‘quantitative easing’ or money printing.But unlike after WWII, this time an alternative exists in the form of decentralised crypto currencies.
Central bankers are clamouring to fend off the advancement of decentralised currencies so as to maintain their global control, by creating their own centralised alternative: Central Banking Digital Currencies (CBDCs).
As I warned in my interview with Joe Rogan ( censored for three weeks ), countries around the world have already started to roll out their CBDCs.
i) The United States
This month, President Biden issued an Executive Order that paves the way for an American CBDC.
This order calls for a full-scale assessment of the potential benefits of, and risks associated with a CBDC.It orders the US Treasury Department, the Commerce Department and other agencies to prepare reports on “the future of money”, and to assess the prospects of a digital dollar.194 Retweets 126 Likes
iii) Europe
iv) Canada
In March 2022 the Bank of Canada reported :
“ The Bank of Canada and the Massachusetts Institute of Technology (MIT) today announced an agreement to collaborate on a twelve-month research project on Central Bank Digital Currency (CBDC) ”
v) The G7 :
A programmable digital coupon scheme (they call it currency) that hands total control to the state has already been announced by the G7, currently led by Britain.144 Retweets 308 Likes
vi) The UN :
On 21st January 2022, UN head Antonio Guterres urged all member countries to go into “emergency mode” around five areas, which include: “ Transforming the global financial system… putting people at the centre of the digital world” 1,286 Retweets 5,814 Likes
You should read this as him demanding a digital ID for every single person on the planet – as an “emergency” – linked to programmable digital coupons (or “currencies”) for food.This is the Chinese social credit system, and implies total state control.
The Bahamas , the Eastern Caribbean , Jamaica , Nigeria , and Sweden have all announced that they too are pursuing this path.
India appears to have been slightly ahead of the game:
In fact, and according to the Atlantic Council’s CBDC tracker , around 80 countries are currently actively exploring digital coupons (or “currencies”) backed by their central banks.
vii) The People’s Republic of China
China became the world’s first major economy to pilot a digital coupon (or “currency”) in April 2020 .The People’s Bank of China is aiming for widespread domestic use of the e-CNY, or digital yuan, in 2022.
viii) The Russian Federation and US Sanctions
Due to the ongoing war in Ukraine, the US and her allies have imposed sanctions on Russia, expelling Russia from the global SWIFT system of payments.61 Retweets 224 Likes
The war in Ukraine is the “inflection” point that Biden referred to above.US sanctions on Russia are so extensive that they invariably lead to the end of the US dollar based global financial system, agreed after World War II at Bretton Woods.
This means the end of the financial system as we know it:
Russia now appears set to abandon her dependency on the petrodollar, instead relying on her own financial alternatives.
The NY Times reports :
Meanwhile, Russia’s largest trading partner China, which has already launched its own CBDC, announced that their country’s relationship with Russia has “no limits.”
“ Cutting some Russian banks’ access to SWIFT — the messaging network at the heart of global movement of money..will give other geopolitical rivals, especially China, the excuse to promote digital versions of their own central banks’ money in global trade and finance.That could weaken the dollar’s international clout .”
“ To shrug off the yoke of CHIPS, China has readied its own Cross-Border Interbank Payment System.CIPS settles international claims in yuan and can potentially run its own messaging network.”
What all this means is that, as you are reading this Radical Dispatch, the world is cleaving along the lines of George Orwell’s dystopian vision of Eurasia, Eastasia and Oceania .
Most of the lands that remain in “dispute” here happen to be Muslim-majority lands.Subscribe
3) Why Does All This Matter?
If you believe the rhetoric of the World Economic Forum (WEF), all of the above changes are benign.
The reality is that never before in history has the world seen a control mechanism as complete, as total and as all encompassing as CBDCs.You should be very worried.
i) On Privacy
Once CBDCs are implemented, and cash erased, every single one of your digital transactions will exist on the public ledger, anybody can see them, forever.And unlike self-custodial decentralised crypto wallets, central banks seek openly to have access to your CBDC wallet by tying it to a state-issued digital identity.
The Financial times reports :
” What CBDC research and experimentation appears to be showing is that it will be nigh on impossible to issue such currencies outside of a comprehensive national digital ID management system .
Meaning: CBDCs will likely be tied to personal accounts that include personal data, credit history and other forms of relevant information .”
As I sought to warn on my appearance with Joe Rogan , this is why governments were stubbornly insisting on setting up a vaccine passport infrastructure long after the rest of us had already realised that vaccine passports do not stop infection or transmission of Covid.
What we are living through appears to be a global bankers’ palace coup, seizing power from governments, where they had once granted an illusion of people’s power .
“ . . . central banks have designed their CBDCs to not pay interest or are considering setting a penalty on holdings above a certain threshold.Some central banks have also imposed caps on total balances or allowed commercial bank intermediaries to limit the degree to which customers can exchange existing deposits for CBDC…central banks have mostly decided against fully anonymous accounts or have capped the size of anonymous transactions.Governments have varying degrees of insight into transactions and have generally put the burden of monitoring CBDC customers and transactions on commercial bank intermediaries .”
The Financial Times continues :
“ When money goes ID-based , one also has to consider the broader parameters of the potential data creep.Just how far should that personal file reach? What sort of non-monetary information should or shouldn’t be contained within it? To what degree should account-holders be able to refuse access to their data to third parties? Who might the government entrust to manage and operate these schemes, and how can we hold them to account? ”
ii) Control
But privacy is the least of it.
There are graver concerns around CBDCs being programmable.Unlike decentralised crypto and cash, these digital coupons (or “currency”) could be pre-programmed to allow only the purchase of goods and services that are approved by the central bank, the government, or your employer.
To quote at length from this Telegraph article : .
