Ripped From The Headlines, January 16, 2023
#CBDC Coming, Ready Or Not, Scumbag US Politicians At Davos, Big Business Braces For Failure - Read, Share, & Subscribe - SherlocExposes.com.
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Ripped From The Headlines - A Tribute To The Legendary Paul Harvey
(EDITOR’S NOTE: Orange-linked text is clickable for additional information.)
“‘Central-bank digital currency' doesn’t exactly roll off the tongue. But you might want to get used to saying it. These so-called CBDCs, or digital versions of dollars, yuan, euros, yen or any other currency, are coming, say those who study them. And depending on how they are designed and rolled out, their impact on the banking system could be profound.
One hundred and fourteen countries are exploring digital currencies, and their collective economies represent more than 95% of the world’s GDP, according to the Atlantic Council’s Central Bank Digital Currency tracker. Some countries, including China, India, Nigeria and the Bahamas, have already rolled out digital currencies.
Others, like Sweden and Japan, are preparing for possible rollouts. The U.S. is studying the issue and has run trials of various technologies to enable a digital currency, although Fed chair Jerome Powell has indicated the U.S. central bank has no plans to create one, and won’t do so without direction from Congress."
"U.S. lawmakers quietly took part in a private ritzy lunch atop the World Economic Forum on Monday featuring dozens of influential business leaders, according to people with direct knowledge of the matter.
Lawmakers in attendance included members of the U.S. congressional delegation taking part in the annual confab for the elite and wealthy in Davos, including Sens. Joe Manchin, D-W.Va., Chris Coons, D-Del., Kyrsten Sinema, I-Ariz. and a few members of the House of Representatives, these people explained. Republican Georgia Gov. Brian Kemp also attended the event, one of the people said.
Coons, Manchin, Sinema and Kemp are among the U.S.-based officials scheduled to participate in panel sessions at this year’s conference. These private events on the sidelines of the World Economic Forum often serve as meet-and-greets between CEOs, billionaires and government officials."
"The World Economic Forum’s annual meeting began in Davos with corporate executives and economists warning a global recession is likely this year.
Of 4,410 business leaders surveyed by PricewaterhouseCoopers LLP in October and November last year, 73% predicted global growth to decline over the coming 12 months. The reading was the worst since the consulting firm began polling in 2011. Two out of five even expressed concern their companies may not last a decade.
Price Waterhouse Coopers Global Chairman Bob Moritz said the main surprise has been the long-term outlook, with 40% of chief executives convinced 'their organizations will not be economically viable in 10 years if they do not transform.'
He said: 'The short term is about how to manage cost pressures and the longer term is about supply chains, climate, technological disruption.' Bosses need to take action now to 'survive two years to thrive in the next 10' while ensuring they have the capital to deploy for the future."
#CBDC And Davos Monday, Ripped From The Headlines. Things To Ponder:
“Don’t Worry About That CBDC Thingy… What’s The Worst That Can Happen?”
Famous last words.
This article from the Wall Street Journal is actually quite informative, and it shares a dirty little secret about CDBCs that you should be aware of:
The first type (of CBDC) is just a new way for central banks to transfer money to commercial banks.
More specifically, some central banks are testing whether money transfers between financial institutions—which in some cases can take days to settle—might be made safer and more efficient under a system in which central-bank money is represented by digital tokens and transactions are settled on a shared distributed ledger, concepts borrowed from cryptocurrency and blockchains. One such system is being tested by the New York Fed and a range of big U.S. banks and financial institutions.
The second type of CBDC is a digital version of fiat money made available to the general public through accounts held by a central bank or a commercial bank. From the perspective of a regular person or business, this kind of CBDC isn’t any different from the electronic money in their bank accounts today—it’s just a digital dollar. What makes these kinds of CBDCs special is that they are created, and held, in accounts that a central bank has direct access to. If another pandemic happened, for example, the Fed could just deposit stimulus “checks” into every U.S. citizen’s digital-currency account.
The second type of CBDC we’ve talked about it often, most recently with Nick V - Click Here to see that interview.
But the first type of CBDC… that’s dangerous.
One of the big reasons that governments are working towards that version of a CBDC, is that it will allow them to cover up the fact that all of the major banks are actually insolvent (as we reported HERE.)
If you can track the grift anymore, no more proof of the grift, right?
Know. Your. Foe.
“Scumbag Politicians Meeting With Slick CEOs? Who Woulda Thunk It?”
You…
Because you get what’s going on…
See how these politicians, Democrat and Republican, just make their way over to Davos and the World Economic Forum to meet to get their marching orders on what laws to pass?
And, they are “on panels?”
To discuss what, exactly?
Once again, Know. Your. Foe.
“The Guy In The Bomb Diffuser Jacket Is Running… Should We Run?”
You bet your assets you should…
Read this quote again:
”Price Waterhouse Coopers Global Chairman Bob Moritz said the main surprise has been the long-term outlook, with 40% of chief executives convinced 'their organizations will not be economically viable in 10 years if they do not transform.'”
And you know what that “transformation” is right?
If not, click here to get yourself up to speed.
Yikes.
What does this mean?
The economy Your future is hanging in the balance… literally.
The people running things have no clue how to fix the problem… Even if they did, it’s too big to fix now.
They’ll be using any assets you have left in their hands (i.e.: pensions, 401k’s), and rob you blind to try and “fix” the problem.
You’ll be less wealthy, with fewer supplies, and less freedom to speak your mind.
Those aren’t good things.
Why should I care?
There’s so much to unpack…
Your wealth…
Your legacy…
Anything you plan to leave for future generations…
Getting the basics to live…
All of these things are teetering on the edge.
You should REALLY care.
What Should I Do?
Start thinking about the basics that people will need, and look at those things as potential avenues to protect yourself and as an investment.
Do you know why Berkshire Hathaway’s stock is so expensive?
They touch 90% of your life every day, and you don’t even realize it. That’s inflation/deflation/recession/depression insurance. You’ll still need toilet paper and toothpaste.
You should also tell as many people as you can about what’s happening. Don’t leave people behind, while we still have a window to help them.
A quick way to do that: Share this newsletter… heck, take from it, and do your own. We give you permission…
Take the time to learn more about Parallel Economies, and find alternatives to the things you use today… food, money, and transportation.
GET MOVING ASAP.
James Wesley, Rawles, publisher of SurvivalBlog.com has put together a “bookshelf” list of key things you should have. CLICK HERE to access the list.
Plus a recap of the 50 things you should have handy to barter.
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