Ripped From The Headlines, June 20, 2023
IMF Prepares For World CBDC, The Pentagon's $6.2 BILLION Dollar Error, America's Downtowns Are Screwed - Read, Share, & Subscribe - SherlocExposes.com
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“The International Monetary Fund (IMF) is working on a platform for central bank digital currencies (CDBCs) to enable transactions between countries, IMF Managing Director Kristalina Georgieva said on Monday.
‘CBDCs should not be fragmented national propositions... To have more efficient and fairer transactions we need systems that connect countries: we need interoperability,’ Georgieva told a conference attended by African central banks in Rabat, Morocco.
‘For this reason at the IMF, we are working on the concept of a global CBDC platform,’ she said.
The IMF wants central banks to agree on a common regulatory framework for digital currencies that will allow global interoperability. Failure to agree on a common platform would create a vacuum that would likely be filled by cryptocurrencies, she said.
A CBDC is a digital currency controlled by the central bank, while cryptocurrencies are nearly always decentralized.
Already 114 central banks are at some stage of CBDC exploration, ‘with about 10 already crossing the finish line,’ she said.
‘If countries develop CDBCs only for domestic deployment we are underutilizing their capacity,’" she added.
“The Pentagon said Tuesday that it overestimated the value of the weapons it has sent to Ukraine by $6.2 billion over the past two years — about double early estimates — resulting in a surplus that will be used for future security packages.
Pentagon spokeswoman Sabrina Singh said a detailed review of the accounting error found that the military services used replacement costs rather than the book value of equipment that was pulled from Pentagon stocks and sent to Ukraine. She said final calculations show there was an error of $3.6 billion in the current fiscal year and $2.6 billion in the 2022 fiscal year, which ended last Sept. 30.
As a result, the department now has additional money in its coffers to use to support Ukraine as it pursues its counteroffensive against Russia. And it come as the fiscal year is wrapping up and congressional funding was beginning to dwindle.
“Wall Street is betting against America’s downtowns.
Investors are paying less for bonds linked to New York subways and buses. Downtown-focused real-estate investment trusts trade at less than half their pre-pandemic levels. Bondholders are demanding extra interest to hold office-building debt.
Downtowns have been a mother lode for American cities over the years, providing billions of dollars in tax revenue along with their distinctive skylines. In turn, investors who bet on downtown office towers, or on the trains and buses delivering workers to them, could generally trust they held a winning hand.
Now, with white-collar workers spending more time in their home offices, a phenomenon that shows few signs of ending, investments linked to downtowns are trading at falling prices in volatile markets.
‘You could see this as a slow-motion change or as the beginning of a slow-moving train wreck,’ said Richard Ciccarone, president emeritus of Merritt Research Services, a municipal credit analysis firm. ‘I hope it’s not a train wreck, but it could be.’”
“But It’s Only Tuesday,” Ripped From The Headlines. Things To Ponder:
“CBDC Takeover? You’re A Conspiracy Theorist!”
Well, maybe more like a truth-teller.
If you’re a regular reader of Ripped From The Headlines, you know we’ve talked extensively about Central Bank Digital Currency (CBDC) and what the plan is to implement them. In the US, banks are wrapping up their certifications for the “FedNOW” program, which will make financial transactions instant…
And lay the foundation for a Central Bank Digital Currency.
The IMF trying to do this cross-border is a red alert to the progress of the plan for a world currency control system.
We encourage you to listen to this edition of The Officer Tatum Show with Carl Jackson, as we broke down the banking crisis and what the CBDC will look like:
Also, the January 16 edition of Ripped From the Headlines showed you what was coming. Click Here to read it.
Know Your Foe.
“What’s $6.2 Billion Between Friends Anyway?”
Especially when it’s YOUR MONEY that the government is making “accounting errors” on…
If it was 62 cents, or even $6200, we could see an error…
BUT HOW DO YOU MISS $6.2 BILLION FOR TWO YEARS?
You are either ignorant or complicit. End of story.
Interesting how no one really seems to be held accountable though, right?
This is how things like the latest banking crisis, crumbling infrastructure, and planes almost colliding happen…
The patients are running the asylum.
Brace For Impact.
“We’re Giving Up On Downtowns In America… Just Leave The Keys On The Desk…”
Exactly how does something like this even happen, and basically get glossed over in mainstream media?
Because their handlers say so…
The situation for commercial real estate in the US is bad…
And the residential one ain’t much better…
If you’re looking to buy, keep your powder dry…
Your opportunity is coming, soon.
Brace For Impact.
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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