This editor has been forecasting for at least twenty years that the dollar is not the issue: It is the entire worldwide fiat system of all currencies. The dollar will not “crash and burn,” as others have claimed. The CBCD system is poised to destroy all fiat paper systems in one fell swoop, and it will be sudden. Look for a financial shock to start the avalanche, and then look for a global bank holiday (i.e., Black Monday) lasting for a week or two, after which the new system will magically appear. ⁃ TN Editor
“What underpins a world order is always the financial system.
We are on the brink of a dramatic change where we are about to, and I’ll say this boldly, abandon the traditional system of money and accounting and introduce a new one. And the new one is what we call blockchain.
It means digital. It means having an almost perfect record of every single transaction that happens in the economy, which will give us far greater clarity over what’s going on. It also raises huge dangers in terms of the balance of power between states and citizens. In my opinion, we’re going to need a digital constitution of human rights if we’re going to have digital money.
Most people think that digital money is crypto and private, but what I see are superpowers introducing digital currency. The Chinese were the first. The US is on the brink of moving in the same direction. The Europeans have committed to that as well.”
This revolutionary speech about a new financial system, was delivered at the World Government Summit in March 2022 in Dubai, by Philippa “Pippa” Malmgren, a member of the Council on Foreign Relations (CFR) and Chatham House; her father, Harald Malmgren served as a senior advisor to US Presidents Kennedy, Nixon, Ford and others. She’s a technology entrepreneur and economist, who served as Special Assistant to President George W. Bush, for Economic Policy on the National Economic Council and is a former member of the President’s Working Group on Financial Markets and Corporate Governance.
Her words about the transition to a new world order that requires a new financial structure correspond well with the words of French President Emmanuel Macron in June 2023 at the Global Finance Summit in Paris: “The world needs a public financial shock to fight global warming, and the current system is not suitable for dealing with the world’s challenges.” The president of Brazil, Lula da Silva, also called for “a clean slate” and said the Bretton Woods organizations (World Bank, International Monetary Fund) do not serve their goals nor respond to society’s needs.
“THE NEW BRETTON WOODS MOMENT”
“A new international monetary system is taking shape, some call it the new Bretton Woods moment that needs to be seized to create a new global financial governance,” says the investigative journalist Whitney Webb in a recent sitdown interview, where she mention that according to Mark Carney, former governor of the Bank of England & Bank of Canada and the UN Special Envoy for Climate Action and Finance, the three pillars of the new multi-polar world are Digital IDs, CBDCs and ESG, through a global carbon market. All world governments are pushing this agenda, that in order for it to succeed, all monetary systems and supporting systems must become digital and rely on digital data.
A good example of this was revealed at an event of the Central Bank of Israel with the Bank for International Settlements (BIS) – which I attended – in September 2023 in Tel Aviv, where the “Genesis Project” was presented. As part of this project, “green” bonds are issued, based on carbon quotas in the CBDC infrastructure. This is how the climate agenda is linked to financial markets.
“DEBT SERFDOM”
“Stablecoins could be the way in which the US is further globalizing the dollar, spreading its adoption directly to the world’s general public in order to continue increasing its debt and encourage uptake and usage of the dollar”, says Mark Goodwin, Editor in Chief of Bitcoin Magazine, in this interview with Whitney Webb. He suggests that the politician’s outcry of de-dollarization and the weakening of the dollar are a distraction from perpetuating the dollar as the world’s reserve currency.
“While CBDCs are what people are becoming fearful and aware of, it may just be the red herring, and the real strategy of the US dollar’s survival is highly regulated stablecoins (such as Tether), which can easily be programmable, even more than CBDCs, as well as seized, regulated and controlled indirectly by governments. 100 billion dollars in treasuries were already purchased by Tether, its subsidiaries and owners. Tether is positioned alongside the top 20 nation states buying debt from the US, with around one tenth of China or Japan that have a trillion dollars debt to the US”.
Source: Technocracy Depends On The Digitalization Of Money