Link for video: https://www.bitchute.com/video/Ywsr0BJSIzCL/
Summary by JW Williams
John Titus, a patent attorney, electrical engineer and author, said that the Covid pandemic is really a financial event, and not a health crisis. He bases his statement on the timing of the BlackRock meeting with the Federal Reserve (Fed) and other central banks across the world in Jackson Hole, Wyoming on August 22, 2019, in which BlackRock advised the banks on a pre-planned response for the Next Economic Downturn. BlackRock’s presentation detailed how the Fed could increase wholesale public ‘reserve money’ and “go direct” to put the newly created money into the hands of the retail private ‘bank money’ circuit. In less than one month, the new banking crisis materialized in the repo market on September 19, 2019. The Fed followed BlackRock’s plan and increased public reserve money, which, in turn, increased private bank money. In March 2020, the Fed put BlackRock’s plan into overdrive, added $3 trillion, and doubled its balance sheet in the space of a few weeks, causing a mirror image of $3 trillion to be added into retail public bank money in a pre-planned response to a manufactured crisis.
Titus explained the Split Circuit Monetary System in every jurisdiction that consists of the creation of money via two circuits, the ‘private circuit’ where commercial banks create money out of thin air and loan it into existence to non-bank entities and people — and the borrowers pay the money back. The second way that money is created is through the ‘public circuit’ by the Federal Reserve that also creates money out of thin air and the money flows out to other central banks such as the bank of England, the Bank of Japan, the Bank of Australia, etc. The created money then flows to the US government, the US Treasury, and to commercial banks as users of the money. Titus showed a chart that indicated the the Federal Reserve’s newly-made reserve money also raised the amount of money in the private bank circuit.
Titus played a clip of Augustine Carstens, general manager of the Bank of International Settlements (BIS), in which he expressed his disdain for cash and then revealed plans for central bank digital currencies (CBDC) where they can monitor every dollar and will have the ability to decide if the purchase that an individual wants to make with their electronic money can go through or not.
Titus was very concerned about the loss of rule of law in America and that banks were not prosecuted in the ‘too big to fail’ scandal because it would endanger economic system. He said that the law is now used as a weapon to oppress people. He said that historically the only way to get it back is through revolution.
The second panelist was Richard Werner, a former university professor who created the concept of quantitative easing 1995, which amounts to money printing, and was abused by the central banks. The primary goal of his proposal was to expand bank credit creation for lending for new purchasing power. The bank credit creation can be used for consumption, to buy assets or productive business investment. He intended quantitative easing to be used for productive business investments, which he said leads to economic growth and no inflation. However, bankers used the money to buy assets, driving up the price of assets into bubbles that boom and then burst, resulting in inflation. During these downturns, structural changes in the system are implemented. Using the new money for consumption also leads to inflation. Werner proposes increasing decentralized local community banks to expand bank credit creation to help small business. He also recommended the cooperative movement, which decentralizes banks and places power with local people and values self-administration, self-responsibility and self-initiative, across all industries, not just banking.
Next, Catherine Austin Fitts, a financial expert who served as Assistant Secretary of Housing and Urban Development, described how elites have created ‘engineered inequality’. She explained that vaccine passports are really a digital ID card that can dovetail with the central bank digital currency (CBDC) system that will end of currencies on the retail level. She said that CBDC gives central bankers complete control over transactions, including what you are allowed to buy. Unfortunately, there is not enough public support for freedom because many people believe there really is a pandemic and health care crisis instead of a financial coup d’etat. Centralized control leads to slavery. She supports Richard Werner’s plan to increase small community banks. She recommended starting to turn things around by keeping cash in the system by using only cash on Fridays.
Dr. Mark Skidmore, Professor of Economics at Michigan State University, listed many points of Covid fraud including redefining ‘pandemic’ in order to implement lockdowns and more, inflating the Covid case number using flawed PCR tests, suppressing effective treatments, and listing people who died with Covid as dying from Covid. He said that the only thing that affected the number of Covid fatalities was whether HCQ was made available for treatment, and he estimated that fatalities would be 16% lower if HCQ was used. Nearly all of the social and economic negative impacts were associated with the lockdowns and restrictions, not the illness. His goal is to alert people to the scheme behind the ‘pandemic’ that appears to be a massive deception to achieve a tyrannical goal.
Pat Wood was the last speaker and he explained that in the 1930s, a group of scientists and engineers, mostly from Colombia University, thought capitalism was dead and it was up to them to create a new economic system called ‘technocracy’, which is the only replacement economic system the world has ever known. Built from scratch, it is a resource-based economic system, instead of supply-and-demand, that is very technical and is based on the use of energy instead of money. The name Technocracy has been replaced by Sustainable Development, and it is promoted by the United Nations. Technocracy was defined as the science of social engineering and aimed to control the production and distribution of goods to the entire population. In 2015, UN official Christiana Figueres said,”This is the first time in the history of mankind that we are setting ourselves the task of intentionally, within a defined period of time, to change the economic development model that has been reigning for at least 150 years, since the Industrial Revolution.” This quote shows that the UN targeted free market economics and capitalism for destruction.
The UN supports fintech, which is a basket of technologies including financial technology, blockchain, digital currency, data collection and more. Fintech is the financial system designed to support the new Great Reset and Sustainable Development /NeoTechnocracy. Wood quoted Rosa Koire who described Agenda 21 in this statement: “It is the inventory and control plan for all land, all water, all minerals all plants, all animals, all construction, all means of production, all food, all energy, all information and all human beings in the world.”
Wood emphasized the importance of free speech and said that it is up to us individually to speak out and restore belief systems in local communities.