Money Archives

February 7, 2023

US Dollar Set Up to Collapse as Saudi Arabia Considers Trading in Other Currencies

January 29, 2023 Bloomberg and Jimmy Dore 1

Saudi Arabia, the world’s largest oil exporter, has been pegged to the US dollar for decades. The kingdom is a pillar of the petrodollar system established in the 1970s that relies on pricing crude exports in the US currency, allowing the US dollar to be the world’s reserve currency.

FDIC Bankers Discuss ‘Bail-Ins’ To Deal With Impending Market Collapse

January 2, 2023 NewsWars 12

The FDIC insures $9 TRILLION of bank deposits with only $125 billion worth of assets. The FDIC cannot insure everybody in a crisis when many people want to withdraw their money all at once. A critic predicted that $5 trillion would be added to expand the balance sheet to bail out banks.

More Than 80 Cities, Counties Using Federal Pandemic Aid To Fund Guaranteed Income Pilot Programs

December 30, 2022 Epoch Times 1

Mayors for Guaranteed Income are encouraging local governments to seed pilot programs using a $350 billion fund that was intended for federal pandemic assistance from the $$1.9 trillion American Rescue Plan Act (ARPA) of 2021.

Senator Rand Paul’s ‘Festivus’ Report Documents Over $428 BILLION in Government Waste

December 28, 2022 Breitbart and Faran Balanced/ Youtube 2

Senator Sen. Paul said that in 2019 there were 15 European countries, out of 26, that had budget surpluses. This shows that it is possible to balance a budget.

The US Senate, Including 18 Republicans, Passes Massive $1.7 Trillion Omnibus Spending Bill

December 22, 2022 Summit News, NewsWars and Newsweek 1

The Senate passed the massive $1.7 trillion omnibus spending bill that will cause inflation to surge. The bill fails to protect the US border that is currently being overrun. The bill allots $575 million toward family planning, abortion and termination of American pregnancies. It will award $45 billion to Ukraine.

Rand Paul Slams “Emasculated Republicans” For Accepting Huge $1.7 Trillion Spending Bill

December 19, 2022 Fox News and NewsWars 2

Senator Rand Paul explained that they will pass an enormous 3000-page $1.7 trillion omnibus bill because they fear a government shut-down. Instead, they could utilize the PAGO resolution (pay as you go) that prevents new spending without offsetting it.

Nigeria Limits ATM Cash Withdrawals to $45 per Day to Push Digital Payments (CBDC)

December 11, 2022 Gateway Pundit 1

Nigeria restricted ATM cash withdrawals from $337 (150,000 naira) to $45 (20,000 naira) per day for individuals and businesses in order to encourage the use of Nigeria’s central bank digital currency (CBDC).

Vanguard Quits Carbon-Reduction Pact Amid Political Pressure

December 11, 2022 Barrons and ZeroHedge 4

Vanguard said it is leaving the Net Zero Asset Managers (NZAM) initiative, an international carbon-reduction pact that aims for net-zero carbon emissions by 2050. Vanguard withdrew from NZAM after a coalition of 13 state attorneys general filed a motion with the Federal Energy Regulatory Commission.

IRS Warns Of New $600 Reporting Threshold January 1st that Will Usher in CBDC

December 9, 2022 Neil McCoy-Ward and Fox News 4

Third-party payment processors like Venmo and PayPal must report business transactions to the IRS if they exceed $600 for the year. Critics warn that small businesses and low income and middle-class Americans are targeted. It is a “honey pot for audits.” It may also usher in CBDC.

How a Sovereign State Bank and Bullion Depository Can Push Back against CBDC

November 25, 2022 Catherine Austin Fitts and Tennessee State Senator Frank Niceley 3

Tennessee State Senator Frank Niceley supports a sovereign state bank, modeled on North Dakota, to help stabilize his state’s economy. A state depository for gold is also proposed. Utah, Nevada, Wyoming and New Hampshire are issuing “gold-backs” that actually contain gold.

The Implosion of FTX Is the Excuse to Usher in Central Bank Digital Currency as NY Fed and Banks Test CBDC

November 18, 2022 Tucker Carlson, Washington Examiner and the Blaze 5

Cryptocurrency is a huge problem for governments because it cannot be controlled. The FTX collapse is being used as the pretext to usher in government currency, known as central bank digital currency (CBDC), which has been planned all along.

FTX Crypto Exchange Company Goes Bust, Founder who Bankrolled Democrats Loses Billions

November 11, 2022 Wall Street Journal and Market insider 8

Sources reported that FTX founder Sam Bankman-Fried transferred $4 billion from his FTX crypto exchange to Alameda, his crypto trading firm, earlier in 2022 without telling anyone. Losses related to FTX spread beyond the firm itself and to stocks tied to cryptocurrencies.

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