Digital Currency Coming Your Way

 

Yesterday this blog posted a meme showing why digital currencies are such a bad idea.  And Dr Joseph Mercola is not optimistic about stopping them:

STORY AT-A-GLANCE

• Three large banks failed in a single week in March 2023, and the ripple effect could easily take down the entire banking system. The cascading bank failures began March 8 with the shut down and liquidation of the crypto bank Silvergate Capital. It had invested deposits in Treasury bonds, which lost value as interest rates were hiked to stem inflation
• March 10, Silicon Valley Bank (SVB) failed. It too was invested in government bonds, which again became a problem when customers began making large fear-based withdrawals. This was the second largest bank failure in U.S. history, and the largest since the financial crisis in 2008
• Spooked by the failure of Silicon Valley Bank, Signature Bank customers withdrew more than $10 billion in the days that followed, resulting in the shutdown of Signature Bank on March 12
• Government regulators have promised to make customers of the two banks “whole” by insuring all funds, not just the first $250,000. Only select “too big to fail” banks will be eligible for this kind of special treatment. Small local banks will not be eligible
• The most likely outcome of this bailout system is a consolidation of banks until we’re left with just a small number of mega-banks. This consolidation, in turn, will facilitate the rollout of a central bank digital currency (CBDC), as the banking industry will be a tight-knit monopoly

The full story at Discern Report is here.

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The Progressive Left’s Playbook

 

Pat Cross cartoon

Wayne Allyn Root at Root For America thinks he’s figured out the grand plan:

By Arresting Trump, Democrats Want Either Civil War,
Martial Law, or Another January 6th

Democrats (i.e., radical communist traitors) in conspiracy with a corrupt, Soros-funded, communist DA, and weaponized government goons [includes the Capitol Police, DoJ, FBI, & then-Speaker Pelosi] intend to indict, arrest & perp walk President Trump this coming week. Why are they doing this? I know their playbook like the back of my hand.

1.    At the very least, they want a thousand new January 6 scenarios- so they can arrest and lock away thousands of conservative patriots for years- and brand conservatives patriots as terrorists.

2.    Their very best scenario is to incite civil war and rip this country apart. Then they can declare Martial Law, lock down the country, destroy all our jobs and businesses, and take away our freedom permanently.

3.    To slander, demonize and destroy Trump- and hopefully disqualify him as a presidential candidate. They’re THAT scared of Trump beating them in 2024.

4.    Most importantly, this is all a WMD- Weapon of Mass Distraction.

Look around. The country is collapsing. Trains derailing. The supply chain failing. Democrat-run inner cities in ruins. Our border is wide open - with millions of illegal aliens being waved in. Banks are failing. Inflation is raging. Crime is exploding. The national debt is out of control. Sudden deaths and heart attacks from Biden’s vaccine mandates are exploding all around us- it’s literally a vaccine holocaust. Your children are being brainwashed to change their gender. And the crimes, extortion and bribery of the Biden Crime Family are finally coming to light.

So, this is the perfect moment for Biden to unleash a “Weapon of Mass Distraction.” Indict, arrest and perp walk President Trump.

More of Mr. Root’s column is here.  And if President Trump IS arrested, here’s Mr. Root’s strategy:

. . .  All 80 million of us should go to Trump’s web site and contribute on the day he is arrested. We will make it the biggest fundraising day in the history of U.S. politics. That’s a powerful statement too. https://www.donaldjtrump.com

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Bank failures: where does the buck stop?

At his Substack, Don Surber has some answers:

The blame game over SVB’s [Silicon Valley Bank’s] collapse is a diversion. The media have rounded up the usual suspects: Trump, greed, bad law, blah, blah, blah. When Captain Renault did that in Casablanca, he knew who the real culprits were. The media is not that bright.

James Hickman is. He is the founder of Sovereign Research. He looked at the numbers and he found the culprit.

Biden. He made government bonds worth less which has banks dropping like cockroaches in a Raid commercial.

. . .

SVB lost money on government bonds by the billion and that brought the bank down.

. . .

Bailing out SVB is not the end, rather it is the beginning.

The New York Times had to admit, “Investors Fear Bank Contagion, Despite a Sweeping Rescue Plan. Shares in regional lenders were under pressure, even after regulators unveiled a vast backstop for U.S. banks after Silicon Valley Bank’s collapse.”

There goes NYT saying despite again when it means “because of.” The panic at the Fed to create a new program to bail out banks — er, make billionaire depositors whole — was all we needed to know that once again, Biden led us to another economic catastrophe.

The wrecking balls keep coming at us.  Read all about it at Mr Surber’s Substack blog here.

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