This post looks at a topic which gets absolutely no discussion by the media or governments. They are completely focused on the Covid-19 Medical Emergency, as if this is our only problem. In fact they ignore a much bigger problem, theCovid-19 Legal Emergency. All the mandates they put in place are illegal. The Federal government is publicly advocating that the States deliberately order people to do things, or not do things, which are contrary to Federal law.
It doesn't matter whether you think these mandates are justified or not. They are illegal. When you enforce them, you are acting contrary to Australian law, just as much as if you did not pay your taxes or burnt down your neighbor's house. The same is true for the Police. The Police have no more legal right to enforce these mandates than you do.
The only way to understand this is to realize that the Federal and State governments are forced to make these demands in order to introduce the New World Order. These demands are very dangerous because all the plans of the NWO are also illegal.
We must expose how these mandates are completely changing our society. They remove all rights and freedoms essential to our personal lives and our ability to earn a living. When your government says "Don't talk to your neighbour" its time to talk to your neighbour!
Interview with life-long trade unionist John Wilson(1). In an earlier interview he was described as follows (2):
One of Australia's most experienced unionists has attacked Trade Unions across the country for their silence throughout the pandemic.
John Wilson served as President of Canberra Trades Hall and was also a Senior Industrial Officer for the Federated Clerks Union. In a passionate three-minute interview, Mr Wilson told Rebel News in Brisbane:
"They've said nothing, and they've done nothing. They're part of this sellout.
And there's going to be a reckoning. They will not survive this."
Mr Wilson finished with:
"Goodbye trade union movement in this country. And goodbye Labor Party. And good bloody riddance to the lot of them."
John O'Looney is owns Milton Keynes Family Funeral Services. He has worked for larger companies in providing funeral services for many years and now owns his own business. What he explains here could be see described as The History of the UK Covid-19 Pandemic in 36 minutes. However you will not find his account on the BBC or any other major "news" organization.
In a true pandemic, we would expect to find funeral directors working overtime to deal with the large number of deaths. He does describe some times when he was very busy, but the people who he buried or cremated did not die from Covid-19. His account is particularly important because he relies only on what he and other funeral directors have seen doing their job or heard from relatives of the people who died. Some of the topic he covers are:
Two periods of massive deaths: the first came after people were shifted to care homes and given overdoses of Midazolam: the second went on for 12 weeks after vaccine injections were started in January 2021.
Now there are increasing numbers of deaths from vaccine adverse effects in all ages: the four major causes of these deaths are heart attack, blood clots, stroke, multiple organ failure.
What is called a death from the Delta variant is actually due to vaccine adverse effects.
He predicts the deaths of vaccinated children will be blamed on a new variant.
He describes the construction of giant prisons in the UK (30,000); next to them we find crematoria & mortuaries. These are "Quarantine Centres" for the unvaccinated.
If you have any doubts about who the speaker is or wish to ask questions, Milton Keynes Family Funeral Services can be found here : https://www.mkffs.co.uk/ and John O'Looney's direct email is this: firstname.lastname@example.org
‘I write with regard to the matter of potential covid vaccine and my desire to be fully informed and appraised of ALL facts before going ahead.
I’d be most grateful if you could please provide the following information, in accordance with statutory legal requirements:
1. Can you please advise me of the approved legal status of any vaccine and if it is experimental?
2. Can you please provide details and assurances that the vaccine has been fully, independently and rigorously tested against control groups and the subsequent outcomes of those tests?
3. Can you please advise of the full list of contents of the vaccine I am to receive and if any are toxic to the body?
4. Can you please fully advise of all the adverse reactions associated with this vaccine since it’s introduction?
5. Can you please confirm that the vaccine you are advocating is NOT ‘experimental mRNA gene altering therapy’?
6. Can you please confirm that I will not be under any duress from yourselves as my employers, in compliance with the Nuremberg Code?
7. Can you please advise me of the likely risk of fatality, should I be unfortunate to contract Covid 19 and the likelihood of recovery?
Once I have received the above information in full and I am satisfied that there is NO threat to my health, I will be happy to accept your offer to receive the treatment, but with certain conditions - namely that:
Every Tuesday morning for many years I have gathered with friends at our favourite restaurant for brunch and conversation. This is Tuesday morning so I should have been anticipating this pleasant social outing. But yesterday the order came down from our Public Health Officer that all restaurants are required to demand proof of Covid-19 vaccination from every patron. I intend to keep my own council as to what medical interventions I shall permit, which is my right to do under the Nuremberg Code, and I intend not to disclose my medical information to anyone, which is my right under the laws of Canada. I called my best friend of many years, my usual ride to our restaurant, to ask what his plans would be since he has told me he is “vaccinated” and so are my other friends and he told me he intends to show his Vaccination Pass if asked. He offered to ride my to our restaurant and take the chance of being refused admittance. That sounded dismal to me. So I told him I would not come and, “So I guess I’ll see you when I see you.” I really don’t have much faith that I will ever see my friends again. I’m such a cynic, I thought, to think that.
This letter deals with a topic which gets absolutely no discussion by the media or governments. They are completely focused on the Covid-19 Medical Emergency, as if this is our only problem. In fact they ignore a much bigger problem, theCovid-19 Legal Emergency. All the mandates they put in place are illegal. The Federal government is publicly advocating that the States deliberately order people to do things, or not do things, which are contrary to Federal law. The only way to understand this is to realize that the Federal and State governments are forced to make these demands in order to introduce the New World Order. They are very dangerous because all the plans of the NWO are also illegal. The only purpose of the virus propaganda is to get people accustomed to the introduction of illegal and Draconian demands. The purpose of this letter is to draw this to peoples' attention in a polite and non-confrontational way. This is not an alternative to public protest. It is another way we can fight back against our puppet governments. This is a way to expose how they are completely changing our society by removing all rights and freedoms essential to our personal lives and even our ability to earn a living. When your government says "Don't talk to your neighbour" its time to talk to your neighbour!
Your city, state
I am a law abiding citizen of Australia. Like most people I respect our laws and expect others to do the same. However our State Government has created mandates which require shops, offices, and many locations to exclude people who don't wear masks or don't record their visit with the QR code system.
Shortly I will show how these mandates are illegal in Australia, but first I would like to explain why nobody should follow them or enforce them. Australia has a Constitution and a process by which laws can be created. These laws are like the air we breathe. We may not think about our supply of oxygen every minute, but we certainly notice when we are no longer able to breathe fresh air. Fresh air sustains all of us. The State and Federal laws of Australia are the same. They protect you and your business as well as the rest of us. It is illegal for someone to physically attack you, your staff or your customers. It is illegal for people to destroy property in your business or take items without paying for them. Laws provide the invisible structure of our society we rely on every day.
It doesn't matter whether you think these mandates are justified or not. They are illegal. When you enforce them, you are acting contrary to Australian law, just as much as if you did not pay your taxes or burnt down your neighbor's house. The same is true for the Police. The Police have no more legal right to enforce these mandates than you or your employees.
Making someone wear a mask in your business may seem trivial, but some of the other mandates involve more serious breaches of the law. The “No jab, no job.” policy is being applied across the country. Under Australian law, it is illegal to perform any medical procedure on a person who has not given informed consent. This is how all medical procedures have been carried out for decades in Australia, using a policy based on the Nuremberg Code of 1947. Thus “No jab, No job.” is clearly illegal coercion, forcing people to accept an injection without informed consent. There is of course a simple way to avoid illegal, forced vaccination. If governments, believing the vaccinations are safe and effective, allowed us to chose whether we need this protection, people who are concerned could protect themselves and those who believe they are not necessary would avoid them.
You may wish to seek legal advice on my claim that the mandates are illegal under Australian Federal law. Note that according to the Australian Constitution, if there is a conflict between State and Federal legislation, the State legislation is always seen as invalid and unenforceable. In any case, if you decide for your own reasons to still enforce these mandates in your business, this letter will serve as a warning. Ignoring our laws and Constitution is more dangerous than any medical emergency. You may think that a vaccine will protect your health, but what will protect you from the actions of Police and governments who have absolutely no regard for our laws or our Constitution?
It is possible under the Australian Biosecurity Act 2015 to require someone to wear a mask anywhere or in some specific locations. However there are several clearly defined legal conditions under which such a direction can be issued to anyone. It is most unlikely than any employee in your business can legally force a person to wear a mask under the Biosecurity Act. The same is true for Police. Here are some of the conditions needed to legally force a person to wear a mask:
60 Only the following people may impose a biosecurity control order on an person: (a) a chief human biosecurity officer; (b) a human biosecurity officer; (c) a biosecurity officer. (Notice these orders apply to individual people, not all people in any given location.)
63 An officer who imposes a human biosecurity control order on a person must give them a copy of the order and make sure the contents of the order are read out to them.
88 The Act states that an person may be required by a human biosecurity control order to wear specified equipment designed to prevent a disease from emerging, establishing itself or spreading.
The Australian Privacy Act 1988 has very clear directions about the use of QR codes to track our movements. Such a system is legal however it is illegal to force a person to use a QR code or to deny them entry or services without it. What follows is a summary of relevant parts of section 94H:
94H Requiring the use of COVIDSafe
(1) A person commits an offence if the person requires another person to:
(a) download COVIDSafe to a communication device; or
(b) have COVIDSafe in operation on a communication device; or
(c) consent to uploading COVID app data from a communication device to the National COVIDSafe Data Store.
(2) A person commits an offence if the person:
(c) refuses to allow another person to enter:
(i) premises that are otherwise accessible to the public; or
(ii) premises that the other person has a right to enter; or
Penalty: Imprisonment for 5 years or 300 penalty units, or both.
The legal position of vaccine passports is like that of QR codes. As such they are legal, however the Privacy Act states quite clearly in Division 2, Australian Privacy Principles, that there are only very limited conditions under which an organisation is permitted to collect, use or disclose your health information. What follows is a copy of part (1) of section 16B:
16B Permitted health situations in relation to the collection, use or disclosure of health information
(1) A permitted health situation exists in relation to the collection by an organisation of health information about a person if:
(a) the information is necessary to provide a health service to the person; and
(i) the collection is required or authorised by or under an Australian law (other than this Act); or
(ii) the information is collected in accordance with rules established by health or medical bodies.
ARE YOU CONFUSED? LET ME SUGGEST AN EXPLANATION
It is easy to understand the legal confusion created by mandates once you realize that Australia, like the UK, has a Common Law legal tradition. I am not a lawyer but I have see it explained as follows: In the Continental legal tradition found in France or Germany, an action is illegal unless it is allowed by law. In the Common Law tradition, and action is allowed unless it is forbidden. These mandates come from the Continental tradition, where law must define what is allowed. They cannot be laws in the Common Law tradition where laws define what you can't do. Everything required in the Covid Emergency is illegal according to the letter of the law and contrary to the spirit of Common Law rights and freedoms. They are completely alien to centuries of English-speaking legal tradition.
Informed consent to medical treatment: Australian Law Reform Commission (20.05.2014)
Dr. Reiner Fuellmich is a German American lawyer with experience going after large companies like Deutsche Bank. He is a member of the German Corona Investigative Committee. He discusses the current situation and his efforts to bring justice to the situation.
Please start passing this around to your contacts and get them to pass it on. There is a Silent Protest on Tuesday 31st August 2021. Tell your friends a proper protest must be done on a weekday and not on a weekend. Also this is a silent and strategic protest. There will be No screaming, No signs and No speeches. We ALL MUST stand together. Do not be scared of a fine because if we don’t stand up, what will come after will be much worse than a fine. We will lose everything. Our freedom will go.
A protest was done like this in 1932 and 1975 and we WON! And we CAN do it again and we WILL WIN AGAIN IN 2021! It starts at 9am sharp and by 12pm our request is for Parliament members to STEP DOWN! “This is to force a dissolution of parliament and call new elections”.
Also the other request we want is for them to hand over the documents unredacted that Senator Bill Heffernan spoke about in parliament. He has all the names and evidence of our politicians, judges and prime ministers that were guilty of paedophilia.
With one sentence, Kristalina Georgieva, Head of the International Monetary Fund, finally comes clean on why vaccination is so important, and who wants us vaccinated.
"This year, next year, vaccine policy is economic policy".
The banking cartel and hedge funds are only concerned with financial health, not the physical health of the human population. It may be useful to hear it from her yourself:
We could think the economy will be turned around by the massive expenditure on vaccines and associated medical equipment. So far we have only seen the World Health Organization, Bill Gates and Big Pharma publicly working with our governments to roll out a plan to vaccinate everybody, spending trillions on unnecessary "medication". However, now we see the financial elite are pushing vaccine policy. Bill Gates may be one of the richest people on the planet, however his influence cannot compare with the power of the banking cartel and hedge funds like BlackRock.
But how can vaccination “turn the fate of the world economy around”? To solve this puzzle we need to see how the different pieces we know about fit together. Still there is no point reading the works of Klaus Schwab. He only tells us what he hopes the future will look like. We are trying to understand how the banking cartel intends to arrive at this future.
WHAT PROBLEM DOES THE WORLD ECONOMY FACE AND WHAT IS THE SOLUTION?
When she talks about turning the economy around, Ms Georgieva does not just mean the vaccines will help the economy recover from the serious depression caused by the Covid-19 lockdown policies. The problem they want to solve is much bigger than that. We can see this from a document written by the hedge fund BlackRock entitled “Dealing with the next downturn: From unconventional monetary policy to unprecedented policy coordination”, which was presented to a meeting of central bankers in October, 2019.(1) In this document fund managers and central bankers insist the current financial system cannot survive the next big economic downturn using the current monetary and fiscal policies. They claim it can only be revived if the financial elite introduce a cashless economy in which central banks can control all financial transactions using the power given them by a central bank digital currency (CDBC). This is the “unconventional monetary policy” they want to introduce. Their perceived problem is that they cannot increase growth any more by using the two economic tools they have used for decades, monetary policy and fiscal policy. Monetary policies are policies on interest rates or money supply set by central banks. Fiscal policy consists of changing government revenue collection (tax increases or tax cuts) or changing expenditure (spending more or spending less).
The financial elite know the way they have run the world's economic system will no longer create the economic growth they need to generate the profits they want. This is what they want, in their own words:
"An unprecedented response is needed when monetary policy is exhausted and fiscal policy alone is not enough. That response will likely involve “going direct”: Going direct means the central bank finding ways to get central bank money directly in the hands of public and private sector spenders. Going direct, which can be organised in a variety of different ways, works by: 1) bypassing the interest rate channel when this traditional central bank toolkit is exhausted, and; 2) enforcing policy coordination so that the fiscal expansion does not lead to an offsetting increase in interest rates."(2)
This document shows central bankers do not trust political leaders to make the right decisions on what to spend money on and how much to spend. They know that to revive the economy money needs to be spent, but they want to insure that they will control where all that money goes. So they want to take the unprecedented step of putting central bank money into the real economy. The US Federal Reserve has never done this in all of its 99 year history. But they also want to “enforce policy coordination”. How could they do that? The brief comments from the Head of the Bank for International Settlements, Augustin Carstins, in the following video tells us how central banks can enforce economic policy coordination. As he is not a native speaker, his English is not easy to follow word for word. (This short clip in introduced by the financial analyst John Titus.)
Here is roughly what he says: “There is a huge difference between central bank digital currency (CBDC) and cash. With cash we – central bankers – don't know who spends a $100 note and what they buy with it. The essential difference with CBDC is the central bank will have absolute control on all transactions so we can control the use (of this money). And we will have the technology to enforce our rules on transactions.”
The central bankers want to spend central bank money in the economy and introduce CBDC to control all transactions. Needless to say, they will use this unprecedented power to increase their own profits. But where do vaccines fit into these plans for total control of the world economy?
VACCINES AND YOUR DIGITAL ID
The IMF and other financial heavyweights are pushing all governments to vaccinate everyone. But governments have also introduced the idea of a vaccine passport. These are quite different policies. A vaccination is supposed to protect you from a Covid-19 infection. If you really are protected, protecting your health does not require everyone else to be vaccinated.Still governments ignore this fact because vaccination is not about health. Vaccine policy is economic policy. That is why they trample on the decades old legal policy under which each individual must consent to any medical procedure. Instead they introduce a draconian, illogical and unnecessary policy that everyone must be vaccinated to protect everyone else.
The vaccine passport has nothing to do with people's physical health. This policy is clearly fits in perfectly with the idea of a universal ID system, which today will be a digital ID. The vaccine passport will rapidly turn into a digital ID which you must use to prove you have been vaccinated. It could also become your driver's license and your health care card. The idea of a digital ID has been quietly worked on for some time, and it will soon appear in the public domain, like vaccine passports. On 3 June, 2021, Finextra posted an article entitled “EU announces European Digital Identity and Wallet framework”.(3) It explains that the EU has proposed a framework for a European Digital Identity to be available to all EU citizens as early as September 2022. We also find the following statement:
“Importantly, the announcement of a digital identity and walletmay be linked to a potential decision on a digital euro. CBDC has been openly and frequently discussed by EU leaders over the past 12 months, with leaders often highlighting theneed for a digital identity in order for a digital euro to be successfully developed.”
As far as I know, there has been no official announcement that a vaccine passport will eventually be connected to a digital ID, but these pieces fit neatly together as we put our puzzle together. Vaccine passport becomes your digital ID, and your digital ID becomes the only way you can access your money in a cashless economy. This is where the control demanded by central bankers would be exercised on individuals and any business. Banks have blocked access to accounts already, but it can be done much more easily if you must access your money with a universal digital ID rather than your plastic card.
CENTRAL BANK DIGITAL CURRENCY IS NOT JUST A THREAT TO INDIVIDUALS
Most people who understand the power of the CDBC only see it in relation to themselves as individuals. However this is not the only reason the central bankers want such control. If they can block any transaction, they can put any business out of business. Small business owners have seen that policies like lockdowns and social distancing have almost no effect on big businesses, but they can easily drive a small business into bankruptcy. It is not just wild speculation that leads one to the conclusion that the financial elite and close friends like the other monopolies plan to improve their economic growth by wiping out all small business competitors.
This applies to small retailers as well as small firms that bake bread, make clothes, make furniture, offer coffee and light meals, and perhaps even tradies, who could be forced to become workers rather than independent contractors. Complete control of the world economy means the end of economic freedom and even competition. Monopolies do not compete with each other. Most large corporations are in part owned by hedge funds who coordinate their activities as a cartel. Banks, oil companies, agribusiness are all prominent examples. Governments are supposed to “regulate” these industries, but in fact they are under the control of whatever they are supposed to regulate, as we can see in the “regulation” of the pharmaceutical industry.
To improve their profits, which they describe as "economiuc growth", the banking cartel and hedge funds want to destroy many existing industries, both large and small, and replace them with others. You may have noticed that the Zero Carbon policies being considered by governments and supported by the financial elite involve the destruction of certain industries, like automobile production, coal fired power stations and ending a reliance on animal protein, etc. They want to invest in new projects to replace what we already have. The banks will make trillions by investing in these giant projects. The Green New Deal and the 4th Industrial Revolution are basically plans to completely transform how we live in ways that will give big investors many new projects to develop. All these changes must be made to improve the bottom line of banks and large corporations. They have no more concern for us than they do for cows as they are turned into steaks. If we don't stop them we will be their cattle, complete with chips and under total control.
WHAT IS THE CONCLUSION? WE MUST STOP VACCINE PASSPORTS!
It is clear the central banks and hedge fund have gained control over our politicians. Their plans are all about improving their own financial position. These plans have nothing but terrible consequences for us, starting with the deaths and injuries from the soon to be mandatory “ vaccines”. Many people have now realized the only way to stop these plans is to stop vaccine passports.
There is no need to argue over whether the vaccines are necessary or even harmful. The only real issue worth defending to your last breath is vaccine passports. These are dangerous both for the vaccinated and the unvaccinated. The future for both groups is the same, namely technocratic totalitarian control by the super-rich by means of their central banks. The super-rich investors who control the central banks and hedge funds are the people who send millions to their death in wars, and allow millions to die around the world from preventable illnesses and starvation. If we don't take control of our governments, human society and perhaps ever human beings themselves will be destroyed.
To understand the succession of policies which starts with vaccination and results in economic growth, we must realize this plan is really THE SOLUTION to THE PROBLEM. What is THE PROBLEM?
THE PROBLEM: Central bankers realize (privately) the current financial system cannot survive the next big economic downturn using the current monetary and fiscal policies. It will only survive if the financial elite introduce a cashless economy in which central banks can control all financial transactions using the power given them by a central bank digital currency. What is THE SOLUTION?
THE SOLUTION: Universal Vaccination, followed by Vaccine Passport, Digital ID, Cashless Economy (CBDC), Central Bank Control of Economy, Low Interest Rates & Low Inflation, Economic Growth.
FURTHER ECONOMIC GROWTH REQUIRES UNIVERSAL VACCINATION? To see how important it is for financial elite to vaccinate the world against Covid-19, listen carefully to the IMF Seminar described as a “Debate on the Global Economy”.(1) There is actually no debate, it is just a discussion of different topics related to the global economy. From the list of people taking part we see they are serious heavyweights on the world stage. There is a Managing Director of the IMF, Chair of the US Federal Reserve, the Director General of the WTO and President of the Eurogroup, an informal body made up of the finance ministers of the Eurozone. These people are more important than the elected politicians of most countries.
Speakers in the IMF Seminar: Debate on the Global Economy, April 2021
Kristalina Georgieva, Managing Director of the International Monetary Fund
Jerome H. Powell, Chair of the US Federal Reserve System
Paschal Donohoe, Minister for Finance for Ireland
Dr. Ngozi Okonjo-Iweala, Director General of the WTO
If you don't want to listen to the whole discussion, as I have, you can just look at their own summary presented here:
OVERVIEW: "The recovery from the COVID-19 crisis continues, albeit with uncertainty and varying prospects across countries. Rapid and global access to effective vaccines and therapies remains critical to fostering inclusive growth."
Notice this is not a discussion among members of the World Health Organisation. Health, understood as universal vaccination, is seen as fundamental to economic growth.
Universal vaccination is behind every action of all governments. However in the arcane and unreported discussions of the people in this IMF Seminar, for the financial elite there is an important connection between universal vaccination and economic growth. Before the Covid Emergency economic growth was a top priority as well. It is easy to see why talk of economic growth suddenly stopped after the Covid Emergency. The measures adopted by governments, not the virus itself, killed off much economic activity. Talk in the mass media about economic growth is clearly inconsistent with governments' determined efforts to damage much of the private sector of the economy. However they are still about economic growth – privately, among themselves. This shows the financial elite have never changed their desire for improving economic growth. What has occurred during the Covid Emergency was the emergence of a new policy. The world economy is being transformed to promote further economic growth.
HOW DOES RAPID AND GLOBAL ACCESS TO VACCINES FOSTER ECONOMIC GROWTH? The answer to this question can only be found by putting pieces together in the same way we would assemble the bits of a puzzle as they fall out of a box. We know what the final picture should look like: an economic system to promote world-wide economic growth. How do the people behind the Covid Emergency plan to create greater economic growth starting with Universal Vaccination?
UNIVERSAL VACCINATION: The treatment of viral infections in undertaken in March, 2020, was almost the opposite way to treat an infectious virus like Covid-19. Infected people should be isolated from others and treated for the infection. Instead all treatments have been made illegal. Furthermore governments no longer rely on the physical medical examination to determine a person's health. Instead they use a specially devised PCR test whose result cannot be challenged medically or legally. Instead of isolation and treatment, all governments and medical experts insist that the only way people can be protected from the “deadly” Covid-19 is for all of them to be vaccinated.
VACCINE PASSPORT: The authorities insist that this is another measure is needed to insure that we are all protected by vaccination. Everyone must be able to prove they are protected by vaccination so others around them will not become infected by close contact. Governments insist vaccination is voluntary, but also suggest that in future more and more activities and locations will require a vaccine passport. Followed to its logical conclusion, everyone can be made to get vaccinated regularly and carry the appropriate documentation in one form or another.
DIGITAL ID: The idea of a digital ID has been quietly worked on for some time, but it will soon appear in the public domain, like vaccine passports. On 3 June, 2021, Finextra posted an article entitled “EU announces European Digital Identity and Wallet framework”.(2) It explains that the EU has proposed a framework for a European Digital Identity to be available to all EU citizens as early as September 2022. We also find the following statement:
“Importantly, the announcement of a digital identity and wallet may be linked to a potential decision on a digital euro. CBDC has been openly and frequently discussed by EU leaders over the past 12 months, with leaders often highlighting the need for a digital identity in order for a digital euro to be successfully developed.”
As far as I know, there has been no official announcement that a vaccine passport will eventually be connected to a digital ID, but these two pieces fit neatly together as we put our puzzle together.
DIGITAL MONEY: We already have digital money. In fact most of our money already exists in digital form in bank accounts around the world. What we think of as our money in a bank account, accessible with a plastic card, is just a file on a bank's computer. Our money is represented as a number in that file. As we spend money, the number gets smaller, as we deposit income, the number gets larger. When the financial elite speak of a digital money they mean that there is no other kind of money in existence. Thus all money is digital money, so cash is no longer considered money. Digital money means a cashless economy. That is what the war on cash is all about.
While this will be made to appear as the next logical step in the “evolution” of money, digital money has two fundamental differences from cash: Access to “your” money is completely controlled by the bank, and the bank has a record of absolutely every financial transaction in the economy. Of course this is the end of financial privacy, but people don't realize that banks have no legal obligation to give you “your” money when you want it back. Australian Voice also has three articles on this subject which are listed at the end of this blog.(3)
If you have any doubts about this assessment of THE SOLUTION planned by the financial elite, listen to this one minute talk (above) by Agustin Carstens, introduced by John Titus.(4) Carstens is head of the Bank for International Settlements, the central bank for the central banks of all nations. This is roughly what he says: “There is a huge difference between central bank digital currency (CBDC) and cash. With cash we – central bankers – don't know who spends a $100 note and what they buy with it. The essential difference with CBDC is the central bank will have absolute control on all transactions so we can control the use (of this money). And we will have the technology to enforce our rules on transactions.”
BLACKROCK'S PLAN: GOING DIRECT: Now it is time to examine what the central bankers will do with the control they will have with CBDC. People who have discussed this topic in recent years have concentrated on how banks could use this unchallenged power to control us as individuals. This would certainly happen, however this is not their sole reason for this drastic level of control. Their need for complete control has only been revealed recently.
In October, 2019, the giant hedge fund, BlackRock submitted a document to a meeting for central bankers, finance ministers, academics, and financial market participants from around the world at Jackson Hole, Wyoming, Its title is Dealing with the next downturn: From unconventional monetary policy to unprecedented policy coordination.(5) The last downturn in 2007-8 was serious, and at the time it was said that the methods use to save the financial system would not work the next time around. BlackRock was clearly expecting another “downturn”, and in fact one occurred the next month. A very important article by the financial analyst John Titus shows that the policy BlackRock recommended in this document was implemented immediately after the meeting by the US Federal Reserve. It is a plan to create central bank money and get central bank money into private hands. Titus' basic assessment of the plan is this: “Central bank digital currency is where we are headed”.
WHAT'S IN DEALING WITH THE NEXT DOWNTURN? It is important to consider each of the first few sentences in BlackRock's summary to see why the central bankers and giant investor hedge funds are worried. Their conclusion is that it is not possible to recover from the next downturn using the methods that have been used for the last 50 years. They need a new way to run the world economy.
"Unprecedented policies will be needed to respond to the next economic downturn." 'Unprecedented' means doing things that have never been done before. John Titus points out that one of these “unprecedented” actions by the Fed was putting trillions of dollars of Federal Reserve money into the money that circulates through the US economy. The Fed has never used its reserves in this way before in its almost 100 year history.
"Monetary policy is almost exhausted as global interest rates plunge towards zero or below." Monetary policies are the policies on interest rates or money supply set by central banks. If interest rates are already at zero, then the policy of cutting interest rates is impossible.
"Fiscal policy on its own will struggle to provide major stimulus in a timely fashion given high debt levels and the typical lags with implementation." The other way to control the economy besides changing interest rates is called fiscal policy, which consists of changing government revenue collection (tax increases or tax cuts) or changing expenditure (spending more or spending less). I assume the problem of high debt levels means that increase spending to stimulate the economy will require more government borrowing, hence even higher levels of debt. They also say this method of dealing with the next downturn would be too slow to make a big difference.
"Without a clear framework in place, policymakers will inevitably find themselves blurring the boundaries between fiscal and monetary policies." What I think this means is that governments might try to spend their way out of trouble anyway, ignoring the wise advice of central bankers not to use spending as a method to fix a failing economy.
"This threatens the hard-won credibility of policy institutions and could open the door to uncontrolled fiscal spending." The hard-won credibility of policy institutions referred to here must be the credibility of central banks, the IMF, etc. (I will just ignore the questions of whether they have any credibility, or whether the credibility they do have is deserved.) Here we can see clearly that it is indeed uncontrolled government spending they are most worried about.
WHAT THIS REALLY MEANS: No central banker will ever admit this publicly, but what these five sentences add up to is this: the financial system which has been in operation for at least 100 years is a failure. According to its own economic principles, the economy can, or should, be controlled by two factors: interest rates and government taxes/expenditures. We have now gotten to the point where using either of these “levers” to control the economy will do nothing to foster economic growth. One might think that economically rational people could say: Isn't it time to try something different? John Titus puts it like this:
"Rather than scotching the fatally flawed debt-based system of pseudo-money in favor of actual money (with no debt attached), the powers that be are doubling down on the flaw because it affords them control."(6)
WHAT IS THE UNPRECEDENTED ALTERNATIVE, GOING DIRECT? Clearly the central goal of Going Direct is to keep the current financial system going by changing from cash and digital bank deposits to CBDC without any cash. If you recall what Agustin Carstens said in his little video clip, the change to the economy they propose will mean it is no longer a free market economy. All money, which will exist only in the form of CBDC, will be centrally controlled by the policies of central banks. Here it is in their own words:
"An unprecedented response is needed when monetary policy is exhausted and fiscal policy alone is not enough. That response will likely involve “going direct”: Going direct means the central bank finding ways to get central bank money directly in the hands of public and private sector spenders. Going direct, which can be organised in a variety of different ways, works by: 1) bypassing the interest rate channel when this traditional central bank toolkit is exhausted, and; 2) enforcing policy coordination so that the fiscal expansion does not lead to an offsetting increase in interest rates."
We have seen how “enforcing policy coordination” will be carried out. Undesirable transactions will simply be blocked. Later in the document they admit that giving central bank money to public and private institutions is in effect the use of fiscal measures to stimulate economic growth..
"Any additional measures to stimulate economic growth will have to go beyond the interest rate channel and “go direct” – when a central bank crediting private or public sector accounts directly with money. One way or another, this will mean subsidizing spending – and such a measure would be fiscal rather than monetary by design."
However, since this increase in expenditure will occur under the wise policy direction of central bankers, there will not be any harmful effects on the economy. This is why they cannot allow undisciplined and ignorant politician to decide where to spend money and how much should be spent to stimulate the economy
The passage below is the only oblique reference to CBDC I can find in the document. When looking at what they call Political Challenges, we find this sentence:
"Policy responses that put money more directly in the hands of citizens might be more attractive. The rise of central bank-issued electronic money (not cryptocurrencies) might achieve these objectives in ways that were not previously possible."
Central bank-issued electronic money is of course CBDC. One of the important features of THE SOLUTION is that while different parts are revealed separately. The financial elite always make sure that there is no obvious connection to other parts of THE SOLUTION. Those in the know who read this document understand what is being proposed – a cashless economy – but the connection between BlackRock's suggestions and CBDC is casually described as central bank-issued electronic money. (And why not cryptocurrencies? Because whatever their merits, they exist independently of the financial/banking system. In fact this is what makes them attractive as an alternative to the power of private banks.)
APPENDIX: WHAT IS THE DIFFERENCE BETWEEN CENTRAL BANK MONEY = RESERVES, AND THE MONEY EVERYONE USES FOR ALL KINDS OF FINANCIAL TRANSACTIONS?
To appreciate the significance of Going Direct - central banks putting central bank money directly into the hands of public and private sector spenders – we must understand the difference between these two kinds of money. As John Titus explains it, virtually all countries have two systems in which money circulates. He calls one the private circuit, where cash and digital bank money circulate in what we all know as the normal economy. The other he calls the public circuit, where a different kind of money, reserves, circulates between the central banks, private banks, other central banks, the government and the treasury. We never see this money because (at the moment) we have no access to it, and could not spend it if we did.
It seems its main purposes is to facilitate the transfer of private money between private banks or different countries as they settle their books with each other. In the last 100 years, it has almost been a sacred rule that there is no transfer from the public central bank reserve system and the private system where money moves between private banks, people, corporations, etc.(7)
4. Found at 5:30 on John Titus' interview in “Covid Emergency is Cover for BlackRock's Plan to Introduce Central Bank Digital Currency Everywhere” https://australianvoice.livejournal.com/56341.html. As he is not a native speaker his English is not always easy to follow word for word.