New Worldwide Financial System Goes Live in November 2022

[norman]

Explained w/ Kent Lewiss (1of2)

Part 1
Audio podcast:
Sarah Westall - One World Digital Currency & Servitude – The Plan Explained w/ Kent Lewiss (1of2) (https://podbay.fm/p/business-game-changers/e/1663645029)

or Rumble video:
https://rumble.com/v1kr8g5-world-report-one-world-digital-currency-and-servitude-the-plan-explained-w-.html


Read The PDF (https://sarahwestall.com/wp-content/uploads/2022/09/New-Worldwide-Blockchain-Financial-System-Goes-Live-in-November-2022.pdf)

SCRIBD Page
https://www.scribd.com/document/595684150/New-Worldwide-Blockchain-Financial-System-Goes-Live-in-November-2022


PART TWO ( at Post 26) (https://projectavalon.net/forum4/showthread.php?119566-New-Worldwide-Financial-System-Goes-Live-in-November-2022&p=1519527&viewfull=1#post1519527)


v1i52in/?pub=4

[edina]

Thanks Norm, this report is good comprehensive summary. It's especially clear on the point of the ISO20022. This seems to be the back door, background element that is pushing the agenda forward.


Contents
3. Introduction
4. New Worldwide Financial System Goes Live in November 2022
5. Timeline for Implementation
6. What Role does SWIFT Play?
7. ISO 20022 Standards Provide Tracking of All Transactions
8. Executive Order 14067 – Ensuring Responsible Development of Digital Assets
9. ISO 20022 and FedNow and the Hamilton Project
10. DTCC Building Industry First Prototype to Support Digital US Currency
11. Let’s Connect the Dots
12. What Does ISO 20022 and a Digital Currency or CBDC Mean to You?
13. Environmental and Social Credit Scores
14. ESG Ratings for Individuals
15. Mastercard and VISA are integrated with ISO 20022
16. Universal Basic Income Will be Linked to a Digital Currency or CBDC
17. BRICS CBDC World Reserve Currency and the End of the US Dollar as the World Reserve Currency
19. Is the Federal Reserve Data Accurate?
20. Central Bank Modern Economic Theory, QE into Infinity, Inflation by Design
21. Blackrock and Vanguard: The Central Banks Holding Companies
22. All Assets of the World are Being Bought Up as Part of UN Agenda 21 and the WEF Great Reset
Blockchain Companies Invested In
24. Ukraine Implements Total Surveillance Digital ID System
Government Services, Citizen Personal Info, and Banking and Passports Go Digital
25. Summary and Conclusion
26. New Worldwide Financial System and Transhuman Bluetooth Payments – Preview
27. SOLUTIONS

Related to this topic, is an integration that recently happened with Ethereum, covered in article posted at ZeroHedge:

Ethereum's 'Merge' Is Complete; Next Comes The 'Surge', 'Verge', 'Purge', & 'Splurge' (https://www.zerohedge.com/crypto/ethereums-merge-complete-next-comes-surge-verge-purge-splurge)


After years of anticipation, Ethereum's seismic shift from Proof-of-Work (PoW) to Proof-of-Stake (PoS) went off without a hitch.

The article raises the concern of regulatory pressure, and how shifting from PoW to PoS may help mitigate those concerns.

I think it also solves in the private domain issues that need to be addressed in the central bank arena.

[Mark]

Very interesting document. Thank you for sharing.

[edina]

And to continue to follow that trend of thought:

https://twitter.com/milesdeutscher/status/1572129885946286083
https://twitter.com/milesdeutscher/status/1572129885946286083

ETH Could Be In Trouble! SEC's Gary Gensler Labels Ethereum A "Security" (https://www.youtube.com/watch?v=eylvq07SITg)

http://www.youtube.com/watch?v=eylvq07SITg


0:00 - ETH A Security?
1:20 - ETH Falls Under US Jurisdiction
5:20 - Ethereum Centralisation
8:32 - ETH vs SOL Centralisation
9:50 - POW vs POS
12:00 - Multi Chain Future
14:10 - Outro

[East Sun]

What does it mean to me?

It means, DO NOT COMPLY!!!

[norman]

I've found the rumble video version of the interview

https://rumble.com/v1kr8g5-world-report-one-world-digital-currency-and-servitude-the-plan-explained-w-.html

( also added it to the opening post )
v1i52in/?pub=4

[edina]

What does it mean to me?

It means, DO NOT COMPLY!!!

This is a simple, and fully understandable response.
Yet, I often ask myself, is it effective?

And it may work, but only if it happens in a critical mass way.
Which is possible?

UBC is the bait, a full on collapse of systems is the environment in which the bait is presented.

How many people have the presence of mind to ignore the bait?

When I think about this, the concept of the "churn (https://www.youtube.com/watch?v=G-rM5VyxVHk)" from the Expanse novels and series comes to mind.

http://www.youtube.com/watch?v=G-rM5VyxVHk
At some point we'll be caught up in the churn, the system in oscillation reorganizing itself, the wave of movement on a mass scale ... I hope we aren't swept away in the process.

Preparation for the possibility may be helpful. The report pdf does share helpful links to address some of that.

However, preparation, no matter how thorough, is not a guarantee that it will work.
At the individual level, and at the mass level.

[mountain_jim]

I posted this earlier in other threads, might be relevant here also



Imagine these CBDC scenarios:

You spoke up against masking children at your child's school board meeting. Purchase denied.

You exceeded your vehicle’s weekly miles and surpassed your carbon limit. Purchase denied.

You posted private messages on Facebook questioning the integrity of the 2020 election. Purchase denied.

You did not take your latest Pfizer mRNA gene therapy shot. Purchase denied.

You defied your lockdown protocol and traveled outside of your quarantine zone. Purchase denied.

All of this would be possible because CBDCs are programmable.


https://media.gab.com/cdn-cgi/image/width=1050,quality=100,fit=scale-down/system/media_attachments/files/116/198/369/original/93e85a5cbb9bcc7c.png



https://kanekoa.substack.com/p/central-bank-digital-currencies-are

Central Bank Digital Currencies are the Bullet Train to Digital Concentration Camps

“If you can move every human into a digital concentration camp, empty their bank account any time you want, and tell them what they can and cannot spend money on, you've got complete control."

KanekoaTheGreat
Sep 19

https://substackcdn.com/image/fetch/w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2F749a2939-fb47-441b-ab44-b6ac8775f1c1_1366x768.png

The White House published a "comprehensive framework" on Friday attacking decentralized cryptocurrencies while promoting a U.S. government-controlled programmable Central Bank Digital Currency (CBDC), per an official press release.
(https://www.whitehouse.gov/briefing-room/statements-releases/2022/09/16/fact-sheet-white-house-releases-first-ever-comprehensive-framework-for-responsible-development-of-digital-assets/)
Agencies that were chosen to lead the ongoing working group for the research and possible development of a CBDC include the Federal Reserve, the National Economic Council, the National Security Council, the Office of Science and Technology Policy, and the Treasury Department.

CBDCs are digital currency issued directly from a nation-state’s central bank and serve as legal tender.

Critically, CBDCs are controlled by governments and therefore represent the polar opposite of the ideas — decentralization, open-source software, permissionless, peer-to-peer transactions — that made Bitcoin and other cryptocurrencies such a revolutionary technology.

As you can guess, CBDCs will be tied to user identities and Digital IDs, which will allow for total surveillance by the State and eliminate any chance of financial privacy.

According to the Atlantic Council’s Central Bank Digital Currency Tracker, (https://www.atlanticcouncil.org/cbdctracker/) 112 countries, representing over 95 percent of global GDP, are exploring a CBDC.

11 countries have already launched a digital currency including Nigeria and numerous Caribbean nations.

14 countries are testing pilot programs including South Korea, Thailand, Saudi Arabia, Sweden, and China which is set to expand its use of the Digital Yuan in 2023.

https://substackcdn.com/image/fetch/w_1456,c_limit,f_webp,q_auto:good,fl_progressive:steep/https%3A%2F%2Fbucketeer-e05bbc84-baa3-437e-9518-adb32be77984.s3.amazonaws.com%2Fpublic%2Fimages%2Fb7bdc814-0cf5-49cd-8b4c-00dc9c1fe110_1090x616.png

Anthony Pompliano, an American entrepreneur, investor, and Bitcoin evangelist wrote last March (https://pomp.substack.com/p/central-bank-digital-currencies-will#details) that “central bank digital currencies will be one of the greatest violations of human rights in history.”

“Central bank digital currencies remove the privacy and decentralized nature of physical cash,” Pompliano explained. “It creates an environment where central banks have complete control over every aspect of a citizen’s financial life.”

“These central bankers will be able to see what is in your bank account, who you transact with, what you purchase, and anything else they are curious about in your financial life,” he wrote.

“That full transparency with the state removes all elements of privacy, while also giving the institutions the ability to censor any and all transactions, regardless of whether they have a legitimate reason or not.”

Pompliano’s comments mirror those made by the president of the Federal Reserve Bank of Minneapolis Neel Kashkari who, speaking at a panel hosted at Columbia University, said that he had no idea what problem centralized digital currencies solved for American citizens.

“What is it that a CBDC can do that Venmo can’t do?” Kashkari asked. “Well, I can see why China would do it.”

“If they want to monitor every one of your transactions, impose negative interest rates or directly tax customer accounts,” he said. “You can do that with a Central Bank Digital Currency, you can’t do that with Venmo.”

Robert Kiyosaki, the author of the personal finance book, ‘Rich Dad, Poor Dad’ had scathing criticism for the idea of introducing CBDCs.

Kiyosaki referred to the Executive Order 14067 signed by the Biden White House in early March that established the government’s position on creating a CBDC as the “most treasonous act in U.S. history” in a tweet that he posted on July 17th.

In addition, Kiyosaki went as far as to declare the establishment of CBDCs to be “communism in its purest form.”

Imagine these scenarios:


You spoke up against masking children at your child's school board meeting. Purchase denied.

You exceeded your vehicle’s weekly miles and surpassed your carbon limit. Purchase denied.

You posted private messages on Facebook questioning the integrity of the last election. Purchase denied.

You did not take your latest Pfizer mRNA gene therapy shot. Purchase denied.

You defied your lockdown protocol and traveled outside of your quarantine zone. Purchase denied.

All of this would be possible because CBDCs are programmable.

For example, China’s Digital Yuan can be programmed to be activated on a certain date, programmed to expire on a certain date, programmed to be only valid for certain purchases, and ominously, programmed to be only available to citizens who meet certain pre-conditions.

Central banks can thus influence and control the behavior of the recipients of this centralized digital currency, as well as exclude those who they want to penalize from participating in the financial system.

These CBDCs would be linked to Digital IDs, which would be linked to vaccine passports, carbon footprints, and a social credit system similar to the one being implemented in China.

In fact, the entire coercion around implementing vaccine passports and Digital IDs looks to be a pre-planned stepping stone for the roll-out of central bank digital currencies and global social credit systems.

This top-down control dovetails with the green energy movement which is designed to produce energy scarcity within a digitally monitored smart grid connecting electricity, gas, and energy usage to citizens’ Digital IDs.

Catherine Austin Fitts, the former Assistant Secretary of the United States Department of Housing and Urban Development, said in a recent interview, “All of this clean energy is designed to produce an all electrical system which will allow them to build an all-digital transaction system that will give them digital control.”

“Energy will be top-down and then you’re going to place sensors and chips on everything that moves in America,” she explained.

“If you can move every human into a digital concentration camp, empty their bank account any time you want, and tell them what they can and cannot spend money on, you've got complete control."

If your government approves a CBDC, every doctor you visit, every meal you eat, every trip you take, every purchase you make, and every dollar you own will be tracked, in real-time, by your government, for the rest of your life.

Central bank digital currencies are the next frontier for the battle for freedom and this is a conversation that must start now because centrally controlled digital currencies are coming down the pipeline in a big way.

Without global awareness, central banks will weaponize money against humanity and pull off the greatest violation of human rights we have ever seen and citizens will cheer them on while they do it.

[norman]

hmmm

This might help, or not. ( It reminds me of a song lyric I remember from a distant past [ probably one of those Laurel Canyon creations ]), "If you love someone set them free". Or, in this context, if you love life, let it go.

The Ring Pass Knot
1Gt71bCA8_8

[edina]

Or, in this context, if you love life, let it go.

The Ring Pass Knot


I like how you presented David Icke's "Ring Pass Knot" norm.

Dealing with a situation as it is, letting go of how one thinks it ought to be, liberates a person from that sort of attachment.
It frees one up to become agile and fluid in their thinking in the moment of how life unfolds.
To become creative in shifting inner gears, moving from the survival system to a growth system, or creative, thriving system.

To me, this is the opportunity of the times, it just depends on how each of us navigate it, affecting us as individual consciousness and also mass consciousness.

Uncannily, the Expanse series in it's last season, addresses this tumultuous time of "churn" in their book/series universe in a way that is also helpful to consider.

The accumulation of everyday choices people made to try to be a better person, to help another person, to lift each other up, resulted in an overall result that shifted the dynamic from despair, to hope, to actualizing solutions they couldn't have seen otherwise.

[Michel Leclerc]

Thank you Edina, Norman, Mountain Jim..

Over here a micro-community is thinking and creating building blocks. One of the basic ideas agreed on is that the unit of counting value in the barter system is one hour of human life. All work becomes "helping out the neighbour", whatever this help is: there are no ”superior” trades. It is the logic of conversation between two friends: A tells B what is worrying A’s soul, B listens and gives A good advice. They trade 1 hour for 1 hour. Making the relationship triangular suffices for a workable system. In principle all possessions are then becoming “commons”. Seeds would be exchanged between communities, being commons by definition. Animals would be commons, and logically then, humans would themselves be commons. There is no way in which a State could “infiltrate” the system because every person would awaken every day with a capital of, say, 12 hours of life to spend to/with other humans. In a way, it is a “little” reset, without dystopia, because nobody could be deprived of their daily renewable capital.

(Inspiration is garnered from the principles on which the “communist” kibbutzim in Palestina/Israel used to function (there are not that many left in Israel now, I fear). All survival essentials and services were/are free – but... the kibbutz acquired “real” money (for buying cars, equipment) by interfacing with the “money” world exporting to it its surplus produce.)

[Forever]

Hi Edina,

Miles Deautscher (the producer of the content you linked here) is well known to b a “fudder” within the crypto community (FUD = fear uncertainty and doubt) and on numerous occasions the value and accuracy of his content has been questioned within the space. I would strongly advise that you do your own research and take anything Deutscher says with a large handful of salt.

[norman]

Hi Edina,

Miles Deautscher (the producer of the content you linked here) is well known to b a “fudder” within the crypto community (FUD = fear uncertainty and doubt) and on numerous occasions the value and accuracy of his content has been questioned within the space. I would strongly advise that you do your own research and take anything Deutscher says with a large handful of salt.

Does that make Catherine Austin Fitts a FUDDER too ?

She's been telling the world not to fall for the crypto bait for a decade.

[edina]

Hi Edina,

Miles Deautscher (the producer of the content you linked here) is well known to b a “fudder” within the crypto community (FUD = fear uncertainty and doubt) and on numerous occasions the value and accuracy of his content has been questioned within the space. I would strongly advise that you do your own research and take anything Deutscher says with a large handful of salt.

Hello Forever,
I pulled the first reference from Miles Deautscher from ZeroHedge. I don't follow Miles, I track trends and patterns and one of the ways I do so is via ZeroHedge.

The PoW/PoS process was what caught my eye?

What are your thoughts/feelings on the topic.

As I looked closer into the Twitter thread shared inside ZeroHedge article I noticed the headline about the SEC claims. It seemed relevant to this conversation, so I shared it here. This particular headline is making the rounds all through the crypto-news-cycle lately. I'm less concerned about Miles take and more concerned about the what the SEC is actually doing.

Are you saying that the SEC has not really made that claim?


(side note: Fudder is a cute mocking term, made me smile. :) )
I sometimes forget how intensely emotional people can get about cryptos, I had no desire to offend anyone.
Yet I still feel it's important to take a larger macro view of the economics and logistics of crypto in context to long-term patterns in the global arena.
To do otherwise would be naive on my part.

Note Added:
https://www.kitco.com/news/2022-09-16/SEC-Chair-Gensler-suggests-Ethereum-s-move-to-PoS-makes-it-a-security.html

https://www.forbes.com/sites/billybambrough/2022/09/17/the-sec-chair-issued-a-game-changing-ethereum-warning-sparking-a-major-price-crash/?sh=16b013832556

(I found Miles take on this topic balanced, and nuanced. Feel free to share your preferred crypto-commentators take on this issue.)

[edina]

Hi Edina,

Miles Deautscher (the producer of the content you linked here) is well known to b a “fudder” within the crypto community (FUD = fear uncertainty and doubt) and on numerous occasions the value and accuracy of his content has been questioned within the space. I would strongly advise that you do your own research and take anything Deutscher says with a large handful of salt.

Does that make Catherine Austin Fitts a FUDDER too ?

She's been telling the world not to fall for the crypto bait for a decade.

To be fair, she can come off as a bit of a FUDDER, at times, don't you think? :)

But that doesn't make her assessment of the situation any less accurate.

I came to similar conclusions as CAF. but from my own intuition, or inner wisdom, not from anything anyone told me.

That said, it's a sticky problem to solve. Humanity is probably going to have to make the leap to a new form of currency, somehow.
But how to do so without falling into an electronic cage?
It doesn't help if people are blind to the cage , so people like CAF do humanity a great service in my opinion.

How to make that currency leap, without falling into the gilded electronic cage?
That's were human ingenuity will just have to step up....

[ExomatrixTV]

Same date A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-) takes over without us realizing it? ....

[edina]

Same date A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-) takes over without us realizing it? ....


John, will you clarify your meaning here?

Are you saying that you think the AI takes over when the new financial system described in OP goes live, estimated to be this November 2022?

[ExomatrixTV]

Same date A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-) takes over without us realizing it? ....



John, will you clarify your meaning here?

Are you saying that you think the AI takes over when the new financial system described in OP goes live, estimated to be this November 2022?


I think eventually they will have to admit to the world that the new financial system relies heavily on A.I.'s (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-) "help" and "assistance" micromanaging more and more!

Just ask how Blackrock (https://en.wikipedia.org/wiki/BlackRock) really became one of the most powerful system in "finances" in the whole world! ... Most people do not even know that the Founder CEO of Blackrock (using A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-)) is part of WEF (https://projectavalon.net/forum4/showthread.php?118748-Top-10-Creepiest-Most-Dystopian-Things-Pushed-By-The-World-Economic-Forum) & Agenda2030 (https://projectavalon.net/forum4/showthread.php?111148-The-Great-Reset)

cheers,
John 🦜🦋🌳

[norman]

Same date A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-) takes over without us realizing it? ....



John, will you clarify your meaning here?

Are you saying that you think the AI takes over when the new financial system described in OP goes live, estimated to be this November 2022?


I think eventually they will have to admit to the world that the new financial system relies heavily on A.I.'s (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-) "help" and "assistance" micromanaging more and more!

Just ask how Blackrock (https://en.wikipedia.org/wiki/BlackRock) really became one of the most powerful system in "finances" in the whole world! ... Most people do not even know that the Founder CEO of Blackrock (using A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-)) is part of WEF (https://projectavalon.net/forum4/showthread.php?118748-Top-10-Creepiest-Most-Dystopian-Things-Pushed-By-The-World-Economic-Forum) & Agenda2030 (https://projectavalon.net/forum4/showthread.php?111148-The-Great-Reset)

cheers,
John 🦜🦋🌳

Larry Fink ( Blackrock ) is managing most of the world's toy monopoly money by now but there is no real connection between that huge pile of virtual poker chips and the structure of the economy we see at our end. They are assuming they can run their software version of our real human lives and we'll just morph into it. If we remain unconscious and passive, we will, but there is no real direct relationship between the two.

At some point, very soon I hope, someone, or if no one, WE, have to call out the naked emperor.

At the same point in the system that they are hooking their ISO 20022 virtual "life the universe and everything" to our real lives, is the place for us to say not no but hell no, fk off.

How so?

It's simple in theory. We hook up our own high finance management system at the exact same node they intend to use to hook up theirs. They've even created it for us, or at least tweaked and screwed with the system enough to make a hook up possible at all.

In a Hollywood movie scene it might look like one of those ambush scenarios where one group gather to do a final activation of their great idea and another group show up and snatch the situation away from them and the whole movie plot does a 180.

[ExomatrixTV]

Artificial Intelligence, Machine Learning and Big Data in Finance

(Mass Exploitation) Opportunities, Challenges and Implications for Policy Makers

Foreword 3
Acknowledgements 4
Executive Summary 7
1 Artificial Intelligence, Machine Learning and Big data in Financial Services 15
1.1. Introduction 15
1.2. AI systems, ML and the use of big data 16
2 AI/ML, big data in finance: benefits and impact on business models/activity of
financial sector participants 21
2.1. Portfolio allocation in asset management and the broader investment community (buy-side) 22
2.2. Algorithmic Trading 24
2.3. Credit intermediation and assessment of creditworthiness 29
2.4. Integration of AI in Blockchain-based financial products 32
3 Emerging risks from the use of AI/ML/Big data and possible risk mitigation tools 37
3.1. Data management 37
3.2. Data concentration and competition in AI-enabled financial services/products 39
3.3. Risk of bias and discrimination 40
3.4. Explainability 42
3.5. Robustness and resilience of AI models: training and testing performance 45
3.6. Governance of AI systems and accountability 49
3.7. Regulatory considerations, fragmentation and potential incompatibility with existing
regulatory requirements 51
3.8. Employment risks and the question of skills 52
4 Policy responses and implications 53
4.1. Recent policy activity around AI and finance 53
4.2. Policy considerations 56
References 59
Notes 68


PDF (https://www.oecd.org/finance/financial-markets/Artificial-intelligence-machine-learning-big-data-in-finance.pdf)

[Gwin Ru]

[...]

At some point, very soon I hope, someone, or if no one, WE, have to call out the naked emperor.

At the same point in the system that they are hooking their ISO 20022 virtual "life the universe and everything" to our real lives, is the place for us to say not no but hell no, fk off.

How so?

It's simple in theory. We hook up our own high finance management system at the exact same node they intend to use to hook up theirs. They've even created it for us, or at least tweaked and screwed with the system enough to make a hook up possible at all.

In a Hollywood movie scene it might look like one of those ambush scenarios where one group gather to do a final activation of their great idea and another group show up and snatch the situation away from them and the whole movie plot does a 180.Norman... someone is doing it (https://projectavalon.net/forum4/showthread.php?112361-The-Global-Financial-System-Explained-Kim-Goguen-LifeForce-the-Assemblies&p=1519080&viewfull=1#post1519080)... too bad you are done with her :)

[norman]

[...]

At some point, very soon I hope, someone, or if no one, WE, have to call out the naked emperor.

At the same point in the system that they are hooking their ISO 20022 virtual "life the universe and everything" to our real lives, is the place for us to say not no but hell no, fk off.

How so?

It's simple in theory. We hook up our own high finance management system at the exact same node they intend to use to hook up theirs. They've even created it for us, or at least tweaked and screwed with the system enough to make a hook up possible at all.

In a Hollywood movie scene it might look like one of those ambush scenarios where one group gather to do a final activation of their great idea and another group show up and snatch the situation away from them and the whole movie plot does a 180.Norman... someone is doing it (https://projectavalon.net/forum4/showthread.php?112361-The-Global-Financial-System-Explained-Kim-Goguen-LifeForce-the-Assemblies&p=1519080&viewfull=1#post1519080)... too bad you are done with her :)

1 ) Why does she sprinkle so much crap into her narrative ? ( e.g. Trump is a clone or sub )

2 ( Why does she get energetically flustered when the bad guys are taking a hit, . . . equally, gets chilled n cocky when the good guys are ?

[Anu Raman]

I played the cryptocurrency scheme for abit, it was fun.. made tons of creds off of it.. paid my bills.. then I quit.. because I knew it would be on it's way to doom and gloom. Haha.

[ExomatrixTV]

quote:

"Policy makers could consider disclosure requirements around the use of A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-) techniques in the provision of financial services and that may impact the customer outcome.

Financial consumers need to be informed about the use of A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-) techniques in the delivery of a product, as well as potential interaction with an A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-) system instead of a human being, in order to be able to make conscious choices among competing products. Clear information around the A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-) system’s capabilities and limitations should be included in such disclosure.

The introduction of suitability requirements for A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-)-driven financial services, similar to the ones applicable to the sale of investment products, could be considered by authorities. Such requirements would help financial service providers better assess whether prospective clients have a solid understanding of how the use of A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-) affects the delivery of the product.


The limited transparency and explainability of many advanced A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-)-based ML models is a key policy question that remains to be resolved.


Lack of explainability is incompatible with existing laws and regulations, but also with internal governance, risk management and control frameworks of financial service providers.It limits the ability of users to understand how their models affect markets or contributes to market shocks. It can amplify systemic risks related to pro-cyclicality, convergence, and increased market volatility through simultaneous purchases and sales of large quantities, particularly when third party standardized models are used. Importantly, the inability of users to adjust their strategies in times of stress may lead to exacerbated market volatility and bouts of illiquidity during periods of acute stress, aggravating flash crash type of events.

Regulators should consider how to overcome the perceived incompatibility of the lack of explainability in A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-) with existing laws and regulations. There may be a need to update and/or adjust the currently applicable frameworks for "model governance and risk management" by financial services firms in order to address such challenges arising by the use of A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-)-based models. The supervisory focus may need to be shifted from documentation of the development process and the process by which the model arrives to its prediction to model behaviour and outcomes, and supervisors may wish to look into more technical ways of managing risk, such as adversarial model stress testing or outcome-based metrics (Gensler and Bailey, 2020 [2]).

Despite recent progress to improve the explainability of A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-) from low levels, explainability remains at the core of the perceived lack of trust of users and supervisors around A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-) applications. While current discussions tend to focus on improving explainability as the sole mechanism to promote trust, other checks and balances may need to be introduced to ensure that ML model-based decisioning is operating as intended.

Policy makers could consider requiring clear model governance frameworks and attribution of accountability to the human in order to help build trust in A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-)-driven systems. Explicit governance frameworks that designate clear lines of responsibility for the development and overseeing of A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-)-based systems throughout their lifecycle, from development to deployment, may need to be put in place by financial services providers so as to strengthen existing arrangements for operations related to A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-).

Internal model governance frameworks may need to be adjusted to better capture risks emerging from the use of A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-), as well as to incorporate intended outcomes for consumers together with an assessment of whether and how such outcomes are reached using A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-) technologies. >>> Adequate documentation and audit trails of the above processes can assist the oversight of such activity by supervisors.

The provision of increased assurance by financial firms around the robustness and resilience of A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-) models is fundamental as policy makers seek to guard against build-up of systemic risks, and will help A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-) applications in finance gain trust. The performance of models may need to be tested in extreme market conditions, to prevent systemic risks and vulnerabilities that may arise in times of stress.

The introduction of automatic control mechanisms (such as kill switches) that trigger alerts or switch off models in times of stress could assist in mitigating risks, although they expose the firm to new operational risks. Back-up plans, models and processes should be in place to ensure business continuity in case the models fails or acts in unexpected ways. Further, regulators could consider add-on or minimum buffers if banks were to determine risk weights or capital based on A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-) algorithms (Gensler and Bailey, 2020 [2]).

Frameworks for appropriate training, retraining and rigorous testing of A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-) models may need to be introduced and/or reinforced to ensure that ML model-based decisioning is operating as intended and in compliance with applicable rules and regulations. Datasets used for training must be large enough to capture non-linear relationships and tail events in the data, even if synthetic, to improve the reliability of such models in times of unpredicted (or manufactured?) crisis. Continuous testing of ML models is indispensable in order to identify and correct for model drifts.

The ongoing monitoring and validation of A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-) models, which are fundamental for their risk, should be further promoted by regulators, as the most effective way to improve model resilience and prevent and address model drifts. Best practices around standardized procedures for such monitoring and validation could assist in improving model resilience, and identify whether the model necessitates adjustment, redevelopment, or replacement. Model validation, and the necessary approvals and sign-offs would need to be separated from the development of the model and documented as best possible for supervisory purposes. The frequency of testing and validation may need to be defined depending on the complexity of the model and the materiality of the decisions made by such model.

Appropriate emphasis could be placed on human primacy in decision making when it comes to higher- value use-cases (e.g. lending decisions) which significantly affect consumers.

Authorities could consider the introduction of processes that can allow customers to challenge the outcome of A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-) models and seek redress could also help build trust over such systems. The GDPR is an example of such policies, as it provides the associated right of individuals ‘to obtain human intervention’ and to express their points of view if they wish to contest the decision made by an algorithm (EU, 2016 [3]). Public communication by the official sector that clearly sets expectations can further build confidence in A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-) applications in finance.

Policy makers should consider the increased technical complexity of A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-), and whether resources will need to be deployed to keep pace with advances in technology. Investment in research can allow some of the issues around explainability and unintended (or ill intended?) consequences of A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-) techniques to be resolved.

Investment in skills for both finance sector participants and policy makers will allow them to follow advancements in technology and maintain a multidisciplinary dialogue at operational, regulatory and supervisory level. Closer cooperation of IT staff with more traditional finance experts could be one way to adjust the trade- off between predictability of the model and explainability and respond to the legal and regulatory requirements for auditability and transparency. There may be a need to build bridges between disciplines that currently work in silos, such as deep learning and symbolic approaches (with the latter involving rules created through human intervention), to help improve explainability in A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-)-based approaches (EuropeanCommission, 2020 [84]). Enforcement authorities in particular may need to be technically capable of inspecting A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-)-based systems and empowered to intervene when required.

The role of policy makers is important in supporting innovation in the sector while ensuring that financial consumers and investors are duly protected and the markets around such products and services remain fair, orderly and >> transparent! <<.


Policy makers need to sharpen their existing arsenal of defenses against risks emerging from, or exacerbated by, the use of A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-)

Clear communication around the adoption of A.I. (https://projectavalon.net/forum4/showthread.php?102409-A.I.-is-Progressing-Faster-Than-You-Think-) and the safeguards in place to protect the system and its users can help instill trust and confidence and promote the adoption of such innovative techniques. Given the ease of cross-border provision of financial services, a multidisciplinary dialogue between policy makers and the industry should be fostered and maintained both at national and international levels". unquote


source (https://www.oecd.org/finance/financial-markets/Artificial-intelligence-machine-learning-big-data-in-finance.pdf)

100% related issue:


Europa: The Last Battle Heavily Censored 12 Hr Documentary (https://projectavalon.net/forum4/showthread.php?119555-Europa-The-Last-Battle-Heavily-Censored-12-Hr-Documentary) :coffee:

cheers,
John 🦜🦋🌳

[TrumanCash]

What does it mean to me?

It means, DO NOT COMPLY!!!

Yup! Total agreement with you on this. The question is: "What is the solution to this dilemma we are facing?"

HOW TO RESTORE THE UNITED STATES’ CONSTITUTION

I don't know about other countries on this issue but the united States' Constitution states in no uncertain terms: "No State shall make any Thing but gold and silver Coin a Tender in Payment of Debts." [Article One, Section 10, united States’ Constitution]

This is the Achilles Heel of the New World Order (not-so-great-reset) plans for world wide slavery and death of most of Earth's inhabitants. So I don't need to emphasize how important this is.
I have taken this issue into court on two occasions and discovered how corrupt the American Bar Association and each State Bar Association are. I agree with Catherine Austin Fitts that this is due to Freemasonry infiltrating every level of government even down to your local governments.

They went after me with a vengeance that I had never seen before which even included vilification in the local county newspaper. The county lawyers were creating public fear and wrongfully accusing me of being a dangerous militia member, which was and still is, totally false. This was about twenty years ago and I concluded that the Constitution was dead for all intents and purposes.

So here is an example of what I did than anyone can do: Instead of obediently paying the taxes on my land I sent certified letters (with return receipt) to the county treasurer wherein I reminded the treasurer of the what the Supreme Law of the Land required of State governments using the quote above. I then asked if he was requiring silver or gold or a combination thereof as payment of this alleged debt.

Bear in mind that the tax bill only gave a number on the alleged tax bill--3.64. (I'll bet every land owner reading this post will wonder why the number is so low, but it was the principle involved and not how much it was.) So they do not even put a dollar sign $ in front of 3.64. So it was a legitimate question since they did not say what this number represents.

After three years they still would not answer the question. I filed affidavits with County Auditor to document and one of the prosecutors actually shredded my affidavits which was a Class B Felony. I pressed criminal charges against him, sued him in court, and even officially called for a grand jury investigation, but to no avail.

This was just a low population county of mostly farmers and ranchers so I was surprised as to how corrupt and anti-Constitution it was. I lost on every front. I ended up sending the 3.64 in FRAUDs (Federal Reserve Auditing Unit Denominations) after three years to stop them from taking my land.

So here is the solution: Imagine if many people did the same thing as I did whenever they get any kind of tax bill from their State, County or City government. Imagine if it became a movement! I truly believe this is one of the best ways to restore the original united States' Constitution. Please note that although I stopped paying taxes, I never said I wasn't going to pay the tax bill; I just needed to know what was being required "IN PAYMENT" under constitutional law and assured them that I had the coins and would gladly pay it after they answered the question. They, of course, never answered the question.

So if a whole lotta people did this the city, county and/or state governments would not receive any payment for a long time while people challenge the government corruption. In the Police State of Washington it would take at least three years before they would actually take your land and home (that you think you "own"). So during that time the so-called government is not getting any "money" from you.

People can also put the squeeze on even more by filing affidavits, taking it into court, pressing criminal charges, etc. If enough people did this, imagine what the effect would be. People will not lose their land if they send the currency before they take it. But the longer you can stretch this out, the better.

For the people who have been wondering--"What can I do to stop the not so Great Reset?"--well, here it is and it is about restoring the original Constitution. It will only cost people a few dollars in postage initially. Filing affidavits and court fees usually costs more. There might also be some "late payment" fees, too. You can learn how to prepare court filings yourself so you don’t need money for lawyer unless you gotta lotta money to spend.
But how does that small investment of time and “money” compare with most of humanity being murdered and the remainder placed into digital slavery in perpetuity?

Please don’t wait. We need to make this go viral NOW!

[END NOTE: The sociopathic Chief Deputy Prosecutor who committed a Class B Felony for shredding my affidavits eventually received his just deserts. I exposed the documented truth about what he had done one week before his presumed election to the position of County Prosecutor. I wrote a newsletter in the third person under my pen name (i.e., “freedom of the press”) and a friend paid for the bulk mailing of my newsletter. It was supposed to have been a close race, but he lost by a landslide!

There’s more than one way to skin a corrupt government lawyer. And the newspaper admitted that they could not find anyone in the county named “Truman Cash”--the first time I ever used that pen name, LOL!]

https://s1.qwant.com/thumbr/474x631/0/2/2f95578d9f9eecaf8d6b0cb69112f58b698b401aabfa0750a41bcaebcd5b8f/th.jpg?u=https%3A%2F%2Ftse2.mm.bing.net%2Fth%3Fid%3DOIP.H7yLDTtyhRdTNS9QYQ9WhwHaJ3%26pid%3DApi&q=0&b=1&p=0&a=0

[norman]

Part Two . . . .

Sarah Westall - One World Digital Currency & Servitude – The Plan Explained w/ Kent Lewiss (2of2) (https://podbay.fm/p/business-game-changers/e/1663899417)


SHOW NOTES
Kent Lewiss rejoins the show to discuss his latest report explaining the plan behind the one world digital currency. Lewiss brings solid research and thought into the central bankers plan to reset the new world order into a global bankers dictatorship. He explains what their plan is and what it means to you. It's a report like no other that everyone needs to know so we can create a better plan that actually meets the needs of humanity without destroying what makes us human. You can see more of Kent Lewiss on his social platform: https://Freedom.Social


Rumble video version:
https://rumble.com/v1l5y0t-world-report-one-world-digital-currency-and-servitude-the-plan-explained-w-.html


Read The PDF
https://sarahwestall.com/wp-content/uploads/2022/09/New-Worldwide-Blockchain-Financial-System-Goes-Live-in-November-2022.pdf

[norman]

Are they going to switch over quietly or preempt it with a shock tactic ?

Ben Fulford seems to think they will do a shock stunt ahead of it, bank closure/bail in.

That and much more, in this Mel K interview.

MEL K & ACCLAIMED JOURNALIST BENJAMIN FULFORD INSIGHTS ON GEOPOLITICAL NEWS 9-25-22
crg8jDoWJoiB/

[norman]

Banking Crisis will Start in Europe – Martin Armstrong

Greg Hunter's USAWatchdog Published September 24, 2022

https://rumble.com/v1lf2c5-banking-crisis-will-start-in-europe-martin-armstrong.html


Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Martin Armstrong, cycle expert and author of the upcoming new book “The Plot to Seize Russia, Manufacturing World War III”


v1iswex/?pub=4

[gnostic9]

This is why we must refuse the switch to CBDC.



https://www.bitchute.com/video/F8LmmDbGyOdm/
The mock bbc was produced by Richard Hall, of Rich Planet.

Love peace and joy to all!

[gnostic9]

Neil Oliver's view on CBDC and more.



http://www.youtube.com/watch?v=Hh2rOYxOkIE


Love peace and joy to all!

[norman]

Israel, Norway and Sweden to test central bank digital currencies for cross-border transactions
Tuesday, October 11, 2022 by: Arsenio Toledo

https://www.naturalnews.com/2022-10-11-israel-norway-sweden-test-cbdc-cross-border-transactions.html


https://www.naturalnews.com/wp-content/uploads/sites/91/2022/10/Money-Gold-Coins.jpg


The central banks of Israel, Norway and Sweden have signed up to a Bank of International Settlements-led (BIS) project that will test the feasibility of using central bank digital currencies (https://www.brighteon.com/653cb41f-b33b-4ce3-a759-31e1ed71c57b) (CBDCs) for cross-border payments.

Known as Project Icebreaker, it will enable fast international transactions using CBDCs (https://reclaimthenet.org/norway-sweden-and-israel-partner-to-test-cbdcs/) at a significantly lower cost compared to existing systems for cross-border use of CBDCs.

The project will be led by the Innovation Hub Nordic Center of the BIS. The Innovation Hub will spearhead the development of a new hub (https://cointelegraph.com/news/israel-norway-and-sweden-central-banks-partner-with-bis-to-explore-cbdc) that will connect the proof-of-concept CBDC systems of Bank of Israel, the Norges Bank of Norway and the Sveriges Riksbank of Sweden.

Along with the Innovation Hub and the three participating central banks, the project will also involve participating local digital currency wallet providers (https://www.bis.org/about/bisih/topics/cbdc/icebreaker.htm), money changers, retailers and consumers.

Beju Shah, head of the Innovation Hub, said the project will explore CBDC designs and architecture and concerns relating to financial policy. The goal is to reduce the operating expenses that come with using CBDCs and to increase the speed and transparency of transactions. The BIS hopes to have a final report on the outcomes of the experiment by the first quarter of 2023. (Related: Experts warn: Centralized digital currencies could be used to control how people behave (https://naturalnews.com/2022-08-17-centralized-digital-currency-control-people-behavior.html).)

“These learnings will be invaluable for central banks thinking about implementing CBDCs for cross-border payments (http://currencyreset.news/),” said Shah.

Central bank officials from Israel, Norway and Sweden have noted that this project will help them further develop their own CBDCs – the digital shekel, the digital krone and the e-krona, respectively.

Norges Bank Executive Director for Financial Stability Torbjorn Haegeland said the project will help the bank improve its current tests involving the use of CBDC for retail payments.

Deputy Governor of the Bank of Israel Andrew Abir noted that digital currencies will help small countries with an open economy like Israel facilitate “efficient and accessible cross-border payments.”

Mithra Sundberg, head of Sveriges Riksbank’s e-krona development division, said Project Icebreaker will help the bank “gain valuable lessons regarding cross-border payments using a CBDC.”

Project Icebreaker could usher in one-world currency

Similar international initiatives to test the use of CBDCs have been implemented in China, Malaysia, South Africa and the United Arab Emirates.

On the Oct. 6 episode of “The JD Rucker Show,” host JD Rucker noted that this is one of the first projects testing out CBDCs on a large scale with this many Western nations. Rucker pointed out that CBDCs are commonly tested outside of the Western world, and the success of this project could usher in one-world currency.

Rucker also noted in an article how businesses, financial institutions and regular consumers do not benefit from the creation of CBDCs (https://americafirstreport.com/it-begins-project-icebreaker-is-the-one-world-currency-test-run-of-cbdcs-in-three-western-nations/). All of the supposed benefits coming from CBDCs are already present in cryptocurrencies and in digital payments. Banks and other financial institutions are also already able to conduct financial transactions in a quick and secure fashion. The only people in society that will benefit from CBDCs, Rucker said, are government officials and their partners in the finance sector.

“Governments and their world banking partners will benefit from CBDCs in the form of absolute control over the people,” he wrote, warning how the “freedom-killing component” of CBDCs will rob people of financial freedoms “for the sake of whatever cause the Cabal wants us to impose.”

Rucker added that once most of the world has replaced their currencies with CBDCs, the globalist financial system will then transition to a “one-world central bank digital currency.”

“They know what this means,” said Rucker about the government officials pushing for CBDCs. “They know it means losing privacy, being under surveillance. They know that it means people will lose their freedoms and they know that their nation will lose its economic sovereignty in the long run.”

“They know this, yet they’re pushing forward because it’s what they want,” he added. “They want control … they want globalist ideas. They want the Great Reset (https://greatreset.news/) to happen.”

Watch this episode of “The JD Rucker Show” as JD Rucker talks about how the CBDC project of Israel, Norway and Sweden is a test-run for the one-world currency.
https://www.brighteon.com/653cb41f-b33b-4ce3-a759-31e1ed71c57b

More related stories:

New digital currencies being pushed by global elite will destroy privacy, allow total surveillance of purchases. (https://naturalnews.com/2022-09-30-new-digital-currencies-global-elite-will-destroy-privacy.html)

Biden regime pushing ‘digital dollar’ so government can seize assets at will, control population. (https://newstarget.com/2022-09-23-biden-regime-pushing-digital-dollar-seize-assets-at-will.html)

Central Bank Digital Currencies are the bullet train to digital concentration camps. (https://currencycrash.news/2022-09-26-cbdc-the-bullet-train-to-digital-concentration-camps.html)

US government’s new Central Bank Digital Currency is a fast track to digital concentration camps. (https://cryptocult.news/2022-09-22-central-bank-digital-currency-digital-concentration-camps.html)

Global reset fully underway as 90% of central banks push for digital currency that governments can control. (https://collapse.news/2022-05-13-global-reset-fully-underway-central-banks-push-digital-currency.html)

[Forever]

I’m not aware of her so am unable to comment.

[norman]

Bank of England issues collapse warning: ‘You have three days to sell’
Thursday, October 13, 2022 by: JD Heyes

https://www.naturalnews.com/2022-10-13-bank-of-england-issues-collapse-warning.html


https://www.naturalnews.com/wp-content/uploads/sites/91/2022/10/Newspaper-With-Financial-Collapse.jpg


More evidence has emerged this week that the West’s financial system is teetering on the brink of collapse, as Europeans worry that they won’t have enough affordable energy to heat their homes this winter.

During a speech in Washington, D.C., Bank of England Gov. Andrew Bailey first warned that “market volatility went beyond bank stress tests,” which is frightening in an of itself, before he reinforced that there is a “serious risk to UK financial system stability,” adding that a program to bail out pension funds is “temporary,” according to Zero Hedge (https://www.zerohedge.com/markets/bank-england-global-markets-you-have-3-days-sell-all-things).

However, Bailey then dropped a bombshell.

“My message to the funds involved and all the firms is you’ve got three days left now. You’ve got to get this done. The essence of financial stability is that it (intervention) is temporary. It’s not prolonged,” he said in a chilling warning that sent shockwaves through financial sectors around the world. “I’m afraid this has to be done, for the sake of financial stability,” he added, per the BBC (https://www.bbc.com/news/business-63223894).

Meanwhile, according to the Financial Times (https://www.ft.com/content/83d74436-8651-4059-910a-a0d15b44a7c4?FTCamp=engage/CAPI/desktopapp/Channel_Bloomberg//B2B), here’s why traders are not selling more UK bonds:

Traders say the reluctance of some investors to offload larger quantities of gilts is in part a consequence of the BoE’s approach to making purchases.

The central bank has only bought gilts at close to the prevailing market level and has rejected offers it deemed too expensive. Investors may get a slightly better price by selling their bonds to the central bank rather than on the open market, but the difference is measured in small fractions of a percentage point. In return, they have to face the uncertainty of whether the BoE will actually accept their offer to sell, or potentially leave the bank holding unwanted gilts in a market where the price may have moved against them in the meantime.

“Clients don’t like the uncertainty (http://www.collapse.news/)— they say ‘you take the risk and you can charge us for it’,” one gilt trader at a big investment bank said. “You sell the bond wherever the market is — there’s no buying force coming from the BoE.”

“The way that the bank has structured this intervention is they can only buy assets if people put offers into them, but nobody is putting offers in,” noted Craig Inches, head of rates and cash at Royal London Asset Management.

But after Bailey’s comments in Washington, the sell-off began in earnest, paving the way for what many see as a collapse of gargantuan proportions in the not-too-distant future, barring a miracle of some sort, because the destructive cycle has already begun: As the global currencies plunge, the U.S. dollar becomes stronger; and as the U.S. dollar becomes stronger, the more global currencies plunge in value.

“This was coming because it has always been this way before,” ‘Big Short’ Michael Burry tweeted Monday, adding, “how anyone over the age of 40 did not see it coming is a riddle. The answer is Greed.”

The BBC noted further:

Earlier, pensions industry body the Pensions and Lifetime Savings Association had warned against the help ending “too soon”.

It suggested the support should be extended until 31 October, when Chancellor Kwasi Kwarteng is due to detail his economic plan explaining how he will balance the public finances. The statement will be accompanied by independent forecasts on the prospects for the UK economy.

“As the Bank has made clear from the outset, its temporary and targeted purchases of gilts will end on 14 October,” a Bank of England spokesperson reiterated on Wednesday, as reported by CNBC (https://www.cnbc.com/2022/10/12/british-pound-bank-of-england-bond-purchases-andrew-bailey.html).

“The Governor confirmed this position yesterday, and it has been made absolutely clear in contact with the banks at senior levels. Beyond 14 October, a number of facilities, including the new TECRF, are in place to ease liquidity pressures on LDIs,” the BoE spokesperson added.

[Forever]

This video that has been doing the rounds this week is indeed utter nonsense.
I may be proved wronged (hopefully not!) but what I can say with certainty is that this has been produced by someone with very little knowledge of blockchain technology.

My underlying argument is that now there is a new form of money (cryptocurrency) WHY would anyone use one that can be blocked and one that you don’t have control of, rather than use the free one like Bitcoin or Ethereum etc.

It just doesn’t make sense. Yes, CBDCs are coming, but only because they need to get with the programme and quickly. From their pov it’s a case of closing the stable doors after the horse has bolted.

[norman]

What video ?

[Forever]

The video shown in this post: https://projectavalon.net/forum4/showthread.php?119566-New-Worldwide-Financial-System-Goes-Live-in-November-2022&p=1522092&viewfull=1#post1522092:

[norman]

Also in November is the US Mid term elections.

Bix Weir thinks the crash ( deliberate ) is imminent, that is, pre election. Even if not pre election it's imminent. All they have to do is stop rigging the system and it all comes down.

If you have any money in your bank over and above your monthly running costs, go out and buy something useful because your bank account is about to be wiped out. The resultant anger is a part of the 'plan'.


X22 Report Spotlight - Bix Weir – The Good Guys Are Still In Charge & They Are Destroying The [CB] System (https://podbay.fm/p/x22-report/e/1667232057)
40 minutes Posted Oct 31, 2022


SHOW NOTES
Bix begins the conversation talking about bitcoin, gold, silver on how they are manipulated. The good guys are still in charge and they are destroying the [CB] system to bring us into a new system. The bad guys are struggling to stay alive but the people are waking up. When the crash comes the anger towards the [CB] is going to be off the charts. The people will force the [CB] out.

[norman]

disclosetv/9927

[norman]

G20 Leaders Declare MARK OF THE BEAST, Global ID to Buy, Sell, & Travel
Man in America - Published November 19, 2022

The interview starts at 5:23

v1t5gf4/?pub=4

[norman]

The CBDC Has Launched in the US (Here’s How It Affects You & Your Money)
Man In America - Published November 20, 2022

Interview starts at 2:20

v1td48a/?pub=4

[palehorse]

The CBDC Has Launched in the US (Here’s How It Affects You & Your Money)
Man In America - Published November 20, 2022

Interview starts at 2:20

v1td48a/?pub=4


Thanks for sharing, very important information people should be looking at right now.