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Thread: New Worldwide Financial System Goes Live in November 2022

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    Avalon Member norman's Avatar
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    Last edited by norman; 24th September 2022 at 10:51.
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    Default Re: New Worldwide Financial System Goes Live in November 2022

    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.

    Quote 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'

    Quote 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.

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    Default Re: New Worldwide Financial System Goes Live in November 2022

    Very interesting document. Thank you for sharing.

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    Default Re: New Worldwide Financial System Goes Live in November 2022

    And to continue to follow that trend of thought:


    https://twitter.com/milesdeutscher/s...29885946286083

    ETH Could Be In Trouble! SEC's Gary Gensler Labels Ethereum A "Security"


    Quote 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

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    Default Re: New Worldwide Financial System Goes Live in November 2022

    What does it mean to me?

    It means, DO NOT COMPLY!!!
    Question Everything, always speak truth... Make the best of today, for there may not be a tomorrow!!! But, that's OK because tomorrow never comes, so we have nothing to worry about!!!

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    Default Re: New Worldwide Financial System Goes Live in November 2022

    I've found the rumble video version of the interview

    https://rumble.com/v1kr8g5-world-rep...lained-w-.html

    ( also added it to the opening post )

    Source: https://www.rumble.com/video/v1i52in/?pub=4
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    Default Re: New Worldwide Financial System Goes Live in November 2022

    Quote Posted by East Sun (here)
    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" from the Expanse novels and series comes to mind.

    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.
    Last edited by edina; 20th September 2022 at 20:02.

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    Default Re: New Worldwide Financial System Goes Live in November 2022

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

    Quote 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://kanekoa.substack.com/p/centr...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



    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.

    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, 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.




    Anthony Pompliano, an American entrepreneur, investor, and Bitcoin evangelist wrote last March 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.
    Last edited by mountain_jim; 20th September 2022 at 20:36.
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    Default Re: New Worldwide Financial System Goes Live in November 2022

    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
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    Default Re: New Worldwide Financial System Goes Live in November 2022

    Quote Posted by norman (here)
    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.
    Last edited by edina; 20th September 2022 at 21:05.

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    Default Re: New Worldwide Financial System Goes Live in November 2022

    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.)

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    Default Re: New Worldwide Financial System Goes Live in November 2022

    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.

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    Default Re: New Worldwide Financial System Goes Live in November 2022

    Quote Posted by Forever (here)
    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.
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    Default Re: New Worldwide Financial System Goes Live in November 2022

    Quote Posted by Forever (here)
    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/2022-09-1...-security.html

    https://www.forbes.com/sites/billyba...h=16b013832556

    (I found Miles take on this topic balanced, and nuanced. Feel free to share your preferred crypto-commentators take on this issue.)
    Last edited by edina; 21st September 2022 at 15:49.

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    Default Re: New Worldwide Financial System Goes Live in November 2022

    Quote Posted by norman (here)
    Quote Posted by Forever (here)
    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....
    Last edited by edina; 21st September 2022 at 15:54.

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    Default Re: New Worldwide Financial System Goes Live in November 2022

    • Same date A.I. takes over without us realizing it? ....
    No need2follow anyone, only consider to broaden (y)our horizon of possibilities
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    Default Re: New Worldwide Financial System Goes Live in November 2022

    Quote Posted by ExomatrixTV (here)
    • Same date A.I. 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?
    Last edited by edina; 21st September 2022 at 14:53.

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    Default Re: New Worldwide Financial System Goes Live in November 2022

    Quote Posted by edina (here)
    Quote Posted by ExomatrixTV (here)
    • Same date A.I. 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 "help" and "assistance" micromanaging more and more!

    Just ask how 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.) is part of WEF & Agenda2030

    cheers,
    John 🦜🦋🌳
    Last edited by ExomatrixTV; 21st September 2022 at 15:05.
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    Default Re: New Worldwide Financial System Goes Live in November 2022

    Quote Posted by ExomatrixTV (here)
    Quote Posted by edina (here)
    Quote Posted by ExomatrixTV (here)
    • Same date A.I. 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 "help" and "assistance" micromanaging more and more!

    Just ask how 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.) is part of WEF & Agenda2030

    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.
    ..................................................my first language is TYPO..............................................

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    Lightbulb Re: New Worldwide Financial System Goes Live in November 2022

    • 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
    Last edited by ExomatrixTV; 21st September 2022 at 23:04.
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