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China’s Digital Yuan Comes With An Expiration Date

Written on . Posted in PT Global Economy.

Zero Hedge: It’s been a long time coming, and now it’s almost here.

 “And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.” Rev. 13:17 KJV

Last August we reported that China’s Commerce Ministry had released fresh details of a pilot program for the country’s central bank digital currency (CBDC) to be expanded to several metropolitan areas, including Guangdong-Hong Kong-Macao Greater Bay Area, Beijing-Tianjin-Hebei region, and Yangtze River Delta region. This was the inevitable culmination of a process which started back in 2014 when as we reported at the time, “China Readies Digital Currency, IMF Says “Extremely Beneficial“.

Fast forward a few months when China’s preparations to rollout a digital yuan gathered pace, and we reported in October that China was poised to give legal backing to the launch of its own sovereign digital currency, “cementing its trailblazer status in virtual currencies far ahead of other countries, after already recently experimenting with large-scale trials of actual payments by consumers, which was met with mixed results.” Specifically, the South China Morning Post reported that “The People’s Bank of China published a draft law on Friday that would give legal status to the Digital Currency Electronic Payment (DCEP) system, and for the first time the digital yuan has been included and defined as part of the country’s sovereign fiat currency.”

The design framework for the digital yuan had been released one year ago on the heels of Facebook’s ambitious but disastrous Libra token rollout after founding corporate partners split for lack of confidence in the project and on fears US federal regulators would seek to block it just as they did encrypted-messaging company Telegram’s Gram cryptocurrency.

“The draft law would also forbid any party from making or issuing yuan-backed digital tokens to replace the renminbi in the market,” the SCMP said.

In Global Currency Game, China Is Losing to U.S. - WSJ

This in turn brought us to the so-called “Shenzhen case study”  when in October of 2020, China became the first nation to hold a trial run of its digital currency, when the government in Shenzhen carried out a lottery to give away a total of 10 million yuan (about $1.5 million) worth of the digital currency (nearly 2 million people applied and 50,000 people actually “won”).

Helicopter Money: How, for What, to Whom, and by Whom? Stimulus packages in a time of crisis.

The winners were required to download a digital Renminbi app in order to receive a “red packet” worth 200 digital yuan ($30), which they can then spend at over 3,000 designated retailers in Shenzhen’s Luohu district, according to China Daily. After that, they’ll be able to buy goods from local pharmacies, supermarkets and even Walmart.

The idea was to not only test the technology involved, but boost consumer spending in the wake of the COVID-19 pandemic. In short, China is not only subsidizing the centrally-planned economy by manipulating the supply-side of the question- it now can prop up demand by handing out digital currency to anyone (or everyone).

Protesters Rip Down Government Fencing Around Alberta Church; Police Show Up In Riot Gear

Written on . Posted in PT World Order.

Daily Wire: Some of the protesters who demonstrated against the Royal Canadian Mounted Police (RCMP) on Sunday after they erected a three-walled chain link barrier around GraceLife Church in Alberta, Canada, attempted to rip down portions of the barricade.

RCMP responded in force, decked out in riot gear and masks, according to video posted to social media.

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“Nuclear Terrorism”: Iran Confirms “Sabotage” After Natanz Atomic Site Blackout, Vows Retaliation

Written on . Posted in PT Middle East.

Zero Hedge: We detailed earlier on Sunday that what appears to have been a cyberattack has disabled the power grid of the Natanz uranium enrichment facility. Naturally all eyes are on Israel as a likely culprit, which Israeli media itself has been at the forefront of speculating and asserting.

“Thou shalt fall upon the mountains of Israel, thou, and all thy bands, and the people that is with thee: I will give thee unto the ravenous birds of every sort, and to the beasts of the field to be devoured.” Ezekiel 39:4

Providing some confirmation that it wasn’t just “an accident” as was initially suggested, Iran’s top atomic official has followed by blaming an act of “nuclear terrorism” in statements later in the day.

Chief of the Atomic Energy Organization of Iran, Ali Akbar Salehi, further called it sabotage akin to the June 2020 attack on Natanz which resulted in a devastating fire which temporarily crippled the site which is key to Iran’s uranium enrichment process. In fact it was only on Saturday that Iran unveiled that it had new advanced centrifuges at the site.

“Condemning this despicable move, the Islamic Republic of Iran emphasizes the need for the international community and the International Atomic Energy Agency [IAEA] to deal with this nuclear terrorism,” state media quoted Salehi as saying.

He further vowed retaliation: “Iran reserves the right to take action against the perpetrators,” he said. Read More

Pentagon CONFIRMS Recent UAP / UFO Leaks as Genuine

Written on . Posted in PT World Order.

The Black Vault: This week, multiple photographs and a video, was “leaked” to the general public by George Knapp at MysteryWire.com and Jeremy Corbell from ExtraordinaryBeliefs.com. The Pentagon has now confirmed to The Black Vault via e-mail, that the photos and videos leaked this week, all were taken by Navy personnel.

” There were giants on the earth in those days, and also afterward, when the sons of God came in to the daughters of men and they bore children to them. Those were the mighty men who were of old, men of renown.” Genesis 6:4

“I can confirm that the referenced photos and videos were taken by Navy personnel. The UAPTF has included these incidents in their ongoing examinations,” said Susan Gough, Pentagon Spokesperson. “As we have said before, to maintain operations security and to avoid disclosing information that may be useful to potential adversaries, DOD does not discuss publicly the details of either the observations or the examinations of reported incursions into our training ranges or designated airspace, including those incursions initially designated as UAP.”

However, Gough refused to confirm whether they remain “unidentified,” or are used as training material for identifiable objects, or remain unknowns. “I have nothing further for you beyond what I provided,” Gough stated. No additional information was provided. Read More

China and Russia Optimistic over Iran Talks as Biden Envoy Sulks on Sidelines

Written on . Posted in PT World Order.

Breitbart: The governments of China and Russia, which appear to be taking the lead in talks between Iran and the remaining partners in the 2015 Iran nuclear deal, expressed optimism after talks concluded on Friday for the week that progress had occurred.

But tidings out of the east and out of the north shall trouble him: therefore he shall go forth with great fury to destroy, and utterly to make away many.” Daniel 11:44

The conversations over the agreement formally known as the Joint Comprehensive Plan of Action (JCPOA) began this week in Vienna, Austria. Representatives from China, Russia, and Iran — as well as the United Kingdom, France, and Germany — met to discuss, they claimed, a way to repair what remains of the agreement after years of violations by Tehran and President Donald Trump withdrawing the United States from it in 2018.

Notably absent from the invitation list was the United States, which had no formal representation in this week’s talks. Read More

Israel shifts focus to Tehran’s sea bridge, strikes Guards ship in the Red Sea

Written on . Posted in PT Middle East.

Debkafile: A US official told The New York Times that Israel had informed Washington of an attack by its forces on the IRGC-flagged Saviz in the Red Sea on Tuesday, April 6, in reprisal for Iranian strikes against its merchant vessels. The target was a floating IRGC intelligence base stationed between Eritrea and Yemen.

“I will summon a sword against Gog on all my mountains, declares the Sovereign Lord. Every man’s sword will be against his brother. Ezekiel 38:21 NIV

No comment has come from Israel to this report. The official said the ship had been hit below the water line. Iran’s semi-official Tasnim news agency said that the large ship was hit by limpet mines; the IRGC blamed Israel on social media. Located at a strategic Red Sea choke point, the ship which has been stationary for two years can provide a constant flow of real-time intelligence on maritime traffic and military vessels. Uniformed men have been seen onboard the ship, and on the deck are small launch boats that are commonly used by the IRGC.

What are limpet mines? Iran's sabotage of an Israeli ship has echoes of Fujairah attacks | The National

The incident highlights five points, noted here by DEBKAfile’s analysts:

  1. The Saviz was in position for gathering intelligence relevant to any planned Iranian sea or land Red Sea region aggression, including Israeli or Saudi coastal targets.
  2. The Biden administration jumped the gun in publicizing Israel’s role in the attack for its own ends. It coincided with the opening of the first indirect talks between the US and Iran, brokered by the EU in Vienna and through back channels to revive the 2025 nuclear deal, to which Israel strongly objects. US officials released the story as a warning to Israel not to spoil the diplomatic track.
  3. Iran, normally cagy or slow to acknowledge Israeli military strikes, got in fast with a cursory report by Tanzim.
  4. All this indicates a tidal shift in the tactics used in the Israel-Iranian conflict. Most significantly, the focus has moved from Israel’s campaign to wipe out Iran’s land bridge through Syria to a drive to disrupt its oceanic bridge through the Red Sea.
  5. The Saviz attack substantially notched up the intensity of the conflict.  Most of the sea attacks until now involved civilian shipping. Israel reportedly struck a row of Iranian Syria-bound oil tankers in the Mediterranean in 2019 and last month. This year, Iran hit two Israeli merchant vessels in the Mediterranean and Gulf of Oman. But this time, the target was military, a ship called in a US report a “covert IRGC forward base. Read More

The Woke Chauvinists Want Chauvin’s Head, but Their Prosecution Is Collapsing

Written on . Posted in PT World Order.

The New American: It’s what can happen when media agitation helps formulate criminal charges: A lawbreaker dies of an overdose in police custody, and the officer who restrained him is overcharged and then acquitted.

“Evil men do not understand justice, but those who seek the Lord understand it completely.” Proverbs 28:5 ESV

Then the rabble, convinced by race hustlers and propagandists that a murder was committed and the cop’s head would be on a platter, riot, burn, and destroy. Some of this has already happened in the case of Minneapolis police officer Derek Chauvin and the late George Floyd. The rest very well may happen. As commentator Andrea Widburg reports:

The trial of Derek Chauvin grinds on. Currently, the prosecution is still putting on its case, but it may want to stop doing so before the court is forced to dismiss the case altogether. As Andrew Branca, at Legal Insurrection, explained after the eighth day of the trial, “once again, the defense weaponizes prosecution ‘expert’ witness against the prosecution case.”

… A brief rundown here to orient you:

George Floyd, a convicted violent felon, passed a fake $20 bill. When the police arrived, Floyd was clearly under the influence and complaining that he couldn’t breathe. The police tried to get him into the back of their car, at which point he went wild.

Over 300 Arrested In Third Day Of Explosive George Floyd Protests In NYC - Gothamist

Concluding that Floyd was suffering from excited delirium (i.e., a probably drug overdose), Derek Chauvin restrained Floyd in textbook fashion, by placing him on his stomach with Chauvin’s knee across Floyd’s shoulder. The police also called 911 for a paramedic. While all this was going on a crowd gathered, filming what was happening and hurling angry, threatening imprecations at the police.

Then Floyd died.

June 1 coverage of nationwide unrest and ongoing protests

This led to hundreds of violent riots and civilization-rending cultural changes, such as new policies and laws, the renaming of schools and other institutions, and legally mandated discrimination rebranded as “equity” six ways to Sunday. What’s more, Floyd’s family got $27 million from the city of Minneapolis to ease their grief. Read More

State Witness In Floyd Trial: Bystanders’ Threats Would ‘Raise Alarm’ Enough To Detain Suspect

Written on . Posted in PT World Order.

Daily Wire: A witness called by the prosecution in the trial of former Minneapolis Police Officer Derek Chauvin said this week that bystanders’ threats would “raise alarm” for an arresting officer, leading him to continue the detainment of a suspect, which in this case was 46-year-old George Floyd.

“He has told you, O man, what is good; and what does the Lord require of you but to do justice, and to love kindness, and to walk humbly with your God?” Micah 6:8 ESV

The cross-examination testimony of Lt. Johnny Mercil, who was in charge of use-of-force training at the time of Floyd’s arrest, caused a number of problems for the prosecution this week, including when defense attorney Eric Nelson showed Mercil images of bystanders and quoted their language toward Chauvin during the arrest.

After Mercil notably confirmed that Chauvin did not have Floyd in a “neck restraint” while he was detaining him, Nelson asked the use-of-force expert if an officer’s environment would affect how long he restrains a suspect. Mercil answered “yes.”

If bystanders were “cheering” on the officer, Nelson outlined, that’d be one thing. But “if they were saying, I’d slap the f*** out of you, or, you’re a p****, or, you’re a chump, would that reasonably tend to raise alarm to the police officer?”

“Yes, sir,” Mercil responded.

Biden Reportedly Planning to Choose Hardcore Anti-gun Lobbyist as Head of ATF

Written on . Posted in PT World Order.

The New American: Sources familiar with the workings of the Biden White House say he will pick gun-control advocate David Chipman (shown) to lead the Bureau of Alcohol, Tobacco, Firearms and Explosives (ATF).

“When the righteous increase, the people rejoice, but when the wicked rule, the people groan.” Proverbs 29:2 ESV

Chipman is a senior policy advisor at Giffords, a group led by former Arizona Representative Gabby Giffords (D-Ariz.) that advocates for stricter gun laws. Giffords’s husband is recently elected U.S. Senator Mark Kelly (D-Ariz.).

Prior to this role, Chipman was a special agent for the ATF.

“David has spent his career serving the public, combating violent crime, and striving to make our nation and our communities safer. As a responsible gun owner, decorated law enforcement professional, and gun safety expert, David is the perfect choice for ATF director,” Giffords said of Chipman.

If by that she means “perfect” for eroding Americans’ constitutional liberties, she’s right. Read More