Several States Take Steps To Block A Central Bank Digital Currency
Zero Hedge: Authored by Mike Maharrey via Money Metals,
Several states have taken action over the last two years in an effort to block the implementation of a central bank digital currency (CBDC) in the United States.
Indiana was the first state to pass legislation relating to central bank digital currency. Enacted in 2023, the law explicitly excludes a CBDC from the definition of money under t…
Vitalik Buterin Says OpenAI’s GPT-4 Has Passed The ‘Turing Test’
Authored by Tristan Greene via CoinTelegraph.com,
Zero Hedge: The Turing test is a nebulous benchmark for AI systems purported to determine how human-like a conversational model is. The term was coined on account of famed mathematician Alan Turing who proposed the test in 1950.
According to Turing, at the time, an AI system capable of generating text that fools humans into thinking they’re havi…
There Is No Prosperity without Private Property
Mises Institute: Private property rights are crucial to economic prosperity. Without them, it becomes impossible to set up a system of free markets that allows for rational economic calculation. Despite this, property rights are under attack in today’s world by progressives seeking to build a more “just” society through equity.
When property is originally appropriated, it belongs to its owner. …
Stopping CBDCs & Restoring Sound Money With Kevin Freeman
The New American: U.S. debt is out of control, and we are heading toward the edge of an economic cliff. What’s more, the elites plan to use the likely coming economic collapse as the perfect pretext to foist central bank digital currencies (CBDCs) on the world, which would turn us all into slaves.
Money expert and former consultant to a number of government agencies Kevin Freeman discusses his…
IMF Prepares Financial Revolution – Say Goodbye To The Dollar …
Note: this post is in 3 parts with 3 Opinion/Definition sections separating the parts.
Zero Hedge:
Authored by Brandon Smith via The Burning Platform blog,
Part 1. Global reserve currency status allows for amazing latitude in terms of monetary policy.
The Treasury Department understands that there is constant demand for dollars overseas as a means to more easily import and export goods. The…
The WHO’s Road To Totalitarianism
Zero Hedge: Several articles on the proposed amendments to the World Health Organization’s (WHO) international health regulations have appeared here on Brownstone, such as this excellent introduction. Consequently, there is no need to repeat this information in a similar format. What I would like to do instead is to pursue the question, what the implications would be for people worldwide if thi…
China, Russia Buy Gold as Part of Huge Wealth Transfer From West to East
The New American: Shifting conditions in the global gold market further suggest that the West is being left behind as Eastern institutions ascend.
The price of physical gold has risen to an all-time high as central banks, particularly China’s, are rushing to buy up the gold that Western investors are quick to part with. This is resulting in a major gold transfer from West to East, and is indica…
America’s Fiscal Collapse Accelerates
Mises Institute: In case you thought anybody in Washington was driving this thing, they are not.
It’s official: the Department of Treasury is now issuing debt at pandemic levels. It’s worth noting the pandemic record was double the previous record, which had stood for 231 years.
In raw numbers, the latest numbers for Q4 2023 show Treasury issued $7 trillion in new debt. For the entire year, it …
The White House Claims Borrowing $16 Trillion Over the Next Decade Is Fiscally Responsible
Reason.com: The budget plan President Joe Biden unveiled on Monday would hike taxes, increase federal spending to unprecedented levels, and lock in budget deficits that average nearly $2 trillion annually for the next decade.
But possibly the craziest detail is the fact that the White House is trying to frame all of that as being an exercise in fiscal restraint.
No, really. In a “fact sheet” re…
Members of European Parliament (MEPs) back plans for an EU-wide digital wallet
European Parliament:
An EU wallet to authenticate and access public and private services, and to store, share and e-sign documents
Privacy dashboard to give users full control over their data
The wallet is to be used on a strictly voluntary basis
According to the regulation adopted on Thursday, and already agreed upon with EU ministers, this new Digital Identity Wallet will allow citizens to i…
Epstein-linked MIT lab has already funded 3 central bank digital currency trials
LifeSite News: Unbeknownst to most, US banks have participated in three CBDC pilot programs, two of which are ongoing and one of which is considering assigning digital ‘tokens’ to all assets.
An author and political activist shared that the Massachusetts Institute of Technology (MIT)’s Media Lab, which has direct links to child trafficker Jeffrey Epstein, has funded three central bank digital c…
Bitcoin Will Not Kill The US Dollar, The Government Will
Zero Hedge, Daniel Lacalle: In a recent interview with Seth Meyers, President Biden mentioned that the United States has the strongest economy in decades. However, the reality shows that the 2023 GDP growth adjusted for the accumulation of public debt was the worst since 1930. The U.S. national debt hit $32 trillion in June 2023 and surpassed $33 trillion in September. The U.S. national debt no…