Article I, Section 8, of the U.S. Constitution empowers Congress to coin money and regulate its value thereof. Article I, Section 10, specifies that no state shall make anything but gold and silver coin a tender in payments of debts.
The Federal Reserve Act of 1913, passed by the 63rd Congress and signed into law by President Woodrow Wilson on December 23, 1913, established the Federal Reserve System, the central bank of the United States. The Federal Reserve Act also delegated the right to issue money from Congress to the Federal Reserve.
In this regard, the current U.S. dollar, a Federal Reserve Note, is illegal money. It is issued by the Federal Reserve – not Congress – in direct violation of the U.S. Constitution. Moreover, when states collect tax dollars that are devoid of gold or silver coin, they violate the Constitution. –Will Your State Reject the Fed’s Digital Dollar?
The end game is the deliberate destruction of our current monetary paradigm. The United States economy and the economies of all central bank-controlled currencies worldwide will be destroyed. Central banking is the instrument enabling total control of a nation, regardless of the governments in power or the will of the people subjugated to the banking system.
The collapse of the U.S. Economy will create a domino effect, devastating economies in all Western nations, and by induction, the other countries will fall into financial ruin on schedule. Then amid the pandemonium, wealth destruction, hunger and violence, the planet-wide controllers will provide excuses as to how this happened, claiming individual and corporate greed, lack of government oversight, and, finally that fiat currencies and multitudes of private banking institutions are prone to boom/bust cycles that must be removed from any future banking paradigm going forward.
A Solution Will Be Offered
For decades, central bank controllers have known that the best way to destroy a nation is to debauch its currency. This concept has been understood for centuries. After Congress and Woodrow Wilson handed the Federal government’s Constitutionally mandated system of creating currency and credit over to a predatory private banking cartel, the plan was hatched to harness the wealth of American people to build and construct a planet-wide system of central banking for purposes of controlling the issuance of credit in nearly nation in the world.
Using contrived wars and exporting inflation under the global reserve currency status, the bankers used American wealth to dominate the world and create their final solution for worldwide totalitarianism.
In March of 2021, H.R. 2211 was introduced into Congress. The bill called Central Bank Digital Currency Study [CBDC] Act of 2021, instructed the Board of Governors of the Federal Reserve System to conduct a study on central bank digital currencies, and for other purposes.
Reading this bill is essential because should a CBDC replace the U.S. Dollar, Americans will no longer have any means to make private transactions. Further, the bill notes that the CBDC should provide the following:
A strong digital identity verification system to prevent identity fraud and allow for compliance with applicable requirements relating to anti-money laundering, illicit financing, and security and authentication standards.
It is easy to see how this form of money will transfer to unelected masters’ enormous latitude to decide what you can earn and who may pay you. The definitions of anti-money laundering and illicit financing are outstandingly broad and capable of restricting payment and income depending on the prevalent whims of the controllers.
Further features would include:
Third-party transaction anonymity protects user privacy and only allows for traceability when otherwise required by law, including through a court order.
This is the end of financial transaction privacy; worse yet, a CBDC will open Pandora’s box for tyrannies seeking to control every aspect of your economic existence.
In an article published by Joseph Mercola entitled An Invisible Prison Has Been Built Just For You. This article discusses how the digital I.D. destroys individual privacy, including the right to travel unnoticed, the right to make purchases untracked, and the right to donate or contribute to any causes you feel worthy that may not be on the approved list.
The CBDC is just part of a surveillance iron curtain slowly lowered over your liberties. Social crediting will contribute to your financial access. You will be rewarded for making approved purchases and punished for attempting non-approved purchases or activities.
Vaccine passports, travel passports, purchase restriction zones, and every manner of dystopian, monomaniacal despot’s dream is satisfied by combining the CBDC with social credits and your Iron Clad digital I.D.
Your ID will match your face and likely DNA; you will never be private again.
Even your food choices will be monitored for violations of your carbon credit limits.
Now we see the first test run of the new CBDC was announced by the New York Federal Reserve (a private banking cartel not part of the U.S. Government).
NEW YORK [November 15, 2022] – The Federal Reserve Bank of New York today announced that its New York Innovation Center (NYIC) will participate in a proof-of-concept project to explore the feasibility of an interoperable network of central bank wholesale digital money and commercial bank digital money operating on a shared multi-entity distributed ledger.
This U.S. proof-of-concept project is experimenting with the concept of a regulated liability network. It will test the technical feasibility, legal viability, and business applicability of distributed ledger technology to settle the liabilities of regulated financial institutions through the transfer of central bank liabilities.
In the Mercola article above, the video is hosted on Youtube, but here is another link for when Youtube censors that video here.
I believe that it is now easy to understand that those responsible for the wars and massive deaths in Europe and Asia during the 20th century have created what they believe is their final solution to enslave mankind.
These anti-life beings (not sure they are human) expect the rest of us to voluntarily enter their prison. But we do not have to do that; we can defund them, cut off their access to our wealth, and refuse to accept the surveillance state.
We must work to END forever central banking and centralized controls where ever they attempt to organize (like the United Nations); more to say in summary below.
Market Summary
The continues Ying and Yang of media talking heads reciting the news that inflation is peaking, which is then contradicted by the banking authorities. At the same time, prices continue to rise, and new novel ways of pushing more inflation into the economy are announced.
Meanwhile, increases in the federal funds rate are destroying the housing market and the used and new car markets, and the federal reserve is now insolvent and losing money by the day.
Housing Has a Fair Amount of Room To Fall – Morgan Stanely (video)
Mortgage demand falls again even as rates sink further
Mortgage applications to purchase a home fell 3% for the week and were 40% lower than the same week one year ago.
Home prices, sales to drop for first time in decade, Redfin predicts
Redfin expects home prices in the United States to decline for the first time in a decade in 2023.
U.S. construction spending falls in October on single family housing
U.S. construction spending fell in October, pulled down by continued weakness in single-family homebuilding amid higher mortgage rates.
Continuing U.S. Jobless Claims Rise to Highest Since February
Recurring applications for U.S. unemployment benefits rose to the highest since early February, suggesting that Americans who are losing their job are having more trouble finding a new one as the labor market shows tentative signs of cooling.
U.S. economy will soon start losing 175,000 jobs a month, Bank of America warns
As pressure from the Fed’s war on inflation builds, nonfarm payrolls will begin shrinking early next year, translating to a loss of about 175,000 jobs a month during the first quarter, the bank said. Charts published by Bank of America suggest job losses will continue through much of 2023.
Significant and continuous drops in the 10-year yield indicate massive debt purchasing by the fed out of the public eye.
The debt market is unstable and telegraphs that the U.S. economy is insolvent. More than 80 basis points have melted away in just a couple of weeks. This ensures that more inflation is being pumped into the financial system to prevent liquidity issues while those escaping the bond market continue to pressure upward yields.
2-year Treasury yield tops 10-year rate, a ‘yield curve’ inversion that could signal a recession
The 2-year and 10-year Treasury yields inverted for the first time since 2019 on Thursday, sending a possible warning signal that a recession could be on the horizon. The bond market phenomenon means the rate of the 2-year note is now higher than the 10-year note yield.
High-profile stock picker Cathie Wood, the chief of asset manager Ark Invest, on Wednesday laid into the Federal Reserve’s aggressive plan to fight inflation, joining some experts in arguing the consequences of the central bank’s interest rate hikes could ultimately outweigh the benefits—but others warn of exactly the opposite risk.
Physical Silver & Gold Premium Update
A Commodity SUPER-SPIKE Is Coming. Are You Ready for It?
Today commodities, in general, are in massive INVERSE bubbles; therefore, when risk-on eventually becomes risk-off, and it will, the price of commodities will SUPER-SPIKE.
Silver Stocks on the LBMA Lowest Ever Since They Started Recording Inventories
The amount of silver stored in vaults in London and New York monitored by the COMEX exchange and the London Bullion Market Association has fallen by around 376.7 million ounces – this year.
Silver Spot Price: $23.26 | 1 oz. Silver Eagle Price $41.47 | Premium 78.14%↑
Gold Spot Price: $1795.8 | 1 oz. Gold Eagle Price $2,041.80 | 12.9% ↓
$50 face value junk silver $1296.50 | 55.90% over spot price for 71.5% silver quarters↓
10 Yield: 3.49% ↓
Crude Oil Price: $71.66 ↓
* note arrows show price increase or decrease over the last article.
Final Thoughts
The Gangsters running the central banking rackets are planning to use the coming total financial collapse of the USA and then the world as a means to push people into the new digital gulag system for purposes of permanent enslavement.
Inflation is a means of destroying a currency, and a debt-based currency is a scientific system of wealth theft guaranteed to self-destruct.
To save yourself and to have a means of standing against the surveillance and CBDC prison being constructed right now – you must have resources with no counterparty risk. Central bank currencies are backed by nothing and are a private corporation’s liability. When the dollar value is destroyed, you will lose everything denominated in dollars due to no fault of your own.
Risk-free assets like silver and gold (with silver being the most undervalued of the two) have no counterparty risk. These assets will hold their purchasing power regardless of whether the central banks and accomplices destroy the dollar’s purchasing power.
Now is the time to reduce or eliminate your debt; think about becoming your own bank by converting your dollars into assets that will retain value, including silver and gold. Other assets are listed below.
When the time comes to be herded into the new prison system – refuse. Trade with silver and gold and with your labor. This will be a new beginning – the banking system must be defunded and the bankers jailed for numerous financial crimes. Central banking must be eradicated from the Earth and all systems that claim to control all people from a central location.
We can do this – there is no alternative.
Here are a few things of immediate importance
Move out of cities
Convert dollars that will be held hostage in the banking system to silver (and gold).
Keep Enough cash on hand for a month of typical requirements.
Keep stocking up on food.
Purchase productive assets (farms, farmland, tractors, specialized machinery).
Make preparations for gasoline and diesel fuel shortages coming this winter.
Obtain necessary components of cooking – cooking oils, flour, sugar, seasonings, etc.
Learn new skills. Fishing, hunting, food storage, gardening.
Purchase a water purification system
Invest in solar equipment for power generation
Consider communications a priority and invest in radio equipment (shortwave receivers, shortwave radios (get your license), GMRS radios.
Please note that the so-called “Junk Silver” is a fantastic way to own fractional silver and carry and use silver in a familiar, safe manner. Please see my new article, What is Junk Silver and Why You Should Buy Some. In this article, I explain how to price and buy “junk silver” and why it is a good idea to get some – oh, and get it soon.
** Ideas and suggestions in this article are my own opinions and are not intended to be financial advice.
Jack Mullen
