lewrockwell--2020-09-03--Just Knock It Off

Just Knock It Off

This week the mainstream media finally grudgingly admitted the possibility of what I ’ ve been hollering for three months : that their declaration of a “ racial reckoning ” has unleashed destruction and mayhem across America .
While most of the press ’ attention is focused on a handful of whites shooting other whites over politics , the statistically much bigger phenomenon all summer has been the Black Lives Matter-inspired rise in black-on-black shootings .
For example , the number of shooting victims in New York City so far this year is up 95 percent over 2019 .
While @ @ @ @ @ @ @ right-wing violence , there probably aren ’ t a lot of violent Trumpists in the Bronx .
Constitutional Homelan ... Edwin Vieira Best Price : $ 19.00 Buy New $ 27.95 What about elsewhere ?
National crime data trickles in slowly , but one useful source is the Wikipedia page on mass shootings ( defined as incidents in which four or more people were struck by bullets , but not necessarily killed ) .
With one day left in August , the total number of mass shootings in the U.S. since June 1 @ @ @ @ @ @ @ 149 in 2019 ’ s same period .
Fortunately , these huge increases in total number of people shot may not translate into equally immense increases in murders , because 2020 ’ s shooters don ’ t seem as efficient at killing people .
Fewer people appear to be dying per person shot this year .
For example , murders are up only 35 percent in New York City due to a decline in marksmanship among Gotham ’ s would-be assassins .
This suggests that a large fraction of the Summer of George @ @ @ @ @ @ @ , who historically have had the lowest ratio of kills to wounded .
( Contrary to what you might assume from watching rap videos , holding your gun sideways doesn ’ t actually help you shoot straight . )
Although the national press has promoted the idea that almost all mass shootings are carried out by white male terrorists with rifles in schools or churches , those are rare , although horrifically lethal when they do happen .
By Tyranny Out of Nece ... Edwin Vieira Jr Best Price : $ 94.85 Buy @ @ @ @ @ @ @ the prototypical white mass shooting is carried out by a lone gunman bent on suicide or life in prison who sticks around to finish off the wounded because he has made up his mind he ’ s not going home ever .
These leave more dead , fewer wounded .
In contrast to suicidal white mass shootings , black shootings tend toward the homicidal : Several handgun-armed young men shoot up a picnic or block party intending to kill somebody in the crowd with whom they are angry .
And then they run @ @ @ @ @ @ @ at their grandma ’ s house for a few days , it ’ ll all blow over .
Many of those shot are merely bystanders , whom the shooters don ’ t bother to hunt down because they didn ’ t have much in the way of hard feelings toward them in the first place .
They just happened to be , as they so often say , in the wrong place at the wrong time .
These kinds of mass shootings cause fewer dead but more wounded .

This week the mainstream media finally grudgingly admitted the possibility of what I’ve been hollering for three months: that their declaration of a “racial reckoning” has unleashed destruction and mayhem across America.
While most of the press’ attention is focused on a handful of whites shooting other whites over politics, the statistically much bigger phenomenon all summer has been the Black Lives Matter-inspired rise in black-on-black shootings.
For example, the number of shooting victims in New York City so far this year is up 95 percent over 2019. While the press is now harping on supposed right-wing violence, there probably aren’t a lot of violent Trumpists in the Bronx. Constitutional Homelan... Edwin Vieira Best Price: $19.00 Buy New $27.95 (as of 11:32 UTC - Details)
What about elsewhere? National crime data trickles in slowly, but one useful source is the Wikipedia page on mass shootings (defined as incidents in which four or more people were struck by bullets, but not necessarily killed).
With one day left in August, the total number of mass shootings in the U.S. since June 1 is 257, up 72 percent from 149 in 2019’s same period.
Fortunately, these huge increases in total number of people shot may not translate into equally immense increases in murders, because 2020’s shooters don’t seem as efficient at killing people. Fewer people appear to be dying per person shot this year. For example, murders are up only 35 percent in New York City due to a decline in marksmanship among Gotham’s would-be assassins.
This suggests that a large fraction of the Summer of George’s incremental shootings are by blacks, who historically have had the lowest ratio of kills to wounded. (Contrary to what you might assume from watching rap videos, holding your gun sideways doesn’t actually help you shoot straight.)
Although the national press has promoted the idea that almost all mass shootings are carried out by white male terrorists with rifles in schools or churches, those are rare, although horrifically lethal when they do happen. By Tyranny Out of Nece... Edwin Vieira Jr Best Price: $94.85 Buy New $54.06 (as of 03:10 UTC - Details)
That’s because the prototypical white mass shooting is carried out by a lone gunman bent on suicide or life in prison who sticks around to finish off the wounded because he has made up his mind he’s not going home ever. These leave more dead, fewer wounded.
In contrast to suicidal white mass shootings, black shootings tend toward the homicidal: Several handgun-armed young men shoot up a picnic or block party intending to kill somebody in the crowd with whom they are angry. And then they run off, figuring if they lie low at their grandma’s house for a few days, it’ll all blow over. Many of those shot are merely bystanders, whom the shooters don’t bother to hunt down because they didn’t have much in the way of hard feelings toward them in the first place. They just happened to be, as they so often say, in the wrong place at the wrong time.
These kinds of mass shootings cause fewer dead but more wounded.
Read the Whole Article


The Fauci Files

At 79 years old , Dr. Anthony Fauci — who has served as the director of the National Institute of Allergy and Infectious Diseases ( NIAID ) since 1984 — has yet to come out with the “ Big One ” — a vaccine or infectious disease treatment that will allow him to retire with a victory under his belt .
He failed to create a successful vaccine for AIDS , SARS , MERS and Ebola .
A COVID-19 vaccine is essentially his last chance to go out in a blaze of glory .
As evidenced by his history , @ @ @ @ @ @ @ Moderna ’ s COVID-19 vaccine and Gilead ’ s antiviral Remdesivir .
He even threw tried and true pandemic protocols out the window when COVID-19 hit , turning into an unquestioning spokesman for draconian liberty-stripping measures instead .
To echo a question asked by Dr. Sal Martingano in his article,1 “ Dr .
Fauci : ‘ Expert ’ or Co-Conspirator , ” why are we not questioning this so-called expert ?
Fauci : The Bernie Mado ... Ortleb , Charles Buy New $ 5.99 The risk we take when listening to Fauci is @ @ @ @ @ @ @ s been wrong about most things .
In a July 14 , 2020 , “ Opposing View ” editorial in USA Today , White House adviser Peter Navarro , director of the Office of Trade and Manufacturing Policy , stated that Fauci “ has been wrong about everything that I have interacted with him on.
” 2 According to Navarro , Fauci ’ s errors in judgment include:3 •Opposing the ban on incoming flights from China in late January 2020 .
•Telling the American people the novel virus outbreak was nothing to worry @ @ @ @ @ @ @ the use of masks — first mocking people for wearing them , and then insisting they should .
In fact , mid-July , he suddenly urged governments to “ be as forceful as possible ” on mask rules.4 •Claiming there was only anecdotal evidence supporting the use of hydroxychloroquine , when the scientific grounds for it go as far back as 2005 , when the study,5 “ Chloroquine Is a Potent Inhibitor of SARS Coronavirus Infection and Spread , ” was published in the Virology Journal .
Fauci should have been well aware @ @ @ @ @ @ @ study,6 “ Chloroquine has strong antiviral effects on SARS-CoV infection of primate cells .
These inhibitory effects are observed when the cells are treated with the drug either before or after exposure to the virus , suggesting both prophylactic and therapeutic advantage , ” the study authors said .
In other words , the drug worked both for prevention and treatment .
As noted by Navarro , more recent research found hydroxychloroquine reduced the mortality rate among COVID-19 patients by 50 % when used early .
Interestingly , in a March 24 , @ @ @ @ @ @ @ Fauci did say that — were he to speak strictly as a doctor treating patients — he would certainly prescribe chloroquine to COVID-19 patients , particularly if there were no other options .
Then , in August , he flipped back to insisting hydroxychloroquine doesn ’ t work,8 even though by that time , there were several studies demonstrating its effectiveness against COVID-19 specifically .
A VOYAGE IN IMAGINATIO ... Holmes , Dr Joel S Buy New $ 9.95 So , it appears Fauci has had a hard time making up his mind @ @ @ @ @ @ @ the one hand dismissing the drug as either untested or ineffective against COVID-19 , and on the other admitting it would be wise to use , seeing how the options are so limited .
Fauci Has Done Nothing to Help Unite the Country While Fauci claims to be exasperated by how political the pandemic has become,10 Robert F. Kennedy Jr. pointed out in an August 2 , 2020 , Instagram post11 that Fauci himself is , at least in part , part of the problem , as his double standards on hydroxychloroquine have @ @ @ @ @ @ @ nation : In a June 10 , 2020 , article,12 Global Research also questioned Fauci ’ s many attempts to disparage the drug for no apparently valid reason ; even promoting the fake ( and ultimately retracted ) Lancet study that claimed to show hydroxychloroquine was dangerous .
At the end of the day , who benefits ?
Well , certainly it benefits the drug and vaccine industries , which seems to be where Fauci ’ s loyalties lie .
Plague : One Scientist & ... Mikovits , Judy Best Price : $ @ @ @ @ @ @ @ is not named on the patents of either Moderna ’ s vaccine or Remdesivir , the NIH does have a 50 % stake in Moderna ’ s vaccine,13 and the recognition that would come with a successful vaccine launch would certainly include Fauci .
He also has lots to lose — if nothing else , his pride — if Remdesivir doesn ’ t become a blockbuster , as his NIAID is sponsoring the clinical trials.14 The NIAID also supported the original research into Remdesivir , when it was aimed at treating Ebola.15 His @ @ @ @ @ @ @ see .
April 29 , 2020 , he stated16 Remdesivir “ has a clear-cut and significant positive effect in diminishing the time to recovery.
” How good is that ?
Patients on the drug recovered in 11 days , on average , compared to 15 days among those receiving a placebo .
Overall , the improvement rate for the drug was 31 % .
Meanwhile , research17 now shows hydroxychloroquine reduced mortality by 50 % when given early , and many doctors anecdotally claim survival rates close to 100 % .
This still @ @ @ @ @ @ @ , who continues insisting hydroxychloroquine is a bust.18 His stance on these two drugs certainly doesn ’ t make sense based on the data alone .
But it does make sense if he wants ( or has been instructed ) to protect the profits of Remdesivir .
As director of NIAID , which has been part of Remdesivir ’ s development from the start , why wouldn ’ t he want to see it become a moneymaker for the agency he dedicated his career to ?
It also makes sense when you consider @ @ @ @ @ @ @ for biodefense research , primarily vaccines but also diagnostics and drug therapies.19,20 Early in August 2020 , Russia announced they would begin vaccinating citizens with its own COVID-19 vaccine , despite not finishing large-scale human trials.21 The announcement drew skepticism from American infectious disease specialists , including Fauci , who said he has “ serious doubts ” that Russia ’ s COVID-19 vaccine is actually safe and effective.22 He ’ s probably right on that point .
It ’ s hard to imagine you can prove safety and effectiveness in a mere two @ @ @ @ @ @ @ vaccine efforts of the U.S. and EU are hardly bound to be significantly better , considering the many shortcuts that are being taken .
Plague of Corruption : ... Mikovits , Judy Buy New $ 16.51 Despite being in a position to know better , Fauci conveniently ignores the many failed attempts to create other coronavirus vaccines over the past two decades , including vaccines against SARS and MERS .
A paper23 by Eriko Padron-Regalado , “ Vaccines for SARS-CoV-2 : Lessons From Other Coronavirus Strains ” reviews some of these past experiences @ @ @ @ @ @ @ When recently asked for a rebuttal to criticism of his leadership during the pandemic , Fauci replied , “ I think you can trust me , ” citing his long record of service in government medicine .
However , that long service record is fraught with ethics and safety lapses .
For example , in 2005 , NPR reported27 the NIH tested novel AIDS drugs on hundreds of HIV-positive children in state foster care during the late 1980s and90s without assigning patient advocates to monitor the children ’ s health , as is @ @ @ @ @ @ @ Fauci was appointed director of the NIAID in 1984 .
The AIDS research was part of his research portfolio , and the AIDS research division reported directly to him , so these violations occurred on his watch.28 In 2008 , two NIH biomedical ethicists published a paper on the controversial practice of using wards of the state as guinea pigs , noting:29 The Chronic Fatigue Sy ... Ortleb , Charles Buy New $ 25.00 Under Fauci , the NIAID became the largest funder of HIV/AIDS in the world.30 Despite that , numerous articles @ @ @ @ @ @ @ activists have been less than satisfied with Fauci and the NIAID.31,32,33 A 1986 article stated:34 A July 23 , 2020 , article in Just the News lists several other safety and ethics problems that Fauci has been involved in through the years , including conflict of interest violations in vaccine research.35 Just the News also interviewed NIAID chief of ethics and regulatory compliance Dr. Jonathan Fishbein , whom the NIAID was forced to reinstate in 2005 after it was determined that Fishbein had been wrongly fired in retaliation for raising concerns about lack @ @ @ @ @ @ @ ’ s research:36 By now , you probably also know that the NIAID funded gain-of-function research on coronaviruses at the Wuhan Institute of Virology .
As reported by Newsweek:37 This money was not given directly , but rather funneled to the Wuhan lab via the EcoHealth Alliance .
According to a recent report by The Wall Street Journal,38 the NIH is now insisting EcoHealth Alliance submit all information and materials from the Wuhan lab before it ’ s allowed to resume funding .
Fauci is a longtime proponent of dangerous gain-of-function research .
@ @ @ @ @ @ @ published in the journal Nature on how “ the world needs new and creative ways to counter bioterrorism.
” Peter Duesberg and the ... Ortleb , Charles Buy New $ 10.99 With that , there can be little question about which team Fauci is on .
He ’ s on the side of drug and vaccine makers , and has been for decades .
There ’ s no money to be made by either the agency or its private collaborators from natural products such as vitamin D , vitamin C , quercetin or @ @ @ @ @ @ @ of these are dirt-cheap and off patent .
Fauci ’ s predictions for COVID-19 mortality have also turned out to be as inaccurate as all of his previous predictions .
In 1987 , he predicted heterosexual infection of HIV/AIDS would rise to 10 % by 1991 .
It never rose above 4 % .
He predicted the bird flu would result in 2 million to 7 million deaths .
In the end , the avian H5N1 flu killed 440 worldwide .
He sought billions of dollars to combat the threat of Zika , @ @ @ @ @ @ @ of an impact anywhere.40 When you look at his track record , you realize he ’ s predicted “ nightmare ” scenarios for decades , none of which have materialized .
Last but not least , Dr. Fauci serves on Bill Gates leadership council .
The Best of Joseph Mercola

At 79 years old, Dr. Anthony Fauci — who has served as the director of the National Institute of Allergy and Infectious Diseases (NIAID) since 1984 — has yet to come out with the “Big One” — a vaccine or infectious disease treatment that will allow him to retire with a victory under his belt.
He failed to create a successful vaccine for AIDS, SARS, MERS and Ebola. A COVID-19 vaccine is essentially his last chance to go out in a blaze of glory. As evidenced by his history, he will stop at nothing to protect Moderna’s COVID-19 vaccine and Gilead’s antiviral Remdesivir.
He even threw tried and true pandemic protocols out the window when COVID-19 hit, turning into an unquestioning spokesman for draconian liberty-stripping measures instead. To echo a question asked by Dr. Sal Martingano in his article,1 “Dr. Fauci: ‘Expert’ or Co-Conspirator,” why are we not questioning this so-called expert? Fauci: The Bernie Mado... Ortleb, Charles Buy New $5.99 (as of 02:55 UTC - Details)
Fauci ‘Has Been Wrong About Everything’
The risk we take when listening to Fauci is that, so far, he’s been wrong about most things. In a July 14, 2020, “Opposing View” editorial in USA Today, White House adviser Peter Navarro, director of the Office of Trade and Manufacturing Policy, stated that Fauci “has been wrong about everything that I have interacted with him on.”2 According to Navarro, Fauci’s errors in judgment include:3
•Opposing the ban on incoming flights from China in late January 2020.
•Telling the American people the novel virus outbreak was nothing to worry about well into February.
•Flip-flopping on the use of masks — first mocking people for wearing them, and then insisting they should. In fact, mid-July, he suddenly urged governments to “be as forceful as possible” on mask rules.4
•Claiming there was only anecdotal evidence supporting the use of hydroxychloroquine, when the scientific grounds for it go as far back as 2005, when the study,5 “Chloroquine Is a Potent Inhibitor of SARS Coronavirus Infection and Spread,” was published in the Virology Journal.
Fauci should have been well aware of this publication. According to that study,6 “Chloroquine has strong antiviral effects on SARS-CoV infection of primate cells. These inhibitory effects are observed when the cells are treated with the drug either before or after exposure to the virus, suggesting both prophylactic and therapeutic advantage,” the study authors said. In other words, the drug worked both for prevention and treatment.
As noted by Navarro, more recent research found hydroxychloroquine reduced the mortality rate among COVID-19 patients by 50% when used early.
Interestingly, in a March 24, 2020, interview7 with Chris Stigall, Fauci did say that — were he to speak strictly as a doctor treating patients — he would certainly prescribe chloroquine to COVID-19 patients, particularly if there were no other options.
Then, in August, he flipped back to insisting hydroxychloroquine doesn’t work,8 even though by that time, there were several studies demonstrating its effectiveness against COVID-19 specifically. A VOYAGE IN IMAGINATIO... Holmes, Dr Joel S Buy New $9.95 (as of 04:21 UTC - Details)
So, it appears Fauci has had a hard time making up his mind on this issue as well, on the one hand dismissing the drug as either untested or ineffective against COVID-19, and on the other admitting it would be wise to use, seeing how the options are so limited.
Navarro continues:9
“Now Fauci says a falling mortality rate doesn’t matter when it is the single most important statistic to help guide the pace of our economic reopening. The lower the mortality rate, the faster and more we can open. So when you ask me whether I listen to Dr. Fauci’s advice, my answer is: only with skepticism and caution.”
Fauci Has Done Nothing to Help Unite the Country
While Fauci claims to be exasperated by how political the pandemic has become,10 Robert F. Kennedy Jr. pointed out in an August 2, 2020, Instagram post11 that Fauci himself is, at least in part, part of the problem, as his double standards on hydroxychloroquine have done much to polarize and divide the nation:
“Fauci insists he will not approve HCQ for COVID until its efficacy is proven in ‘randomized, double blind placebo studies.’ To date, Dr. Fauci has never advocated such studies for any of the 72 vaccine doses added to the mandatory childhood schedule since he took over NIAID in 1984. Nor is he requiring them for the COVID vaccines currently racing for approval.
Why should chloroquine be the only remedy required to cross this high hurdle? HCQ is less in need of randomized placebo studies than any of these vaccines since its safety is well established after 60 years of use and decades on WHO’s listed of ‘essential medicines.’
Fauci’s peculiar hostility towards HCQ is consistent with his half century bias favoring vaccines and patent medicines. Dr. Fauci’s double standards create confusion, mistrust and polarization.”
In a June 10, 2020, article,12 Global Research also questioned Fauci’s many attempts to disparage the drug for no apparently valid reason; even promoting the fake (and ultimately retracted) Lancet study that claimed to show hydroxychloroquine was dangerous. At the end of the day, who benefits? Well, certainly it benefits the drug and vaccine industries, which seems to be where Fauci’s loyalties lie.
Fauci’s Bias Is Hard to Miss
Plague: One Scientist&... Mikovits, Judy Best Price: $29.55 Buy New $17.99 (as of 04:10 UTC - Details) While Fauci is not named on the patents of either Moderna’s vaccine or Remdesivir, the NIH does have a 50% stake in Moderna’s vaccine,13 and the recognition that would come with a successful vaccine launch would certainly include Fauci.
He also has lots to lose — if nothing else, his pride — if Remdesivir doesn’t become a blockbuster, as his NIAID is sponsoring the clinical trials.14 The NIAID also supported the original research into Remdesivir, when it was aimed at treating Ebola.15
His bias here is clear for anyone to see. April 29, 2020, he stated16 Remdesivir “has a clear-cut and significant positive effect in diminishing the time to recovery.” How good is that? Patients on the drug recovered in 11 days, on average, compared to 15 days among those receiving a placebo. Overall, the improvement rate for the drug was 31%.
Meanwhile, research17 now shows hydroxychloroquine reduced mortality by 50% when given early, and many doctors anecdotally claim survival rates close to 100%. This still isn’t good enough for Fauci, who continues insisting hydroxychloroquine is a bust.18
His stance on these two drugs certainly doesn’t make sense based on the data alone. But it does make sense if he wants (or has been instructed) to protect the profits of Remdesivir.
As director of NIAID, which has been part of Remdesivir’s development from the start, why wouldn’t he want to see it become a moneymaker for the agency he dedicated his career to? It also makes sense when you consider his primary job is to raise funds for biodefense research, primarily vaccines but also diagnostics and drug therapies.19,20
Fauci Doubts Safety of Russian Vaccine
Early in August 2020, Russia announced they would begin vaccinating citizens with its own COVID-19 vaccine, despite not finishing large-scale human trials.21 The announcement drew skepticism from American infectious disease specialists, including Fauci, who said he has “serious doubts” that Russia’s COVID-19 vaccine is actually safe and effective.22
Fauci conveniently ignores the many failed attempts to create other coronavirus vaccines over the past two decades, including vaccines against SARS and MERS.
He’s probably right on that point. It’s hard to imagine you can prove safety and effectiveness in a mere two months of trials. But the fast-tracked vaccine efforts of the U.S. and EU are hardly bound to be significantly better, considering the many shortcuts that are being taken. Plague of Corruption: ... Mikovits, Judy Buy New $16.51 (as of 02:59 UTC - Details)
Fauci Ignores Two Decades of Failed Coronavirus Vaccines
Despite being in a position to know better, Fauci conveniently ignores the many failed attempts to create other coronavirus vaccines over the past two decades, including vaccines against SARS and MERS. A paper23 by Eriko Padron-Regalado, “Vaccines for SARS-CoV-2: Lessons From Other Coronavirus Strains” reviews some of these past experiences. As noted in the Conservative Review:24
“Since their emergence in 2003 and 2012 respectively, no safe and efficacious human vaccines for either SARS-Cov1 or MERS have been developed.
Moreover, experimental non-human (animal model) evaluations of four SARS-Cov1 candidate vaccine types, revealed that despite conferring some protection against infection with SARS-Cov1, each also caused serious lung injury, caused by an overreaction of the immune system, upon viral challenge.25
Identical ‘hypersensitive-type’ lung injury occurred26 when mice were administered a candidate MERS-Cov vaccine, then challenged with infectious virus, negating the ostensible benefit achieved by their development of promising … ‘antibodies’ … which might have provided immunity to MERS-Cov.
These disappointing experimental observations must serve as a cautionary tale for SARS-Cov2 vaccination programs to control epidemic COVID-19 disease.”
NIAID Safety Controversies and Ethics Violations
When recently asked for a rebuttal to criticism of his leadership during the pandemic, Fauci replied, “I think you can trust me,” citing his long record of service in government medicine. However, that long service record is fraught with ethics and safety lapses.
For example, in 2005, NPR reported27 the NIH tested novel AIDS drugs on hundreds of HIV-positive children in state foster care during the late 1980s and90s without assigning patient advocates to monitor the children’s health, as is required by law in most states.
Fauci was appointed director of the NIAID in 1984. The AIDS research was part of his research portfolio, and the AIDS research division reported directly to him, so these violations occurred on his watch.28 In 2008, two NIH biomedical ethicists published a paper on the controversial practice of using wards of the state as guinea pigs, noting:29
“Enrolling wards of the state in research raises two major concerns: the possibility that an unfair share of the burdens of research might fall on wards, and the need to ensure interests of individual wards are accounted for … Having special protections only for some categories is misguided. Furthermore, some of the existing protections ought to be strengthened.”
The Chronic Fatigue Sy... Ortleb, Charles Buy New $25.00 (as of 05:11 UTC - Details) Under Fauci, the NIAID became the largest funder of HIV/AIDS in the world.30 Despite that, numerous articles over the years have discussed how AIDS activists have been less than satisfied with Fauci and the NIAID.31,32,33 A 1986 article stated:34
“If Fauci were less intent on amassing power within the federal health bureaucracy … he would have left AIDS treatment research with the NCI, where it began, relying on that institute’s proven expertise in organizing large, multisite clinical trials for cancer therapies.”
A July 23, 2020, article in Just the News lists several other safety and ethics problems that Fauci has been involved in through the years, including conflict of interest violations in vaccine research.35
Just the News also interviewed NIAID chief of ethics and regulatory compliance Dr. Jonathan Fishbein, whom the NIAID was forced to reinstate in 2005 after it was determined that Fishbein had been wrongly fired in retaliation for raising concerns about lack of safety in some of the agency’s research:36
“Fishbein said … Fauci failed to take responsibility for the managers and researchers working below him when signs of trouble emerged, allowing problems to persist until others intervened. ‘Fauci is all about Fauci,’ Fishbein said. ‘He loves being the headline. It’s his ego.’”
Fauci’s Connections to Wuhan Lab
By now, you probably also know that the NIAID funded gain-of-function research on coronaviruses at the Wuhan Institute of Virology. As reported by Newsweek:37
“In 2019, with the backing of NIAID, the National Institutes of Health committed $3.7 million over six years for research that included some gain-of-function work. The program followed another $3.7 million, 5-year project for collecting and studying bat coronaviruses, which ended in 2019, bringing the total to $7.4 million.”
This money was not given directly, but rather funneled to the Wuhan lab via the EcoHealth Alliance. According to a recent report by The Wall Street Journal,38 the NIH is now insisting EcoHealth Alliance submit all information and materials from the Wuhan lab before it’s allowed to resume funding.
Fauci is a longtime proponent of dangerous gain-of-function research. In 2003, he wrote an article39 published in the journal Nature on how “the world needs new and creative ways to counter bioterrorism.”
“We will pursue innovative approaches for modulating innate immunity to induce and enhance protection against many biological pathogens, as well as simple and rapid molecularly based diagnostics to detect, characterize and quantify infectious threats,” Fauci wrote. “These are lofty goals that may take many years to accomplish — but we must aspire to them. Third, we must enormously strengthen our interactions with the private sector, including biotechnology companies and large pharmaceutical corporations.
Many biodefence-related products that we are pursuing do not provide sufficient incentives for industry — the potential profit margin for companies is tenuous, and there is no guarantee that products would be used.
Therefore, we will seek non-traditional collaborations with industry, for example guaranteeing that products will be purchased if companies sign up … so that we can quickly make available effective vaccines and treatments …”
Peter Duesberg and the... Ortleb, Charles Buy New $10.99 (as of 05:03 UTC - Details) With that, there can be little question about which team Fauci is on. He’s on the side of drug and vaccine makers, and has been for decades. There’s no money to be made by either the agency or its private collaborators from natural products such as vitamin D, vitamin C, quercetin or its drug equivalent, hydroxychloroquine. All of these are dirt-cheap and off patent.
Prediction Track Record = Null
Fauci’s predictions for COVID-19 mortality have also turned out to be as inaccurate as all of his previous predictions. In 1987, he predicted heterosexual infection of HIV/AIDS would rise to 10% by 1991. It never rose above 4%.
He predicted the bird flu would result in 2 million to 7 million deaths. In the end, the avian H5N1 flu killed 440 worldwide. He sought billions of dollars to combat the threat of Zika, a virus that fizzled without making much of an impact anywhere.40
When you look at his track record, you realize he’s predicted “nightmare” scenarios for decades, none of which have materialized. Last but not least, Dr. Fauci serves on Bill Gates leadership council.
Sources and References
The Best of Dr. Joseph Mercola


lewrockwell--2020-09-04--The Collapsing Universities—and What We Can Do About It

America ’ s universities have been taken over by the left , but the way they are reacting to the fake Covid-19 crisis gives us a chance to reconstitute higher education on sound free-market principles .
In the name of “ diversity , ” academic standards have been gutted .
Here are some examples .
Emily Walton , a sociology professor at Dartmouth , teaches her students about “ ‘ white blindness ’ Everyone learns , but I find that the small handful of white students in the class usually learn the most .
That ’ s because for the @ @ @ @ @ @ @ begin to look at themselves as members of a racial group .
They understand that being a good person does not make them innocent but rather they , too , are implicated in a system of racial dominance .
After spending their young lives in a condition of ‘ white blindness , ’ that is , the inability to see their own racial privilege , they begin to awaken to the notion that racism has systematically kept others down while benefiting them and other white people.
” As Karen Kwiatkowski sums up the @ @ @ @ @ @ @ expression – we ’ ve observed and lived this for decades as political correctness , maturing into blanking , canceling , me-tooing and doxxing the other .
Strait-jacketing critical thought and destruction of the tools of debate , complete .
Instead of looking forward we look at the fearful horde beside us and wonder what it is thinking and what direction it will take in order to inform our decisions – which will be to conform with it , lest we become oblivion.
” Dumbing Us Down -25th ... John Taylor Gatto Best @ @ @ @ @ @ @ 7.69 The brilliant young engineering student Atilla Mert Sulker points out that the diversity poison has spread to the STEM disciplines ( Science , Technology , Engineering , and Mathematics ) .
“ The effort to ‘ close the gender gap ’ in STEM represents a preference for minority status over merit that deems a student ’ s performance less important than her female-ness .
Yet it only hurts individuals to put them in a field in which they will be unhappy or perform poorly , regardless of gender .
If an individual @ @ @ @ @ @ @ averse to the risk of possibly burning out and forgoing a good grade , then maybe STEM isn ’ t the right field .
STEM curricula are deliberately rigorous , as their subjects are not easy , and bridges tend to collapse when things go wrong .
This is why there are weed-out classes to discourage students from pursuing them lightly.
” As if this wasn ’ t bad enough , many universities are imposing draconian restrictions on students to cope with Covid-19 .
Jordan Schachtel has written an important article about this @ @ @ @ @ @ @ university has announced that there will be weekly mandatory tests … If any student refuses to take the COVID-19 test , they are subject to suspension or expulsion .
Students are not making friends with their classmates … No one can recognize who ’ s who with a mask on , so there has been a significant increase of phone usage on campus and a significant decrease of socialization .
Students show up for their in-person class , sit there , and head back to their apartment as soon as they are finished @ @ @ @ @ @ @ online before the semester is over .
We all suspect that the university is postponing the move so that they can get the full tuition without much grounds for a lawsuit.
” At the University of Iowa , “ They have ‘ isolation dorms ’ for COVID kids , but they are horrid .
Guys in hazmat suits come … 2 week isolation , no visitors .
Nurse on call but up to 3 hour wait if you need something … kids at school now are not getting tested so they don ’ @ @ @ @ @ @ @ ” At St. Lawrence University , “ 1 positive case out of 2k tests .
Kids limited to ‘ family groups ’ and no more than four in dorm room .
Masks when outside dorm and wrist band indicates you can go outdoors .
Very limited social interaction.
” The Underground Histor ... John Taylor Gatto , Ric ... Best Price : $ 16.21 Buy New $ 16.27 At Creighton University , “ 11 days to get the required COVID test back .
Isolated the whole time .
No in person eating at @ @ @ @ @ @ @ in the heat with masks for hours .
Masks 24/7 on campus inside and out .
Social isolation .
2 classes a week in person , everything else virtual .
Can ’ t come home until end of fall semester as you can ’ t travel more than 100 miles from Omaha .
Aren ’ t allowed to go anywhere or do anything except local restaurant pick ups and run to the store .
If you are mildly exposed to a person with COVID , 14 day mandatory quarantine.
” The universities will @ @ @ @ @ @ @ these restrictions to cope with a raging pandemic , but they are lying .
University students have almost no risk of dying from Covid-19 .
Bill Sardi says , “ In the first 8 months of 2020 there were only ~1200 excess deaths per month or 40 extra deaths per day exclusively due to COVID-19 coronavirus infections , with 80 % of those among American age 65 and older .
By extrapolation , there were only ~8 excess COVID-19 only deaths per day among working-age adults and school-age children.
” In order to @ @ @ @ @ @ @ we need to bear in mind something essential .
The crisis did not begin with the diversity movement .
After World War II , the government began a long-term effort to take over higher education .
As Tom DiLorenzo has pointed out , “ The damage caused by the program was much more than fiscal .
It made the centralization of education possible for the first time in American history .
That in turn opened the door to the ruinous politicization of higher education that has marked the past half century .
The @ @ @ @ @ @ @ accrediting agency .
.
.After the Second World War , the federal government used various college accrediting agencies to ostensibly guarantee a quality education for veterans .
Only accredited schools could receive G.I .
Bill funds , so the accrediting agencies quickly transformed themselves .
They became the gatekeepers of the tax money and virtual adjuncts of federal power .
This gatekeeper role expanded as federal funding of higher education escalated .
.
.
This new world arrived almost immediately , as virtually every college and university in the country clamored for money @ @ @ @ @ @ @ traditional standards .
This infusion of tax dollars created , notes Robert Nisbet , ‘ the single most powerful agent of change that we can find in the university ’ s long history.
’ Had anyone objected at the time , he would have been put down as selfish and undemocratic .
Weapons of Mass Instru ... Gatto , John Taylor Best Price : $ 4.94 Buy New $ 2.99 Today , accreditation agencies , private in name only , have tremendous power over colleges and universities , and they are slavish to @ @ @ @ @ @ @ these agencies are the major source of political correctness and big-government ideology on college campuses.
” What can we do about this disaster ?
Karen Kwiatkowski is right .
With the Covid-19 restrictions , universities have gone too far .
Students are fed up , and law suits for failing to fulfill contractual obligations may ruin many universities .
She says .
“ One of the worst things that can happen to a state is to appear ridiculous .
Especially in the eyes of the young , who have had their expectations disappointed @ @ @ @ @ @ @ their elders shown to be idiotic and frightened , their government greedy , avaricious , sadistic .
The state itself has assisted the liberty movement , with its lumbering broad-brush sadism .
It far prefers physical destruction , marches and riots , police brutality and the outright rage of its citizens to the cuts of a thousand poems – and 40 million awakening children who suddenly become aware that the King is buck naked , ugly , angry , vile , and simultaneously weak and wasted.
” There is an additional reason we @ @ @ @ @ @ @ skepticism , even if the leftists get tired of Covid-19 and move on to some other craze .
Tuition costs are enormous , and most students have to assume crippling loan burdens to get by .
“ Today , roughly 70 % of American students end up taking out loans to go to college .
The average graduate leaves school with around $ 30,000 in debt and all told , some 45 million Americans owe $ 1.6 trillion in student loans — and counting.
” Most of these loans can ’ t be @ @ @ @ @ @ @ have to work decades to pay them off .
What makes this even worse is that most of the tuition money goes into building lavish and unneeded buildings , perks for administrators , and “ diversity ” programs that undermine our culture .
“ Die-versity ” is a better name for these programs .
The university was one of the foremost institutions of the High Middle Ages , and it is sad that the contemporary American university has sunk so low from the heights of medieval Oxford , Cambridge , Paris , and @ @ @ @ @ @ @ .
What then can students and their parents who are fed up do ?
Private education and homeschooling are blossoming , creating a wide variety of choices for families and students .
I confess that one such alternative institution is foremost in my mind .
A long-held vision of both Ludwig von Mises and Murray N. Rothbard is now a reality .
Their vision ?
A graduate school of Austrian economics .
Throughout its nearly forty-year history , the Mises Institute has been focused on providing support to students of other educational institutions @ @ @ @ @ @ @ freedom and inspiring them to go on to teach at the university level is and has been a priority for the Institute .
Excellent service that is personal , responsive , and geared towards assisting students in reaching their individual educational and career goals has been emblematic of all Mises Institute programs .
At the Mises Institute , we aim to continue the tradition of education so eloquently expressed by Ludwig von Mises and Murray Rothbard were among the highest exemplars of the values of Western civilization , and this is what we @ @ @ @ @ @ @ The Best of Llewellyn H. Rockwell , Jr .

America’s universities have been taken over by the left, but the way they are reacting to the fake Covid-19 crisis gives us a chance to reconstitute higher education on sound free-market principles.
In the name of “diversity,” academic standards have been gutted. Here are some examples. Emily Walton, a sociology professor at Dartmouth, teaches her students about “ ‘white blindness’ Everyone learns, but I find that the small handful of white students in the class usually learn the most. That’s because for the first time in their lives, they begin to look at themselves as members of a racial group. They understand that being a good person does not make them innocent but rather they, too, are implicated in a system of racial dominance.
After spending their young lives in a condition of ‘white blindness,’ that is, the inability to see their own racial privilege, they begin to awaken to the notion that racism has systematically kept others down while benefiting them and other white people.”
As Karen Kwiatkowski sums up the situation: “Imprisonment of speech and expression – we’ve observed and lived this for decades as political correctness, maturing into blanking, canceling, me-tooing and doxxing the other. Strait-jacketing critical thought and destruction of the tools of debate, complete. Instead of looking forward we look at the fearful horde beside us and wonder what it is thinking and what direction it will take in order to inform our decisions – which will be to conform with it, lest we become oblivion.” Dumbing Us Down -25th ... John Taylor Gatto Best Price: $4.94 Buy New $7.69 (as of 09:20 UTC - Details)
The brilliant young engineering student Atilla Mert Sulker points out that the diversity poison has spread to the STEM disciplines (Science, Technology, Engineering, and Mathematics). “The effort to ‘close the gender gap’ in STEM represents a preference for minority status over merit that deems a student’s performance less important than her female-ness. Yet it only hurts individuals to put them in a field in which they will be unhappy or perform poorly, regardless of gender. If an individual, no matter how gifted, is averse to the risk of possibly burning out and forgoing a good grade, then maybe STEM isn’t the right field.
STEM curricula are deliberately rigorous, as their subjects are not easy, and bridges tend to collapse when things go wrong. This is why there are weed-out classes to discourage students from pursuing them lightly.”
As if this wasn’t bad enough, many universities are imposing draconian restrictions on students to cope with Covid-19. Jordan Schachtel has written an important article about this. At Baylor University, “The university has announced that there will be weekly mandatory tests … If any student refuses to take the COVID-19 test, they are subject to suspension or expulsion. Students are not making friends with their classmates … No one can recognize who’s who with a mask on, so there has been a significant increase of phone usage on campus and a significant decrease of socialization. Students show up for their in-person class, sit there, and head back to their apartment as soon as they are finished with classes. Everyone expects to move online before the semester is over. We all suspect that the university is postponing the move so that they can get the full tuition without much grounds for a lawsuit.”
At the University of Iowa, “They have ‘isolation dorms’ for COVID kids, but they are horrid. Guys in hazmat suits come … 2 week isolation, no visitors. Nurse on call but up to 3 hour wait if you need something … kids at school now are not getting tested so they don’t get sentenced to the isolation prisons.”
At St. Lawrence University, “1 positive case out of 2k tests. Kids limited to ‘family groups’ and no more than four in dorm room. Masks when outside dorm and wrist band indicates you can go outdoors. Very limited social interaction.” The Underground Histor... John Taylor Gatto, Ric... Best Price: $16.21 Buy New $16.27 (as of 09:50 UTC - Details)
At Creighton University, “11 days to get the required COVID test back. Isolated the whole time. No in person eating at the dorms as a norm. Training in the heat with masks for hours. Masks 24/7 on campus inside and out. Social isolation. 2 classes a week in person, everything else virtual. Can’t come home until end of fall semester as you can’t travel more than 100 miles from Omaha. Aren’t allowed to go anywhere or do anything except local restaurant pick ups and run to the store. If you are mildly exposed to a person with COVID, 14 day mandatory quarantine.”
The universities will tell you that they need to impose these restrictions to cope with a raging pandemic, but they are lying. University students have almost no risk of dying from Covid-19. Bill Sardi says, “In the first 8 months of 2020 there were only ~1200 excess deaths per month or 40 extra deaths per day exclusively due to COVID-19 coronavirus infections, with 80% of those among American age 65 and older. By extrapolation, there were only ~8 excess COVID-19 only deaths per day among working-age adults and school-age children.”
In order to understand what is happening to universities, we need to bear in mind something essential. The crisis did not begin with the diversity movement. After World War II, the government began a long-term effort to take over higher education. As Tom DiLorenzo has pointed out, “The damage caused by the program was much more than fiscal. It made the centralization of education possible for the first time in American history. That in turn opened the door to the ruinous politicization of higher education that has marked the past half century.
The tool used by government was the college accrediting agency. . .After the Second World War, the federal government used various college accrediting agencies to ostensibly guarantee a quality education for veterans. Only accredited schools could receive G.I. Bill funds, so the accrediting agencies quickly transformed themselves. They became the gatekeepers of the tax money and virtual adjuncts of federal power. This gatekeeper role expanded as federal funding of higher education escalated. . . This new world arrived almost immediately, as virtually every college and university in the country clamored for money and students, and willingly threw out traditional standards. This infusion of tax dollars created, notes Robert Nisbet, ‘the single most powerful agent of change that we can find in the university’s long history.’ Had anyone objected at the time, he would have been put down as selfish and undemocratic. Weapons of Mass Instru... Gatto, John Taylor Best Price: $4.94 Buy New $2.99 (as of 03:50 UTC - Details)
Today, accreditation agencies, private in name only, have tremendous power over colleges and universities, and they are slavish to government’s agenda. Today, these agencies are the major source of political correctness and big-government ideology on college campuses.”
What can we do about this disaster? Karen Kwiatkowski is right. With the Covid-19 restrictions, universities have gone too far. Students are fed up, and law suits for failing to fulfill contractual obligations may ruin many universities. She says. “One of the worst things that can happen to a state is to appear ridiculous.
Especially in the eyes of the young, who have had their expectations disappointed, their plans disrupted by mandate, their elders shown to be idiotic and frightened, their government greedy, avaricious, sadistic.
The state itself has assisted the liberty movement, with its lumbering broad-brush sadism. It far prefers physical destruction, marches and riots, police brutality and the outright rage of its citizens to the cuts of a thousand poems – and 40 million awakening children who suddenly become aware that the King is buck naked, ugly, angry, vile, and simultaneously weak and wasted.”
There is an additional reason we should view today’s universities with skepticism, even if the leftists get tired of Covid-19 and move on to some other craze. Tuition costs are enormous, and most students have to assume crippling loan burdens to get by. “Today, roughly 70% of American students end up taking out loans to go to college. The average graduate leaves school with around $30,000 in debt and all told, some 45 million Americans owe $1.6 trillion in student loans — and counting.” Most of these loans can’t be discharged through bankruptcy, and students may have to work decades to pay them off. What makes this even worse is that most of the tuition money goes into building lavish and unneeded buildings, perks for administrators, and “diversity” programs that undermine our culture. “Die-versity” is a better name for these programs.
The university was one of the foremost institutions of the High Middle Ages, and it is sad that the contemporary American university has sunk so low from the heights of medieval Oxford, Cambridge, Paris, and Salamanca. But we must face facts. What then can students and their parents who are fed up do? Private education and homeschooling are blossoming, creating a wide variety of choices for families and students.
I confess that one such alternative institution is foremost in my mind. A long-held vision of both Ludwig von Mises and Murray N. Rothbard is now a reality. Their vision? A graduate school of Austrian economics.
Throughout its nearly forty-year history, the Mises Institute has been focused on providing support to students of other educational institutions. Helping students discover the economics of freedom and inspiring them to go on to teach at the university level is and has been a priority for the Institute. Excellent service that is personal, responsive, and geared towards assisting students in reaching their individual educational and career goals has been emblematic of all Mises Institute programs.
At the Mises Institute, we aim to continue the tradition of education so eloquently expressed by Ludwig von Mises and Murray Rothbard were among the highest exemplars of the values of Western civilization, and this is what we endeavor to transmit to our students.
The Best of Llewellyn H. Rockwell, Jr.


lewrockwell--2020-09-04--Digital Currency: The End Of American Entrepreneurship & Small Business

“ Permit me to issue and control the money of a nation , and I care not who makes its laws.
” — Mayer Amschel Rothschild They call it Fintech .
It will abolish American entrepreneurship and obliterate small business enterprises .
FINancial TECHnology that will rule over the lives of everyone on the planet , rich or poor , is due to be unleashed in January of 2021 under what the International Monetary Fund calls a GLOBAL RESET .
To make this happen , banks will be closing branches under the pretense its workers are quitting over fear of @ @ @ @ @ @ @ customer to bank teller .
Intentional central bank induced inflation will crush the purchasing power of the American dollar .
Then there will be pre-planned shortages of cash and coin that will force the public to beg for currency reform – the elimination of paper money and its replacement with a digital money card , what the World Economic Forum calls THE 4TH DIGITAL INDUSTRIAL REVOLUTION .
Beyond Blockchain : The ... Townsend , Erik Best Price : $ 23.95 Buy New $ 24.95 Digital money will be global , not just local @ @ @ @ @ @ @ the people on Earth earn $ 10 a day or less ) will perceive this “ equity card ” as evening-up the playing field .
Kind of like everybody getting an American Express Platinum Card .
Everybody can get credit and with collateral make loans , even a poor farmer in Africa .
At least that is what the globalist bankers claim .
Making the public beg for a new currency A report posted at Deutsche Welle ( DW.com ) states : “ Worried about citizens abandoning central-bank-backed cash in favor of privately @ @ @ @ @ @ @ Bank set up a task force .
The aim is not to promote a digital euro per se but to be ready to issue it if citizens demand it.
” Of course , no mention how the banksters are stealthily ushering in the demise of paper money and then plan to coerce the population to beg for relief with their digital alternative .
Slanted research studies ( frankly , just plain propaganda ) have already been spread to induce undue fear of paper money .
The news media quotes studies which show banknotes @ @ @ @ @ @ @ human viral particles can “ survive ” on a banknote for up to 17 days , with one-dollar/five-dollar notes changing hands more than 100 times per year on average .
That is the current coronavirus dogma .
This is nothing more than planted malarky as viruses are not alive and even the Centers for Disease Control now concedes the way viruses are spread to another human respiratory system is via airborne transmission from lung to lung , not by hand/surface contact .
While banknotes may harbor bacteria , no outbreaks of any disease @ @ @ @ @ @ @ .
Only laboratory simulations make such a claim .
An MIT report dismisses the idea paper money spreads infectious disease .
Facebook : Libra - GLOB ... Eindhoven , DR. Marcus Buy New $ 3.49 Regardless of these facts .
The World Health Organization issued a warning ( March 8 , 2020 ) that handling paper money can spread the COVID-19 coronavirus .
Businesses then began to shun paper money and insist upon debit/credit card purchases .
The Brinks truck just went the way of the buggy whip .
If paper money did @ @ @ @ @ @ @ spread of respiratory viruses , that would not explain why cold , influenza and coronaviruses arise during winter when sunshine vitamin D levels are low .
And bank tellers have not been identified as being any more ill than the rest of the population .
But we now live in a world of “ fake news.
” TV newscasters do the thinking for mindless spectator Americans .
This is why Americans are frequently called “ sheeple.
” For example , Americans pointlessly wear face masks while driving when they are the only party @ @ @ @ @ @ @ Americans dutifully do as they are told and wear face masks even though there is no legislative mandate , forgetting the country was started by opposition to ( British ) authority .
Now that it has become apparent the COVID-19 coronavirus deaths were overstated by 80 % to falsely heighten public fear and prep the masses to beg for vaccination , will Americans ever realize they have been conned ?
The largesse of this scam created its believability .
TV can instill misplaced fear like no other medium .
The American public doesn @ @ @ @ @ @ @ people who are infected the more who will need to be vaccinated .
The news media parrots all of the pro-vaccine misinformation for public health agencies that have financial conflicts of interest .
Rigged : Exposing the L ... Englert , Stuart Best Price : $ 15.32 Buy New $ 14.96 Did you hear about the ATM machine that killed a baby ?
There will be more and more reports planted in the news media that will frighten the public to fear paper money .
Anticipate some fear-evoking story , like a mother @ @ @ @ @ @ @ a bank ATM machine and unknowingly infected her newborn baby who then died from an infectious disease that was caused by the very same pathogen found on the paper money that the child ’ s mother withdrew from the ATM machine .
ATMs kill !
The mother is also blamed for not vaccinating her infant child immediately after birth .
This kind of made-up story would “ kill two birds with one stone , ” creating an unfounded fear of paper money and guilt over refusal to vaccinate .
Little do Americans realize @ @ @ @ @ @ @ banks and government complete control over its citizenry .
The World Economic Forum , the instigator of the COVID-19 coronavirus pandemic ( sponsored Event 201 that was supposedly an exercise for the pandemic that was to come ) wants to link the issuance of a digital currency card with clearance that a person has been vaccinated .
Employers that don ’ t require their employees to undergo immunization will face having their digital currency card turned off .
It is well enough that people of the nation do not understand our banking and @ @ @ @ @ @ @ , I believe there would be a revolution before tomorrow morning .
~ Henry Ford False promises of helping the poor , women , and the unbanked The hidden agenda behind the COVID-19 coronavirus pandemic is centered around abandonment of paper money and coin with forced substitution of digital currency that will falsely promise to help the poor and unbanked and make them more equal ( and less racist ) with the rest of the world .
The Zero Interest Trap Hochreiter , Gregor Best Price : $ 12.16 Buy New $ 19.00 @ @ @ @ @ @ @ speed payments , protect privacy , reduce costs , represent the unbanked and offer value-added services ( health , transportation , education , food , an endless list of extra benefits ) , the global digital money card will be touted as the only alternative to another contrived crisis .
Proponents of digital banking point to a survey which shows 76 % of respondents said “ the economy of my country is rigged to advantage the rich and powerful.
” Public sentiment may cause the public to prefer the digital card over paper @ @ @ @ @ @ @ have no feeling they have any financial stake in America .
Digital banking will result in the end of local bank branches and globalize regulations so banks can become global , not local .
Without paper money and coin , traditional bank branches will be abandoned , all financial transactions , personal and commercial , will be performed online or on the telephone – home loans , auto loans , etc .
Where are they taking us ?
Bank branches as we know them today will no longer exist in the future .
@ @ @ @ @ @ @ Now they will only exist in electronic space .
MoneyWise says over 80 % of US consumer spending was cashless in 2017 .
No more brick and mortar banks .
Not even an ATM machine will be needed as currency and coin are no more .
I have to repetitively make this point because it may be difficult for Americans to imagine this , given that banks are a part of the landscape of modern America .
Here today , gone tomorrow , just like road maps that are now replaced by GPS @ @ @ @ @ @ @ .
But this is the physical vanishment of an entire American institution .
That safe looking building with Greek columns and a giant vault in your town is to be no more .
Bank robbery would also be a crime of the past .
Ironically , the public is all wearing face masks while the banksters are robbing us blind .
In 1995 , billionaire philanthropist Bill Gates , who founded the BETTER THAN CASH ALLIANCE said : “ Banks are dinosaurs , they can be bypassed.
” What is driving this change @ @ @ @ @ @ @ Jay Nock Best Price : $ 9.84 Buy New $ 9.95 What is the driver behind these rapid changes in banking ?
– – – Competition .
Challenger banks are disrupting traditional banking models , rapidly making inroads into the sector ’ s profits by offering digitalized alternatives .
Alibaba and Google are moving into the loan business .
Banks are going to compete with the likes of Amazon , Facebook and Apple… TechFins pose a bigger threat to banks than any other disruption .
A bank reform leader , Genpact , says @ @ @ @ @ @ @ me than my bank knows about me that becomes an existential challenge for banks.
” Genpact : “ Banks will need to compete with the likes of Amazon on customer experience , while also offering something deeper , be it through relationships and service , boosting businesses and communities , or taking a stand on global issues to engender trust… .
Banks will transition from offering financial services to enabling financial betterment.
” Of course , the definition of betterment will be themselves , not the banking public .
Mark Carney , Governor @ @ @ @ @ @ @ a contrarian position : “ Many citizens in advanced economies are facing heightened uncertainty , lamenting a loss of control and losing trust in the system .
Rather than a new golden era , globalization is associated with low wages , insecure employments , stateless corporations and striking inequalities.
” Genpact poses itself to be an answer to these problems with what it calls “ optimized reality , ethical impact and whole-system planning.
” GenPact says banks will even use automated intelligence ( AI ) to determine the mood of their customers and @ @ @ @ @ @ @ mental frameworks .
The Coming Cashless So ... Demy , Timothy J .
Best Price : $ 2.25 Buy New $ 45.01 The banks will be so tech-driven that an article in Global Finance Magazine says “ the bank of the future could even , conceivably , be led by a robot CEO .
It will be AI driven.
” How do you fire a robot ?
How do you sue a robot ?
Banks will use AI to become instinctive , says Genpact , to know what customers need before they themselves @ @ @ @ @ @ @ the forward thinking for them .
GenPact pretends the new neo-banks will “ enable people and businesses.
” In reality , neo-banks will destroy entrepreneurship and small business .
Neo-banks will not just expand into offering safer investment products , they intend to expand into every industry , health , medicine , food , auto , travel , insurance , vitamins , even dog shampoo services .
Like Amazon and Facebook are now doing , these neo-banks will begin to create their own covert brands .
Order vitamin pills at Amazon today and @ @ @ @ @ @ @ brands are ranked at the top of the order page and given outstanding customer reviews .
Amazon and Facebook steal business from their own vendors who post-up products for sale at Amazon .
For example , bankers will add cell phone apps to monitor blood pressure , body temperature , pulse rate , and then AI will book appointments with doctors , and the public will be reminded to vaccinate against the flu , and take their medicines on time .
Now , if you have high blood pressure and you order a @ @ @ @ @ @ @ the AI-driven digital money card may balk , knowing that is not best for your health .
Remember this audio scenario that was created over a decade ago ?
( Click to view ) ORDERING A PIZZA IN THE FUTURE An unspoken objective of the COVID-19 lockdown has been to force small businesses out of operation .
Soon neo-banksters are going to control everything , from buying a house , to scheduling a massage and being reminded you need booster flu shots .
There isn ’ t going to be any small business @ @ @ @ @ @ @ Leonard , Cheryl Buy New $ 2.99 Just how will neo-banks , that are putting so many people out of business , thrive off of consumers who have been displaced from their jobs and are living on guaranteed income payments from the government ?
Of course , these payments will be directly placed on the digital equity card .
As an aside , the US Gross Domestic Product ( GDP ) is headed to being a measure of welfare rather than productivity .
Can you imagine ?
Neo-banks will do all this under @ @ @ @ @ @ @ gender equality , sustainability , and penalize customers who purchase goods or services from companies who don ’ t have a good “ planet score.
” The bank will be making “ moral decisions ” in place of customers who are supposed to do that .
The bank ’ s world view ( Green New Deal , climate change , global warming ) will be forced on its depositors .
Advocates of digital money point to The People ’ s Bank of China that has ability to monitor Digital Currency Electronic Payments ( @ @ @ @ @ @ @ improve the efficacy of monetary and fiscal policy operations as well as make it easier to fight financial crimes including money laundering and the financing of terrorism .
Monitoring monetary transactions via digital currency will significantly strengthen the Chinese government ’ s social credit scoring system , used to control its citizens by reward or punishment of certain behaviors .
Basically , the more citizens that use DCEP instead of physical cash , the more the government can monitor and control their lives , ” says a report posted by the Atlantic Council @ @ @ @ @ @ @ who you think knows you Staying connected and building accumulated experiences will foster trust with the customer and will be the doorway for banks to offer all these added products and services that today are outside of a traditional bank ’ s menu .
Here is the way bankers explain it : “ If you ’ re playing Taylor Swift ’ s latest hits on the Amazon Alexa ( voice-activated assistant ) , the next step is probably , ‘ Alexa , buy this album ’ ; and then it ’ s not @ @ @ @ @ @ @ ‘ Alexa remortgage my house ’ , ” says a report in Global Finance Magazine .
What FinTech appears to be offering is banking on a bankers ’ terms , not the public ’ s terms .
The greater benefits accrue to government and the banksters in a digital money system .
Government is going to love digital money .
A switch from paper to digital money means hundreds of billions of dollars of increased tax revenues for the federal government .
Digital money brings more income-earning activities out from the shadows and @ @ @ @ @ @ @ IRS estimates the US lost $ 500 billion in tax revenues in 2012 due to unreported income .
Now 100 % of that will be reported and appropriately taxed .
Then there is an obvious savings from not having to print billions of bank notes each year – a savings of ~ $ 700 million/year .
Another benefit derived from digital money is inherent invulnerability to counterfeiting .
However Central Bank Digital Currency ( CBDCs ) could , via hacking , put money at risk for electronic counterfeiting on a more massive scale @ @ @ @ @ @ @ airtight .
The benefits of digital banking are huge for banksters According to Genpact , a company that is fashioning transition of brick and mortar banks to digital banks , the banking industry spends $ 270 billion on compliance costs and 10-15 % on governance , risk management and training its workforce .
Much of these expenses will be eliminated , including thousands of bank jobs .
There are ~472,000 bank tellers in the US who may soon be job hunting .
As of August 5 , 2020 , there was $ 1.95 @ @ @ @ @ @ @ circulation .
The public will likely be given an expiration date for this paper money .
If all these predicted events go down , let ’ s hope our paper money is converted to digital at a 1-to-1 value .
Then there is another $ 500 billion in US paper money overseas that will need to be repatriated .
The banks will now be automatically buoyed by $ 1.95 trillion + $ 500 billion of added reserves .
Bank depositors will benefit from a digital money card , but only in small ways @ @ @ @ @ @ @ Summit & FinTech Awards explains that FinTechs typically offer “ better user experience , cheaper prices and a dedicated focus on solving a specific problem.
” But these small savings won ’ t elevate any American ’ s income bracket by any measure .
The benefits to consumers from the digital neo-dollar will be marginal .
Bankers ’ objective is to make everyone a debt slave .
In foreign trade , the US dollar is used as the currency of exchange .
“ A sovereign digital currency ” is posed as an effective @ @ @ @ @ @ @ ” There wouldn ’ t be as much forced demand for the US dollar and its value would likely drop in international trade .
Then foreign-made goods would cost more .
Digital central banks can also impose negative interest rates on holders of digital money , something a central bank can not do with cash .
This represents confiscation of money .
Another drawback is that Digital Electronic Currency Payments ( DCEP ) take away the anonymity of cash transactions , reducing personal privacy and handing the government a powerful tool to monitor @ @ @ @ @ @ @ knows how much money your earned and how much you spent , but now it is going to know where every dime went .
It ’ s all over for cash-based businesses ( street vendors , restaurants , lawn services , babysitters , laundromats , vending machines , ice cream trucks ) who are already being “ disintermediated.
” Vending machines and laundromats will have to re-tool .
Even street beggars are out of business .
It has also been suggested that the Digital Electronic Currency Payments ( DCEP ) that come along @ @ @ @ @ @ @ international payment transactions , especially as an alternative to the SWIFT system that handles wire transfer of funds .
Digital money and the disappearance of paper money is inevitable Plans are already underway .
The Federal Reserve has announced it is building and testing a hypothetical digital currency , equivalent of cash .
God knows , government probably has a digital currency all ready to go .
Central Bank Digital Currency ( CBDC ) —fiat currency issued by central banks in digital form—has progressed in the past few years from a bold speculative @ @ @ @ @ @ @ than 80 % of central bank respondents to a Bank for International Settlements survey in 2019 reported engagement in CBDC projects .
Banks are planning but not telling their depositors what they have in mind .
To survive , business consultants say nearly every company will have to be a financial services company .
Uber and Lyft now provide financial services for their drivers , creating in-house bank accounts so it can immediately pay drivers as they earn money .
What is not said is that Uber and Lyft essentially get to keep @ @ @ @ @ @ @ account , never leaving their bank and using their workers ’ money without any return .
It ’ s kind of like working for the coal mine and being forced to buy from the company store .
The Future of Banking Is … You ’ re Broke Our present financial ruin is being turned into a business model .
– Molly Wood , WIRED “ Our present financial ruin is being turned into a business model.
” In her discourse entitled THE FUTURE OF BANKING IS .
.
.
YOU ’ RE BROKE @ @ @ @ @ @ @ percent of Americans live paycheck to paycheck .
.
.
there is the idea that the solution to our financial woes can be found in a more convenient , higher-tech , friendlier-named digital bank .
The economy is sick and digital money is part of the problem , not the solution A second problem is more serious .
Ultimately , no amount of friendly design , accessible features , and overdraft protections will solve the underlying problems that made these services necessary in the first place .
No neo-bank can erase the student @ @ @ @ @ @ @ wages or the unexpected medical expenses or the crippling reality of America ’ s existential brokeness .
The neo-banks have promised that they ’ ll ease your pain , but that ’ s just morphine for the real condition .
When it comes to the actual sickness , you ’ re still on your own .
”

“Permit me to issue and control the money of a nation,
and I care not who makes its laws.”
— Mayer Amschel Rothschild
They call it Fintech. It will abolish American entrepreneurship and obliterate small business enterprises.
FINancial TECHnology that will rule over the lives of everyone on the planet, rich or poor, is due to be unleashed in January of 2021 under what the International Monetary Fund calls a GLOBAL RESET.
To make this happen, banks will be closing branches under the pretense its workers are quitting over fear of transmission of the COVID-19 coronavirus from bank customer to bank teller. Intentional central bank induced inflation will crush the purchasing power of the American dollar. Then there will be pre-planned shortages of cash and coin that will force the public to beg for currency reform – the elimination of paper money and its replacement with a digital money card, what the World Economic Forum calls THE 4TH DIGITAL INDUSTRIAL REVOLUTION. Beyond Blockchain: The... Townsend, Erik Best Price: $23.95 Buy New $24.95 (as of 03:36 UTC - Details)
Digital money will be global, not just local. The poor (nearly 3/4ths of the people on Earth earn $10 a day or less) will perceive this “equity card” as evening-up the playing field. Kind of like everybody getting an American Express Platinum Card. Everybody can get credit and with collateral make loans, even a poor farmer in Africa. At least that is what the globalist bankers claim.
Making the public beg for a new currency
A report posted at Deutsche Welle (DW.com) states: “Worried about citizens abandoning central-bank-backed cash in favor of privately run digital currencies, the European Central Bank set up a task force. The aim is not to promote a digital euro per se but to be ready to issue it if citizens demand it.” Of course, no mention how the banksters are stealthily ushering in the demise of paper money and then plan to coerce the population to beg for relief with their digital alternative.
Fear of paper money
Slanted research studies (frankly, just plain propaganda) have already been spread to induce undue fear of paper money. The news media quotes studies which show banknotes host around 26,000 colonies of bacteria and human viral particles can “survive” on a banknote for up to 17 days, with one-dollar/five-dollar notes changing hands more than 100 times per year on average. That is the current coronavirus dogma.
This is nothing more than planted malarky as viruses are not alive and even the Centers for Disease Control now concedes the way viruses are spread to another human respiratory system is via airborne transmission from lung to lung, not by hand/surface contact.
While banknotes may harbor bacteria, no outbreaks of any disease have been linked with handling paper money. Only laboratory simulations make such a claim. An MIT report dismisses the idea paper money spreads infectious disease. Facebook: Libra - GLOB... Eindhoven, DR. Marcus Buy New $3.49 (as of 05:13 UTC - Details)
Regardless of these facts. The World Health Organization issued a warning (March 8, 2020) that handling paper money can spread the COVID-19 coronavirus. Businesses then began to shun paper money and insist upon debit/credit card purchases. The Brinks truck just went the way of the buggy whip.
If paper money did in fact play a role in the spread of respiratory viruses, that would not explain why cold, influenza and coronaviruses arise during winter when sunshine vitamin D levels are low. And bank tellers have not been identified as being any more ill than the rest of the population.
Brainwashing Americans
But we now live in a world of “fake news.” TV newscasters do the thinking for mindless spectator Americans. This is why Americans are frequently called “sheeple.” For example, Americans pointlessly wear face masks while driving when they are the only party in the car.
These patriotic to-a-fault Americans dutifully do as they are told and wear face masks even though there is no legislative mandate, forgetting the country was started by opposition to (British) authority.
Now that it has become apparent the COVID-19 coronavirus deaths were overstated by 80% to falsely heighten public fear and prep the masses to beg for vaccination, will Americans ever realize they have been conned?
The largesse of this scam created its believability. TV can instill misplaced fear like no other medium. The American public doesn’t quite understand, the fewer people who are infected the more who will need to be vaccinated. The news media parrots all of the pro-vaccine misinformation for public health agencies that have financial conflicts of interest. Rigged: Exposing the L... Englert, Stuart Best Price: $15.32 Buy New $14.96 (as of 05:13 UTC - Details)
Did you hear about the ATM machine that killed a baby?
There will be more and more reports planted in the news media that will frighten the public to fear paper money. Anticipate some fear-evoking story, like a mother who drove home after withdrawing money from a bank ATM machine and unknowingly infected her newborn baby who then died from an infectious disease that was caused by the very same pathogen found on the paper money that the child’s mother withdrew from the ATM machine. ATMs kill! The mother is also blamed for not vaccinating her infant child immediately after birth. This kind of made-up story would “kill two birds with one stone,” creating an unfounded fear of paper money and guilt over refusal to vaccinate.
Digital AI control
Little do Americans realize, the vanishment of paper money gives banks and government complete control over its citizenry. The World Economic Forum, the instigator of the COVID-19 coronavirus pandemic (sponsored Event 201 that was supposedly an exercise for the pandemic that was to come) wants to link the issuance of a digital currency card with clearance that a person has been vaccinated. Employers that don’t require their employees to undergo immunization will face having their digital currency card turned off.
It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.
~ Henry Ford
False promises of helping the poor, women, and the unbanked
The hidden agenda behind the COVID-19 coronavirus pandemic is centered around abandonment of paper money and coin with forced substitution of digital currency that will falsely promise to help the poor and unbanked and make them more equal (and less racist) with the rest of the world. The Zero Interest Trap Hochreiter, Gregor Best Price: $12.16 Buy New $19.00 (as of 05:13 UTC - Details)
Ushered in under the guise it will speed payments, protect privacy, reduce costs, represent the unbanked and offer value-added services (health, transportation, education, food, an endless list of extra benefits), the global digital money card will be touted as the only alternative to another contrived crisis.
Proponents of digital banking point to a survey which shows 76% of respondents said “the economy of my country is rigged to advantage the rich and powerful.” Public sentiment may cause the public to prefer the digital card over paper money, especially among the poor who have no feeling they have any financial stake in America.
Digital banking will result in the end of local bank branches and globalize regulations so banks can become global, not local. Without paper money and coin, traditional bank branches will be abandoned, all financial transactions, personal and commercial, will be performed online or on the telephone – home loans, auto loans, etc.
Where are they taking us?
Bank branches as we know them today will no longer exist in the future. Banks used to be a place. Now they will only exist in electronic space.
MoneyWise says over 80% of US consumer spending was cashless in 2017. No more brick and mortar banks. Not even an ATM machine will be needed as currency and coin are no more. I have to repetitively make this point because it may be difficult for Americans to imagine this, given that banks are a part of the landscape of modern America. Here today, gone tomorrow, just like road maps that are now replaced by GPS and VHS video cassettes replaced by DVDs. But this is the physical vanishment of an entire American institution.
That safe looking building with Greek columns and a giant vault in your town is to be no more. Bank robbery would also be a crime of the past. Ironically, the public is all wearing face masks while the banksters are robbing us blind.
In 1995, billionaire philanthropist Bill Gates,
who founded the BETTER THAN CASH ALLIANCE said:
“Banks are dinosaurs, they can be bypassed.”
What is driving this change?
Our Enemy, the State Albert Jay Nock Best Price: $9.84 Buy New $9.95 (as of 03:20 UTC - Details) What is the driver behind these rapid changes in banking? – – – Competition. Challenger banks are disrupting traditional banking models, rapidly making inroads into the sector’s profits by offering digitalized alternatives.
Alibaba and Google are moving into the loan business. Banks are going to compete with the likes of Amazon, Facebook and Apple… TechFins pose a bigger threat to banks than any other disruption.
A bank reform leader, Genpact, says: “Once Amazon knows more about me than my bank knows about me that becomes an existential challenge for banks.”
Genpact: “Banks will need to compete with the likes of Amazon on customer experience, while also offering something deeper, be it through relationships and service, boosting businesses and communities, or taking a stand on global issues to engender trust…. Banks will transition from offering financial services to enabling financial betterment.” Of course, the definition of betterment will be themselves, not the banking public.
____________________________________________
Mark Carney, Governor of The Bank of England,
offers a contrarian position:
“Many citizens in advanced economies are facing heightened uncertainty, lamenting a loss of control and losing trust in the system. Rather than a new golden era, globalization is associated with low wages, insecure employments, stateless corporations and striking inequalities.”
____________________________________________
Managed by AI (automated intelligence)
Genpact poses itself to be an answer to these problems with what it calls “optimized reality, ethical impact and whole-system planning.” GenPact says banks will even use automated intelligence (AI) to determine the mood of their customers and then tailor programs and experiences around those mental frameworks. The Coming Cashless So... Demy, Timothy J. Best Price: $2.25 Buy New $45.01 (as of 01:05 UTC - Details)
The banks will be so tech-driven that an article in Global Finance Magazine says “the bank of the future could even, conceivably, be led by a robot CEO. It will be AI driven.” How do you fire a robot? How do you sue a robot?
Banks will use AI to become instinctive, says Genpact, to know what customers need before they themselves do. In other words, do the forward thinking for them.
Big business moves in on small business enterprises
GenPact pretends the new neo-banks will “enable people and businesses.” In reality, neo-banks will destroy entrepreneurship and small business. Neo-banks will not just expand into offering safer investment products, they intend to expand into every industry, health, medicine, food, auto, travel, insurance, vitamins, even dog shampoo services.
Like Amazon and Facebook are now doing, these neo-banks will begin to create their own covert brands. Order vitamin pills at Amazon today and all of Amazon’s own private-labelled brands are ranked at the top of the order page and given outstanding customer reviews. Amazon and Facebook steal business from their own vendors who post-up products for sale at Amazon.
For example, bankers will add cell phone apps to monitor blood pressure, body temperature, pulse rate, and then AI will book appointments with doctors, and the public will be reminded to vaccinate against the flu, and take their medicines on time.
Now, if you have high blood pressure and you order a pizza with double meat and cheese, the AI-driven digital money card may balk, knowing that is not best for your health. Remember this audio scenario that was created over a decade ago?
(Click to view) ORDERING A PIZZA IN THE FUTURE
An unspoken objective of the COVID-19 lockdown has been to force small businesses out of operation. Soon neo-banksters are going to control everything, from buying a house, to scheduling a massage and being reminded you need booster flu shots. There isn’t going to be any small business left. Conspiracy Theories: S... Leonard, Cheryl Buy New $2.99 (as of 05:13 UTC - Details)
Just how will neo-banks, that are putting so many people out of business, thrive off of consumers who have been displaced from their jobs and are living on guaranteed income payments from the government? Of course, these payments will be directly placed on the digital equity card.
As an aside, the US Gross Domestic Product (GDP) is headed to being a measure of welfare rather than productivity. Can you imagine?
Social scoring
Neo-banks will do all this under the banner of being inclusive – promoting gender equality, sustainability, and penalize customers who purchase goods or services from companies who don’t have a good “planet score.” The bank will be making “moral decisions” in place of customers who are supposed to do that. The bank’s world view (Green New Deal, climate change, global warming) will be forced on its depositors.
Advocates of digital money point to The People’s Bank of China that has ability to monitor Digital Currency Electronic Payments (DCEP) transactions and “can help improve the efficacy of monetary and fiscal policy operations as well as make it easier to fight financial crimes including money laundering and the financing of terrorism. Monitoring monetary transactions via digital currency will significantly strengthen the Chinese government’s social credit scoring system, used to control its citizens by reward or punishment of certain behaviors. Basically, the more citizens that use DCEP instead of physical cash, the more the government can monitor and control their lives,” says a report posted by the Atlantic Council.
You’ll trust the banker who you think knows you
Staying connected and building accumulated experiences will foster trust with the customer and will be the doorway for banks to offer all these added products and services that today are outside of a traditional bank’s menu.
Here is the way bankers explain it: “If you’re playing Taylor Swift’s latest hits on the Amazon Alexa (voice-activated assistant), the next step is probably, ‘Alexa, buy this album’; and then it’s not long before you’re saying, ‘Alexa remortgage my house’,” says a report in Global Finance Magazine.
Benefits accrue to governments, FinTechs
What FinTech appears to be offering is banking on a bankers’ terms, not the public’s terms. The greater benefits accrue to government and the banksters in a digital money system.
Benefits for government
Government is going to love digital money. A switch from paper to digital money means hundreds of billions of dollars of increased tax revenues for the federal government. Digital money brings more income-earning activities out from the shadows and into the taxable income column. The IRS estimates the US lost $500 billion in tax revenues in 2012 due to unreported income. Now 100% of that will be reported and appropriately taxed.
Then there is an obvious savings from not having to print billions of bank notes each year – a savings of ~$700 million/year.
Another benefit derived from digital money is inherent invulnerability to counterfeiting. However Central Bank Digital Currency (CBDCs) could, via hacking, put money at risk for electronic counterfeiting on a more massive scale. Security systems will have to be airtight.
The benefits of digital banking are huge for banksters
According to Genpact, a company that is fashioning transition of brick and mortar banks to digital banks, the banking industry spends $270 billion on compliance costs and 10-15% on governance, risk management and training its workforce. Much of these expenses will be eliminated, including thousands of bank jobs. There are ~472,000 bank tellers in the US who may soon be job hunting.
Added benefit to bankers
As of August 5, 2020, there was $1.95 trillion worth of Federal Reserve notes in circulation. The public will likely be given an expiration date for this paper money. If all these predicted events go down, let’s hope our paper money is converted to digital at a 1-to-1 value. Then there is another $500 billion in US paper money overseas that will need to be repatriated. The banks will now be automatically buoyed by $1.95 trillion + $500 billion of added reserves.
Negatives for consumers
Bank depositors will benefit from a digital money card, but only in small ways. Glen Frost, Founder; FinTech Summit & FinTech Awards explains that FinTechs typically offer “better user experience, cheaper prices and a dedicated focus on solving a specific problem.” But these small savings won’t elevate any American’s income bracket by any measure. The benefits to consumers from the digital neo-dollar will be marginal. Bankers’ objective is to make everyone a debt slave.
In foreign trade, the US dollar is used as the currency of exchange. “A sovereign digital currency” is posed as an effective alternative to the U.S. dollar settlement system.” There wouldn’t be as much forced demand for the US dollar and its value would likely drop in international trade. Then foreign-made goods would cost more.
Digital central banks can also impose negative interest rates on holders of digital money, something a central bank cannot do with cash. This represents confiscation of money.
Another drawback is that Digital Electronic Currency Payments (DCEP) take away the anonymity of cash transactions, reducing personal privacy and handing the government a powerful tool to monitor and control its citizens. The IRS knows how much money your earned and how much you spent, but now it is going to know where every dime went.
Cash-based businesses are toast
It’s all over for cash-based businesses (street vendors, restaurants, lawn services, babysitters, laundromats, vending machines, ice cream trucks) who are already being “disintermediated.” Vending machines and laundromats will have to re-tool. Even street beggars are out of business.
It has also been suggested that the Digital Electronic Currency Payments (DCEP) that come along with digital currency can be used for international payment transactions, especially as an alternative to the SWIFT system that handles wire transfer of funds.
Digital money and the disappearance of paper money is inevitable
Plans are already underway. The Federal Reserve has announced it is building and testing a hypothetical digital currency, equivalent of cash. God knows, government probably has a digital currency all ready to go.
Central Bank Digital Currency (CBDC)—fiat currency issued by central banks in digital form—has progressed in the past few years from a bold speculative concept to a seeming inevitability. More than 80% of central bank respondents to a Bank for International Settlements survey in 2019 reported engagement in CBDC projects. Banks are planning but not telling their depositors what they have in mind.
How will small business compete?
To survive, business consultants say nearly every company will have to be a financial services company. Uber and Lyft now provide financial services for their drivers, creating in-house bank accounts so it can immediately pay drivers as they earn money. What is not said is that Uber and Lyft essentially get to keep some of their workers’ money on account, never leaving their bank and using their workers’ money without any return. It’s kind of like working for the coal mine and being forced to buy from the company store.
The Future of Banking Is … You’re Broke
Our present financial ruin is being turned
into a business model. – Molly Wood, WIRED
Molly Wood, writing at WIRED.com, says:
“Our present financial ruin is being turned into a business model.” In her discourse entitled THE FUTURE OF BANKING IS . . . YOU’RE BROKE,” she writes: “Seventy-eight percent of Americans live paycheck to paycheck. . . there is the idea that the solution to our financial woes can be found in a more convenient, higher-tech, friendlier-named digital bank.
The economy is sick and digital money is part of the problem, not the solution
A second problem is more serious. Ultimately, no amount of friendly design, accessible features, and overdraft protections will solve the underlying problems that made these services necessary in the first place. No neo-bank can erase the student loan debt or the 40-year stagnation in wages or the unexpected medical expenses or the crippling reality of America’s existential brokeness. The neo-banks have promised that they’ll ease your pain, but that’s just morphine for the real condition. When it comes to the actual sickness, you’re still on your own.”