Trump The Hammer

[Yodean]

Big Tech is openly joining the civil war and siding with the Marxists.
Twitter bans a current sitting POTUS...
Google...
...and Apple remove "Free Speech" Twitter competitor Parler from their app-stores...
Amazon Web Services cancels deal with Parler for web-hosting.

...over one "mostly peaceful" rally...

...after ignoring DOZENS of (last I saw months ago was 32) people killed by Bolshevik Lying Marxists (BLM) RIOTS that went on all summer long and caused BILLIONS of dollars in damage...because a known felon that just passed counterfeit money at a locally-owned small-business and took a lethal dose of fentanyl died of COVID-19 (and a heart-attack, and a fentanyl-overdose) while in police custody.

We live in interesting times. One theory why the Tech Titans (TT) sided with the Blue is that the TTs have been promised a piece of the digital pie as central banks' digital currencies are rolled out globally, and more and more transactions become digital.

Among many things that have been accomplished by the cv19 plandemic is the utter and ongoing destruction of the cash economy, both legal and underground. As more transactions are digitalized, governments will find it easier to tax everyone more efficiently - the TTs will participate in this and receive a nice cut.

In addition, by destroying small businesses (approximately 70% of the working population is employed in some way by small businesses, I believe) and forcing more people to adopt UBI over time, governments will increasingly achieve greater control of the population - i.e. if you don't take this vaccine every year, you won't get your UBI; if you join public protests against governmental policies, you won't get your UBI; if you publicly criticize governmental narratives, you won't get your UBI, etc.

When governments start to create money digitally and give it to the general population directly, theoretically at least, the need for banks diminishes. Currently, the Federal Reserve holds collateral assets for banks against which banks extend credit to the population at large. If and when the Federal Reserve simply creates digital dollars and sends them directly to your average Joe, the need for traditional banks decreases.

You add in the breathtaking advances in Fintech and DeFi, and it's hard not to conclude that traditional banking is on its way out. With that said, historically the Banksters are very powerful as a group and generally win, so I am guessing there may be some type of pushback at some point from them.

The Great Savior we are all waiting for, to save us in the West from the approaching NeoMarxist Blue dystopia, will appear not in human form, but in the form of A.I.

Blue Skynet will indeed reign supreme temporarily, but it will be torn apart by its descendants.

I hope.

Otherwise, I will be hiding in my VR world with my psilocybin-enhanced cannabis.

[Budge]

Big Tech is openly joining the civil war and siding with the Marxists.
Twitter bans a current sitting POTUS...
Google...
...and Apple remove "Free Speech" Twitter competitor Parler from their app-stores...
Amazon Web Services cancels deal with Parler for web-hosting.

...over one "mostly peaceful" rally...

...after ignoring DOZENS of (last I saw months ago was 32) people killed by Bolshevik Lying Marxists (BLM) RIOTS that went on all summer long and caused BILLIONS of dollars in damage...because a known felon that just passed counterfeit money at a locally-owned small-business and took a lethal dose of fentanyl died of COVID-19 (and a heart-attack, and a fentanyl-overdose) while in police custody.

Said earlier, Friday was hardly a Reichstag Fire moment but it appears the left is treating/using it as such. I think we have reached the official bat-shit crazy phase. Unfortunately, history teaches when extreme becomes the norm it never ends there. There's always something more extreme to come - the pendulum is going to get a proper workout.

[langdj]

@Sol and @DivineTouch

I appreciate your answer earlier about how countries with less freedom will now have more freedom. Another one for you guys....

In the latest newsletter you say that Investment Bankers are going away due to AI. We do see this trending happening with SPACs etc. I agree with the logic. However, something is not adding up for me here though. It seems like this goes against the interest of the Federal Reserve

My Assumptions:

1. Federal Reserve - Which is neither federal, nor reserve (I have made a habit of saying that for the last 15 years is basically the ultimate power

2. The Federal Reserve makes up money and gives it to itself via banks through schemes like the "discount window" and other games with the Treasury. This whole process is laid out in the "Created from Jekyll Island" by Edward Griffen

3. These banks that would going out of business ARE the investment banks! (e.g. Goldman Sacs, JP Morgan Chase etc)


I am sure you know all about these assumptions. But if they are true why would the most powerful organization in the world let their "fronts" to be put out of business or even allow them to be weakened.

Maybe these assumption are not true or I am missing a piece of the puzzle?

[MarkD]

I too had been considering this issue. Glad I am not alone. Possibly the folks at the top of the FED will tire of sharing with the member banks or the cost of doing business will require a change in the model, or they will state it's in the best interest of the public to minimize transactional cost.

IMO more profit for the few. Obviously since the FED has owners, if the publicly held companies close or if they go private, it's easier to hide money.

[Yodean]

@Sol and @DivineTouch

I appreciate your answer earlier about how countries with less freedom will now have more freedom. Another one for you guys....

In the latest newsletter you say that Investment Bankers are going away due to AI. We do see this trending happening with SPACs etc. I agree with the logic. However, something is not adding up for me here though. It seems like this goes against the interest of the Federal Reserve

My Assumptions:

1. Federal Reserve - Which is neither federal, nor reserve (I have made a habit of saying that for the last 15 years is basically the ultimate power

2. The Federal Reserve makes up money and gives it to itself via banks through schemes like the "discount window" and other games with the Treasury. This whole process is laid out in the "Created from Jekyll Island" by Edward Griffen

3. These banks that would going out of business ARE the investment banks! (e.g. Goldman Sacs, JP Morgan Chase etc)


I am sure you know all about these assumptions. But if they are true why would the most powerful organization in the world let their "fronts" to be put out of business or even allow them to be weakened.

Maybe these assumption are not true or I am missing a piece of the puzzle?

I don't really have a satisfactory theory about this either.

Assuming the Fed comes out with some type of digital "Fedcoin," theoretically they could get everyone to open a personal account with the Fed, and the Fed could directly inject funds into everyone's account, bypassing the traditional banking system.

Right now, as you know, what the Fed does isn't technically "printing money" directly, although the sum effects may be the same, ultimately (this point is debatable, but beyond my pay grade to intelligently discuss). The Fed performs a bunch of "paper/accounting" transactions (you alluded to this in your point #2) to encourage and push traditional lending institutions, like banks, to extend credit more aggressively to the population, and as long as the banks do this (and have customers who want to borrow), the debt bubble continues to expand, and the System doesn't crash for another day (or year, or decade, etc.).

So right now, the Fed still needs the banks to keep the System afloat. But if the Fed is able to simply inject digital Fedcoin into someone's bank account without incurring recorded debt on its books - or those of the middlemen like the banks - then the central banksters will truly have achieved their MMT utopia (Modern Monetary Theory, also known as "More Money Today"), where debt is never repaid and the Fed controls the money supply/velocity directly, without having to go through the traditional banking system.

Heaven help us if this comes to pass.

Doesn't really answer your question about the traditional banks/institutions that act as the Fed's "front." Perhaps more consolidation, maybe they are quietly and secretly transitioning into some of the newer Fintech or even DeFi platforms behind-the-scenes?

Dunno.