In The Last American Vagabond video
above, you can watch Agustín Carstens, general manager for the Bank of
International Settlements (BIS), spell out exactly why globalists are
promoting central bank digital currencies, or CBDCs, so heavily.
"[With] cash we don't know, for example, who's using a $100 bill
today," he says. "We don't know who is using a 1,000-peso bill today. A
key difference with the CBDC is that Central Bank will have absolute
control on the rules and regulations that will determine the use of that
expression of Central Bank liability and also we will have the
technology to enforce that."1
The video features an interview with finance guru Catherine Austin Fitts — publisher of The Solari Report2
— who has warned that CBDCs are part of a plan to end all currencies.
If that happens, a slavery system, steeped in the ideologies of
transhumanism and technocracy, will be ushered in.
"We're watching events that are within a framework, which is very
engineered and planned," Fitts says. "At the root of what's going on
today is there is a group of people who are trying to totally centralize
control of all financial transactions on the planet — 100% — using
digital technology."3
Taxation Without Representation
"It's a very rare moment when a central bank is telling you the
truth," Fitts notes, but Carstens' statements did just that, detailing
how central banks can enforce rules centrally "because it's no longer
your money, it's our money — and we can set the rules on how you can use
'our' money," she says.4
CBDCs will rapidly usher in an era
of taxation without representation, leading to the end of liberty. By
granting complete control of individuals' financial transactions to
central bankers, CBDCs allow the government to maintain complete
control.
Without financial transaction freedom — the ability to transact with
whoever you want, for any purpose — there will be no freedom, Fitts
says. This is a key reason why we need to preserve cash. Right now,
there's a war going on between decentralizers, who are trying to
preserve financial transaction freedom, and centralizers, who are
fighting among themselves over who will be in control of the system.
"And, of course, every effort is being made by the corporate media to
turn the rest of us who are trying to fight for transaction freedom to
divide and conquer. And so it can be very confusing to watch this if you
don't see the gist of the main game," Fitts explains.5
Central Bankers Hiding Behind Health Infrastructure
Part of what's going on behind the scenes is what Fitts refers to as the Going Direct Reset — the "wholesale plan"6
of The Great Reset, which has been packaged for "retail" sale to the
masses. The Going Direct Reset is detailed by John Titus on the Solari
Report,7 but it involves the massive amounts of money — $3.5 trillion over a few weeks — injected into the economy in 2020.
That money was largely used in a way to build out only certain
sectors — like space, the smart grid and health infrastructure — while
starving others. This is another facet of gaining control and also
involves the rollout of digital passports under the guide of keeping the
population healthy and safe. Fitts explains:8
"Essentially, build out the infrastructure of
control. Get everybody on an electrical grid … and we see this dance
between finance and health care. If the central bankers had to do all
the centralizing control with money they would end up with everybody
coming at them with pitchforks, and so they hide behind health.
We see this use of the health infrastructure
basically to build the train tracks of control. So, for the central
banks, for example, to do CBDC they need a digital ID. Well, you get
that because you're trying to make everybody safe, right? … So we've had
this dance during the Going Direct Reset of using health to justify
more central control."
Was the SVB Banking Collapse Deliberate?
During the pandemic, you had the Fed pumping a massive amount of
money into the economy, while one-third to half of U.S. small businesses
were shut down in the name of public health.9 This wreaked havoc with people's loan portfolios, but what caused Silicon Valley Bank (SVB), the 16th largest in the U.S.,10 to collapse?
"At Silicon Valley Bank (SVB)," Fitts says, "you have the biotech and
life sciences and the tech IPO pipeline that literally sort of explodes
in the bubble, and then when the bubble's over it kind of shuts down."
That was one aspect. Meanwhile, Fitts says, 49% of the small
businesses in San Francisco shut down, "so if you're SVB loaning to just
small businesses in the Silicon Valley area … that could be as much as
half your loan portfolio."11 However, ultimately Fitts believes the collapse was a deliberate takedown — not the result of a traditional bank run:12
"We had a takedown at SVB. There's a game going on
and … what it turned into was an effort by a variety of players to panic
everyone into believing … that this was going to turn into a wider
contagion run.
Now if you do look at the numbers on the banking
system, if interest rates continue to stay high for a long period of
time and a lot of banks have to run a negative arbitrage, that's a
problem … so you're going to have banks that get into trouble and end up
going out of business in that situation … but it's not necessarily true
that interest rates are going to stay up … we don't know."
Creating Financial Panic Drives Business to the Criminals
The panic created over instability in the banking system may also be
part of the plan. By creating a banking run, many will take their money
out of small banks and put it with the central banks that are at the
root of the problem:13
"To get complete control, you've got to kill the
small guys. You've got to kill the small farms. You've got to kill the
small businesses and you've got to kill the small banks.
So, we use the health care game to shut down the
small businesses and the farms — not because they're less productive but
because the guys running the game could pick up huge market share and
make a fortune stealing their businesses and picking up their asses
cheap …
You pump money into your pals and then you shut down
your enemies, and then your pals can go pick your enemies up for cheap …
so we shut down the small farms and small business … and now we're
ready to shut down the small banks.
Now, if you're the top guys and you want to play this
game, who better to shut down the small banks than panic on all the
small bank depositors and scaring them and getting them to walk their
deposits across the street to the criminals? … What they're trying to do
is get all their neighbors' cattle to stampede into their corral."
If the globalists take over, which is all but guaranteed if they
control the financial system with CBDCs, they can institute worldwide
slavery. But unlike in the past, technology now exists to keep track of
people's every move and control their ability to live in the modern
world if they don't obey. Fitts says:14
"The greatest most profitable business in the history
of the world is slavery, more than mining, more than anything else.
Slavery. That's what this is about. Digital technology solves all the
bad problems they had with slavery the last time. All those problems you
can now solve with digital technology.
You can perfect your collateral — if I can implant a
chip in you … then I can collateralize you. I can perfect my collateral
as a banker and now we're off to the races. I can build a slavery system
and with robotics, AI and automation, I can manage it."
How to Find a Good Local Bank
Fitts stresses that leaving the banking system isn't the answer — finding a good local bank, and stashing your cash
in a variety of places, is. While you're there, let bankers know about
the dangers of CBDCs. The Solari Report even has a template letter15 you can use to inform your bankers about the downsides of CBDCs. It reads, in part:
"It strikes me that creating a different, yet
centrally controlled fiat currency that can be created from thin air and
manipulated by unelected central bankers does not promote U.S.
financial stability or provide citizens with consumer and investor
protections — except in the sense that totalitarian governments can be
financially stable through the power of taxation without representation
and the ability to micromanage and regulate the spending of families and
small enterprise."
The bank or credit union you choose should not have a record of
criminal behavior. Next, just as it's a good idea to get to know the
small farmers growing your food, it's a good idea to get to know the
people running your local bank.
The "No. 1 criteria is are they well managed? Are they well governed?
Who owns, who manages, who's on the board?" Fitts says. "What is the
quality of the people and their experience and expertise?"16 The second criteria to look for is a steady deposit base.
"You want to look at the deposit base, you want to look at the loan
base, you want to look at the investment portfolio," according to Fitts.
"And then you want to make sure that in the investment portfolio, or in
their accounts, they have enough short-term investments and cash … it's
like a train. People get on and off, and you want them to have enough
liquidity so they can handle the ups and downs."
Fitts encourages everyone to get to know their community bankers and
credit union executives. "If you're concerned about your bank, go talk
to your bank. If they're doing a good job, they will answer your
questions with confidence."
How to Stop CBDCs
One of the top ways to stop CBDCs,
in addition to ditching large, multinational banks in favor of
trustworthy local banks or credit unions, is to use cash as much as
possible, and not frequent shops that don't accept it.17
You want to have your cash spread out, starting with keeping cash on
hand in your home, ideally in a fireproof safe. Then you can expand to a
safe deposit box at a bank, a small, local bank or investing in silver
and gold coins. Meanwhile, talk to the people in your local community
about why you're using cash.
"Start using cash, and as you use cash talk to the small businesses
that you frequent — small restaurants, small farms — and talk to them
about how we can work together as customer and business to improve our
endurance and resiliency and well-being," Fitts says.18
Helping to build out your local food sources is also part of the
solution, since having access to healthy food is critical to maintaining
health and autonomy. "Anything you can do to build out the local food
markets so that we can't get cornered and be dependent on our enemy for
food, it's going to make a big difference to freedom," she explains.19
There's still time to defeat the globalists and maintain life as we
know it. So, rather than feeling defeated, recognize that the
opportunity exists to win this battle, one action and one individual at a
time:20
"Understanding this can be completely overwhelming
and depressing, but the thing I want to encourage everybody to
understand is facing it … is the doorway that you walk through. And the
grief you experience to get to the other side and realize there are real
solutions. Because in the official narrative there are no real
solutions, but if you face reality, there are real solutions."