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Russia fast-tracks CBDC: Digital ruble to be used in “real operations” in 2023

Riley Waggaman

Audio Version New Feature!

Citing the imposition of western sanctions, the Bank of Russia announced on Wednesday that it was accelerating the rollout of its Central Bank Digital Currency (CBDC).

The first stage of testing for the digital ruble began in January and was originally supposed to finish in 2024.

Under the newly released roadmap, phase two—in which the programmable, trackable digital token will be integrated, small-scale, into “real money” operations—is now slated to start in April 2023. Vedomosti (Russia’s Wall Street Journal) has the details:

“Seeing the pace at which we are now going, we assume that from April next year we will be able to start a pilot on real clients and real operations,” said First Deputy Chairman of the Central Bank Olga Skorobogatova at a meeting of the regulator with bankers. […]

At the end of this year, the regulator will send documents on regulating the digital ruble to the State Duma Committee on the Financial Market in order to be able to launch the second stage of piloting in April 2023, Skorobogatova said.

The creation of a prototype of the digital ruble platform was completed in December 2021. 12 banks are participating in the first pilot: Ak Bars, Alfa-bank , Dom.RF , VTB , Gazprombank , Tinkoff Bank , Promsvyazbank (PSB), Rosbank , Sberbank , SKB-bank , Soyuz and TKB.

Testing of the digital ruble platform began in January 2022, and at the first stage, the issuance of a digital ruble, the opening of digital wallets by banks and citizens, as well as C2C transfers (between individuals) and C2B transfers (from individuals to business – payment by individuals for goods and services). Already on February 15, PSB and VTB were the first to successfully transfer digital rubles between their clients.

On February 18, the head of the Central Bank, Elvira Nabiullina, reported that five credit institutions are now testing the system, and the rest will connect as they fine-tune their IT structures. […]

For Q2 2023, the regulator also plans to develop protocols for the interoperability of the digital ruble with the national digital currencies of other countries, in particular the Eurasian Economic Union and the CIS. The development of such protocols will make it possible to make cross-border payments and open a second communication channel between banks, in addition to the Central Bank’s Financial Message Transmission System, and will also make it possible to bypass SWIFT in such operations.

A new financial infrastructure that will be free of western meddling: very cool. But is it cool, really? Again, Vedomosti:

The digital ruble will also ensure the transparency of the terms of payment services, since it will allow tracking the targeted spending of funds by citizens, representatives of Promsvyazbank, Sberbank and Russian Standard Bank note. […]

Blockchain consultant and cryptocurrency researcher Denis Smirnov is critical of the idea of ​​the Central Bank: “For people, the introduction of the digital ruble is the realization of the most terrible scenarios described by science fiction writers in dystopias.”

According to the expert, with the advent of the digital ruble, absolute transparency will reign in the field of personal finance, which means that the human right to privacy will be under attack.

Oh. Okay.

Like the gold-pegged ruble that never existed, only better.

In December, your humble Moscow correspondent warned that the Bank of Russia was up to all kinds of trickery.

Then, on February 18, we typed up a blog post about how Russia was using the threat of western sanctions as a pretext to accelerate the adoption of the digital ruble.

By the way: undoubtedly, CBDCs will make cross-border transactions more convenient and less of a hassle for Russia (at least when doing business with friendly states).

But does that justify the zero-privacy, total-centralized-control financial system that is being created? An interesting question.

Russia will adopt CBDCs, citing the need to shield itself from western sanctions. Whatever.

The West will adopt CBDCs, citing the need to crack down on domestic terrorism financing, or Patreon payments to people with unapproved ideas, or whatever. It doesn’t matter.

It won’t matter what the justifications will be. The pretexts will be different, but the system will be exactly the same. And the system is going to suck for everyone.

It’s sort of like Post-Sanctions Russian McDonald’s: it’s literally McDonald’s, but with a different name.

It is what it is.

Riley Waggaman is your humble Moscow correspondent. He worked for RT, Press TV, Russia Insider, yadda yadda. In his youth, he attended a White House lawn party where he asked Barack Obama if imprisoned whistleblower Bradley Manning (Chelsea was still a boy back then) “had a good Easter.” Good times good times. You can subscribe to his Substack here, or follow him on twitter.

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aspnaz
aspnaz
Jun 1, 2022 6:46 AM

CDBC does not make any difference to international finance with the Ruble. It is purely Putin taking advantage of a crisis and trying to control the possessions of fellow Russians … and here I was thinking that he was a God fearing patriot. More like he wants to be God, just like the WEF scum.

John Ervin
John Ervin
May 31, 2022 1:18 AM

My 100 word reply to Rob is “pending” ?!

rob
rob
May 30, 2022 9:52 PM

CBDC are a threat to individuals.

1) Makes it a lot easier for Government to throw “kill switch” and turn off your bank account if you do/say something they don’t like (Ex. Criticize the Government).

2) Government sees what you spend money on, so forget privacy. Government can also control what you can buy. Sorry Comrade! You have exceeded this month’s Vodka allotment.

3) CBDC can be programmed to decay to Zero if Government wants people to spend more. Use it or lose it. Trying to save? Too bad!

John Ervin
John Ervin
May 31, 2022 1:16 AM
Reply to  rob

The Govt already has all that tech, anyway, which does not mean CBDG is good. Just another layer. They’ve many discreet means to sanction and influence individuals, and have had them for quite awhile. It is covert and the best way to out it is to (really) analyze what doesn’t add up…… Simply put.

That process is what CIA and Co. is all about.

“The CIA doesn’t care what you do as long as it’s something they want you to do.”

Big Brother as a Happy Face. Smiling in yours. Omnipresently. Visualize Klaus Schwab for an image. Hear his accent to complete the audio-visual aid.

Col. Klink, in a pricey “power suit”.

Voz 0db
Voz 0db
May 30, 2022 8:56 PM

Front running the WEF/DAVOS, FRS, ECB, IMF, WB, BIS and most importantly the Banks of the SRF, terrorists and scoundrels…

AS for we, the herds of MMS/3i’s, the future digital slavery will arrive sooner than expected!

Nigel Watson
Nigel Watson
May 29, 2022 10:04 AM

How many ‘normies’ even understand what CBDCs are? I think that a huge issue in Britain is that generations have not been taught anything about Economics, because it has been excluded from the school national curriculum. The only time it’s taught is in the sixth form as an optional A Level subject. At A Level, and at university, only Keynesian economics is taught. To understand what’s going on you have to understand true economics – which is the Austrian School. I quit my job teaching A Level Economics after 35 years in 2020, because I wasn’t willing to go along with the mask [email protected] I know produce videos like this, which try to make topics like CBDCs accessible to ‘normies’ https://www.youtube.com/watch?v=7-levv_JV-o&t=9s

John Goss
John Goss
May 29, 2022 12:24 PM
Reply to  Nigel Watson

Can you embed the video please Nigel? Then those of us not subscribing to Y-Tube can watch it. Thanks.

Nigel Watson
Nigel Watson
May 29, 2022 4:39 PM
Reply to  John Goss
Voz 0db
Voz 0db
May 29, 2022 8:22 PM
Reply to  Nigel Watson

I bet my fellow MMS/3’is WILL DEMAND it!

They will shout that access to a digital CBW and CBDCs is a “fundamental human right”…

Geo Martin
Geo Martin
May 30, 2022 12:59 PM
Reply to  Nigel Watson

Well done you for not caving in to the mask mass humiliation experiment.

kevin king
kevin king
May 30, 2022 8:40 PM
Reply to  Nigel Watson

Their system will NOT be similar to BTC. It will be centralised to maximise throughput, probably based on XRP which is NOT blockchain based. The blockchain technology is a clever psyop. If you really think you can run a financial system in real time using a blockchain that grows in size infinitely like BTC then you really don’t know much about technology. Any IT engineer knows blockchain technology will NEVER scale. It is completely illogical to implement a blockchain type technology when you control the network as they will do with the CBDCs.

Penelope
Penelope
May 29, 2022 4:45 AM

Realizing that the war in Ukraine is lost, Washington plans to recognize the annexation of Donbass, Mariupol and Crimea to Russia in exchange for the annexation of Eastern Galicia to Poland (Western Galicia is already Polish). The issue of Odessa and Transnistria is still up for grabs. Ukraine would become the former shadow of itself.”

–Voltairenet.org

Thierry Meyssan is usually pretty well informed. Looks like Ukrainian debacle pretty quick now; several non-Russian sites reporting extreme disarray in supply lines, morale, etc.

NickM
NickM
May 29, 2022 10:01 AM
Reply to  Penelope

“Ukraine would become the former shadow of itself.”

A bien trouvee — a happy accident of speech. If the above had been written in the usual way — “become a shadow of its former self” — that would have indicated a fading away of the country called Ukraine. But as actually written — “become the former shadow of itself” — that means revert to the pre-War dual identity which stalks like a shadow behind the uneasy post-War union known as Ukraine: a Roman Catholic province in the West speaking Polish and Ukrainian (the former Galicia) and an Orthodox Catholic province in the East speaking Russian and Ukrainian (the former Ukraina).

Penelope
Penelope
May 29, 2022 4:09 AM

https://www.lewrockwell.com/political-theatre/ukrainian-servicemen-refuse-to-fight-and-leave-their-positions-left-and-right-videos/

Video/internet appeals by Ukie soldiers to their command– running out of everything, want to quit.

Penelope
Penelope
May 29, 2022 4:04 AM

WHEAT: CAUSUS BELLI?

–Suposedly world reserve of wheat now stands at ten weeks supply.
–A Romanian headline says it’s exported 245,000 tons of Ukrainian wheat since beginning of hostilities
–EU considering naval mission to escort Ukrainian ships laden w wheat from ports of Odessa.
–Russia says Western ships entering the Black Sea would be provocative; Russia’s willing to provide safe corridor, but the harbor’s been mined by the Ukrainians
–“The solution to the food problem requires a global approach that includes lifting the sanctions imposed on Russian exports and financial transactions, as well as requiring Ukraine to demine all the ports where the ships are anchored,” said the deputy foreign minister. Foreign Affairs of Russia, Andrei Rudenko

–RT

NickM
NickM
May 29, 2022 10:35 AM
Reply to  Penelope

Definitely Casus Belli — but it’s not the wheat that’s causing the heat. Russia’s Legal and Military Response to NATzO Aggression in Ukraine:

https://thesaker.is/russias-necessary-and-legal-military-response-to-us-nato-aggression-in-ukraine/

“The Organization for Security and Co-operation in Europe (OSCE) documented the Kiev regime’s attacks that killed thousands of civilians and terrorized the populace. In 2015, the US-installed Jewish-Ukrainian President Petro Poroshenko publicly articulated Kiev’s anti-Russia stance and its policy for the Donbass:

“We will have jobs—they [Russian speaking provinces] will not. We will have pensions—they will not. [….] Our children will go to schools and kindergartens—theirs will hide in the basements.”  

Ukraine pundits openly called for  extermination of Donbas residents. 

In 2015 Ukraine’s Congress lifted its ban on funding Ukraine’s neo Nazi militias and placed US military trainers on the ground inside Ukraine. NAT[z]O and the CIA also began training Ukraine regime forces–effectively establishing Ukraine as a de facto US/NAT[z]O mercenary state. 

During the past eight years, Russia exhibited enormous restraint as the US and Ukraine violated the Minsk Protocols and rejected requests for diplomacy. In 2021, US aggression against Russia increased dramatically once Biden took office–in Ukraine and in the Black Sea. US actions and Jewish-Ukrainian President Zelensky’s public statements [about joining NATzO and installing NATzO nukes] generated immediate threats to the survival of the Russian nation-state.”

Penelope
Penelope
May 30, 2022 10:51 PM
Reply to  NickM

You’re absolutely right, Nick; I’m in favor of the Russian action against Ukraine. But mustn’t let it blind us to the fact that Russia’s on board w the Great Reset & that TPTB are using the Russo-Ukraine action to further their damned NWO.

The war’s needed as a pretext to degrade the world economy & financial system.

They CANNOT simply tell us that Russia & China are on board w the plan to depopulate and enslave.

NickM
NickM
May 31, 2022 6:22 AM
Reply to  Penelope

Penelope, yes. On the one hand Truthers must expose the fact that “Western” (mainly Anglo Zionazi) Capitalists are ganging up on Russia, China and Iran (rebel territories that have broken free from the AZC Global Empire). On the other hand, we should bear in mind that Russia has abandoned Communism, and China seems to be going that way (though the Chinese Government still cuts some overweening capitalists down to size).

We must choose the priorities of our battles. Like the Zionists in WW2 Palestine, who simultaneously fought the Axis Army of invasion as though there were no British occupation, and fought the British Army of occupation as though there were no Axis invasion. Once Monty had defeated Rommel in the ME, and Russia had defeated the Wehrmacht in Berlin, the Zionists found it relatively simple to sort out the British occupiers of Palestine.

Once Russia, China, Iran, allies and sympathisers (who represent 80% of the World) have cut NATzO down to size, I think Truthers will find it easier to sort out the 0.001% and their Great Reset.

Victor G.
Victor G.
May 28, 2022 9:32 PM

As much as I appreciate humility and find your claim refreshing, could I humbly ask you to drop the “humble correspondent” jazz? It’s so … ah … ahh … silly(?).

John Ervin
John Ervin
May 29, 2022 4:18 AM
Reply to  Victor G.

Was it Plato, Buddha, or merely the late Fatty Arbuckle who said, memorably, that silliness well chosen & at the right time can be quite useful, if not edifying, in many ways. Something like that.

Salvific even! I think it was probably Buddha, but I’ve got to go with Arbuckle in a photo finish. If only by a nose, or rather, a belly. At least, not “late”, in his role as my chosen metaphor.

~Just another humble Conspiracy Realist

~~&£4£&$4$,2

“Humour slips under the door while seriousness is still fumbling with the keys.” ~GKC

NickM
NickM
May 29, 2022 10:40 AM
Reply to  John Ervin

Perhaps it was that beloved genius: PG Wodehouse who demonstrated the therapeutic value of silliness well chosen?

“Jeeves describes me as mentally negligible.” — Bertie Wooster.

John Ervin
John Ervin
May 29, 2022 3:02 PM
Reply to  NickM

Ah, or his former shadow, equally negligible.

And while we’re at it, Ukraine as now the former shadow of a stalking horse of NATO. I think that can be fitted in, sideways, slipping under the door.

Which gives me all the room I need to slip this in (drum roll……,………..,……….,….):

HAPPY “BIRTHDAY”, JFK (104) & GKC (148).

YAY, for 2 heroes (so, there ARE some, after all……………………)

NickM
NickM
May 30, 2022 7:16 AM
Reply to  NickM

TS Eliot foresaw the future as “internecine strife, people killing one another in the streets”.

George Orwell foresaw the future as “a boot perpetually stamping on the human face”.

But both of those severe giants of 20th century Eng.Lit payed homage to their peer, Wodehouse.

Like Menander, who created the musical comedy genre and became the most quoted Greek author after Homer, Wodehouse set himself up neither as a prophet nor a political pundit. Instead he created an eternal present: a temperate climate with a glorious June day on which the boy who found the girl, then lost her through silly misunderstandings, finally gets the girl.

“Leave it to Psmith”.

John Ervin
John Ervin
Jun 2, 2022 12:26 AM
Reply to  NickM

T. S. Eliot was a lifelong pen pal of James J. Angleton, founder and first director (for 25 years, until his firing, quite a stint) of CIA Counterintelligence. Angleton had founded a poetry magazine, “Furioso” (a fine feel for a dynamics marking in musical scores) at Yale literature department, that future hotbed of CIA spymasters (Wm. F. Buckley, Norman Holmes Pearson, inter alia).

Just sayin’

Victor G.
Victor G.
May 30, 2022 2:44 PM
Reply to  John Ervin

Could I humbly help you out? I was not Gautama Siddartha.

John Ervin
John Ervin
May 29, 2022 4:22 AM
Reply to  Victor G.

.

Elleon Ken
Elleon Ken
May 28, 2022 7:48 PM

What Russia did is tie the Ruble to gold. What Riley is quoting here is the Central Bank of Russia, which is quite different. I find it a bit dishonest how Riley doesn’t mention this difference, even tough he was part the debate where this point was raised. https://odysee.com/@UnlimitedHangout:a/2022-04-01-Panel–UH—OffGuardian:c

Riley
Riley
May 28, 2022 10:11 PM
Reply to  Elleon Ken

At the end of March, the central bank announced it would buy gold at a fixed price. Then it dropped this policy after less than 2 weeks.
https://www.reuters.com/business/russias-central-bank-says-it-will-stop-buying-gold-fixed-price-2022-04-07/
There is no gold-pegged ruble, and the Bank of Russia has even openly rejected the idea of one:
https://edwardslavsquat.substack.com/p/imf-obedient-bank-of-russia-rejects?s=w

John Ervin
John Ervin
May 29, 2022 7:49 PM
Reply to  Elleon Ken

The curious flip flop of Russian gold policy, and in a space of two weeks, is very interesting. It really sticks out.

Mr Y
Mr Y
May 28, 2022 3:15 PM

An all digital currency will track a lot of buying but what about barter; that’s a tough one, eh?

John Ervin
John Ervin
May 28, 2022 7:35 PM
Reply to  Mr Y

Just the barter of vaccine alternatives alone might crash the whole delicately rigged system, just as good as any really big solar flare.

“The important thing is to spread confusion, not eliminate it.” (Contradiction induces creativity.)

~ Salvador Dali

(So, I am currently absorbing as much Dali in his maxims as possible, an all around avatar and panacea for what ails our globe, as is GKC .)

I don’t regard that though as theology, much, but in every day terms, very sound political practice. If you don’t agree, just ask Congress.

NickM
NickM
May 28, 2022 2:42 PM

More on the New New Normal. Pepe Escobar reports from the Eurasion Economic Forum:

“To really appreciate its scope, remember that the Greater Eurasian Partnership concept was presented by Putin in 2016 at the St. Petersburg Economic Forum involving the Eurasian Economic Union and including China, Pakistan, Iran and India.
Putin stressed how the drive for developing ties “within the framework of the Greater Eurasian Partnership” was not the political situation but global economic trends, because the centre of economic development – and our businesspeople are aware of this – continues to move into the Asia-Pacific Region.”
He added, “in the current international conditions when, unfortunately, traditional economic links and supply chains are being disrupted, the Greater Eurasian Partnership is gaining a special meaning.”

QuickDraw
QuickDraw
May 28, 2022 1:38 PM

So I have a plastic card in my wallet that is in and of itself worthless, but it allows me to spend my “money” electronically. If I want “real money” I go to the bank for bits of paper and/or scrap metal pieces–this too is worthless in and of itself, it is only because the government says this paper and metal has value that I can spend it. In the US new bills are all ready programmed and according to financial author Graham Summers that little electronic stripe allows the government to to do various things like institute a use tax for large bills if they so desire.

So we already live in 1984 2.0 and our money is worthless and our governments are oppressive so what is the big deal if the screws are turned a bit more? We are all slaves anyway and those of us who aren’t are irrelevant. I would say given the intrinsic worthlessness of our currency when it is backed by nothing that we have been living in a cashless society since we left the gold standard. Economics is all witchcraft and we are all screwed anyway so why worry?

martin horgan
martin horgan
May 28, 2022 1:12 PM

We’re getting the same system whether we like it or not. We’ll have nothing (but superbig brother) and be happy.

mgeo
mgeo
May 28, 2022 1:05 PM

The dependence on ICT is insane, as I commented. Extending the currency to cross-border payments is also overly ambitious at this stage of the purported plan.

Mr Y
Mr Y
May 28, 2022 12:42 PM

Waggaman, you say this will suck for everyone. It doesn’t look like that from where I’m standing. To me it seems like most people don’t mind being tracked. “I’m a law abiding citizen, I’ve got nothing to hide” they say. Not the words of people feeling bad about the state of things, eh?

Freecus
Freecus
May 28, 2022 12:39 PM

Social experiments are tested at scale in China, Russia provides the required scale for a Central Bank Digital Currency rollout.
Both corporations, ie. China & Russia, are controlled through their UN and BIS memberships,
Sovereign national decisions by ‘renegade’ leaders is just theatre.

Mr Y
Mr Y
May 28, 2022 12:59 PM
Reply to  Freecus

Who are the controllers? Please expand.

Geo Martin
Geo Martin
May 30, 2022 1:12 PM
Reply to  Mr Y

The same old money changers I’d wager.

Wisenox
Wisenox
May 28, 2022 12:05 PM

I love how they purposely misrepresent the currency so the sheep will accept it.
It should be called PROGRAMMABLE, because that’s what it really is.
The US has our own version:

Two natural components of the definition are a digital form of money and a mechanism for specifying the automated behavior of that money through a computer program (this mechanism is termed “programmability” in this note).

https://www.federalreserve.gov/econres/notes/feds-notes/what-is-programmable-money-20210623.htm

Ultimately, programmable currency is digital money and an AI algorithm that will determine how it can be used. 

Under the transaction scripting approach, a (small) program is attached to every discrete amount of value tracked by the system, indicating how that amount may be spent.

This means that the value backing the digital currency is based on your ability to use it.  i.e. what your social credit score (threat score) allows you to purchase.  An AI will be determining what, where, and how you can use your own money.  Wrote something negative on social media?  Now you can’t buy non-essential goods, maybe clothing. Show up at a protest over human rights abuse? Now you can’t buy food, or gas.

PROGRAMMABLE currency will be the end of free speech.
Only fools and sheep will support it.
Its a tool of ENSLAVEMENT.

Grafter
Grafter
May 28, 2022 11:27 AM

Use of PRESEARCH has now been BLOCKED

Victor G.
Victor G.
May 28, 2022 8:39 PM
Reply to  Grafter

How will they be able to detect PRECRIME without PRESEARCH?

James Charles
James Charles
May 28, 2022 10:51 AM

“19:17 we’re gonna lose four to five million barrels a day of Russian crude and another million barrels a day of kazakh
19:22 crude within the next two months and it’s just going to be gone so that’s the single largest disruption
19:29 to oil markets ever and it’s just around the corner . . .

59:35 now i see china with not just a demographic failure but a failure of
59:40 leadership a failure to policy an agricultural failure and an energy failure all at the same time it is
59:47 entirely possible that this is the last year of the people of the people’s republic“ ?

Justapleb
Justapleb
May 28, 2022 8:25 AM

Calm down: the Digital Ruble isn’t a replacement for Bitcoin or Monero; it’s a replacement for SWIFT transfers, which have been hijacked by the USA. SWIFT transfers weren’t private either, complete data on every SWIFT transfer is available to the US government. If you use SWIFT to send money from Switzerland to Singapore, the US gets full details of the transfer.
Even if the Digital Ruble is just as bad as SWIFT, at least you’ll have a choice as to which oppressive government gets to see your transactions. That’s a win. It’ll also mean that the bunch of gangsters in Washington won’t be able to strangle the economies of countries they don’t like (Cuba, Iran). Another win. If individuals in third countries will be able to use the Digital Ruble, sign me up!

Sophie - Admin1
Admin
Sophie - Admin1
May 28, 2022 8:30 AM
Reply to  Justapleb

You are just restating the point in the article. Same endpoint, different path. Russia will sell globalism as a heroic blow against Western hegemony. But it will still be globalism.

el Gallinazo
el Gallinazo
May 28, 2022 3:22 PM

Agree. The Russian rollout of the CBBC is designed for internal usage. SWIFT is for international trade settlement. Russia has recently again made noises about using BitCoin for some trade settlements which is neither centralized or programable. We shall see if this is just noise.

As Corbett would put it, on the basis two 2D chess (unless one is a staunch pacifist), Russia is justified in its invasion of Ukraine. If the ridiculous government of Ukraine had honored the Minsk 1&2 agreements both of which it signed onto, it would never have happened. But on a 3D chess level, it is obvious that Russia under the direction of Putin and Elvira Sakhipzadovna Nabiullina, the head of the Russian central bank, it is fully on board with the NWO global slave state. The immense privilege of the US dollar trade settlement reserve currency is an abomination, but the transfer of this privilege to a body such as the IMF, which is apparently what the globalists have in mind, would be even worse.

Victor G.
Victor G.
May 28, 2022 8:45 PM

Yeah, but Western hegemony could at last get its just deserts. Isn’t that worth a little sacrifice? We may even get the pleasure of seeing some of the old bosses swing and to my mind that always sends a signal.

eman
eman
May 28, 2022 10:21 AM
Reply to  Justapleb

not sure the CBDC is just a replacement for Swift, Swift is a message only system. This seems to be a currency transfer and posting of the credit and debit to the accounts of both sides system. we the governed need a system that requires no central bank, no swift, no currency exchanger, and that accurately advises buyers of liens and encumbrances before payment is released to a seller. In other words, a satisfactory system must accommodate or be a bank, a recording system, and a recording system and a legal system before it will work effectively in every day transactions between non trusted parties. Anyone can invent a digital currency system. and use it to convert currencies and transfer money, and to conduct buy sell business, and to transfer title to assets between parties.. So the problem of which system becomes enormous.. ?
Likely, once Russia implements their system they will add these other necessities to it?
If they do their system may become the gold standard the entire world uses.

The Russian central bank invented the Standard Quantity of goods or services = some value in gold system to eliminate the exchange difference between currencies; i.e. 1 barrel of oil = 1 oz of gold, there is no problem in translation of value differences between currencies.. what ever the standard quantity is, determines how many ounces of gold is the value, and
each side, gives up or receives sufficient, in its local currency domination, to buy that many ounces of gold. The QoC system eliminates not only swift, not only central bank involvement but also between currency translation, and also any need for a currency exchange. If Russia makes its system simple enough, since it is first, the Russian system, not the Ru, may be adopted worldwide nearly overnight and become the only system in use.

Could you please expand on this if you know the difference..I understand block chain, and I understate that local currency exchange is not a problem under the QoC system, but I don’t understand that the CBDC is both the instruction to transfer and the actual currency transfer rolled into one system. value transfer is not part of swift, value transfers between parties doing business in different currencies are today done between central banks and involve also a currency exchanger.

If the CBDC were a swift replacement only <= the money would still need to be transferred by the opposed parties.. if it is both a message and transfer then as above..

To me the question is: must I use the Russian digital currency transfer system to do business with a Russian, and a French system to do business with a Frenchmadam and a British system to sell weapons to a Ukraine warrior?

Is digitizing currency to end up to be a game of selecting virtual digital systems? Will I need 256 different wallets, one for each digital digital banking system..

another question i have is “how does the system protect its users from the crook in the system..”?
another question; Is the multiple digital currency system problem MDCSP? It suggests that only one system can exist globally, unless all digital wallets are kept in a network of central banks which implement all digital systems when need be.

John Ervin
John Ervin
May 29, 2022 4:45 AM
Reply to  Justapleb

That makes sense, and aligns with most of how I score the power struggle. For years I have seen the biggest threat to humanity and its future as being one power locking down the planet, more so than either sharing “partners or “adversaries”, and then on into its back pocket.

And there is one side (Perp) that has always seemed the most zealous (greedy/ambitious) in trying to do just that.

33° !! (That seems a very credible take.)

Jacques
Jacques
May 28, 2022 8:02 AM

My understanding is that as much as places like Moscow are probably some of the most affluent cities in the world, it’s not quite the case in the more distant rural regions. I wonder how digital money will work there. I mean, Russia is a big fucking country and I have a hard time believing that they have cell coverage throughout the territory. Sure, Putain couldn’t give a shit whether people out there in the sticks can transact, but the people give a shit and they’ll find a way. Actually, I’d say that it may be that different in Canada. Or is it that cell coverage is not required for digital currency? I don’t think so.

As to Russia in general, this little WWIII in Ukraine couldn’t have come at a better time for the West’s political scum. Just as covidianism began to wind down as people got somewhat riotous following the trucker convoy, the war provided another impetus to foist the crap on the world’s populace. Getting rid of outdated war toys is always good too, makes room for new ones.

Mr Y
Mr Y
May 28, 2022 3:05 PM
Reply to  Jacques

> Getting rid of outdated war toys is always good too, makes room for new ones.

Scam-19 meant a lot of state money for the pharma guys, now it’s the weapon guys turn.

John Ervin
John Ervin
May 29, 2022 4:25 AM
Reply to  Mr Y

Oh oh, there seems to be a line forming.

mgeo
mgeo
May 28, 2022 3:33 PM
Reply to  Jacques

+1. The overlords have an urgent need to drown out (a) the growing harm from the covid restrictions and jabs (b) the capitalist cul-de-sac in materials, pollution, profit and stability.

Rhys Jaggar
Rhys Jaggar
May 28, 2022 7:41 AM

I’m afraid these cyber-idiots-savants can’t stop people engaging in barter, however much they try. OK, you may get paid in digital tokens, you can use those for things like paying your mortgage, buying wine, buying food etc.

But once you have long-lived items purchased using CBDCs, what can the State do to stop you bartering those goods, in private, for other things?

Things you don’t want the State privy to.

It may mean a realignment of how you purchase things for privacy-loving individuals. But it certainly won’t mean absolute State control for those wily enough to know how to barter.

Terrorists will still barter drugs for arms. Rogue nations will barter oil for wheat.

Are we going to get ‘terms of sale’ which excludes resale at any time, to anyone??

Are we banning car boot sales?

Are we banning charity shops??

School and church fetes??

GundelP
GundelP
May 28, 2022 3:44 PM
Reply to  Rhys Jaggar

I am afraid with the nanotech shots they can control and check everything, every movement even thought. How will you barter with someone who is a spy, unknowingly but spy nevertheless?

“But once you have long-lived items purchased using CBDCs, what can the State do to stop you bartering those goods, in private, for other things?”

I doubt you’ll be able to buy such amounts you’ll have anything left to barter with. Just have a look at China, a tea bag for an aspirin maybe but ends there.

We just can’t allow them fulfill this, use cash, everyone, everywhere you can, just use cash please. I’ve been doing it for years now but in a supermarket it looks to me I am the only one or almost.

Antonym
Antonym
May 28, 2022 6:07 AM

No surprise; Xi wants the same thing which is absolute power. Homo Sapiens did not evolved to rule the whole Globe, specially not by a few uber psychopaths. AI or digital currencies will not change this evolutionary fact.
But at least a having a multi polar world allowing different niches gives more hope for something totally different to develop. That’s how Nature did it in the past, and will continue to do so in the future.

eman
eman
May 28, 2022 10:29 AM
Reply to  Antonym

maybe it is absolute power, but how could it also be made to facilitate absolute democracy. Where anyone in the world, could see what everyone else in the world has done and now owns or owes? I think the only way to defeat absolute power and the development of a hegemon is to maintain absolute democracy.

Lost in a dark wood
Lost in a dark wood
May 28, 2022 5:51 AM

Rothschild Owned & Controlled Banks
n = 135-138
Nov 11, 2017

https://qalerts.app/?n=135

Afghanistan: Bank of Afghanistan
Albania: Bank of Albania
Algeria: Bank of Algeria
Argentina: Central Bank of Argentina
Armenia: Central Bank of Armenia
Aruba: Central Bank of Aruba
Australia: Reserve Bank of Australia
Austria: Austrian National Bank
Azerbaijan: Central Bank of Azerbaijan Republic
Bahamas: Central Bank of The Bahamas
Bahrain: Central Bank of Bahrain
Bangladesh: Bangladesh Bank
Barbados: Central Bank of Barbados
Belarus: National Bank of the Republic of Belarus
Belgium: National Bank of Belgium
Belize: Central Bank of Belize
Benin: Central Bank of West African States (BCEAO)
Bermuda: Bermuda Monetary Authority
Bhutan: Royal Monetary Authority of Bhutan
Bolivia: Central Bank of Bolivia
Bosnia: Central Bank of Bosnia and Herzegovina
Botswana: Bank of Botswana
Brazil: Central Bank of Brazil
Bulgaria: Bulgarian National Bank
Burkina Faso: Central Bank of West African States (BCEAO)
Burundi: Bank of the Republic of Burundi
Cambodia: National Bank of Cambodia
Cameroon: Bank of Central African States
Canada: Bank of Canada – Banque du Canada

Lost in a dark wood
Lost in a dark wood
May 28, 2022 5:53 AM

https://qalerts.app/?n=138

Papua New Guinea: Bank of Papua New Guinea
Paraguay: Central Bank of Paraguay
Peru: Central Reserve Bank of Peru
Philippines: Bangko Sentral ng Pilipinas
Poland: National Bank of Poland
Portugal: Bank of Portugal
Qatar: Qatar Central Bank
Romania: National Bank of Romania
Russia: Central Bank of Russia
Rwanda: National Bank of Rwanda
San Marino: Central Bank of the Republic of San Marino
Samoa: Central Bank of Samoa
Saudi Arabia: Saudi Arabian Monetary Agency
Senegal: Central Bank of West African States (BCEAO)
Serbia: National Bank of Serbia
Seychelles: Central Bank of Seychelles
Sierra Leone: Bank of Sierra Leone
Singapore: Monetary Authority of Singapore
Slovakia: National Bank of Slovakia
Slovenia: Bank of Slovenia
Solomon Islands: Central Bank of Solomon Islands
South Africa: South African Reserve Bank
Spain: Bank of Spain
Sri Lanka: Central Bank of Sri Lanka
Sudan: Bank of Sudan
Surinam: Central Bank of Suriname
Swaziland: The Central Bank of Swaziland
Sweden: Sveriges Riksbank
Switzerland: Swiss National Bank
Tajikistan: National Bank of Tajikistan
Tanzania: Bank of Tanzania
Thailand: Bank of Thailand
Togo: Central Bank of West African States (BCEAO)
Tonga: National Reserve Bank of Tonga
Trinidad and Tobago: Central Bank of Trinidad and Tobago
Tunisia: Central Bank of Tunisia
Turkey: Central Bank of the Republic of Turkey
Uganda: Bank of Uganda
Ukraine: National Bank of Ukraine
United Arab Emirates: Central Bank of United Arab Emirates
United Kingdom: Bank of England
United States: Federal Reserve, Federal Reserve Bank of New York
Vanuatu: Reserve Bank of Vanuatu
Venezuela: Central Bank of Venezuela
Vietnam: The State Bank of Vietnam
Yemen: Central Bank of Yemen
Zambia: Bank of Zambia
Zimbabwe: Reserve Bank of Zimbabwe

The FED and the IRS
FACT: US Federal Reserve is a privately-owned company, sitting on its very own patch of land, immune to the US laws.

Lost in a dark wood
Lost in a dark wood
May 28, 2022 11:43 AM
Reply to  Brianborou

Dec 2016:

Brave Vladimir Putin has banned Jacob Rothschild and his New World Order banking cartel family from entering Russian territory “under any circumstances.” Putin recently reminded his cabinet that he paid off the Rothschild’s debt and “grabbed them by the scruff of the neck and kicked them out Russia’s back door.” This meeting featured the President pounding his fist on the table and vowing to destroy the New World Order, and according to a Kremlin source Putin is making great strides towards this goal. “They do not own the world, and they do not have carte blanch to do whatever they want. If we do not challenge them there will be other issues. We will not be bullied by them.”

To me, that sounds a bit theatrical. There may be some real stuff going on behind the scenes, but it’s probably not possible for us to know either way.

GundelP
GundelP
May 28, 2022 3:54 PM

I think he is with them, he openly praised China’ system, he played pandemic with the rest and graphene oxide was found in the Sputnik, too. Even a Russian hacker uploaded a video about the nanotech in their vax, showing the details in the database about his friend, GPS coordinates, that his friend was sleeping and many more.

However there is an interesting thing. Since the MAC address – that the vaxxed had MAC address – became a ‘public’ knowledge due to Dr Benito (La Quinta Columna) I checked from time to time and I did it on abroad, too. Last time I shared a hotel with a lot of Russian families, while everyone else (almost) had MAC, they didn’t or theirs is better hidden, they used another other solution? Two times I thought their started with a letter, C, E, but I am not sure because the range is big enough to know how was the exact owner and must have been much more than just two – maybe those two didn’t belong to people at all.

Brianborou
Brianborou
May 28, 2022 4:12 PM
Lost in a dark wood
Lost in a dark wood
May 28, 2022 11:06 PM
Reply to  Brianborou

Thanks, that’s a good article by Engdahl; and it’s more consistent with Putin’s projected style.

There’s a centuries-old war between the City of London Empire and Russia. I think Putin is probably on the side of Russian nationalism, but he had to play along with the WEF etc in order to get into a position of power. The difficulty for us plebs in trying to figure it out is that so much of it is theatre and we can never be sure what is and isn’t real.

John Ervin
John Ervin
May 29, 2022 6:33 AM

“The difficulty for us plebs in trying to figure it out is that so much of it is theatre and we can never be sure what is and isn’t real.”

Einstein said something like ‘any fool can know, but it takes a true intelligence to understand.” That surely is at a premium, geo-politically.

Though I think it’s not impossible for the analytical plebs to get a “feel” in scanning so many developments. If their scruples are in the right place.

Brianborou
Brianborou
May 29, 2022 7:42 AM

Yes, Russia is a mystery, however, the history between the West and Russia has been fairly consistent over the last 1,000 years or so. Indeed, whilst I was in Russia at the beginning of 2000, I witnessed first hand how weak Putin and the Russian Federation were. Therefore, he had to play a very skilful hand !

lea
lea
Jun 1, 2022 2:25 AM

For now i would take comfort knowing he is ‘on his own side’. To be sure, that does not mean he’s on ours either, but the enemy of my enemy and all that.
Someone commented earlier that as long as things seem multi polar there is always wiggle room at least, and i agree. Unfortunately, it still seems very likely in the ‘kind of good outcome’ rather then the potentially great outcome (which requires A LOT more people catching on to shenanigans), it has most of us plebs in the ‘traditional west’ end up as the big losers.

John Ervin
John Ervin
May 29, 2022 6:15 AM

Sounds, as far as theatre, like a pretty cool mise en scène. Or, if Tchaikovsky were alive today, he could make it a great opera, libretto by John Lennon. I really like it on all counts, but it comes off as fabulous.

roula
roula
May 28, 2022 12:01 PM
Reply to  Brianborou

Yes, sounds strong and persuasive. But there is a question unanswered here.
What is the source of all these claims attributed to Putin?

Victor G.
Victor G.
May 28, 2022 8:48 PM
Reply to  roula

Now, now …

Brianborou
Brianborou
May 28, 2022 10:13 PM
Reply to  roula
Dereck
Dereck
May 28, 2022 2:39 PM
Reply to  Brianborou

Hmm oh yes Putin kicked Rothschild’s out! ………..lol
https://www.rothschildandco.com/en/offices/ga-moscow/
Chabad lubavitch wont let him.

Brianborou
Brianborou
May 28, 2022 10:10 PM
Reply to  Dereck

Hmm, suggest you read what F.W. Engdahl has to say !

https://www.voltairenet.org/article168007.html

Brianborou
Brianborou
May 28, 2022 10:23 PM
Reply to  Dereck

Here is a little snippet from F.W. Engdahl article . !

Moreover, at the time of his arrest Khodorkovsky was in the process of negotiating via his Carlyle friend George H.W. Bush, father of the then-President George W. Bush, the sale of 40% of Yukos to either Condi Rice’s former company, Chevron or ExxonMobil in a move that would have dealt a crippling blow to the one asset left Russia and Putin to use for the rebuilding of the wrecked Russian economy: oil and export via state-owned pipelines to the West for dollars. During the ensuing Russian state prosecution of Yukos, it came to light that Khodorkovsky had also secretly made a contract with

London’s Lord Rothschild not merely to support Russian culture via the Open Russia Foundation of Khodorkovsky. In the event of his possible arrest (Khodorkovsky evidently knew he was playing a high-risk game trying to create a coup against Putin) the 40% share of his Yukos stocks would pass into the hands of Lord Rothschild.

roula
roula
May 28, 2022 11:23 PM
Reply to  Dereck

aywah

Rhys Jaggar
Rhys Jaggar
May 28, 2022 7:44 AM

If Fed is immune to US laws, it is also bereft of protection by US State Organisations like the police, fire services, the military etc etc.

Which means that citizens can go riot on Fed property without expecting the cops to appear. It means they can burn down Fed buildings without the firefighters coming along to clean up.

Without responsibilities, you don’t get any rights.

Does the Fed have its own mercenaries defending its own property??

I wonder….if so, name them, print their home addresses and send some people around to ‘have a full and frank discussion’ about their loyalties….

Lost in a dark wood
Lost in a dark wood
May 28, 2022 11:32 AM
Reply to  Rhys Jaggar

Does the Fed have its own mercenaries defending its own property??

The CIA, FBI, etc

John Ervin
John Ervin
May 29, 2022 5:48 AM

And just that fact alone violates the whole concept, and any charters, of a “Republic” and not to mention even more so any putative “democracy”. As if there have ever been many, or any.

Jefferson was pithy when he said over 2 centuries ago, very early in the game, that he feared banking interests more than standing armies.

Unrestrained Banksters and uncontainable software development, the 2 biggest threats among us, are they just untameable? Now, and coming? Any real or credible regulatory response, global or otherwise? Or are they just runaway?

Seemingly an absurd situation. I know as for me prayer is the only “imaginable” reflex.

Johnnycomelately
Johnnycomelately
May 29, 2022 10:40 AM

Just after 911 when Afghanistan was invaded this was online.
Just after Iraq was invaded this was online.
Just after Libia got invaded this was online.
Interesting how Q steals this and gives it a twist and made out trump who hired Goldman sachs – rothchild into his office was getting rid of the feds taking down the deep state LOL which was pure theater for the believers. (another name for Q drop is DEFECATE.
You was fed pure shit. literally.

Lost in a dark wood
Lost in a dark wood
May 29, 2022 12:12 PM

Just after 911 when Afghanistan was invaded this was online.

Just after Iraq was invaded this was online.

Just after Libia got invaded this was online.

Good; I’d be perfectly happy if you or anyone else were to provide sources.

Mr Y
Mr Y
May 28, 2022 10:38 AM

Exactly how does this control work? Please expand.

Lost in a dark wood
Lost in a dark wood
May 28, 2022 11:17 AM
Reply to  Mr Y

As an example, after the 2008 manufactured bankster crisis, Ron Paul tried to establish effective Congressional oversight. But the “audit the Fed” bill first got watered down; and then failed to get passed. To questions such as: “Who controls the Fed?” That’s one of the things an audit would answer. If, for instance, they’re taking instructions from the City of London, or the Bank for International Settlements, or the WEF, this should be known to the US public.

https://www.politico.com/story/2009/04/audit-the-federal-reserve-for-answers-021427
Audit the Federal Reserve for answers
By REP. RON PAUL
04/20/2009
A few weeks ago, the Federal Reserve responded to the American people’s increased concerns over our monetary policy by presenting new initiatives aimed at enhancing the Fed’s transparency and accountability. As someone who has called for more openness from the Fed for more than 30 years, I was pleased to see the Fed acknowledge the legitimacy of this need.

The Federal Reserve controls the flow of money and credit in our economy because Congress has abdicated its responsibility over the nation’s currency. This process therefore occurs centrally and almost completely outside the system of checks and balances.

The Fed is now pledging to reveal to the public more about its economic predictions; it calls this greater transparency. This is little more than window dressing at best, and it’s utterly useless at worst. . . . There is a statute in place that allows audits of the Federal Reserve; however, the most crucial activities of the Fed are specifically exempted. I seek to remove these exemptions to get a clearer picture of what is going on with our monetary system. For instance, what arrangements does it have with other foreign central banks? What the Fed does on that front could very well affect or undermine foreign policy — even contribute to starting a war. We also need to know the source and destination of funds provided through the Fed’s emergency funding facilities. This information will provide a more accurate and complete picture of the true cost of these endless bailouts and spending packages and could very likely affect the decisions being made in Congress.

But with so much of the Fed’s business cloaked in secrecy, these latest initiatives will not even scratch the surface of the Fed’s opaque operations. . . .

https://en.wikipedia.org/wiki/Federal_Reserve_Transparency_Act
“I strongly oppose Audit the Fed,” said Federal Reserve chief Janet Yellen, saying that it would “bring short-term political pressures to bear” on the central bank and dissuade it from making the “hard choices” needed to curb inflation.[27] The central bank’s chair, in opposing the idea, said it would “politicize monetary policy.”[28]

Thomas Frey
Thomas Frey
May 28, 2022 9:40 PM
Reply to  Mr Y

CBDC will be programed to exprie so that you cannot save money.
If you try to buy things that they don’t want you to have, the transaction will be denied.
If you travel where you are not allowed to go, you cannot buy anything.
If your social credit scoring is too low, you are charged more or not allowed to buy.
If you say things that they don’t like, you can’t buy anything, because that lowers your social credit scoring.
If you purchase too much of any foods they don’t like, you won’t be allowed to buy them anymore.
If you exceed your carbon footprint, then your social credit scoring goes down and no more air for you, or no more fuel.
The list is endless.

Paul Vonharnish
Paul Vonharnish
May 28, 2022 3:42 PM

Excellent post by Lost in a dark wood. The Rothschild bank has been the backbone of wars and civil strife since 1609. See: > Bank of Amsterdam – Wikipedia

Another excellent read can be found here: >History of the Rothschild Bank, World’s Biggest Bank
History of the Rothschild Bank, World’s Biggest Bank | NewYork.org

The Warburg, Kuhn Loebs, Goldman Sachs, Shiff, and Rothschild intermarriages have hammer locked trade and finance for hundreds of years.

The “Great Reset” is simply an adjustment to the accounting methods…

Stuart
Stuart
May 28, 2022 4:42 AM

I remember reading a few years ago how the Russian central bank had been set up under Yeltsin’s presidency by the central Bank Cabal & was significantly controlled by the Cabal and that unwinding the Cabals tenticals would be a serious task as the central banks charter had been written into the Russian constitution. We know Putin passed a law a few years ago stopping outside interference from international orgainsations. within Russia, (such as the UN the WHO etc), yet Putin allowed the WHO to dictate in the Covid Scamdemic and we can see the Russian Central Bank setting up a plan that will enable outside forces to track & trace companies trading with Russia, Tracking those who are breaching US/International sanctions. If Putin wanted a Digital currency that would benefit Russia he could have ordered the Russian Central bank to adopt an existing Privacy Crypto currency, which have all so far avoided being breached and have kept all transactions private so far.

el Gallinazo
el Gallinazo
May 28, 2022 4:40 PM
Reply to  Stuart

Some inside Russia sources indicate that the disabling and death toll of Sputnik V is enormous and forcibly covered up. Euphemistically referred to as a “vector vaccine,” the actual payload is synthetic DNA (as opposed to mRNA). The adenovirus “vector” allows the “vaccine” to penetrate the nucleus wall as well as the cell wall, and insert itself into chromosomes in a manner similar to retroviruses.

Few would argue that Putin is not intellectually brilliant, perhaps even genius level. I am quite sure he understood all this before the fake vaccine rollout was enabled. I would even bet the farm that he understood by early 2020 that cv-1984 was a complete hoax, and that no such virus exists (assuming his buddy, Henry the K, had not informed him years earlier). I really had hopes riding on Putin, but my understanding of these facts and extreme probabilities above dashed them. He is totally on board with the global, technocratic, fascist, dystopian state, and is playing a role as the beleaguered victim in this ongoing kabuki theatre. The Russo-Ukraine war is enabling global hyperinflation, starvation, continued supply chain disruption, and the soon to be realized takedown of the US dollar as the world trade settlement currency. All this is necessary to insure total chaos and then the “build back better” global dystopian state, when the 99% of the world appeal to their Overlords to save them. And they have just the plan, and we will own nothing and be happy.

Ron
Ron
May 28, 2022 2:20 AM

You Westerners are being led into a dark room with pedophiles. Mainstream media and this website is only giving a glimpse of what is actually happening.

Russia’s Central Banker, Elvira Nabiulina (picture above), is a Russian Deep State traitor. She is either clueless or being led by the WEF (Western Uni-polar finance system). The person everyone in the West should read about is Sergey Glazyev.

This is sample from March, 2022:

It was a long time coming, but finally some key lineaments of the multipolar world’s new foundations are being revealed.
On Friday, after a videoconference meeting, the Eurasian Economic Union (EAEU) and China agreed to design the mechanism for an independent international monetary and financial system. The EAEU consists of Russia, Kazakhstan, Kyrgyzstan, Belarus and Armenia, is establishing free trade deals with other Eurasian nations, and is progressively interconnecting with the Chinese Belt and Road Initiative (BRI).
For all practical purposes, the idea comes from Sergei Glazyev, Russia’s foremost independent economist, a former adviser to President Vladimir Putin and the Minister for Integration and Macroeconomics of the Eurasia Economic Commission, the regulatory body of the EAEU.
Glazyev’s central role in devising the new Russian and Eurasian economic/financial strategy has been examined here. He saw the western financial squeeze on Moscow coming light-years before others.
Quite diplomatically, Glazyev attributed the fruition of the idea to “the common challenges and risks associated with the global economic slowdown and restrictive measures against the EAEU states and China.”
Translation: as China is as much a Eurasian power as Russia, they need to coordinate their strategies to bypass the US unipolar system.
The Eurasian system will be based on “a new international currency,” most probably with the yuan as reference, calculated as an index of the national currencies of the participating countries, as well as commodity prices. The first draft will be already discussed by the end of the month.
The Eurasian system is bound to become a serious alternative to the US dollar, as the EAEU may attract not only nations that have joined BRI (Kazakhstan, for instance, is a member of both) but also the leading players in the Shanghai Cooperation Organization (SCO) as well as ASEAN. West Asian actors – Iran, Iraq, Syria, Lebanon – will be inevitably interested.
In the medium to long term, the spread of the new system will translate into the weakening of the Bretton Woods system, which even serious US market players/strategists admit is rotten from the inside. The US dollar and imperial hegemony are facing stormy seas.
Show me that frozen gold
Meanwhile, Russia has a serious problem to tackle. This past weekend, Finance Minister Anton Siluanov confirmed that half of Russia’s gold and foreign reserves have been frozen by unilateral sanctions. It boggles the mind that Russian financial experts have placed a great deal of the nation’s wealth where it can be easily accessed – and even confiscated – by the “Empire of Lies” (copyright Putin).
At first it was not exactly clear what Siluanov had meant. How could the Central Bank’s Elvira Nabiulina and her team let half of foreign reserves and even gold be stored in Western banks and/or vaults? Or is this some sneaky diversionist tactic by Siluanov?
No one is better equipped to answer these questions than the inestimable Michael Hudson, author of the recent revised edition of Super Imperialism: The Economic Strategy of the American Empire.
Hudson was quite frank: “When I first heard the word ‘frozen,’ I thought that this meant that Russia was not going to expend its precious gold reserves on supporting the ruble, trying to fight against a Soros-style raid from the west. But now the word ‘frozen’ seems to have meant that Russia had sent it abroad, outside of its control.”
“It looks like at least as of last June, all Russian gold was kept in Russia itself. At the same time it would have been natural to have kept securities and bank deposits in the United States and Britain, because that is where most intervention in world foreign exchange markets occurs,” Hudson added,
Essentially, it’s all still up in the air: “My first reading assumed that Russia must be doing something smart. If it was smart to move gold abroad, perhaps it was doing what other central banks do: ‘lend” it to speculators, for an interest payment or fee. Until Russia tells the world where its gold was put, and why, we can’t fathom it. Was it in the Bank of England – even after England confiscated Venezuela’s gold? Was it in the New York Fed – even after the Fed confiscated Afghanistan’s reserves?”
So far, there has been no extra clarification either from Siluanov or Nabiulina. Scenarios swirl about a string of deportations to northern Siberia for national treason. Hudson adds important elements to the puzzle:
“If [the reserves] are frozen, why is Russia paying interest on its foreign debt falling due? It can direct the “freezer’ to pay, to shift the blame for default. It can talk about Chase Manhattan’s freezing of Iran’s bank account from which Iran sought to pay interest on its dollar-denominated debt. It can insist that any payments by NATO countries be settled in advance by physical gold. Or it can land paratroopers on the Bank of England, and recover gold – sort of like Goldfinger at Fort Knox. What is important is for Russia to explain what happened and how it was attacked, as a warning to other countries.”
As a clincher, Hudson could not but wink at Glazyev: “Maybe Russia should appoint a non-pro-westerner at the Central Bank.”
The petrodollar game-changer
It’s tempting to read into Russian Foreign Minister Sergey Lavrov’s words at the diplomatic summit in Antalya last Thursday a veiled admission that Moscow may not have been totally prepared for the heavy financial artillery deployed by the Americans:
comment image
“We will solve the problem – and the solution will be to no longer depend on our western partners, be it governments or companies that are acting as tools of western political aggression against Russia instead of pursuing the interests of their businesses. We will make sure that we never again find ourselves in a similar situation and that neither some Uncle Sam nor anybody else can make decisions aimed at destroying our economy. We will find a way to eliminate this dependence. We should have done it long ago.”
So, “long ago” starts now. And one of its planks will be the Eurasian financial system. Meanwhile, “the market” (as in, the American speculative casino) has “judged” (according to its self-made oracles) that Russian gold reserves – the ones that stayed in Russia – cannot support the ruble.
That’s not the issue – on several levels. The self-made oracles, brainwashed for decades, believe that the Hegemon dictates what “the market” does. That’s mere propaganda. The crucial fact is that in the new, emerging paradigm, NATO nations amount to at best 15 percent of the world’s population. Russia won’t be forced to practice autarky because it does not need to: most of the world – as we’ve seen represented in the hefty non-sanctioning nation list – is ready to do business with Moscow.
Iran has shown how to do it. Persian Gulf traders confirmed to The Cradle that Iran is selling no less than 3 million barrels of oil a day even now, with no signed JCPOA (Joint Comprehensive Plan of Action agreement, currently under negotiation in Vienna). Oil is relabeled, smuggled, and transferred from tankers in the dead of night.
Another example: the Indian Oil Corporation (IOC), a huge refiner, just bought 3 million barrels of Russian Urals from trader Vitol for delivery in May. There are no sanctions on Russian oil – at least not yet.

Donald Duck
Donald Duck
May 28, 2022 9:13 AM
Reply to  Ron

It’s questionable whether or not Elvira Nabiullina can coexist with Sergei Glazev. It seems a bit like pitting Michael Hudson against Jerome Powell. This mismatch has been going on since the late 19th century, with Alexander Hamilton in the US and Freidrich List in Germany both opted for a national system of national political economy against the British laissez-faire financialised system.

Donald Duck
Donald Duck
May 28, 2022 9:28 AM
Reply to  Ron

Yep, Elvira was asleep at the wheel as Russian assets worth a cool three hundred billion dollar assets were stolen from right under her nose. Also see Paul Craig Roberts in this respect.

The Atlantic Integrationists are still a force in Russia but lying low until a more favourable situation comes along.

roula
roula
May 28, 2022 11:55 AM
Reply to  Donald Duck

This Glazev is hard to believe in. When he talks, he makes little sense, though he is quite self-aggrandized and full of hot air, similar to purely fictitious Valerij Solovej.
His main skill, like Solovey’s, may be self-promotion and deep delusional personality.
Or someone promotes him for motives hard to figure out, again like Solovey.

dan
dan
May 28, 2022 12:07 PM
Reply to  Ron

Spoiler ~ UK and Russia are closet besties?

mgeo
mgeo
May 28, 2022 3:49 PM
Reply to  Ron

The article you quote so extensively is outdated. According to Central Bank of Russia in 2022-03, the gangsters only deprived Russia of access to $300 billion in currency reserves. Not a big issue as Russia is likely to default soon precisely on the grounds of this hold-up. Much of the balance $340 billion is in gold held in Russia.

TRM
TRM
May 28, 2022 1:45 AM

The only sane way is to for each individual to have 2 accounts. One for dealing with the government and a second one for all other transactions. The account that the government knows is you can be used for communication, paying taxes, receiving payments. The second you would use for all your private transactions and the government can’t get that without a court order (and your blockchain authentication).

Anything less ends in slavery.

Jax
Jax
May 28, 2022 3:11 AM
Reply to  TRM

slavery never ended, never will. america, like all countries, is a human farm. your owners are human farmers. just because you can pick any job you want (within your limited means) on the plantation, does not mean you are free. you work for your masters or you live on the streets and pick through garbage.

george floyd is a fictional character
nasa is all fake, moon landing, iss, satellites, nukes, all fake
covid doesn’t exist
morgan freeman is jimmy hendrix (look at google images, if you cannot see it you are hopelessly brainwashed) just one of many, many freemasonic makavelian tricks

the word government means mind control
govern, to control or limit
ment, i.e MENTal, mind

again
all countries are human farms
the owners farm people

the very best slaves, never even know they are slaves
like the tin man in oz, they work until they rot away and can barely move

Howard
Howard
May 28, 2022 3:38 AM
Reply to  Jax

You neglected to mention one of the slaves: the owner. He, she or it is every bit as enslaved by the set-up as those he “owns.” He just doesn’t know it.

So at least we the slaves are one up on him.

Willem
Willem
May 28, 2022 6:36 AM
Reply to  Howard

The sadistic universe

John Ervin
John Ervin
May 28, 2022 7:53 PM
Reply to  Willem

“The universe is a labyrinth with a heart at its centre.”

~after GK C, “The Father Brown Omnibus”

J A
J A
May 28, 2022 9:13 AM
Reply to  Jax

slavery never ended, never will. america, like all countries, is a human farm. your owners are human farmers. just because you can pick any job you want (within your limited means) on the plantation, does not mean you are free. you work for your masters or you live on the streets and pick through garbage.

Yup

george floyd is a fictional character
nasa is all fake, moon landing, iss, satellites, nukes, all fake
covid doesn’t exist
morgan freeman is jimmy hendrix (look at google images, if you cannot see it you are hopelessly brainwashed) just one of many, many freemasonic makavelian tricks

bwaaahahahahahahahahaha

John Ervin
John Ervin
May 28, 2022 7:39 PM
Reply to  J A

I believe the correct nomenclature is “ranchers”. That’s why they call them “brands”: Circle Bar Bezos, with a branding iron, soon enough as a tat on all Amazon Prime drivers.

NickM
NickM
May 28, 2022 6:17 AM
Reply to  TRM

With heavy penalties for even attempting to breach online privacy. Or for online censorship. Billion dollar fines for Google, Microsoft, Intel and the like. Plus death penalty for politicians, civil servants and their spy agencies.

What Laws protect our privacy? Who makes them? Who supervises them? Likewise, what Laws protect free speech and open access to the worldwide web.

Quis custodiet ipses custodienses? (Who supervises the supervisor?) — Juvenal

Rhys Jaggar
Rhys Jaggar
May 28, 2022 7:46 AM
Reply to  NickM

I don’t know why you fine Google, Microsoft et al but put politicians to death. It should be entirely the other way around. We all know who is in charge…..

NickM
NickM
May 28, 2022 2:54 PM
Reply to  Rhys Jaggar

All of these are small fry; big enough to provide a salutary example but still small enough to to be prosecuted (in a society with a healthy justice system). But relative paupers like Gates, Bezos etc are mere minnows compared to the really big sharks, those banking dynasties who are “too big to fail”.

les online
les online
May 28, 2022 1:30 AM

‘Transparency International rates Ukraine’s democratic process as 39.3% compared to 5.4% for Russia.’
Does this means that banning opposition parties has become a hallmark of ‘the democratic process’ / democracy ?

It’s getting hard to tell these days whether what one’s reading is propaganda, or not. Wise heads would probably advise “take it all with a pinch of salt !”

This Asiatimes article made me wonder why Russia hasnt already lost the US/NATO proxy war against it in the Ukraine…

https://asiatimes.com/2022/05/russias-war-riddled-with-corruption-and-distrust/

NickM
NickM
May 28, 2022 5:30 AM
Reply to  les online

Asia Times has managed to lose Pepe Escobar — again. Tells you all you need to know; they probably aim to live up to that Times in the title: Like the Times (of London) the New York Times and the Financial Times, publish only what their owners want the public to believe.

“To lose one’s star investigative reporter once is a misfortune. To lose him twice sounds like carelessness” — with apologies to Lady Bracknell.

mgeo
mgeo
May 28, 2022 3:56 PM
Reply to  NickM

Pepe probably got a better job. With his contacts and knowledge, he could be a consultant to anyone, or lecture.

Edith
Edith
May 28, 2022 6:15 AM
Reply to  les online

All nonsense….Russia has basically reclaimed most of Donbas at this point…Ukraine army in complete disarray. Yet the world press keeps up the nonsense that Russia doesn’t know how to fight a war…guess it makes the press feel good…

Rhys Jaggar
Rhys Jaggar
May 28, 2022 7:48 AM
Reply to  Edith

More like it keeps talk of ousting Biden, Johnson, Scholz et al in abeyance…..

les online
les online
May 28, 2022 7:43 AM
Reply to  les online

The size of the Russian economy is said to be about that of Italy’s, or of Spain’s, even of Australia’s economy, but in terms of PPP it seems size doesnt really count…
‘In terms of Purchasing Power Parity (PPP) China’s economy overtook America’s economy back as much as six years ago.’
https://www.tabletmag.com/sections/news/articles/is-america-the-real-victim-of-anti-russia-sanctions

Donald Duck
Donald Duck
May 28, 2022 9:53 AM
Reply to  les online

Measurement of paper money movements and that of actual value carrying goods is not a useful way to measure wealth. So the US central bank produces paper currency, which is then used to buy various assets such as Treasurys (more paper) stocks (more paper) and hey presto wealth is created … only it isn’t. It is just figures on a piece of paper or figures on a computer. This is what a financialised economy looks like. During the great inflation in Germany in the early 1920s the face value of circulating doubled and doubled again and again. The ‘value’ the paper mark against the gold mark became worth exactly one- million-millionth of a gold mark.

This is where we are present with further to go. I think that it was Von Mises referred to this as a ‘crack-up’ boom when the populace would buy anything – pianos for some reason were sought after – in order to get rid of worthless currency.

But of course the game will go on as it always had.

Rhys Jaggar
Rhys Jaggar
May 28, 2022 7:47 AM
Reply to  les online

That’s a load of rubbish for a start. Who funds TI and are they driven by US agendas?

Veri Tas
Veri Tas
May 27, 2022 11:50 PM

Wouldn’t it be great though if programmable CBDC everywhere were to stop people paying for hamburgers & chips with Coke at MCD? – I’ll bet they won’t do that – MCD is a mega corporation, after all.

Clive WilliamsCoronavirus
Clive WilliamsCoronavirus
May 28, 2022 12:33 AM
Reply to  Veri Tas

They can say ‘We Never Closed’. I know a billionaire who’d stop there, right down to little old me ‘do I have enough loose change’. 🙄

Amanda Ware
Amanda Ware
May 28, 2022 12:52 AM
Reply to  Veri Tas

No it would not be great if programmable CBDC could control what people could spend their money on and only a smug idiot would think it would

Benton
Benton
May 27, 2022 11:10 PM

Don’t hold your breath waiting for KGB-Putin to come and save you.

dude
dude
May 27, 2022 11:05 PM

So turns out Russia is evil after all!

roula
roula
May 27, 2022 11:17 PM
Reply to  dude

There are analysts in Russia, quite a number of them and not of mediocre calibre, who claim that NWO/Great Reset and Klaus Schwab and his cohort are the ones who lit up the torch of communism anew and carry it on to bring people freedom and opportunity, i.e. interpret the GR of capitalism by Schwab through Soviet lenses. Impossible to believe it, yet true.

CK_
CK_
May 28, 2022 1:36 AM
Reply to  dude

Yup!

John Ervin
John Ervin
May 28, 2022 7:40 PM
Reply to  CK_

NYET!

roula
roula
May 27, 2022 10:55 PM

This recent already ”post-war” re-election of Nabiulina by Putin, along with Siluanov heading the Russian Finance and Skorobogatova – her name is a real pun or nomen-omen joke I reckon – is a clear message of reassurance [ both Nabiulina and Skorobogatova are US-educated characters who were trained there how to retranslate Their Masters’ Voice into the Russian statehood], obedience and renewed allegiance to the Rothschilds, WTO, WMF and you name it that Russia complies, still complies, that nothing changes and the yoke remains. The rest of the reheated myth of the Soviet Russian resistance is in texture just vapors, ”opium for the masses” – like the yester MP’s from the Crimea manifesto, in my opinion great and indeed needed, of pulling out Russia from the dwarfish Bologna education system, a pygmy which leashed the giant, or banning the English language knut from Russian education – and as opium of no real importance.
But the worn-out face of Nabiulina is a guarantor that the old game is played on, nothing changes and nothing is really going on …

eman
eman
May 28, 2022 1:15 AM
Reply to  roula

I thought the great reset meant that the governed people of the world were going to eject into out space all nation state governments, their leaders, bureaucrats, agencies, private contractors, and their corporate copartners..Did I misunderstand?

Kalen
Kalen
May 28, 2022 4:33 AM
Reply to  roula

NATO -Russia proxy war was never between globalists and anti globalists. It is positioning of global oligarchs country club members for “friendly” competition where they are ready to sacrifice billions of people in their game of control, influence and profits. Proof of that is that so far despite rhetoric no Russian or western billionaires were hurt. Only we the people are being screwed once again.

The best analogy is: Putin finally pulled a big gun on cheaters at the poker table in a burning saloon saying “gentleman calm down and nobody gets hurt”.

roula
roula
May 28, 2022 3:38 PM
Reply to  Kalen

Not even this. Think about the one sentence of Lavrov about antisemitism of the Jews, what happened world over, and how Putin apologized to the State of Israel and discredited his own key Minister in the eyes of the whole world.
And how Lavrov, shamed as he was, then said nothing about it, took no stance, but merely allowed that his own words had been ”cancelled” or ”deleted”.

Big al
Big al
May 27, 2022 10:46 PM

I got a nice cave for sale if anyone’s interested. Two bed, two bath (sort of), close to, uh, nature, and away from, uh, it all.

Who knows what this means relative to the “Great Reset” and the western globalists. It could be just how humans roll. There has to be continuous movement toward something, something always has to be invented or created that is bigger, better, more technology, more weapons, more, more, more. It can’t be stopped. Hell, I remember when Russians couldn’t wear jeans, and those that did had to get them on the black market. Same with Rock and Roll. Forbidden, until the wall came down and Metallica showed up. The commies couldn’t stop capitalism. Now they’ve got this option and obviously can see it as a way to control their place in the world, their people, their systems, whether that be independent from the evil Klaus Schwab or not.

But talk about bad news. This is like the noose being put over the head and around the neck. We’re not just standing on the execution tower, they’re getting ready to pull the rope. At least in Russia. The upcoming fight between the citizens of the world and our wannabe masters is going to get interesting.

eman
eman
May 28, 2022 1:39 AM
Reply to  Big al

i agree the “Upcoming fight between governed citizens worldwide and the owners and operators of the nation state system is going to be very interesting.. I heard not long ago, an idea that the first battle should be to force into law, rules that make including lies, mis statement, fabrication, falsehoods, and so on, into content that is distributed on media into torts. If these included things, seen by audiences, are recognized by courts as torts, it might afford Plaintiffs offended or harmed by intentional “included torts” to be able to obtain judgement for Plaintiff, and have juries award damages? The idea as i understand it, was to convert Tort lawyers into freedom fighters. The background was that tort lawyers were the warriors that took Tobacco use and the advertising that made a habit forming carcinogenic out of the mainstream; so why could they not take the lies, deceits. mis-statements, fabrications, and so on out of the media.

Howard
Howard
May 28, 2022 1:58 PM
Reply to  Big al

The upcoming fight between the citizens of the world and our wannabe masters is going to get interesting.

Yes it is – right up to the point when smart phones and big screen TVs go on sale for half price. Then it’s a great big “Come On Down!” to the lords and ladies of the cocktail circuit.

Martin Usher
Martin Usher
May 27, 2022 10:27 PM

We in the US have Congress propose a law that would prevent Apple and Google’s payment systems from conducting transactions in CNY “for security reasons”. Expect Russia to get the same treatment, if and when they get the digital ruble figured out.

This has nothing to do with the war in the Ukraine. The action against China — “yet more action against China” — is just a version of the process of boiling a live frog. You just keep ramping up sanctions and restrictions bit by bit until the frog — Russia, in this case — is cooked, its too late for it to jump out of the pot. This is what’s caused the invasion — Russia went ‘screw it’ and decided to stop playing the game. China has its own set of responses. Its a pity our legislators can’t think of anything more constructive to do.

As for digital currency conspiracy theories, we’ve had digital currency for years. Its run by the banks (we call them things like “credit cards”) and they extract their own version of VAT for using them, typically around 3%. You can use cash but its easy to get robbed, either by traditional criminals or the forces of law ‘n order who decide on vague, but often quite obviously racial and class grounds, whether you’re entitled to it or not. Real digital currencies shouldn’t have the fees associated with their use, especially the rather high international transaction fees that banks charge.

Lizzyh7
Lizzyh7
May 27, 2022 11:11 PM
Reply to  Martin Usher

We may have had digital currency for years via credit cards, etc. But this won’t be the same once fully implemented and you know that. Sure, right now if desired the banks can limit what I may purchase with a credit card, and as you state I can get around that using cash. But cash will be outlawed, period. Worthless essentially, so who would trade in it? Maybe a black market, undoubtedly there will be a black market, but how far can that go? When your rent payment, mortgage payment, utility payment, whatever can be fully programmed, then our owners will have complete control. Should they decide to increase the price of such things they’ll simply take those funds whether you agree or not. One can get a lawyer and sue I imagine, but who will have funds for that under a fully controlled system? It may be premature to panic about CBDC at present, but the intention has been presented to us and that at the very least means programmable, CONTROLLABLE currency is what we’ll get if our owners get their way. Pass that off as wild ass CT all you want, but these people do tell us what they intend and unless we find a way to stop them, or get around their systems, they’ll no doubt implement it.

But hey, I’m sure they’ll only have our best interests at heart, right?

Amanda Ware
Amanda Ware
May 28, 2022 12:56 AM
Reply to  Martin Usher

How interesting that you – an obvious shill – are tasked with promoting the idea there is a genuine East-West conflict and that digital currencies are a good thing. Thank you for giving g us such clear insight into the one percent’s agenda

Martin Usher
Martin Usher
May 28, 2022 5:46 AM
Reply to  Amanda Ware

I’m not an “obvious shill”, just an old person living in California who’s been living with the East-West conflict for literally all my life. As for digital currency restrictions, its already here, has been for years. Government benefits that are not paid directly into a bank account are paid by debit card and for some classes of benefit, particularly welfare, the cards are not valid for anything other than a restricted set of transactions. Cash is already dicey –large denomination notes have been phased out in many countries (India, the EU) and the problem of law enforcement deciding that people that they find with large amounts of cash which is obviously criminal in nature (and so needs to be confiscated) is rampant.

I’m not advocating anything, just telling people like it is. If that makes me a ‘shill’ then so be it. I actually think that denying this is a sign that someone’s been taken in by some rather clever propaganda.

Howard
Howard
May 28, 2022 3:07 PM
Reply to  Martin Usher

But groundwork has already been laid for the worst results of a digital currency to occur. Here in the US, banks were given the green light to start putting customers’ accounts in the “asset” column and take them out of the “liabilities” column. I believe that was part of the Dodd-Frank Law.

Only a first step, yes; but a journey…begins with one step.

Edith
Edith
May 27, 2022 10:29 PM

Oh dear wonder who got paid to produce that shit study.

Martin Usher
Martin Usher
May 28, 2022 5:48 AM
Reply to  Edith

Bombard thin air with significant amounts of UV and you’ll get all sorts of interesting stuff. These molecules, being reactive, won’t last down to our level. That’s why they’ve only just been discovered.

les online
les online
May 28, 2022 12:56 PM
Reply to  Edith

The research paper would have gone unreported by the media had it not been for how the findings could be used as propaganda. The Dailymail report is propaganda. The findings were not allowed to remain neutral. They were immediately seized and made to serve climate change claims.
In the psyops war being waged against us nothing, especially science, is allowed to remain neutral

Edwige
Edwige
May 27, 2022 8:20 PM

Listening again to the Day tapes and they get more creepy with every year:
https://www.youtube.com/watch?v=n4i5zE4hp8U

One of the very first lines – that there is much less difference between the West and the USSR than is usually supposed.

Antony Sutton interviewed about Wall Street’s role in the Russian Revolution:
https://www.youtube.com/watch?v=pd9B3cilgHY

He mentions near the end that Western electrical companies had supplied the Soviets with the means to make their submarines ten times quieter – which meant Wetern governments were shelling out to upgrade their submarine listening equipment. That’s the business model right there.

BTW Corbett/PIlato mention Kissinger saying recently that the West had gone too far on Ukraine and some realpolitik was necessary. Kissinger a peacemonger! This is what the world’s come to. Is Heinz ahead of the curve and reining in the underlinings – or behind it and perhaps in need of one of Day’s demise pills?

TRM
TRM
May 28, 2022 2:19 AM
Reply to  Edwige

Heinz is scum but both Putin and Ivanov say very nice things about him. Maybe they admire the petrodollar scam he initially engineered lasting for 5+ decades? Maybe professional courtesy “one spook to another”? Who knows but it makes me nervous.

When Putin withdraws from the WHO or follows the lead of Brazil saying F’Off to the new pandemic treaty I’ll take notice. When he gives the financial reigns to Glazyev then you have my attention.

Let’s face it all governments are control freaks and “Control freaks gonna control freak”

Clive WilliamsCoronavirus
Clive WilliamsCoronavirus
May 27, 2022 7:41 PM

Laundering token no coin slot, yea we get it.
Seems that’s what people wanted I hardly ever see people pay with cash anymore so what now?

John Ervin
John Ervin
May 27, 2022 11:14 PM

I can’t vouch for all humankind, but I use cash only 10% of what I used 20 years in the past. Just as I got up to change the channel 10% or less of what I did the year after I got my first remote. 50 years ago.

Maybe it’s the slacker in our kind that is causing all this entropy? No doubt partly.

Rhys Jaggar
Rhys Jaggar
May 28, 2022 8:00 AM
Reply to  John Ervin

Things paid for regularly in cash in my neck of the woods:

  1. Tea, coffee and cakes in tea/coffee shops, at church halls etc.
  2. Payment of hairdressers.
  3. Payment of gardener.
  4. Payment of butcher.
  5. Payment for beer/wine in the pub.
  6. Payment of taxis.
  7. Payment for newspapers (my mother doesn’t use the internet).

Things paid for regularly using credit/debit cards:

  1. Weekly food delivery.
  2. Eating out in restaurants/pubs.
  3. Buying clothes.
  4. Online purchases of seeds, cooking equipment, books, gardening equipment.
  5. Investments in stores of wealth/growth investments.
  6. Tube travel, car hire and buying petrol.
  7. Topping up PAYG mobile phone tab.

The only thing that has really changed the past 20 years is the ability to buy things online.

The only one of those 14 that has changed column is tube travel, since it’s only in that timescale that using Oyster Cards/contactless payment at barriers has become possible.

John Ervin
John Ervin
May 29, 2022 6:44 AM
Reply to  Rhys Jaggar

My knowledge 9f the stats is personal and anecdotal, but by my lifestyle it’s easier and less hassle just to use my debit card almost all the time. I think I am going to switch to cash now though.

(When I busk, musically, it’s ALL cash.)

Jeffrey Strahl
Jeffrey Strahl
May 27, 2022 7:12 PM

Yes, Putin is really gonna kick over the entire Great Reset agenda, soon, just you wait and see, his time is coming any day now, don’t worry about him, no.  😀 
Abe Lincoln did say you can fool some of the people all the time. I wonder if he was thinking about Putin groupies.
Thanks for another excellent one, Riley, you are churning them out one after another these days.

John Ervin
John Ervin
May 27, 2022 9:28 PM
Reply to  Jeffrey Strahl

This screech does nothing to suggest the wisdom of “keep your friends close and your enemies closer” hasn’t been applied, nor does it really argue that observers should bolt from a neutral position, any lovin’ or hatin’ aside?

“The reason some portraits do not appear true to life is that some people make no effort to resemble their pictures.”. ~ Salvador Dali

(“When I choose a word it means exactly what I choose it to mean.” ~ Lewis Carroll)

roula
roula
May 27, 2022 10:32 PM
Reply to  Jeffrey Strahl

One Muslim Russian thinker Gheidar Jahidovitch Dzhemal said that the execution of the Romanovs had an unprecedented metaphysical meaning, a shock to the wolrd and a hope too powerful to ever erase it.
A century later we still believe in this meaning and in that Russia that did it, and then marched out of that event at Ipatiev’s House a 2-million Red Soviet Army of Workers and Peasants.
We refuse to understand what happened to the Soviet heritage. And the utter destruction and demolition of the Soviet heritage is painted on Putin’s face and is ticking in the belly of putinism all over.
We choose to live a delusion instead. 

Benton
Benton
May 27, 2022 11:13 PM
Reply to  Jeffrey Strahl

“You can fool some of the people all the time, and those are the ones you want to concentrate on.” – George W. Bush

Penelope
Penelope
May 27, 2022 6:15 PM

More than one way to keep Ukraine from being a demilitarized buffer state. Like having NATO’s Poland take a big chunk of it:

The new agreements between Warsaw and Kyiv mark Poland’s “soft annexation” of Ukraine’s western territories. Brazilian journalist Pepe Escobar came to this conclusion in an article for The Cradle portal .

According to the analyst, Poland seeks to benefit from the situation in Ukraine and “strengthen its military-political, economic and cultural influence” in the west of the country.

“Citizens of Poland will be allowed to be elected to Ukrainian authorities and even apply for the position of constitutional judges. This means that Kyiv completely transfers control of the Ukrainian failed state to Poland,” he explained, adding that Warsaw would not even have to send its troops to Ukraine.

Escobar noted that Ukrainian President Volodymyr Zelensky himself can transfer the right to rule the country to Poland.

On May 22, it became known that Zelensky intends to submit a bill to the Verkhovna Rada that would establish a special legal status for Polish citizens on the territory of Ukraine.

In turn, the official representative of the Russian Foreign Ministry, Maria Zakharova, called this initiative an incident of sovereignty, adding that the Kyiv regime is actively scattering its independence. In addition, she stressed that in this way the Ukrainian authorities legalize the de facto seizure of the country
.
https://thecradle.co/Article/columns/10803

Jeffrey Strahl
Jeffrey Strahl
May 27, 2022 7:16 PM
Reply to  Penelope

Pepe Escobar believes that humanity’s hope lies with Putin/Russia and Xi/China, two powers which are fully pushing the Great Reset even further and faster than it’s being pushed in the West. He never graduated beyond anti-US imperialism to anti global capitalism.

John Ervin
John Ervin
May 27, 2022 7:50 PM
Reply to  Jeffrey Strahl

in defense of Pepe, or good Mr. E, may I offer for consideration. that in/at such a complexified stage of “ultra-dimensional” warfare, or even the best Sun Tzu updated editions of (strategic) peacefare, that “you gotta take what the defense gives youse” when prosecuting this endless game of tedious globalized “Progress”.

Which is to say, give Xi and Vlad a break. They surely represent the anti-buccanneer (i.e. anti-Nazti, anti-Freemason, anti-Mafia, anti-CIA and all those myriad fellow travellers {mercenaries} of like ilk), clearly THE/OUR (mankind’s) adversaries, if you want to go binary, idéologiquement, as THE counterweight(s in all of this.

So, to feel it necessary to
conflate the very squiggly realm of “tactics” with the pro-Globalist pure steer crap position is not really the way to go.

That in/of itself plays into the Global Oligarch playbook.

NEIN?!

Art Costa
Art Costa
May 27, 2022 9:06 PM
Reply to  John Ervin

In the end, it’s a big club and you, I and Pepe aren’t in it.

John Ervin
John Ervin
May 27, 2022 10:40 PM
Reply to  Art Costa

Overheard in my after class hours at the Universidad de Dali:

“One day there will be an official admission that what we have christened reality is more of an illusion than the world of dreams.”

In that club, of which I am a charter member, everyone who can make that admission, officially or otherwise, is welcome, as some take the “necessary” steps and begin to segué to that, to “a new earth”. Clearly, not everyone can.

Amanda Ware
Amanda Ware
May 28, 2022 1:03 AM
Reply to  John Ervin

Are you saying we need to trust in the 5D chess game? Are you saying Putin and Xi might look as if they are globalists but they are just playing a long game? Did Q teach you nothing?

John Ervin
John Ervin
May 28, 2022 7:05 AM
Reply to  Amanda Ware

No, I’m not saying any of all that. I’m not really in a position to say, am I? I don’t mind speculating, since it simply helps enlarge the contexts of observing all that.

But I do know it’s politics, and with this global confrontation, all of what I said is a real possibility, since what I learned from living in Europe, as one experience, was that most all of what we get to hear from USA Inc. is not 5D anything, but just simplistic Chinese Checkers. Good guys, bad guys.

So there’s that, as a clue. It makes me distrust, outright, the argument that everybody is all the same cardboard-cutout rapacious globalist, one size fits all.. There has always seemed more nuance to the narrative, elsewhere. Like night and day. That speaks volumes. To me, anyway, as one metric. Hopefully I can add more!

Jeffrey Strahl
Jeffrey Strahl
May 28, 2022 1:26 AM
Reply to  John Ervin

China’s and Russia’s elites are part of the global oligarch club. Putin’s rep to the BRICS education committee, in fact its real head (he was openly in that role for several years) is transhumanist Pavel Luksha, head of Global Education Futures, member of the board of the Laszlo Institute, which is pushing global transhumanism, created by Ervin Lazlo, one of the originators of the concept of “global brain” (along with Julius Stuleman), Laszlo’s son Alexander is also with Global Education Futures. The myopia of people like you is astounding. Escobar’s is less surprising, he is paid.

https://worldskillsconference.com/2018/speakers/id/123/&nbsp;
Dr. Pavel Luksha is a founder and a director of Global Education Futures initiative, aimed at catalyzing the transformation of educational ecosystems at a global scale, and a co-founder of Global Change Leaders movement of educational & social innovators. He is also a Professor of Practice at Moscow School of Management SKOLKOVO, where works primarily on the transformation of the higher & professional education sector, and a Professor at ITBA (Technological University of Buenos Aires). Pavel also works closely with Russian Agency of Strategic Initiatives, one of the primary national vehicles of driving change in professional education development and new technological sectors. He is the coauthor of Rapid Foresight methodology, widely used in sectoral and regional planning, and a primary author of Skills Technology Foresight methodology developed in partnership with International Labor Organization. 

He is the leading author of several major publications on future of skills and learning, including: [See page]

Since 2014 he acts as a representative of Russia in BRICS Skills Development Council (and chaired the group in 2015-16). He is also a co-founder (and a program director for several years) of the Foresight Fleet, one of the largest events on future thinking education held globally since 2012. Before 2009, he worked in business advisory services, automotive, and investment sectors, with over 20 years of experience in strategy design.[link]

John Ervin
John Ervin
May 28, 2022 8:18 PM
Reply to  Jeffrey Strahl

Well, I’ve been badly myopic since 8 years old, -7 Rx, that’s almost functionally blind until cataract surgery 10 years back corrected it, so there’s 50 years of it to buttress your accusation. But what astounds me more than all this transhuman convolution is how our family Scots clan name of Ervin became the first name of a Laszlo! I first scouted it 10 years ago, as the surname of famous Hungarian pianist, then popping up in slav circles, now global, hung on several Hispanicized MLB pitcher’s unis, E. Santana. It is replicating faster than the most high-concept virus all through South America, too, check it out, faster than a coronapalooza off brand or STD, when twenty years back there were ZERO in existence. No rational explanation.

I’m thinking it all started when Trotsky fled to Mexico City. Seriously, suddenly instead of “Roberto” and “Luis” you got a lot of “Leon” and plenty, a bonanza of Vladimir. Mucho. Look it up.

But ERVIN?!

Et tu, Zapata?

susan mullen
susan mullen
May 27, 2022 8:40 PM
Reply to  Jeffrey Strahl

As a US citizen and taxpayer I very much identify with the Russian Federation. US elites have treated both of us like garbage for 30 years and it’s only getting worse. US is in year 3 of “emergency government,” effectively a dictatorship with no end date and none in sight. We have no recourse, not a single elected person speaks up for us. The coup happened in March 2020 with just a few words from Trump. At one time, US could only have been overthrown by foreign invaders. “Both” US political parties agree that US taxpayer funded foreign military intervention is all that matters–aside from open borders and adding 2 million Central Americans/yr. “Elections” can’t change anything because all candidates are pro-defense contractors. The US taxpayer funded Pentagon is entirely autonomous, doesn’t answer to anyone. I’m enslaved to a lawless, US/UK global mass murder, bombing, and regime change machine. Plenty of countries would be justified in attacking the US in return for its actions but no one does. Someone has got to stop the US. If the people of the Russian Federation are willing to do the job, I thank them and wish them the best.

Veri Tas
Veri Tas
May 28, 2022 12:04 AM
Reply to  susan mullen

All the governments are enslaved by the global banksters, USA or any other state, and the banksters have always financed both sides of any conflict.

Amanda Ware
Amanda Ware
May 28, 2022 1:11 AM
Reply to  susan mullen

Do you not understand or read the article? Russia, China, U.S. are all the same, pushing the same inhuman technocracy and globalism. The idea they are opposed is a lie to make you take Russia’s side and cheer when they win, which they will. Schwab has been open that Russia is being prepped to be the new financial center if the world.

Jeffrey Strahl
Jeffrey Strahl
May 28, 2022 1:29 AM
Reply to  susan mullen

This has zero to do with the people of the Russian Federation, who have as little influence over their regime as do Americans and Britons over theirs. You are simply trusting elites other than your own because they haven’t screwed you yet. Russians no better. So tell us why Putin is pushing the “pandemic” fraud, including clot-shots made jointly with AstraZeneca.

Penelope
Penelope
May 27, 2022 9:47 PM
Reply to  Jeffrey Strahl

Jeffrey, I’m linking Escobar only as a reporter of Poland’s soft annexation of Western Ukraine.

Obviously when a nation gathers into one centralized hand the leashes of its individual citizens they are only one transfer away from rule by the NWO/Great Reset. Only the decentralization of Individual Freedom affords us the potential of escape.

Kalen
Kalen
May 28, 2022 11:24 AM
Reply to  Penelope

I like Escobar alternative eastern historic perspective on Russia and China but he is clearly mislead by propaganda campaign of so called Polish-Ukrainian Union. So far all of the talk although coming from presidents Duda and Zelensky is nothing but a trash.

And to correctly understand that fact is to listen to Ukrainian and Polish politicians, parliamentarians and actual laws and decrees are being passed. and they are not as mutually friendly as Western MSM wanted them to be. For one sudden cut in subsidies for Ukrainian refugees in Poland and EU wide that made all of the sides angry.

And the story of Union becomes not as much compelling for many reasons like Polish constitution that prohibits foreigners from holding government positions even bans dual citizenship of those in top positions in government or EU treaty that excludes such possibility of a full Union with non EU state.

In fact Ukraine under Yanukovitch was told exactly that they could not be a part of Russia-lead customs Union if they wanted to integrate with EU. There are insurmountable legal reasons and any Polish law that infringes on those EU Laws will be stricken down by EU courts.

Moreover Escobar should realize that two months ago developed idea of Polish Peacekeeping mission in East Galicia was rejected by Zelensky and its UkroNazi handlers for obvious contemporary and historical reasons below.

What Poland and Ukraine have in common today is huge unpayable debt nothing else.

Those two nations (not their puppet governments) are in fact at “war”. The entire NATO paid Donbas war was fought and driven by Ukrainian Nazi ideology of Greater Ukraine that not only includes Donbas but Russian Rostov on Don and toward South Caucasus.

Interestingly Nazis Territorial claims also include 20% of south eastern Poland and some Slovakian, Hungarian and Romanian lands.

In Poland this issues is extremely sensitive as Poland is the only country (Russia, Israel did not do it) that few years back officially condemned revered father of Ukrainian Nation Stepan Bandera, whose birthday is a national Holiday in Ukraine, as a war criminal politically responsible for Genocide of Poles, Jews, Russians and fellow Ukrainians who opposed him in Volhynia and East Galicia 1942-48.

In Poland in fact Bandera himself is considered as convicted terrorist who was sentenced to prison for organizing assassination of Polish Cabinet minister few years before WWII started in 1939.

When Russian forces in second part of September 1939 approached Bandera prison in Brest (Litovsk) in Poland he was released with all prisoners and fled to Germany occupied Poland (part of Ukraine now) to collaborate with Nazis against Polish Government in exile in London and later against Russians organizing Waffen SS Ukrainian divisions. UPA was specifically created for ethnic cleansing of areas for future Ukrainian state.

Entire history of Bandera’s Ukrainian nation buildings was hatred and opposition to Poland and Poles, the hate shared with German Nazis. Hatred for Russians was not stronger than that for Poles accused of brutal Polonization as much as Russians were blamed for Russification of Ukraine.

Bandera claiming national leadership was barely known in Kiev area political scene dominated by liberals, peasants parties and communists while he was completely unknown east of that region in Donbas that had nothing to do with Ukraine.

In a way OUN-B in Ukraine played role of NSDAP in Germany. As brief historical review shows Poland has been subjected to 123 years of Russification and the same amount of time subjected to Germanization hence in Polish mind Bandera support for Hitler was nothing short of another betrayal in their supposedly common historical anti Russian stand.

Needles to say that Nazis, followers of Bandera, who run Kiev Nazi regime and are responsible for Donbas war and its escalation would not like equal Union with People who according to Bandera, the father of their nation, must be exterminated including murdering children or subjugated.

On the other hand Polish Nationalists affiliated with powerful connected to government Catholic church which priests were massacred by UPA in Volhynia would not like such Union either.

In contrary they would like cities of historical Polish Crown like Lvov (Lwów) and Vilnius (Wilno) in Lithuania returned to Poland. In fact the Polish legacy is long as various parts of Ukraine were under Polish administration as long as for 700 years.

And add spice to this sordid history Polish Catholic Church, which support Polish Nationalists enjoy was hated by Banderites for its shameful role in later aborted, bloody mass conversion of Ukrainian peasant from Eastern Orthodox to Roman Catholic faith in Ukraine in XIX century. Unfortunately those Nazi ideologues of hate against Poles forgot that at that time Poland did not exist as independent state after being fully partitioned and orders for forced conversion came directly from Rome. And hence in fact their hate is directed to fellow victims of Russification, ethnic Polish people.

One may say. It was in the past. This time is different why to bring it up now? Well, it was not me that brought it up it were officials of Kiev Nazi regime that brought supposed historic victimhood of Ukrainians from hands of Poles, Russians etc,, and taught this historical hatred against anyone for everything to their Children raised in fear, siege mentality and fanaticism. All that supposedly for a nation that has not even been properly born yet.

As you pointed out Still remote but more plausible alternative to a P-U Union is Polish nationalists including 2000 Polish mercenaries in Ukraine would stage a coup in Lvov with support of long persecuted and discriminated at least few hundred thousands Polish diaspora living there and declare independence and ask Poland‘s military (50k) to provide security for new state. But that would mean Duda betrayal of Zelensky (not the first as Pilsudski betrayed Union with Petlura in 1920 ) and war with Ukrainian Nazis Polish Nationalists crave for a long time.

Perhaps even Putin would like such help in Denazification.and evidences are that he would.

Penelope
Penelope
May 30, 2022 11:09 PM
Reply to  Kalen

Kalen, interesting comment, thanks

Of course if part of Ukraine shd become united to Poland there wd be dual citizenship/passports which wd overcome the difficulty of being a Polish officeholder as well as Ukrainian citizen.

Romanians have issue dual passports to a portion of Ukies I’m pretty sure I remember– and Russia did it 8 years ago in Donbass/Lugansk.

John Ervin
John Ervin
Jun 2, 2022 12:44 AM
Reply to  Kalen

The “Nazi Territorial Claims” on those countries has gone back, correct me if I’m wrong, to at least the 7th Century, by the proto-Nazi Goths? Then we see them just as consistently, or incessantly, fighting Nevsky on Lake Novgorod 5 centuries later as the “Teutonic Knights” new team name. And on and on to Hitler’s Operation Barbarossa, catching their breath briefly after freezing in the snows back 80 years ago, and now again. Amazingly longstanding clash? I bet for Russkies the “news” is less riveting than in the USA.

Victor G.
Victor G.
May 28, 2022 9:22 PM
Reply to  Jeffrey Strahl

Neither have I …
But I guess Putin and Russia have proved worse than US Imperialism and Global Capitalism.
I must presume you’re a capitalist, Jeff? Net worth north of say $20 mil?
I trust you give humanity some hope from time to time by “trickling down” some of your wealth.
Thanks!

Penelope
Penelope
Jun 1, 2022 3:21 AM
Reply to  Jeffrey Strahl

Certainly I agree w you that Russia & China are in it. How can anyone think that oligarchs are in favor of their people’s freedom? The “competition” TPTB present us with is theatre, distraction, pretext for degradation of global economy, etc.

roula
roula
May 27, 2022 10:21 PM
Reply to  Penelope

This form of Poland’s interference in the Ukraine has its long past. It ended up with what was called Banderovstchina, i.e. the resistance movement of Stepan Bandera. Whatever you think of its military manifestations, fully justified in its essence and meaning.
When you think Ukraine, you need to remember both Nestor Makhno and his absolute Makhnovstchina anarchism, and its much earlier expressions of Stenka Riazin and Emelian Pugatchev, both heroes of the Soviet Revolution, both ones who created movements of radical dissent and uncompromising bloodbath, and who laid foundation to the Soviet revolution, both of them ones who fathered what was later described by Pushkin in the era of the December Uprising a ”Tiomnyj Russkij Bunt”.
Do not believe analysts or deluded Reuters et alia.
Believe Pushkin.
Or read the few tiny booklets left by Nestor Makhno to see the innards of the situation.

roula
roula
May 28, 2022 12:21 PM
Reply to  roula

Expropriations of Ukraine’s independence, identity – culture, education, language – and wealth:
https://uk.wikipedia.org/wiki/%D0%9F%D0%BE%D0%BB%D0%BE%D0%BD%D1%96%D0%B7%D0%B0%D1%86%D1%96%D1%8F
https://en.wikipedia.org/wiki/Polonization

Amanda Ware
Amanda Ware
May 27, 2022 5:37 PM

Finally someone with the guts to speak the truth in the face of the McCarthy-ist hysteria. The Normies might be waving yellow and blue flags but many of the anti-Normies are just as blindly waving red, blue and white flags and hating on anyone who doesn’t conform!

MLS
MLS
May 27, 2022 4:34 PM

But but….Russia is FIGHTING GLOBALISM!! 😵‍💫😵‍💫😵‍💫

Are these facts going to impact on brainwashed people such as Matt Ehret, Vanessa Beeley, Alex Christoforu and Eva “I believe any old tat the DPR tell me” Bartlett?

Depressing is the word

SeamusPadraig
SeamusPadraig
May 27, 2022 6:00 PM
Reply to  MLS

It sure sucks living in a world without heroes, doesn’t it. 😥

John Ervin
John Ervin
May 27, 2022 6:37 PM
Reply to  SeamusPadraig

Maybe there are heroes, at least some, but simply operating incognito. Hey, it could happen. They may be using the more identity-friendly Pickwickian form of crypto-currency, under our very “noses”. We just don’t know them. Not everything is manifested through state of the art analysis.

Blind Gill
Blind Gill
May 27, 2022 7:56 PM
Reply to  SeamusPadraig

Were there ever any?

Penelope
Penelope
May 27, 2022 9:56 PM
Reply to  SeamusPadraig

The Archbishop of Rome, Carlo Maria Vigano, is astonishingly well-informed, outspoken– and so courageous that he refuses to give the sitting pope his title.

De Santis Governor of Florida.

Dr. Joseph Mercola

and others.

The heroes are there, but are publicly maligned and misrepresented.

John Ervin
John Ervin
May 28, 2022 7:17 AM
Reply to  Penelope

“Astonishingly well-informed” or maybe reading a script. Why does the whole global theatre act we’re getting “piped” to us seem like a script with sundry actors reading their lines?

Personally, I’m further troubled by the MSM having the scripts in advance.

Like I said on some other thread, “pincer psyops”…….. Results-driven. Pharmaceutically.

Donald Duck
Donald Duck
May 28, 2022 10:42 AM
Reply to  John Ervin

Whooa, whooa whooa already! Let’s just try to summarise the above.

  1. Politics, particularly Geo-politics is a dirty game. Sooo,
  2. If you don’t like the heat get out of the kitchen.
  3. Nothing new under the sun – okay

But hey, it might be worth hanging around, just in case something good might happen.

I personally like John Mearsheimer, he doesn’t give you any bullshit.

John Ervin
John Ervin
May 28, 2022 8:22 PM
Reply to  Donald Duck

You nay not be a westerner, or even a Yank, as no self-respecting cowpoke would spell WHOA with two “o”s. Just wondering.

John Ervin
John Ervin
May 31, 2022 1:56 AM
Reply to  Donald Duck

I lived awhile at U of Chicago, where Mearsheimer has taught for ages. One of my best friends there, back in the day, was getting his degree in Economics at U of C. Mearsheimer seems to have a pretty solid approach, though from what little I know now (i.e. plan to build on though) he seems a little US Army-green (West Point grad).

mgeo
mgeo
May 28, 2022 4:22 PM
Reply to  Penelope

The way to malign the heroes is to pick one opinion you disagree with, and use this to associate them with unsavoury people.

John Ervin
John Ervin
May 27, 2022 10:50 PM
Reply to  SeamusPadraig

Be the hero that the world is without. Dare you. The good news is you don’t even have to register or get vaxxed!

Léon Bloy defined one ‘religious’ aspect of such:

“A Christian is either a hero or a pig.”

(I just thought I heard a whole lot of oinks. Nah…I must be hearing “things”.)

jubal hershaw
jubal hershaw
May 28, 2022 12:40 AM
Reply to  MLS

MLS, as i write this your comment has garnered 19 x “i agree”. That is 19 whose expectations that Putin was a Saviour were dashed. The bitterness of a jilted lover !

Cori
Cori
May 27, 2022 4:19 PM

Depressing.

Donald Duck
Donald Duck
May 28, 2022 11:22 AM
Reply to  Cori

God Almighty – were did this legion of Cassandra’s come from?

Yep, everything is a failure, every good intention is bogus, every good idea is fraudulent. The world is imperfect, people are weak and corruptible, nothing works …Phew!! Okay chaps maybe its time to get out your shovel and spade and do as Voltaire recommended – viz., start cultivating your garden. Look see how the legion of the disillusioned come into sight.

Rather reminds of those characters like James Burnham and Sidney Hook, erstwhile revolutionists who became first neo-cons.

Just a few questions.

Is a corrupt system of capitalism better or worse than fascism?

Is the political economy of Alexander Hamilton and Freidrich List better or worse than the British system of imperial finance?

Is the old order of a multipolar world preferable to the existing unipolar order?

Sometimes you have to settle for a slice of bread or you get no loaf at all. That’s politics 101.