The Tyranny of Central Bank Digital Currencies is the Future of Money.
Here is what we will be getting into today:
The Power of Central Bank Digital Currencies: How They Could Impact Our Lives.
Major U.S container ports experience record-low import volumes amid economic slowdown.
The U.S. Dollar’s Rising Value Is Causing Havoc in Global Economy.
YouTube Channel: George Gammon
Title: The Secret Truth About CBDCs
Link: https://www.youtube.com/watch?v=UAGIzA6dH2c
Here are the key highlights:
Central Bank digital currencies are the future of money and it is important to understand how they work to protect ourselves from their potential tyranny.
People think the current system works by people depositing their money into the bank, which it can then lend it out to others. What really happens is the Commercial Banks have the ability to create money out of thin air.
The Federal Reserve plays a major role in the banking system by printing more money if necessary in times of economic distress. The Federal Reserve and banks have a shared ledger system that keeps track of assets and liabilities, which helps ensure trust between both parties.
Money does not actually exist in the form of cash but is an abstract concept based on the ledger system. Trust between participants is necessary in order to complete transactions.
Central Bank Digital Currencies (CBDCs) are a modified version of the current Network and Ledger system, with potential to have a huge impact on our lives. The Federal Reserve is introducing revolutionary new software that will provide customers with instant access to financial information and could revolutionize the way banks do business.
The implications of this change could be devastating for society, as the government may force people to move from the current financial economy to Federal Reserve’s. The Central Bank Digital Currency, would revolutionize the way we keep track of purchases and possibly provide carbon credits.
The process of obtaining a loan in the future may come from central planners, but the execution of the loan itself would come from the Commercial Banks. Banks will benefit from the Federal Reserve's commission on loans, increasing the borrower's account and giving the Federal Reserve or Treasury complete control over how we spend our money. This is where things get scary, the control that can be exerted on people to only spend their money as the FED believes to be correct.
Cash can be used to get around the planners and authoritarian figures, but businesses must cooperate with the Federal Reserve and central planners in order to keep up with today's technology. Vendors who do not cooperate risk losing their business license and receiving financial penalties.
Website: Chain Store Age
Title: February Cargo Imports Expected To See Big Drop As Retailers Take Cautious Stance
Link: https://chainstoreage.com/february-cargo-imports-expected-see-big-drop-retailers-take-cautious-stance
Here are the key highlights:
The volume of cargo imported at major U.S container ports is expected to drop to nearly its lowest level in three years in February, due to a slowdown in retailers importing less merchandise caused by consumer concerns about rising inflation and interest rates and a slowing U.S economy.
The National Retail Federation and Hackett Associates released a report providing historical data and forecasts for ports on the West Coast, East Coast, and Gulf Coast.
In December 2022, the import volume was 1.73 million twenty-foot equivalent units (TEU), down 2.6% from November and 17.1% from December 2021. This brought 2022's total TEU to 25.5 million TEU, which is down 1.2% from the annual record of 25.8 million TEU set in 2021.
January is forecasted to have a volume of 1.78 million TEU, down 17.6% from the same month last year. February is expected to have the lowest number of imports since May 2020 when many factories in Asia and most U.S stores were closed due to the pandemic. The forecasted volume for February is 1.57 million TEU, which is down 25.6% year over year. March is forecasted at 1.76 million TEU, April at 1.87 million TEU, and May at 1.92 million TEU, which would bring the first half of 2023 to 10.9 million TEU, down 19.4% from the first half of 2022 if all forecasts are accurate.
Overall, these numbers suggest that retailers are being cautious about their purchases until they see how the economy responds to efforts to bring inflation under control again.
YouTube Channel: Eurodollar University
Title: Destroy the dollar to stop the balloons.
Link: https://www.youtube.com/watch?v=8EJ2_-gvX64
Here are the key highlights:
The US dollar has lost approximately 97.2% of its value since the Federal Reserve was established in 1913 and is now in need of replacement. The Federal Reserve has kept the dollar's value low while allowing people to take advantage of more opportunities. The monetary system we have been using for the past 70-80 years has been incredibly successful overall, but it has not been perfect.
The benefits of a weakened dollar and the role that the Federal Reserve plays in keeping it stable should be recognized. Expansion of the global reserve currency is necessary to promote economic growth and stability. If the value of the Dollar were to triple over the next six months, it would have a drastic effect on both the US economy and global economy as a whole.
The idea of holding onto dollars for decades and expecting it to store its value is not how the system is designed to work. The falling value of the dollar can be used to buy other assets that can protect our savings and investments. The key point is to not look at the dollar as a store of value, but rather as a tool for protecting our savings and investments.
Since August 9th, 2007, the world has been facing an unprecedented crisis that has drastically shifted the monetary system and economic, political, and social outcomes. China has been sending balloons across US airspace due to its dollar shortage, which suggests that there are other factors to consider. The flood of currency in the Chinese economy has forced companies out of the bond market and into banks, causing de-leveraging and an increase in Bankers Acceptances and discounted acceptances.
The Chinese consumer is playing a major role in driving the global economy, but they have become more risk-averse and less likely to purchase luxury goods due to a decrease in savings and fear of their biggest asset depreciating in value. The current trend may lead to more people saving money, which could help the economy recover in the long run, but it could also lead to further deflationary pressure.
There is potential for a dollar collapse in value and an increase in credit impulse, which could cause chaos and confusion. The rate of economic change has decreased, while political change is increasing. This could create a shift in the global economy.
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