This certainly has been a fascinating and, in some respects, entertaining week. For example, and in case you missed it, former Faux TV anchorman Tucker Carlson hosted a debate in Iowa featuring several of the bottom-of-the-card Republican presidential candidates who proved themselves to a man (and a woman) worthy of my epithet of Republithug... and he decimated them by asking them - horror of horrors - real questions which none of them were obviously prepared for, except maybe Mike Pence, who arrogantly puckered his face up into a point and dutifully read his lines from the script, and informed the entire country that the entire country was...well.... not his concern:

Tucker Carlson destroyed the RINO Republicans’ career at the first primary forum

With such hubris and incompetence on parade, one could be forgiven for thinking they were all members of the Bush or  Bai Den famdamnlies. I confess, I thoroughly enjoyed not only the asking of actual real questions of these schlubbs, but watching them squirm, wiggle, and writhe as they tried to think of real answers, or, in Pence's case, watching him spread his tail feathers and somehow manage to strut like  a peacock while remaining seated.  (Frankly, I'd much rather listen to the shriek of a peacock than to Mr. Pence.)

But beyond the entertainment there were some stories of far meatier content and consequence this week, and one of them we need to address right up front, because it's a kind of "we told you so" moment. Many of you spotted  it and passed it along (thank you), but we're going to concentrate on this version shared by T.M. (again, with our thanks):

Ever since the emergence of so-called digital "Crypto-'currencies'", I along with many others including our friend and colleague Catherine Austin Fitts have been warning that crypto-currencies, especially if they become the basis of central bank digital currencies, are (1) not secure, since no cyber system ever really is, and (2) not currencies at all, but corporate coupons (at best), whose value can be manipulated at will by the programmer, and (3) not only whose value can be manipulated, but can be completely turned off or on, or made subject to a "time limit" (spend it or lose it), thus making it impossible to accumulate wealth for yourself or your children and grandchildren. They are, to be blunt but completely honest about it, merely a means of social control and engineering. As far as the so-called security of cyrpto-currencies goes, I need only remind the reader of the initial claims for blockchains and distributed ledgers. At last (!) we were assured, there is something entirely safe and entirely out of the hands of the central banksters.

...until the stories of hacked cryptos finally emerged.

Well, Brazil's central bank has revealed the code for its proposed central bank digital currency, and guess what?

Blockchain developer Pedro Magalhães claims that he has successfully reverse-engineered the source code of Brazil’s pilot central bank digital currency (CBDC). He revealed the existence of functions that empower a central authority to freeze funds or reduce balances.

While concerns over such capabilities have been raised, the developer argues that there could be certain situations where these functions might prove beneficial.

On July 6, the Banco Central do Brazil published the source code of the digital Brazilian real pilot project on the GitHub portal, emphasizing that it was solely intended for testing purposes and subject to potential modifications.

Pedro Magalhães, a noted blockchain developer and founder of tech consulting firm Iora Labs, announced later that he had successfully “reverse-engineered” the open-source code, exposing various functions. These included freezing and unfreezing accounts, adjusting balances, transferring currency between addresses, and generating or eliminating digital real from specific addresses.

Magalhães pointed out that the code lacked explicit specifications regarding the circumstances under which the tokens could be frozen and, more crucially, who possesses the authority to execute such actions.

The blockchain dev expressed concerns about an institution unilaterally freezing a user’s balance, highlighting the stark contrast between executing decentralized finance operations and granting an institution the power to freeze funds.

So there it is folks, our warnings are no longer mere speculation or hypothesis, they are a beta-test reality.

And they're a sure  and certain one-way ticket to a serfdom and slavery far more total and all-encompassing than anything yet seen in human history, one with all the ham-fisted grace and compassion of the tax man and the high-pitched precision of a dentist's drill, for you'll note that the capabilities as listed could be narrowly tailored to an individual, or broadened to incorporate whole (uncooperative) regions and their populations.  And neither Ms. Fitts nor I are the only ones trying to sound a warning:

In this context it is worth mentioning that Brazil is, of course, a "BRICS" nation, one of the original "big four" of the loose cooperative economic alliance of Brazil, Russia, India, and China, and now, South Africa and many others. Most of the Big BRICS Four have already concluded various bilateral currency agreements allowing them to buy each other's commodities and clear their transactions in each other's currencies, bypassing the dollar completely.

Bear this little bit of news in mind, when you read this Wednesday's blog about the upcoming BRICS summit in August...

In the meantime, I repeat my oft-repeated warnings: any genuine currency is always, first, foremost, and finally, a physical medium of exchange, even blips on a bank's computer ledger are, because they are subject to that all important rule of convertibility: the blips can be traded for a piece of paper which in turn can be used to conduct transactions. Even better if that piece of paper can be converted into a tangible amount of silver or gold, and if that silver or gold can be used to conduct transactions. Any functional monetary system has, as one of its salient features, redundancy and convertability between different forms of money.  A cashless system of digital "currency" is none of these things. It's a title deed to you...

See you on the flip side...

Joseph P. Farrell

Joseph P. Farrell has a doctorate in patristics from the University of Oxford, and pursues research in physics, alternative history and science, and "strange stuff". His book The Giza DeathStar, for which the Giza Community is named, was published in the spring of 2002, and was his first venture into "alternative history and science".

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  1. Nidster - on July 19, 2023 at 4:02 pm

    Tucker Carlson interviews FL Gov Ron DeSantis, and asks about CBDC

    DeSantis: “They want to get rid of cash. They want no cryptocurrency. They want this to be the sole form of legal tender. It will allow them to prohibit undesirable purchases like fuel and ammunition. So, the minute you give them the power to do this, they will impose a social credit system on this country. CBDC is a massive threat to American liberty. On January 20, 2025, it goes to the ash heap of history in this country.”

  2. Michael UK on July 19, 2023 at 2:55 am

    Here in the UK banks close a customer’s bank account if they do not like their customer’s views or opinions or political affiliations. Recently happened to Nigel Farage.

  3. marcos toledo on July 17, 2023 at 8:16 pm

    Anyone familiar with the Ernie Ford song Sixteen Tons think 1984 on steroids.

  4. anakephalaiosis on July 17, 2023 at 2:18 pm

    Brazil’s leadership is both a ClA double agent, and a triple agent for the pope. The Vatican is betting on two horses, with a foot in the door, heading for Moscow by two ways, either through the trenches in the Ukraine, or via flattering Jesuit lickspittles.

    The Vatican is plotting to come out on the winning side, either way the wind blows, which also is the very reason, why the Jesuits turncoats were persecuted in the 18th century, when Catholics and Protestants began to compare notes, after the wars of religion.

    Fraudulent digital money is what the ClA is promoting, which is a plot of the Vatican, and which is not going to cut it, in bilateral trade, when gold is mutually demanded as security, and when every day currency goes local, centered around ethnical groups.

    In the long run, BRICS has no room for the Vatican, because BRICS is fundamentally a Protestant initiative, based on logic and reason, which happens to be what Elohim-Yahweh originally meant, and that the false claimants, to a stolen identity, cant define.

    Only in Scandinavia, can Odin’s two brothers be defined as Elohim-Yahweh, because the Bronze Age ideology still lingers on, in the language itself.

  5. MrCigarTruth on July 17, 2023 at 11:53 am

    People laugh at me when I show them any article like this. I honestly don’t understand what has happened to humanity. This article could serve as the basic explanation of it all when you think about it. When I hear things like 80% of the original colonists wanted to remain under George III but 20% or so effected the change I can believe it. I also believe they felt the 80%, or at least a large majority, would be won over by the new independence. I think, without definitive proof, that all the ensuing problems in our history could possibly be traced to this 80%. I would say that anyone supporting this most heinous of heinous system should be considered a mortal enemy of freedom. I do not regard pure ignorance of the slave system facts as a free get out of jail card. Successfully fight this off and history is full of examples that suggest they will resurface as useful idiots for the next attempt at tyranny. At this time I do not have a solution to put into place to protect against this. Even though the analogy may not fit exactly I think the mass of lazy, uninformed, brainwashed, apathetic, etc. people would be an extended version of Paperclip. It’s the only thing I can think of right now.They should have never been integrated into civilized society and payment for their crimes should have been carried out without hesitation. Compassion and religious beliefs that supersede punishment are traits to praised. Allowing the seeds of pure evil to sprout again for future horrors seems to be senseless. I do not know how to justify a solution when the Nazis used much of this same argument against the Jews. The possibility of enslaving all humanity as a constant continuation of death and suffering seems to suggest a different approach. Like I hear from almost everyone that seems to have figured this one out is these psychopaths will not be stopped by finger pointing and harsh language. This may constitute the last battle for freedom. I could be wrong.

    • InfiniteRUs on July 17, 2023 at 1:37 pm

      Just about every human trait and behaviour both good and bad and everything in between has degrees to which it is expressed in each individual. For intuitive purposes its useful to separate the degrees of expression in different individuals into thirds. A third will prey upon your weaknesses and gullibility at every opportunity you give them and to the full extent that they can get away with. A third will only harmfully manipulate, steal, or physically assault you if they have to for survival. A third will be inclined to be fair and do what they think is morally right no matter what. Bravery, intelligence, wisdom, good, evil and every other negative and positive attribute you can think of can all be broken down into three basic degrees. Through careful observation of those you meet, once you realize what degrees they mostly resonate with you can easily predict what they will do in most given situations given the opportunity. This seems to be in our genes to ensure the survival of the species under different environmental conditions that pop up to challenge our survival. Or God may create these three spectrums in every generation so as to test our mettle and keep us on our toes. You could get rid of every spectrum except the spectrum you resonate with but all spectrums will be born again from your spectrum in the next generation and humanity will be right back where it came from. For survival purposes a third of each every spectrum is very good at hiding it’s true spectrum by behaving as another spectrum when the others come to dominate the landscape, but create a situation where they think they are unobserved and can get away with expressing their true selves and you can find out what they are. You can’t have heroes without villains, and neither villains nor heroes are very special without a large neutral middle ground. God seems to continually test us in every generation to see who can shine and who can’t. And you know what he thinks about the luke warm.

      • anakephalaiosis on July 17, 2023 at 2:47 pm

        A king, as a man mountain Gulliver, is needed, to cut to the chase, otherwise bickering, between opposing positions, will engulf the country of Lilliput.

        The last word is said from a horse’s mouth, at Gulliver’s end of journey, when Odin gives himself to himself, hanging in the woodwork, wounded by spear.

        Odin is the point of balance between his two brothers, Elohim and Yahweh, which is why he is chieftain (adon), a mediator as a principle, a king of kings.

        Odin balances logic and reason, in a perpetual moot point.

    • anakephalaiosis on July 17, 2023 at 2:07 pm

      The majority automatically subscribes to logic and reason, when it is not being seduced by revolutionaries, who are selling golden calves, and Elijah (Elohim-Yahweh) has not gone missing.

      That is why wars are needed, to create, and fixate, a divide by blood spill, and thereby suppressing the reasonable argument, and overemphasising logic, on the tip of a sword. (The war of independence).

      Slavery is trademark of oligarchy, and a ruling power tool, that needs two subclasses, to pit against eachother, as underpaid servants and owned two-legged cattle. (The Virginia slave codes).

      “Yahweh Elohim” is translated as “Lord God”, which is wrong, because Odin’s two brothers – as Scandio-Scythian cognate – point towards “logic and reason”, which suggests Bronze Age politics.

      The Vatican deep state agent won’t survive logic and reason, and that is the end of systemic de facto Catholicism in the Americas.

  6. Robert Barricklow on July 17, 2023 at 11:18 am

    Call the Tucker Carlson Iowa Debate “Puppets need scripts -….;
    or, Puppets w/o strings -… on display”.
    Makes for a great American political comedy reality show.

    Brazil’s “selection” looked to be another controlled fiasco w/a collective outcome.
    And collectives; as most in-the-knows realize, are all about the CBDC’s/CONTROL.
    Embedded w/in; and in the CBDC nature, are the social credit scores
    w/Chinese characteristics. “Blockchain… ”

    [oops, running late…
    White Rabbit]

    • Robert Barricklow on July 17, 2023 at 4:05 pm

      … certain features may “prove beneficial”[total control of currencies, for one].
      But cashless?
      All cashless means; is simply one thing only, it’s worthless.
      It can ONLY be used in one system; a slave system.

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