Regular readers here know that I'm certainly nowhere close to being a master or guru of finance and economics. If I were, I'd be rich, and I'm definitely not rich. And I freely admit, this current system and its woes make no sense to me because... well, because it makes no sense.  Bond prices go up, yields go down, inflation goes up, while there are signs of a deflationary future, and there's more yellin' from Yellen(whom I'm convinced cannot possibly be as stupid as she acts, because if she is, you might as well make her the "vice president" and put the  Ayatollah Kamala in charge of the Fed). We produce ... well, pretty much nothing other than "financial instruments" which in turn produce more and more nothing other than financial instruments, and this all means it's a perfect time for the United Auto Workers to strike so that what few cars we still do produce will not be produced, and we're told we're better off under "president"  Bai Den Dhzao and his hand-puppet act than before.


It looks like one of those bizarre and overly complex Rube Goldberg contraptions that are designed to do very simple things and do them with a maximum of inefficiency and probability of breakdowns.   In short, I gone way beyond the threshold of anger. I'm now so far into the "I just don't care what you say" territory when it comes to the Uniparty ru(i)nning this country that I just don't pay any attention to any them any more. As a nation, and for that matter, as a civilization, we've  now reached the point of the alcoholic: we are close to hitting bottom (if we haven't already), and none of our remedies or bandaids will fix the problem, because the problem is bigger than any of us or any group of us to fix. We are helpless before the problem, and we need God's help and grace to get through it.

So in the midst of all this, the following tweet shared by V.T. lands in my inbox this week, and it's a real spiritual eye-opener:

Now, granted, this is but one mere state representative introducing a bill to ban the Yellin' Yellen and her globalooney puppet masters from trying to do a currency grab(or currency "reform", or "new currency introduction" or whatever you may wish to call it) under the guise of introducing a central bank digital "currency. "

What gives me some hope here is that this is being said on the floor of the state legislature in St. Paul, Minnesota, a place and a state very much like Nuttyfornia, another state that has vast swaths of basically good and traditional people, dominated by few metropolitan centers that are dominated by looney tune cartoon characters - think Governor Gruesome here folks - that are reliably wacky and to the left of Leon Trotsky. In Nuttyfornia's case, those reliably-wacky centers are San Diego, Hell-A and its environs (but not all of them), Sacramento (or as we like to call it, Scarymental), San Franfreakshow and of course the University of Nuttyfornia at Berserkley and its environs across the bay.  But otherwise, people in Nuttyfornia really aren't so nutty nor looney and one finds pockets of occasional clear-headedness even in those (decaying) cities, but just not in politicians or holders of office. One can therefore think of Minnesota as "Nuttyfornia East" in a certain sense, because it too has a nerve-center of Trotskyist irrationality and dystopia in Minneapolis-St. Paul (or the Twin Cities), and their environs.  It's definitely not the gentle-left lunacy of the Mary Tyler Moore Show any more. But the rest of the state has yet to ingest whatever Kool-Aid is on the taps in the Twin Cities, and Emmer's remarks are an indication that not only is there some sanity, but that the sanity may yet prevail even in places with apparently terminal kookiness like the Twin Cities.

There's another thing that gives me some hope here, and that is that the nature of a central bank digital currency is being recognized; while State Representative Emmer does not say so in so many words, he gets the main point that a central bank digital currency is nothing but a corporate coupon for good behavior in the hands of an out of control government.

That's just another way of saying that it is a one-way mirror behind which the central bankers will be able to continue their games with no possibility of public oversight or responsibility, as Catherine Fitts has often maintained. Or to put it in terms of my alcoholic analogy, a central bank digital currency is the last refuge and rationalization of an addict, as he sneaks another jumbo beer in a paper bag in a parking lot before he goes home, where he will attempt to face a decaying home life with yet more fixes from stashed bottles of booze.

Of course, there's the constitutional issue as well, because a central bank digital currency would seem to fall far outside any boundary of things that could reasonably be considered constitutional money.  But then again, that raises the whole issue of federal reserve notes, and monetized debt as money to begin with.  And that in turn raises some nasty questions, not only about the Fed and its addictions (Janet Yellen being but their latest symptom), but about the history of this country's finances and how to fix them.

As we approach the sixtieth anniversary of the assassination of President John F. Kennedy, it is instructive to remember that he was the last real president who recognized  the nature of that problem, and how to fix it...

Were he alive today, I rather suspect, therefore, that he'd be fully behind the efforts of states to recognize the threat that central bank digital currencies constitute, and the effort to prohibit their adoption and promotion by "the Fed"... After all, monetized debt in any form is not real money, it is merely the facsimile of money. We've lived under this system for so long that we've forgotten what real money is and what the systems that use real money look like.  Such systems produce real things with real value that are not subject to the wild manipulations of fiat currencies and inflation. But if that makes no sense, then remember, that one very pressing reason for President Kennedy's murder was that he did understand it, and not only understood it, but did something about it by ordering the issue and release of four billion dollars of United States notes in June of 1963...  entirely bypassing the Federal Reserve with debt free money.

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".

No Comments

  1. eddyminimum on September 26, 2023 at 7:26 pm

    Excellent essay Doc. And this line particularly –

    “As we approach the sixtieth anniversary of the assassination of President John F. Kennedy, it is instructive to remember that he was the last real president who recognized the nature of that problem, and how to fix it…”

    And it certainly serves as a monetary motive for the assassination. RFK Jr, I would guess, has studied the monetary aspect of that history as he apparently has other issues. Deeply. I find Kennedy’s candidacy and timing fascinating. Watching him, I get the sence that he’s planned and gamed this seven ways from Sunday. It wouldn’t surprise me to see him take control of the entire Democratic Party machinery.

    Few can ever know the emperors, kings, or presidents to have any basis for trust. And yet Kennedy, particularly this one, might just be pissed off at his family getting dusted. He’s a wild card.

    At any rate, he is the only candidate with an actual resume. And the only candidate I can tolerate listening to (amazing in and of itself). As the bond markets explode, he seems like the last American statesman.

  2. InfiniteRUs on September 21, 2023 at 10:45 am

    Rotting leaders lead to a rotting world. At every level around me society is falling and beginning to rot. Technology that should have led to a golden age is being used to accelerate a great rot. Those few intelligent and moral enough to use technology wisely are under the thumbs of what should be obsolete institutions of rule and finance. With primitive savage mindsets still reigning and building nuclear, biological, and chemical weapons rather than tools for a better tomorrow we are coming to a failing end.

  3. FiatLux on September 21, 2023 at 2:35 am

    It’s interesting this comes out of Minnesota for another reason: Neel Kashkari, head of the Minneapolis branch of the Federal Reserve, has publicly questioned the utility of central-bank digital “currencies” (see just the first 60 seconds of this video, which you don’t need a subscription to access: Coincidence?

  4. marcos toledo on September 20, 2023 at 7:31 pm

    Well, things are so desperate that the only way out is to take a queue from Andrew Jackson and do to the Federal Reserve what he did to the Bank of the United States. Give it the ax

  5. Rosenshad on September 20, 2023 at 1:44 pm

    Sometimes I think the only reason California (Nuttyfornia) doesn’t fall off into the ocean is because St John of Shanghai/San Franciso (Maximovitch)
    reposes in San Francisco.

    • Joseph P. Farrell on September 21, 2023 at 12:20 pm

      I can believe that… He has always interested me because he was also a friend to the western rite…

  6. Bluefalken on September 20, 2023 at 10:03 am

    It feels like we’re at that point of the party, where the smart people have stopped drinking, because they’re concerned about how big the hangover will be tomorrow.
    Sure, there’s still a few people shotgunning beers and downing vodka shots. You know those people who think the party will last forever, and they’re emotionally invested in the moment. But the party always ends.
    The longer and bigger the party, the worse the hangover will be, and the bigger the cleanup crew needed.
    Good luck to everyone in the coming months and years, especially those who are still inebriated.

    Question: Was Ron Kirby assassinated because of his reports on the ESF (exchange stabilization fund)?
    I wonder what Catherine would say?

    • Bluefalken on September 20, 2023 at 10:32 am

      Rob not Ron Kirby, sorry, that’s what happens when large finger tips strike the keyboard.

    • Ray Story on September 21, 2023 at 8:05 am

      I liked your cocktail party analogy. Sobriety deferred is not a solution but here we are.

  7. ExternalObserver on September 20, 2023 at 9:40 am

    About the “UAW Union” strike. In one of Jim Willie’s latest interviews, he pointed to a possible collusion of the Union leaders, corporations and the Bidenenko regime
    The American Auto industry is mostly assembly of parts from foreign manufacture and the increased rejection of US treasury bonds in international trade has led to a severe shortage of said parts amongst many other products.
    The strike, according to Jim Willy, does fit the marxist MO of the regime to further cripple American industries and create more economic hardship for the people.

  8. anakephalaiosis on September 20, 2023 at 8:11 am

    While the JFK cult members are fumbling their rosary, and worshipping the holy shrine of the magic bullet, then Joan Baez travels to the Ukraine – just across to pond – to sing war songs:


    There is magic in steam locomotion,
    rollercoasting beyond horizon,
    with greetings at gate
    in Bering Strait,
    traveling New York to London.

    • eddyminimum on September 26, 2023 at 7:44 pm

      I’ve read many of your cryptic comments in good good faith. Call it, benefit of doubt. I’ve even followed the links only to find a music/muppet video. Curious. Some comments have made some sense to me. Many don’t.

      But this one. Hmmm. Okay, I’ll bite.

      Can one respect JFK outside a cult, lacking a rosary? What is “pull the triggers niggers” about? Why would Joan Baez be associated?

      Yeah, just curious. Still, if your response is some verbal-Escher homework assignment, I’ll just leave it be.

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