What Can I Do to Stop CBDCs?

Story at-a-glance In 2023, 11 countries have fully launched a digital currency while more than 20 more will move toward starting one 114 countries, which represent more than 95% of global GDP, are looking into CBDC — up from just 35 countries in 2020 Finance guru Catherine Austin Fitts details 10 practical steps individuals can …[continue reading]

The Big Stiff: Russia-Iran Dump the Dollar and Bust US Sanctions

Pepe Escobar • February 9, 2023     The agreement between the Central Banks of Russia and Iran formally signed on 29 January connecting their interbank transfer systems is a game-changer in more ways than one. Technically, from now on 52 Iranian banks already using SEPAM, Iran’s interbank telecom system, are connecting with 106 banks using …[continue reading]

Gold v Digital Fiat & Marxism

  Blog/Gold Posted Feb 2, 2023 by Martin Armstrong   Spread the love       QUESTION: Hi AE…so gov’t “money” (fiat currency) will become just some abstract floating measurement of value, an electronic entry in an electronic account in the cybersphere. As these various so-called gov’ts become less reliable, even between themselves, do you …[continue reading]

Russia and Iran agree to bypass SWIFT financial system

Both countries are banned from the SWIFT financial messaging system due to US and European sanctions. A screen shows VTB bank shares price at the Moscow Exchange office in Moscow on Jan. 10, 2023. – KIRILL KUDRYAVTSEV/AFP via Getty Images   Al-Monitor Staff Iran and Russia signed a financial messaging agreement on Sunday that would …[continue reading]

Global South: Gold-Backed Currencies to Replace the US Dollar

Let’s start with three interconnected multipolar-driven facts. First: One of the key take aways from the World Economic Forum annual shindig in Davos, Switzerland is when Saudi Finance Minister Mohammed al-Jadaan, on a panel on “Saudi Arabia’s Transformation,” made it clear that Riyadh “will consider trading in currencies other than the US dollar.” So is …[continue reading]

CFPB Orders Wells Fargo to Pay $3.7 Billion for Widespread Mismanagement of Auto Loans, Mortgages, and Deposit Accounts

Company repeatedly misapplied loan payments, wrongfully foreclosed on homes and illegally repossessed vehicles, incorrectly assessed fees and interest, charged surprise overdraft fees, along with other illegal activity affecting over 16 million consumer accounts DEC 20, 2022 WASHINGTON, D.C. – The Consumer Financial Protection Bureau (CFPB) is ordering Wells Fargo Bank to pay more than $2 …[continue reading]

Suddenly everyone is hunting for alternatives to the US dollar

Some of the world’s biggest economies are exploring ways to circumvent the US dollar. PHOTO: REUTERS Updated 22 Dec 2022, 7:27 pm SGT   Facebook Twitter   SINGAPORE – King Dollar is facing a revolt. Tired of a too-strong and newly weaponised greenback, some of the world’s biggest economies are exploring ways to circumvent the …[continue reading]