{"id":105109,"date":"2022-12-19T21:45:57","date_gmt":"2022-12-19T21:45:57","guid":{"rendered":"https:\/\/yogaesoteric.net\/?p=105109"},"modified":"2022-12-19T21:46:57","modified_gmt":"2022-12-19T21:46:57","slug":"the-smart-money-nightmare-what-life-without-cash-could-mean-for-you","status":"publish","type":"post","link":"https:\/\/yogaesoteric.net\/en\/the-smart-money-nightmare-what-life-without-cash-could-mean-for-you\/","title":{"rendered":"The Smart Money Nightmare: What Life Without Cash Could Mean for You"},"content":{"rendered":"<p>It is vital that every person understands what the proposed changes to the monetary system will mean. The changes, if allowed to happen, could be the most devastating event in our lifetime and potentially the biggest removal of liberty in modern history.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-105110\" src=\"https:\/\/yogaesoteric.net\/wp-content\/uploads\/2022\/12\/1-56-300x184.jpg\" alt=\"\" width=\"561\" height=\"343\" srcset=\"https:\/\/yogaesoteric.net\/wp-content\/uploads\/2022\/12\/1-56-300x184.jpg 300w, https:\/\/yogaesoteric.net\/wp-content\/uploads\/2022\/12\/1-56-768x470.jpg 768w, https:\/\/yogaesoteric.net\/wp-content\/uploads\/2022\/12\/1-56.jpg 980w\" sizes=\"auto, (max-width: 561px) 100vw, 561px\" \/><\/p>\n<p>Richard Hall of <em>Rich Planet TV<\/em> has produced the video below explaining the dangers of smart money, central bank digital currency (\u201cCBDC\u201d) and removing cash. Everyone needs to watch this video. It needs to be shared widely, particularly with those who think blockchain is \u201cprivate\u201d and will \u201cbeat\u201d the system and with younger generations who think cash is or should be made obsolete.<\/p>\n<p style=\"text-align: center;\"><iframe loading=\"lazy\" class=\"fitvidsignore\" title=\"Johnny's Cash and The Smart Money Nightmare - Richard D Hall\" src=\"https:\/\/www.youtube.com\/embed\/prRtSGH2iRc\" width=\"561\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><em>Richard Hall: Johnny\u2019s Cash and The Smart Money Nightmare, 4 October 2022 (15 mins)<\/em><\/p>\n<p>If the video above is removed from YouTube you can watch it on Bitchute <a href=\"https:\/\/www.bitchute.com\/video\/5x5sX4IGQEFa\/\">HERE<\/a>.<\/p>\n<p>What better way to shift the world towards the changes required for the \u201csmart money nightmare\u201d to take effect than a crisis or a series of crises. Could recent interventions by the Bank of England be an indication of such a crisis? We don\u2019t know and we don\u2019t know if it is all happening by design and planned well in advance. But we do know they would \u201cnever let a good crisis go to waste.\u201d So recent and significant disturbances in the financial markets are worth noting.<\/p>\n<p><strong>Bank of England Intervenes to Smooth the Market<\/strong><\/p>\n<p>The British government\u2019s shift toward fiscal stimulus \u2013 <a href=\"https:\/\/news.sky.com\/story\/its-not-clear-which-policy-tipped-markets-over-the-edge-or-which-one-he-can-reverse-to-put-the-genie-back-in-the-bottle-12711385\">a plan unveiled by UK Chancellor Kwasi Kwarteng<\/a> \u2013 upended British financial markets. The combination of massive energy subsidies and tax cuts alarmed investors, who worried that the British budget deficit would become unsustainable. The result was a very sharp rise in bond yields, a decline in equity prices, and a historic drop in the value of the pound.<\/p>\n<p>In a scathing verdict on the UK\u2019s plans, <a href=\"https:\/\/www.politico.eu\/article\/imf-urges-truss-to-think-twice-before-going-forward-with-tax-cutting-plan\/\">the IMF urged Kwarteng<\/a> to \u201cre-evaluate\u201d the tax-cutting plan, which includes the scrapping of the top rate of income tax and an end to a bonus cap for bankers, saying it will \u201clikely increase inequality.\u201d It urged the UK government to \u201cprovide support that is more targeted and re-evaluate the tax measures\u201d during the chancellor\u2019s upcoming announcement.<\/p>\n<p>Shortly after the IMF statement, credit rating agency <a href=\"https:\/\/www.thelondoneconomic.com\/business-economics\/moodys-deems-uks-new-fiscal-policy-regime-credit-negative-335981\/\">Moody\u2019s released its own damning verdict<\/a>, saying the fiscal plan could threaten the country\u2019s credibility with lenders by creating larger budget deficits.<\/p>\n<p>When a government wants to raise money to pay for its spending programme, one tactic is to issue bonds. In the UK, government bonds are called \u201cgilts.\u201d\u00a0 When the UK government issues gilts, it borrows money from the buyer. The loan term may be a few months, or it could extend to several decades. Bondholders receive an interest payment during the bond\u2019s life and get back their capital when it matures. The interest rate is also known as \u201cyield.\u201d Today\u2019s bond markets are worth around \u00a3100 trillion worldwide, according to the Securities Industry and Financial Markets Association. Every three months the UK\u2019s Debt Management Office (\u201cDMO\u201d) publishes a Quarterly Review summarising its gilt and money markets operations over the given quarter. The latest Quarterly Review is for April \u2013 June 2022. It shows that in the first quarter of 2022 (April -June), 27.5% of the UK government debt was held by insurance companies and pension funds.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-105113\" src=\"https:\/\/yogaesoteric.net\/wp-content\/uploads\/2022\/12\/2-15-e1671486226706-300x99.png\" alt=\"\" width=\"760\" height=\"250\" srcset=\"https:\/\/yogaesoteric.net\/wp-content\/uploads\/2022\/12\/2-15-e1671486226706-300x99.png 300w, https:\/\/yogaesoteric.net\/wp-content\/uploads\/2022\/12\/2-15-e1671486226706.png 611w\" sizes=\"auto, (max-width: 760px) 100vw, 760px\" \/><\/p>\n<p><a href=\"https:\/\/www.dmo.gov.uk\/media\/e1ekgoew\/apr-jun-2022.pdf\">United Kingdom Debt Management Office: Quarterly Review April \u2013 June 2022<\/a>, pg. 3<\/p>\n<p>On 26 September the <a href=\"https:\/\/www.bankofengland.co.uk\/news\/2022\/september\/statement-from-the-governor-of-the-boe\">Bank of England made a statement<\/a> that it was monitoring developments in financial markets very closely. In <a href=\"https:\/\/www.bankofengland.co.uk\/news\/2022\/september\/bank-of-england-announces-gilt-market-operation\">a further announcement<\/a> on 28 September, the Bank of England (\u201cBoE\u201d) said it was taking measures \u2013 carrying out temporary purchases of long-dated UK government bonds \u2013 to restore orderly market conditions.<\/p>\n<p style=\"text-align: center;\"><iframe loading=\"lazy\" class=\"fitvidsignore\" title=\"Bank of England takes emergency action to calm markets\" src=\"https:\/\/www.youtube.com\/embed\/mpRSuOYk5A4\" width=\"561\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><em>Sky News: Bank of England takes emergency action to calm markets, 28 September 2022 (6 mins)<\/em><\/p>\n<p><em>Capital Economics<\/em> said that the BoE\u2019s steps show \u201c<em>it is going to do all it can to prevent a financial crisis<\/em>\u201d but that UK markets are \u201c<em>in a perilous position. It wouldn\u2019t be a huge surprise if another problem in the financial markets popped up before long<\/em>.\u201d<\/p>\n<p><a href=\"https:\/\/www.poundsterlinglive.com\/gbp-live-today\/17593-pound-sterling-bank-of-england-intervenes-in-bond-markets-volatility-seen-vs-euro-and-dollar\"><em>Pound Sterling Live <\/em>wrote<\/a> that numerous reports suggested the BoE action was taken after UK pension funds were said to be in distress following sharp moves in yields in the gilt markets.<\/p>\n<p>The US market is sensitive to and has been affected by the UK market, <a href=\"https:\/\/adamtooze.substack.com\/p\/chartbook-157-the-bond-market-massacre\">Adam Tooze wrote<\/a>. It raises the question of the overall fragility of global debt markets. At the end of September tremors were running through euro government bond markets including the German Bund market. \u201c<em>The spasm in the UK market rippled around the world. The EU felt the impact. And so too did the US. As one market participant observed: \u2018At the start of the week we were seeing moves in US Treasuries that could only be explained by what was happening in the UK\u2019<\/em>.\u201d<\/p>\n<p>Professor Richard A. Werner commented on his Telegram channel:<\/p>\n<p>\u201c<em>To fight the collapse of the pound, which is due to the excessive money printing since March 2020 (which is done via bond purchases), the Bank of England has announced more bond purchases \u2013 more money printing, copying the failed [European Central Bank] ECB playbook.<\/em><\/p>\n<p><em>Coming soon \u2026 UK to agree to peg its currency to the US dollar, at a bargain rate of \u00a31 = $1.<\/em><\/p>\n<p><em>Then all eyes on when ECB &amp; Swiss National Bank will follow (= \u20ac1). Eurozone countries have no say here, as they gave up monetary sovereignty to a foreign agency not accountable to any parliament<\/em>.\u201d &#8211; <a href=\"https:\/\/t.me\/WernerEconomics\/168\">Prof. Richard A. Werner on Telegram<\/a><\/p>\n<p><strong>Is the Bank of England Working in Isolation?<\/strong><\/p>\n<p>According to Tooze, far more nakedly than in 2020, the BoE\u2019s hurried interventions in September 2022 have exposed the forces that truly propel central bank intervention in the current dispensation. \u201c<em>The policy of asset purchases may look like \u2026 a coordination of monetary with fiscal policy. They may look like impressive demonstrations of the power of central banks. But they are, in fact, crisis-driven defensive reactions to the spasms of leveraged, market-based finance. What is at stake is not fiscal dominance \u2013 the central bank following the lead of the elected government \u2013 but financial dominance<\/em>.\u201d<\/p>\n<p>Corey Lynn notes that BoE is one of 63 members of the Bank for International Settlements (\u201cBIS\u201d):<\/p>\n<p>\u201c<em>A band of criminals got together a century ago and decided they were going to own the world, hold all of the power, create and hoard all of the money, and keep everyone on a constant spin cycle to fool them. Not only were they going to construct it as they saw fit, but they were going to build the most elaborate enslavement system this world has ever seen \u2013 one that gives them full immunity, allows them to operate outside the law entirely, and they were going to do it without anyone realising it until it was too late.<\/em><\/p>\n<p><em>At the top of the ivory tower, sit BIS, the Bank for International Settlements, with sovereign immunity. When carrying out specific activities under BIS, this immunity extends to its members, which is made up of 63 global central banks and monetary authorities, the Federal Reserve System, plus insurers, and payment systems through their subsidiary, that BIS deems \u2018systemically important institutions.\u2019<\/em><\/p>\n<p><em>These are groups of men and women who masterminded a plan to take global control of the world\u2019s money and weaponise it against everyone. The plotting began a century ago, and it\u2019s far past time to foil their plan<\/em>.\u201d &#8211; <a href=\"https:\/\/home.solari.com\/laundering-with-immunity-the-control-framework-part-1\/\">Laundering with Immunity: The Control Framework \u2013 Part 1<\/a>, Corey Lynn, 29 September 2022<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-105116\" src=\"https:\/\/yogaesoteric.net\/wp-content\/uploads\/2022\/12\/3-8-300x171.png\" alt=\"\" width=\"561\" height=\"320\" srcset=\"https:\/\/yogaesoteric.net\/wp-content\/uploads\/2022\/12\/3-8-300x171.png 300w, https:\/\/yogaesoteric.net\/wp-content\/uploads\/2022\/12\/3-8.png 639w\" sizes=\"auto, (max-width: 561px) 100vw, 561px\" \/><\/p>\n<p><strong>The Bank of England\u2019s Intervention as Part of a Much Larger Picture<\/strong><\/p>\n<p>Around the world, financial markets look increasingly distressed, <em>The Economist<\/em> reported:<\/p>\n<p>\u201c<em>In Britain government-bond yields have surged and sterling has slumped, prompting the Treasury and Bank of England to issue statements attempting to soothe markets. In Japan the government has intervened in foreign-exchange markets to stem the fall in the yen for the first time since 1998. In China the central bank has increased reserve requirements for foreign-exchange trading, in a bid to restrain currency outflows. At the heart of the turmoil is the relentless rise of the American dollar and global interest rates. There is little relief on the horizon<\/em>.\u201d &#8211; <a href=\"https:\/\/archive.ph\/sbRVK#selection-595.0-595.45\"><em>Financial markets enter a dangerous new phase<\/em><\/a>, <em>The Economist<\/em>, 26 September 2022<\/p>\n<p>In a clip from Catherine Austin Fitts\u2019 <a href=\"https:\/\/home.solari.com\/\"><em>The Solari Report<\/em><\/a><em>, <\/em>John Titus briefly discusses <em>The Economist<\/em>\u2019s article and what the implications are for the world.<\/p>\n<p style=\"text-align: center;\"><iframe loading=\"lazy\" class=\"fitvidsignore\" src=\"https:\/\/rumble.com\/embed\/v1kecua\/?pub=4\" width=\"561\" height=\"315\" frameborder=\"0\" allowfullscreen=\"allowfullscreen\"><\/iframe><\/p>\n<p><em>Financial markets enter a dangerous new phase, Catherine Austin Fitts &amp; John Titus, 7 October 2022 (2 mins)<\/em><\/p>\n<p>&nbsp;<\/p>\n<p><strong>yogaesoteric<br \/>\nDecember 19, 2022<\/strong><\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It is vital that every person understands what the proposed changes to the monetary system will mean. The changes, if allowed to happen, could be the most devastating event in our lifetime and potentially the biggest removal of liberty in modern history. Richard Hall of Rich Planet TV has produced the video below explaining the [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[980],"tags":[],"class_list":["post-105109","post","type-post","status-publish","format-standard","hentry","category-about-perverse-masonic-manipulations-3480-en"],"_links":{"self":[{"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/posts\/105109","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/comments?post=105109"}],"version-history":[{"count":2,"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/posts\/105109\/revisions"}],"predecessor-version":[{"id":105120,"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/posts\/105109\/revisions\/105120"}],"wp:attachment":[{"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/media?parent=105109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/categories?post=105109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/yogaesoteric.net\/en\/wp-json\/wp\/v2\/tags?post=105109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}