*IF* this is true, not some tactical retreat. I will be utterly delighted to be wrong.
However, I think government is starting to realise how hard a CBDC is, it will take them years. So they have time to pullback on the Digital ID element.
When they learn more about the challenges to implement a CBDC they will almost certainly partner with a private provider on one of the alternatives layer 1 coins.
Digital ID may get bundled into it.
The new digital wallet will probably use the carrot rather than the stick.
I.e. Sign up for a digital wallet to get a UBI of £200 a month completely free, etc.
I think they realised coercion was being counterproductive.
Governments are better at bribery.
With our own money.
However, in the short term this probably gives Johnson the political capital back he needs for extending emergency powers, and perhaps a winter lockdown.
Further normalising his dictatorial power levels.
Nevertheless, today really is a victory.
Every day we slow down the regime is a day closer to the financial system collasping before their plan to enslave us is complete.
(Please protect yourself from the coming crash. Land/Gold/Bitcoin)
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Why politics is breaking down so visibly right now around the Western world, and why exactly the regime is so fearful and panicky - and why Sunak, Biden et al have forgotten the most important political truth - that “Everyone is a friend of Genghis Khan”.
- A short🧵👇
Politics is not so different to Engineering or Coding, you use the simplest method to get the job done.
Nation states arise from wars and conflicts. In war all you need is the classic ‘Friend Enemy’ distinction.
This is the origins of all Politics and never goes away.
However, once the war is won and you rule, a simple ‘Friend Enemy’ distinction is not very useful for administering taxation, or getting roads or bridges built or any other complex task. So now you need to add a new layer the ‘Rule of Law’.
We are currently watching the biggest criminal theft of all time unfold from @JoeBiden 2nd biggest campaign donor.
I'll be covering what we know so far on the @lotuseaters_com Tuesday.
Sam Bankman-Fried son of 2 Stanford professors & political activitists created @FTX_Official and quick amassed $billions. Buying Stadiums & pledging $1billion to stop Trump in 2024.
In the last few days we discovered he was a criminal & fraud who stole from customers.
The scale of this fraud and theft is staggering with $billions dissappearing from locked customer accounts as we speak.
SBF own net worth collasped from $26bn to presumably zero as he goes into hiding.
Biden just lost his 2nd biggest donor after Soros.
Financial markets across the developed world are breaking.
Give me 5-6 minutes and I’ll explain the why and how – but also sadly why there is no good outcome from here, only very bad and worse.
The 2020s are not going to be fun to live through.
A thread 🧵🧵🧵
By all means get your analysis from normie economists & journalists who are completely blindsided by all of this, but I have been on the record describing what’s coming for over 2yrs, see my interviews with @JamesDelingpole & @LozzaFox for a starter. [Links to those at the end]
Start with the most fundamental problem. For 50 yrs the west spent > earned, then borrowed money.
I’m based in the UK, yet we all live in a dollar based global financial system, so let’s start there with a quick look at the great webpage: usdebtclock.org
Politicians are acting as if sanctions only go one way, as if Russia is a lunar colony which contributes nothing back. It’s actually the world’s biggest wheat/commodity exporter and a major oil provider. Here are 5 ways that cutting out Russia will hurt us.
1. RU provides 25% EU energy. Expect your energy bills to go up another 50% on top of the recent rises and another 100% next winter (MINIMUM) if this isn’t resolved by then. Which it probably won’t be. Energy is traded (with limitations globally), so the price effects will be
2. Russia produces 6.5m barrels of oil a day, that’s out of total around 80m worldwide. But consumption was already around 5m barrels in excess. So if you remove another 6.5 (or 4 if China keeps getting their 2.5 a day) that hits price real hard.
Why we have a world agenda and how does it really operate?
A thread on how there is no political solution why our system is incapable of ‘Reforming’ itself, and we cannot vote our way out of this madness.
Thread [1/14]
Inspired by Ricard Tice who just made a huge mistake.
Richards’s position is to back the Fascist Australian Regime over a “Spoilt rich Tennis Player”.
His argument is that Australian Sovereignty trumps all, including an individual’s sovereignty.
[2/14]
Despite the fact that Novak was actually granted a visa, that was only withdrawn once he had already arrived in Australia. Novak followed all rules, that isn’t the point here.
The point is the role of the state vs the individual?
[3/14]