BANK OF INTERNATIONAL SETTLEMENTS
[Bank of Banks - The Head of the Dragon]

General Manager, Bank of International Settlements (BIS)
Agustin Carstens
Sent a chilling message regarding the future direction of central bank digital currencies (CBDCs). All FED Chairs [world wide] report to this fellow. He states - without stuttering - the objective of the BIS is to END CURRENCY (to control the people). This means no more private money. No more cash belonging to the people. From this viewpoint - access to money is a PRIVILEGE - and may be revoked at will.
#nwo #social #credit #cashless #surveilance #CBDCs #BiS #control #lockstep
Important.

All That Glitters Is Not Necessarily Russian Gold — Strategic Culture – https://www.strategic-culture.org/news/2022/03/17/all-that-glitters-is-not-necessarily-russian-gold/

As of February 1, three weeks before the start of #OperationZ, the #Russia n Central Bank held $630.2 billion in reserves. Almost half –

$311.2 billion – were placed in foreign securities, and a quarter – $151.9 billion – on deposits with foreign commercial and #CentralBank s. Not exactly a brilliant strategy.As for the physical #gold, #$ 132.2 billion – 21% of total reserves – remains in vaults in Moscow (two-thirds) and St. Petersburg (one-third).

The key problem is that more than 75% of Russian Central Bank reserves are in foreign currency. Half of these are #securities, like government bonds: they never leave the nation that issued them. Roughly 25% of the reserves are linked to foreign banks, mostly private, as well as the #BIS and the #IMF.

#Sanctions and #sovereignty – https://rentry.co/sanctions-and-sovereignty

Policy makers
Global Public-Private Partnership
#BIS

#BIS warns global economy will meltdown if #AI bubble slows/bursts

The #Bank of International Settlements (central bank OF central banks) has warned in their latest report that the speculative capex spending around AI has reached proportions so absurd — think tulip mania times Roaring 20's times dot-com — that if anything even so much as slows down, the whole house of cards will fall, and the global economy will slip into a deep depression or collapse altogether.

Companies like Nvidia and the hyperscalers (google, meta, oracle) are borrowing money hand over fist, throwing a TRILLION DOLLARS at new capacity, with no understanding of how that will possibly be paid off. But at this point, the idea of stopping it is unthinkable, and the results would be catastrophic.

When (not if) this thing turns—and the signs are already there—those who can grow their own and exist without grid power or supermarkets for a time are the ones who will be left standing.

Preparing now to weather a storm (and I do mean one of generationally epic, historic proportions) would be a very good idea.

- @iceagefarmer

https://www.bis.org/publ/arpdf/ar2026e1.htm