Will CBDCs destroy what’s left of freedom in the world?


by Leo Hohmann, Leo’s Newsletter:

We get the cold, hard facts from investment guru Catherine Austin Fitts

For all of my readers who have followed the advent of central bank digital currencies and maybe have read a few of my articles on the topic but aren’t quite sure what to believe, you will not want to miss what I’m about to reveal from a top-notch expert on the American and global banking system.

This is going to clear up a lot of your questions.

TRUTH LIVES on at https://sgtreport.tv/

Catherine Austin Fitts is a former investment banker with Dillon Read & Co., and served as assistant secretary of the U.S. Department of Housing and Urban Development under the first President Bush. She currently serves as president of Solari Inc. and publisher of The Solari Report, a financial newsletter.

Fitts has a new article out on the future of cash. It’s titled The Threat of Financial Transaction Control and it was published on her website, Solari.com, on February 12, 2024.

Fitts warns that the U.S. Federal Reserve and its central-banking allies are engineering unprecedented changes in the financial system.

How do we know this?

“Because they speak openly about what they intend to do,” Fitts writes.

In this article, she embeds three 1-minute videos that “describe the vision of total central control currently being implemented by the central banks.”

The first is a clip from a panel discussion at the International Monetary Fund in October 2020. The speaker is Agustín Carstens, the general manager of the Bank for International Settlements (BIS) in Basel, Switzerland.

The BIS is the most powerful financial institution in the world.

As Fitts explains, “the BIS is the central bank of central banks, which enjoys the powers of sovereign immunity. The Federal Reserve is one of 63 central banks which are BIS members, including the Bank of England, the European Central Bank, and the Bank of China.”

In this video clip, Carstens is describing the nature of central bank digital currency or CBDC. The BIS is leading a global effort to implement CBDC, including a partnership with the Federal Reserve.

Here’s what Carstens had to say about where he hopes our money is going, with the aid of CBDCs.

Read More @ leohohmann.substack.com