Saturday, April 1, 2023

Thursday Conversation – John Titus

by Turd Ferguson, TF Metals Report:

John Titus has been a friend of the site for quite a while but we’ve not had an opportunity to visit with him for a couple of years. We fix that issue today and what great timing! With all of the current banking “stress”, I can’t think of a better guest for this week’s Thursday Conversation.

You’ll likely recall John from all of the forensic analysis he provided on TARP and QE a few years back. All of that great content is still available on John’s YouTube channel so you should be sure to check it out when you get a chance. He’s also on SubstackRumble and just about everywhere else. You can also find his work at Catherine Austin Fitts’ Solari Report.

State Laws Pushing Central Bank Digital Currency Must Be Stopped!

by Tom Renz, Esq., America Outloud:

When it comes to who’s behind the push to sneak in Central Bank Digital Currency (CBDC) legislation on the state level, we need to look no further than the Uniform Law Commission (the “ULC”… stinking lawyers). The response from many lawmakers when people are questioning these bills is that it’s a conspiracy theory to suggest these Uniform Commercial Code (UCC) bills will facilitate CBDC.

Central Bank Digital Currency Prison – Catherine Austin Fitts

by Greg Hunter, USA Watchdog:

Catherine Austin Fitts (CAF), Publisher of The Solari Report, financial expert and former Assistant Secretary of Housing (Bush 41 Admin.), says the Central Bank Digital Currency (CBDC) is much easier said than done.  There is a monster fight behind the scenes between commercial banks and central banks.  CAF explains, “You have bubbled an entire economy, and now you are bringing out something (CBDC) that could shrink the bubble dramatically, and it can put a lot of banks out of the game and out of the business.  If the central banks are going to compete directly for retail accounts, it’s going to shrink the fees and business for a lot of banks.  You are talking about cutting their income or putting them out of business.  So, CBDC is highly controversial.  One reason is people are beginning to wake up and realize, oh, I am no longer an insider.  CBDC is going to turn me into a slave, and they are going to be able to take all my assets.  You think they could lock you down during the pandemic?  The CBDC is the ultimate lockdown tool, and they can lock anyone down whenever they feel like it.”


from Free Your Mind:


The limitations of the EU’s new cryptocurrency regulations

by David Attlee, Coin Telegraph:

By the time MiCA makes it through the EU, will it be enough to effectively regulate the crypto industry on the continent?

The final vote on the European Union’s much-awaited set of crypto rules, known as the Markets in Crypto Assets (MiCA) regulation, was recently deferred to April 2023. It was not the first delay — previously the European lawmakers rescheduled the procedure from November 2022 to February 2023.

Tom Emmer Unveils Bill to Ban Fed from Issuing Government-Controlled Digital Currency

by Sean Moran, Breitbart:

House Majority Whip Tom Emmer (R-MN) on Wednesday introduced legislation to prevent the Federal Reserve from issuing a central bank digital currency (CBDC), which he and others say could surveil Americans’ financial activity.

“Today, I introduced the CBDC Anti-Surveillance State Act to halt efforts of unelected bureaucrats in Washington, DC from stripping Americans of their right to financial privacy,” Emmer, a staunch cryptocurrency advocate, wrote.

Sam Bankman-Fried, BlockFi and Sullivan & Cromwell: A Viper’s Nest of Conflicts and Intrigue

by Pam Martens and Russ Martens, Wall St On Parade:

On December 21, Big Law firm Sullivan & Cromwell filed a conflict disclosure with the U.S. Bankruptcy Court in Delaware, where it was hoping to be officially appointed as lead counsel for the bankruptcy estate of Sam Bankman-Fried’s collapsed crypto house of cards – FTX, Alameda Research and its more than 100 opaque affiliates. Judge John Dorsey signed the order making Sullivan & Cromwell lead counsel on January 20, despite a mind-numbing list of conflicts of interests, including extensive past legal work for the FTX group and personal legal work for its now indicted kingpin, Sam Bankman-Fried. The disclosure showed that in addition to FTX and Alameda Research, Sullivan & Cromwell had 10 other current crypto clients, including four major crypto competitors to FTX — BlockFi, Coinbase, Gemini, and Kraken.

It’s Never Too Late to Begin Protesting against the Proposed Central Bank Digital Currency

by Mac Slavo, SHTF Plan:

Whether you like it or not, central bank digital currencies (CBDCs) are coming. That’s the message in a recent tech column in the Wall Street Journal. A similar tone can be found coming from organizations like the World Economic Forum, the International Monetary Fund, and the Atlantic Council.

Reading these sources could lead you to conflate so-called CBDCs with autonomous trucks or artificial intelligence (AI) writers—technology that meets the needs of consumers so well that it’s hopeless to resist. But that isn’t true. CBDCs are not a groundbreaking new development in financial technology. They’re the next step in the government’s corruption of money and a severe threat to liberty.

Bitcoin premium hits 60% in Nigeria as country limits ATM cash withdrawals

by Martin Young, Coin Telegraph:

The price of one Bitcoin (BTC) in Nigeria has skyrocketed to the equivalent of $38,000 in the local currency, the naira.

The price of Bitcoin BTC $23,172 in Nigeria has skyrocketed to well above global market levels amid continued efforts by the central bank to push its citizens into digitalized cash.

At the time of writing, the price of 1 BTC on the Nigerian crypto exchange NairaEX is 17.8 million nairas, equating to a whopping $38,792.

I Want to Stop CBDCs – What Can I Do?

by Catherine Austin Fitts and Carolyn Betts, Corey’s Digs:

Many subscribers and readers of the Solari Report have asked how they can stop the implementation of central bank digital currencies (CBDCs) in the U.S. and other countries. It is important to recognize that there is a great deal that each one of us can do to take action. In a highly leveraged financial system such as we have, a single individual counts for a lot.

Here are actions that each of us can take:

Going cashless: Norway’s digital currency project raises privacy questions

by David Attlee, Coin Telegraph:

At this point, the test network for the Norwegian CBDC uses not the public Ethereum ecosystem, but a private version of the enterprise blockchain Hyperledger Besu.

The small Nordic country of Norway may not be particularly notable on the global crypto map. With its 22 blockchain solution providers, the nation doesn’t stand out even at the regional level.

Live By The Needle, Die By The Needle

from DollarVigilante:



from Smaulgld:


He’s Cooked…


by Karl Denninger, Market Ticker:

Sam is done.

Two of his chief lieutenants, including his former lover, have turned on him, pled guilty to criminal offenses that will almost-certainly lead to a decade or more in prison, and are cooperating against him.

Among the offenses they pled guilty to are installing specific bypasses of the risk-control and auto-liquidation rules on certain accounts which were utterly essential to propagate the robbery of client funds.  Absent that most, if not all of the loss would not have occurred, with Alameda being forced into liquidation before the damage was severe enough to implicate customer money.

SBF Was Meeting With Senior White House Officials Shortly Before FTX Collapse

by Paul Joseph Watson, Summit News:

FTX founder and accused crypto-crook Sam Bankman-Fried met with senior White House officials on at least four occasions in the months leading up to his firm’s massive implosion, Bloomberg reports.

On Sept. 8, SBF met with senior Biden adviser Steve Ricchetti in a previously unreported encounter, White House officials familiar with the matter said. The meeting was “the latest in a handful of sessions,” according to the report.