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European Central Bank trademarks "digital euro" as it begins experiments on digital currency launch

digital currency
As the world obsesses over Trump's taxes or whether or not he is using oxygen during his covid hospitalization, the biggest overhaul in monetary and currency history is quietly taking place just behind the scenes. Just two weeks ago, Cleveland Fed president Loretta Mester hinted at just how close the US is to a comprehensive overhaul of the entire fiat system when she said that "legislation has proposed that each American have an account at the Fed in which digital dollars could be deposited, as liabilities of the Federal Reserve Banks, which could be used for emergency payments."

This, together with an August Bloomberg interview with Simon Potter, who led the Federal Reserve Bank of New York's markets group for years, and Julia Coronado, who spent eight years as an economist for the Fed's Board of Governors (the two are among the innovators brainstorming solutions to what has emerged as the most crucial and difficult problem facing the Fed: get money swiftly to people who need it most in a crisis), in which the duo suggested depositing digital dollars directly in households' apps, prompted us to write two weeks ago that "In An Unprecedented Monetary Overhaul, The Fed Is Preparing To Deposit "Digital Dollars" Directly To Each American."

Comment: The transition to different forms of super-centralized, technocratic-controlled digital currency is fast occurring around the world. While not all blockchain-derived cryptocurrency will be completely under the thumb of the elites, you can be sure that these buggers will try, as much as possible, to make our use of money dependent, ultimately, on following their policies of dominance and control.

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Stop

Governments "combating" the virus world wide: Mass unemployment is not the solution

India unemployment at record high
India unemployment at record high
Preventing the Reopening of the National Economy will contribute to wiping out (regional and local) small and medium sized enterprises worldwide

Millions of people around the World are victims of the fear campaign. Panic prevails. Day after day, the persistent impact of media disinformation concerning the Killer Virus is overwhelming.

Fear and panic, coupled with outright lies prevent people from understanding the logic of these far-reaching economic and social policies.

On March 11, 2020 the WHO declared a Worldwide pandemic, requiring the lockdown and closure of the national economies of 193 member states of the United Nations, with devastating economic and social consequences: unemployment, poverty, despair.

These authoritarian measures imposed on millions of people were accepted outright. Public opinion was led to believe that the measures were a solution to combating the "Killer Virus".

The Second Wave

And now, seven months later, a Covid-19 "Second Wave" has been announced. The proposed solution to combating the "killer virus" is to prevent and postpone the reopening of the national economy, coupled with the enforcement of social distancing, the wearing of the face mask, etc.

Bell

UK court decision on Venezuela gold deals blow to regime change efforts

Guiado meets with UK PM Boris Jonson
Self-declared Venezuelan President Juan Guiado meets with UK PM Boris Jonson in London in January, 2020.
A UK court ruled that the administration of Boris Johnson's position that Juan Guaidó is the legitimate ruler of Venezuela is far from equivocal, paving the way for over $1 billion of the country's gold to be released.

A United Kingdom court has handed the Venezuelan government of Nicolas Maduro a major win today, overturning a previous ruling from a lower court that legitimized the British government's decision to freeze Venezuelan government gold reserves held in the Bank of England. The English Court of Appeal ruled that the Conservative administration of Boris Johnson's position that Juan Guaidó is the country's legitimate ruler was far from equivocal, potentially paving the way for some $1.95 billion of the Central Bank of Venezuela's gold to be accessed.

Following President Trump's lead, in July, the U.K. government took the extraordinary step of derecognizing President Maduro in favor of the self-declared Guaidó, despite the fact that for nearly six months, he had not even been a member of his Popular Will party, let alone its leader. The move was labeled "highway robbery" by supporters of the Venezuelan government.

Comment: See also:


Bizarro Earth

Protesters rally in Italy as ex-Deputy PM Salvini faces trial over 'kidnapping' of over 130 migrants

salvini protest
© Reuters / Antonio ParrinelloFILE PHOTOS
Matteo Salvini, head of the rightwing Lega Nord party, appeared in court over a 2019 order to bar migrants from disembarking onto Italy's shores. The hearing was accompanied by rallies both in support and against the politician.

People from both camps marched through Catania on Saturday, the second-largest city in Sicily, chanting slogans and carrying banners either supporting or opposing Salvini's cause. The rallies were held amid a heavy police presence as a preliminary hearing on Salvini's case was heard at the city's Palace of Justice.

Salvini, who served as Deputy Prime Minister and Interior Minister until September 2019, was in court for the hearing on "aggravated kidnapping" charges brought against him. They relate to an incident last July when the right-wing politician denied a coastguard ship - that rescued 131 migrants, among them over a dozen unaccompanied minors - permission to dock in Sicily.

Comment: It's clearly a trumped up charge and it's not the average citizen that wants to throw him into jail, in actuality a significant proportion of the population fully supported his migration stance, rather it would appear those that wield more power, and are pushing for mass migration, want Salvini gone: Also check out SOTT radio's: The Truth Perspective: Weapons of Mass Migration: Interview with Michael Springmann on Europe's Migrant Crisis


Radar

Air Defence Axis: Russia would have 'no problem' delivering S-400s to Iran

s-400
© AP Photo / Vadim Savitsky/Russian Defense Ministry Press
Iran's Air Defence Troops already operate four battalions of upgraded S-300PMU2s, including launchers plus the accompanying target detection and designation radar equipment. Furthermore, the country's domestic defence industries have created a range of first-rate air defence systems, including the Bavar 373 and the Khordad-3.

Moscow would have "no problem" selling its S-400 air defence system to Iran, Russian Ambassador Levan Dzhagaryan has said.
"As you know, S-300s have already been delivered. Russia has no problem delivering S-400s to Iran. This was never a problem from the very beginning," Dzhagaryan said, speaking to Iran's Resalat newspaper in an interview published Saturday.
Commenting on "US threats" to try to extend the United Nations arms embargo against Tehran indefinitely, the diplomat stressed that Moscow would not be intimidated by US pressure, would make good on any commitments made, and would be willing to listen to offers from the Iranian side to buy Russian arms when the UN embargo expires on October 18.

Eye 2

'The real monster': Maxwell accuser claims Epstein's 'madam' was 'mastermind' of sex trafficking

ghislaine
© AP Photo / Chris Ison
Ghislaine Maxwell, once a glittering socialite and a close associate of disgraced financier Jeffery Epstein, was arrested in July in relation to her alleged participation in sexual abuse and sex trafficking of minors. Several new victims of the couple's self-made "massage parlour" have come forward since then.

A New York woman claims that Epstein's companion Ghislaine Maxwell was the "real monster" behind the financier's sex trafficking ring, who once brutally gagged and raped her, the accuser told The Sun in an interview.
"I just don't think Epstein was the monster behind it more than it was her, she was the real monster in my opinion", the accuser reveals, noting that she now wants Maxwell to be punished and suffer behind bars.

Sherlock

CIA and MI6 behind Armenian - Azerbaijani conflict?

cia mi6
The clash between Azerbaijan and Armenia has been escalating fast. There is a full scale war going on, with both sides using heavy artillery, tanks, and aviation, with confirmed causalities already being in the hundreds, including civilians.

This conflict is beneficial for both Azerbaijani and Armenian elites, in short term, as it allows to distract people from the economic issues (caused by the anti-coronavirus measures with the global recession/depression in the background) and temporary unite them in the face of a perceived threat, but there is also a distinct international dimension, with Turkey outrightly supporting Azerbaijan through its networks (president of France, Emmanuel Macron, among others, has stated that Syrian jihadists are fighting in Nagorno-Karabakh) and Turkish diplomats using highly militaristic rhetoric in relation to Armenia (Turkey should be quiet about anything that has to do with Armenia, given the history between the two in the early 20th century, but that is besides the point).

There are multiple factors at play, but there are a few minor details that analysts do not really pay attention to.

Megaphone

Trump (again) says he condemns all white supremacists including 'Proud Boys'

Trump rally
© Reuters/Lucas Jackson
President Donald Trump said on Thursday he condemned all white supremacists including the "Proud Boys," an organization identified as a hate group, following comments he made in the first presidential debate earlier this week that were viewed as emboldening the group.

"I condemn all white supremacists, I condemn the Proud Boys. I don't know much about the Proud Boys but I condemn that," Trump told Fox News in an interview.

During his debate with Democratic presidential nominee Joe Biden on Tuesday, Trump was asked if he was willing to denounce "white supremacists and militia groups" and tell them to stand down amid violence that has marred anti-racism protests in some U.S. cities.

Calendar

Hypocritical Schumer: 'No reason on God's green earth' SCOTUS hearings 'shouldn't be delayed'

Schumer
© Stefani Reynolds/Bloomberg/Getty ImagesSenate Minority Leader Chuck Schumer
Senate Minority Leader Chuck Schumer (D-NY) called on Republicans, again, to delay the Supreme Court confirmation hearings for Judge Amy Coney Barrett, saying it wasn't possible to hold the committee proceedings safely at this time.

During a press conference on Sunday morning, Schumer said that Senate Majority Leader Mitch McConnell (R-KY) "seems to be jamming through" the judge's upcoming hearings despite several GOP senators testing positive for coronavirus and McConnell's decision to reschedule activity on the Senate floor until after October 19.

Schumer declared:
"It makes no sense. If it's not safe for the Senate to meet in session, it's not safe for the hearings to go forward.

"For Mitch McConnell to go ahead with the hearing endangers the safety not only of senators, but of staff who work diligently on the Hill, and they ought to be delayed. There is no reason on God's green earth why these shouldn't be delayed other than an effort to rush a witness through in an inadequate hearing where people can't even see the witness face-to-face. So we are demanding today, along with millions of Americans and many, many groups, that the hearings be postponed."
Senate Judiciary Chairman Lindsay Graham (R-SC) has previously said that any senators who wish to participate in the confirmation hearings virtually may do so, a possibility that McConnell has himself expressed as an option to The New York Times.

Comment: Make no mistake about it. If there was a Democratic president in office, they'd be pushing through their own candidate for SCOTUS just like Trump is right now.

If masses of school children can be educated online from home, so can politicians similarly participate in hearings. Perhaps a child should show Congress how to do that. As far as Schumer's grand gesture to involve 'the American people' - Supreme Court justices are nominated by the President and are confirmed by the Senate, period. Pawns of the system are not involved.




No Entry

US bans communist party members from immigration

Chinese and communist flag
© Reuters/Carlos BarriaPerformers hold flags of the Communist Party of China during an event to celebrate the 90th anniversary of the founding of the party.
Washington has decided to bar Communist Party members from immigrating into the country [USA], according to new policy guidance issued by the US Citizenship and Immigration Services (USCIS) last Friday.

The USCIS announced that anyone who is or has been a member of or affiliated with a Communist or totalitarian party cannot immigrate to America. The agency said the policy was part of a broader set of laws passed by the Congress to address threats to the safety and security of the country.

The USCIS wrote in a statement, which did not explicitly name the Chinese Communist Party (CCP):
"Membership in or affiliation with the Communist Party or any other totalitarian party is inconsistent and incompatible with the Naturalisation Oath of Allegiance to the United States of America, which includes pledging to 'support and defend the Constitution and laws of the United States'."
The move came amid heightened tensions between Washington and Beijing, as US President Donald Trump sought to block Chinese-owned apps including TikTok and WeChat, citing security fears.