Puppet Masters

Russia deploys secret weapon in war for financial sovereignty

Edward Slavsquat
edwardslavsquat.substack.com
Tue, 17 Jan 2023 10:45 UTC

“Financial sovereignty”: It’s what friendly banker-lady Christine Lagarde and Bank of Russia high priestess Elvira Nabiullina crave!

Russian President Vladimir Putin has unveiled his ingenious plan for securing Russia's financial sovereignty.

"It is necessary to strengthen the financial sovereignty of the country, I count on the work of the Central Bank," Putin said during a meeting with government officials on Wednesday.

Obviously, it is perfectly understandable for Putin to have great expectations for his country's wonderful central bank.

Let's review why.

Like all central banks, the Bank of Russia functions as a "body of state power" even though it acts independently from the Russian state. source: CBR.ru

Like all central banks, the Bank of Russia engages in all kinds of "sovereignty-protecting" measures, such as "monitoring all transactions in the country, unless you are rich and can afford to take advantage of legal loopholes":

Starting in January 2022, the Bank of Russia has "request[ed] information about all p2p transactions (from an individual to an individual), including the personal data of senders and recipients of funds." (source: RBK)Like all central banks, the Bank of Russia is aggressively pushing for its own CBDC, the digital ruble.

"Real operations" with Russia's centralized, programmable digital currency have been fast-tracked and are slated to begin in April. Everyone is very excited about this:

Oh happy days (source)

AsVedomostireported:

The digital ruble will also ensure the transparency of the terms of payment services, since it will allow tracking the targeted spending of funds by citizens, representatives of Promsvyazbank, Sberbank and Russian Standard Bank note. [...]

Blockchain consultant and cryptocurrency researcher Denis Smirnov is critical of the idea of the Central Bank: "For people, the introduction of the digital ruble is the realization of the most terrible scenarios described by science fiction writers in dystopias." According to the expert, with the advent of the digital ruble, absolute transparency will reign in the field of personal finance, which means that the human right to privacy will be under attack.

What a whiner. Doesn't this guy care about "financial sovereignty"?

Like all central banks, the Bank of Russia is obsessed with cattle-tagging the proles.

Thanks to Russia's Unified Biometric System, the Bank of Russia enjoys a 25% stake in a commercial enterprise that will store all biometric data in the country (for now, face scans and voice recordings).

source: Nakanune.ru

Conservative activists in Russia have warned that this newly created database lays the foundation for a digital control grid.

Like all central banks, the Bank of Russia is completely awful.

Elvira Nabiullina received another term as CBR chief (after being endorsed by Putin) weeks after "losing" half of the Bank of Russia's reserves to western asset-freezes.

source: TASS

To some it may seem odd that Russia's president places so much faith in Elvira and her sovereignty-guarding bank, but all seasoned Russia-watchers know Putin is extremely fond of central banks.

Speaking at the Davos Agenda 2021 online forum on January 27, Russia's president prophesized that central banks would take a lead role in developing a "sustainable" solution to the economic aftermath of the "pandemic":

Comment: This sovereignty isn't just needed to steer a sustainable course through the terrible fallout of the tyrannical lockdowns, because, it's pretty clear there's even greater turmoil in the works that will need to be navigated through - should the planet as we know it make it that far.

[We must] ensure that this [economic] recovery is sustainable in the long run, relies on a high-quality structure and helps overcome the burden of social imbalances. Clearly, with the above restrictions and macroeconomic policy in mind, economic growth will largely rely on fiscal incentives with state budgets and central banks playing the key role.

"So it goes."

Edward Slavsquat is entirely funded by your very generous and delicious digital rubles.

Comment: As with most issues, there's the good, the bad, and the specific situation; and so whilst Western governments have proven that they cannot be trusted with greater surveillance over the population (even if, for the most part, they already have these powers; and they're in the process of snatching even more); Putin, who enjoys an 80% confidence rating amongst citizens at home, and is widely praised abroad for his work neutralising the nefarious unipolar forces, has shown that, in this instance, greater transparency and accountability may be necessary in order to further the good work.

Reader Comments

TBoris · 2023-01-17T13:22:59Z

"Resetting Without Schwab: Russia & the Fourth Industrial Revolution" [Link]

Citing Confucius and Kabbalah mysticism, he reminded his audience of the millennia-old tradition of shielding the truth from the easily excitable masses.“People don’t want to be manipulated when they have knowledge. What does it mean to remove the veil from the eyes of millions of people and make them self-sufficient? How do you manage them? Any mass management implies an element of manipulation,” Gref concluded.

"wiki on Central Bank of Russia" [Link]

Sanctions also included asset freezes on the Russian Central Bank,[35] which holds $630 billion in foreign-exchange reserves,[36] to prevent it from offsetting the impact of sanctions.[37] On 5 May 2022, President of the European Council Charles Michel said: "I am absolutely convinced that this is extremely important not only to freeze assets but also to make possible to confiscate it, to make it available for the rebuilding" of Ukraine.

Note that "foreign-exchange reserves" can be frozen (and stolen) so putting more gold in them doesn't sound like a good deal for Russia's Sovereignty, so not sure where the article is going with that...

"Russia’s Adaptive Authoritarianism" [Link]

Today’s Russia is not simply the totalitarian dictatorship that many contemporary analyses tend to present it as. Instead, Putin, as a head of state, fulfills the role of a coordinator or arbiter between Russia’s powerful factions and interest groups that make up its elite. That elite itself also doesn’t simply rule through blunt authoritarianism but has instead established a more nuanced, tightly controlled system of “managed democracy” that plays an important role in establishing legitimacy for the elite. This system effectively shares the trappings of both democracy and dictatorship. But as with any political system, its nature is forced to adapt to changes in its external environment and domestic requirements.

Using Hunger Game parlance, I see Russia as mostly closely matching District 13...[Link]

Dwoods44 · 2023-01-17T13:25:59Z

Like the SOTT editor, there is no black and white in these times. Is Putin, as this author suggests, simply doing the bidding for the globalists by voicing backing for the central bank and digital currency?

Based on his actions and speeches, along with his advisors and spokespeople, Russia appears to be taking a strategic position of a multipolar world, with a new global currency structure not dependent on the petro-dollar, individual nation sovereignty, protection of the Orthodox church and religion, self-sufficiency of his nation, cooperation with other nations with similar concerns and directions. During the American revolution these were all directions the USA took to end its vassalage to the UK. I still give Putin the benefit of the doubt.

TBoris · 2023-01-17T13:59:36Z

Dwoods44

Like the SOTT editor, there is no black and white in these times. Is Putin, as this author suggests, simply doing the bidding for the globalists by voicing backing for the central bank and digital currency?

I would say that Putin draws the line there in that the commercial interests in Russia need to be loyal to the state (or end up state owned). But at the same time, he doesn't want to isolate Russia(for the sake of those commercial interests), so the Central Bank needs to be able to work to facilitate trade and protect the state. Not an easy dance, and unfortunately that is where internal implementation of centralization (in Russia) can go too far (CBDCs being one of those).

I still give Putin the benefit of the doubt.

So do I. What else can "we" do? At least in Russia, there is still a chance to bring the nation state model back(and make it work again), which is a step away from WEF/UN/etc. etc. centralized stakeholder globalism instead of a step towards it (I think).

ReRan · 2023-01-17T15:00:59Z

TBoris Dwoods44 Good comments. I started thinking maybe the Davos group will push this, CBDCs, as well?

TBoris · 2023-01-17T15:44:23Z

ReRan

"...maybe the Davos group will push this, CBDCs, as well?"

Makes sense that they would. Here is WEF on the subject (already supportive) 'World Economic Forum argues for CBDCs, Australia latest to test use-case technology' [Link]
If you look at the global dashboard for CBDC implementation: [Link] Russia is behind China and Canada who are already at Pilot.

Given that Russia doesn't want the centralized tracking to be "global" they would likely restrict citizen-to-citizen transactions to the Russian State(stored on Russian cloud servers inaccessible to the outside world). At least I would think that would be the plan??

If WEF(Davos etc) gets its way all "global" citizens use of CBDCs will be tracked/monitored/controlled at(or by) the big boot building(via policy - Basel Accords) headquarters (the central bank of central banks) at some point in the future [Link] That would allow improved ability (by the globalists) to target individual citizens and businesses no matter where they are. Just some thoughts on that.

ReRan · 2023-01-17T16:58:14Z

TBoris Thanks! I saw the map with Canada on pilot, but I'm not sure what that means exactly.

Dwoods44 · 2023-01-17T17:49:11Z

TBoris What else can we do? We can become complete pessimistic nihilists.

TBoris · 2023-01-18T02:07:59Z

ReRan

I saw the map with Canada on pilot, but I'm not sure what that means exactly.

The key is at the bottom of the web site (you have to scroll down)...Here it is as well:

CBDC projectCurrent status of Central Bank Digital Currencies (CBDC) worldwide

Description Cancelled Countries that cancelled or decommissioned a CBDC.

Research Countries that have conducted first explanatory CBDC research.

Proof of Concept Countries that are in an advanced research stage and have published a CBDC proof of concept.

Pilot Countries that have developed a CBDC that is tested in a real environment either with a limited number of parties or on a wide scale.

Launched Countries that officially fully launched a CBDC.

SOTT Focus:The Rise & Risks of Central Bank Digital Currencies

Comment: Not only a thorough update on the Big changes we're going to see in much of the world's monetary system in the not-too-distant-future, but also one of the most comprehensive discussions...

TBoris · 2023-01-18T02:14:54Z

Dwoods44

What else can we do? We can become complete pessimistic nihilists.

Always an option!

ReRan · 2023-01-18T15:37:52Z

TBoris Thanks, missed that somehow.

Almost all the private wealth of the UK is held by the Grannies and Grandads ,representing the lifetime savings to keep them secure and to pass on...

Awordinyourear

Considering the level of rationality displayed on Western / EU side lately, I think they will do it anyway. Which only hastens their demise.

codis

(Communications/Transportation Mercury Retrograde in Aries changed to forward motion conjunct the Nodes of Destiny simultaneously with our Scorpio...

LindaMay

Harari said, he and the likeminded cabal of shadowy world masters will "build an Ark and leave the rest to drown." Moonraker [Link]

Zbigniew

With each such step we come closer to the fulfillment of Irlmaier's prophecy.

Zbigniew

Puppet Masters

Russia deploys secret weapon in war for financial sovereignty

Reader Comments

SOTT Focus:The Rise & Risks of Central Bank Digital Currencies

Latest News

Picture of the Day

Quote of the Day

Recent Comments

Quantum Quirk