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Tags: banks | cbdc | stabilization

Don't Forfeit US Sovereignty to Reset Federal Reserve System

reset for currency and business globally
(Dzmitry Dzemidovich/

Scott Powell By Thursday, 30 March 2023 10:31 AM EDT Current | Bio | Archive

As we connect the dots and put together the puzzle of what's going on globally, and here at home, we must first take ourselves out of denial, overcome the normalcy bias, and recognize that everything is different now than it has been at any previous time in history.

A very real war is being waged to destroy the United States from within, not from a foreign invasion firing bullets, missiles, and other weaponry.

In the crosshairs is the U.S. Constitution and the people’s rights and freedoms which it protects. There are also external actors in this war against the U.S. that include Russia and Iran.

But China and its Communist Party (CCP) remain the most formidable.

We must face the fact, sooner rather than later, that China has a large presence within the United States.

The Chinese People’s Liberation Army manual, "Unrestricted Warfare" stresses the importance of defeating the U.S. by working through supra-national bodies such as the United Nations, the WTO, WHO, IMF and the World Economic Forum (WEF), to name a few.

Through cultural transformation and elite capture, the CCP has also established beachheads which are internal fronts of the war to undercut the U.S. and its Constitution.

The cultural revolution within America has turned its universities, colleges, and many historical museums into centers of anti-American influence.

Cultural revolution has also politicized agencies of the federal government over the last two generations.

Then, there is the influence of a myriad of protected activist 501(c)3 and (c)4 non-governmental organization (NGO) groups like those of Bill Gates and his family foundation, George Soros and his Open Society Institute, the Southern Poverty Law Center (SPLC), and many more.

Their programs and activities are more aligned with enemies of the United States than the American people, and the U.S. Constitution that protects those rights.

We face a communist-type revolution because we are being deceived by our government, legacy and social media, who lie about the very things that are vital to our nation’s welfare and survival:

  • Lies about our insecure southern border facilitating an explosion of illegal immigrants, terrorists, criminals, and Chinese agents coming into the U.S.
  • Lack of transparency behind the dangerous biological gain-of-function research funded by the U.S. that hatched Covid-19.
  • Lies from U.S. public healthcare agency administrators, who imposed mandates: directing  face masks be worn, social distancing be observed, lockdowns imposed, then the untested "emergency use authorization" for vaccines on the population.
  • Attempted denial of the rights of parents in the care and education of their children.
  • Censorship, FBI harassment, and political demonization of anyone questioning, discussing, and investigating purported vote and election irregularities and its effect on the stature and legitimacy of our present government.

Big Tech, Big Pharma, Big Academia, Big Government, and its media complex have all failed us.

Now Big Finance, which is made up of "too big to fail" money center banks appear ready and willing to help the Fed roll out a Central Bank Digital Currency, also known as a CBDC.

CBDCs will be presented as technological progress providing more convenience and security than physical currency.

Make no mistake, a CBDC is social control on steroids and not much about currency.

A CBDC would end freedom and the privacy of consumer choice in the U.S.

A CBDC allows the government to stop anyone’s access to their money.

It would politicize the economy — distorting and undermining the efficient allocation of resources by directing capital to government-favored sectors and defunding out of favor industries.

Just two weeks after the failure of two major banks — Silicon Valley Bank (SVB) and Signature Bank, and the forced bailout of a third, First Republic Bank — the second largest cluster of bank failures in American history, the Fed undertook "stabilization" measures that will benefit large money center banks at the expense of smaller banks.

One thing is certain: socialization of failure through bailouts and forced mergers weakens accountability and invites more trouble, failure, and consolidation.

And that surely preys and plays upon peoples’ fears and may prompt their moving money to the large "protected" national banks.

That action would pave the way for the rollout of a central bank-controlled currency.

Wake up Americans. When the government agencies and deep state NGOs use fear to justify new policy actions that violate your constitutional rights, tell them it’s a non-negotiable hard "No!"

Remember the course we’ve been through:

Hyped fear about COVID-19 used by big pharma and health care agencies such as NIH, CDC, FDA, stripped the American people of their constitutional rights, forced lockdowns, mask, and social distancing mandates, and then told us that a risky vaccine was the only solution to "stop" the spread of COVID-19. 

Fear was used to change voting laws to help Biden gain ballots in 2020 and then fear was used again by the FBI to intimidate, silence, and stop citizens from investigating purported voting and election irregularities in more than one state.

The U.S. Department of Homeland Security (DHS) does nothing to staunch the flow of illegal and criminal aliens across the southern border into the United States, which brings fear to affected communities everywhere, who then may succumb to new policies that chip away their Constitutional rights.

The FBI has used fear to intimidate parents protesting school boards promoting harmful Critical Race Theory and sex and gender indoctrination to their children.

Fear is again being used by the government-banking complex and the media it controls, along with credit rating agencies, such as Moody’s who just lowered their outlook for the entire U.S. banking system to "negative."

However, we should not overreact.

Say no to fear and moving money from well-managed small community and regional banks and credit unions to large money center banks.

U.S. government debt and the Federal Reserve bank system are in dire need of a "great reset," but not one that surrenders U.S. national sovereignty or strips citizens of their constitutional rights.

The most important reforms should start with cutting the size of the federal government and returning to a gold and silver backed currency.

Then systemic reform should be undertaken that increases and protects transparency, property rights, and promotes individual and corporate responsibility, ensuring equal protection under the law.

Scott S. Powell, a member of the Committee on the Present Danger: China and senior fellow at Discovery Institute, is the author of "Rediscovering America," a new release in the history genre. You may reach him at [email protected]. Read Scott S. Powell's Reports — More Here.

© 2024 Newsmax. All rights reserved.

Big Tech, Big Pharma, Big Academia, Big Government, and its Media Complex have all failed us. Now Big Finance, which is made up of "too big to fail" money center banks appear ready and willing to help the Fed roll out a Central Bank Digital Currency, also known as a CBDC.
banks, cbdc, stabilization
Thursday, 30 March 2023 10:31 AM
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