gold news

 this is an update on what's happening in the world and more importantly where things are going in the future in China their social credit system uh if if you do things like charity work help the elderly uh influence your neighbors positively uh praise the government help the poor and if you have a good financial credit history then your score can go you know you start off with a score of 1 000 it can be increased all the way up to thirteen hundred and as you increase your score you get better

access to loans and credit uh they're they're you know according to this infographic that here uh which may I don't know how accurate it is but uh it as you increase your credit score from one thousand up toward thirteen hundred notice that it can go up 300 points but it can go down 400 points but you get greater access to loans and credit free bicycle and Car Hire free gym so I guess they're going to credit your digital wallet of cbdc with cbdcs that can be used programmed for uh transport and gym

cheaper public transportation shorter weights in hospitals fast track on job promotions at work and tax breaks and then if you do things that are on the negative side you'll notice that they've got this staircase that you can climb to increase your credit score but then there are these trap doors that they can open to lower your credit score there's no staircase down it's trap door is engineered by the government but serious traffic violations like you know if you kill somebody I can

understand uh being punished but you know they've got drunken driving on this list uh in here but things like speeding and jaywalking protesting against the authorities anti-government messages on social media cheating in online games believe it or not this can all cause things like denial of licenses and permits exclusion from flights and trains limited access to loans and credit and public shaming online and on TV unbelievable so let's take a look at a little bit of this in action here's some

speeding going on and look at this that was all the same minute there were four in the same minute that they caught speeding what a racket what a way to generate income for the government but the and then they get to instantly deduct from your digital the fines from your digital wallet as this surveillance system is going so you can speed it's just that you're going to pay for it and you do too much of it and your social credit score goes down and then other stuff happens China is developing an app uh to tell users

whether they are within a 500 meter that's a big meter that's a big radius that's half a kilometer uh of someone who is on The Blacklist of the social credit system so they can use this to isolate people this alerts uh you to who you may want to stay away from lest your social credit score goes down so if you call one of these people or if you socialize with them your credit score is impacted so it will cause great isolation for people that the government doesn't like um uh here's a great one just to keep track

we've found one a secret Chinese police station in New York City and six more across the country two the Chinese Communist Party funded classes in K-12 schools in the United States and three an illegal Chinese lab in California here's the New York Post with the uh the police station in New York City and six more across the country Chinese police stations uh alarming evidence links China communist party to American K-12 schools and the CDC detects coronavirus HIV hepatitis and herpes in an

unlicensed California lab now this was owned by a Chinese company operating in Reedley California but what they discovered here was humanized mice and then all of those viruses coronavirus and so on and humanized mice so this is some viral research that was going on in a lab that has no safety controls in the middle of California uh then Lynn Alden says major banks have the right to monitor customers social media in their privacy policies so if you dig through their privacy policy uh possibly your bank can decide uh if it's

going to deal with you or not based on what you say on Twitter Facebook and YouTube so I guess I'm already on their list uh so moving on Eritrea President says they are printing money hold on a second little detour here as early as the mid 300s BC Aristotle was the first to define the three key functions that money has to serve in order for it to be called money it's got to be a medium of exchange it's got to be a unit of accounts that you can put a price on things and it's got to be a store of

value therefore no National fiat currency qualifies they are not money back to the story they are printing currency they are not manufacturing anything at all this has been one of their weapons globally the monetary system we need a new Financial architecture globally not controlled by other currencies they're printing money they are not manufacturing anything at all it's printing money and this has been one of their weapons globally the monetary system the global mortal system controlled by dollar and

Euro has been used sanctions here functions their functions there grabbing this account grabbing that account has been one of their tools this is not going to continue indefinitely we need the a new Financial architecture globally not controlled by you or not controlled by by the dollar not controlled by by other currencies wow I want to inform the president of Eritrea we used to have one of those systems it was called gold and it is as long as it is not uh pyramided on top of by some fractional

Reserve gold standard then it works wonderfully well balances all economies it stores value uh it makes it equalizes the entire Financial system across the world moving on again a little update on cbc's the world economic Forum in China last week so this was two weeks ago three weeks ago cbts could be programmed by governments to prevent purchases it deems undesirable like ammunition drugs and pornography now before you watch this clip it's only 39 seconds this guy here is senior professor of trade policy at

Cornell University his senior fellow at Brookins Institute he's the new chair in international economics and research associate at associate at the National Bureau of economic research he was previously chief of a division at the international monetary fund the IMF and before that he was head of imf's China division so now take a listen to this and the one final note I will make is that if you think about the benefits of digital money there are huge potential gains it's not just about digital forms of

physical currency you can have programmability you know units of Central Bank currency with expiry dates you could have as I argue in my book a potentially better and yeah some people might see it on a darker world where the government decides that units of central bank money can be used to purchase some things but not other things that it deems less desirable like say a munition or drugs or pornography or something of the sort and that is very powerful in terms of the use of a cbdc well isn't

that nice so moving on let's see what Jabba the Hutt says about Central Bank digital currencies this is from TF Metals report and now take a listen to this guy for example in cash we don't know for example who's using a 100 bill today we don't know who is using the 1000 peso bill today a key difference in with the cvdc is that Central Bank will have absolute control on the rules and regulations that will determine the use of that expression of Central Bank liability and also we will have the technology to

enforce that so just who is Jabba the Hutt he is Augustine Carsons he is the head of the Mexican Central Bank Banco de Mexico and with people like him running the world you and I are in a whole lot of trouble I want to thank you for watching please like And subscribe we'll see you next time this is just a quick update to our Channel we're expanding and I need your help I'm looking for a co-host that can appear in these videos with me who is also a content creator that can do Cutting Edge research and help organize

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