NOTE: I was remiss in not giving credit to commenter Mark A. who bugged me to listen to Session 2. In extenuation, it's difficult to read, write, and listen to lengthy podcasts/videos--only so many hours in a day. I'm currently listening to the rest of Session 2 and it continues to be very worthwhile. UPDATED: Woops--via commenter David Jones!
Here we go--another summary/transcript! This one is mostly a transcript--except for some of the beginning. Also, I've left out most of the questions, which are minimal anyway.
This is where we're coming from:
As you may have guessed already, Session 2 features economists talking about the true nature of the Covid Crisis. What we're experiencing is, in effect, a Globalist coup d'etat masquerading as a public health crisis. What it is in reality is an attempt at a socio-politico-economic and, as I've argued, religious reset. Bear in mind that this is the movement that took Trump out.
The entire session is an hour and a half long, but my transcript will only cover portions of the first half--which is as far as I've gotten. I've skipped discussion of the more technically economic subjects to focus on how this affects the socio-political state of affairs.
The first speaker is John Titus, who's a patent lawyer who has also spent a lot of time covering Wall St. cronyism and corruption. What Titus does in his segment is to explain what "Going Direct" means--basically, the term describes the coming move to a digital currency or, more precisely, a Central Bank Digital Currency (CBDC).
I'll skip most of his presentation--you can follow it at the link for his explanation of money creation (he explains Richard Werner's theories). For our purposes the important portion is a video clip Titus presents of Agustín Carstens speaking about the Brave New World under the Going Direct Reset.
Agustín Carstens, is the GM of the Bank for International Settlements (BIS), the Central Bank of Central Banks. In the video clip he's talking about Central Bank Digital Currencies (CBDC), which is where we're headed. "That's the Third Step," says Titus. "Where we're going to end up."
Carstens: "In cash, we don't know who's using a $100 dollar bill today, we don't know who's using a 1000 peso bill today. With the CBDC the Central Bank will have absolute control ... that we determine the use of that expression of Central Bank liability [the CBDC] and second we will also have the technology to enforce that."
Titus: Well, there you heard it right from the horse's mouth. Absolute control over the monetary system by Central Banks. So ultimately they're trying to control every dollar that you spend and decide whether the purchase that you want to make with your electronic money is going to go through or not. That's where we're going.
You may want to let that sink in for a bit.
Next up is an economist many of you will be familiar with, Richard Werner.
From the intro to Werner, plus a one sentence summary of his first segment:
Werner has for more than 5 years been warning that the Central Banks have been waging war against cash and against banks as they prepare to launch their own digital currencies. How do the regulations to control the spread of Covid-19 advance the Central Bank efforts to create their own digital currency?
The policies taken since roughly March, 2020, under the flag of a virus pandemic have been accelerating that agenda [of monetary centralization, independence of central banks from governments] that has been in place for quite a while.
Werner will return, but Catherine Austin Fitts is up next. For my money, while she's not a dynamic speaker, her presentation is riveting:
We have to first look at what is happening with the Going Direct plan, and that is, very simply: We have used a health crisis as an excuse to shut down the small business and many parts of the economy at the same time the Central Bankers are printing money in a way that the people who get that money can turn around and buy assets cheap. Think of this as disaster capitalism in way that is unprecedented. So you shut down mainstream economy and proceed to force everybody into the stocks in the companies that you own. So we are watching a dramatic increase in inequality because, basically, this is a leveraged buyout by the people who--I would say--own the Central Banks and the top 1% of society. So this is engineered inequality and we've experienced engineered inequality for quite a while.
Now, what is the danger? If you combine vaccine passports--which is really a way of getting a digital ID card that can dovetail with the CBDC system--what we're talking about is a complete digital control system. It's the end of currencies as we know it on the retail level, and what it means is that, if the Central Bankers--as Mr. Carstens explained to you--don't want you spending money more than 5 kilometers from your home, or if they don't want you buying pizza, you can't do it. They have complete control of how you can transact.
Now, why is this important? One of the reasons it's important is, for over a century in the Western world and the G7 we've had a balance of power between the Central Banks and the electorate. The electorate votes for the legislatures who determine fiscal policy and the Central Banks basically determine monetary policy--and there's a balance of power. What we're looking at now is the debt entrapment of the sovereign governments, and the Central Bankers taking control of the Treasuries through the back door, including through the debt. And an end of democracy and any representation of the electorates. If we use CBDCs then the Central Bank can simply take taxes from our accounts.
So we know the World Economic Forum has said, 'It's 2030, you'll have no assets and you'll be happy.' What 'you have no assets' means is, if we have a digital control system we can, in effect, take all your assets.
As Fitts suggests, the sky is the limit. Let your imagination run wild. The possibilities of control are limited, really, only by your imagination. The present pales in comparison to what may be in store.
Back to Richard Werner, who lays it all on the line. As we've been discussing more and more, democracy and our constitutional order are little more than a facade in the big scheme of things. Among other things that this may explain could be the seeming paralysis of the SCOTUS when it comes to fundamental issues of our constitutional order like, well, elections.
The policies undertaken are completely unprecedented for Western democracies--what we thought were Western democracies. As it turns out, perhaps they aren't actually Western democracies any more because parliaments have ceased operation for all means and purposes. Some kind of takeover seems to have taken place. What we see is only paralleled when we study much more totalitarian regimes, such as the Soviet Union. And it is probably fair to say that we've witnessed--under the guise of some apparently reasonable justification, some people think--the Sovietization of our societies in a process that started by restricting individual freedoms, and that included shutting down entire industrial sectors and that proceeds with ... further rather totalitarian control mechanisms. And that includes, of course, the latest technologies such as digital passports under various guises and justifications. ... powers and control of central planners have increased in a totally unprecedented fashion in the last year.
[Talks about inflation issues.]
It's become clear that structural transformation continues to be the key goal of the Great Reset of the economy, society, even political systems ...
Back to Fitts, who expands on Werner:
The governments no longer have information sovereignty or financial sovereignty. So, if you're the president of the United States, you're deeply dependent on the Central Banks to buy your Treasuries and continue the financing of the operation. Unless you decide to issue currency yourself, which politically you're not currently in a position to do. So you're highly dependent on the banks and then you're highly dependent on the owners of the media and the people who are getting fantastically wealthy. If you look at the Going Direct Reset, at the plan to centralize control, it's phenomenally successful. So, from their vantage point it's working.
The other problem you have if you're a government leader is you don't have information sovereignty. You can't get on the telephone and make a call without the intelligence agencies and a variety of other people having the data and knowing what you're doing. So, the government officials are very much in a corner politically, and they don't have the population's support to take the actions they need to get out of this trap.
In part, the populations really believe, or enough of the people in the populations believe, that there really is a pandemic as a health care crisis instead of, essentially, a coup d'etat. So, we're dealing with health care tyranny and financial tyranny and to understand them both and to reverse them we need to integrate our understanding of both together. But we also need more people in the population to understand that, if you look at where they're going together, they're going into a central control which is the end of democracies in the West as we know it. And a world where, I would describe, if you look at where Carstens wants to take us, we will be slaves.
Does this provide some clarity regarding 'what's been going on?'