How The "Experiment" Ends

A PBS report on the Federal Reserve, Child Tax Credit advances begin, Big Tech's power, and how it all relates. What you need to do to get ahead of programmable money implementation.

One week ago, PBS released "The Power of the Fed." It's a 54 minute documentary about the Fed's recent monetary policies and the reaction to economic calamities going back to the financial crisis. It's admittedly an interesting watch. You can check it out for yourself HERE to form your own opinion. While I'm encouraged by an investigation into the Fed and some of its dealings from a national press organization, I do feel like there's so much more that needs to be said. In some ways, Neel Kashkari ends up looking like a champion of the little guy when in actuality it couldn't be the furthest thing from the truth. Peter Schiff did an entire podcast episode yesterday listing his issues with the documentary.

Peter brings up some interesting points that I hadn't totally considered when I watched the PBS report. Specifically that the gripe from Frontline seems to be that the Fed is printing prosperity for people who don't need it rather than for people who do need it. The question of whether or not the central bank should be trying to print prosperity at all is never really assessed. Peter's take seems to be that the documentary is more of a pseudo-critique as opposed to a true expose. The goal being to drum up support for continued debt monetization. This time, though, the good intentions of the digital printing press should be directed more toward real people as opposed to the suits on Wall Street. Peter's best point in the podcast is probably that the Fed's policy is being framed as an "experiment" when in actuality we already know how currency debasement ends.

They're prepping us for UBI

Since the COVID lockdown, we've had not one but three rounds of direct stimulus payments for taxpayers. This is in addition to boosted unemployment benefits that still don't end until September of this year. However, fear not if you have a family with kids. The child tax credit payments have already begun and, as if perfectly to script, we already have political heads considering if this payment advance should be permanent.

The expansion of the credit is supposed to last only one year, but prominent Democrats — including President Joe Biden — are already talking about keeping it going, maybe indefinitely.

Clayton Jarvis via Yahoo News

While it's fair to point out that this new $300 per kid direct payment is actually just an advance on the standard child tax credit that most families already receive when filing each year (even if they didn't realize it), it's also true that the tax credit itself has nearly doubled since last year with half of that near doubling getting paid out before tax day. For all intents and purposes, this is just another roundabout way to give people helicopter money created out of thin air. It's just a different flavor of stimulus. The point is, direct payment from government to citizen has become totally normalized over the last 15 months and it is showing absolutely no signs of stopping.

More to consider

Everything that has happened in the last year and half has been about control. Control of your purpose. Control of your body. Even control of your mind. Our friends over at TheBadDaddy.com put it perfectly yesterday:

A good con man needs to have the trust of his victims. That’s the heart of any good confidence game. After the last 18 months, how many of us will never trust our governments again? We write children’s books teaching kids to #QuestionAuthority, and even I’m flabbergasted.

From "The Sting" via TheBadDaddy.com

We've already seen how big tech can turn you off if they want to. The social giants Facebook and Twitter will ban you if you say things that go against the mainstream narrative. Chris Martensen's Wikipedia page was taken down because he was sharing uncomfortable information related to the COVID virus and vaccines on YouTube. Amazon, Apple, and Google can and will collude to turn off your entire platform if you're big enough and they don't like you. This kind of heavy handed censorship that would have had our founding fathers picking up the strap has been largely met with apathy from the average US voter.

Given the successful trial run of de-platforming Parler and the recent Twitter "bot purge," can there be any doubt that massive amounts of political heretics will be oppressed financially when the state implements programmable money? To be sure, this isn't even a fringe idea. We have plenty of precedent. Try taking out too much of your cash from a bank too quickly and see what happens. Furthermore, the federal government has a history of targeting lawful businesses that the people in power simply don't like.

Operation Choke Point was real, and it exceeded legal limits. Overwhelming evidence, in the form of more than 900 pages of newly unsealed emails and depositions, proves government officials illegally targeted lawful businesses in an ideological crusade based on personal disdain.

Dennis Shaul via American Banker

We are headed down a dangerous path. Most Americans are completely asleep. We're collectively too busy scrolling through whatever stupid distraction the social media algos have decided to serve us on a Tuesday at 9pm to care about the rapidly changing world around us. But we have serious problems. Have you heard of this inflation thing? Yeah, it's a problem. While the money pukes more purchasing power each month, the powers that be position for the next civil liberty to revoke. We have a government funded media entity shining light on the Fed's elite-serving wealth effect. Why now? What's the end game? UBI and obedience. Because "we," the state, will provide for you with an allowance. But, if you don't play by our house rules, you will lose your economic privileges.

How to protect yourself

For starters, you need a decent portion of your wealth out of the system. When I say decent, I mean a lot. That wealth should probably be spread out in a variety of different forms. Cash, physical gold, 90% Silver coinage, and various cryptocurrencies - preferably in non-KYC wallets; though I realize self-custody of clean crypto is becoming increasingly difficult. Beyond monetary wealth storage, you also need shelf-life food and seeds. Everything I just mentioned will help you eat and barter for whatever else you might need. Finally, it should go without saying but you need to be able to defend yourself.

While this may sound alarmist, please bear in mind that I'm merely offering these ideas as insurance measures. We never want to have to use insurance. It means something bad happened. But we'd rather have it and not need it than need it and not have it. Odds are, most people won't get turned off when the Fed rolls out a programmable CBDC with direct UBI payment. But some will. Call it a hunch, but if you follow people and listen to people who get de-monetized and de-platformed, you're probably at greater risk.