We realize Pippa Malmgren is not a household name for many of you. So who is she? Pippa Malmgren is a globalist and an elitist. Her father was an adviser to Richard Nixon and she boasts on her website of having advised presidents and prime ministers around the world. One of her favorite topics over the last two years has been “The Upside of COVID.” This new money system Malmgren talks about with such enthusiasm will not only be digital, it will be centralized and it will be programmable. Do not confuse it with Bitcoin or other crypto currencies. The only thing it will share in common with other crypto is that it will be based on blockchain technology. What do we mean by “programmable” money?
Similar to cryptocurrencies such as Bitcoin, CBDCs would also be a form of digital money, but there the resemblance ends. If adopted, CBDCs would be issued by the Federal Reserve, the central banking system for the U.S. government. One CBDC digital dollar would equal the value of a physical dollar. And like the physical dollar, which ceased to be backed by gold more than 50 years ago, the CBDC would be considered a government-issued fiat currency that is backed by the strength and credit of the U.S. government. (Of course, that’s not saying much considering that much of the time, the U.S. government operates in the red.)
Eliminating cash and transitioning to an all-digital currency may make some people nervous, especially if the digital currency is backed by the government. Leading off the show this week is silver expert David Morgan, author of the Morgan Report. He and John look at the possibility that the U.S. government could shift to digital currency, giving them control over all transactions. Bitcoin, the current leader in digital money, will either face off against the establishment or be co-opted by it. David also predicts what could happen with inflation and our massive debt.
Guest: Patrick Wood. Topic: Are The World Economic Forum And Global Elite Warning Us A Financial Collapse Is Coming? Topic: Carnegie Foundation and World Economic Forum simulate financial hack attack and collapse. Topic: Why is the International Monetary Fund, World Bank and Bank For International Settlement planning for a digital currency and for a financial collapse? Topic: We take your calls.
On PTIB today Jimmy DeYoung has two of his Broadcast Partners who will join Jimmy at the Broadcast Table to give us some very important reports on very important issues. John Rood will go first with his European Union Up-date, reporting on the political events, setting the stage for the prophetic to be fulfilled, in the EU. Then R.C. Morro comes to reveal in his report how close this world may be to a "one-world economic system" that will include "digital currency". Remember, the Antichrist will lead this "economy system" from the literal City of Babylon, located in modern-day Iraq.