New British Prime Minister Pushes Digital Currency Reset as Pound Sterling and Gilts Lose Purchasing Power

(Shane Trejo) The Conservative Party in United Kingdom is in free fall, having recently lost two Prime Ministers Boris Johnson and Liz Truss who were both forced to resign in disgrace.

Now, a new leader has emerged in Rishi Sunak, the next Prime Minister for the Tories. Sunak has Indian heritage, and his appointment is being triumphed as a victory for diversity. And while that may be the case, Sunak is as controlled of a puppet for the globalist elite as any head of state throughout the world.

An article published by the National Pulse back in July delved into Sunak’s troubling globalist ties.

Sunak’s family is behind Infosys, an Indian-based tech firm that partners with the World Economic Forum (WEF) and provides services to powerful corporate firms. Infosys has been called by the WEF a “global leader in next-generation digital services and consulting.”

Infosys President Mohit Joshi has written articles on the official WEF website calling for digital banking, urging central banks to develop digital currencies that can be used to control populations. Digital currencies would allow governments to terminate the monetary power of dissidents at a moment’s notice and realize mark-of-the-beast prophecies found in the Book of Revelation.

“What is clear is that the crisis of COVID-19 presents many challenges – but also a unique opportunity to rethink how money is managed and used in our society,” Joshi stated.

“There also credible concerns that paper money can transmit the virus,” he stated, before adding: “Who then can blame the People’s Bank of China (PBOC) when it announced in February that it would be destroying cash collected in high-risk environments, such as public transport, markets or in hospitals?”

It should come as no surprise that Sunak has explicitly endorsed central bank digital currencies and will now be overseeing their implementation in the British economy as Prime Minister.

“Central Bank Digital Currencies could be a digital version of money, a bit like a digital banknote, that could be used alongside physical notes and coins. Unlike most of the digital money people use daily today, it would be issued directly by a central bank…and governments and central banks across the world are working together looking into what having a digital currency what mean in practice,” Sunak said in a propaganda video pushing digital currency.

“It’s all part of the wider story of digital innovation that has delivered benefits to millions around the world and in the U.K.,” he added.

That video can also be seen here:

Sunak is dangerous, and Britons should be hoping he fails as spectacularly as his two predecessors.

Source: by Shane Trejo | Big League Politics

***

The Economy and Markets

10/28  Bond investors lose $106 billion in dismal year for credit – Y
10/28  The sordid politics of inflation – EP
10/28  BOJ defies global tightening trend, sticks to ultra-low rates – Reuters
10/28  Here’s a why 100 million Americans weren’t working this month – I
10/28  Consumer inflation in japan’s capital hits 33-year high – Reuters
10/28  The treasury market is the Fed’s next crisis – RIA
10/27  U.S. GDP accelerated at 2.6% pace in Q3 – CNBC
10/27  Tech rout widens as meta sinks after results – Reuters
10/27  ECB hikes 75bps as expected and will “raise further” – ZH
10/27  ECB doubles rate to most in over a decade despite recession fear – Y
10/27  US GDP grows 2.6% in Q3 driven entirely by trade, CPI cooler – ZH
10/26  BOJ ramps up bond buying ahead of policy meet, yields fall sharply – Reuters
10/26  Japan expected to keep last central bank negative interest rate – Yahoo
10/26  If states want protection from collapse – build alt. economies – AM
10/26  Bank of Canada 50 BPS hike, says slight recession possible – Reuters
10/26  Goldman Sachs, JP Morgan CEOs tip US economy for recession – CNBC
10/25  Scoop: Biden officials discussing lame-duck debt ceiling deal – Axios
10/25  Inflation is dominant topic on earnings calls. what execs are saying – CNBC
10/25  U.S. Oil companies’ cash flow to rise by 68% per barrel in 2022 – Reuters
10/24  Medium and long-term outlook for stocks, gold, and real estate – Technical Traders
10/24  Xi’s ‘crowning’, China ‘surprises’ with GDP growth beat; yuan slides – ZH
10/24  EU will provide Kiev with 1.5B euros per month next year – AW
10/24  New-vehicle inventory improves, still woefully low. but trucks pile up – WS
10/24  US futures stabilize after rollercoaster as Yuan, Chinese stocks crater – ZH
10/24  Asia has the tools to manage economic headwinds, US Treasury – CNBC
10/23  Poor nations face peril over elusive G-20 debt relief push – Reuters
10/23  401(k) contribution limit leaps by record amount as inflation rages – ZH
10/23  The recession in the productive sector is here – Mises
10/23  Illinois now has the worst unemployment rate in the nation – Wirepoints
10/23  UK can’t shake Pound negativity after weeks of political chaos – Y
10/23  The global inflation outlook – Zero Hedge

Real Estate Bubble

10/28  Is America on the verge of another housing collapse? – Zero Hedge
10/27  Housing Bubbles: Seattle (-3.9%), San Fran (-4.3%) & Denver – WS
10/27  Demand for new homes down 86% since last year – CNBC
10/26  Mortgage demand from homebuyers is nearly half what it was in 2021 – CNBC
10/25  Real Estate agents are feeling the burn – Zero Hedge
10/25  Mortgage bankers predict rates drop to 5.4% by 2024, at 7% now – Wolf Street
10/22  Housing Bubbles in Canada: prices plunge at fastest on record – Wolf Street
10/21  Multi-family buildings v. single-family houses construction – Wolf Street
10/21  “We’ll continue to see double-digit declines in home sales” – CNBC
10/21  Home sales plunge, prices drop 7% in 3 months – Wolf Street
10/20  Existing home sales fall to a 10-year low in September – CNBC
10/20  Why mortgage rates are soaring – Axios
10/20  Multigenerational Hispanic households feel rising economic pressure – CNBC
10/19  California Home Sales Drop 30% as Higher Rates Hit – BB
10/19  Housing Bubble Woes: Plunge in buyer traffic & homebuilder confidence – WS
10/19  Mortgage demand drops to a 25-year low, as interest rates climb – CNBC
10/18  Homebuilder sentiment drops to half of what it was six months ago – CNBC
10/18  Home builder confidence falls for record 10th straight month – BB

Precious Metals and Mining Stocks

10/28  Caterpillar reports sales jump in Q3 – Kitco
10/28  Fed pivot will take gold to new heights, crash to $1.1k is ‘real’ – Kitco
10/26  All the metals we mined in 2021: Visualized – VC
10/26  COMEX deliverable silver less than imagined 50% not available – ZH
10/25  Oil $100: the big number for gold – 321Gold
10/24  Gold price weaker amid bearish outside markets – Kitco
10/21  Krauth: “You want to be buying silver at $18” – Kitco
10/21  The Uber bull case for gold – Goldfinger
10/20  Free markets’ last stand – GM
10/20  James Turk: Gold as natural money – Mises
10/18  Solid physical demand for gold and silver tells prices going up – Kitco
10/18  Uranium miners surge on german nuclear plant news – Kitco

Monetary Madness, Cryptos & Currency Wars

10/28  Fidelity: 58% of institutions now hold crypto, up 6% from 2021 – Kitco
10/26  US dollar drops to three-week low as traders weigh a Fed pivot – Yahoo
10/24  Hong Kong stock market drops 6.36% in one night – HTR
10/24  Japan ruling party indicates stimulus to total around $174B – Reuters
10/24  Japan’s suspected intervention estimated at record $37B – Yahoo
10/22  The real trade war with China has begun – Yahoo
10/20  Yen hits 150, Pound gains as Truss resigns – Reuters
10/19  When Whiteboard Economics Collides with Reality – Bombthrower
10/19  Gold price to find its luster again by Q2 of 2023 – Kitco
10/19  Walmart CTO predicts crypto a major disruptor in the payments – Kitco
10/18  South Africa confirms Saudis join BRICS Alliance with China and Russia – GP
10/17  Bitcoin Oct.17 chart alert – back in a sideways trading range – Kitco
10/17  Bitcoin could fall to $6k as crypto winter intensifies – Kitco

Sanctions, Shortages & Supply Shocks

10/26  Future shortage of fertilizer for American farmers ahead – SS
10/26  The world’s biggest source of clean energy is evaporating fast – Yahoo
10/26  United States of Megadrought – Politico
10/26  Oil prices rise on weaker dollar and supply concerns – Reuters
10/25  When this happens Indonesia will own the coal market – ZH
10/25  26/56 French nuclear reactors offline – MishTalk
10/25  20 big grocery stores are in deep, deep trouble – YT
10/23  South Africa’s Eskom to implement ‘stage 4’ power cuts – Reuters
10/23  Energy crisis could drag 26M Brits into fuel poverty – OP
10/23  Saudi Arabia launches bid to attract $10B in supply chain investment – R
10/22  U.S. oil exports to france fall to zero amid refinery strikes – OP
10/22  40 Volcanoes are erupting right now, and 34 along the ring of fire – BIN
10/20  VIDEO: Bill Gates says European energy crisis is “good” – SN
10/20  Russia will terminate gas supplies if price cap is implemented – Oil Price
10/20  California reservoirs dropping fast; LA approaching zero day for water – NN
10/20  Tens of thousands of salmon are boiling to death in BC – SS

FED-Up: Inflation from Too Much Money & Too Few Goods

10/28  Yellen says she sees no signs of a recession – DM
10/28  Fed’s fav. inflation signals show no signs of slowing – ZH
10/28  How Federal Reserve interest rate hikes impact your borrowing costs – CNBC
10/22  Fed officials expect debate on rate peak and when to slow hikes – Yahoo
10/22  Fed’s Daly: time to start talking about slowing rate hikes – Reuters
10/21  Stocks spike after WSJ ‘Fed whisperer’ hints at pause/pivot – ZH
10/19  Poll: ECB to go big again on Oct. 27 with 75 bps rate hike – Reuters
10/19  Fed Can’t Pause Rate Hikes With Core Inflation Accelerating – BB
10/16  Fed defending dollar no matter what crashes – USAW

War and Civil Unrest

10/28  Pentagon defends plans to cut US nuclear capabilities – DM
10/27  This move just assured an invasion of Taiwan – ZH
10/27  Russia’s Sechin says Taiwan will return to china ‘on schedule’ – Reuters
10/27  US to modernize nuclear arsenal in Europe – RT
10/26  Russia rehearses response to nuclear attack over ‘dirty bomb’ – Reuters
10/25  Russia calls up UNSC over ‘Ukraine’s dirty bomb’ – RT
10/25  Russia brings Ukraine ‘dirty bomb’ warning to UN, evacuates Kherson – Reuters
10/25  Israeli expert explains what makes Iranian shahed-136 UAVs – Eurasian Times
10/24  North and South Korea exchange warning shots along disputed sea boundary – DM
10/24  Russia warns of ‘dirty bomb’ in flurry of rare calls to western leaders – SN
10/23  China’s CPC congress passes resolution, speed up ‘Taiwan reunification’ – ZH
10/21  America’s military inventory being gutted – NN
10/21  Western nations speed up prep for Ukraine arms transfers before winter – LI
10/21  Major undersea communications cable cut off southern France – HTR
10/20  What happens if a nuke falls on NYC? – DM
10/20  Russian aircraft fired a missile near British plane over the Black Sea – DM
10/20  Russian fighter jet ‘released missile’ after British spy plane intercept – ZG
10/19  Russia: “no point” to continued diplomatic presence in the west – HTR
10/19  Japan rushes to rearm – Reuters
10/19  Mysterious GPS disruptions spread in Texas near fort hood – ZH

Politics, Authoritarianism and Censorship

10/28  GOP has a chance at Oregon governorship for first time in four decades – WSJ
10/28  It begins: Twitter CEO, CFO, & top censor escorted out – SN
10/28  Why Elon Musk’s twitter deal matters for everyone – Axios
10/27  Obama appears in rare ad for Pennsylvania democrats – Axios
10/27  Eric Schmidt: Helping write AI laws in Wash. w/o disclosing investments – T
10/27  Ukraine “concerned” about US republican threats to cut aid – Axios
10/26  A quick jab, and then a pummeling. forever. – BT
10/26  Wealthy Chinese activate financial “escape plans” terrified of Xi – ZH
10/26  Biden falsely claims student debt forgiveness program was approved – ET
10/26  Oz odds of winning PA soar after historic Fetterman debate meltdown – ZH
10/25  Crown prince mocks Biden as mentally challenged amid crashing relations – ZH
10/25  Trudeau uses “administrative action” to ban all handgun sales in Canada – SN
10/25  Oakland police pursuing development of armed “killer robots” – NN
10/25  Rishi Sunak to become the next UK PM after months of turbulence – Reuters
10/24  Everything you need to know to vote in the 2022 midterm elections – Axios
10/24  Why the censors fear information freedom – ET
10/23  Boris Johnson battling to win support for UK PM comeback bid – Reuters
10/23  Judge orders Fauci, Biden officials to be deposed in SM collusion case – DM
10/23  New book details how Beijing manipulated western elites – ET
10/22  Lara Logan… DOJ tried to hide this Jan.6 video… – Citizen
10/22  Stunning video from China… – Citizen
10/22  Trump issued subpoena by Jan. 6 capitol riot probe committee – CNBC
10/22  ‘Peaceful modernization’: china’s offering to the global south – TC
10/22  45 days as pm qualifies truss for $129,000 a year for life – ZH
10/22  Republicans sue google claiming spam filter blocks email – Axios
10/21  Documents detail plans to gut 75% of Twitter’s workforce – MSN
10/21  Bannon responds after being handed 4 month sentence – ZH
10/21  Recording shows RCMP Commish pressured officers over political concerns – TS
10/21  OPP saw no evidence Freedom Convoy posed direct threat – NP
10/21  CSIS found no foreign actors funding the convoy protests – GM
10/21  The big reveal: Xi set to introduce China’s next standing committee – Reuters

Covid Craziness, Pox, and Pestilence

10/28  The people are waking up… this is fantastic… – Citizen
10/27  WHO says covid lockdowns resulted in two years of “physical inactivity” – NN
10/27  Chinese cities double down on zero-covid as outbreaks widen – Reuters
10/27  WHO says covid lockdowns resulted in two years of “physical inactivity” – NN
10/27  Chinese cities double down on zero-covid as outbreaks widen – Reuters
10/26  US citizens were tracked via secret ‘covid decree violation’ scores – SN
10/26  NFL giving players ivermectin as prophylactic, prevents “positive” tests – BH
10/26  Long covid behind the surge in workers with disabilities – Axios
10/26  Informed women reject sex with vaccinated men to protect themselves – NN
10/25  Yup. – Expose
10/24  Lawyers prepare to sue for Covid-19 vacc. requirement to attend school – ET
10/23  Switzerland to destroy 14 million expired covid-19 jabs – SS
10/22  CDC director Rochelle Walensky is infected… She is 5x boosted… – Citizen
10/21  80 young Canadian doctors ‘died suddenly’ in past 2 years – CN

Self-Reliance, Health and Prepping for Survival

10/26  Rapid Passport: the quickest countries to naturalize – SM
10/24  You’ll need air. – SB
10/24  How a disaster could affect pharmaceuticals – SHFT
10/17  Surviving a nuclear attack – YT

The Art of Collapse

10/28  Nancy Pelosi’s husband hospitalized after home invasion, assault – Axios
10/28  Jim Cramer cries on air… – Citizen
10/27  THE good old days… – TBP
10/27  Twitter – solid candidate for the sh*tcan. – Citizen
10/27  NHS warning: many “trans” kids merely going through a “phase” – SN
10/27  …And the pulpits are silent – NWV
10/27  The ‘body positivity’ movement is at odds with human nature – Federalist
10/27  TP USA event cancelled after brawl breaks out… – Citizen
10/26  Armageddon is closer than you think – PCR
10/26  US Citizens were tracked via secret ‘covid decree violation’ scores – SN
10/26  Globalists making final push for depopulation: how do we resist? – LH
10/26  Ukraine reveals its financial demands – RT
10/25  At 79, Biden is testing the Boundaries of Age and Presidency – NYT
10/25  More worrying footage shows Biden looking confused after tree planting – DM
10/25  NC school district forfeits girls’ v-ball games against trans competitor – NN
10/24  Soaring Amex bad loan provisions confirm rot spreading to upper-class – ZH
10/23  See 1969 memo of radical population control ideas now in place – WND
10/23  New staggering numbers from Biden’s border crisis show record highs – DW
10/22  Miss France Beauty Pageant sued for selecting based on appearance – Telegraph

Weird-and-Wacky or Off-Topic News

10/27  Boom: single chip can transmit twice the throughput of entire internet – T
10/23  17 artifacts suggest high-tech civilizations existed 1000’s years ago – ET
10/23  World’s first carbon-eating concrete blocks are weeks away for use – IE
10/22  5 hours or less of sleep increases risk of chronic disease: study – ET
10/21  World’s 3rd richest man fed-up with twitter tracking, sells private jet – ZH
10/19  Adobe introduces new collaboration with AI in photoshop – IE
10/16  Video: lightning electrocutes soccer referee in the Philippines – SS
10/12  Helmet of a Giant found by accident while underwater diving – Brighteon
10/10  Watch: British RN flies people in jet suits around NYC – ZH