IPFS News Link • Central Banks/Banking
How a Sovereign State Bank and Bullion Depository Can Push Back against CBDC
• Catherine Austin Fitts and Tennessee State SenatorTennessee State Senator Frank Niceley supports a sovereign state bank, modeled on North Dakota, to help stabilize his state's economy. A state depository for gold is also proposed. Utah, Nevada, Wyoming and New Hampshire are issuing "gold-backs" that actually contain gold. Central Bank Digital Currency (CBDC) is dangerous because bankers own and control it. She said that they can turn your home, your car and your community into a digital concentration camp. Fitts said that unless we have a sovereign state government protecting sovereign individuals who are free to transact, including transacting privately without invasive technology, we will have no sovereignty and bankers will have 100% control.
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2 Comments in Response to How a Sovereign State Bank and Bullion Depository Can Push Back against CBDC
Let this process be used with silver as well as gold. Why? Spendable silver-backed State dollars could be used for many things that are less expensive. One could easily find the silver in his silver-backed dollars because silver is worth so much less than gold. It would take much more silver to make up $20 dollar's worth of silver in a silver-backed bill, than it would take to make same value of gold in a gold-backed bill. You could actually feel the silver far easier than you could feel the gold. Silver would be used for small, low-priced items.
Wow! These folks are shrewd. Finally, a method to bring the creation of new money into the State rather than the Federal Reserve Bank.