I woke up in the morning of Sunday 13-Oct-2024. The motion sensors in my room immediately started coffee maker. The TV switched on. Politicians were on screen. They were issuing proclamations about the fine health of Indian economy. Citizens, they explained, needed to work in accordance with NWO (New World Order) to maximize wealth for all. I knew that this was propaganda, yet I did not switch off the TV. The channels, a person watches, are recorded by the government. Switching off the propaganda channels is viewed with suspicion by authorities.
Stock and Bond markets were abolished after the worldwide financial collapse of 2018. Initially, people were told that markets would close "temporarily" just to stop the panic; but once the markets were shut, there was no way to reopen them without the panic restarting.
Today, trust in markets is completely gone. All investors want is their money back. Governments all over the world, starting printing enormous quantities of currency after the panic of 2008. This solution too failed by 2018, because more debt does not solve the problem of too much debt. When panic hit again in 2018, currency was viewed as worthless. So markets simply closed.
Between 2018-2020, G-20 major powers abolished all currencies for international trade other than SDR (Special Drawing Rights). The US dollar became the local currency of North and South America; Euro for Europe, Africa and Australia; RuAsia (new currency that is a combination of Ruble and Yuan) for Asia.
SDRs are used only for settlements between countries. Everyday citizens in India use the RuAsia for daily transactions. The rupee devaluation was so great in 2018, the rupee became worthless. The SDR is also used to set energy prices. All three local currencies (Dollar, Euro and RuAsia) are benchmarked against SDR. The world central bank (formerly IMF) administers the SDR system under the direction of G-20. Since exchange rates are fixed, there is no currency trading.
Worldwide gold was confiscated in 2020. All G-20 nations contributed their national gold to World Central Bank. All this gold was placed in nuclear bomb-proof vault at Swiss Alps. All private gold was forcibly confiscated and added to this vault. All Gold mining has been nationalized and suspended on environmental grounds.
The purpose of the Swiss vault was not to have gold backing for currencies, but rather to remove gold from the financial system entirely, so it could never be used as money again. Thus, gold trading ceased because its production, use and possession were banned. The World Central Bank and G-20 now control the only forms of official currencies.
Some lucky ones had purchased gold before 2015 and sold it when it reached Rs 1,00,000 per gram in 2019. By then, inflation was out of control and the power elites knew that all confidence in paper currencies had been lost. The solution was either a gold-backed currency or confiscate gold. Gold-backed currency meant small government and limited power to World Central Bank i.e. no NWO. So gold was confiscated and SDRs were introduced under the guise of helping people. Some smart people sold gold before the confiscation and purchased real estate, which was not confiscated. Even smart people held on to thier gold; Government could not confiscate their gold because this gold was not in ETF and bank lockers. These people had hidden thier gold in secret places. Today, gold and silver are traded in black market at very high prices; thus making the owners of gold/silver extremely wealthy.
Those, who never owned gold in the first place, saw their savings, retirement incomes, pensions and insurance polices turn to dust once the hyperinflation began. The only way to preserve wealth through the panic of 2018 was to have gold, silver, real-estate or fine art. But investors not only needed to have the foresight to buy it... they also had to be nimble enough to sell the gold/silver before the confiscation of 2020 (or hide gold in physical form); and then buy more real-estate and hang on to their real-estate or secret gold/silver. For this reason, most people lost everything.
Land and personal property was not confiscated, because much of it was needed for living arrangements and agriculture. Personal property was too difficult to confiscate for the state.
Stock and Bond trading were halted when the markets closed. During the panic selling after the crash of 2018, stocks were wiped out. Bonds were wiped out in the hyperinflation of 2019. Governments closed the stock and bond markets, nationalized most corporations and declared a moratorium on all debts. Politicians initially explained it as an effort to "buy time" to come up with a plan to unfreeze the markets; but over time, they realized that trust and confidence had been permanently destroyed, and there was no point in trying to open markets.
Wiped-out savers broke out in riots soon after, but were quickly suppressed by police and army in the cities. Curbing of riots in villages took a while longer. Highway tollbooth cameras were used to spot and interdict those who tried to flee by car.
In compensation for citizens' wealth destroyed by inflation and confiscation, governments distributed digital currency. Everyone got the same amount of this government assistance. So almost everyone had the same net worth and same standard of living.
To facilitate the gradual freezing of markets, confiscation of wealth and creation of digital currency; world governments coordinated the elimination of cash in 2016. The "Cashless society" was sold to citizens as convenience. No more dirty, grubby notes to be carried around! Instead, you could pay with cards and mobile phones; and could transfer funds on-line. Only when elimination of cash was complete did citizens realize that digital currency meant total control by government. Deeply indebted government now easily adopted negative interest rates. Governments simply deducted taxes for citizens' bank accounts every month. Without cash, there was no black money.
The government could now monitor all of transactions and digitally froze any citizen's account if he/she protested against government policies. Those guilty of dissent were punished with digital elimination of their digital wealth.
The entire process unfolded in small stages so that citizens barely noticed before it was too late. Gold/Silver had been the best way to preserve wealth till 2018, but in the end, they were confiscated because the power elites knew otherwise the power of Governments and World Central Bank would be limited. First they eliminated cash in 2016. Then they eliminated diverse currencies in 2018. Finally came the hyperinflation of 2019, which wiped out most wealth, followed by gold and silver confiscation and digital socialism of 2020.
By 2023, free markets, private property and entrepreneurship were things of the past. All that remains of wealth is land, fine art and illegal gold/silver. The only other valuable assets are individual talents, provided you can deploy them outside the system of state of state-approved jobs.
(Adapted from Jim Richards - In the Year 2024)
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