[Continued from Part 8a. Here: https://greatawakening.win/p/16ZqiECU53/the-simon-lectures--series-i-par/]

So what would be the result of a situation in which we, as a people, progressively adopted CBDC? A situation in which we elect to be paid in CBDC, purchase goods in CBDC, pay taxes in CBDC, and so on. What happens? What is the result? One currency – USD – expands with printed money. The Federal Reserve will print USD and inject it into the banking system, as people exit USD for CBDC. And the other currency – CBDC – expands organically with the underlying expansion of the economy it represents. Let me ask you: if you consider a final state in which we all get paid in CBDC, purchase in CBDC, and so on, does USD continue to represent any underlying economic activity at all? Wouldn’t CBDC become the currency that bore the sole relationship to activities contributing to GDP? And wouldn’t USD become a vortex of bits swirling around in digital space – unrelated to any underlying value whatsoever? How long could that last and what would be the outcome? And, more importantly, does this sound familiar?

Friends, in your minds, do you see any resemblance between Bitcoin (and its ilk) and a USD divorced from underlying economic activity? Let me ask you some questions. Bitcoin was invented anonymously in 2008, during Obama’s first year in office. During the tenure of the president that single-handedly amassed 42% of the debt we have today. So while we were embarking on a course that would destabilize the country and lead it into almost certain economic ruin, an anonymous paper proposing Bitcoin just “popped up” out of nowhere, along with open source software to execute the concept, just in case anyone wanted to give it a go. And it led to a project by which we could understand the public’s willingness to accept a currency representative of nothing, how long such a currency could remain stable, how such a currency could be manipulated and so on.

Let me point out something else. In the last 13 months or so, Bitcoin has lost 75% of its value relative to the USD. In a state where predominantly all GDP production was conducted in CBDC – so that CBDC becomes what USD is today, and USD becomes what Bitcoin is today – what would happen if the USD lost 75% of its value relative to CBDC? Wouldn’t the nation’s debt effectively “shrink” by 75%? Would it not be the case that 1 CBDC could pay off $4 worth of USD-denominated debt? And all that would have to happen is to set up a system of economic forces that encouraged adoption of CBDC.

So here we stand today. Ready to introduce a parallel currency that we won’t admit is a parallel currency. Armed with the information necessary to understand how to support a second currency as it becomes detached from any underlying economic reality. Armed with the knowledge to understand how to manipulate its value. Armed with the understanding that vast amounts of our debt could be wiped out with domestic forex transactions (CBDC-for-USD). But it’s all a coincidence. Bullshit.

Friends, this path is being considered at the highest levels and with the gravest interest. It’s not the only path being contemplated, but it’s probably the leading candidate right now.

As always, there is much more to say. But I will conclude Part 8 here.

The takeaways from Part 8 is: (1) CBDC will be a distinct, parallel currency – not another expression or form of USD; (2) with two currencies in place, we can push economic activity into the one our debt is not denominated in, i.e., into CBDC; (3) as economic activity migrates to CBDC, the USD will become like Bitcoin – a currency representing nothing; (4) Bitcoin was a project that taught our intelligence services how to keep such a meaningless currency stable, while stability is required, and then how to manipulate its value, once that is required; and (5) we will manipulate the value of the USD relative to CBDC to effectuate a great discount on the debt.

Stay tuned for Part 9.

Or don’t. It’s your decision.

Ever yours, simon_says

postscript: Series I is not concluded. That said, I am going to begin publishing Parts of Series II and Series III. I believe that Series I is far enough along that it would be profitable for all, if I joined its ideas with ideas on other fronts. As always, thank you for reading.