Comment: I see how she reached her conclusion but she's WRONG. (The following post is from Fakebook.)
Catherine Austin Fitts argues that Donald Trump was installed by bankers to construct a digital control grid comprised of programmable money, digital ID, and a social credit system.
She maintains that Trump is expendable now that the infrastructure for this system is complete.
"So let's look at the control grid. There are three general baskets of what you need to do. The first is programmable money. The second is digital ID... And then the third is you need the hardware and the software infrastructure to do the social credit system."
"And so you need all the data centres... But you also need a surveillance infrastructure and enforcement infrastructure to back it."
"So how do you persuade conservatives... to embrace building that infrastructure? The way you do it is you say, oh, we have election fraud, or oh, we have an immigration problem. And so we need a digital ID to identify who everybody is so we can't have fraud."
"If you look at everything [Trump has] done to build the control grid, or to put the conditions in place to do it, they now have what they need."
"Trump is basically expendable now."
One way that Trump could short circuit this is by releasing an official, precious metals backed MONERO (xmr) stablecoin. It would completely destroy this narrative, forever. Because monero and its forks can't be made into a control grid. Not so long as its open source. They are working on quantum proofing XMR now. In addition, they're making it even more private / secure with FCMP++ (Full Chain Membership Proofs). Theyr'e also working on cross chain integration with Thor so that XMR won't continue to suffer from regulatory attacks on it like being delisted on all the central servers because govnerments HATE IT
Even if you created a gold backed Monero stablecoin with a PURPOSEFUL and KNOWN backdoor, i think people would use it if it came tethered to a warrant and due process protocol. People would use a digital money that lets the US government have a skeleton key, but only if that skeleton key was issued by a judge in a formal proceeeding. Skeleton key should require the wallet being investigated to 'accept' also, so the warrant and request itself would act like a warrant canary, informing you that your account is being investigated, and then you consent to it. Otherwise, the US gov would be hacked and this process would be abused. The gov would get a mirrored account as a view only wallet. If you don't gve the gov access to the account, you're charged with obstruction, shipped to libya and beaten with a rubber hose until you give upt he password.
This would be a VAST improvement over digital money (dollars, EBT / ACH) now, and the fact ALL of our data is surveilled now, not just by nsa and cia but nearly every corporation on earth.
Thats exactly what the Genius Act does. Stablecoins. But not backed by precious metals alone, but backed by the entire assets and productivity of US economy.
Remember, you cannot have a currency thats backed only by any fixed assets. That would not keep up with a growing economy. It has to be backed by the full productivity of the country. This was the real reason Nixon had to go off the Gold standard. Everyone thinks he was a traitor, but he actually saved the country. The French warships were in the harbour in New York ready to take all the gold.
I agree. It's really not the surveillance that's the issue. We have warrants. We accept that our privacy must be somewhat subject to inspection. The problem is.... these systems have been corrupted and used for control without proper checks. I'd prefer 50 years of zero privacy than 1 more year of the human and child trafficking industry remaining hidden where people just don't care.