Most media and governments have been referring to “the Great Reset” without actually getting into what might be involved in this large expected transition. Some refer to it as a shift to solely digital transactions, while others refer to a societal evolution where private property owners (everything from phones to cars to housing) are owned by a select few with most of the population only renting pretty much everything. The article “I Own Nothing, Have No Privacy And Life Has Never Been Better” should come to mind right about know.

On the surface the Covid-19 pandemic appeared somewhere between accidental release of a virus into the wild by incompetent bat babysitters, and the CCP releasing the virus into the population to create the crisis in an effort to destabilize the entire world’s economies. One theory that has been overlooked is one by economist John Titus who asked the question, ‘what if the Covid-19 pandemic was a financial event?‘

It does not seem that crazy of an idea if you take into account scenarios like; BLM riots in chosen neighborhoods destroying and burning down buildings, then residents in a hurry to leave those neighborhoods sell off their properties ASAP for bargain basement prices, and followed by real estate companies swoop in and buying up all these properties on the cheap. What may look as just a smart business move monopolizing on a national crisis to gain enormous amounts of real estate is really only the tip of the spear to what the Central Bankers have in mind, which is forcing the transition from retail currencies into Central Bank Digital Currency of (CBDC).

John Titus, an economist from the Youtube channel BestEvidence, opens his video entitled “Larry & Carstens’ Excellent Pandemic” quoting the ominous words of both Larry Fink, CEO of BlackRock Investments , with $9 trillion under management, and Agustin Carstens, General Manager of the Bank of International Settlements

First off, Larry Fink gushes about the convenience of dealing with totalitarian countries verses more democratic ones where things like changing opinions and freedoms get in the way of their market certainty.

“Uncertainty, markets don’t like uncertainty. Markets like actually totalitarian governments where you have an understanding of what’s out there and obviously where the whole dimension is changing now with a democratization of countries and democracies are very messing as we know in the United States you have opinions changing back and forth.” [3:45 – “Larry & Carstens’ Excellent Pandemic“]

Next, you have Agustin Carstens almost gleefully fantasizing about the prospect of tracking every bit of currency purchases great or small through their overall goal of Central Bank Digital Currency (CBDC).

“We don’t know, for example, who is using a $100 bill today, we don’t know who is using a 1000 peso today. A key difference is with the CBDC is the Central Bank will have absolute control on the rules and regulations that will determine the use of that expression of central bank liability and also we will have the technology to enforce that.” [4:40 – “Larry & Carstens’ Excellent Pandemic“]

The Central bankers, like Fink and Carsten, want power to control rules and regulations allowing you to make a purchase…or not allowing the purchase. The full implementation of this system, John Titus says, “…right now probably 3 to 4 years off. A crucial phase of the system took place under the very thick cover of [the] pandemic.”

In order to fully understand the major step that has taken place toward the goal of CBDC, we first need to understand how our current monetary system works to stop the Finks of the world from controlling every aspect of our monetary lives. What the central banks/federal reserve once lacked was direct access to the general populations’ retail circuit monetary system. Presently, the Federal Reserve only has access to the Wholesale Circuit Monetary System. What we currently have is a Split Circuit Monetary System. It is this split circuit system that stops the totalitarian control of our money supply. However, this split circuit monetary system was seriously breached under the cover of the pandemic, but was actually done before the pandemic broke out.

The term ‘split circuit system‘ is a term from Joseph Huber in a book called Sovereign Money (2017). In order to understand the rest of this article you must first understand this concept. This does not involve cash, only electronic money. The Split circuit consists of (2) circuits for moving money around; the Private Circuit which is used by private entities of commercial banks to issue money to non-bank entities, like mom-and-pop stores, small businesses, hedge funds, insurance companies, purchases of stocks and bonds, and people. The other, Titus refers to as the Public Circuit, is the circuit used for public banks to move money around like the Federal Reserve, in which a sovereign nation can transfer money throughout the country among the Federal Reserve banks.

Private Circuit:
The Commercial Banks ‘create money out of thin air‘ when then lend the money to bank money users. [VIDEO: “Mommy, where does money come from?“]

All money in the Private Circuit was originated from a loan to someone. There are over 4000 commercial banks in the U.S.

The Public Circuit:
The Federal Reserve issues money in the public circuit by writing a check against nothing and buys an asset as and when it pleases, since 2008. The Public Circuit has (3) classes of users. One class is the foreign Central Banks like the European Central Bank, Bank of England, Bank of Japan, etc.

The 2nd class of users is the U.S. Government and the Treasury. The third class of users is the Commercial Banks. In this circuit the Commercial Banks use money but do not issue money, as they do in the Private Circuit. In the Public Circuit there are only 12 issuers of money, the U.S. Federal Reserve Banks, with the Federal Reserve Bank of New York being the only one to have a trading desk that is a permanent member of the Open Market Committee.

The deposits of the 4,357 commercial banks in the Private Circuit are totaled weekly and appear in the Federal Reserve’s h.8 report tabulated on Wednesday reported on Thursday of each week. The deposits for the account holders of the 12 Federal Reserve Banks are then recorded in the h.4.1 report, also tabulated on Wednesday and reported on Thursday. The fact that there are (2) different reports to track deposits in our monetary system show that it is truly a split circuit monetary system. In this system Commercial Banks hold a very special position in that they are both issuers and users of money.

For a long time the Federal Reserve only directly had control of the Public circuit deposits, but it had very limited ability to effect the Private circuit. However, it would still try to “tinker” with it with interest rates on deposits. The totalitarian Central Bankers do not like this split system. What they are actively working toward is a system where the commercial banks are completely cut out of the equation, where instead of borrowing and transacting money with dollars the Federal Reserves would issue Central Bank Digital Currency (CBDC) directly to the people. This would allow the ability for every $100 to be tracked and chosen if a person’s social credit score is high enough to put gas in their car, pay their electric bill, or buy that double cheeseburger. This is exactly the type of control and tracking even Nancy Pelosi is hoping to gain in the big $3.5 Trillion spending bill, which aims to track all transactions $600 or more. This is where we are heading, RIGHT NOW.

During the distraction of the Covid-19 pandemic, the Federal Reserve began putting serious pressure on the deposits and this current split circuit system. In order to see how these two sets of deposits reacted to each other before and after the start of the Covid-19 pandemic, we need to go to the Federal Reserve website known as “FRED.” From the FRED website:

“What is FRED? Short for Federal Reserve Economic Data, FRED is an online database consisting of hundreds of thousands of economic data time series from scores of national, international, public, and private sources. FRED, created and maintained by the Research Department at the Federal Reserve Bank of St. Louis, goes far beyond simply providing data: It combines data with a powerful mix of tools that help the user understand, interact with, display, and disseminate the data. In essence, FRED helps users tell their data stories.” [25:58 – “Larry & Carstens’ Excellent Pandemic“]

The Wholesale Circuit graph illustrates (3) phases. The flat portion (1st Phase) of the blue line in the graph shows what was the typical bookkeeping function that the Federal Reserve used to serve up until late 2008 during the global financial crisis. This flat phase had lasted for 105 years, since the Federal Reserve was created in 1913. Only recently has this graph representing the deposits in the Federal Reserve had any change at all. The money in this section was mainly used to settle transactions between commercial banks. See the video “Where For Art Thou Reserves” by John Titus as he better explains the function of the Reserves.

The (2nd Phase) runs from the global financial crisis up to the pandemic. In this section the Federal Reserve begins to play games of making money out of nothing and creating reserves to buy assets from commercial banks. This created money that does not circulate in the Retail circuit but is only used to buy assets from commercial banks, is basically a bailout of banks also known as ‘quantitative easing.’ The Federal Reserve begins in early 2018 to taper off the number of deposits up until Sept. 2019.

The (3rd Phase) begins at the beginning of the pandemic.

The feature to notice in these two lines of the Retail and the Wholesale deposits data is that before the pandemic, the Retail (red) line does not effect the Wholesale (blue) line up until the moment of the pandemic. Suddenly the Wholesale deposits start to have a large influence on the Retail deposits.

The Federal Reserve had been tapering down deposits for about 18 months before the pandemic. Then it reverses and begins adding deposits back to the Federal Reserve, which was caused by a crisis in the repo market. What happened was many of the big banks who had money in the repo market began to pull it out, like JP Morgan and Chase, for an entire month. At that point the Federal Reserve began to fill that void around Sept. 11, 2019, and at that point began having a very direct effect on the Retail circuit.

As shown at mark [39:00] in Titus’ video “Larry & Carstens’ Excellent Pandemic,” the pattern of increase in the Wholesale and Retail circuits begin to match, leading up to the pandemic. Into the pandemic the Federal Reserve begins changing some interest rates around in order to induce deposit holders to convert their deposits to reverse repos. This is better explained in a video called “The Fed’s Latest Scam” by Stephen Van Meter. Titus says that the motivation behind this is to drive up demand for treasuries. Adding more money to the Retail circuit from the Fed would be causing inflation if there was not a split system. However, now that the deposits in Retail and Wholesale circuits and the Federal Reserve playing around with interest rates, we are now seeing that inflation. This historical altering of the monetary circuits is explained further in a video called “Quantitative Easing, the Greatest Scam on Earth.”

Now that you see the major change in deposits in the system which hasn’t been altered in over 100 years, the next question is WHY? This plan, or policy change, was presented on August 22, 2019, 3 weeks before the repo crisis. Larry Fink, CEO of BlackRock, makes a presentation at a big annual monetary conference in Jackson Hole, WY.

At the conference Fink warns that the financial markets are going to have another downturn and the Central Bankers need to make an unprecedented policy change in order to respond to the crisis. Instead of shuffling $300-$400 billion around, it moved $3.5-$4 trillion causing a break in the historical pattern of deposits as the Federal Reserve buys up enormous amounts of assets. BlackRock is then hired by the Federal Reserve to help select which assets to buy. The assets that BlackRock told the Federal Reserve to buy included assets that BlackRock owned. This put BlackRock in a great position to make money on both sides of the trade, all this happened under the global distraction known as the Covid-19 Pandemic.

So what was the BlackRock plan? A copy of the BlackRock plan is called “Dealing with the next downturn: From unconventional monetary policy to unprecedented policy coordination.” In the opening Summery they state their fear points on Page 2:

• There is not enough monetary policy space to deal with the next downturn: The current policy space for global central banks is limited and will not be enough to respond to a significant, let alone a dramatic, downturn.

• An unprecedented response is needed when monetary policy is exhausted and fiscal policy alone is not enough. That response will likely involve “going direct”: Going direct means the central bank finding ways to get central bank money directly in the hands of public and private sector spenders. Going direct, which can be organized in a variety of different ways, works by: 1) bypassing the interest rate channel when this traditional central bank toolkit is exhausted, and; 2) enforcing policy coordination so that the fiscal expansion does not lead to an offsetting increase in interest rates.

Further into the document in a section called “From soft to explicit coordination” they lay out their solutions on Page 8:

“Any additional measures to stimulate economic growth will have to go beyond the interest rate channel and “go direct” – when a central bank crediting private or public sector accounts directly with money. “

When you add money to the Wholesale circuit you have to add money to the Retail circuit also. Fink also had a suggestion in his presentation on what should be done with all this new Retail money. The suggestion was to put it into the stock market. The Federal Reserve purchased assets, mortgage-backed securities, treasury bonds.

“expanding the monetary policy toolkit with an instrument that will be fiscal in nature, such as credit easing by way of buying equities.”

Fink also indicated that the new Retail “helicopter money” needs to be permanent, unlike the 100+ year historical precedent which allowed for temporary recovering after a financial crisis. Causing high inflation was always part of the plan, as indicated by the matching pattern of Wholesale & Retail Circuit deposits.

In the section “Monetary financing?” on Page 9 it states:

“this boost to the stock of money has to be permanent. Otherwise, the money might not be spent if the increase is expected to be reversed in the future. If these conditions are met and helicopter money is delivered in sufficient size, it will drive up inflation – in the long run, the growth of money supply drives inflation.”

Because of the BlackRock plan and the Federal Reserve’s execution, $3.5-$4 trillion dollars were pumped into the Wholesale & Retail monetary circuits, the stock market doubles, billionaires triple and quadruple their wealth, and massive inflation now ensues. Under the smoke of pandemic, the Federal Reserve “goes direct” and takes over a huge portion of the Retail market like never before.

The BlackRock plan presented in August of 2019, and by October 2020 Carlsen and the Federal Reserve were talking about Central Bank Digital Currency…right in the middle of the pandemic. What a perfect distraction they all have, while poverty is rising with businesses being shutdown. During this time; housing is being bought up, home foreclosures, housing market boom, and BlackRock buying up houses in record numbers.

Add to that distraction cyber attacks on utilities, business and municipalities being locked down, and endless Covid-19 variants’ fear porn to keep the boot on the neck of people. There will be an endless run of horror shows with pandemics, variants, cyberattacks, and whatever else to keep the fear alive in the public, while the central bankers keep pushing closer toward CBDC, and if we do nothing they will get what they want.

Solutions – What Can We Do About This?

Del Bigtree from the High Wire had a great interview with Former Federal Housing Commissioner and President of Solari, Inc., Catherine Austin Fitts. In the interview she describes what we can do to help stay off the massive push for Central Bank Digital Currency by the Central Banks, where we still have some time.

Start Using Cash More Often: Using cash helps keep the decentralized currency alive and active, and helps prevent the push to an all digital economy. One way in starting the habit of using cash more often and implementing #CashFriday habits. Wait staff like it especially for tips, and businesses like it because they do not have to resort to paying digital transaction fees when processing debit and credit cards.

Move to Your Money to Local Banks: We still have many great local banks and credit unions that service banking customers’ needs very well. The problem is we are not supporting small local banks enough to help stay off this global push by the big banks. A great way of finding a good local bank to move your money, Fitts suggests, is going to your local Chamber of Commerce websites and see which banks are members of the chamber. She also has an article at Solari called “How to Find a Good Local Bank.” In addition to that, Fitts suggestions talking to local CPAs, attorneys, and others in the money business for their reviews on the local banks in your area. She continues by suggesting reading the banks’ governing documents, learn who owns them, who is on the board, and then go in and talk to them.

Build Resiliency and Independence: Get the big corporations out of your life as much as possible. This can be done by finding alternatives to places like Amazon or big tech utilities. One alternative my family has found to ordering from Amazon is a business called Azure Standard. They have health & beauty products, household items, nutritional supplements, outdoor and gardening items. Some of our ‘subscribe & save’ items from Amazon have been replaced by Azure Standard. At present it may not be a full replacement to Amazon but as businesses like this continue to grow, and others like it, it will take the reliance off the big corporations and put it more on businesses that cannot leverage you into a full digital economy.

Other options to explore are solar panels systems for electric, and installing a well to get off of the local water utility. Fitts describes the process of “Coming Clean” as getting any business or organization that has no integrity completely out of your lives and replace them with ones that have integrity. Part of that process is also separating from businesses collecting data on you, like the use of smart appliances and enforce your own privacy.

Another element of creating more independence is getting CERT (Community Emergency Response Team) training. This a program that trains volunteers about disaster preparedness for the hazards that may impact their area and trains them in basic disaster response skills, such as fire safety, light search and rescue, team organization, and disaster medical operations. CERT offers a consistent, nationwide approach to volunteer training and organization that professional responders can rely on during disaster situations, allowing them to focus on more complex tasks.

Build Local Food Systems: There is no avoiding it. INFLATION IS HERE AND IT GOING TO GET ALOT WORSE. The more you can build your own connections to food, whether it is growing your own food or connecting with local growers and producers, the better protected you will be from that worsening inflation. Fitts has an article called “Going Local” that covers this more. Another suggestion is if you have not already, started a food storage pantry, do so. You don’t have to built it all at once and break your budget, just buying a few extra cans of what you already eat is a great way to start. Every little bit is progress. This is a process or a “journey” as Fitts describes it. My family started this process a few years ago, buying extra food and emergency equipment, as we could afford it.

We are facing challenges in the U.S. and the world like none we have seen in at least a generation, but never to the level of global control the world has ever seen. We are being pushed towards the cliff of digital slavery with the carrot and stick of fear porn of a pandemic that isn’t. It is only if we stand together against the financial and legislative boots on our necks can we hope to retain our eroding freedoms. We can either be an asset or a liability to our families, friends, and local communities. We need to stop financing those building the prison around us, and teach others to do the same. It all begins and ends with us. It is not rocket science and everyone can find an area where they can assist themselves and others in this resurgence for independence. The future freedom of humanity really does depend on what we do…next.