How the Fed & MIT secretly engineered your financial prison

0:00Broadcasting around the world, this is on the record with Christian Briggs. Sirius talk about what's happening around the world and how it affects you. Unfiltered truth for a world on edge. Follow us on X at BMC underscore H-A-M live in three, two, one. I want you to stop what you are doing right now. Turn off the corporate noise and pay ruthless attention to what is happening beneath the surface of the global economy. For years on this show, I've warned you that unelected technocrats, central bank cabals, and globalist bureaucrats are actively building an inescapable digital corral around your wealth. They want total surveillance, complete administrative discretion over your transactions, and the unilateral power to turn off your money with a single keystroke. While the talking heads tell you everything is fine, listen to what they are actually saying behind closed doors.

1:0021st of September, we will launch Pontes. Now Pontes is digital euro made available for banks so that they can transact amongst themselves using tokenized assets and distributed ledger technology. We very much hope that the piece of legislation that is currently under debate concerning the digital euro will see its completion and finalization before the end of this year and the earlier the better. Listen to what they are admitting behind the polished suits, the neutral academic jargon, and the slick corporate public relations spin. If you have followed this show for any length of time, you know I have been screaming from the rooftops about central bank digital currencies for years. Long before the mainstream networks on CNBC or Bloomberg even knew what the four letters CBDC stood for, long before European bureaucrats started openly celebrating their digital euro rollout, and long before President Trump took back the Oval Office and put a temporary freeze on federal agencies building these digital chains,

2:06I was warning you that this day was coming and make no mistake. The danger has not passed. The threat has not evaporated just because the political winds in Washington shifted for an hour. What we are witnessing is the construction of the most sophisticated all-encompassing financial surveillance apparatus in the history of human civilization. Today we are stripping away the propaganda. We are pulling back the curtain on the entire architecture. We are going back to the origin point to show you exactly how the trap was designed, who engineered the plumbing and how close we came and still remain to an irreversible financial lockdown. Because if you only look at what is playing out across the Atlantic in Frankfurt, Brussels and London right now, you are completely blind to the larger strategy. The European technocrats didn't come up with this out of thin air. The legislative maneuvers happening on Capitol Hill didn't materialize overnight. Every single piece of this puzzle was calculated, tested and assembled while the American public was completely

3:07distracted. Let's go back to the beginning. Take your mind back to 2020. Think about where this nation was. Donald Trump was in his first term facing an unprecedented, manufactured global crisis. COVID-19 had shut down Main Street America. Working class families were locked inside their homes. Small businesses. The backbone of our economy were being systematically crushed while big-box corporate monopolies were allowed to keep their doors wide open. Congress was rushing through multi-trillion dollar emergency spending packages, printing fiat currency at a velocity never before seen in human history. Financial markets were whipping back and forth in violent, panicked swings. The entire American populace was paralyzed by 24 seven media fear campaigns, mask mandates, emergency edicts, and an escalating presidential election cycle. And right then, in the dead center of that chaos, when every single pair of eyes was glued to hospital bed tallies, election headlines, and emergency briefings, the Federal Reserve Bank of Boston quietly teamed up

4:10with the technocrats at MIT. They launched an operation code named Project Hamilton. I want you to burn that name into your memory, Project Hamilton. A central bank digital currency is not a claim on a private commercial bank like JP Morgan, Bank of America, or your local community credit union. A CBDC is a direct liability of the Federal Reserve. Under the system we have had for over a century. If you walk into your local bank and pull out a crisp physical $100 bill, that green paper is a physical Federal Reserve note. Once you hold that cash in your hand, you are completely sovereign. If you buy groceries, if you buy ammunition, if you buy gasoline, if you hand $20 to a friend, there is zero digital intermediary. There is no tracking algorithm. There is no middleman deciding whether you are allowed to execute that trade. The transaction is final, settled, and completely private between two free human beings.

5:12If you leave your money in your checking account, that money is a commercial deposit. The bank owes you that money. While the commercial banking system has its own severe vulnerabilities, as we have seen with regional bank runs, the government still has to jump through legal hoops, issues subpoenas, and navigate commercial firewalls to seize your wealth. A retail CBDC completely demolishes those firewalls. In a CBDC world, every single American citizen would hold an account directly linked to the central bank. There is no intermediate commercial barrier. There is no cash in your pocket. Every digital dollar you possess exists entirely on the master ledger maintained, surveilled, and governed by unelected bureaucrats in Washington. Think about the sheer scale of the power that hands over. When your money lives on the central bank's master ledger, the issuer has absolute god-like control over the architecture. They decide who is authorized to open an account.

6:14They determine who has access to the transaction ledger. They see every purchase in real time down to the penny, the timestamp, and the GPS coordinates of the transaction. They can institute arbitrary holding limits, dictate what you are allowed to accumulate, and penalize you for saving your own capital. This is why I lose my patience when mainstream financial commentators reduce this existential fight down to shallow corporate slogans. You have naive media personalities looking into the camera saying, don't worry, Christian, it's just digital cash. It will make payments cheaper. It will help the unbanked access the financial system. Then you have others sounding the alarm without understanding the actual mechanics. The battle does not live in political talking points. The battle lives in the software architecture. How is the code compiled? Who holds the cryptographic private keys? Where does the transaction log live? What legal authorities are codified into the system? What emergency powers are quietly reserved for the Federal Reserve Board of Governors?

7:16What happens when the system is disconnected from the power grid? Most critically, is the architecture immutable? Or is it subject to the ideological whims of whoever occupies the regulatory state tomorrow? Those are the real questions. That is why Project Hamilton was not some harmless academic exercise. It was the engineering phase of the trap. Boston Fed, Technocrats, and MIT researchers sat down to answer the technical questions of how to build an all-seeing transaction processor long before the American people or their elected representatives were ever given a say. Look at the stated intent when the Boston Fed dropped their announcement in the dog days of August 2020. They claimed the collaboration with MIT's Digital Currency Initiative was designed to explore technical approaches and understand the capabilities of high-speed digital transactions. Pay attention to how the administrative state uses linguistic camouflage. They deliberately avoided calling it an official digital dollar. They took immense care to avoid stating that the United States had finalized a decision to issue

8:18a national retail CBDC. Why? Because they knew that if they told the American people in plain English, we are engineering the infrastructure to replace cash with an unbacked government ledger, the political backlash from patriots, small business owners, and constitutional conservatives would have burned through Washington like wildfire. So they hid behind academic jargon. They framed it as harmless R&D. MIT's Digital Currency Initiative is not a loose collection of computer hobbyists tinkering around in a garage. This is one of the premier elite technocratic institutions in the world. It is funded by massive globalist corporate endowments, staff by high-level software architects, and deeply intertwined with international central banking organizations like the Bank for International Settlements and the International Monetary Fund. When a regional Federal Reserve Bank enters into a formal multi-year technical partnership with an institution like MIT, you are looking at an industrial mobilization of resources. Their objective was clear, determine whether a centralized or federated digital ledger could

9:22process payments at the velocity and scale required to run the entire American economy. They weren't interested in testing a theoretical payment rail for a small town. They were stressed testing an infrastructure designed to handle hundreds of millions of citizens executing billions of transactions simultaneously. They looked at latency, network resilience, cryptographic security, and raw processing throughput. Central bankers knew that if they ever attempted to push a CBDC onto the American populace, their biggest technical obstacle would be scalability. If the network choked during Black Friday shopping or froze during a market panic, the entire system would collapse, so they set out to solve that problem first. They wanted the operational engine fully assembled, tuned, and idling in the driveway before anyone realized the car had been built. By early 2022, Project Hamilton crossed the line from theoretical exploration into functional software deployment. The Federal Reserve Bank of Boston and MIT released

10:24the Phase 1 results of their research. They published white papers and pushed their open-source code repositories onto GitHub for the global tech community to inspect. The raw engineering metrics they published should have sent shockwaves across every financial news outlet in the country. They tested two distinct software architectures. The first designed process to approximately 170,000 transactions per second. That alone is an extraordinary volume of financial throughput. Then they unveiled their second architecture and optimized parallel processing transactional engine under stress test conditions. That system sustained roughly 1.7 million transactions per second. In later technical summaries released by the Boston Fed, they documented peak transactional performance exceeding 1.84 million transactions per second with settlement times occurring in under half a second. Let me put those figures into perspective so you understand the raw power of what they built. The entire global visa payment network, which handles the overwhelming

11:27majority of debit and credit transactions across North America, Europe, and Asia, typically processes an average of a few thousand transactions per second. With a theoretical peak capacity somewhere around 24,000 to 65,000 transactions per second. The Federal Reserve and MIT engineered an engine capable of handling 30 times the peak capacity of the entire global visa network. Do not let anyone tell you this was a harmless research project. You do not spend millions of taxpayer and institutional dollars engineering and operational transaction engine capable of clearing nearly 2 million transactions per second just to let the code sit on a shelf and collect dust. They engineered an industrial strength national scale monetary processing they didn't build the legal identity layer yet they hadn't settled the regulatory frameworks the commercial banking interfaces or the specific biometric identity protocols what they built was the supercharged engine the core mechanical drive of the vehicle was completely functional. This is the classic playbook of the administrative state the technical apparatus always moves at

12:32breakneck speed while the public facing political apparatus moves at a crawl. Why? Because if the public believes a program is moving slowly nobody mobilizes nobody protests grassroots organizations don't organize lawmakers don't draft emergency legislation the establishment lulls the country to sleep while the technocrats quietly finish laying the digital rail ties by the time the political class finally catches up to what has been built the technocrats step forward and declare well the infrastructure is already fully integrated the global economy has modernized it is too late to turn back now we must adapt or be left behind that deliberate divergence in speed was the exact warning I was hammering behind closed doors I saw the gap widening the engineers were sprinting toward the finish line while the American public was being assured there wasn't even a race underway now let's talk about what was actually happening inside the halls of congress during this exact window I want to be precise here because I don't believe in hyperbole I believe in cold verifiable facts congress

13:36was not entirely blind to the fact that digital currency was being discussed there were congressional hearings federal reserve governors gave testimony before the senate banking committee and the house financial services committee academic researchers from MIT were invited to brief select congressional staffers the establishment checked their boxes they could point to the congressional record and say see we didn't hide this from lawmakers we testified on the hill the reality on the ground was completely different there was a massive alarming divide between lawmakers knowing that the federal reserve had an ongoing research initiative and those same lawmakers actually grasping what that research meant in practical constitutional terms during that exact period I was personally having extensive meetings throughout Washington I was talking directly with members of the house of representatives I was meeting with conservative senators I was sitting down with financial policy senior officials around the treasury department and seasoned intelligence and national security

14:38professionals once that code proved that near instantaneous multi million transaction throughput was technically achievable the ground beneath Washington shifted the technocrats had answered the engineering question they proved the system could operate at warp speed and that immediately transition the cbdc fight from a question of computer science to a direct confrontation over governmental power the infrastructure was alive the only remaining question was whether the political establishment would muster the audacity to deploy it against the American people while MIT engineers were running these high speed transaction tests federal reserve chairman Jerome Powell was playing defense in front of the press and the cameras throughout 2021 Powell repeatedly took the podium and insisted that the fed was merely evaluating the broader implications of financial technology he stated that the central bank was in no rush to make a determination repeatedly emphasizing that they would proceed cautiously then in January of 2022 the federal reserve board of governors released its

15:44formal discussion paper on central bank digital currencies that paper read like an institutional masterclass in bureaucratic straddling on one hand they laid out the potential benefits faster cross-border settlements lower transaction costs greater financial inclusion on the other hand they were forced to acknowledge the catastrophic systemic risks the destruction of the traditional banking system devastating deposit flight during periods of economic panic and severe civil liberties and privacy concerns notice the deliberate institutional game being played here in the laboratories of Boston and Cambridge engineers were moving at lightning speed compiling code breaking transaction records and solving the raw technical mechanics of a centralized digital dollar meanwhile in the marble halls of the echoes building in Washington policymakers were projecting an image of calm slow moving deliberation they were pretending that the entire concept was a distant hypothetical consideration that was years if not decades away from reality the vast majority of our elected

16:50representatives had zero comprehension of how far down the tracks this train had actually traveled when you sit down with a typical member of congress and say the federal reserve is researching a digital dollar what do they picture they picture a half dozen economists with PhDs sitting around a mahogany table reading academic journals and debating monetary theory over coffee they had no idea that federal researchers had compiled executable code capable of running nearly two million transactions a second on a centralized ledger they had no idea that the technical hurdles of replacing cash were being systematically dismantled in the university lab language was weaponized to pacify lawmakers as long as the fed called it exploratory research lawmakers treated it as a low priority policy issue I sat in those offices and told them stop looking at the press releases look at the code look at the architecture once you build a financial super weapon human nature and political history guarantee that somebody in power will eventually pull the trigger let's be intellectually

17:53honest nobody is arguing that the united states government should remain blind to technological advances if communist china is developing a state-backed digital currency to monitor its population and bypass western financial sanctions our defense and intelligence communities need to understand how that architecture functions if the european union is designing centralized ledgers american analysts need to comprehend the plumbing basic research and defensive comprehension of adversary technologies are standard national security practices the line between passive defensive research and the construction of domestic implementation architecture is non-negotiable who in washington has the constitutional authority to fundamentally rewrite the monetary system of this republic does the federal reserve chairman have the power to create a digital dollar out of thin air does the secretary of the treasury have the unilateral authority to replace physical federal reserve notes can an unelected bureaucratic director issue an administrative rule that converts

18:53the life savings of american citizens into centralized digital tokens the answer under the united states constitution is an absolute definitive no article one section eight clause five of the constitution explicitly states that congress shall have the power to coin money regulate the value thereof and a foreign coin the power over the monetary ledger belongs solely to the elected representatives of the american people not to unelected unaccountable central bankers operating out of regional reserve banks as our pushback gained momentum and conservative lawmakers began cornering central bank officials and open hearings chairman jr. m. Powell was finally backed into a corner under intense questioning Powell publicly conceded that the federal reserve would not and could not issue a retail central bank digital currency without explicit authorization from congress that admission was a monumental tactical victory it established a critical legal seawall it meant that no matter how many millions of transactions per second their engineers could push through in a

19:54Boston laboratory they could not legally mandate a retail digital dollar into american commerce with a simple administrative decree the battleground was formally dragged out of the dark corridors of the administrative state and forced onto the floor of congress and that is precisely where the political war erupted the moment this issue was forced into the political daylight the gloves came off the globalist establishment and their corporate media mouthpieces immediately began running public relations cover they trotted out academics to write opinion pieces talking about how a cbdc would bring equity to banking how it would modernize our infrastructure how it would allow the government to instantly distribute stimulus checks during the next national lockdown and how it would protect america's status in the international financial hierarchy those arguments are complete fabrications designed to manufacture consent conservative stalwarts on capital hill led by fighters like senator bill haggardy of tenisee saw the agenda for what it truly was they recognized that a central bank

20:57digital currency is not an innocent payment modernization it is the ultimate tool of government overreach and totalitarian surveillance listen to my conversation with senator bill haggardy right here on this program the concern that you raised and i think you highlighted for me frankly christian i didn't realize that this had elevated to the point that it has in the polling the people that have responded to this and these are people that accumulated some form of wealth right correct and and those are the ones i think that are and should be concerned about any form of centralized system and the key word here the operative term is centralized decentralized doesn't worry us now it's when it's centralized when the government has the ability to monitor and control lawmakers who understood constitutional liberty immediately zeroed in on the non-negotiable risks the complete obliteration of individual financial privacy the devastating destruction of regional and community banks which would see their customer deposits violently sucked out of local branches

21:58and siphon straight into the federal reserve during the very first sign of financial stress the terrifying reality of systemic bank runs happening not over days or weeks but in milliseconds on a mobile app the existential danger of weaponized government power think about this scenario imagine you design and deploy a centralized cbdc system today under the pretense that it is run by neutral technocrats what happens when an extreme radical administration takes power five eight or ten years down the road what happens when the people running the government decide that your political speech your participation in a peaceful rally your religious convictions your choice of vehicle your home heating fuel or your purchase of firearms represents an unacceptable societal risk if that administration controls the master ledger of your money they don't need to send federal marshals to your front door they don't need to put you on trial in front of a jury of your peers

23:00they simply open up an administrative dashboard enter your digital ID and freeze your ability to buy food pay your rent or put gas in your car senator haggardy and his colleagues recognize that you never build a surveillance machine that you wouldn't trust in the hands of your worst political enemy because in a republic the people in power will change but the infrastructure of tyranny once built remains forever on the record with Christian Briggs will be right back after a word from our sponsor gold has more than tripled since september 2022 rising from sixteen hundred fifty six dollars per ounce to over five thousand dollars by february twenty twenty six that's a two hundred five percent gain outperforming the market and proving why gold is the ultimate long-term hedge as global debt sores and currencies weaken central banks are hoarding gold at record pace why aren't you call eight four four four two six four six five three or visit bmcham.com protect

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28:10t wc dot health forward slash out loud and use code out loud for 20% of your first order that is t wc dot health forward slash out loud experience the science of hair we're growth with roots all never before has our american cultural economic spiritual and political fabric been more threat here the american most of us have drawn up with and law is under a relentless and pernicious siege from those carrying the banners of socialism congress at marxism america out loud dot news is the antidote to these poison isms america out loud dot news is that place to awaken your heart soul and mind to the out loud truth privacy is the definitive fault line of this entire debate it is the acid test of whether you are a free sovereign citizen or an economic subject of the state when you peel back the layers of academic

29:15double speak the fundamental question is brutally simple who holds the ledger and what can they see under a retail cbdc system the central bank sits at the absolute center of the web every single micro transaction from your morning cup of coffee to your monthly mortgage payment from the donation you make to your local church to the purchase of a hunting rifle is logged on an immutable centralized ledger directly accessible by the state think about how fundamentally contrary that is to the american tradition of liberty physical cash provides freedom by default if you walk into a store pull a twenty dollar bill out of your pocket and buy a gallon of milk that transaction leaves no digital exhaust it requires no authorization from a remote server it asks permission from nobody it creates no permanent profile in a bureaucratic database it is decentralized private and final the moment you replace physical cash with a central bank digital currency that natural privacy is deliberately erased every single transaction requires software execution that software

30:18must log the sender the recipient the precise amount the geographical location and the time stamp the technocrats claim oh we can build mathematical cryptographic privacy into the system we can use zero knowledge proofs we can hide your identity from the operators do not believe them for a fraction of a second under the guise of the bank secrecy act anti money laundering statutes counter financing of terrorism edicts and know your customer regulations the federal government will always demand complete unhindered administrative backdoors they will demand the real time capability to unmask any wallet trace any transaction and freeze any asset they deem suspicious in a cbdc environment financial privacy cannot exist by law the moment the state controls the software privacy is reduced to an administrative favor that can be revoked by bureaucratic decree at any time now let's address the most terrifying word in the entire central banking lexicon program ability in the white papers published by the boston fed and m it under project hamilton they openly

31:22discussed exploring the concept of programmable money and smart contracts built directly into the digital currency architecture let's strip away the computer science terminology so everybody understands what that means in the real world programmability means that the money itself contains executable code that dictates how when where and by whom that money can be spent think about the implications of that reality today if you have a hundred dollar bill in your wallet that bill does not have an expiration date that bill does not care if you spend it on beef vegetables gasoline or building materials that bill does not care if you drive 10 miles from your house or 500 miles from your house to spend it it is an unconstrained sovereign medium of exchange programmable money changes the very definition of currency if the state issues programmable digital tokens they can program rules directly into your account they can decide that stimulus funds deposited into your digital wallet

32:23must be spent within 30 days or they automatically vanish from your balance to stimulate consumer velocity they can program restrictions preventing you from purchasing more than a government mandated allotment of fuel in a single month to meet arbitrary climate benchmarks they can automatically deduct arbitrary fines carbon taxes or administrative fees straight from your wallet without your consent and without due process if you speak out against government policies online they can geofence your digital wallet so that your funds only work within a five mile radius of your primary residence the establishment defenders will scoff and call this alarmist they will say Christian nobody at the federal reserve is proposing to track your grocery cart I don't care what they are proposing today I care about what the technology permits tomorrow if you build an engine that has the architectural capability to restrict human spending you have handed total control of human society over to the state the history of human governance proves that any power handed to a centralized

33:25authority will eventually be abused to its absolute technical limits let's pause and hammer home an essential point of accuracy because conservative patriots must be armed with exact facts fed now is not a CBDC I have heard political commentators and well-meaning activists get on social media screaming that the launch of fed now was the secret covert activation of the digital dollar when critics misidentify the target they make it effortless for the establishment to dismiss the entire anti CBDC movement as uneducated and conspiratorial let's look at the plumbing fed now is nothing more than an upgraded high speed payment and settlement rail designed for regulated commercial banks and credit it is the federal reserves version of the private clearinghouse systems that move money between banks instantly 24 7 365 instead of making businesses wait three days for an ACH wire to clear over a holiday weekend when your community bank uses fed now you do not open an account with the federal reserve you do not hold digital tokens issued by the central bank you still hold regular

34:30commercial bank deposits you're checking account remains intact fed now is the plumbing that connects private financial institutions project Hamilton was the surveillance architecture project Hamilton was the experimental engine designed to issue manage and settle a retail digital dollar directly to the American public stop firing at the decoy when you attack fed now you are shooting at an interbank settlement rail while the actual surveillance threat the central bank digital currency framework tested in Boston sits quietly waiting for its next opportunity precision matters we defeat the establishment by being smarter more accurate and more relentless than they are by late 2022 the formal partnership between the Boston fed and MIT on project Hamilton drew to a close the technocrats packed up their initial research the open source code was left public on GitHub for developers and foreign central banks to analyze MIT's digital currency initiative continued their work on secondary protocols offline functionality and cryptographic privacy primitives the establishment attempted

35:33to frame the conclusion of project Hamilton as a quiet sunset they wanted the American public to believe the project was over and the idea had been shelved project Hamilton did not end because the central bankers lost interest project Hamilton concluded because phase one was completed they accomplished their primary technical mission they proved that a centralized digital ledger could process high velocity transactions at an industrial scale of nearly two million operations per second they had built the proof of concept they answered the engineering questions what they could not solve inside a computer lab at MIT were the deep unresolved political questions how do you force a free gun owning liberty loving American public to accept a financial leash how do you prevent the total destruction of the private banking sector when depositors flee to the fed during a crisis how do you bypass the United States Constitution and Article 1 section 8 without causing a massive popular

36:34uprising the software developers had finished their work the baton was passed to the political class and that is when the fight exploded out of the shadows of the lab and landed directly onto the floor of the United States Senate by 2023 and into 2024 the political pushback against the CBDC agenda reached a fever pitch patriots across the country were waking up to the threat states began introducing legislation to ban CBDCs from being recognized as legal tender within their borders on Capitol Hill senator bill haggardy along with strong conservative allies in the house stepped into the breach haggardy recognized that the administrative state was quietly preparing the ground for financial surveillance and he began drafting and introducing hard-hitting legislation to build an impenetrable legal wall around the federal reserve haggardy's legislative push targeted the core of the problem stripping the federal reserve of any legal authority to issue test or pilot a

37:36retail central bank digital currency to American citizens without explicit affirmative authorization from both houses of congress this is why the video clip you saw at the top of this broadcast is so critical by the time senator haggardy was confronting regulators this was no longer a theoretical debate about software benchmarks lawmakers were looking at the raw policy trajectory and saying we see what you are doing we see the surveillance machine you are assembling and we are shutting it down before you can deploy it against our citizens the momentum shifted dramatically what the technocrats thought would be a quiet backroom modernization project was dragged into the bright light of populist political debate the American people made their voices heard they would not tolerate the implementation of a Chinese style social credit system disguised as monetary policy throughout that entire window I was actively working the phones and walking the halls in Washington my primary mission was to ensure that policymakers conservative leaders and national security experts understood

38:40the critical distinction between theoretical policy discussions and deployed software architecture I told them do not wait until a banking crisis hits do not wait until the next Silicon Valley bank or signature bank collapses when the legacy media creates mass hysteria and demands a bailout because that is precisely how the administrative state achieves its greatest expansions of power through manufactured panic when a crisis hits congress doesn't have time to deliberate for six months they are handed a thousand page bill written by corporate lobbyists and unelected bureaucrats and they are told that if they do not pass it within 48 hours the entire financial system will implode that was how the patriot act was passed that was how the multi trillion dollar emergency covid spending packages were rammed through and that was precisely how the globalist establishment plan to roll out a central bank digital currency they wanted to wait for the next systemic debt crisis wait for commercial banks to teeter on the brink of insolvency and then present the CBDC as the only

39:43safe guaranteed an instant solution to save the American depositor I told lawmakers you must erect the statutory barriers now you must pass legislation while the waters are calm because if you wait until the storm breaks the technocrats will use the panic to seal the gates under immense political heat from capital hill and relentless scrutiny from independent broadcasts like this one the federal reserve was forced to alter its public posture chairman Jerome Powell had to state repeatedly under oath that the fed had no intention of moving forward with a retail CBDC unilaterally the central bank had to acknowledge that its institutional authority was strictly bound by congress let's trace the timeline of events so you can see the battlefield clearly august 2020 in the middle of national lockdowns the Boston Fed and MIT launch project Hamilton early 2022 working code is compiled and published proving throughput of 1.84 million transactions per

40:44second 2023 to 2024 the populist political counteroffensive ramps up conservative lawmakers introduce hard legislative bans late 2024 the globalist establishment realizes their window to quietly sneak a CBDC past the American public has closed the line had been drawn in the sand the American people in their elected representatives had stood up and said you will not bring this digital penopticon to the United States and then in January of 2025 the political landscape of this nation experienced an earthquake Donald J Trump was inaugurated as the 47th president of the United States within days of walking back into the oval office president trump took a direct aggressive stance against the administrative state's financial surveillance agenda he signed a comprehensive executive order taking aim at the CBDC architecture the directive was unambiguous federal agencies were expressly prohibited from establishing issuing testing or promoting a retail

41:46central bank digital currency ongoing federal initiatives aimed at laying the groundwork for a domestic CBDC were ordered terminated immediately it was a crushing blow to the globalist technocrats in Washington with a single stroke of a pen president trump shut down the administrative pipeline that had been quietly advancing since 2020 but let me deliver a serious unfiltered reality check to every single patriot listening to this show an executive order is not permanent statutory law an executive order is an administrative directive it binds the executive branch today but it can be revoked rewritten or completely dismantled with the stroke of a pen by whoever occupies the oval office four years from now do not drop your guard do not assume the battle has been won while the trump administration slammed the front door shut domestically the international establishment simply shifted its operational theater while america paused at CBDC ambitions the globalists across the Atlantic stepped on the accelerator look at what is happening across the ocean in europe right now

42:51the european union and the european central bank and frank fert doubled down on total centralization i want to be precise with the timeline the digital euro has not yet launched into general public circulation you cannot walk into a bakery in paris a cafe in roam or a shop in berlin today and pay with a retail digital euro what has happened is far more dangerous the european central bank has moved past research and is actively deploying the operational infrastructure they are signing contracts they are onboarding payment infrastructure providers they are integrating commercial banks into the network they are recruiting thousands of retail merchants across the euro zone to participate in real world transactional pilots look at what the euro system has executed this year alone in july the ecb formally selected thirty six major payment providers and institutional banking networks across the euro area these aren't obscure research labs we are talking about the corporate heavy weights of european finance doitia bank in germany bnp paribas and credit agricol in france

43:55bankosan tandaire and bbva in spain in tesosan palo in italy and ing in the netherlands alongside them sit the dominant clearing houses worldline nexy and epi the european payments white at thirty six corporate banking conglomerates line up to build the central banks infrastructure it is institutional self preservation and corporate compliance these massive institutions know that the ecb holds the liquidity tap they know that if they don't integrate the digital euro rails directly into their customer facing applications they will be left out in the cold when the monetary regime shifts the central bank offered them a deal act as the administrative front end manage user compliance handle know your customer verification and collect processing fees while frankfort retains root control over the master ledger the official timeline is locked in the ecb's live operational pilot is scheduled to kick off in the second half of twenty twenty seven and run for twelve months during that pilot they intend to test real world retail payments point of sale

45:00transactions at grocery stores peer-to-peer transfers online checkout systems and offline payments their declared operational target is to be ready for the first formal public issuance of the digital euro in twenty twenty nine why is the european establishment pushing this agenda with such relentless aggression behind their public talk about modernizing payments sits a darker reality the european union is a fractured debt-laden low-growth economic block running a multi trillion dollar welfare regulatory state european technocrats know that their financial system is structurally in solvent they want a central bank digital currency because it provides them with the ultimate tool of macro economic control the ability to bypass commercial banks enforce negative interest rates directly on consumer balances prevent capital flight and dictate consumer spending behavior when their sovereign bond house of cards begins to crumble and make no mistake physical cash is their primary target central bankers claim the digital euro will exist

46:06alongside cash look at what they do not what they say across europe governments have already passed draconian laws capping cash transactions capped at one thousand euros in france one thousand euros in spain with restrictions tightening in italy they dismantle bank branches eliminate ATMs and impose suffocating reporting requirements on anyone who dares to withdraw their own paper money they deliberately throttle access to cash to force the public on to digital payment rails and then they turn around and declare that the market has chosen a cashless society it is a manufactured outcome designed to eliminate the only decentralized monetary escape hatch available to free individuals now look beyond retail payments at what is happening at the super national level project while the public has been focused on domestic payment apps the bank for international settlements in bozzle switzerland has been quietly orchestrating a multi cbdc platform called project embridge alongside the people's bank of china the hong kong monetary authority the bank of tailand

47:10the central bank of the united arab emorates and saudi arabia understand what this project actually represents embridge is a shared distributed ledger platform designed specifically to settle cross border wholesale transactions directly between foreign central banks using tokenized sovereign digital currencies it completely bypasses swift it completely bypasses the western correspondent banking system and most critically it completely bypasses the united states dollar for eight decades if a foreign nation wanted to buy oil from the middle east that transaction had to be settled in us dollars and cleared through financial institutions subject to the jurisdiction of the new york federal reserve and the u.s treasury department that gave america ultimate sanctioning power over global commerce with embridge the u.a.e. and saudi arabia can sell crude oil directly to china settle the transaction and tokenize digital uan or digital durams on a decentralized ledger in under five seconds and washington cannot see the transaction cannot block the settlement

48:12and cannot freeze the assets in mid-twenty twenty four the b is announced that embridge had reached the minimum viable product stage billions in commercial transactions are actively settling over these rails right now while the globalists tell the american public that cbdcs are about consumer convenience they are actively constructing an international plumbing system engineered to dismantle the petrodollar and construct an alternate financial architecture completely outside western if you want to see where this domestic control path inevitably leads look directly at communist china and the digital uon the chinese communist party built the digital uon for one singular purpose total absolute social and economic control in china the digital uon is completely integrated with the state's comprehensive social credit system and ubiquitous facial recognition surveillance apparatus if a chinese citizen criticizes the regime online attends an unapproved church gathering or fails

49:17to pay a state issued fine their digital wallet can be instantly disabled the ccp has openly experimented with putting expiration dates on digital uan balances to force citizens to spend money during economic downturns and program geographic restrictions preventing citizens from spending outside their local province western technocrats will claim that could never happen here look at what happened in canada during the freedom convoy the canadian government invoked emergency powers and directed private banks to immediately freeze the personal bank accounts of peaceful law abiding truckers whose only crime was donating twenty dollars to an unapproved protest if a western nation was willing to weaponize private bank accounts against political dissidents without a trial what in god's name do you think they will do when they control the master ledger of a central bank digital currency now look at the real economic engine driving this entire agenda the catastrophic united

50:17states sovereign debt death spiral the united states national debt has blown past forty trillion dollars we are adding another trillion dollars to the national debt roughly every one hundred days annual interest payments on the national debt have exploded past one trillion dollars a year the federal government is now spending more money servicing the interest on its past debt than it spends on the entire united states military defense budget and who buys that debt historically foreign central banks bought trillions in us treasuries to park their trade surpluses those days are over china has been systematically dumping hundreds of billions in us treasuries rotating that capital directly into physical gold bullion look at what is happening right now in treasury auctions a silent foreign buyer strike when the treasury auctions ten year notes thirty year bonds and two year paper bid to cover ratios are deteriorating foreign central banks and sovereign wealth funds are pulling their bids and when foreign buyers walk away from the auction block the primary dealers the

51:21big wall street banks are forced to step in and absorb the unsolved sovereign paper they are loading up their balance sheets with depreciating federal debt that the free market refuses to buy at current yields this creates a terrifying structural trap if treasury yields surge higher to attract private capital the federal government's interest expense explodes into the stratosphere consuming an unmanageable share of federal tax revenues just to service interest the federal reserve will have only one option they will be forced to abandon the fight against inflation and institute full blown yield curve control the fed will have to step into the primary market become the buyer of last resort for us treasuries and monetize the debt by printing trillions of new fiat reserves out of thin air when a central bank enters yield curve control to fund an insolvent government the purchasing power of the currency enters free fall and that is where the central bank digital currency fits into their endgame when inflation surges when the purchasing power of the fiat

52:24paper dollar collapses they need a system where they can enforce capital controls trapped domestic savings inside the system prevent you from converting your dollars into gold silver or foreign assets and systematically inflate away your wealth to finance their insolvent balance sheet look back at american history to see how the state behaves when its monetary back is against the wall look at april fifth 1933 president franklin rozevelt signed executive order 6102 under the threat of ten years in federal prison the federal government ordered every american citizen to deliver their gold coin gold bullion and gold certificates to the federal reserve once they force the american people to turn in their gold at twenty dollars and sixty seven cents an ounce rozevelt turned around and revalued gold to thirty five dollars an ounce overnight stripping forty one percent of the purchasing power right out of the pockets of every day americans now imagine that executive order executed in the digital age when the debt bomb detonates a future

53:25radical administration will not need to send federal agents door to door to seize your wealth if a central bank digital currency is operational they can execute a forced monetary reset with a single administrative script they can announce that all private bank deposits checking balances and cash are being mandatorally converted into federal reserve digital dollars and with that forced conversion they can implement instant administrative haircuts mandatory wealth stabilization fees negative interest rates applied directly to digital wallet balances to force immediate spending and instant restrictions prohibiting the transfer of digital funds into physical precious metals in nineteen thirty three patriots could still hide gold coins in their floorboards or inside physical safes in a cashless cbdc regime there are no floorboards every single cent exists entirely within the digital enclosure of the state they can execute total confiscation total devaluation and total

54:27financial reorganization without a single shot fired and without leaving a single legal avenue for appeal now let's talk about actionable defense what do you actually do when you see the trap being first and foremost you must establish an allocation to tangible physical hard assets held outside the counterparty risk of the commercial banking system look at what global central banks are doing right now they aren't hoarding paper currency they aren't holding each others unbacked sovereign debt global central banks have been buying physical gold at the fastest most aggressive pace in recorded history why are foreign central banks accumulating physical gold bullion in their sovereign vaults because gold is the ultimate uncancelable non-digital anchor of wealth gold carries zero counterparty liability it cannot be erased in a cyber attack it cannot be frozen on a centralized ledger it cannot be reprogrammed by a central bank algorithm if the central

55:27banks are quietly hedging against the collapse of their own fiat debt regime by accumulating hard why on earth are you leaving 100% of your net worth trapped in commercial bank deposits and electronic claims you need physical gold you need physical silver you need tangible assets held in secure private non bank depositories or directly under your own custody when the digital corral closes physical gold and silver represent your monetary life raft they provide you with real purchasing power that exists completely outside the reach of the administrative state demand that your representatives in congress pass permanent binding federal legislation like the bills introduced by senator bill haggardy permanently stripping the federal reserve and the treasury of the authority to ever issue pilot or test a retail CBDC under any circumstances without a formal roll call vote of congress next time on episode two we are going directly inside the machine we are tearing down the technical

56:32architecture down to the bare metal how a central bank digital wallet actually interacts with your smartphone hardware demand permanent legislation banning a CBDC once and for all protect your family defend your wealth i'm christian briggs this is on the record i'll see you inside the machine in episode two