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September 17, 2021 | Creeping Fascism – September 17, 2021

John is author or co-author of five books, including of The Money Bubble, The Collapse of the Dollar and How to Profit From It, Clean Money: Picking Winners in the Green-Tech Boom and How to Profit from the Coming Real Estate Bust. A former Wall Street analyst and featured columnist with, he currently writes for CFA Magazine.

Let’s start with this video clip in which an Alberta, Canada official informs the unvaccinated that they’re no longer allowed to have a cup of coffee with their next-door neighbor.

Creeping fascism September 17 2021

From there, let’s move south to the US, where the Bill of Rights apparently no longer includes freedom of speech:

Elizabeth Warren Demands Amazon Censor Best-Selling Books

Senator Elizabeth Warren is demanding Amazon censor best-selling books because they contain information that challenges the official narrative on coronavirus.

Warren wrote a letter asserting that Amazon was complicit in spreading “COVID-19 misinformation” because it allows people to buy books authored by people like Dr. Joseph Mercola, who has been targeted by the mainstream media as a purveyor of “dangerous” fake news about COVID and vaccines.

“During the week of August 22, 2021, my staff conducted sample searches on of pandemic-related terms such as ‘COVID-19,’ ‘COVID,’ ‘vaccine,’ ‘COVID 19 vaccine,’ and ‘pandemic,’” Sen. Warren wrote in a letter addressed to Amazon’s CEO Andy Jassy. “The top results consistently included highly-ranked and favorably-tagged books based on falsehoods about COVID-19 vaccines and cures.”

Of course, the claim that these are “falsehoods” is a completely arbitrary assertion made by Warren and her staff, with no objective standard of proof required.

And in Los Angeles, the police are putting a modern twist on the “show us your papers” trope by demanding the social media accounts of everyone they meet.

LAPD officers told to collect social media data on every civilian they stop

The Los Angeles police department (LAPD) has directed its officers to collect the social media information of every civilian they interview, including individuals who are not arrested or accused of a crime, according to records shared with the Guardian.

Copies of the “field interview cards” that police complete when they question civilians reveal that LAPD officers are instructed to record a civilian’s Facebook, Instagram, Twitter and other social media accounts, alongside basic biographical information. An internal memo further shows that the police chief, Michel Moore, told employees that it was critical to collect the data for use in “investigations, arrests, and prosecutions”, and warned that supervisors would review cards to ensure they were complete.

Creeping fascism September 17 2021

Now for the big one:

China “Races” To Launch Digital Yuan

A central bank digital currency (CBDC) is a digital version of a country’s paper currency, issued and controlled by the respective central banks, unlike cryptocurrencies such as Bitcoin and others which are decentralized and unregulated. And the interest in CBDCs is on the rise.

Thirteen other countries—including South Korea, Singapore, Saudi Arabia and Sweden—are also piloting a digital currency. And the number of countries exploring the viability of a CBDC shot up from 35 in May 2020 to 81 countries as of July this year, representing over 90% of global gross domestic product, according to the Atlantic Council GeoEconomics Center. Of the regions with the four largest central banks—the United States, Europe, Japan and England—the United States is furthest behind.

China may be racing to issue its digital currency to assert a controlled alternative to decentralized currencies such as Bitcoin, or perhaps it wants to diversify away from a U.S.-dominated currency in a geopolitically tense world. Perhaps it wants to strengthen its surveillance over its citizens through a cashless society and curb money laundering. Whatever the reason, it appears that the Chinese digital yuan is making strides: The Central Bank of China has stated that as the adoption of digital yuan increases, it will gradually replace cash and coins with the digital yuan making it the primary currency.

Let’s consider what a US monetary system dominated by a “digital dollar” might mean.

Total transparency. The Fed (along with the NSA, CIA, IRS, FBI, CDC and probably the local school board) will have a full view of every citizen’s spending, which is to say their entire financial life.

Control over accounts. Goverment agencies will be able to reach into citizens’ accounts to withdraw taxes, fines and other penalties, and, by implication, to just make the account evaporate.

With this kind of financial power comes political control. Not vaccinated? Then your account is docked for the “social cost of your selfish decision.” Planning to attend an anti-war rally? Your bank account shrinks by the cost of the clean-up, with an extra “improper thought” surcharge added for good measure. And so on, forever.

The ability to manipulate money itself. If the government needs people to spend, it can impose a time limit on the value of its digital currency, for instance setting it to lose 10% each month, thus forcing account holders to spend it or lose it. Or it can ban the use of official money for certain purchases, such as guns or plane flights, for those with low social credit scores (already the case in China).

Taken together, these capabilities pretty much end the old fashioned concepts of personal freedom and privacy.

The likely result? Black markets in private transactions (better stack those silver coins while you have the chance) and increasingly violent civil unrest as, to steal Gerald Celente’s turn of phrase, people with nothing left to lose, lose it.

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September 17th, 2021

Posted In: Dollar

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