Basel III 🤔🤔🤔 I have the sneaking suspicion that this is related:
https://twitter.com/s7ephen/status/1669676033652424704
Professor Vighi of Cardiff University explains what was happening in Financial Markets (particularly the Repo market) in the lead-up to "lockdowns". I did a thread on it in May and pulled some clips. entire interview is great but this clip is the thesis https://t.co/2yhiraI1yy
— Stephen A. Ridley (@s7ephen) June 16, 2023
and that this is also related: https://twitter.com/s7ephen/status/1696261713698701555
FedNOW just came online in August… 🤔
— Stephen A. Ridley (@s7ephen) August 28, 2023
it clearly is going to be the network platform for their inevitable CBDC.https://t.co/E9ihaBgLjO pic.twitter.com/vgFGeq2FQ1
And of course: Blackrock’s “Going Direct” reset.
https://twitter.com/s7ephen/status/1653139238538313728
The Blackrock paper he is referring to in this last clip (and throughout the interview) is the "Going Direct" paper here:https://t.co/aEHNYJLs3bhttps://t.co/xOPshXMZxH pic.twitter.com/5ERNuKmELb
— Stephen A. Ridley (@s7ephen) May 1, 2023
The BaseI III writeup from PwC is pretty good.
the BIS is changing a buncha rules, like the amount of cash reserves.
This is how the BIS caused the Japanese economic implosion in the 1980’s
https://twitter.com/s7ephen/status/1649057191939244032
The BIS mandated that all central banks have raise the reserves for lending. Countries that had low reserves had to sell stocks to increase their reserves. This is what happened in Japan causing their economic crash as they scrambled to pull in cash to meet the reserve req's. pic.twitter.com/d9lWj9GjvJ
— Stephen A. Ridley (@s7ephen) April 20, 2023
This is also a similar trick that Nicholas Biddle (the head of the Second “Central Bank” of America) used to artificially cause a Depression to attempt to force President Jackson into submission
https://twitter.com/s7ephen/status/1647347097132253184
When the assassination attempt failed, Biddle forced the economy into a depression using the power of the bank, and blame Jackson. This too didnt work. Jackson he went on to kill the Second Bank Of America's charters. Thus ending the America's second Central Bank pic.twitter.com/vMhdx0V4i1
— Stephen A. Ridley (@s7ephen) April 15, 2023
I don’t know much about this stuff, just what I’ve studied a bit over the last few years….but my guess is this:
They’re going to try to trigger something massively disruptive (like a crash), to implement their next phase of plans (CBDC, Going Direct, et al)