Day: February 18, 2023

The Nigerian Central Bank created a digital currency, the eNaira, that flopped because the people refuse to use it. So what they did was “In December, the central bank decided to replace all high-denomination cash bills in the economy” with re-designed bills and gave a short deadline to turn in old bills for new. After the deadline, the old bills were no good anymore.

They did this to enforce the eNaira and partly to curb the severe inflation in Nigeria. Then, the Central Bank didn’t print nearly enough new money to exchange for the old money so when much of the old money could not be turned in before the short deadline, this caused a huge shortage of cash when all the old money still held by the people became worthless.

Now 80% of all Nigerian money is held by financial institutions instead of the people, according to the article, and with the massive cash shortage the citizens are forced to use the eNaira digital currency owned by the Central Bank. Of course, losing all their money and the lack of cash available will cause a lot of businesses to close and a lot of people to starve to death but the government is okay with that.

Russia and Japan are both planning to issue CBDC, Central Bank Digital Currency, this coming April. Japan is a close ally of ours. Okay? When the money is all digital and issued by the government, your very existence is in their hands. They can take away your ability to buy food at a keystroke. To buy anything. Pay for anything. Go anywhere. You become totally owned.

This is why I’m posting this. This and the previous post this morning may be the two most important things going on in the world right now.

Cackling Kamala Harris, a creature formally known as our Vice President, finally said something without sounding stupid when she announced this morning at the Munich Security Conference in Germany that the United States has formally declared Russia guilty of crimes against humanity. Here is her full statement:

“From the starting days of this unprovoked war, we have witnessed Russian forces engage in horrendous atrocities and war crimes. Their actions are an assault on our common values, an attack on our common humanity,” Harris said.

“And let us be clear. Russian forces have pursued a wide spread and systemic attack against a civilian population,” she continued. “Gruesome acts of murder, torture, rape and deportation. Executions, killings, beatings and electrocution. Russian authorities have forcibly deported hundreds of thousands of people from Ukraine to Russia, including children.”

“The United States has formally determined that Russia has committed crimes against humanity,” Harris said.

This is important because now the United States is free to attack Russia without sanctions from the UN. More than that, and this wasn’t mentioned in the article citing this, is that Russia is now put on notice that we are free to enter the war and may do so at any time.

This may not deter Putin, but it should have a profound effect on his generals and admirals, and the civilian population of Russia, none of whom are likely to want to see this war with Ukraine balloon into a war with the United States and all of NATO.

Now we wait to see the results. Will other NATO nations start jumping on board with the US on this? What will be the response in Russia?

I know what the US goal is, it’s to drive out Putin and collapse the Russian economy, and I think this is calculated to make Putin do something drastic and stupid to give the US the desired result.