A few minor stories in 2021 are set to become major stories in 2022. From off-guardian.org:
ur first “This Week” of 2022 doesn’t just look back over our shoulders, but forward too. What were the unfinished plotlines of 2021? What minor stories of last year could be major stories of this year?
This week we review what OffG will be on the lookout for in 2022.
1. Programmable digital currency
For the uninitiated, a programmable digital currency is a form of digital currency which can be programmed…I hope that clears up any confusion.
In all seriousness, central banks are researching the possibility of issuing their own digital currencies. These central-bank digital currencies (CBDCs) would be “programmable”, meaning either the bank issuing the currency, or the company paying it out as wages, have direct control over its use.
Banks (or employers) would have the power to set limits on the usage of the money they issue. They could limit how much of it can be spent, where it can be spent and what it can be spent on etc.
We published a long-form article on the possible abuses of such a controlling system of currency last summer. Since that article came out there have been further calls for its introduction, with Estonia and Ukraine both moving towards trialling the system soon, and Japan researching its feasibility.
Definitely a major concern for human freedom, and a major story to keep an eye on 2022.
Posted in Banking, Business, Civil Liberties, Collapse, Currencies, Environment, Government, Medicine, Politics, Propaganda, Science
Tagged Climate hysteria, Covid-19 adverse reactions, Digital currencies
Biden is taking drastic action to shut down the economy citing the dire warnings of the climate alarmists. From James Rickards at dailyreckoning.com:
I try to keep politics out of my economic analyses, and my approach is non-partisan. But sometimes I can’t avoid it because political policies can have significant economic impacts. Today is one of those times.
One of Joe Biden’s first acts as President was to kill construction of the Keystone XL pipeline. This is a pipeline that would bring oil from the tar sands of Alberta, Canada to the Midwest United States. From there it would be moved through other pipelines or refined and distributed to gas stations and industrial users in America.
Biden’s decision was destructive for a long list of reasons.
The immediate impact was to kill about 10,000 high-paying union jobs with benefits in construction, transportation and expert services. The ripple effects were even greater. Once a pipe delivery operation is killed, the trucking company and pipe manufacturer lay off more personnel and those workers stop spending at local restaurants and so on.
But killing the pipeline accomplishes nothing from an environmental standpoint. The decision to end the pipeline is pointless because the oil still moves out of Alberta. In the absence of a pipeline, the oil moves by railroad tanker cars on rail lines owned by Warren Buffett.
Pipelines Are Better for the Environment
It’s just that the railroad uses more energy and has higher CO2 emissions than a pipeline. If you cared about the environment, you’d favor a pipeline over railroads. But opponents don’t really care about the environment, they just want to shut down the oil and gas industries completely.