The Elite have Drunk the "Klaus" Koolaid, what is the SDR (the central banks private currency) & more [Video + detailed written synopsis

Interview starts around 3:45

Detailed Synopsis of what is said:

- Regardless of whether the elite (IMF, World Economic Forum, big hedge fund guys, certain politicians, etc.) are malicious or have "good intentions" the one thing they absolutely want is more power and control. In their mind they are the chosen few who have the capacity to understand what this world needs and how we need to live our lives because we are too stupid to get it. 

- So they MAY want the "best" for society, where they feel that a free market with people left to their own devices will end in catastrophe, and they NEED to step in to save us simpletons from ourselves.

- Of course they also could just be very malicious and sociopaths and it is simply a power grab, and they are not after any sort of Utopia.

- The central planning they are doing is based on Marxism. Marx did not see capitalism as the enemy, he saw it as simply a means to to end. You can't go directly from feudalism to Communism without going through a very long period of capitalism. He admitted the capitalists are very good at being extremely efficient. However he believed that during late stage capitalism they would start to feed on each other and it would eventually lead to a collapse of everything so it was up to the socialists to come in and take the means of production away from the capitalists and improve upon production and improve the standard of living and take everyone into a socialist Utopia.

- They have a lot of excuses for why Communism hasnt worked in the past and why it will be different in the future.

- One thing they believe that will make it different is by having price discovery (they believe Russia and China just wasted resources because people didn't know what the price of things were worth) by having a central bank digital currency.

- All of us would have a bank accout directly with the Federal Reserve (just like any other bank). This will allow them to much more efficiently drive currency into the economy. Right now they can inflate their balance sheet all they want but the banks are the ones that control how much is actually being loaned out to people. 

- Commerical banks right now are limited in what they will loan because they have a motivation to get paid back. When the Federal reserve starts issuing loans directly they will not care if people pay them back because they can just create more money out of thin air. Right now they control base money but the banks control the broad money but soon they will be able to control both.

- Once we all have accounts with the FED they can see all transactions that occur (billions a day). 

- He says that you can read right on their website that they are currently pitching having a microchip implanted in people in order to safely monitor the health of people which would help lower the price of healthcare.

- They believe that with the combination of seeing all transactions that occur, these microchips, and AI technology, they will be able to be just as efficient as a free market capitalist society. But without "the need for free market prices" which is what brought down Soviet Russia.

- They want the global reserve asset to be an "SDR". This is basically the fiat currency of the IMF. It is the world currency that was established a long time ago when they knew that they couldn't peg the dollar to Gold forever. It is an asset that a lot of the Big World players have. They can trade them back and forth between central banks but they can't really be used outside of that right now. Those that control this asset are all the elites mentioned earlier, IMF, Big Hedge Funds, Corporate Ceos, etc. He says it's the people that have drank the "Klaus Koolaid" because the leader of the world economic forum if someone named Klaus Schabb.

- So what do we do with our wealth to prepare?

- If we look at history we can see the net result of central planning in the past is it produces fewer goods and services. Because the FED will not be constrained when loaning money there will end up being much more currency chasing less goods and services. We are seeing a tiny taste of that now but it would become a much much worse. 

- Lending would not be based on a credit score but a social score (because they don't have to worry about getting paid back)

- Everything will be less efficient and there will be supply chain breakdowns.

- This means consumer price inflation (but asset prices like the stock market or housing prices could go down while the cost of everyday items rises like what happened in 1972)

- So put some of your wealth in metals. Possibly speculative assets like Bitcoin if you believe in them, and commodity producers that pay you like rental units or investments that pay dividends when prices like lumber, coal, copper etc. raise.

- Another thing people can do is lock in very long 30 year FIXED rate loan on houses. (Example: If you can lock it in at 3%... And in the future we have inflation and it goes to 10% then you have won and automatic 7%.) You're basically paying back your loan at cheaper devalued dollars.

- They finish up the interview by talking about strategies to make money in the short term by swing trading etc. because although the long-term picture we will see all these commodities raising in the short term they still might be very volitile.