Project Cedar: Inside the Plot to Destroy the U.S. Dollar

 

Sponsored by the New York Federal Reserve, participants in this plan include banking giants like Wells Fargo, Citigroup, HSBC, and Mastercard, just to name a few.

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the criminal bank HSBC - CHINESE BANKSTERS TO THE WORLD'S BIGGEST CRIMINALS INCLUDING THE MEXICAN DRUG CARTELS.

no one has served the banksters more than hillary and billary clinton and the bankster regime of obama, eric holder and 'credit card' joe biden - all parasite gamer lawyers!

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Project Cedar: Inside the Plot to Destroy the U.S. Dollar

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PARADIGM PRESS (SPONSORED)

7 Dec 20220

2:36

The following content is sponsored by Paradigm Press.

On November 15, 2022, several of the world’s biggest banks agreed to a shocking new plan — one that could lead to a complete overthrow of the U.S. dollar as we know it.

Sponsored by the New York Federal Reserve, participants in this plan include banking giants like Wells Fargo, Citigroup, HSBC, and Mastercard, just to name a few.

The pilot program — dubbed “Project Cedar” — would convert regular U.S. dollars into a brand-new type of dollar, which could have massive implications for all American citizens.

But “Project Cedar” is just the second step in a complete overhaul of the U.S. banking system.

The first step was announced on March 9, 2022, when President Biden signed Executive Order 14067.

This Executive Order gave legal provisions for this new U.S. dollar and could give the U.S. government unprecedented control over your money and freedom.

In fact, it could even pave the way for things like:

• Legal government surveillance of all U.S. citizens
• Total control over your bank accounts and purchases
• And the ability to silence all dissenting voices for good

“I’ve been warning about this for months,” says renowned macroeconomist Jim Rickards.

“Now with the launch of ‘Project Cedar’, the wheels are fully in motion — and I don’t believe anything can stop it.”

Mr. Rickards is one of the world’s foremost financial experts and has been a respected advisor to the CIA, the Pentagon, and multiple U.S. presidents.

The way he sees it, this is the start of a sinister new plot against everyday Americans.

“We’re in for a major upheaval of the U.S. dollar,” he says.

“In fact, I predict the 3rd Great Dollar Earthquake has already started…

“The first was Roosevelt confiscating private gold in 1934…

“The second was Nixon abandoning the gold standard in 1971…

“Now,” he says, “This plan could pave the way for ‘retiring’ the U.S. dollar — and replacing it with a disturbing new alternative.”

In his critical new presentation, he reveals the shocking truth about this new threat to the U.S. dollar…

And why every single American citizen needs to know about it.

Click here to watch this urgent new presentation from Jim Rickards now.

US Banks Warn of Recession as Inflation Takes Toll on Consumers, Stocks Plummet

Reuters • 

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By Saeed Azhar and Noor Zainab Hussain

NEW YORK (Reuters)—The biggest U.S. banks are bracing for a worsening economy next year as inflation threatens consumer demand, according to executives Tuesday.

JPMorgan Chase & Co Chief Executive Jamie Dimon told CNBC that consumers and companies are in good shape, but noted that may not last much longer as the economy slows down and inflation erodes consumer spending power.

"Those things might very well derail the economy and cause this mild to hard recession that people are worried about," he said.

Consumers have $1.5 trillion in excess savings from pandemic stimulus programs, but it may run out some time in mid-2023, he told CNBC. Dimon also said the Federal Reserve may pause for three to six months after raising benchmark interest rates to 5%, but that may "not be sufficient" to curb high inflation.

The U.S. central bank last month raised rates by 75 basis points during its fourth consecutive meeting to 3.75%-4%, but it also signaled hopes to shift to smaller hikes as soon at its next meeting.

Major banks' shares fell sharply on the day after a lineup of top bankers outlined the risks for the economy. Bank of America slid more than 4%; Goldman Sachs Group Inc and Morgan Stanley each fell more than 2% and Citigroup Inc slid more than 1%.

Bank of America CEO Brian Moynihan told investors at a Goldman Sachs financial conference that the bank's research shows "negative growth" in the first part of 2023, but the contraction will be "mild."

The lender's investment-banking fees will probably decline 55% to 60% in the fourth quarter from a year earlier, while trading revenue will likely rise 10% to 15%, Moynihan said.

"Economic growth is slowing," Goldman Sachs CEO David Solomon said at the same conference. "When I talk to our clients, they sound extremely cautious."

In banking, the job market remains "surprisingly tight" and competition for talent is "as tough as ever," he said.

However, some banks are cutting staff. Morgan Stanley has reduced about 2% of its workforce, a source familiar with the company's plans said on Tuesday. The job cuts, first reported by CNBC, affect about 1,600 positions and follow workforce reductions at Goldman and Citigroup.

Elsewhere on Wall Street, the world's largest asset manager BlackRock Inc has frozen hiring except for critical roles, Chief Financial Officer Gary Shedlin said.

"We're trying to be a little more prudent," he said.

(Reporting by Lananh Nguyen and Saeed Azhar in New York and Noor Zainab Hussain in Bengaluru; Additional reporting by Megan Davies and Carolina Mandl; Editing by Richard Chang and Stephen Coates)