Showing posts with label Digital Tyranny. Show all posts
Showing posts with label Digital Tyranny. Show all posts

Sunday, April 26, 2026

Mein AI: Palantir's Karp Wants Us to Know He Has Big Plans | Tarik Cyril Amar

Once the Nazis were done, quite a few people started scratching their heads. Obviously one thing to baffle any sane observer was the sheer enormity of their crimes, accomplished, moreover, with frenetic, really start-up'ish drive and ambition in a mere twelve years: World War? Check. Genocides? Check. Bad hairstyle? Check.
 
» Subversion, surveillance, and violence. «
 
But then, there also was another puzzle: How could their self-besotted visionary-in-chief, hobby philosopher (with a bent to sinister German stuff), and obviously mentally less than stable wanna-be-genius of a leader have gotten a whole nation of, apparently, reasonably educated people to go along? And not just go along, but go along to the very, very bitter end.
 
That question was all the more disturbing in view of the fact that Adolf Hitler had not been shy about displaying his insanity and extremely bad intentions well before conservative elites installed him in power in 1933. Hitler’s book-length – indeed two-volume – manifesto of German fascism (AKA Nazism) Mein Kampf was published in 1925 and 1926, sold more than 12 million copies and was translated into over a dozen languages.
 
 
And those ready to brave its pathological me-me-me-and-HISTORY narcissism, daft hodge-podge ramblings about the better and the lesser parts of humanity, and brownshirt-bro bombast to read it through could not say that the future Leader had been concealing where he intended to lead Germany and, really, the world. 
  
Indeed, Hitler’s manifesto could have served as an all-alarms-howling, bright-red-lights-flashing-everywhere, get-the-strait-jackets-now warning. The main points of Nazi Germany’s evil to come were all there, laid out in general but with stunning honesty: empire building with industrial-strength brutality, extermination or at least slavery for those considered inferior and superfluous, and last but not least, eternal primacy of one master country – primacy, as we’d say now in American English – to be achieved and maintained by all and any means, because that country – in Hitler’s case Germany – was defined as superior to all others by definition and called upon to lead the world, forever.
 
  » Technofascism pure! «
Karp's Palantir Manifesto; April 18, 2025.
Palantir's 'Technological Republic' is the Mein Kampf of the
digital era. It argues for militarism, thinly-veiled racism and
letting elites run wild. It's a sick man's vision of the future.
 
 
It is one of those bitter ironies of history that Alex Karp, CEO of the very peculiar software company Palantir, who regularly refers to his Jewish family background and what it would have meant for him under the Nazis, has recently released a manifesto that also should serve as a warning to the rest of us. A summary of his longer tract "The Technological Republic" (co-authored with Nicholas Zamiska) – the second volume in the age of mass distraction and attention deficit, so to speak – the twenty-two point X post has provoked a great backlash.
 
Cas Mudde, well-known expert on the far right, has called it "Technofascism pure!(with an exclamation mark in the original). Yanis Varoufakis feels that "if Evil could tweet, this is what it would!(with another exclamation mark). Mudde has also called for a full stop to all cooperation with Palantir by European companies and government agencies. Even Eliot Higgins, founder of Cold-War re-enactment tool and Western information war front Bellingcat has been moved to – mild irony. How daring! (My exclamation mark.)
 
And these are not over-reactions. Karp's Palantir Manifesto really is an astonishingly open self-exploration of a very sick mind’s vision for the future of humanity, arguing, in effect, for an open-ended AI arms race (a big Kaching! for Palantir, by the way), bringing back German and Japanese militarism, racism masked as realism about cultural backwardness (as it happens, also a Nazi "Kulturträger" move, which Karp should have heard about in his German years), and, last but not least, letting our brilliant billionaires and new elites in general off the hook when they mess up, such as with on private islands having fun with a serial child rapist - that sort of thing. How unselfish.
 
Pal
estinian journalists from Gaza discuss the US tech giant Palantir and its role
in the Gaza genocide and its £240m contract in the UK's National Health Service.

It is also painfully, criminally badly written – plus ça change… – in a style that combines mock-Oswald Spengler Götterdämmerung kitsch ("The decadence of a culture or civilization, and indeed its ruling class, will be forgiven only if that culture is capable of delivering economic growth and security for the public.") with sheer non-sequitur inanity (Why, again, can’t we have economic growth and security without any of that "ruling class decadence"?).
 
There are passages that read like young Jordan Peterson – age 15 and on too much diet coke – trying to be deep, really, really deep for the first time: "Those who look to the political arena to nourish their soul and sense of self, who rely too heavily on their internal life finding expression in people they may never meet, will be left disappointed" and "our society has grown too eager to hasten, and is often gleeful at, the demise of its enemies. The vanquishing of an opponent is a moment to pause, not rejoice."
 
The USDA just handed Palantir a $300 million no-bid contract
to consolidate American farm data into a single platform
.
 
After the inimitable practice of America's war idiot-in-chief Don Tzu of Hormuz, Alex and his Palantir friends are giving us their I Ching of the tech dim. Lucky us: So much American primacy and then we get Silicon Valley meta, too!
 
» Palantir never rests. «
 
Yet farcical as Karp's manifesto is, it is, of course, a deadly serious matter. After all, we live in a world where Palantir has already risen to far too much power. Founded as a CIA spin-off after the oh-so-unforeseen terror attacks of 11 September 2001, backed by totally normal Epstein-buddy, "transhumanist," and antichrist-obsessive Peter Thiel, Palantir has grown into a bloody monster, combining, in true fascist style, the logics of efficiency and extermination with its software tools, such as Gotham, Foundry, or Maven, while mass-spying on everything and everyone it can, and systematically embedding itself in international business and government to become – or appear – indispensable.
 

Palantir – named after all-seeing magic stones used by the villains of Tolkien’s Lord of the Rings (again: don’t say you weren’t warned) has already produced so much evil that a short worst-of-the-worst sample must do: The company has officially denied being involved in genocidal Israel’s use of AI to mass-murder Palestinians faster. Curiously enough, Alex Karp has, however, smirkingly admitted the fact in public. Regarding the deployment of Palantir’s targeting software deployment of Palantir's targeting software in the American-Israeli war of aggression against Iran, the company is not even denying it.
The real shift is about control. Once your money becomes fully digital, it's no longer just something you hold—it's something that can be tracked, restricted, conditioned, and limited. Then consider where this leads: carbon tracking, usage caps, and allowances tied to behavior—fuel, energy, travel, consumption. At that point, it's no longer about how much money you have. It's about what you're permitted to do with it.
The biometric prison will be GLOBAL. There are MANY commercials in Russia, just like this one, promoting the biometric track/trace digital ID, digital ruble, UN Agenda 2030/WEF-identical, tech-totalitarian, total-surveillance prison system. 
But Palantir never rests. While deeply and proudly involved in genocidal slaughters and imperialist warfare, it also subverts peacetime societies pervasively. In Britain, for instance, a backlash has set in against the state’s reckless handing over of police powers and extremely sensitive data (for instance, in the spheres of finance and health) to the American CIA-offshoot gone rogue. In Germany, Palantir systems are used for policing in at least three of its federal states, Hesse, North-Rhine Westphalia, and Bavaria. In the US, Palantir has, of course, already so deeply invaded the state that it does not only help it fight its criminal wars abroad but also, for instane, terrorize its migrants and some non-migrants, too, at home.
Indeed, Palantir is so evil that even its own employees are beginning to wonder if they might, actually, be the bad guys. Hint: Yes, you are. And we all know.
 
For the rest of us, that is, almost all of us on this planet afflicted by Silicon Valley: It’s time to believe them when they tell us to our faces that they are coming for us. Palantir is a clear and present danger to humanity. Its CEO is an extremely dangerous maniac, its mission is subversion, surveillance, and violence, and its only Achilles Heel may be that old nemesis of the wicked: hubris. The sort of hubris that makes you display your perverse mind and announce your horrible aims in a manifesto we should all call Alex Karp's Mein AI.
 
Quoted from:
Tarik Cyril Amar (b. 1969) is a German historian and geopolitical analyst focused on twentieth-century Eastern Europe, especially Soviet, Russian, and Ukrainian history. He studied at Oxford, the London School of Economics, and earned a PhD from Princeton (2006). He has taught at Columbia University, led the Center for Urban History in Lviv, and is now Associate Professor at Koç University in Istanbul. 

Saturday, April 4, 2026

On the EU Kill List: German Journalist Hüseyin Doğru and His Family

Hüseyin Doğru, a German citizen and journalist residing in Berlin, is the first and only individual with sole German nationality to be sanctioned by the European Union under its Russia sanctions regime. In an interview on the 'Neutrality Studies' program hosted by Swiss political scientist Pascal Lottaz (living and working in Japan), he provides a detailed update on his situation, which began with his designation on May 20, 2025 under the 17th EU sanctions package. 
 
» Extrajudicial sanctions to alter "non-illegal behavior:" There is no trial, there is no hearing, no prior warning, no opportunity
for defense—just, all of a sudden, all civil liberties, including the right to have a bank account and to free movement,
are gone overnight. And as such, you cannot provide for your children, and the German government can take them
away into “custody.” Human rights are being shattered in Germany; journalists are scared and silenced.
«

The EU Council (comprising 27 foreign ministers) imposed the measures without prior warning, trial, hearing, or opportunity for defense, citing alleged close ties to the Russian state and its "state propaganda operators." The stated rationale links his journalistic coverage of U$raHell's genocide in Gaza, the suppression of pro-Palestinian demonstrations and broader social protests across Europe, and the 2024 Humboldt University occupation in Berlin to the creation of "ethnic discord" among EU citizens and the undermining of EU stability—activities purportedly benefiting Russia exclusively.
Extrajudicial Sanctions and Legal Black Hole
The sanctions are characterized as extrajudicial measures designed, per official EU documentation, to alter “non-illegal behavior” and compel alignment with EU foreign policy interests. They immediately revoked Mr. Doğru’s access to banking services, freedom of movement, and other civil liberties. Although a formal right of appeal to the European Court of Justice exists, practical barriers render it ineffective: frozen assets prevent payment of legal fees, while the German government disclaims responsibility by referring complainants to the EU level, and vice versa, creating a “legal black hole.” Former European Court of Justice judge Ninon Colneric authored an expert report concluding that the sanctions violate fundamental laws of EU member states and operate beyond judicial oversight. Mr. Doğru’s current appeal is pending before the EU General Court in Luxembourg, with a decision anticipated within two to three months; procedural grounds are expected to prevail over substantive legal violations.
 
Punishment without due process: Hüseyin Doğru’s case mirrors the surreal, nightmarish, and
impenetrable legal machinery depicted in Franz Kafka's 1915 "The Trial", in which Josef K.
is subjected to prosecution by an opaque bureaucratic authority for an unknown crime.
 
German Court Ruling and Blocked Payments
A recent ruling by a German local court underscores the interplay between EU and national law. The court declined to compel Mr. Doğru’s bank to process payments from the €506 monthly humanitarian allowance granted by the German authorities, deeming such expenditures non-essential despite their necessity for rent, food, utilities, and support of his family (including two newborns and a nearly seven-year-old child). The judgment explicitly acknowledged foreseeable negative consequences—including potential criminal proceedings for unpaid debts—but classified them as inherent to the sanctions regime, thereby prioritizing EU decisions over German constitutional protections.
Feb
ruary 10, 2026
: German Member of the European Parliament Christine Anderson warns that "under-16" social media bans are just a pretext to link everyone’s online activity to a digital ID. "The EU wants to scan private messages sent from your phone. They say it’s about illegal material online, but in practice it means scanning everything people say. It would inevitably require identifying every user through a digital ID. That is called surveillance. Putting one’s own citizens under surveillance is a practice best known in totalitarian regimes."
In May 2023, MEP Anderson stated: "For God’s sake, stop complying—start rebelling. If you do not resist, they will come after you... The ultimate goal is to transform our societies into totalitarian ones. They seek to strip each and every one of us of our fundamental rights—freedom, democracy, and the rule of law. They want to dismantle all of it... Throughout the entire history of mankind, there has never been a political elite truly concerned with the well-being of ordinary people—and today is no different."
Escalation: Wife’s Accounts Frozen
Recent escalations have intensified the humanitarian crisis. The German sanctions implementation authority (subordinate to the Ministry of Economy) has frozen all of Mr. Doğru’s wife’s bank accounts, notwithstanding her non-sanctioned status. Justification rests on two grounds: (1) the couple’s marriage and shared parenthood, implying Mr. Doğru’s control over her assets; and (2) her assumption of payments for the family car insurance after his policies were cancelled due to sanctions—interpreted as deliberate circumvention. The decision has reduced the household to €506 per month total. Additional provisions in Germany’s January 2026 sanctions implementation law render even humanitarian assistance by friends and neighbors to the children (such as providing nappies or baby food) potentially punishable by up to ten years’ imprisonment. Child protection statutes now theoretically permit state removal of the children on grounds of parental inability to provide for their welfare.
 
»
Germany is pushing for the militarization of Europe, and is very eager to go to war against Russia. 
Whatever we think about Russia, we see that the European economy is being destroyed. « 
 
Precedent, Repression, and Broader Crackdown
Mr. Doğru frames his case as a deliberate precedent-setting test for the internal application of EU sanctions against European citizens and journalists within the bloc. Germany and France are identified as primary drivers, motivated by broader geopolitical objectives including militarization, economic reorientation toward defense industries, and suppression of domestic dissent—particularly criticism of policies related to Palestine and Russia. He notes parallel repressive measures across Europe, including debanking, criminalization of activists, and sanctions against other journalists and figures (e.g., Swiss citizens Nathalie Yamb—in Africa—and Colonel Jacques Baud—in Brussels—and French-Iranian journalist Shahin Hazamy in Paris). Journalistic trade unions to which he belongs (VDA and DJU) have declined to defend him, having previously endorsed pre-sanction defamation campaigns and aligned with the German Foreign Ministry’s stance on "Russian disinformation." This conduct is likened to 1930s Nazi Gleichschaltung (synchronisation) and vorauseilender Gehorsam (anticipatory obedience).
January 9, 2025—that particular moment when unelected EU Commissioner for the Internal Market, Thierry Breton, openly warned people there would be consequences if they didn't vote the way he wanted, basically threatening anyone who dared to go in a different direction. 
The unelected, corrupt, and criminal President of the European Commission, Ursula von der Leyen, announced on April 4, 2026, the launch of the “28th regime EU Inc,” a regulatory framework to digitalize businesses and centralize information, with the sole objective of establishing digital control over Europeans. A fully digitalized society would be very easy to control—what people can and cannot do. If you add digital identification and a digital wallet to that, we are looking at a dystopian and tyrannical future. Shut up. Own nothing. Get your next booster shot. Eat se bugs.
Judicial Limits and Call for Political Action
Legally, Mr. Doğru highlights the limited efficacy of judicial remedies: the European Court of Justice has previously overturned similar sanctions only for the EU Council to re-list individuals under revised pretexts, and member states have disregarded adverse rulings. Future avenues include escalation to the European Court of Justice, followed potentially by the European Court of Human Rights or United Nations mechanisms, though prohibitive costs and lengthy timelines render these inaccessible without external support. He emphasizes that the crisis requires political, not merely judicial, resolution.

» This is elevating fascism to a higher plane. «
Yanis Varoufakis explains why EU sanctions against Hüseyin Doğru are more severe than the repression faced by himself in Germany or Francesca Albanese in the US for speaking out on Palestine.
Mr. Doğru stresses that his case exemplifies a systematic erosion of constitutional safeguards across the EU through foreign-policy instruments. He urges to engage politically—sending protest letters to politicians and trade unions, conducting independent research, and defending free-speech principles consistently—while warning that silence endangers democratic norms for all. Direct financial or material aid to him or his family is inadvisable, as it could trigger further sanctions. He expresses gratitude for cross-ideological support and reiterates his commitment to journalistic integrity despite the personal toll on him and his family.
 

Friday, January 30, 2026

ICE and the Rise of Trump's Meta-Palantir-X Police State | Stew Peters

There are individuals claiming the mantle of patriots, freedom fighters, or "America First" advocates who are actively cheering for ICE (Immigration and Customs Enforcement) and Border Patrol raids within the American interior—cities like Minneapolis, Minnesota. It is worth noting that these operations have demonstrably failed to usher in the promised mass deportations.

 » Testing ground for implementing new technologies. «

We recognized from the outset that these raids are not truly about mass deportations, nor are they designed to remove illegal invaders. If that were the objective, the military would be in charge of the operation. Instead, what we are witnessing is a federal law enforcement maneuver intended to habituate the American public to the presence of heavily armed state agents patrolling neighborhood streets. These operations serve as a testing ground for implementing new technologies—specifically Artificial Intelligence—designed to transform this country into a police state and a surveillance apparatus that would surpass the reach of the Soviet Union's secret police.

This surveillance state is being constructed to facilitate the tracking, policing, and even the extrajudicial killing of American citizens who find themselves in opposition to the government and its financial benefactors. We are now seeing video evidence that confirms our prior warnings. Recently, footage went viral showing Border Patrol agents in Illinois wearing Meta-produced AI glasses. Agents used these devices to photograph protesters, presumably to integrate their images into federal databases and populate their "Palantir" profiles.

» Weapons of choice against the American people. «
 
While Meta publicly claims these glasses lack facial recognition, college students have already modified the exact same hardware to scan the internet and identify individuals instantly. If twenty-year-olds can achieve this, the capabilities available to the engineers at Meta—and by extension, the Department of Homeland Security—are far more profound. Given Mark Zuckerberg’s newfound alignment with Donald Trump, the Meta Ray-Bans worn by federal agents clashing with protesters are capable of much more than simple photography. It appears that Meta, the federal government, and various "Big Tech" AI corporations—including Palantir and X—are utilizing domestic chaos to field-test the very technologies and implementation methods they intend to permanentize. Welcome to the AI surveillance state; it has already arrived.

[...] We are entering a new era because the public is, in many ways, inviting it. We are seeing the rise of federal "robo-cops" equipped with AI sunglasses and mobile devices linked to facial recognition networks, scanning cities as if participating in a simulated urban warfare environment. Their priority is not the deportation of undocumented immigrants—noting that only approximately 350,000 were removed in 2025—but rather the installation of a police state. By fostering a chaotic and dangerous environment, they encourage citizens to plead for more agents and more control. The concept of mass deportation is being used as a rhetorical device to gain public consent for constant surveillance.
 
We have recently learned from a source within Turning Point USA that members of Charlie Kirk’s security team were wearing AI glasses, similar to those used by the DHS, to scan crowds and coordinate with drone swarms and remote-viewing systems. This technology is being utilized to target and eliminate Americans, and the cases of Alex Pretti and Charlie Kirk are merely the beginning. We are witnessing the birth of a system where constant scanning and identification are the weapons of choice against the American people.
 
 
 
See also:
Stew Peters (b. 1980) is a US former bounty hunter who hosts 'The Stew Peters Show,' a platform known for its anti-establishment rhetoric. A polarizing figure in alternative media, he gained prominence for his criticism of the 2020 US election and COVID-19 vaccines, most notably through his film 'Died Suddenly.' 

Tuesday, October 21, 2025

On Gold, EU Capital Controls, CBDCs, Cryptos, and Stocks | Martin Armstrong

The Gold price is driven by geopolitical uncertainty, not peace expectations, with central banks acquiring it for its neutral status against collapsing European sovereign debt. European investors buying gold while leaders escalate Russia tensions create a self-reinforcing fear cycle. This risk has prompted major European institutions to relocate gold reserves to New York and Singapore, anticipating the historical certainty of European capital controls during crises.

Gold's powerful rally is terminal, completing Wave (3) past $4,380 just as Market Vane's Bullish 
Consensus hits a historic extreme of 95, signaling an imminent, major corrective Wave (4).

Evidence of control includes the new mandatory bank account declarations—the initial phase of preventing capital flight. Further anticipated steps include regulating cryptocurrencies and implementing Central Bank Digital Currencies (CBDCs) by January 2026, likely justified by a false flag event. Existing withdrawal limits (e.g., in Spain) confirm the focus on financial control, a practice rooted in historical currency cancellations and asset restrictions during past European crises.

Dow valuation relative to gold now below mid-1960s.

The Socrates model forecasts a panic cycle in 2026 with intensified conflict and Euro stress, marked by a dangerous, unprecedented convergence of the international conflict and civil unrest cycles. This systemic risk is compounded by the destabilizing effect of Europe's large, unsupported migrant population. Economically, interest rates will rise, particularly in Europe, as geopolitical risk increases debt service costs. The unsustainable US debt trajectory confirms the sovereign debt crisis will lead to government failure when debt cannot be rolled over.

Investors are now in a "private wave," prioritizing private assets over government solvency. The primary stock market bubble risk lies in AI stocks, not blue-chip indices used by institutions for large-scale capital parking. Consequently, "smart money" is relocating capital to the United States (equities and real estate). This strategic move anticipates the CBDC's ultimate function: an impenetrable barrier to capital outflows, reflective of Europe's controlling political philosophy.

 
Larry Williams' outlook for gold in Q4 of 2025.

The EU planned to launch the digital euro in October 2025. Now it’s delayed to 2029, officially for “technical reasons,” 
but actually after Trump banned the Fed from issuing digital legal tender, effectively sidelining the ECB too.

See also:
David Hickson (October 20, 2025) - Hurst Cycles Update for S&P 500 and Bitcoin; Fo
cus on Gold

Saturday, August 23, 2025

The Game of Chess, and the Masters of the Board | The Honorable One

Chess can show you how the world is run, who is really in power, and how to break it. There are six types of people who run the modern world. First you need to understand who is at the bottom.
 
 » Someday, someone will return and flip the board. « 
 
Number one, the pawns—the masses. They follow orders, pay taxes, are predictable, and get sacrificed in each game. Without them, there is no game, no power, no state, no Suki system. They are the majority in every game, the foundation of all power, and yet they are too weak to realize it. 

Number two, the rooks—the 20% who do 80% of the work: long hours, efficient, diligent, straight shooters. They are like machines. But they get stuck when routines change, they are not flexible enough, and they are useless on their own. They need number three:

 
» Everyone is afraid of the queen. «  

The knights. For a long time they just sit. Then they leap over walls, surprising everyone. Their paths and creativity are unpredictable. They connect dots no one else connects. They are ahead of the curve and unplug first. They walk into uncharted terrain. But one wrong step, and they fall. 
 
Knights need number four by their side: A good bishop to protect them. He is a quiet planner, the one who can wait. He is patient and prepared with a plan to strike months or years from now. But bishops are nothing compared to number five:

» It's their game. « 
 
The queen can strike anytime, anywhere, in all directions. Everyone is afraid of the queen. Who are the queens of this world? Central Bankers, those who run the Suki agencies, the military—those who can take out anyone anytime anywhere. The rules and laws of pawns, knights, and bishops do not apply to them. 
 
» Families that cannot be named. « 

So why is number six, the king, in power, and not the queen? The king takes small steps in the back rows, unnoticed. Nobody fears him. He holds power through legacy. Queens wield power for decades; kings and their families hold it for centuries. Who are the kings of today's world? The families that cannot be named. They have trillions but don’t appear on Forbes lists. Money does not matter to them—they print it. Everyone plays chess, but they are the ones who provide the board. They decide how many fields the board has and how long the game will be played. 
 
» We are the oil in your dressing, the flour in your bread, the meat on your dinner table. «  
A largely unknown American family dynasty of 14 billionaires traces its fortune to William Wallace Cargill in 1865. The Cargill-MacMillan family business, Cargill Inc., became one of the world's largest private companies. With revenues of $177 billion, it controls 22% of US beef production, and its low public visibility stems from its dominance in the food supply chain, where it and three other firms handle 70–90% of the global grain trade.
 
It's their game, and it is hard to exit. But there is a way: You only win if you don't play. You stop paying, you stop playing. All the game is run by money—consumption, production, access, bureaucracy, taxes. If you stop the money flow, the game stops. Someday, someone who has stopped playing and walked away from the game will return and flip the board: Game over for all the kings and all their Suki helpers. Honor will come.
 
 

 “Suki,” Russian prison slang for traitors and bitches (сука/суки), denotes globalist elites, corporations, and establishment figures—who embody hypocrisy, manipulation, and betrayal. They uphold the “Suki system,” the oppressive order of financial dependency, surveillance, digital control, censorship, and cultural erosion. “The Grim” is the The Honorable One, and the adversary of the Suki. He stands  for growth, reliability, integrity, independence, incorruptibility. He rejects victimhood, consumerism, culture of comfort, indulgence, entitlement, materialism, and resists the Suki system mentally, emotionally, financially and spiritually.
 

See also:
 
了解你的敌人
Know your Enemies.
 

Thursday, July 17, 2025

Trump’s GENIUS Act Sets the Stage for US CBDC | Martin Armstrong

While the world was distracted by the Epstein debacle, legislators introduced the GENUIS Act that would permit the US government to regulate stablecoins. The GENUIS (Guiding and Establishing National Innovation for US Stablecoins Act), primarily sponsored by Senator Bill Hagerty (R-Tennessee), permits the government to oversee, regulate, and define the $250 billion stablecoin market.

Now, stablecoins differ from cryptocurrencies as they are pegged to a stable asset such as a fiat currency or commodity. Cryptocurrencies are allegedly allowed to freely operate on the market based on supply and demand. The GENIUS Act will peg stablecoins to the US dollar and require issuers to maintain a 1:1 reserve ratio in short-term treasuries or cash.

»
I just voted NO on the Rule for the GENIUS Act because it does not include a ban on Central Bank Digital Currency and because Speaker Johnson did not allow us to submit amendments to the GENIUS Act. Americans do not want a government-controlled
 
Issuers holding over $10 billion in outstanding stablecoins will be subject to federal regulation under a newly created oversight agency. These issuers will now be deemed financial institutions and required to meet the traditional banking regulations as well. Stablecoins can no longer pay interest or act as an alternative to bonds. Perhaps most notably, issuers must not meet anti-money-laundering (AML) regulations, which are set to provide the government with unlimited access to payments.
 
So essentially, the government is turning the stablecoin into a digital dollar of sorts. The concern here is that this could delve into digitizing all currency and creating a CBDC. The act specifically provides the government with the authority to “block, freeze, and reject specific or impermissible transactions.” “A permitted payment stablecoin issuer shall be treated as a financial institution [and]…shall be subject to all Federal laws applicable to a financial institution located in the United States including…policies and procedures to block, freeze, and reject specific or impermissible transactions that violate Federal or State laws, rules, or regulations…”

»
 In 1971, we left the gold standard. Today, the groundwork is being laid for a cashless society controlled by digital currency.
You won’t control your money. The government will. This would end freedom altogether. «
Republican Congresswoman Marjorie Taylor Greene, July 17, 2024.
 
This provision is not intended to protect the world against drug smugglers and thieves. This provision is intended to grant government unlimited control over how people spend stablecoins. The government could have easily frozen the accounts of those who refused the COVID-19 vaccination, for example, and the Biden Administration admittedly weaponized existing financial institutions to spy on Conservative Americans through their payment histories.
 
“Stablecoins are the bait and switch for direct-issued government CBDCs,” Bitcoin Magazine editor Mark Goodwin said, “Stablecoins can be programmed. Exactly like how we fear CBDCs will be programmed. They’re exactly the same tokenized mechanism… They can be taken out of your wallet. Your wallet can be blacklisted. A lot of the things that we fear about CBDCs are totally available within the tool set of Stablecoins.”
 
The GENIUS Act has received bipartisan support. Although Republican Hagerty championed the bill, he had bipartisan co-sponsors, including Senators Kirsten Gillibrand (D-NY), Angela Alsobrooks (D-MD), Tim Scott (R-SC), and Cynthia Lummis (R-WY).
 
I warned that governments would NEVER allow any cryptocurrency or stablecoin to compete with their own currency. I long warned that government was merely tolerating these alternative currencies in the past as they posed no real threat. But now the government needs the ability to tax everything to support its perpetual spending. Every digital transaction is traceable. Every digital currency is controllable—the ultimate power grab.
 
One of Donald Trump’s main campaign promises was the prevention of CBDC. The headlines are enraged over his failure to release the Epstein files, but the GENUIS Act is a far deeper betrayal of the American people that has the ability to usher in a new monetary system.
 
 
See also: 
 
了解你的敌人
Know your Enemies.