The deep crisis in governance masked by financial opacity and centralized digital control ambitions, demonstrate how the rise of central bank digital currencies (CBDCs) threaten personal freedoms through programmable and surveilled money.
The current state of U.S. federal financial governance, the risks posed by emergent digital monetary technologies, and the broader implications for personal freedoms highlight systemic issues in government financial management, particularly the lack of transparency and centralized control.
Catherine Austin Fitts explains: The CBDCs (defined as a fully digital form of central bank money with programmable features enabling direct control over transactions) technologies will enable authorities to monitor and control every transaction, enforce conditional usage of money via smart contracts. It also enables authorities to freeze, tax, or restrict individual accounts instantly, as well as impose negative interest rates or direct taxation without legislative oversight.
Central Bank Digital Currency (CBDC) now work as a global control grid. CBDCs are not merely new forms of currency, but tools for total centralized control over financial transactions, programmable money, and thus individual behavior.
Investment banker Catherine Austin Fitts speaks about dangers of central bank digital currencies, and the future of programmable money, digital identity, and infrastructure forming a global control grid in delves into the dangers of central bank digital currencies in a quite recent lecture at Hillsdale College.
She was the assistant secretary of housing under George H. W. Bush. She managed hundreds of billions of dollars in government money and ran a Wall Street investment bank, and she says: “The first thing I want to tell you is we don’t have a financial problem we have a secret governance system that is not transparent and is centralized in control. The problem is not so much with the tools themselves it’s with the secret governance system and how they decide to use it.”
She explains how a global system integrating programmable money is in the roll-out, biometric digital IDs, and physical infrastructure such as data centers and satellites to control financial transactions and identities remotely. It involves currency embedded with rules controlling how, when, and where it can be spent, potentially linked to digital identities. In addition, biometric and cryptographic digital IDs connected to money and infrastructure, enabling precise control over individuals’ financial activities.
Catherine Austin Fitts explains: Her point is that the U.S. does not have a financial problem but a governance problem. Since at least 1998, federal agencies have systematically violated financial management laws, leading to $21 trillion of missing or undocumented funds. The aim is now to get rid of the debt and serve a new system, a new world order in which there will be practically zero private financial freedom. The benefactors of this new wealth transfer – the billionaire class.
Catherine Austin Fitts explains: The U.S. does not have a financial problem but a governance problem. Since at least 1998, federal agencies have systematically violated financial management laws, leading to $21 trillion of missing or undocumented funds.
There is a discrepancy between “official reality” (government narratives) and the true financial state. This gap was evident during crises like the 2008 financial collapse, Fitts explains.
Administrative policies such as Federal Accounting Standards Advisory Board (FASAB) Statement 56 (referred to as FBY 56) allow secretive financial operations, removing transparency and accountability from federal finances.
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Catherine Austin Fitts explains: Central Bank Digital Currency (CBDC) now work as a global control grid. CBDCs – defined as a fully digital form of central bank money with programmable features enabling direct control over transactions – are not merely new forms of currency, but tools for total centralized control over financial transactions, programmable money, and thus individual behavior.
The ability of digital currencies to be programmed with rules controlling how money is spent marks a distinct shift of a centralized New World Order that will control personal behaviour in a way never seen before.
The CBDCs technologies enable authorities to: Monitor and control every transaction, enforce conditional usage of money via smart contracts. It also enables authorities to freeze, tax, or restrict individual accounts instantly, as well as impose negative interest rates or direct taxation without legislative oversight.
The Bank for International Settlements (BIS) in Basel, Switzerland, is coordinating the global rollout of CBDCs, with the Federal Reserve and key central banks as major stakeholders.
Society benefits from illicit financial flows (for example money laundering of $500 billion to $1 trillion annually). However, pushing the metaphorical “red button” to stop such flows risks destabilizing markets, government financing, and personal investments, creating resistance despite the ethical imperative.
The CBDCs system is vastly different from the traditional, capitalist structure that first built the West. While conservative politics emphasized de-centralization, the coming New World Order applies strictly centralized power. The federal government tends toward centralizing power, but effective economic and social solutions require bottom-up, decentralized approaches tailored to local needs.
Sustainable wealth arises from investing in “living equity” — strong families, soil, local food systems, and community enterprises — as opposed to only financial assets.
States have constitutional powers reserved to them that can help resist full centralization. There is a growing movement at the state level to build legal and financial infrastructure to protect financial freedom.
The timeline evolvement show that it was in 1998 that we saw the beginning of now documented $21 trillion missing from federal finances. Systematic violation of financial management laws begins. In 2000, the “Red Button” problem – the reluctance to stop illicit financial flows due to fears of economic and political consequences – was addressed in a speech at Spiritual Frontiers Foundation International. It explored societal reluctance to stop illicit financial flows.
2015 marks the last comprehensive calculation of the missing $21 trillion. Financial disclosures become largely meaningless post this date. In 2018 came the publication of “State of Our Currency” study, which highlighted the waning ability of dollar system to extract subsidies.
In 2019, central bankers met at Jackson Hole on “Going Direct Reset,” the plan to reset the global financial system; coordinated by retired central bankers. In 2020, the COVID-19 pandemic crisis makes it possible for the Fed to inject $5 trillion. The Monetary inflation benefits Wall Street, but shuts down Main Street.
Catherine Austin Fitts explains: In October, 2020, BIS innovation hubs – BIS is an international financial institution owned by central banks, coordinating CBDC development – launch prototypes for CBDCs. BIS, Fed, and global central banks collaborate on digital currency technology. In 2023, the IMF Deputy Managing Director discusses programmability of CBDCs, making clear that CBDCs can enforce targeted social policies and control the use of money.
Fitts argues that culture has always been the foundation of wealth. Wealth fundamentally derives from life —raising strong children, nurturing healthy communities, and fostering family enterprises. Culture integrates the “divine in everyday life” and is essential for healthy governance and financial systems. Wealth has always been generated from life-based assets like family, land, and local enterprises. This is now shifting to a financialized system in which programmable CBDCs will completely shut down financial and personal freedoms.
Fitts recommends spiritual and collective engagement is emphasized as a foundational step to combat the coming age. Review and cleanse personal finances to avoid supporting corrupt or criminal financial entities.
Engage with and support state legislators, local governments, and activist groups focusing on financial freedom, food freedom, and health freedom. Promote and invest in regenerative agriculture, local food systems, and family enterprises to build resilient wealth. Educate oneself on the implications of digital ID and CBDCs, resisting their adoption without constitutional safeguards.
Fitts recommends spiritual and collective engagement is emphasized as a foundational step to combat the coming age. Review and cleanse personal finances to avoid supporting corrupt or criminal financial entities.
Engage with and support state legislators, local governments, and activist groups focusing on financial freedom, food freedom, and health freedom. Promote and invest in regenerative agriculture, local food systems, and family enterprises to build resilient wealth. Building local infrastructure for food, energy, and trade is critical. Educate oneself on the implications of digital ID and CBDCs, resisting their adoption without constitutional safeguards.
Austin Fitts emphasizes the solution to the current state of private billionaire financial control over world assets and governments as the need for decentralized, local action, constitutional enforcement, and cultural resilience. To combat the coming complete loss of financial personal freedoms, reclaiming governance transparency becomes ever more important; supporting national sovereignty, and investing in living systems to safeguard freedom.
Fitts argues that culture has always been the foundation of wealth. Wealth fundamentally derives from life —raising strong children, nurturing healthy communities, and fostering family enterprises. Culture integrates the “divine in everyday life” and is essential for healthy governance and financial systems. Wealth has always been generated from life-based assets like family, land, and local enterprises. This is now shifting to a financialized system in which programmable CBDCs will completely shut down financial and personal freedoms.
Fitts recommends spiritual and collective engagement is emphasized as a foundational step to combat the coming age. Review and cleanse personal finances to avoid supporting corrupt or criminal financial entities.
Engage with and support state legislators, local governments, and activist groups focusing on financial freedom, food freedom, and health freedom. Promote and invest in regenerative agriculture, local food systems, and family enterprises to build resilient wealth. Building local infrastructure for food, energy, and trade is critical. Educate oneself on the implications of digital ID and CBDCs, resisting their adoption without constitutional safeguards.
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