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Stage 2 of the great reset is now underway and today we will look at how this is impacting Bitcoin and other cryptos.
What is stage 2 of their plan?
While the war in Ukraine is underway, the actions being taken to the financial system in Europe and Russia are not being noticed so well. The changes are happening rapidly which suggests that this has been well planned out in advance. This would align with the confirmed "testing" of CBDCs by the Russian central bank that began in January.
So far Russian banks have been completely liquidated in a matter of days in various countries across Europe. This is despite Sberbank announcing record profits! Transactions and business with Russia, through a Russian Company or Person, is being prohibited, particularly in fiat roubles. Are they preparing to switch to CBDC?
There have been rumors circulating that Russia has already linked up with the Chinese Cross-Border Payment System. But it is not clear if that is also to the newly constructed mCBDC (Multiple CBDC bridge) linking banks in Asia and pioneered by the BIS. This would provide instant currency swaps and avoid the issues of another Central Bank holding Russia's reserves. See the chart below to see the holdings for Russia.
What is very curious about the financial sanctions is the speed at which they have been introduced as though they have been long planned in advance. It is known as part of the great reset, they need to destroy the old before bringing in the new. Is the current financial destruction of Russia now part of that plan to be the second after China to introduce CBDCs?
We can see that we have had some spike in the demand for Bitcoin and cryptos since these measures have taken hold. It seems there is a large demand for hard currency in Russia and this is being filled by Bitcoin as all other exits from Russian fiat are being closed. On local Bitcoin exchanges, there have been differences of up to €5,000 between Russia and European countries.
The economic fallout seems to be very bad, with massive job losses and businesses unable to transact outside of Russia. Those that may accept bitcoin are wary of breaking the sanction laws in the EU and US. There is rapid inflation approaching similar to what we have seen in Turkey. See the 5-day chart below:
The prognosis is that it will get worse as there is talk that the Russian central bank will not be able to defend the rouble because its foreign reserves are held in other central banks.
In a recent report by the European Central Bank, we can see that they are also technically ready to go! This makes sense as they are the most active in closing down Russia's economy in preparation for their own launch. We are now starting to see a huge energy crisis in Europe in what may be "blamed" for the economic collapse and the need to implement a new "system".
What is the likely method of a launch planned for the EU?
Possibly cyberattacks blamed on Russia and then local banks could become bankrupt caused by CBDCs. This shows why the testing of closing the Russian banks was a crucial part of their testing for when they bankrupt the entire system.
What can we do to protect ourselves?
There has been pressure put on the entry and exit points to Crypto. We saw this with the Canadian Trucker Crypto confiscation threat. The best bet is to get your crypto into Defi space, off a centralised exchange, and prepare before the crowd follows and causes the ballooning of value of crypto. If you are in any doubt as to when is the right time to be in crypto, that time is now before the entry and exits get restricted.
Thanks for reading and keep stacking!
