IMF unleashes Unicoin, a new global CBDC intended to enslave the entire planet under a one world digital currency

 FEAR NARRATIVE WARNING - pinch of salt thrown over shoulder. Don't buy the narrative and don't consent. It will make the crazy globalists powerless. Remember you have the power and by complying with the crazies, you are giving them your power. They have none.

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The powers that be are working feverishly to unleash a new central bank-controlled cryptocurrency for the new world order, and one viable contender is the International Monetary Fund’s (IMF) new Unicoin Central Bank Digital Currency (CBDC).

At the recent IMF spring meetings, the globalists unveiled their new “international central bank digital currency” called the Universal Monetary Unit, or UMU. The crypto coin functions just like a CBDC and serves as a legal and global money commodity.

“The purpose of this particular iteration of a CBDCs is to make sure banking regulations are enforced, as well as to protect ‘the financial integrity of the international banking system,'” reported Reclaim the Net.

Banks can use Unicoin via SWIFT codes and bank accounts that are linked to a UMU digital wallet. This will facilitate digital cross-border payments modeled after the existing SWIFT system, and the IMF says it will allow for the best wholesale exchange rates of settlement currencies along with real-time settlement “while bypassing the correspondent banking system.”...<<<Read More>>>...

Silicon Valley Bank has now collapsed, and 95% of deposits were uninsured

  Silicon Valley Bank, a commercial bank that prefers to cater to Big Tech companies and Silicon Valley startups, is on the verge of collapse. Its stocks have plunged amid a cash burn, and investors are now advising tech firms to pull all of their money out before it’s too late. (UPDATE: The bank has now collapsed and has been taken over by California regulators. A reported 95% of deposits were not insured by FDIC.)

The bank’s stocks plunged by 60 percent on Thursday, March 9, after announcing that it was issuing an additional $2.25 billion of shares to bolster its capital position following a significant loss on its investment portfolio.

The share sale will come in three parts. The first, amounting to $1.25 billion, will be in the form of common stock and will be offered to investors. The second, amounting to $500 million, will be in the form of convertible preferred shares. The last, another $500 million, will go directly to private equity firm General Atlantic.

Silicon Valley Bank noted that it needs this $2.25 billion in additional funding to shore up its balance sheet, as it needs to plug a $1.8 billion hole caused by the sale of a $21 billion loss-making bond portfolio, consisting mostly of United States Treasury Securities. The bank’s portfolio was yielding an annual average 1.79 percent return, far below the current 10-year Treasuries yield of around 3.9 percent.

The massive sale has spooked investors, notably venture capital firms whose portfolio companies do business with Silicon Valley Bank. They are worried that the attempt to raise over $2 billion in capital might not be enough to keep the bank in the green....<<<Read More>>>....