• February 22, 2024

The Current Battle over the Future “New” Digital Banking System that will Emerge After the Imminent Financial Crash and the “Great Reset”

 The Current Battle over the Future “New” Digital Banking System that will Emerge After the Imminent Financial Crash and the “Great Reset”

by Brian Shilhavy
Editor, Health Impact News

 

I have been reporting on the Big Tech Crash that started in the 4th quarter of 2022, which accelerated after the collapse of FTX. And in the first quarter of 2023, it did look like Big Tech and Silicon Valley would crash the entire banking industry, as Silicon Valley Bank failed after bank runs, and a few other FDIC-insured banks also failed who had large accounts with Big Tech.

But something else happened at the end of 2022 that temporarily saved Big Tech from a total crash in 2023: the release of ChatGPT and the world’s first LLM (Large Language Model) “AI” app.

Almost everyone became enamored with this new app that could take simple search questions and then produce a page of narrative text that made it seem like the computer was talking back to people. It became so popular as the most downloaded app of all time, that Big Tech and Wall Street investors starting literally throwing $BILLIONS into this “new” technology.

This spending on AI is the only thing that kept the stock market and banking system from totally collapsing in 2023.

I wrote multiple warnings throughout 2023 that this was probably the largest stock market bubble of all time, far exceeding the dot-com crash of 2001-2002 that also over-valued tech stocks creating a bubble back then.

And as we have now begun the year 2024, there are signs that the AI bubble may be about to pop, as many hedge fund managers have begun to dump these stocks.

Hedge funds are ditching the Big Tech stocks that ruled the market in 2023, Goldman Sachs says

  • Hedge funds have started to dump mega-cap tech stocks, according to Goldman Sachs.
  • The “Magnificent Seven” ruled the market last year, racking up huge gains that lifted the S&P 500.
  • But they’ve had a rough start to 2024, with investors fretting the group might be overvalued.

Hedge funds are turning away from the mega-cap tech stocks that ruled the market last year, according to Goldman Sachs.

Managers kicked off 2024 by dumping shares in US information technology companies for the third week in a row, the bank said in a note to clients seen by Business Insider, with strategists attributing the sell-off to funds seeking “reduced exposure to mega-cap tech”.

The funds’ overall exposure to info tech stocks is now approaching a five-year low, Goldman Sachs added.

The so-called “Magnificent Seven” group – consisting of AppleMicrosoft, Google owner AlphabetAmazonNvidia, Facebook parent Meta Platforms, and Tesla – rode the AI investing craze to massive gains last year, powering the S&P 500 higher. Nvidia and Meta were the benchmark index’s two best performers, while Tesla’s gains of over 100% earned it a spot in the top 10.

But they’ve had a rough start to 2024, with investors fretting the mega-caps’ quarterly earnings won’t be able to keep up with their lofty valuations. Apple has already shed $100 billion worth of market capitalization, per data from Refinitiv, with iPhone sales in China slumping, while Tesla shares have tumbled 3% since the company was overtaken by BYD as the world’s top EV seller. (Source.)

Big Tech leaders helped fuel this gigantic AI bubble with many apocalyptic warnings about how AI was going to take over the world and have no more use for humanity.

I found it rather ironic and comical that in November of 2023, Elon Musk boldly predicted that AI would replace all jobs run by humans, while just days later Amazon.com announced that they were hiring 1 MILLION people to work on AI.

You can’t make this stuff up!

One of the more interesting news items that followed the collapse of Silicon Valley Bank last year, was that some Silicon Valley private equity firms and venture capitalists made a bid to purchase the failed bank.

And why not? Big Tech has been encroaching into the banking industry for the past few years with their “Fintech” apps to supposedly make banking easier. Why not just buy their own bank?

Not happening, because the banking industry controls the U.S. Government, and they used their government to stop them.

Government Will Likely Only Sell Silicon Valley Bank to Another Bank, Sources Say

The U.S. government will likely only sell Silicon Valley Bank to another bank, people familiar with the matter said, essentially ruling out the private equity firms and venture capitalists that had been exploring making a bid.

The Federal Deposit Insurance Corp. took over SVB, which failed Friday, and is in the process of selling it. A person familiar with the sales process said there is virtually no chance SVB’s bridge bank would be sliced up and parceled out to a private equity firm, and that the goal is to sell what remains of the bank in one piece.

Apollo Global Management had asked several venture capital firms including Andreessen Horowitz and General Catalyst about supporting a potential bid, The Information previously reported. Apollo would have put up the vast majority of the money, but the venture capital firms would have still been expected to contribute a significant chunk of money, largely as a show of support for the new ownership, according to two people with knowledge of the discussions.

Ares Management, Blackstone, Carlyle Group and Kohlberg Kravis Roberts & Co. had also been interested in purchasing part of Silicon Valley Bank, Bloomberg reported.

But those hopes appear to be dashed. The FDIC’s preference is for a current lender to take over the bridge bank, a person familiar with the situation said. Not only does it provide a more streamlined transition for customers, but currently-supervised institutions fulfill a range of regulatory requirements under the Bank Merger Act. (Source.)

And sure enough, the Epstein Beast banking system came in and took it over, led by Epstein’s preferred bank, JPMorgan Chase.

So what does that say about Elon Musk, currently the world’s richest man who says he is going to replace banks with his X (Twitter) platform?

Elon Musk finally confirms X WILL launch payments option this year – in continued drive to turn platform into replacement for banks like Wells Fargo

Elon Musk has confirmed that X, formerly Twitter, will be launching a payments option this year.

The billionaire businessman has previously outlined his ambitions for financial services features on the social media platform – which he wants to replace traditional banks for consumers.

In a blog Tuesday, the company officially announced that it will ‘launch peer-to-peer payments’ in 2024, as part of Musk’s continued drive to turn X into an ‘everything app’.

This move into payments means X will be competing with a whole host of online payment platforms including PayPal, Venmo, Zelle and Apple Pay.

Down the line, Musk’s plan is to turn X into a company that can replace banks like Wells Fargo and Bank of America – a platform not just for making payments, but getting loans and trading shares. (Full article.)

I have no idea what this means, but I have a better guess than the clueless “Conservative Right” who thinks Elon Musk is a great guy who is on their side, promoting “free speech,” and that because of his “free speech values”, he is now being attacked by the government, such as the recent stories about his alleged drug use.

No, I seriously doubt that he is being attacked because of his alleged commitment to “free speech.”

His version of “free speech” on X is to soon start requiring face scans to login to your account, and removing the ability to block people who come to your account who want to disagree and attack you. See:

WARNING! Get Off of Twitter X if You Value Your Privacy! Face Scan Logins and No More Blocking Being Implemented

My guess is that Musk is currently being attacked by Big Business and the Government because he wants to replace the banking system with X.

Do you honestly think that Musk can use his wealth to take down the Central Bank and the Beast Banking system, ruled by the powerful Rothschilds and Rockefellers who rule the “Gentlemen’s Club” (Freemasonry)?

No way! These bankers control the CIA/Mossad, the FBI, the Pentagon, and every other enforcer institution that they can unleash to squash their competition.

More than likely Musk will be invited to the table (he is probably already there) to participate in the “Great Reset” if he behaves himself. If he refuses, they will destroy him.

Musk and Peter Thiel represent the “New Right”, a libertarian movement that comes out of Silicon Valley. They work together to promote certain conservative values, which includes Mormon film producer Jeffrey Harmon, whom they used to fund the film distribution of “Sound of Freedom”, a film that came out last year to direct attention away from the real child sex trafficking run by the Epstein Beast banking system. See:

Why did Big Tech Billionaires Fund the Distribution of Sound of Freedom? The “New Right” Technocrats are Redefining Conservative Politics and Religious Values

It is amazing to me how incredibly naive and ignorant the Conservative Right has become, running to their idols as long as they say the right things, regardless of what they actually do, or how evil they are.

Those of you on the “Right” promoting Musk, have you even read his Wikipedia page to learn just who this guy is according to publicly available information? Here is the section on his “family”:

Musk has 10 surviving children.

He met his first wife, Canadian author Justine Wilson, while attending Queen’s University in Ontario, Canada; they married in 2000.

In 2002, their first child died of sudden infant death syndrome at the age of 10 weeks. After his death, the couple used IVF to continue their family; they had twins in 2004 followed by triplets in 2006.

The couple divorced in 2008 and shared custody. In 2022, the eldest twin officially changed her name to reflect her gender identity as a trans woman and to use Wilson as her last name because she no longer wished to be associated with Musk. Musk blamed the estrangement of his daughter on what the Financial Times characterized as “the supposed takeover of elite schools and universities by neo-Marxists.”

In 2008, Musk began dating English actress Talulah Riley. They married two years later at Dornoch Cathedral in Scotland.

In 2012, the couple divorced, before remarrying the following year. After briefly filing for divorce in 2014, Musk finalized a second divorce from Riley in 2016. Musk then dated Amber Heard for several months in 2017; he had reportedly been pursuing her since 2012.

In 2018, Musk and Canadian musician Grimes revealed that they were dating. Grimes gave birth to their son in May 2020.

According to Musk and Grimes, his name was “X Æ A-12” (/ɛks æʃ eɪ ˈtwɛlv/); however, the name would have violated California regulations as it contained characters that are not in the modern English alphabet, and was then changed to “X Æ A-Xii”.

This drew more confusion, as Æ is not a letter in the modern English alphabet. The child was eventually named X AE A-XII Musk, with “X” as a first name, “AE A-XII” as a middle name, and “Musk” as surname.

In December 2021, Grimes and Musk had a second child, a daughter named Exa Dark Sideræl Musk (nicknamed “Y”), born via surrogacy. Despite the pregnancy, Musk confirmed reports that the couple were “semi-separated” in September 2021; in an interview with Time in December 2021, he said he was single.

In March 2022, Grimes said of her relationship with Musk: “I would probably refer to him as my boyfriend, but we’re very fluid.”

Later that month, Grimes tweeted that she and Musk had broken up again.

In September 2023 it was revealed that the pair had a third child, a son named Techno Mechanicus “Tau” Musk. In October 2023, Grimes sued Musk over parental rights and custody of their eldest son.

In July 2022, Insider published court documents revealing that Musk had had twins with Shivon Zilis, director of operations and special projects at Neuralink, in November 2021.

They were born weeks before Musk and Grimes had their second child via surrogate in December.

The news “raise[d] questions about workplace ethics”, given that Zilis directly reported to Musk.

Also in July 2022, The Wall Street Journal reported that Musk allegedly had an affair with Nicole Shanahan, the wife of Google co-founder Sergey Brin, in 2021, leading to their divorce the following year. Musk denied the report.

Musk has also had a relationship with Australian actress Natasha Bassett, who has been described as “an occasional girlfriend.” (Source: Wikipedia)

Musk is the perfect representation of the modern Christian Family man, don’t you think?

The day will come, if it has not come already (which it most likely already has), where the Freemason hierarchy will approach Musk and make him an offer he cannot refuse.

This is what happened in 2006 when Bill Gates was the richest man in the world at that time, and Warren Buffet took him under his wing and helped fund the Bill and Melinda Gates Foundation, and then they basically bought the World Health Organization (WHO) through their “philanthropy.” See:

Who Owns the World Health Organization and Their Plan to Vaccinate and Digitally Track Every Human Being on the Planet?

Musk has already used his great wealth to purchase his own media mouthpiece to promote “conservative” values, buying the Tucker Carlson show away from Murdoch’s “conservative” Fox News, and hosting his show on the X – Twitter platform.

Again, conservatives are showing their extreme ignorance by treating this guy as a hero for the Conservative Right. Tucker showed his allegiance to the Epstein pedo alliance recently by “interviewing” another associate of Epstein, Kevin Spacey, who claimed he might jump into the Presidential race at the last minute, in one of the most profane and disgusting “interviews” I have ever watched, where Spacey states:

The truth is, I love nothing better on this day than to do a line of blow, drink a whiskey and coke, hit a reindeer with my car, and wish you the naughtiest Christmas ever.

among other gross and vulgar things.

I don’t think Musk’s X has a rating system in place to warn people about video content, because if they did, this “interview” should probably have been rated X according to current media rating standards. See (and watch the video):

Another Epstein Associate Running for the Office of the President of the United States?

So it appears that most on the “Conservative Right” have become so deceived now, that they will cheer the Epstein Beast Banking system, even though we have now been warned by a former Freemason about what is going to happen to your bank accounts when the system crashes. See:

Former Freemason Wall Street Manager Explains How the Banks Will Soon Take Your Money

(Note: If you are wondering why I refer to the Banking System as the “Beast” banking system, read my recent series of articles on the prophecies recorded in the last book of the Bible, Revelation, which refers to “the Beast” that most Christians think refers to the “Anti-Christ”, but is probably better explained as representing the financial system):

The United States and The Beast: A look at Revelation in Light of Current Events Since 2020

One of the heads of the beast seemed to have had a fatal wound (crash of the financial system?), but the fatal wound had been healed (new digital banking system after Great Reset?).

The whole world was astonished and followed the beast. (Revelation 13:3)

He also forced everyone, small and great, rich and poor, free and slave, to receive a mark on his right hand or on his forehead (biometric IDs?), so that no one could buy or sell unless he had the mark, which is the name of the beast or the number of his name.

This calls for wisdom. If anyone has insight, let him calculate the number of the beast, for it is man’s number. His number is 666. (Revelation 13:16-18)

See Also:

Understand the Times We are Currently Living Through

The United States and The Beast: A look at Revelation in Light of Current Events Since 2020

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Editor @Investigator_50