Why do the elites want to get rid of cash so badly?
Listen to what they say, and read my decoding of it
Just in case you did not know who would dare put up a website titled “globalgovernanceproject.org” it is the G20 organization, which is open about its goal to place everyone on the globe under its control.
My comments are in block quotes.
/https://www.globalgovernanceproject.org/cleaning-up-the-global-financial-system/t-raja-kumar/
The G20 can only build a more equitable world if it addresses the structural weaknesses in financial systems, which fuel crime and threaten the foundations of our economies
The G20 governments can only assure the financial system that benefits them stays intact, despite all their pilfering of it, if they can gain greater control over it.
Otherwise, it is expected to crash, and fairly soon.—Nass
The current global context is deeply challenging, including on the safety and security and financial fronts. More than ever, international bodies should contribute to support and safeguard our economies.
The more authorities and international bodies work with each other to develop complementary and convergent actions, the more our collective efforts will make a difference and, ultimately, strengthen the sustainability of our societies and a global economic recovery.
This ought to be our common goal.
And if any of you leaders don’t go along, you will be blamed for destabilizing the world economy. Do not try and jump ship.
Part of that collaboration needs to focus on tackling illicit finance. According to estimates, at least $2 trillion is laundered every year. The magnitude of illicit profits and the velocity at which billions move across borders are deeply worrying.
The failure to tackle money laundering emboldens criminal activities such as fraud, corruption, human trafficking, environmental crimes and terrorism, which harm society and undermine financial systems globally.
The Financial Action Task Force, through prioritising actions that increase the effectiveness of the fight against dirty money and terrorism financing, strongly contributes to creating safer societies and to driving the Sustainable Development Goals.
The FATF was found 34 years ago and it has accomplished virtually nothing. Less than one percent of illicit flows have been stopped, they say below.
But now they want to place it at the disposal of the Sustainable Development Goals.
Since the FATF’s creation in 1989, its members, including G20 members, have worked to tackle illicit finance, to help ensure financial and economic stability and promote inclusive growth. There has been progress.
Newspaper headlines daily feature stories of successful money laundering convictions. But FATF reports reveal a blunt truth: too few countries are taking effective actions. Less than one percent of global illicit financial flows are seized or confiscated.
This is partly because many countries take a tick-box approach, rather than prioritising tangible and impactful results. This means they remain as vessels and hubs for money laundering.
Crypto regulation needed
The economic downturn, mass adoption of technology, and changes to the way we live and work have created ideal conditions for launderers to expand their operations by taking advantage of struggling businesses and people.
Crypto assets are also increasingly used to bypass the traditional financial system and funnel money offshore.
The FATF set the first global standards for crypto assets and notes that some countries are taking action against the threat. For instance, the crypto mixer Tornado Cash was sanctioned by the United States earlier this year for reportedly laundering more than $7 billion worth of crypto assets.
Crypto does need to be regulated, but this is low-hanging fruit that only exists because governments have refused to regulate—perhaps because of the huge money flows to politicians, political races and “green” policies—see Sam Bankman-Fried and the fall of FTX.
However, the majority of countries, including some G20 members, still do not even have basic anti-money laundering regulations in place to guard against the misuse of the crypto sector.
This is not good enough, particularly as new threats emerge, such as non-fungible tokens and decentralised finance.
The FATF will assist its members in developing prevention and disruption strategies to better tackle cyber-enabled crime, including cyber-enabled fraud and ransomware.
Just like they have been doing…
Tackle illicit shell companies
Another major area of concern is the ongoing failure to tackle money laundering through secretive company ownership. National regulations have failed to come to grips with the issue over the past decade.
That is why the FATF agreed on tougher global beneficial ownership rules earlier this year, to decisively stop criminals from laundering their money through shell companies and other corporate structures.
The new rules require all companies to collect beneficial ownership information and for countries to have a beneficial ownership registry or equivalent system. This will make it easier for investigators to know who really owns and controls a company, and more rapidly link criminals to their money.
These changes are fundamental to global efforts to tackle cross-border crime, including corruption.
Seize dirty cash
Under Singapore’s presidency, the FATF also focuses on supporting national authorities to ramp up the seizure and return of stolen assets. In a joint drive to reinforce and mobilise the international community, the FATF is working closely with INTERPOL and other partners to promote national policies that prioritise asset recovery.
This includes enhancing global cooperation and strengthening law enforcement and judicial networks to share information and evidence quickly.
The G20 can lead in this area by promoting policies that prioritise asset recovery and ensuring law enforcement and other agencies have the capabilities and training necessary to ‘follow the money’ that fuels crime and terrorism.
Homeland Security already defined people who challenge the system as terrorists in February 2022, which I covered previously.
The state of Maine tried to criminalize my speech, but stopped at the door of the courtroom.
No doubt the G20 will attempt to steal the savings of its enemies under the “asset recovery” rubric by labeling them criminals and terrorists.
There is clearly much work to do. Every dollar of criminal proceeds that is not seized can fuel more crime and destroy the lives of victims.
The G20 can achieve progress towards a more equitable world, but only if it addresses the structural weaknesses in financial systems. Together we can remove the incentives that drive criminal activity and clean up the global financial system.
“Structural weaknesses in financial systems” is a hat tip to the fact things could go down, fast, and everyone of the G20 nations needs to stay on board with the global governance plan to avoid the topple, or else—since too much money has been stolen and too much regulation has been lifted for things to stay afloat without significant coming changes.
The digital ID which will morph into a multifunction digital money system as well, will save their bacon. And they achieve it by saying it is for our “health”
And the UN came out with this report on changing the global financial architecture in May 2023
“Similarly, the international tax architecture has not kept pace with a changing world.
While countries ultimately need to rely on national resources to finance investment in their sustainable and equitable development, global tax evasion and avoidance restricts their ability to do so.”
See more here substack.com
Header image: Compare Card Processing
Please Donate Below To Support Our Ongoing Work To Defend The Scientific Method
PRINCIPIA SCIENTIFIC INTERNATIONAL, legally registered in the UK as a company 
incorporated for charitable purposes. Head Office: 27 Old Gloucester Street, London WC1N 3AX.
Trackback from your site.