Article Video - A Bank Update - Monday, June 26, 2023 By Anna Von Reitz

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Article Video - A Bank Update - Monday, June 26, 2023 By Anna Von Reitz

Good morning to all!
TACT is a consultative group and if it is going to consult on issues related to banking and policy for the States, it needs to have actual international bankers involved and it needs to be acting hand-in-hand with the Federation of States, so that one hand knows what the other is doing.

The appropriate role for TACT, when it has the resources, is to help the States set up their own banks; however, because what we are doing has never been done before, it isn't likely that bankers coming in out of the old de facto system will be able to help. Like trying to retrain Bar Attorneys, they have related skills, but they are so inured to doing things in one jurisdiction and according to one system, that they can initially cause more problems than a new recruit with no experience at all.

Our plan is to provide an overall plan and trained personnel who are familiar with the Blue Dot System available in each State, and then as the State Banks come online, "migrate" all the accounts belonging to people and businesses in that State to the State Banks.

We are using Global as a bank incubator for this purpose, so that people aren't stuck waiting for relief for another ten years while all the States to get themselves and their State Banks organized.

This kind of coordination is necessary to: (1) ensure safety and integrity of accounts and accounting systems that have to interact with each other; (2) have competent asset managers and committees established in each State; (3) thoroughly familiarize all bank personnel and state leaders and account holders with this new way of doing things.

Any time you do anything new in an effort to improve or change something that is obviously bad (like the current banking system), people react in fear. It may be bad, but it's familiar. And then, we get instigators who have vested interests in the old system deliberately trying to use that fear to wreck our new system even as it is being born.

And we get other instigators who want to use this fear to excuse their own need to control everything. They may not have any particular malice toward the new system, but they want to control that new system.

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Thank you. ~ Ed