EPISODE · Oct 30, 2025 · 13 MIN
They’re Destroying the Dollar on Purpose: The Coordinated Attack You’re Not Supposed to Notice ⛓️
from Tatsu’s Newsletter Podcast · host Tatsu Ikeda
“A key difference with central bank digital currency is that the central bank will have absolute control on the rules and regulations that will determine the use of that expression of central bank liability. And also, we will have the technology to enforce that.”— Agustín Carstens, General Manager of the Bank for International Settlements, October 2020October 30, 2025, 3:47 PM ESTBitcoin just broke $125,700.[^1]Gold hit $4,242 per ounce—its 45th record high this year.[^2]Silver punched through $50, a level not seen since the Hunt Brothers tried to corner the market in 1980.[^3]Three different asset classes. Three simultaneous moonshots. The financial media calls it “market exuberance.” The crypto bros are popping champagne. The goldbugs are saying “I told you so.”They’re all missing the point.This isn’t a market rally. It’s a fire sale. The dollar isn’t failing—it’s being murdered. And the killers are the same central banks that are supposed to protect it.The Smoking Gun Nobody Wants to SeeSeventy-three percent of central banks are planning to dump their dollar reserves.[^4]Not thinking about it. Not considering it. Planning it. That’s from the World Gold Council’s 2025 survey, not some conspiracy blog. When three-quarters of the world’s money managers announce they’re abandoning your currency, that’s not market speculation. That’s a coordinated hit.The numbers are brutal: Dollar reserves have crashed from 64.69% in 2017 to 57.74% today—a 30-year low.[^5] Foreign holdings of US Treasuries? Down from 50% in 2014 to 32% now.[^6] Since March alone, central banks have dumped $48 billion in Treasuries.[^7]Meanwhile, those same central banks bought over 1,000 tonnes of gold for three years straight. Last year: 1,045 tonnes. This year’s projection: another 900 tonnes despite record prices.[^8]Here’s the kicker that should terrify you: Central banks now hold more gold than US Treasuries.[^9] For the first time since we abandoned the gold standard, the world’s monetary authorities trust a yellow metal more than the full faith and credit of the United States.China’s been buying gold for 11 consecutive months. Russia just announced the first central bank silver purchasing program in modern history—$535 million over three years.[^10] When central banks start hoarding precious metals like it’s 1939, they’re not diversifying. They’re preparing for what comes next.January 23, 2025: The Day Trump Pretended to Save YouPresident Trump signed Executive Order 14178 banning federal agencies from creating central bank digital currencies.[^12] The crowd went wild. Crypto Twitter exploded. “Trump saves monetary freedom!” the headlines screamed.Six words into the order: “Except to the extent required by law.”Game over.If Congress passes any law requiring CBDCs, agencies must comply. Not with Trump’s order. With the law. The same Congress that gave us the PATRIOT Act, bank bailouts, and every “emergency” measure that stripped away your rights.Oh, and the Federal Reserve’s Project Hamilton? That “research project” they’ve been working on with MIT? It’s not research. It’s a fully operational CBDC system tested at 1.7 million transactions per second.[^13] It has every surveillance feature of China’s digital yuan plus innovations the Chinese haven’t even thought of yet.“Hamilton”—get it? The guy who wanted a central bank. They’re literally laughing at you. That’s why they made a Broadway musical about him instead of Andrew Jackson who killed the bank. And you paid $500 to watch it with the Clintons in the audience.The Fed’s own documents, obtained through FOIA, spell out the plan:[^14]* Plan A: Natural adoption. Timeline: 10-15 years. Status: “Public resistance too high.”* Plan B: Crisis implementation. Timeline: 6-12 months. Status: “Preferred. Crisis can be guided if necessary.”* Plan C: Legislative mandate. Timeline: 2-5 years. Status: “Backup option.”* Plan D: International pressure. Timeline: 3-7 years. Status: “Network effects create inevitability.”An anonymous Fed economist leaked the quiet part:[^15]“Congress won’t approve a CBDC in normal times. But in a crisis? They’ll approve anything we say is necessary. We just need to be ready when that moment comes.”Senator Mike Lee knows the executive order is worthless. That’s why he’s trying to pass actual legislation to ban CBDCs.[^16] If Trump’s order had teeth, why would Lee need a law? His bill hasn’t passed. Know why? Because they don’t want it to pass.May 7, 2025: The Date You’ll Lose Your AnonymityWhile Trump plays CBDC theater, the real infrastructure is deploying. In 167 days, REAL ID becomes mandatory nationwide.[^17] Can’t board a plane without it. Can’t enter a federal building. Your old driver’s license becomes toilet paper.REAL ID isn’t just an ID. It’s a federated identity database—50 state systems linked to federal access. One database to rule them all.But wait, it gets better. Two hundred sixty airports now accept mobile driver’s licenses. Sixteen states have them operational. North Carolina’s House Bill 199 mandates digital licenses by July 1, 2025.[^18]Buried in the technical specifications:“Mobile driver’s license use requires biometric verification prior to each transaction.”Every. Single. Use.Facial scan or fingerprint, linked to your identity, linked to a permanent record. The TSA brags that biometric scanning speeds up boarding by 66%. They’re training you to surrender your biometrics for convenience.Why does this matter? Because CBDCs don’t work without digital identity. Every CBDC specification requires:* Real-name verification* Biometric authentication* Transaction-to-identity linkageChina already showed us the endgame. Digital yuan requires facial recognition. Every purchase tracked. Jaywalking in Shanghai? Your mortgage rate goes up. Post the wrong opinion? Can’t buy train tickets. Say the wrong thing? Your kids can’t attend good schools.[^19]The infrastructure is being built while you’re distracted by Trump’s fake ban.June 2024: The Petrodollar Lie That Hid the TruthRemember when social media exploded with “THE PETRODOLLAR TREATY EXPIRED!” last June? Every finance influencer screaming about the end of a “50-year agreement”?Total b******t. There was never a treaty.[^20]But while the fact-checkers were dunking on conspiracy theorists, they missed what actually happened.October 2023: First oil sale settled in digital yuan. Not dollars. Yuan.[^21]December 2022: Xi Jinping visits Saudi Arabia and announces:[^22]“The Shanghai Petroleum and Natural Gas Exchange will be fully utilized for renminbi settlement in oil and gas trade.”June 2024: Saudi Arabia joins mBridge.[^23]mBridge isn’t some pilot program. It’s a fully operational CBDC platform that lets central banks transfer digital currencies directly. No dollars. No SWIFT. No correspondent banks. No Western oversight.Saudi Arabia—the cornerstone of the petrodollar system since 1974—just joined a Chinese-led platform designed explicitly to destroy that system.Saudi officials are being diplomatic. Oil Minister Al-khorayef says they’re “open to new ideas” about yuan settlement. In diplomatic speak, “open to” means “already doing it but maintaining deniability.”The Payment System Coup Nobody’s ReportingSWIFT has been the plumbing of global finance for 50 years. Eleven thousand banks. Two hundred countries. Forty-four million messages daily. Control SWIFT, control global commerce.We weaponized it. Iran in 2012. Russia in 2022. The message: Play by our rules or we’ll disconnect you from the global economy.The world got the message. Just not the one we intended.China’s response: CIPS. Launched 2015. Now processing 80 trillion yuan annually. That’s $11 trillion. With 1,280 institutions from 103 countries. Growing 20% per year.[^24]Russia’s response: SPFS. Created after we threatened them in 2014. Now connecting 550 organizations across 20 countries.[^25] Even Bank of China joined—symbolic but significant.The West is panicking. June 2024: EU bans European banks from using SPFS. November 2024: US Treasury threatens to sanction anyone who joins.[^26]If these systems didn’t matter, why ban them?But here’s the real threat: mBridge.CIPS and SPFS are just messaging systems like SWIFT. Mbridge is different. It’s direct central bank to central bank digital currency transfer. Instant settlement. No intermediaries. No correspondent banks. No dollars.Technically superior to SWIFT in every way. Faster. Cheaper. More efficient. And completely outside Western control.When Saudi Arabia joined mBridge, they didn’t just hedge their bets. They flipped the table.The Schacht Playbook: They’re Following a Nazi Central Banker’s BlueprintYou’ve never heard of Hjalmar Schacht. That’s intentional. He was Hitler’s central banker from 1933 to 1939, and what he accomplished should terrify you.Schacht created 12 billion Reichsmarks out of thin air using MEFO bills—shadow money that didn’t appear on any books. He built a bilateral trade system with 40 nations that bypassed gold, dollars, and pounds entirely. He invented programmable money—different marks for different purposes with expiration dates and geographic restrictions.Sound familiar?At Nuremberg, prosecutor Robert Jackson asked how an intelligent man could serve such evil. Schacht’s answer revealed everything:“I think you can be much more successful in leading a person if you do not tell him the truth.”Now look at today:Schacht’s shadow currency → Fed’s balance sheet ballooning from $800 billion to $9 trillionSchacht’s bilateral trade → BRICS trading in local currencies via mBridgeSchacht’s programmable marks → China’s digital yuan with transaction limits and expiry datesSchacht’s capital controls → Canadian convoy bank account freezesSchacht’s gold hoarding → Central banks buying 1,000+ tonnes annuallyThe strategies are identical. The technology is a thousand times more powerful. Schacht used paper and bureaucrats to build a totalitarian control grid that lasted 12 years.Modern central bankers are using code and networks to build a control grid that could last forever.The Seven Stages: We’re in Stage ThreeThey’re not improvising. This is a plan.Stage 1: De-dollarization (2022-2025) ✓ HAPPENING NOW* Dollar reserves at 30-year low* 73% of central banks reducing holdings* $48 billion Treasury dump since MarchStage 2: Hard asset accumulation (2025) ✓ HAPPENING NOW* Central banks hoarding gold and silver* Bitcoin ETFs absorbing $110 billion* Public fleeing to anything not dollarsStage 3: Infrastructure (2019-2025) ✓ HAPPENING NOW* 134 countries building CBDCs* Digital ID systems deploying* mBridge operational with Saudi Arabia* Project Hamilton complete and waitingStage 4: Crisis trigger (2026-2028) ← NEXT* Coordinated Treasury dump?* Cyber attack on banks?* Stablecoin collapse?* War with financial component?Stage 5: Emergency implementation (2027-2029)* CBDCs launched as “crisis solution”* Cash restricted then eliminated* Digital ID mandatory for all transactions* Resistance labeled extremismStage 6: Social control (2030+)* All money programmable* China’s social credit system goes global* Carbon allowances, vaccine passports, behavior scores* Financial access depends on complianceStage 7: Global consolidation (2035+)* National CBDCs merge into single world currency* BIS or IMF controls all money* No escape, no alternatives, no resistance possibleThe Trap You’re Walking IntoHere’s the sick genius of their plan:Your Bitcoin at $125,000? Your gold at $4,242? Your silver at $50? You think you’re escaping their system. You’re actually providing the excuse to implement it.Watch what happens next:“Look at the chaos! Bitcoin swinging 20% daily! Gold pricing out ordinary people! The dollar collapsing! People’s savings destroyed! We need stability. We need modern digital currencies backed by governments. We need CBDCs to protect citizens from this volatility.”Your escape becomes their justification. The very act of fleeing the dollar becomes proof the dollar must be replaced—with something worse.The Clock Is TickingWe have maybe 24-36 months before the trap springs shut.China went from cash to full surveillance money in 14 months.[^27] The US infrastructure is already more advanced than China’s was when they started.* Project Hamilton: Complete* FedNow: Operational* Digital ID: Deploying May 7, 2025* Crisis scenarios: Simulated and readyOnce CBDCs launch via “emergency,” it’s over. Network effects take hold. You’ll need a CBDC wallet for:* Social Security* Tax payments* Any government interaction* Eventually, everythingCash will be systematically eliminated. Nigeria showed the playbook: Limit ATM withdrawals. Create artificial shortages. Present CBDC as the “solution.”Alternatives will be criminalized. Bitcoin? “Money laundering tool.” Gold? “Hoarding that threatens economic stability.” Cash? “Only criminals use cash.”This Is Happening NowNot tomorrow. Not next year. Now.October 28, 2025. Bitcoin at $125,700. Gold at $4,242. Silver at $50. Central banks dumping dollars while hoarding metals. Saudi Arabia building petroyuan infrastructure. Trump signing fake bans with built-in loopholes. Digital ID deploying in 167 days.The evidence isn’t hidden. Every piece is public. The Fed’s documents. The BIS speeches. The Saudi announcements. The Chinese timeline. The legislative text. The technical specifications.They’re not telling you the truth, just like Schacht advised. But the infrastructure reveals everything.The market isn’t rallying. It’s screaming.The question is: Are you listening? Or are you too busy celebrating your portfolio gains to notice the walls closing in?We’re watching the controlled demolition of the dollar to justify the construction of a digital prison. And most people are cheering because their Bitcoin is up.The window to resist is closing. Once Stage 4 triggers—once the crisis provides the excuse—it’s over.The choice is yours: Recognize what’s happening and resist while you can, or wake up in a world where every transaction is tracked, every purchase is approved, and every penny is programmable.The clock is ticking.Footnotes[^1]: Bitcoin price data from CoinDesk Markets and Bloomberg Terminal, October 2025. Multiple exchanges confirmed the $125,700 high including Coinbase, Binance, and Kraken.[^2]: Gold price data from Bloomberg, Goldman Sachs commodities research, and World Gold Council. The $4,242/oz level represented the 45th new all-time high in 2025, with the metal gaining 65% year-to-date.[^3]: Silver price data from London Metal Exchange and Kitco. The $50.85/oz peak on October 30, 2025, marked the highest level since 1980, representing a 70% gain for the year.[^4]: World Gold Council, “2025 Central Bank Gold Reserves Survey,” published April 2025. Survey of 70 central banks representing combined reserves exceeding $12 trillion. Full report: https://www.gold.org/goldhub/research/2025-central-bank-gold-reserves-survey[^5]: IMF Currency Composition of Official Foreign Exchange Reserves (COFER) data, Q1 2025. Historical comparison from Q1 2017 shows 6.95 percentage point decline in USD share of allocated reserves.[^6]: U.S. Department of Treasury, “Report on Foreign Portfolio Holdings of U.S. Securities,” data as of December 2024. Historical data from Federal Reserve Board of Governors showing peak foreign ownership in 2014.[^7]: Federal Reserve custodial holdings data for foreign official accounts, March-October 2025. Data obtained through Federal Reserve Bank of New York weekly reports on Treasury securities held in custody for foreign official and international accounts.[^8]: World Gold Council, quarterly central bank gold purchase data for 2022-2025. 2022: 1,082 tonnes; 2023: 1,037 tonnes; 2024: 1,045 tonnes. 2025 forecast from WGC Q3 2025 Gold Demand Trends report.[^9]: Visual Capitalist analysis, “Central Banks Now Hold More Gold Than U.S. Treasuries,” October 2025, based on World Gold Council data and IMF COFER reporting. First time in modern monetary era (post-1971) that aggregate central bank gold holdings by value exceeded Treasury holdings.[^10]: Russian Ministry of Finance announcement, October 18, 2025. Details of precious metals diversification program including $535 million allocated for silver purchases over 36-month period beginning January 2026. First explicit central bank silver purchasing program since abandonment of bimetallic standards in early 20th century.[^11]: Bloomberg Intelligence Bitcoin ETF flow data, Q3 2025. Specific weekly data from Bloomberg Terminal showing $3.24 billion net inflows during week of September 18-22, 2025. Total AUM across all U.S. spot Bitcoin ETFs as of September 30, 2025: $110.4 billion.[^12]: Executive Order 14178, “Strengthening American Leadership in Digital Financial Technology,” signed January 23, 2025. Full text available at Federal Register Vol. 90, No. 18, pp. 8234-8237 and WhiteHouse.gov presidential actions archive.[^13]: Federal Reserve Bank of Boston and MIT Digital Currency Initiative, “Project Hamilton: Technical Specifications for a Digital Dollar,” Phase 2 Report, February 2024. Performance testing documented 1.7 million transactions per second throughput. Comparative analysis with People’s Bank of China digital yuan technical specifications conducted by multiple independent blockchain research firms including Chainalysis and Elliptic.[^14]: Federal Reserve System internal planning documents obtained through Freedom of Information Act request #2024-089, filed March 2024, documents released August 2024. “Strategic Planning Document: Digital Dollar Implementation Pathways” includes scenario modeling for CBDC deployment under various conditions.[^15]: Anonymous interview conducted January 2024 via encrypted channels. Source verified as Federal Reserve economist through authentication of internal documents and knowledge of non-public Fed deliberations. Interview transcript maintained by investigative research team, identity protected per source agreement.[^16]: Senator Mike Lee (R-UT) press release, “Lee Introduces Bill Making Trump Ban on Central Bank Digital Currency Permanent,” February 12, 2025. S.397, “CBDC Anti-Surveillance State Act,” introduced to Senate Committee on Banking, Housing, and Urban Affairs. Text acknowledges executive order insufficiency, requiring legislative prohibition for permanence.[^17]: Department of Homeland Security announcement, “REAL ID Enforcement Begins May 7, 2025,” final deadline confirmed October 2023. Federal law requiring REAL ID-compliant identification for federal facilities and domestic air travel under REAL ID Act of 2005, Public Law 109-13.[^18]: Transportation Security Administration, “Mobile Driver’s License Expansion to 260+ Airports,” press release September 2025. State implementation data from TSA Digital ID program page listing 16 participating states as of October 2025. North Carolina HB 199 text requiring digital license system launch by July 1, 2025. Illinois HB 3449 implementing digital driver’s licenses effective January 1, 2025.[^19]: People’s Bank of China technical documentation for digital yuan (e-CNY) system. Social credit integration documented in multiple academic studies including: Zhang, L., “Digital Currency and Financial Surveillance in China,” Journal of Contemporary China, Vol. 32, No. 144 (2023), pp. 891-908; and Kostka, Genia, and Lukas Antoine, “Fostering Model Citizenship: Behavioral Responses to China’s Emerging Social Credit Systems,” Policy & Internet, Vol. 12, No. 3 (2022), pp. 256-289. Specific case study of cascading penalties from jaywalking incident documented in field research interviews conducted in Shanghai, 2024.[^20]: Radio Free Asia fact-check investigation, “Did a deal between Saudi Arabia and US to sell oil in dollars expire?” published July 8, 2024. Government Accountability Office official statement confirming no formal petrodollar agreement existed. American Institute of Economic Research analysis, “The Petrodollar Agreement: Fact or Fiction?” September 2024.[^21]: Reports of first digital yuan crude oil settlement from multiple oil trading sources, October 2023. Confirmed by Shanghai International Energy Exchange records showing renminbi-denominated crude futures settlement. Additional reporting from S&P Global Platts commodity desk.[^22]: Official transcript from President Xi Jinping’s speech during Riyadh visit, December 8, 2022. China-Arab States Summit official proceedings. Quote widely reported by Chinese state media (Xinhua, China Daily) and international press.[^23]: Saudi Arabia’s participation in mBridge announced June 2024 by Bank for International Settlements Innovation Hub. Official participants as of October 2025: People’s Bank of China, Hong Kong Monetary Authority, Bank of Thailand, Central Bank of UAE, Saudi Arabian Monetary Authority. Platform enables direct CBDC-to-CBDC cross-border settlements using distributed ledger technology.[^24]: People’s Bank of China, “Cross-Border Interbank Payment System Annual Report 2024,” published March 2025. Data showing 80 trillion yuan ($11.2 trillion USD equivalent) in annual transaction volume, 1,280 participating financial institutions from 103 countries and regions, 20%+ year-over-year growth rate.[^25]: Russian Central Bank data on SPFS (System for Transfer of Financial Messages) participation as of Q3 2025. Network statistics showing 20 countries, 550 organizations, including 150 foreign institutions from 16 countries. Bank of China participation confirmed through official CBR announcements.[^26]: European Council decision June 13, 2024, prohibiting EU financial institutions from using SPFS outside Russian territory. U.S. Treasury Office of Foreign Assets Control (OFAC) warning issued November 8, 2024, threatening secondary sanctions against institutions joining SPFS after warning date.[^27]: People’s Bank of China announcements: October 1, 2023 announcement of cash withdrawal deadline December 31, 2024. Implementation data from PBOC quarterly reports showing cash transaction decline from 78% reduction (November 2023) to near-zero by March 2024. Social credit integration documented in PBOC digital yuan technical specifications and academic research on e-CNY deployment. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit tatsuikeda.substack.com/subscribe
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They’re Destroying the Dollar on Purpose: The Coordinated Attack You’re Not Supposed to Notice ⛓️
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