Catherine Austin Fitts – “Stablecoins are Much More Terrifying than CBDCs”
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Catherine Austin Fitts – “Stablecoins are Much More Terrifying than CBDCs”
Catherine Austin Fitts explains to Michelle Makori why Stablecoins Are Much More Terrifying Than CBDC’s.
What is the Main Difference from Venmo vs Stablecoins?
Stablecoins can be “programmable.”
Venmo would work just fine if there wasn’t a nefarious agenda they wanted to fulfill.
Everything is Being Transferred to the Unified Ledger For Programmable Digital Currency.
Catherine Austin Fitts:
"Agustin Carstens -- General manager of the International Bank of Settlements (BIS), which is the Central Bank of Central Banks."
"There are 63 Central Banks that are part of the BIS."
"Agustin Carstens basically explains what they intend to do."
Agustin Carstens - General Manager of the BIS from December 17 to June 2025:
“The key difference with CBDC 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 we will have the technology to enforce that.”
“With cash we don’t know, for example, who is using a 100 dollar bill today and we don’t know who is using a 1000 peso bill today.”
“A key difference with the CBDC 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. Also we will have the technology to enforce that.”
“Whether in wholesale form – as a type of digital central bank reserve – or retail form – as a digital banknote – it is increasingly clear, at least to me, that these new forms of money will sit at the core of the future financial system.”
“Tokenization is a means of recording money and assets in a digital form on a programmable ledger.”
“In practical terms, this means that users could transfer assets directly through programming instructions, rather than through intermediaries such as account managers who act on behalf of the user.”
Catherine Austin Fitts:
“In the United States they are not “officially” going to be using Central Bank Digital Currencies (CBDC’s) but they are going to use Stablecoins and Digital Tokens that are Programmable in the same way.”
“It’s a Public / Private Partnership and it’s much more terrifying that CBDC’s because you have complete NON-ACCOUNTABILITY.”
“If you remember the Twitter Government Model on Censorship, Twitter was saying they were a Private company, we are not the government so we can’t be held to that Standard, meanwhile the government is telling them what to do from behind the scenes but the government says, ‘it’s not us, they are a private company and they can do whatever they want.’”
“So, now we are talking about using Digital Tokens and Stablecoins in a Public-Private Partnership like that, which to me is Much More Frightening.”
“Issuing a Central Bank Digital Currency has Legal Obligations to the Congress, it has Legal Obligations to the Citizens and it can be required to disclose all sorts of information.”
“In the Public / Private Partnerships that are coming to fruition under the Genius Act, the Clarity Act and some of the other arrangements, these Private Parties don’t begin to have the same obligation to the citizens that a Central Bank would.”
“If you look at the Model we are proceeding with in the United States, to me it’s much more frightening that a CBDC.”
Michelle Makori says that Europe is moving ahead with their version of CBDC’s in 2030 and there are 146 countries working on their own versions.
On January 23, 2025, President Trump signed an executive order titled “Strengthening American Leadership in Digital Financial Technology.” One section specifically addressed CBDCs.
The order stated:
“Agencies are hereby prohibited from undertaking any action to establish, issue, or promote CBDCs within the jurisdiction of the United States or abroad.”
Catherine Austin Fitts says to IGNORE this completely, it is just a distraction, it’s smoke and mirrors.
She says “take no comfort in this whatsoever, if anything it is a distraction to make you think you’re safe when you’re NOT.”
The REAL issue is Stablecoins.
What is Programmable Money?
Catherine Austin Fitts:
“So let’s say you and I do a deal with Cash and that’s what I call a TWO-LOCK Transaction.”
“You have cash, you want to buy something I have, we both agree but we both have a lock which means we both can Veto the transaction.”
“The transaction won’t go through unless we both permit our lock to work.”
“A THREE-LOCK Transaction is where you and I are transacting but there’s a THIRD Party who gets that ability to LOCK the transaction.”
“For example, we’ve had Know Your Customer rules, we’ve had Money Laundering rules, we’ve had Sanctions and increasingly Banks are running Software that Checks what the Transaction is, where it comes from, where it goes, and can intercede and put a Lock on the transaction.”
“The Canadian Truckers – that was a Lock by the financial institutions as the Government requested they Freeze Accounts, block accounts, block transactions and some banks did that.”
“This was a Manual Third Block because the blocking required a Human to receive documents, review documents, make sure they were in compliance with the Law and then effect the transaction.”
“In the United States if you wanted to put a Manual Lock, it is a lot of work as we have thousands of Banks. You have to get them ALL to agree and much more. It’s cumbersome, it’s bulky and it’s difficult to do.”
“What Agustin Carsten is referring to is an AUTOMATED THIRD LOCK.”
“They are looking for AI Software to SCAN the Transactions, to be connected through AI Agents to your Surveillance – so if I say under your Health Plan, you shouldn’t be able to Eat Pizza and I discover you eating Pizza, your Money won’t work the next time you try to buy Pizza and if you get Pizza another way I can Penalize you by Charging a Fee or Freezing your digital wallet.”
“What this is able to do, is to Scan / Observe you and AI will be the Decision Maker, there is no Human involved.”
“That is an Automated Third Lock.”
***“The REASON we Need such HUGE DATA CENTERS is if you are going to do Surveillance of people and implement spacial control and financial control, that’s an enormous amount of data you need to collect.”
**“It’s a huge amount of Analysis you need to just Use the Software.”
“Right now if my Bank exercises a Manual Third Lock against me – so let’s say the FBI calls the bank and says Catherine Austin Fitts is a Domestic Terrorist, we want you to freeze her account, so my bank is going to know I’m not a domestic terrorist and there’s going to be Process.”
***“So let’s say they freeze my account – I can call them, I can talk to them, I can get a Lawyer, I can go to Court, I can do something and I have ways of interceding.”
“When you go to Automatic Thrid-Lock there is no Customer Service to Call, there is No Intercession, because my Bank was NOT involved.”
“The Enforcement of that Rule, that Scanning, that Algorithm comes from CENTRAL HEADQUARTERS.”
“As Agustin Carsten says: ‘We can ENFORCE the RULES – We have the Technology to Enforce the Rule.’”
“An Automated Third-Lock is Frightening.”
Neel Kashkari - the president of the Minneapolis Federal Reserve Bank said this on August 22, 2022.
“I keep asking anybody, anybody at the FED or outside of the Fed to explain to me what kind of a Problem this is solving.”
“I can send anybody in this room $5 right now using Venmo. So what is it that a central bank digital currency can do that Venmo can’t do?”
“I can see why China would do it. If they want to monitor every one of your transactions, you could do that with a central bank digital currency. You can’t do that with Venmo.”
“If you want to impose negative interest rates, you could do that with a central bank digital currency. You can’t do that with Venmo.”
“And if you want to directly tax customer accounts, you could do that with a central bank digital currency. You can’t do that with Venmo.”
“I get why China would be interested. Why would the American people be for that?”
“I share a lot of your privacy concerns.”
“We have no interest in violating the American people’s privacies at the Federal Reserve.”
As Michelle Makori says – they could impose a social credit score to your Carbon Footprint, if you travel to often, your programmable money will not be able to purchase airline tickets or if you eat too much meat, your programmable Stablecoins will only be able to buy Lab Grown Meat.
These are just a couple examples of the potential concerns of money that can be Programmable.
Catherine Austin Fitts:
“Here’ the Reality – right now you have several implementations being used at the same time, the banks are moving to put their Deposits on a Distributed Ledger.”
“Once you get this on a Distributed Ledger it gives them the ability to make it PROGRAMMABLE.”
“Under the Genius Act we know Stablecoins issuers will start at the beginning of 2027 to be placed on the distributor ledger to do currency.”
“The Depository Trust Company -- one of the major organizations that handles the settlement, custody, and record keeping of stocks, bonds, and other securities in the United States is performing a Pilot study of putting Stocks and Bonds on a Distributed Ledger.”
“So we have Bank Deposits, we have Stable Coins, we have Digital Assets, and we the know the BIS wants this be connected worldwide and now they are talking about doing the Same with REAL ESTATE.”
“Once our Currency, Bank Deposits, Stocks & Bonds and Real Estate are all on Distributed Ledgers where they can be made Programmable, we can be subject to the equivalent of a Social Credit System.”
“This is a very significant portion amount of family wealth in America.”
“The way you attract people in on a Distributed Ledger is that you encourage them because they can either make a lot of money - so you offer them profits OR you make if FUN to transact there.”
“For example; I can buy a stock or a bond through my brokerage account, now some of the Crypto firms are offering is the ability to trade those same stocks 24/7 with margin of up to 20 times.”
“People always say the Bubble is going to Collapse, but I don’t think you’ve seen the biggest bubble yet.”
“If have access to trade $114 Billion of Stocks and Bonds, 24/7 (not 8 or 9 hours a day) and I can margin that 20X, I can blow you a Bigger Bubble that you can possibly imagine.”
So, What Exactly is a Stablecoin?
Catherine Austin Fitts:
“The term Stablecoin came from when people wanted to trade Bitcoin, but the bitcoin was volatile.”
“It was traded like an asset, as there were Pump and Dumps, the price was volatile – so you needed a coin where the price remained Stable.”
“The idea was to create a Crypto that was collateralized by an Asset that was relatively Stable in Price.”
“The Genius Act was passed in 2025 to create a Regulatory Framework for this.”
“What you are talking about is Crypto that is collateralized with very amount of Bank Deposits or Short Term Treasury Bills.”
“The price is anticipated to not fluctuate very much and if it does it will be a tiny amount.”
“Under the Genius Act a Stablecoin is primarily going to be collateralized by 93 day or less Maturity Treasury Bills.”
“This is a clever way for the United States to Market Stablecoins to people all over the world and get them coming in a RETAIL to finance the Treasury Market.”
“So we are watching institutions around the world diminish or not buy into treasuries and they are lowering their treasury positions, as right now institutions are rejecting US Treasuries.”
“Stablecoins are a way of reaching out to RETAIL Investors and attracting many people out of their local currencies into a Dollar Currency but one that will pour that money into the Treasury Department.”
Michelle Makori says that many perceive this as a good thing as it creates a new source of the government funding itself and it may allow the USA to maintain a dominance on a big stage when it comes to cryptocurrency.
As a Private Citizen Why Should We Be Worried About Stablecoins? How are they as Dangerous as a CBDC?
Catherine Austin Fitts:
“I’ll give a real life example; so the USA/Israel had a Regime change operation and US Secretary Scott Bessent said Iran currency had Depreciated by about 60%.”
“When that happened, many people went to crypto to try and protect the value, so the value the value is going down, where can you go, so many Iranians were investing in crypto.”
“Then US Secretary of Treasury, Scott Bessent announced that they had seized about a Billion Dollars of Iranian crypto wallets that has mainly invested in Stablecoins.”
“The US was able to Seize this money because the Stablecoins were on a Programmable Ledger.”
“It they had invested in GOLD, the gold would still be in their pockets.”
Michelle Makori asked – “As a Private Citizens, how are we going to be Forced to use Stablecoins?”
Catherine Austin Fitts:
“Our modern legislation says that you cannot require (this is within a state) someone to use Programmable Money, you have to give them a Non-Programmable Alternative.”
“It’s one of the Most Important Reasons to Keep CASH Alive.”
“So you can’t Force somebody into a Programmable Money System.”
“And another thing it says is that you can’t use programmable money –you can’t sneak something in the terms and conditions that destroys constitutional rights.”
“You want people to be free to use programmable money but you want to be sure it can’t be used in ways that squeeze them, trap them or limit them that ability to use their own money.”
*NOTE: Circle or Tether are makers of Stablecoins.
Bottom Line: Stablecoins ARE 100% a CONTROL Mechanism.
Source: Waking the World up -- https://rumble.com/v7d9lj4-catherine-austin-fitts-stablecoins-are-much-more-terrifying-than-cbdcs.html
7/26/2026 – 9:00 PM
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