NEVER GONNA HAPPEN …SCRATCH CBDCs as stand alone “money” OFF YOUR WORRY LIST

…………………..

Jeff Childers

he New York Times ran a surprising story early this morning headlined, “Global Tech Outage Grounds Flights and Hits Businesses.” It sure seems these days like we just move from one mysterious disaster to the next.

What happened yesterday evening was worldwide networks and communications systems simultaneously crashed, grounding half a dozen airlines and disrupting all sorts of businesses including banks, telecom providers, stock exchanges, and media:

image 6.png
Social media filled with astonishing video clips showing things like airport flight boards stuck on the blue screen of death, making the airlines’ perennial game of ‘find your current gate’ even more challenging.

Seemingly within minutes, a Microsoft subcontractor called “CrowdStrike,” whose largest investor is Blackrock, and which was the primary technical resource supporting the Russia Collusion Hoax, claimed responsibility. It called the widespread failures an “error” in a security update.

Whatever it was, it was big:

At 5:45am this morning, CrowdStrike’s CEO and President suggested rebooting and tweeted a regretful —but not sorry— mea culpa:

Who knows. But —if it was a failed security update— here are three early observations:

CrowdStrike is now vulnerable to an incomprehensible number of potential lawsuits.

The world is manifestly over-reliant on a single computer platform (Windows).

The argument for replacing cash with digital currencies is over.

So. I’ll update you tomorrow on this breaking story if anything interesting turns up.