Perhaps many Americans really don’t understand how the U.S. or even the world economy works. However, most do recognize the massive explosion of debt the U.S. is accruing. A deeper understanding of the economy is needed to understand how our economic system will most likely collapse in order for a new monetary system to be put into place. This is a rudimentary explanation of how this may occur while alerting Idahoans to learn moreabout how the economy works. First, there are a couple of terms that need explaining.
Perhaps many Americans really don’t understand how the U.S. or even the world economy works. However, most do recognize the massive explosion of debt the U.S. is accruing. A deeper understanding of the economy is needed to understand how our economic system will most likely collapse in order for a new monetary system to be put into place. This is a rudimentary explanation of how this may occur while alerting Idahoans to learn moreabout how the economy works. First, there are a couple of terms that need explaining.
The WEF has created a “global consortium” that will focus on “designing a framework for the governance of digital currencies”. An in-depth discussion by the WEF explains how it is Shaping the Future of the Digital Economy, and how those economies will conduct business across borders. All of this is being discussed as if it will take place at some point. According to the WEF“A more sustainable global economy” can result from digital currency. As usual, fingers were pointed to the United States for the “potential threats posed by the US dollar’s (USD) domination of global foreign currency reserves.”
It has been argued that digital currency is nothing more than a way in which to track an individual’s personal transactions, what they buy, where they shop, where money or income originates, resulting in no escaping big brother’s eyes. Others maintain these financial transactions are already tracked with debit or visa cards, and through other means. Perhaps the difference is that when money is pulled out of an account, with cash in hand, nobody can track how that money is spent. That is a huge difference between the two. Some level of anonymity and privacy can still be maintained. But the WEF doesn’t want that because it reflects freedom and an inability to track how one spends their money.
The WEF, with all of its banking and financial partners, is unable to keep its hands off of a potential power grab by conceiving the idea of a Central Bank Digital Currency, preserving “full control over the issuance of the digital currency”, that will result in a complete takeover of our current financial system by crushing current cryptocurrencies
As explained in the video, the fractional-reserve banking system that is currently in place would be replaced by a narrow-banking system administered mostly by the central bank. Also, as pointed out in the video, the banking cabal has been controlling all aspects of the economy to their benefit and that power and control will not be given up easily, but rather force all into a new economy that will tighten its control while benefiting its survival.
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