Central Bank Digital Currencies Are Coming - What Are The Consequences?

Central Bank Digital Currencies Are Coming – What Will The Consequences Be?

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Currencies are the lifeblood of trade and the economy; if a currency fails, the entire economy fails. Yet, most people rarely think about the health or buying power of the money in their pocket. People don’t research how often currencies actually falter and how common it is for inflation or stagflation to strike nations. They just assume that the money they have will be as useful tomorrow as it is today. They also assume that money will never change in a dramatic way.

The only thing that limits central banks from total monetary dominion is the fact that physical dollar holdings and even digital bank transfers can be accounted for. Once those dollars are out in the ether there’s not much the central banks can do to hide them and eventually, inflation will reveal the truth.

The bankers need a new system which allows them total control of every single penny from creation to circulation. They want the ability to make money appear or disappear in real time. More than that, they want the ability to track every single dollar, including who has them and what they are using them for. They want to be able to micromanage trade, and thus achieve a financial totalitarian empire.

Enter Central Bank Digital Currencies (CBDCs) based on blockchain technology…

Ever wonder why the mainstream media has been hyping up cryptocurrencies like Bitcoin for the past few years? Ever wonder why major banks like Goldman Sachs and JP Morgan have been pumping billions of dollars into crypto infrastructure and research in private while at the same time bashing crypto in the news? Ever wonder why central banks have been dismissing crypto as dangerous while at the same time developing their own cryptocurrencies?

It is because they are easing the masses into the notion of a fully digital trade system in which physical money no longer exists. Central banks might act like they are suspicious of crypto – but in reality they LOVE it.

The Bank for International Settlements (BIS), also known as the “central bank of central banks,” recently released a survey which states that at least 81 central banks around the world have been accelerating plans to release their own cryptocurrencies. Many excuses are given, including the covid pandemic, but they were actually working on these digital products well before the pandemic began.

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