Every indication is that CBDC’s arrival is imminent. On Tuesday, several global banks announced a partnership with the New York Federal Reserve to pilot digital dollars. Given the ubiquity of credit and debit cards, payment apps and other online payment systems, digital money has been bound to happen for some time. The risk isn’t the electronic part, that’s inevitable – it’s the fact that a central bank will oversee the digital currency.
From my vantage point, it’s impossible to overstate the risk presented by CBDC. Whether it’s a utopian vision based on good intentions or a sinister plot to crush our sovereignty, the result may be the same: control. A Central Bank Digital Currency has all the downsides of fiat money, plus the added layers of surveillance and programmability overseen by the state.
So many people on Team Reality have likely felt like dissidents over the last few years simply for challenging anything beyond the herd mentality. Asking questions or speaking against the narrative about topics including the likely origins of the Covid virus, usefulness of PCR, risk to most of the population, benefits of early treatment, advantages of natural immunity, safety and efficacy of vaccines, pros and cons of masks and lockdowns, and the utility of vaccine passports created an environment where people were stigmatised, alienated or outright censored. Imagine a monetary system with features baked-in to socially engineer how we live. For example:
Health: “You didn’t take your booster… sorry, you’re not allowed in public spaces.”
Energy: “You used your energy allotment this month… sorry, your electric car won’t start.”
Food: “You ate too much meat this week… sorry, your money is only good for plants (or bugs).”
Savings: “If you don’t take your rations soon… sorry, your money will expire at the end of the month.”
Free Speech: “You shared info that we disagree with… sorry, our algorithm is fining you.” (PayPal has already started doing this.)
If CBDC ultimately becomes the new monetary system, its core features will make it so that world governments will no longer need something like a global health crisis to print money or close society. Lines of code can shape our behaviour and ensure we’re forced to stay home. The entire platform will be designed to expel labour that is no longer deemed necessary. While I initially believed the state-led pharmacological interventions were an isolated, acute threat in this era, it’s become evident they were simply one tentacle in a much larger beast. Whatever forces are insinuating this direction on the world (looking your way, Davos), it’s revealed itself to be unrelenting in its pursuit of perpetuating fear and power.
I’m well aware this must sound insane, especially to anyone that hasn’t paid attention to this trend for a while. A few years ago, I would have thought it was preposterous, but after witnessing the Government’s lies, deception and grab for control, I’ve become fearful that this may be where we’re headed. When you consider that vaccine mandates had no medically justifiable purpose, it’s entirely plausible that they were simply an on-ramp to normalise a ‘papers please’ society. In NYC, where I lived until recently, most people accepted vaxports and loved the Excelsior Pass mobile app because it was convenient. How many will feel the same about digital money, which will undoubtedly come with its share of benefits?
Central Bank Digital Currency will enable governments to impose top-down control, à la Chinese Social Credit Score. Some central bankers are even saying the quiet part out loud. Whether or not this is the programme’s objective, has there ever been a time in history when governments rejected the power they are given? At this stage, this isn’t some tinfoil hat theorising, either. There are many examples of how this type of finance-driven coercion is already underway.
No comments:
Post a Comment