Things To Come - What Central Banks Have Planned:

What Are CBDCs? Here’s What the Central Banks Have Planned for You

Daisy Luther

An acronym that has recently been tossed around in an ominous whisper is CBDC. What is it, and how does it affect you?

CBDC stands for Central Bank Digital Currency, and these are digital versions of a country’s currency. We’ve talked a lot here on the Organic Prepper about digital currencies and the dangers of a cashless society, and if the WEF has its way, we could be looking at just that – and soon. The governments of the world are hard at work creating tunnels and secret routes that all lead to one place – a one-world monetary system. This is all part of the Great Reset they’ve been touting.

The Central Bank has a plan to implement digital currency in the near future.

As always, it will be positioned as something beneficial to get the less critical thinkers on board first. Then, at some point, it could become the only legal tender that exists, and this will give the powers that be the ability to completely control every financial decision you make.

For the record, governments already have the ability to freeze personal bank accounts. This was tested in Canada last year during the Freedom Convoy when truckers protested Covid regulations. The bank accounts of donors to the cause were frozen without recourse. This actually happened to a friend of mine back in Canada, all because she made a $20 donation to the Go-Fund-Me, which was, incidentally, withheld from its intended recipients.

Anyway, a digital currency could mean such controls as automatic taxation or where and when you’re allowed to make purchases – all at the push of a button. The most likely way this will be rolled out is to “fight inflation” and “fix the economy.” As per the IMF:

A world with lower inflation (and even zero inflation) and no persistent recessions may sound like a pipe dream, but we argue that it is possible by transitioning to an “electronic money standard.” Such a transition requires eliminating the zero lower bound, which central banks can achieve using readily available tools. Breaking the zero lower bound implies that the optimal rate of inflation will be lower than in the presence of the lower bound. This will empower central banks to quickly restore full employment and, over the medium term, possibly move toward targeting full price stability with zero inflation.

Obviously, any kind of manipulation like this is false, and while there may be some temporary relief, it won’t solve the underlying problems with our economy.

(Want to learn more about how you can starve the beast? Check out our free QUICKSTART Guide here.)

What are the details of CBDCs?

Bank for International Settlements wrote a glowing report about the “benefits” of the CBDC system. Here’s what I took away from this:

• Central bankers can execute policy or modify rates instantaneously, at the push of a button.
• Private crypto is bad.
• Central bank digital currency is good.
• CBDCs are better than crypto because they’re trusted.
• CBDCs aren’t “subject to the practical limitations of paper money.” (i.e., they can be tracked.)
• Therefore it protects against “money laundering, proliferation financing, and terrorist financing.”
• It will increase the pool of data generated on users and transactions, thus “helping” the “proper authorities.”
• “Multi-CBDC platforms” aids in decentralization. (i.e., a global economy)
• On a common CBDC platform across multiple central banks, transactions are recorded on one ledger.

Good times.

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