Central Bank Digital Currency is the most comprehensive, far-reaching, authoritarian social control mechanism ever devised. Its “interoperability” will enable the CBDCs issued by various national central banks to be networked to form one, centralised global CBDC surveillance and control system.
Should we allow it to prevail, CBDC will deliver the global governance of humanity into the hands of the bankers.
CBDC is unlike any kind of “money” with which we are familiar. It is programmable and “smart contracts” can be written into its code to control the terms and conditions of the transaction.
Policy decisions and broader policy agendas, restricting our lives as desired, can be enforced using CBDC without any need of legislation. Democratic accountability, already a farcical concept, will become literally meaningless.
CBDC will enable genuinely unprecedented levels of surveillance, as every transaction we make will be monitored and controlled. Not just the products, goods and services we buy, even the transactions we make with each other will be overseen by the central bankers of the global governance state. Data gathering will expand to encompass every aspect of our lives.
This will allow central planners to engineer society precisely as the bankers wish. CBDC can and will be linked to our Digital IDs and, through our CBDC “wallets,” tied to our individual carbon credit accounts and jab certificates. CBDC will limit our freedom to roam and enable our programmers to adjust our behaviour if we stray from our designated Technate function.
The purpose of CBDC is to establish the tyranny of a dictatorship. If we allow CBDC to become our only means of monetary exchange, it will be used enslave us.
Be under no illusions: CBDC is the endgame.
CBDC will only be “issued” by the central banks. All CBDC is “base money.” It will end the traditional split circuit monetary system, although proponents of CBDC like to pretend that it won’t, claiming the “two-tier banking system” will continue.
This is nonsense. The new “two-tier” CBDC system is nothing like its more distant predecessor and much more like “going direct.”.
CBDC potentially cuts commercial banks out of the “creating money from nothing” scam. The need for some quid pro quo between the central and the commercial banks was highlighted in a recent report by McKinsey & Company:
The successful launch of a CBDC involving direct consumer and business accounts could displace a material share of deposits currently held in commercial bank accounts and could create a new competitive front for payment solution providers.
McKinsey also noted, for CBDC to be successful, it would need to be widely adopted:
Ultimately, the success of CBDC launches will be measured by user adoption, which in turn will be tied to the digital coins’ acceptance as a payment method with a value proposition that improves on existing alternatives. [. . .] To be successful, CBDCs will need to gain substantial usage, partially displacing other instruments of payment and value storage.
According to McKinsey, a thriving CBDC would need to replace existing “instruments of payment.” To achieve this, the private “payment solution providers” will have to be on-board. So, if they are going to countenance displacement of their “material share of deposits,” commercial banks need an incentive.
Whatever model CBDC ultimately takes, if the central bankers want to minimise commercial resistance from “existing alternatives,” so-called public-private partnership with the commercial banks is essential. Though, seeing as central banks are also private corporations, perhaps “corporate-private partnership” would be more appropriate.
Commercial banks will likely play a key role in large-scale CBDC rollouts, given their capabilities and knowledge of customer needs and habits. Commercial banks have the deepest capabilities in client onboarding [adoption of CBDC payment systems] [. . .] so it seems likely that the success of a CBDC model will depend on a public–private partnership (PPP) between commercial and central banks.
Accenture, the global IT consultancy that is a founding member of the ID2020 Alliance global digital identity partnership, agrees with McKinsey.
If it is universally adopted, CBDC will afford the bankers complete control over the our daily lives. The surveillance grid will be omnipresent and every aspect of our lives will be engineered.
CBDC is the endgame and, in this article, we will explore how that game will play out.
If we allow it.
Contrary to the stories we are told, central banks are private corporations. These private corporations operate a global monetary and financial empire that is overseen and coordinated by the Bank for International Settlements (BIS).
The BIS does not come under the jurisdiction of any nation state nor intergovernmental organisation. It is exempt from all "law" and is arguably sovereign over the entire planet. As its current monetary system power-base declines, it is rolling out CBDC to protect and enhance its own authority.
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