Central bank digital currency (CBDC) will end human freedom. Don’t fall for the assurances of safeguards, the promises of anonymity and of data protection. They are all deceptions and diversions to obscure the malevolent intent behind the global rollout of CBDC.
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.
Central banks are private corporations just as commercial banks are. As we bank with commercial banks so commercial banks bank with central banks. We are told that central banks have something to do with government, but that is a myth.
Today, we use “fiat currency” as money. Commercial banks create this “money” out of thin air when they make a loan (exposed here). In exchange for a loan agreement the commercial bank creates a corresponding “bank deposit”—from nothing—that the customer can then access as new money. This money (fiat currency) exists as commercial bank deposit and can be called “broad money.”
This process of central banks issuing “currency” that then finds its way directly into private hands will find its ultimate expression through CBDC. The transformation of the IMFS, suggested by BlackRock’s “going direct” plan, effectively served as a forerunner for the proposed CBDC based IMFS.
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.
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:
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