Central Bank Digital Currencies (CBDCs)
The dangers of a nationalised and/or globalised cryptocurrency
If you visit any central bank’s website and navigate yourself to the CBDC section, you will most likely see the same justifications for the implementation of such system on every site, just worded slightly differently, as if they’re reading off of a script hand-delivered by Klaus Schwab himself. The website’s justification would be along the lines of; “we are considering a Central Bank Digital Currency (CBDC) because the way people are choosing to pay for things is changing … It is now time to look further ahead. We are examining the possibility of a CBDC … so we can make sure we are ready for the future”. Something like that. However, the real reasons are vastly different; it’s not just keeping pace with the ever-changing (financial) technological space that is at stake. The prospect of digital surveillance, and ultimately, more power, is the majority, if not all, of the attraction of CBDCs for these bureaucrats and unelected suits.
The COVID-19 'pandemic' was used, as now is Ukraine, and potentially 'monkeypox' too, as a smoke-screen to get the wheels on the Davos & globalist agenda rolling forward with increasing momentum. Part of the Great Reset is the push to eliminate paper money, and to move towards a digital currency where they can track everything we do, and to allow for even heavier taxation. After using money in the form of coins and papers since 700 BC, the most self-entitled among us have suddenly decided and determined that physical money should become irrelevant, in favour of a nationalised digital currency. If they get their way, privacy will become a privilege, not a right. As stated on the Bank of Canada's website now, "the Bank of Canada is embarking on a program of major social significance to design a contingent system for a Central Bank Digital Currency (CBDC), which can be thought of as a banknote, but in digital form. This project will require us to break new ground. It will take into consideration a wide variety of factors, including policy considerations, diverse stakeholder needs, difficult technical challenges and the development of a technical architecture to realise a CBDC pilot system" [1]. Of course, this is the same country whose Prime Minister, Justin Trudeau, with the backing of his Parliament, seized and sanctioned bank accounts of those associated with the peaceful Canadian Freedom Truckers [2], in addition to censoring GoFundMe accounts and donations for those truckers, which forced the protestors to resort to Bitcoin airdrops [3] in order to feed their families and stay warm at night, as they protested against unconstitutional COVID vaccine passports and mandates. A (Canadian) CBDC, would leave you 'alone in the room' with that same perverse state, whereby they would have overwhelming authority over your financial identity - they could censor your financial identity at any time: "You will regain access to your 'Britcoin' account with the Bank of England when you retract your statements on Twitter opposing the regime", something like that perhaps.
Obvious considerations and downsides about CBDCs arise from all angles. CBDCs will be imposed via sheer force, as with all of the globalist agendas, and they will do everything in their power to attack what they define as 'black markets', likely including Bitcoin, and privacy coins like Monero, where pseudonymity and anonymity are amongst the core values - everything the globalists are against. Even then, downsides to Bitcoin as a hedge against these policies arise, as all transactions are public and traceable. Anyone can see the balances and all transactions of any account address, and if you or a federal body were to link this specific address to multiple bank card transactions, then you are compromised. Anonymity is not possible with regular Bitcoin methods, however it can be achieved to an extent with 'mixers', which ensure that the trace of your transactions are significantly muddled, however with the burden of higher transaction fees [4]. This is the extent we’d need to go to, in order to maintain any inkling of privacy in this 'new-world order'. The point being, that with enough resources, Bitcoin accounts can be linked to you, partly with the help of compromised centralised exchanges like Binance, who openly get on their knees for the IRS and HMRC when summoned. You will see an increasing amount of surveillance through cryptocurrency exchanges as time goes on, in the name of 'regulation' and 'clarity', which will be marketed and cheered for by these compromised exchanges as a positive outcome for the cryptocurrency space.
The move to end paper money and move toward a national 'cryptocurrency' took a big step forward in the United States in 2021, when the House Financial Services Committee task force expressed support for experiments to create a digital USD. Neha Narula, the academic director of MIT's Digital Currency Project testified [5], claiming, as they did in creating the Euro, that the benefits of a digital Dollar would bring about lower costs within the electronic payments system, in addition to "keeping pace with China" [6]. The WEF are allowing this to unfold one drop at a time, and by the end, if they get their desired outcome, you will become an economic slave being fed prearranged propaganda to make you turn your back on basic humane values. All of the governments in the collective West (the United States, Canada, United Kingdom, EU, Australia, New Zealand, and Japan), are onboard - they have allowed Schwab to sell this idea to the people, and as they are conditioned, using mass-formation psychosis [7], they will continue to tick off boxes on their roadmap. What we are witnessing in the present, is the attempt of enslavement of humanity to the elitists due to the fiscal mismanagement of endlessly borrowing every annum, with no intention of paying anything back. Unless of course, they purposefully manipulate their national currency in order to make their debt lose value, we have seen it all before. They (WEF) are pitching for an IMF 'cryptocurrency' to enable a one-world monetary system, that would be entirely traceable and thus will get every penny of tax out of you [8]. Their fiscal failures of socialism are blamed on tax evasion, and they continue to pretend that they would not have these deficits if everyone just 'paid up'. Subsequently, the dumbed-down zombies watching Bloomberg, CNN, MSNBC, ABC, and BBC News religiously, believe their lies, and nod their heads in unison, whilst forcefully exhaling out of their mouths in disgust of those who do not oblige or listen to the governments and agencies who supposedly have our best interests at heart.
Bill Gates, who of course has a major presence at the WEF, is himself, pushing to eliminate all physical money, as if he somehow now should have authority over our private finance and health decisions. Part of the strategy behind Microsoft, the shoddy software company that Gates established, is to continuously "update" Windows, whilst simultaneously tracking what you do in order to create profiles to sell that/your information. Eliminating physical money and pushing for an IMF one-world cryptocurrency if you will, or just nationalised CBDCs in general, will further their goal of knowing everything that we do, and how much we and our private data are worth to sell to the highest perverse bidder. Gates and his wife were one of the main figures behind India cancelling their currency, and they are pushing that same agenda at the United Nations [9], and in Europe. Russia seem to be the only major power that are truly standing up to Microsoft and Gates [10], but then again, this is for their own benefit, and to install their own intrusive systems, as the digital Ruble’s pilot initialisation has been fast-tracked as a result of the (SWIFT) sanctions following the special military operation in Ukraine [11]. Gates, and everyone he buys, like the Clintons, aim to further their world domination goals, if you'd put it that way. We will see an unending parade of companies joining Gates in no time at all. For example, Mastercard joining ID2020 - a blockchain digital identity alliance, who were founded by Microsoft, Rockefeller Foundation, and IDEO, whose partners include NGOs, private companies, and UN agencies [12].
Columbia University 'economist', Joseph Stiglitz, says that the United States should phase out currency and move towards a digital economy/USD, a perverse and intrusive digital economy that is [13]. All of these people, who advocate for such policies, are ignorant of humanity, and advocate for total government control. Stiglitz told the World Economic Forum in 2017 that there are "benefits that outweigh the costs". He is also one of the figures who coaxed India into eliminating 86% of all their native currency. This is the only way they see fit to force socialism onto everyone - instead of looking inwards, as to why their/the systems are failing, they advocate for more power to amass absolute control, like a fascist communist-esque state, one that the United States themselves were once fighting against in the Cold & Vietnam Wars. Whilst the communist model was that the government owned everything, the new model allows 'private' ownership, but they will have the overt authority to seize whatever they desire, if they see you go against their regimes and purposefully vague and fragile definitions. We retain title, but they retain the right to say how much you can keep.
Going back to the COVID inference about being a smoke-screen for these globalist agendas. An increasing amount of people everyday are questioning the coronavirus, and as to why it was whipped up, sensationalised, and politicised, when the age bracket that endures the 'brunt' of the dreaded virus are above the average life expectancy in almost every collective Western country - it is of course, no worse than the seasonal flu. However, as of 2021, the World Health Organisation, advised people to use contactless technology instead of physical cash, as “banknotes may be spreading coronavirus” [14]. Their point is intriguing, as paper money has long been recognised as a hospitable environment for microbes, including viruses and bacteria - both of which can live on the surfaces of banknotes for up to 48 hours. However, the claim made by the WHO, supposedly a non-partisan agency made up of the most knowledgable academics in science and medicine, is that physical cash reportedly transports a flu-type virus for up to 17 days, so the question arises, if this has always been the case, why has it only just been bought up? I'm sure you can infer the answer from the context. Is this part of a broader plot for governments to find an excuse to eliminate all physical cash in order to install an intrusive and perverse system that tracks you to your every whim? Good question. Sweden, so far, had been the leaders in eliminating physical cash. However, they have suddenly realised that there is an inherent risk to digital money and have advised citizens to now “stockpile coins and banknotes”, in case there is a cyberattack on the banking system [15].
CBDCs will surely fail in wartime, for everything nowadays relies upon the power grid. All an adversary would need to do is take out less than 10 strategic power stations, and the grid will fail, and so would all monetary transactions under the CBDC policy. In World War 2, Nazi Germany counterfeited the currency of Great Britain to undermine the currency value as a tactic to win the war, dubbed 'Operation Bernhard' [16]. The initial plan was to drop these fake banknotes over Britain to bring about a collapse of the British economy. Today, you just need to target the power grid, and that will blunt the economy faster and far more sufficiently than ever before. The thought that would certainly arise if all money is made crypto and/or digital, is that an attack on the banking system and/or power grid would undermine the economy of an opponent. Surely the people in power realise this? Maybe they do, and it's intentional, to make you completely dependant on them. Moving to an overseeing electronic currency may be a desperate attempt to save socialism, but it would also open the door to sophisticated cyber attacks to undermine that economy.
If you live around the 'ring of fire', or more specifically, for example on the south-east coast of the United States, you surely instinctively hoard physical cash in a safe or somewhere secure in the event of a hurricane or alike. During hurricane Harvey in 2017, the power grid in Texas for example, was overtly affected: “By late Saturday, August 26th, a peak 338,000 electric customer outages were reported across the impacted area. The total number of reported customer outages exceeded 1.67 million in the Electric Reliability Council of Texas (ERCOT) area” [17]. In an environment where the only access to the financial world is through a CBDC, all of those affected by Harvey for example, would be unbanked in an instant for an unknown amount of time - their financial and economic identity temporarily wiped. There are two inherent risks to digital currencies: cyberattacks, and power failures, but these are not talked about. You will hear the point about reliance on the power grid bought up when a banker or a WEF shill is talking about Bitcoin, but when the conversation shifts to CBDCs, they bite their tongue, because there is a major power-grab at stake.
Was Bitcoin ‘allowed’ to be created in order to eventually pave the way and soften the transition into an intrusive digital surveillance tool, like a CBDC?
'Float a balloon in first to see how the market reacts, which allows them to deny it'. Central Bank Digital Currencies (CBDCs) are one of the many balloons that the World Economic Forum are currently floating, and it is one of the main drivers of Schwab’s Great Reset fantasies.
-=+=- References -=+=-
[1] https://www.bankofcanada.ca/search/?esearch=cbdc
[2] https://www.aljazeera.com/economy/2022/2/15/canadas-banks-seek-clarification-on-trudeaus-trucker-crackdown
[3] https://cryptoadventure.com/canadian-trucker-convoy-raises-450000-using-bitcoin-bypassing-gofundme-restrictions/
[4] https://www.coindesk.com/learn/bitcoin-mixers-how-do-they-work-and-why-are-they-used/
[5] https://www.congress.gov/117/meeting/house/112783/witnesses/HHRG-117-BA00-Wstate-NarulaN-20210615.pdf
[6] https://www.atlanticcouncil.org/cbdctracker/
[7] https://nehls.house.gov/posts/joe-rogan-experience-1757-dr-robert-malone-md-full-transcript
[8] https://www.coindesk.com/markets/2020/12/27/sound-money-vs-the-great-reset-feat-mark-moss/
[9] https://deutsche-wirtschafts-nachrichten.de/504866/Falls-Finanzcrash-kommt-Plan-fuer-die-Bargeld-Abschaffung-liegt-bereits-vor?utm_content=link_2&utm_medium=email&utm_campaign=dwn_telegramm&utm_source=mid326&f_tid=841a7572008285ffe9683dd86aa215cb
[10] https://www.nbcnews.com/news/us-news/putin-wants-push-microsoft-out-russia-battle-us-n674781
[11] https://edwardslavsquat.substack.com/p/russia-fast-tracks-cbdc-digital-ruble?token=eyJ1c2VyX2lkIjoxODk5Nzc4MSwicG9zdF9pZCI6NTY2NzU2ODYsIl8iOiJVSXo2aiIsImlhdCI6MTY1MzU5MDUzMiwiZXhwIjoxNjUzNTk0MTMyLCJpc3MiOiJwdWItNTIwOTYzIiwic3ViIjoicG9zdC1yZWFjdGlvbiJ9.ZOh2M2mAZabCDMlcmac3t1xAefZC008kSiTfd8HyqyE&s=r
[12] https://www.ledgerinsights.com/mastercard-joins-blockchain-digital-identity-alliance-id2020/
[13] https://www.cnbc.com/2019/05/02/joseph-stiglitz-we-should-shutdown-the-cryptocurrencies.html
[14] https://www.telegraph.co.uk/news/2020/03/02/exclusive-dirty-banknotes-may-spreading-coronavirus-world-health/
[15] https://www.dailymail.co.uk/sciencetech/article-6997685/Sweden-tells-citizens-squirrel-away-hard-cash-beds-case-cyber-attack.html
[16] https://warisboring.com/nazi-germany-tried-to-beat-britain-with-counterfeit-cash/
[17] https://www.nerc.com/pa/rrm/ea/Hurricane_Harvey_EAR_DL/NERC_Hurricane_Harvey_EAR_20180309.pdf