It seemed obvious for a while that the flow Fiat currency system is unstable at best. In the worst case, it is a Ponzi scheme whose time has run out. If that’s the case, I suspect central bankers and 0.1% know this and might be ready to roll out the new system before the old one collapses – even if they do it on the way down with the biggest wealth transfer in history mankind plunder history.
This seems obvious to anyone paying attention to these trends Central bank digital currency (CBDC) will be this new system.
Everything indicates that the arrival of CBDC is imminent. Yesterday, Several global banks announced a partnership with the NY Federal Reserve to control digital dollars. With the ubiquity of credit/debit cards, payment apps, and other online payment systems, digital money has been inevitable for some time. The risk isn’t the electronic part, it’s inevitable – it’s the fact that a central bank oversees the digital currency.
In my view, it is impossible to overestimate the risk of CBDC. Whether it’s a utopian vision based on good intentions or a sinister plan to destroy our sovereignty, the result can be the same: control. A central bank digital currency has all the disadvantages of fiat money, plus the added layers of oversight and programmability overseen by the state.
So many people team reality have probably felt like dissidents in recent years simply for questioning anything beyond the herd mentality. Ask questions or speak out against the narration on topics such as the likely origins of the Covid virus, the benefits of PCR, the risk to the majority of the population, the benefits of early treatment, the benefits of natural immunity, the safety and effectiveness of Vaccines, the ins and outs of masks/lockdowns, and the usefulness of vax passports created an environment where people were stigmatized, alienated, or censored outright. Imagine a monetary system with built-in functions to make our lives social. For example:
- Health: “You didn’t take your refresher… Sorry, you’re not allowed in public spaces.”
- Energy: “You used up your energy quota 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).”
- Saving: “If you don’t take your rations soon… sorry, your money expires at the end of the month.”
- Free Speech: “You shared information that we disagree with… Sorry, our algorithm will fine you.” (PayPal has already started)
When CBDC ultimately becomes the new money system, its core features will mean that world governments will no longer need something like a global health crisis to print money or shut down society. Lines of code can influence our behavior and force us to stay at home. So the entire platform will be designed to expel workers no longer considered necessary. While I initially believed that government-led pharmacological interventions were an isolated, acute threat during this time, it became clear that they were just a tentacle in a much larger animal. Whatever forces are pointing this direction in the world (Look your way, Davos), it has proven relentless in its quest to maintain fear and power.
I’m aware this must sound crazy, especially to anyone who hasn’t noticed this trend in a while. A few years ago I would have thought it absurd, but after witnessing the government’s lies, deception and grip on control, I have become afraid that this might be the way we are headed.
Given that vaccination regulations had no medically justifiable purpose, it makes perfect sense that they were simply a march to normalize a “papers please” society. In NYC, where I lived until recently, most people accepted Vaxports and loved them Mobile Excelsior Pass App because it was convenient. How many will think the same about digital money, which will no doubt bring its share of benefits?
The central bank digital currency will allow governments to impose top-down control, similar to China’s social credit score. Some central bankers are even say the quiet part out loud. Whether or not that is the goal of the program, has there ever been a time in history when governments have refused the powers they have been given? At this point, that’s not a tinfoil hat theory either. There are many examples of how this type of finance-driven coercion is already underway.
- “Now the government is asking people to apply for microchipped and photographed plastic My Number cards, which will be linked to driver’s licenses and public health insurance plans. The currently used health insurance cards without photos will be phased out at the end of 2024. People need to use My Number cards instead.”
- “The new pass guarantees the weekly allocation of the fuel quota. A QR code will be issued for each national identity card number (NIC) once the vehicle identification number and other details are verified.”
- “According to a report by 9News Queensland, the department has ruled that unvaccinated teachers who were allowed to return to work this semester after being on unpaid leave would face another financial hit with a ‘pay cut’ within 18 weeks’ notice.”
- “The voluntary study will use facial recognition to identify people and the number of tickets they have. The technology could be expanded to cover automated purchases at food vendors, restaurants and bars.”
- “Under plans recently announced by the government, Uganda will begin collecting DNA and biometrics from its citizens when their cards expire in 2024 to use in its revamped digital identity program.”
This is just the tip of the iceberg and it’s global. As we have seen with the lockdowns, China is the role model imitated in the West. Like sneaking into health-related authoritarian measures, Lurking in the background are unelected globalists with financial interests.
I’d like to be wrong about all of this. However, until there is evidence, we must be suspicious of anyone who continues down this dangerous path, regardless of their motivations.
For a deeper insight into this topic I recommend this essay by Fabio Vighi about Long Covid monetary policy. Edward Dowd has also spoken extensively on the relationship between the monetary system and Covid, also here eye opening presentation. Next up is the excellent Maajid Nawaz covered the drivers behind CBDC. Others, such as Martin Bent, Saifedean Ammous, and Allen Farrington, were ahead of the curve in identifying these risks. I share their sentiment, recognizing that Bitcoin is likely to solve this.
If you haven’t noticed, a major theme for the past (at least) three years has been “freedom vs. control.” So it is no exaggeration to say that the future must be decentralized if we are to ensure that our children grow up in a free world.