In today's editorial I'm going to show how the implementation of CBDCs, which stands for Central Bank Digital Currencies, and how they are going to change the World of money, banking and the way we live - forever.
With the most disturbing thing being the amount of control it will create over your life via the implementation of carbon & social credit scores which have already been successfully trialled. In effect, the Government will own you and tell you exactly how, when and what you will spend your money on. And no, I’m not scaremongering or exaggerating here, this is coming and it's already started. A CBDC would be implemented using a database run by the central bank & government, notice I didn't mention any banks here. Why? Because a CBDC will cause the end of the modern day banking sector. Because the Central Bank will make transactions with you directly making it possible for a central bank to keep track of every single transaction you make. Commercial banks still have control right now creating competition around lending. But with a CBDC they want to use something different than credit scores because they will ban diversity unfriendly credit scores in favour of credit scores. Need a mortgage? Let me just check your social credit score here… Socialism, at the click of a button: They can simply give money to some people, take money from others. Imagine you or your family worked and saved for decades and the Central Bank just pressed a button and sent your life savings to the poorest in society because they decided that they needed to redistribute the wealth. They don't see it as theft because it's the law and for the greater good Never again will you be able to withdraw cash from the bank because it won’t exist anymore, with cash you're in control but with a CBDC you have no control You have to just trust the government that your money is actually there Spend it or lose it! They want to create a world of spenders and get rid of savers. In China, the CBDC was programmed with an expiration date, which encouraged spending and discouraged money from sitting in a savings account. In the end, 90% of the vouchers were spent in the allotted time the Government wanted. Why do Governments want this? This is due to the velocity of money principle where the government earns taxes every time the money is spent. So what are the stages you need to look out for then? NOW - Stage 1: Stage one has already been achieved by issuing free stimulus and this worked well because very few people saved the money & instead they spent it, creating more velocity of money & inflation. The inflation was good for the Government because it inflated away the government debt at the expense of our household budgets becoming more expensive. 2-3 yrs - Stage 2: Is to issue welfare payments or UBI via a digital wallet. This hasn't officially started yet in the US, but some other countries have now adopted this method of payment delivery. 1-4 yrs - Stage 3: Incentive for the public to download the government digital wallet and get some free CBDC like they did in China, because who’s going to turn down free money? 1-7 yrs - Stage 4: Nationwide rollout of CBDC. With all employees now being paid not into their bank accounts but into their digital wallets. Employers will be mandated to do this and employees will be penalized for not using the digital wallets. At this point, dirty virus spreading cash will be phased out and no longer printed anymore. Any cash that makes its way back to the bank will be destroyed and converted into CBDC 20+ yrs -Stage 5: ONE CBDC to rule them all. If you’ve ever studied financial history, you'll know that there used to be tens of thousands of different currencies around the world, now there are just 180 left
0 Comments
Leave a Reply. |
Thank you for choosing to make a difference through your donation. We appreciate your support.
This website uses marketing and tracking technologies. Opting out of this will opt you out of all cookies, except for those needed to run the website. Note that some products may not work as well without tracking cookies. Opt Out of CookiesCategories
All
Archives
April 2024
|