Central Bank Digital Currencies (CBDCs): The Battle for the Future of the Monetary System is Underway – Are You Ready?
February 3, 2023
Comments by Brian Shilhavy
Editor, Health Impact News
The United States is getting closer to issuing a Central Bank Digital Currency (CBDC).
What does this mean?
It means that the financial collapse of the economy is getting closer, and this is the plan of the Central Bankers to replace the current monetary system.
If you are unaware of what CBDCs are, and how they can be used for evil purposes to try and control every aspect of our lives, then it is time to take notice, because this is a train that has left the station, and is not coming back.
It is not a new monetary system that can be implemented overnight, however, but will need to be rolled out in stages, and those roll outs have already begun in many countries around the world.
As with anything in life, tyrants cannot control people without their consent. They fear the masses, because they are outnumbered. If there is massive resistance among the public, it can thwart their plans.
They will use fear as their main tool, and we have seen just how powerful fear is, with the COVID-19 operation that began in 2020.
So there is a window of opportunity here to wake up as many people as possible to resist converting over to a new, cashless society, where digital currencies issued by Central Banks will completely dominate our lives and eliminate any remaining remnant of “privacy.”
I am publishing today the latest article by Jim Rickards to give us an update on just where we are today with U.S. CBDCs, and then a video by James Corbett that was just published and explains more in depth just what CBDCs are, along with sources of information on how to learn to opt out of CBDCs.
Do NOT skip or browse through quickly this information, because I am not exaggerating when I say that your future, and the future of our society, depends upon you understanding what is at stake here, and how to resist it.
Warning Shot Fired!
by James Rickards
Daily Reckoning
Another warning shot across the bow just happened…
I warned my readers a few weeks ago about how the Federal Reserve, in cooperation with giant global banks, has launched a 12-week pilot project to test the message systems and payment processes on the new CBDC dollar.
A pilot project is not research and development. That’s already done. The pilot means that what I call “Biden Bucks” are here, and the backers just want to test the plumbing before they roll the system out on the entire population.
That project is due to be completed next month. In other words, Biden Bucks are getting closer to becoming a reality for us all. Now there is another big development to keep you up to speed…
This month, the Digital Dollar Project (DDP) released an updated version of its white paper called “Exploring a U.S. CBDC.”
The project expanded the paper in order to examine central bank digital currency projects internationally, though its focus is still on the United States. Since its original white paper release in 2020, CBDC projects worldwide have increased from 35 to 114.
Here is one statement in the updated paper:
It [is] imperative that the U.S. government consider ways to maintain the use of the dollar in digital global payment systems and develop a strategy related to the use of alternative payment systems.
Pigs in the Digital Slaughterhouse
“Alternative payment systems” is simply a technical term for Biden Bucks, which means replacing the cash (“fiat”) dollar we have now. What’s this mean for you?
Let’s first consider the kind of freedom that physical cash offers you. Above all, cash is untraceable and anonymous. When you buy something with cash, there’s no way to trace the purchase to you individually. In that sense, cash is like gold or silver. It doesn’t leave a digital fingerprint.
And that’s why the government wants to eliminate cash — with cash out of the way, it can trace anything and everything.
At that point, the pigs (all of us) will be in the slaughterhouse ready for the digital slaughter of negative interest rates. All of your money will be locked in the banking system. If you don’t want to spend your money, the government can punish you by imposing negative rates. It doesn’t want you saving your money.
And in a completely digital world, what would stop the government from having individualized interest rates for every citizen?
Biden Bucks would also allow for account freezes, tax withholding and outright confiscation in some cases. After all, this is a government-approved digital wallet without any access to physical cash as you know it now.
You’re Just a Pawn
When the government is in full control of your money, it opens up the door for manipulating the economy by using you as a pawn and your assets as chess moves.
If they need to slow down the economy (as they are attempting to do now with increasing interest rates), they could freeze a certain percentage of your cash so you can’t spend it.
If they feel the economy is too slow and needs a jolt of spending, they could punish people who are saving too much with a “spend it or lose it” policy. That’s the reality behind negative interest rates.
It would make your money less truly your own and under government control. We are already seeing how many retailers are not accepting cash across America.
Another thing about physical cash: It’s not hackable.
Under Biden Bucks, all the data that the government will have on every aspect of your life would be a dream come true for hackers. Identity theft would become commonplace.
And forget privacy. That would be a thing of the past.
“Sorry, We Really Don’t Want to Do This to You, But We Have No Choice”
What happens when physical cash is eliminated from any payment transactions? Imagine this alarming possibility…
To further advance the climate change agenda, what if Joe Biden or his successor decided that gasoline needed to be rationed?
Your Biden Bucks could be made to stop working at the gas pump once you’ve purchased a certain amount of gasoline in a week! They could justify it based on “national security concerns” or whatever, and that it’s something they just have to do.
They’ll say, “We really don’t have a choice. We have to do it!”
In other words, Biden Bucks would create new ways for the government to control how much you could buy of an item, or even ban certain purchases altogether. Government would keep score of every financial transaction you made.
In a world of Biden Bucks, the government will even know your physical whereabouts at the point of purchase. It’s a short step from putting you under FBI investigation if you vote for the wrong candidate, buy the “wrong” reading material or give donations to the wrong political party.
The Slippery Slope
They may deny that this is part of some grand plan to control the population, that it’s just a way to make the financial system more efficient. The rest of it is just a conspiracy theory that only kooks believe. And they may mean it. They may not have bad intentions.
But history clearly shows that once the government acquires a specific power, it will eventually use it to the fullest extent it can. And when corrupt people are running the government, they’ll use that power for political purposes, even if they might not set out to originally. The temptation is just too strong.
If any of this sounds extreme, fantastical or otherwise far-fetched, well, it’s not. I simply invite you to look at what’s happening around the world.
China is already using its CBDC to deny travel, employment and educational opportunities to political dissidents. Canada seized the bank accounts and crypto accounts of nonviolent trucker protesters last year. Nigeria put a cap on ATM cash withdrawals at $45 to promote digital payments.
Don’t think that other governments, including the U.S. government, haven’t noticed. They have.
The simple fact is “social credit scores” and political suppression will be even easier to conduct when Biden Bucks are completely rolled out in the U.S. With Biden Bucks, the government will be able to force you to comply with its agenda, like with the climate change example I mentioned above.
Because if you don’t, they could turn off your money. But you can fight back. How?
Robert F. Kennedy Jr. On The Danger Of CBDCs (Central Bank Digital...