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    World's moves to Central Bank Digital Currency CBDC

    JohninMK
    JohninMK


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    Post  JohninMK Sat Mar 11, 2023 6:51 am

    Rather than in general economic news I think that this topic deserves its own thread. It is going to get very important as the World seems to be moving into new power blocks and how the West in particular will try to handle the associated dedollarisation.

    This is a post from MoA speculating on it, kind of setting the scene. The more posts the better on this, if it gains traction the implications on individual liberty are not good.



    The current nation-state entrenched power networks are going to ease out, leaving the nation state populations and local systems floundering helplessly (though perhaps able to reconstitute should they so choose, albeit with very little access to that which gives nation states power these days, ie currency-money-credit issuance and control). The Elites are going to resurface in most of the global institutions in the picture which will become increasingly prominent soon.

    The powers inherent in the CBDC system (as described in the article and many others like it) will make any need to appear as part of the local/indigenous political/representative system unnecessary because essentially the whole world will be like a giant machine and the new overlords the more or less invisible mechanics in the background who keep it running. They will be the (AI et alia) programmers dictating what the machine does, where - if a vehicle - it takes us, whether or not we can ride in it and so forth, again all controlled via the CBDC mechanisms which might control much more than transactions alone, for example which streets and buildings we can enter or leave, whether or not a city has adequate water supply or food deliveries or a country is reported (by AI journalists) to be at war and so forth - no end of micro and macro algorithms-protocols-experiences.

    Perhaps it will be like the Truman World (?) movie where people live in a generated reality without seeing who or what is operating it beyond their field of vision, which is bounded by a screen with images of the sky. Perhaps Huxley's vision will win out over Orwell's as he claimed would unfold...

    This being the case, quite possibly the entire Israel project and also AIPAC, for example, may soon be jettisoned because the need for territorially defined nation states with central bank controlled populations will recede because representative politics will no longer be the norm; rather (for the elites) there will be discrete class-based zones all over with tightly restricted access, in many cases virtually invisible to outsiders who will neither read about them nor be able to purchase tickets or enter due to universal digital controls.

    In other words, the reason the elites are seemingly crashing the West (though some prefer to believe that China-Russia are now geopolitically eating their lunch) is because they are in the process of shedding their current skins - or leaving their current host bodies if you prefer - indeed preparing the way for the next set of incarnations in entirely different body politics where they will have shape-shifted into entirely different configurations and identities.

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    Broski
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    Post  Broski Sat Mar 11, 2023 7:12 am

    The 'Great Reset' these psychopathic western oligarchs are trying to implement plays a crucial role in bringing Central Bank Digital Currencies into the mainstream, most people won't accept CBDC's unless the current financial system is destroyed 1st.

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    kvs
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    Post  kvs Sat Mar 11, 2023 8:48 am

    Even fiat money today is not under the super easy control of the control freaks who run the show. They want more control to satisfy
    their rabid desires. Digital currency is fully totalitarian since it allows some invisible decider to cancel your money. Of course, it also
    facilitates total tracking of every currency transaction so you cannot give a cent in donations without these monsters knowing
    and deciding to cancel it. This is essentially what Kanada's Turdope did during the trucker protests. Anyone who donated money
    to the legitimate cause had their bank accounts frozen and subjected to terrorist style investigation. So these degenerates can
    already f*ck around with individual rights, but want even easier ability to do this.

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    JohninMK
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    Post  JohninMK Sat Mar 11, 2023 10:28 am

    Its probably not a case of people rejecting CBDC it will be slid in in the background.

    Part II of a CBDC article series:
    https://iaindavis.substack.com/p/central-bank-digital-currency-is-359

    From which a brief excerpt illustrating how several countries supposedly now at profound odds with each other are all headed in the same direction (one which decidedly does NOT support 'we the people' as the esteemed Karlof1 said above):

    The BoE wishes to impose the most oppressive form of retail CBDC possible, but they aren't alone. The Russian CBR's model is another, among many others, that is just as tyrannical. The Russian's CBDC is also constructed upon a "platform" model that is uncannily similar to the UK's.

    Just like British citizens, Russian's behaviour will be monitored and controlled by their private central bank and its partners through their CBDC "wallets." The CBR's "Model D" CBDC is also a "a retail two-tier model with financial institutions [private corporate partners] as settlement participants."

    The CBR states:

    Digital rubles are unique digital codes (tokens) held in clients’ electronic wallets on the digital ruble platform. [. . .] The Bank of Russia opens wallets for financial institutions and the Federal Treasury while financial institutions open wallets for clients [businesses and individuals] on the digital ruble platform. Only one digital ruble wallet is opened for a client.

    Every Russian business and private citizen will each have one CBDC wallet allocated to them by the CBR. Russian commercial banks will enable the "client onboarding" to speed up adoption of CBDC. The commercial banks and other "financial institutions" will then process CBDC payments and act as payment intermediaries on the CBR's Model D "platform."

    The People's Bank of China (PBoC) and the Reserve Bank of India (RBI) are among those considering programming expiration dates into their CBDC's. This will ensure that Chinese and Indian CBDC users can't save and have to spend their issued "money" before it expires and ceases to function. Thereby "stimulating" economic activity in the most "going direct" way imaginable.

    I believe this is a very serious and extremely important topic which is being successfully buried by distractions of all sorts. But unless and until clear verifiable evidence is presented showing how the CRB and CBChina and CBEngland and CB Iran (also cited in the article) are somehow truly separate and not some sort of seamless one-ring system (with various regional characteristics no doubt for the end-user experiences but not at the uber-sys-admin levels) surely we have to assume that these will be all interlinked somehow in some sort of 'virtual one world' system in which democracy and individual rights will no longer be regarded as quintessential priorities.

    Personally, I think we are about to enter a period during which the largest changes in over a millenium as to how societies are organized will be taking place. I also suspect that those who are happy with the Chinese model will be very happy with what finally emerges. Maybe. At least for a while. Maybe....

    PS. On TV tonight a story relating how Gov Christie Noem (sp) of South Dakota just vetoed a bill that would have made all other digital currencies unlawful in her State. I found it interesting that this was slipped in as an addition to existing Universal Commercial Code law, the primus inter pares international Law extant since Roman times (and arguably genius-level stuff in many ways IMO).

    So a single Governor vetoed what her Legislature had rubber-stamped. Wonder how many other Governors have already or will soon be signing this. Wonder how many newspaper articles there will be about this.

    Main point though: this stuff is ACTUALLY happening, it is not fringe conspiracy theory material. And I suspect it is FAR more important than most of what is being covered in the news because if this stuff is finally put in place and replaces normal money, you can kiss all our constitutions goodbye, they are rendered useless and irrelevant immediately (whether or not this is acknowledged).

    Such huge changes should not take place without consent after discussion.

    Anyone willing to bet that this will happen? At 100 to 1 odds? (You win 100 if it DOES happen!).....

    2030.... seven years.... not long now....

    Posted by: Scorpion | Mar 11 2023 3:30 utc | 210
    JohninMK
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    Post  JohninMK Sat Mar 11, 2023 10:38 am

    https://web.archive.org/web/20220917101738/https://www.atlanticcouncil.org/cbdctracker/">https://www.atlanticcouncil.org/cbdctracker/">https://web.archive.org/web/20220917101738/https://www.atlanticcouncil.org/cbdctracker/

    List of countries status viz CBCD development...

    "105 countries, representing over 95 percent of global GDP, are exploring a CBDC. In May 2020, only 35 countries were considering a CBDC. A new high of 50 countries are in an advanced phase of exploration (development, pilot, or launch)."
    Kiko
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    Post  Kiko Sat Mar 11, 2023 3:58 pm

    Inexperienced on the matter, I was once a long time ago favourable to the digital ruble, but after further developments, news and analysis, I've changed my mind.
    Please do post detailed description of CBRDC project, if available.

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