2022 – 022 Central bank digital currency (CBDC)

Central Bank Digital Currency (CBDC)

If you find this post of interest please forward it on to your family, friends and MP.

mick greenhough  – editor@theeuroprobe.org

It is essential that the voting public understand what CBDC is (Central Bank Digital Currency). It is a creature of the Great Reset (World Economic Forum). DC will be a means by which the Elite will have complete control of your life. The Banks are relentlessly closing bank accounts of companies who deal in cash making ruunning such a business almost impossible. A MILLION accounts closed in just 4 years!

We now have a stark example why a cashless society is political control. To close Nigel Farage’s bank account and not allow him another is political. A watershed moment when we stop being a democracy and become an authoritarian state. It must be fully understood that with digital money only the powers that be can block your use of your digital credit card for any reason they think fit.

It must be realised that CBCD is a very easy, inexpensive and convenient way for financial transactions. It is also a prefect way for the ‘Illuminati’ (Establishment) to have complete control of our lives – the Proletariat and Plebians. What we can do, what we can buy or not buy, have no personal fruits of our labour or property. However every time you make a cashless transaction the Bank creams off 1,5% so you have less money for your next transaction

CBCD is a monstrous scam by the banks to transfer your money to them whenever you use a credit card – Are you happy with relying completely on digital applications after the Post Office Scandal?  read on

First to understand Normal Banking – You want to borrow £10,000 from a bank – If the Bank lends you £10,000 in money they have to have £10,000 in gold in a shed behind the Bank. They do not have that so they lend you Currency instead which is a just a cluster of electrons in a computer. That money does not exist, it is FIAT money and then the bank charges you interest on that non existant money loan. That begs the question as to why it cannot be paid back as a cluster of electrons not by your labour?

It also involves the person you pay with that FIAT currency joining in the charard that currency is real money. We are in a Debt Economy where just about everyone is in debt (from your bank overdraft to your mortgage to your credit card) and as such you are easier for the Establishment control. A £20 note is only worth about 20 pence – the value of the paper. You can buy £20 of goods with it while everyone joins in the pretence it is worth £20 not 20p.

CBDC is just the same – it is just a cluster of electrons in a computer with no substance behind it.

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Money used to be gold, silver & copper. Pre 1920 UK coins were 92.5% Sterling silver. Pre 1947 UK coins were 50% silver. There was no precious metal content after that. This is how you debase a currency, just like coin clipping.

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A technique of government is Quantatative Easing – printing money instead of earning it by wealth creation. It eventually leads to inflation and poverty. It led to the fall of the Roman Empire and others since and yet governments still use it. In Germany in the 1920s mass printing of Marks caused someone who got their weeks wages as a wheelbarrow full of Marks when he left it outside to go in a shop the money was dumped and the wheelbarrow stolen. Apocryphfal perhaps but it illustrates the consequence of Quantatative Easing.

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Some spiv Companies used to pay their workers in ‘tokens’ that could only be spent in the company’s own (overpriced) shop. It was known as ‘trucking’.

To stop this practice the Truck Act was passed that workers had to be paid in coin of the realm – cash.

Credit Cards were introduced to replace cheques as they were so much quicker and easier to pay and process by internet or into card readers in shops, and not vulnerable taking or collecting cash to and from a bank. Again just electrons.

Today it is common practice now to pay the employee, with their agreement, into their bank account by Bank Transfer for security and convenience. However the employee then has the ablity to withdraw cash from Automatic Teller Machines in a Petrol station, HighStreet and other places at any time at no cost to the employee. Not so in many places now and villages not at all and often cash is not free from some ATMs. Every Village and every local communitee should have a convenient and free ATM. Many electronic transactions are far easier and more convenient for the ‘People’ but the government wants to know what you are using your money for. Tomorrow it will be a chip in your wrist.

It is very easy and convenient to pay either remotely or directly by credit card but cash must always be an option. Cash is King at the moment – long live the King.

Ask your local shops to disply this notice

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Commerce (particularly Corporations) wants to get rid of cash for digital currency as it is costly and inconvenient to have to count the takings at the end of the day compared with electronically but there is never any discount for the customer for that saving. No problem with that so long as that is the only reason. It is quicker and easier for the citizen to pay by Credit Card as you do not have carry a pocket of cash.

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CBDC in a nushell

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What is happening is that you use an app to pay or a checkout digital payment is that you are an unpaid waitress, supermarket checkout person, etc. It is cheaper for the shop but you do not get a discount on your purchace it is the bank (the card owner) that gets the profit.

CBDC replacing cash completely is essentially high tech ‘trucking’

CBDC is a core principle of The World Economic Forum and The New World Order. (read  https://winteroak.org.uk/2020/10/05/klaus-schwab-and-his-great-fascist-reset/)

Banks want to put an expire date on digital currencies. Regardless of how you obtain your digital currency you’ll have to spend it within the allocated time before it gets deleted, so no more saving.

It will enable the banks and government to have complete control of what you can buy and also what you are not allowed to buy. A far better financial system would be GESARA (read https://theeventchronicle.com/what-is-gesara/) to abolish debt.

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Cash will no longer exist but you will have a smart card like a Credit Card with all your details of what, where and when you have bought anything and control whether or not you will allowed to buy what you want. Such activities as tipping, donating to a begger, pocket money, having a bet with your mates, buying and selling second hand are a few.

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If you want to by petrol for your car when you insert your card it could come up ‘purchase denied as you will exceed your carbon credit allowance this week’.  

or Your want to draw some money from the bank but withdrawal denied as you tweeted something the government did not like.

or  If you want buy some pork chops from your butcher it could come up ‘purchace denied as pork chops are offensive to our Muslim citizens and Vegans’. 

you want to go to a football match but when you put your card in at the turnstyle it comes up ‘entry denied as you have not had your booster jab’.

It could block you spending money outside of your 15 min Zone, deduct money from your account without your permission or knowledge. You may think that to be daft but such is within the CBDC capabilities and similar is begining to happen in some countries.

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If the 15-minute cities are introduced, electric cars will automatically stop if you attempt to leave your designated area, and digital money may not be accepted outside your zone (ghetto?).

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It is a means by which governments (or others?) can control your life completely.

Digital Currency is a sneaky, perhaps even dishonest, way for the Banks to take more of your cash.

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This is how the Banks fleece you of you money without you realising what is going on.

“Future totalitarian regimes no longer require electrified barbed wire fences. All they need is a phone, a QR code, a digital ID, and then they can do with you whatever they want,

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Essentially Digital Currency is a technique for the banks to take your money without you realising they are.

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Paperless Bank accounts where everything in ‘online’ – What happens to ‘paperless’ bank accounts, savings and investments when someone dies and their family and heirs don’t even know this money exists? Are banks etc hoarding vast amounts of money left in unknown deceased ‘paperless’ accounts?

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Similar could be said about smart energy meters. If too many electric car owners all want to recharge their cars at the same time your smart meter can switch off your electricity remotely.

The word “SMART” refers to “self-monitoring, analysis, and reporting technology.” A smart illusion of convenience, when actually its about tricking us into forms of digital control.

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read  https://mail.yahoo.com/d/folders/1/messages/AHbwXWYf0UiCZMECuAEwsJLkd_s?.intl=uk&.lang=en-GB&.partner=none&.src=fp

“All things will be smart and connected to the internet.” ~ Klaus Schwab.

The advantage of gas is that it cannot be switched off by a smart meter.

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Tesco petrol filling station

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More from China… If you try to enter public transport with a yellow QR code… immediately an alarm goes off… If your QR code is not green, you are cut off from society with no access to transport, food and even your residential complex…

Jeremy Hunt, Chancellor, has a Chinese wife who hosts a TV programme extoling the Chinese way of life.

A disturbing aspect of the coup that has taken place in parliament is that Rishi PM and his family are very heavily into CBDCAs such it reasonable to expect him to want to ban cash for CBDC

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It is for you to decide if you want this for your future.

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