Central Bank Digital Currency (CBDC)
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It is essential that the voting public understand what CBDC is. It is a creature of the Great Reset (World Economic Forum). DI will be a means by which the Elite will have complete control of your life.
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 curency 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.
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.
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 by internet and into card readers in shops. Again just electrons.
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. Not so in many places now and villages not at all. Every Village should have a ATM. Many transactions are far easier and more convenient for the ‘People’ but the government wants to know about what you are using them for.
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.
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. 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.
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/)
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.
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.
If you want to by petrol for your car when you insert your card it could come up ‘purchase refused as you will exceed your carbon credit allowance this week’. or If you want buy some pork chops from your butcher it could come up ‘purchace refused as pork chops are offensive to our Muslim citizens and Vegans’. You may think that to be daft but such is within the CBDC system.
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.
It is a form 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.
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.
“All things will be smart and connected to the internet.” ~ Klaus Schwab.
Tesco petrol filling station
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 CBDC. As such it reasonable to expect him to want to ban cash for CBDC
