Tag Archives: CBDCs

Dancing With The CBDC Devil, by Good Citizen

If you want to envision what they have in mind for us with CBDC (Central Bank Digital Currency), imagine current China on steroids (China itself is also moving towards current China on steroids). From Good Citizen at thegoodcitizen.com:

Your Money Is Their Money (Part 2)

The coup de grâce of Klitz Schlub’s World Technocracy Front (WTF!) Great Resent agenda: CBDCs

Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world.

— Henry Kissinger
Nobel Peace Prize-winning War Criminal

In case you missed it: Your Money Is Their Money (Part 1)

Act Three

We are fast approaching the climax of the final act of the U.S. Empire’s global monetary monopoly. The system established at Bretton Woods in 1945 is quickly dissipating and the only people incapable of seeing the obvious trainwreck ahead are the indoctrinated masses of financially illiterate half-wits, and the people in the District of Corruption who those half-wits vote for.

Saudi Arabia is blushing at romantic overtures from the dragon while ignoring Israel and U.S. demands to keep hating Iran. Turkey is dancing with Russia, China, and the Global South while being a thorn in NATO’s southern flank. The largest market by population, India is buying Russian commodities and energy in Rubles.

The Dragon is in the Bear’s den for a visit.

Nobody is answering Dementia Joe’s phone calls.

Every attempt to tear down Russia with over 11,000 trade and economic sanctions has boomeranged back into the faces of the criminals in Brussels, London, and D.C.

There is no banking crisis in Russia. There are no liquidity issues with the Ruble and they are not hyperinflating their currency into the toilet. Russia is also developing a CBDC, so they get no prize for dodging western bullets as just another actor in our global stage play.

The Fed released its second Sunday night press release in a row. The last time they did a Sunday night performance was in March of 2020 as the markets were in freefall over a phony virus planned for a hoax pandemic.

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How To Resist CBDCs—5 Ways You Can Opt Out of This Dystopian Future, by Nick Giambruno

They won’t be easy or convenient, but there will be ways to escape Central Bank Digital Currencies. From Nick Giambruno at theinternationalman.com:

How To Resist CBDCs

There’s an excellent chance governments worldwide will soon force their citizens to use central bank digital currencies (CBDCs).

CBDCs enable all sorts of horrible, totalitarian things.

They allow governments to track and control every penny you earn, save, and spend. They are a powerful tool for politicians to confiscate and redistribute wealth as they see fit.

CBDCs will make it possible for central banks to impose deeply negative interest rates, which are really just a euphemism for a tax on saving money.

Governments could program CBDCs to have an expiration date—like some airline frequent flyer miles—forcing people to spend them, for example, before the end of the month when they’d become worthless.

CBDCs will enable devious social engineering by allowing governments to punish and reward people in ways they previously couldn’t.

Suppose governments impose lockdowns again for flu season, so-called “climate change,” or whatever pretext they find convenient. CBDCs could be programmed to only work in a geographic area. For example, your payments could be denied if you travel more than a mile from your home during a lockdown.

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Carbon Rationing, CBDCs and Sound Money, by Mark E. Jeftovic

Those who would rule us have half-baked ideas of central bank digital currencies whose value is somehow based on carbon emissions. It sounds as crazy as making everyone get vaccinated for a disease that kills one quarter of one percent of those who contract it. From Mark E. Jeftovic at bombthrower.com:

Ironically, the push toward carbon-rationing and CBDCs is based on the same insight by sound money advocates: Fiat is worthless.

Let me tell you a parable about value. It’s about how the “thing” that everybody assumes has value can change over time, and by the time it changes, people have completely lost touch with the original measure of value.

In the early 00’s, easyDNS was getting ready to move our servers out of our physical office and into an actual data colocation center in downtown Toronto.

When we got our first cabinet, we were billed in terms of how much rackspace we were using, and what our bandwidth consumption was. In those days, the servers were trying to pack themselves into smaller enclosures and compress the data payloads to reduce bandwidth. There were 2U boxes, the bleeding edge stuff coming out was 1U, and if you were a dinosaur from late-90’s, you might have some legacy 4U servers, which were costing you a fortune to rack.

What was missing from that equation?

Power. There were no power costs, or if there were, they were negligible to the point where I can’t even remember having them. The power costs were just built into the price of the rackspace and bandwidth.

Fast forward 20 years, and it’s inverted completely. The number one cost when you provision new cabinet space these days is typically your power commit. Then bandwidth and transport. Now the rackspace is practically a throw-in. In many cases, what people think of as “servers” today are just virtualized images that don’t even take up any physical space.

What changed? The world did.

Who cares? Mostly nobody.

What I mean by this, is nobody thought that switching to charging for power consumption instead of rackspace was a big deal. The overall economics of the space changed, and as a result so did the pricing model. In other words, the underlying value commodity switched from Thing A (physical space) to Thing B (power). Other than adapting to it, nobody really cared.

The same thing happened with “money” -and it’s about to happen again

Money used to be backed by gold (Thing A) and then by a national currency exchangeable for gold (Thing B). In practical day-to-day terms, most people didn’t care and continued to use whatever they had in their wallets for currency.  Thing B even became the global reserve currency.

Then in 1971, it switched again and that reserve currency could no longer be exchanged for gold (Thing A) while Thing B would henceforth be …nothing. It was supposed to be temporary. 

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CBDCs, SDRs, and the Re-Monetization of Gold, by Nick Giambruno

Banks and central banks relentlessly debase their fake money, they are setting the stage for the return of real money, gold. From Nick Giambruno at internationalman.com:

Central bank digital currencies

The current monetary system is on its way out.

Even the central bankers running the system can see that.

That’s why they are preparing for what comes next as they attempt to “reset” the system.

It’s important to emphasize that nobody knows what the next international monetary system will look like—not even the elites. However, they know what they want it to look like and are working hard to shape that outcome.

Next, I’ll examine their preferred outcome.

Plan A: CBDCs and SDRs

The new international monetary system the central bankers would prefer involves central bank digital currencies (CBDCs) and the International Monetary Fund’s Special Drawing Rights (SDR) replacing the US dollar as the world’s new reserve currency.

Despite all the hype, CBDCs are nothing but the same fiat currency scam with a new label on it—and zero privacy. They will make it even easier for the government to inflate the currency, and that’s what I expect them to do if they impose CBDCs on us.

However, it’s doubtful CBDCs can save otherwise fundamentally unsound currencies—as I believe all fiat currencies are.

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War on Cash: The Next Phase, by James Rickards

Central bank-issued digital currencies will have only one of the advantages of private cryptocurrencies (ease of transactions), all of the disadvantages of government issued currencies (e.g. debasement), and an additional disadvantage that cash doesn’t have (government tracking of your transactions. From James Rickards at dailyreckoning.com:

With so much news about an economic reopening, a border crisis, massive government spending and exploding deficits, it’s easy to overlook the ongoing war on cash.

That’s a mistake because it has serious implications not only for your money, but for your privacy and personal freedom, as you’ll see today.

Cash prevents central banks from imposing negative interest rates because if they did, people would withdraw their cash from the banking system.

If they stuff their cash in a mattress, they don’t earn anything on it; that’s true. But at least they’re not losing anything on it.

Once all money is digital, you won’t have the option of withdrawing your cash and avoiding negative rates. You will be trapped in a digital pen with no way out.

What about moving your money into cryptocurrencies like Bitcoin?

Governments Won’t Surrender Their Monopoly Over Money

Let’s first understand that governments enjoy a monopoly on money creation, and they’re not about to surrender that monopoly to digital currencies like Bitcoin.

Libertarian supporters of cryptos celebrate their decentralized nature and lack of government control. Yet, their belief in the sustainability of powerful systems outside government control is naïve.

Blockchain does not exist in the ether (despite the name of one cryptocurrency), and it does not reside on Mars.

Blockchain depends on critical infrastructure, including servers, telecommunications networks, the banking system, and the power grid, all of which are subject to government control.

But governments know they cannot stop the technology platforms on which cryptocurrencies are based. The technology has come too far to turn back now.

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