CBDC: Where We're Heading with Central Bank Digital Currencies
CBDC: Where We're Heading with Central Bank Digital Currencies
While many countries are sliding through the CBDC slope, I’ve taken a moment to aggregate good relevant materials about the topic, so you can learn more of what’s planned. The success of a CBDC system is always relying on the acceptance and adoption rates of its technology, and compliance with its rules and regulations. Hopefully people will resist this centralized, highly controlled new way of living.
What is CBDC?
Central bank digital currencies are a form of digital currency that is issued by a country's central bank. They are centralised, meaning the central bank has control and monitoring capabilities over each and every transaction on the platform.
CBDC’s, being digital, can be programmed to be used in certain scenarios - for example x amount of money can be set for meat consumption & purchasing, for coal based energy, for buying certain products etc.
A short clip explaining what is CBDC, and how it’s looking in China:
What’s the status of CBDC in your country?
Let me know in the comments and I’ll add your content to the article.
CBDC Is Coming | Maajid Nawaz
Maajid Nawaz explains the dangers that come with the CBDC.
The Digital Currency Agenda is Really About More Government Control Over the People | Crossroads
The US government is currently getting ready to establish its own central bank digital currency (CBDC). What this means for citizens is that the government will have access to all financial transactions, as well as the ability to freeze bank accounts. This leads to the question about what this push for CBDC is really about? The answer is control.
STATE OF CONTROL | 2022 DOCU
This is one of the most important, comprehensive & clear documentaries I’ve seen, unraveling the steps taken around the world to bring us, the people, into a complete state of control. A MUST WATCH & SHARE.
"State of control", the control society is increasingly becoming a reality.
What is the price of convenience?
The CBDC (Central Bank Digital Currency) and the digital passport can make our lives easier and more efficient. But new international legislation shows that the purpose of these possibilities, has far-reaching implications for our privacy.
In this documentary international experts such as Edward Snowden, Arno Wellens, Catherine Austin Fitts express their serious concerns and criticisms. It compiles the range of facts and opinions, creating a shocking picture about the future of mankind. A crystal-clear narrative that can't be ignored.
Catherine Austin Fitts on Tucker Carlson, Fox News
Feb. 2023 - CBDCs Will Bring Complete Government Control, Social Credit Score Systems and more. Is this the future we want for our children?
CBDC in the UK - the “Britcoin”
A great article by Jordan Schachtel on Daily Clout:
”The U.K. government and the Central Bank of England have published a “consultation paper” that announced a coming digital pound called “Britcoin.”
Britcoin, the current nickname for the Central Bank Digital Currency (CBDC) project, is a product of the U.K.’s “CBDC Taskforce” that was announced in April 2021.
“At this stage, we judge it likely that the digital pound will be needed in the future. It is too early to decide whether to introduce the digital pound, but we are convinced preparatory work is justified,” the paper starts, estimating that the project will be fully implemented by the end of the decade.”
CBDC in Israel - the “Digital Shekel”
Israel seems to be moving along with CBDC under global influence. Pilot has been running for the past couple of years, and now the topic is being discussed more and more in media. In this recent webinar, including the Central Bank’s manager of the Israeli CBDC project, they gave a status update on the project.
Ben Samocha of Crypto Jungle, was interviewed about the topic to Epoch in Israel (interview in Hebrew, use google translate and requires free registration).
CBDC in China - the Digital Yuan
CBDC was launched in China on October 2020, and e-CNY transactions only crossed 100 billion yuan ($14 billion) in October 2022.
Multiple Chinese city governments have given away millions worth of e-CNY to try to promote consumption around the recent Lunar holiday season. Read more on Cointelegraph:
According to a Feb. 6 report in the Global Times, an English-language outlet of the state-ruPeople’s Daily newspaper, around 200 “activities” for the e-CNY were launched across the country during the holiday period.
These activities aimed to “promote consumption” — the first time the government has done so since recently relaxing COVID-19 restrictions.
Multiple cities reportedly gave away over 180 million yuan ($26.5 million) worth of the CBDC in programs such as subsidies and consumption coupons.
In general, the Chinese are not so happy with the pace of adoption of CBDC. In December, a former Chinese central banker called the results of the e-CNY trials “not ideal,” and admitted, “usage has been low, highly inactive.”
What’s the status of CBDC in your country?
Let me know in the comments and I’ll add your content to the article.
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The debt-based fiat system has actually collapsed during the 2008 sub-prime crisis and is only kept on life support by FED printing trillions of dollars, which is incredibly inflationary. So they are getting rid of it, leaving the old debts behind and moving to the FED coin control grid (CBDC). Here in Canada, Trudeau (Schwab's lapdog) gave us a taste of it during the Trucker Freedom Convoy, as you know, by freezing bank accounts and it was shocking to many people who have never experienced any totalitarian measures. People started taking cash out of the banks and buying precious metals.