MONEY; CASH & CBDC'S
Money is now on the verge of a transformation that will not only reshape the world of banking and finance, it will reshape the structure of our very societies and irreversibly change our way of life.
The rate of bank closures in the Britain is plain for everyone to see, with over 6,000 high street branches closing in the last 10 years.
Scotland has been hit particularly hard, it was the first part of the Britain to see over half of its banks close, with 696 of its 1,041 branches gone, with another 31 branches set to close in 2025.
Cash, despite being the second favoured method of payment in Britain, with over 5 million people relying on it daily, is also becoming more difficult to use. The pandemic, again; accelerated, what seems like the demise of cash with 30% of Scots reporting being unable to pay with cash, at least once during the pandemic, with some businesses now simply refusing to accept it.
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Though still largely unreported; it would seem that Central Bank Digital Currencies (CBDC’s) are to be the preferred route forward for our money. Without any proper, open and robust, public consultation, almost every country in the world is at some stage of introducing a CBDC. They are either being launched, researched or in a pilot scheme of some sort. They are being quietly ushered in by the Bank of England (BOE), the Federal Reserve and the European Central Bank (ECB) with President Christine Lagarde reporting the ECB’s CBDC investigation as being at an advanced stage with strong political backing.
They are being heavily promoted by the World Bank and at the International Monetary Fund (IMF) meeting in Washington D.C. in 2022, Bo Li, the deputy managing director of the IMF stated that CBDC’s will allow government agencies and private sector players to create smart contracts, facilitating targeted policy functions to precisely target what people can own! At the same meeting, Queen Máxima called for the creation of a Dutch CBDC, defending them as instruments of inclusivity, while back in the Netherlands the Dutch Finance Minister Sigrid Kaag, who also serves as the co-chair of the WEF’s Global Action Group, proposed a new law which would force banks to monitor, track and trace all transactions over 100 euros, representing nearly all the banking activity, of all Dutch account holders, with all data being held in a centralised database, in what some critics have called a preparatory step to implementing a CBDC.
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In Britain, and despite a cross-party Economic Affairs Committee publishing a report which concluded that CBDC’s were; a solution in search of a problem, an announcement by Jeremy Hunt in December 2022, declared the UK governments intention to accelerate the consultation exploring the case for a British CBDC, including potential designs.
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The Bank of England have also indicated that programming could become a key feature of any future CBDC and has called on ministers to decide whether a British CBDC should be indeed: programmable. When programming is incorporated into the equation, it effectively allows the state or potentially an employer, to control how people spend their own money, while also facilitating the state surveillance of people’s spending habits.
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What organisations will be able to access this sensitive CBDC payments data, and for what purpose will that data be used? All of which are a huge concern for anyone who wants to conduct their private life, in private, which is the sovereign right of every human being.
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The introduction of CBDC’s, also shift even more power into the hands of central banks and ultimately into the hands of the shadowy Bank for International Settlements (BIS), which is the central bank for central banks and owned by; unelected and unaccountable, private shareholders, who would have access to data, which will detail every purchase being made.
And, as well it may seem wholly improbable that; any government; would have the gall to instruct its free sovereign citizens as to what they can spend their own money on, whenever you introduce the Human CO2 narrative into the equation and the requirement to control the emissions associated with our personal consumption, in order to save the planet, programmable CBDC’s; are an absolute perfect fit, for the overall fraud.
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