Digital Currencies for the most part are wonderful instruments that, when used wisely, can bring great freedom from the FIAT currencies (i.e., paper and digital money created out of thin air by governments). Likewise with Block Chain Technology.
However, Central Banks are now making their own digital crypto currencies, more commonly known as CBDCs.
This move should alarm us, as we all daily use money in some form.
"White papers" have been floating around the United Nations in preparedness for a global currency collapse for years. (A backup of such document is here, and is just one of many).
The currently unfolding process can in fact be traced back to the early 1900s. However, for our purposes, let's just go back to the Global Financial Crisis of 2007/08 when we came alarmingly close to a total collapse of the entire financial system.
Central banks in virtually every country around the world had no choice but to ramp up the printing presses, and create $trillions out of thin air. They thereby created phenomenal debt for every person on the planet, which we will have to pay back over many generations.
For those unfamiliar with what happened during the Global Financial Crisis (GFC) of 2007-2008, I'd highly recommend watching the movie "The Big Short".
This movie will give you an idea of the way the financial system currently works, and why the strategy of 'printing' our way out of a global currency collapse can only work once.
Central Banks not only played that card, but continue to do so, plunging the entire planet into massive debt with cheap loans.
CBDCs (Central Bank Digital Currencies) - Enter The Stage
The highlights are essentially the creation of a new digital currency to replace the good old Aussie Dollar, British Pound, Euro, US Dollar et al.
Some of the features of digital currency could be money that can expire, be automatically taxed, only be spent in certain sectors, and be a fully permission-based form of transaction - meaning that people will be coerced to make specific transactions they may not want, forcing a heightened time preference, or being compelled to forego investments in sectors of their own choosing.
This is a fancy way of saying you may ultimately end up having ZERO or little control over your money. While the media might talk up the benefits of a central currency, it will most likely be against a backdrop of "we have no alternative".
We have only to look at what has happened in countries like Venezuela, and unfolding in Lebanon, Zimbabwe and other countries.
Eighteen months ago, one USD bought 1,500 Lebanese Lira.
Websites monitoring the exchange rate said the lira closed at 38,500 last month! Hyperinflation set in.
Workers were being paid the same, but interest rates skyrocketed.
The same patterns are repeating in other countries, with erratic movements in exchange rates globally.
If you think this won't happen in your country, think again. We are all on a global freight train heading towards the mother of all brick walls, and the general public for the most part is totally oblivious.
Eventually the central bank currencies will be ushered in riding the horse of salvation, trumpeting rescue for all, and most will buy into it hook, line and sinker.
Explore what the Atlantic Council has to say about Central Bank Digital currencies (CBDCs)
Central Bank Digital Currency (CBDC) - creating programmable money and improving transparency in money flows
Did you know that the implications of terminology being pushed, i.e., “low impact”, “human progress” and “digital connection to everything” (such as with the Internet of Things (IoT)) are TOTALLY anti-human in their intention?
With the environmental excuse and the plan to digitise all humans and habitats, linking you up a Digital ID and ID implants, this is not farfetched when it is truly seen for what it is.
If you are not linked up via a digital ID, you will not be able to access your finances once this becomes the new and only currency.
Did you know that with the digital currency implementation, every single transaction will be taxable?
This will include your children’s pocket money, garage sales, local markets and fundraising for ill friends.
Every transaction will be recorded, thus being taxable.
Sky News speaks out on the Central Bank Digital Currency
What else does the World Economic Forum (WEF) and your Government have in store for you in conjunction with the digital currency?
Watch Yuval Harari, key advisor to the WEF's Klaus Schwab, declare how the WEF has successfully infiltrated governments, and why DATA from humans is the new wealth generator more than ever before in history.
This is not science fiction; it is an alarming fact.
Did you know that when all banks move to digital currency, you will no longer have freedom of speech or control over your money.
Your account can be easily switched off, should you disagree with the government line or corporate practices.
Digital versus paper, an American perspective on the effects of digital currency
The dangers of digital, how the Chinese communist system has infiltrated the west
Macquarie Bank, the Reserve Bank, the World Bank and the Big Four Banks, have clearly long-planned for the Fourth Industrial Revolution and implementation of the digital currency.
Alarmingly, they communicate their involvement in an anti-human tone, as though we humans must make way for technology, machine automations, sign up to the communistic Universal Basic Income (UBI), and forget about privacy, ownership and individual identity.
Anyone should be forgiven for thinking that humans are being viewed by these world players as a defunct and obsolete species, with data, digitalisation and carbon currency now overriding our value.
Here's what Macquarie Bank has to say:
"Most of this (data) growth is likely to come not in personal communications devices, such as mobile phones or computer-based traffic, as it has to date. Instead, it will almost certainly be the result of machine-to-machine (M2M) connections that form part of the internet of things (IoT).
This will effectively digitise most processes in our lives and the economy more broadly, from smart home appliances (which automate things like ordering groceries online), to industrial-scale manufacturing.
Edward Burley, Head of Digital Networks and Data, Australia and New Zealand, says that what is now making this possible is yet another technology – artificial intelligence (AI). “AI allows devices to talk with each other and operate independently, further accelerating the rate of data creation,” Burley says. “This, in turn, will drive the need for more – and different forms of – digital infrastructure.”
As 5G and AI change the way we live, Burley says supply to regional and remote areas will begin to become an issue, just as it has for 3G and 4G networks.
Here, he argues that new technologies such as low earth orbit satellites and edge data centres are likely to play an important role.
In response to this, we believe that with the rollout of digital currency, 5G and Smart Cities across Australia, the need for complete coverage will be essential.
“So far, telecommunications satellites have typically been geostationary, meaning they sit over one just part of the earth’s surface and need to be launched very high at great expense. But the commercialisation of space has made launching low earth orbit (LEO) satellites surprisingly cost-effective,” Burley says.
“These satellites sit between 200km and 2,000km above the earth’s surface and orbit the planet, and they’re already used by governments to perform tasks such as border patrol and domain awareness.” “We’re likely to see a constellation of LEOs used to supplement 5G networks based on the ground, creating a new wave of potential digital infrastructure assets in space.”
The increase in local Satellites was confirmed by NBN at a Business NSW Tech Summit held on the Central Coast in November 2022.
We cannot help but reflect on the possibility of these thousands of satellites 200km above the ground, occasionally falling out of the sky, polluting stargazing, and the likelihood of them being seen in daylight.
Who is paying for all of this digital infrastructure?
Burley notes that, so far, private capital - especially pension funds - have been utilised to fund much of the world’s future digital infrastructure requirements. However, those stepping in to capitalise on current opportunities will need to account for a more nuanced and complicated landscape.
“Fund managers will have to be mindful of the new political landscape in which digital infrastructure operates but they also have the opportunity to look beyond what’s traditionally been perceived as infrastructure to access new assets - both physical and non-physical.”
“If they can, he says, it will be private capital, more so than governments and corporations, who will play the pivotal role in standing up the infrastructure for the digital age.”
Industrial Revolution 4.0 - Digital Connections and Mankind
The Commonwealth Bank has written a similar paper reflecting anti-human sentiments and a magic crystal ball on the future of the workforce.
"Most importantly, we have to address, individually and collectively, moral and ethical issues that make us question the human condition. We have to rethink our ideas about economic and social development, value creation, privacy and ownership, and even individual identity. The Fourth Industrial Revolution also raises many questions around the future of work and jobs".
Some experts predict that automation and new technologies will reduce the global job market by seven per cent. In response, many countries and states around the world are trialling a concept called UBI, or Universal Basic Income – a periodic cash payment unconditionally delivered to all, without means-testing or a work requirement.
Digital currency will sit behind the UBI as an easily monitored and controlled payment system.
Supporters of UBI argue that it would not only mitigate the effects of the joblessness expected to follow automation, but also free up time for people to spend on more creative pursuits, solving the world’s real problems rather than doing chores.
You will own nothing, afford nothing and be happy.
