Central Bank Digital Currency (CBDC) is just that: Digitised versions of the Dollar
Digital currency will be directly issued by a Central Bank linked to the privately-owned World Bank and that means you will have a direct account with the Central Bank who issues it, not your chosen bank, in Australia it's The Reserve Bank.
The Reserve Bank will have TOTAL control over your money and spending and even if you have an account with a local bank, your account will link directly back to the Reserve Bank and World Bank. Digital currency is globally controlled. We are speaking of digital currency not just as in digital payments and digital transactions but as a full replacement to hard physical currency, where the physical $dollar will no longer exist.
In the decades leading up to now, there has a been a WAR on CASH. Visa and Mastercard debit cards were promoted, tap and go, pay wave, the closing down of bank branches, being questioned when making a sizable withdrawal, online shopping and Afterpay.
We know that the ATO and their love of quadruple taxes on each dollar can be partially blamed, they also claim that combatting fraud and criminal activities is the reason for a move towards digital. But it also means TOTAL CONTROL over your money.
Digital currency is reduced to data on a computer, programmable code/data that has no value other than what is it allocated, it sits in the Cloud, relies on the internet, is non-physical and is essentially value-less in any real terms. It is linked up to all other digital records that currency is attached to.
Digital currency is different to hard currency and different again to cryptocurrency. For more of a breakdown and how crypto currency differs from digital currency read more in this article
"...unlike crypto, (digital currency) it would not have any encryption preserving anonymity. In fact, it would be totally the reverse, potentially ending financial privacy. By far the most dangerous idea is that any future digital currency should be “programmable”. Meaning the people issuing the money would have the power to control how it is spent, by YOU" Read the full article on how digital currency will be controlled here.Kit Knightly
Australia has long been testing the Digital Currency path and have recently come out with the news that The International Bank of Australia is now approved to launch digital currency cross border payments. This is just the START. Australia is not the only one going down this path. What does that mean? It means the start of a slippery slope towards a fully cashless society.
True to style, Australian tyranny will be imposed unofficially. The Australian government will make a big show of renouncing their own power to program the money, but at the time will take no steps to prevent large companies or NGO's from doing so. Thus washing their hands in true Scomo fashion and allowing this to come through the back door while claiming ZERO responsibility. The unspoken yet Smart City blueprint of state-corporate partnership that defines true fascism. Only if we let them by doing nothing.
Who's pushing the Digital Currency?
The Bank for International Settlements (BIS) located in Basel, Switzerland (says it all really) is owned by and has its capital held by Central banks, The Reserve Bank of Australia being one such member. It classes itself as the international bank for all banks. The BIS which has ties to the World Trade Organisation, The International Monetary Fund, the WEF and to the UN, has been pushing for the digital currency.
Where there's a Web, there's a Spider
The web this weaves all leads back to a Digital ID (ID2020) for every human, geotags for every spec of rice, every animal, a price on invisible carbon, with the end result being wealth creation for global elitists and global bankers. You will own nothing and be happy.
"Global bankers (the same old crowd) and their related global proxies, have completely dominated the World Bank for its entire history. Collectively and individually, they have always operated purposefully and consistently for their own self-interested, financial gain" For more on the history and intertwined relationships between The BIS, World Bank, Central bans, Reserve Banks read this eye opening article.
Digital ID and Digital Currency implementation has been implemented in Africa, Mexico and South American countries first. Bribing the poorer nations to adopt this sinister Machiavellian system - why? It is because they are more easily controlled and are desperate to receive food and services, especially from the Non-Governmental Organisations (NGOs) who have for decades been making many in these communities dependent upon them.
These people have had their freedom and autonomy removed through dependency on the State, and total Digital Currency will make us all totally dependent too.. Western countries are jumping on this and the linked Digital ID, supported by the World Economic Forum (WEF), Bill Gates ID2020, The World Bank and alliance organisations.
"I Can See Why China Was Doing It If They Wanted to Monitor Everyone of Your Transactions."Neel Kashkari President of the Minneapolis Federal Reserve
CASH is KING - Use it - Don't lose it