IMF Proposes Global Central Bank Digital Currency in Move Toward Cashless Society – So They Can Control the People

In a development that seems more dystopian than dynamic, the International Monetary Fund (IMF) announced its plans to develop a global Central Bank Digital Currency (CBDC) platform. This decision raises significant questions about monetary sovereignty, financial privacy, and global equity.

While IMF Managing Director Kristalina Georgieva argued for the need for global CBDCs at a conference attended by African central banks in Rabat, Morocco, critics are skeptical.

This has got to be refused..

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rfatoday · 61-69, M

If information is handled digitally and passed over any network of any scope and size, it can be captured and information parsed. Doesn’t always mean it will be captured and analyzed, and some is obviously highly encrypted. However, to assume the fact I hypothetically sent a digital currency donation to the National Rifle Association Institute for Legislative Action would not become known to a third party, is extremely naive. In fact, in the digital world, some entities could be disallowed reception of funds just by toggling a bit.