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Interested in "Central Bank Digital Currency?"

(the system which is in preparation worldwide and which will certainly be applied in a year or two, without any doubt whatsoever.)

If you are really interested, and you have a half hour free to read it, then this competent, scholarly but clear article is well worth your time.

Prepare to be shaken by the future that is being shaped for you

https://www.ukcolumn.org/article/contexts-for-central-bank-digital-currency
Confined · 56-60, M
It’s unlikely, to put it mildly, that the huge work of building the technology for the Digital Pound on which the Bank of England has embarked will be rejected by HM Treasury when it’s completed. How, then, are they going to implement it against the expected resistance? [b]The simple answer is, in conjunction with the technologies and programmes of the Global Biosecurity State and the regulations and restrictions that enforce them.
[/b]
Implemented as mere upgrades to the infrastructure of the nation state, these will fundamentally and perhaps irreversibly change the social contract between the citizen and the state, and [b]with it the ability of the ruled to scrutinise, influence or hold their rulers to account. Largely unknown to a general public preoccupied with pronouns, the Royal Family, hugging Volodymyr Zelenskyy and alien invasion, these include, but are not limited to, the following.[/b]
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Universal Basic Income for the millions of workers, primarily from white-collar jobs, made redundant by the new technologies, markets and programmes of the Fourth Industrial Revolution and the Great Reset of Western capitalism it has enabled. It’s not impossible that reception of UBI will eventually be made conditional on accepting a Radio Frequency Identification (RFID) chip implanted under the skin that would not only allow us to receive and make payments, but also for the state to track our movements and monitor and limit those payments. One might soberly reflect that no-one is going to give us ‘free money’ unless they have absolute control over how we spend it.

One communist world under one tyranical leader. It wont be Joe Biden or any democrats, they will be the first sheep to be executed under the new communist leadership.
ArishMell · 70-79, M
I can understand an international arrangement to facilitate normal bank transfers from country to country; which in a practical sense are largely digital now anyway.

However, such a scheme might be advantageous if it removes using any single nation's currency (such as the US Dollar, the Euro, Pound or Yen) as the reference level; but also, hopefully, if it can be used to end the currently unofficial, unregulated, insecure, fraud-ridden world of so-called Cryptocurrency. If so, that would not be before time.

Already the banks are becoming very wary of customers transferring money to or from schemes like Bitcoin; placing transaction limits or even preventing them, before yet more become victims of the shady "cryptocurrency" entities.

That caution by banks, and perhaps the cryptocurrency "traders" themselves, might be the source of the scares about governments wanting to control personal finances (beyond national taxes and benefits, of course).
No thanks. It was a bad idea to let private companies control the production and supply of money to begin with. Switch from fiat to digital and the central banks will control who has it, who can and cannot spend it. When it can be spent and on what goods.
WalterF · 70-79, M
@BizSuitStacy We have no choice. I can't see how it can be avoided. Unless they goad Putin too much... and then we'll have problems of a different magnitude
There's a good chance I'll be dead before this goes into operation.
That's not saying it will happen long from now.
I'm looking forward to my death more than I am to Central Bank Digital Currency, and, all the other wonderful aspects of living under a totalitarian government. 😒
@WalterF Anything is possible, but I have a sense Putin will be taken out of office [b][i]somehow,[/i][/b] by hook or by crook, before 2025 is over. One can only hope. 🤞 These days, I'm so disgusted with this whole F**&%$g mess and all the nonsense that goes with it, honestly, I'm ready to leave it all behind.

I know there's a much better life waiting for me on the other side.
At some point, it's going to be a blessing to be an Earth School dropout.
WalterF · 70-79, M
@PhoenixPhail Agreed, but does a man before God have the right to terminate his own life?
@WalterF Yes. Free will. And, there's no damnation about doing so.
That belief is a cultural thing.

[media=https://youtu.be/ShS4crwN6xQ]
MrBrownstone · 46-50, M
WalterF · 70-79, M
@MrBrownstone Just that it'll be the final fatal stranglehold on individual freedom

 
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