you are viewing a single comment's thread.

view the rest of the comments →

[–]penelopepnortneyBecome ungovernable 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

CBDCs, as envisaged, will replace money with something fundamentally different — a tokenised, programmable system of money over which government and central banks will have total, centralised control. In the words of the German economist Richard Werner, the CBDC revolution will turn your money into “conditional, potential money,” allowing the “disabling, freezing, cancellation or simple reduction” of your funds. This will all be happening at the same time as digital censorship laws are proliferating throughout the world.

[–]penelopepnortneyBecome ungovernable 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

In the US, some central bankers, including Neel Kashkari, the president of the Federal Reserve Bank of Minneapolis, and Michelle Bowman, a Federal Reserve governor, have even questioned the need for a CBDC altogether. Fed supervision chief Randal Quarles went further, describing CBDCs as an embarrassing fad, comparable to the parachute pants made famous in the 1980s by rapper MC Hammer. US lawmakers, including the House of Representatives’ Majority Whip Tom Emmer, are also trying to preemptively prevent the Federal Reserve from issuing a CBDC that would enable the authorities to monitor and track the financial activities of Americans.

Encouraging but no doubt this way of looking at it won't prevail.

[–]EddieC 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

What "the X and the Anti-X" do can be described as the ratchet effect:
entrenching the status quo, by distracting from
i.e. in this case:
(1) the real problem: Fiat Money itself
(2) the real solution: Local Currency

 
The People of Wörgl in 1932 proved these were (& are) not necessary even at the height of the Great Depression - they thrived with their local currency:

  1. fiat money - the means to devalue income & wealth - theft by stealth
  2. the banking system - the key enabler of the theft by stealth
  3. fractional reserve lending - the key mechanism of theft by stealth - who the loans are made out to further extends theft by stealth into other non-monetary spheres
  4. savings, in the hands of corporations @ the Hierarchy - leveraged to further their agenda
  5. central policy makers - politicians & bureaucrats - they are part of the Hierarchy

These actually work against their (and our) interests.

 
In 1933, the Central Bankers (in Austria, but representative of elsewhere) showed who they really work for when they banned the Wörgl local currency - a true litmus test - that also inversely proved the above.