DOWN THE RABBIT HOLE: Digital Currency, Central Banks and what we stand to lose

What do we stand to lose if the Central Bank Digital Currency scheme is implemented in the United States?

I have talked about this topic in a past column, so if you haven’t read it, please do.

Those of us who believe in just letting people know what they stand to lose with some of these schemes being hashed out – well even we have opinions and mine is this CBDC problem is going to cost us our freedom.

So, if you hate what China stands for now,  just wait because China lives under a tyrannical digital currency  scheme on steroids.

Oh, and by the way, the CBDC it already being implemented in New York under the guise of a pilot program… wink, wink!

Investopedia reported last month, the New York Fed recently launched a 12-week pilot program with major banks (i.e., the banks aligned with the Central Banks are part of the problem, not the solution – Citi, Mellon, Wells Fargo, HSBC, Mastercard, PNC, Trust Bank, to name a few).

These banks are now issuing tokens and settling transactions through Central Bank reserves as part of the pilot.

The article noted, “The project is the most significant step to date in creating a digital dollar to improve financial settlements. The Biden administration has recommended the creation of a digital dollar and the U.S. has recently began putting resources into the effort.”

Thanks Joe, I think I’ll keep my cash. Wonder if that’s why he signed Executive Order 14067 – his 83rd executive order to date.

It’s like the man is addicted to signing these orders. This one is about ensuring responsible development of digital assets.

I can promise you one thing, when the digital currency does strike – if we let it – it will be ensuring the government has pretty much clamped down on our freedom.

But you can be sure, it will happen slowly like most things do so people look back scratching their heads after it is too late.

Recently, Fox News reported Nigeria began to limit its citizen’s cash withdrawals to $45 per day.

It reported, “The policy – which will also apply to banks and cashback from purchases – follows the launch of the West African nation’s newly designed currency notes to control the money supply.”

Just as a note, Nigeria launched its CBDC fancy Central Banking system about a year ago.

Then Bloomberg reported this digital currency plan failed because less than 0.5% of Nigerians were using the digital currency.

So, the government decided to dictate citizens would no longer have a choice about digital currency.

According to a news report, U.S. banks have closed a total of 3,324 branches in 2020, while only opening 1,040 according to S & P Global Market Intelligence. 

The trend was said to have continued in 2021 and a hypothesis is if things stay the same banks will be extinct by 2034.

A clip from our favorite busy body organization – the World Economic Forum – had a woman speaking (whose name I did not catch) saying, “We are on the brink of big change where we are about to – and I will say this boldly we are about to abandon the traditional system of money and accounting and introduce a new one.

“The new accounting is what we call blockchain. It means digital, it means having an almost perfect record of every single transaction that happens in the economy, which will give us far greater clarity over what is going one.”

Did you know that as of last year, Blackrock owns just about everyone and everything these days – i.e., they are just one step away from the puppet master.

Well, they now own 7.50% of HSBC Holding Plc (in China), making Blackrock the second single largest shareholder after Ping An Insurance.

In China – you know that country we love to hate because of its dictator!

In the game of follow the money, I don’t know about you, but I am clearly seeing who owns the puzzle pieces that are fitting together so well under the feel good manipulation of “it’s for your own good.”

Another big fat insult, Biden recently announced what he called “a new initiative of a digital transformation with Africa.”

He is now working with congress to invest $350 billion of American dollars to facilitate more than almost half a billion dollars in financing to make sure people across Africa can participate in the digital economy.

He got the entire sentence correct, but I was scratching my head along with many others wondering what the heck he was talking about. And the fact   I couldn’t stop laughing because it’s all getting a bit preposterous now on so many levels. My takeaway, hey Joe, can we keep the $350 billion here in this country because Americans could kind of use the money – you know?

Author Richard Werner,  a top academic scholar in the world of central banking recently said in an interview that an executive director of a Central Bank in Europe explained digital currency will eventually come down to a digital chip, that is what they want.

On the Dan Bongino Show he explained how one former Chinese Bank Executive at People’s Bank of China revealed the elites will attempt to force Central Bank Digital Currency on the population.

This is a good way to control the people overall since digital money can and will be watched and controlled by government sponsored entities.

Used as a surveillance tool it can decimate a person who has been forced or who has decided willingly to give their power to the government without asking questions. Using the words financial inclusion, that’s a feel-good term for taking your rights away for anyone who is not okay with dancing to the drumbeat of communism.

That’s what I am reading anyway so, just sayin’ – don’t shoot the messenger.

In Australia it has been reported the Social Credit System was recently introduced for people in that country to access the internet by a digital ID. It was reported citizens need 100 points of identification to use social media and the police will have access to all accounts including private messaging.

One banking official said he believes the CBDC system will happen, and it will begin with governments telling its citizens fiat system is broken.

He said, “They will say it has nothing to do with them overspending year after year (did you hear the US government recently lost $2 trillion - it just went missing - oops).

The government will then blame something else and poof you have a crisis that only digital currency can cure.

It is safe to say no matter what side of the aisle you sit on that digital currency will be the biggest change to our lifestyle ever – as in you can’t go to the grocery store, the doctor or anywhere else without being tracked. Those studying the issue also seem to be convinced that depending how good you are (i.e., follow the rules with no fuss) will determine where you can travel, what you can eat, drive, where you can work… yeah dystopian beyond our wildest dreams.

One more little thing. Did anyone know the new Prime Minister of the UK Rishi Sunak who was not actually elected to that seat – even by his own party - is also affiliated with none other than WEF’s Klaus Schwab.

Rishi wife is a shareholder in INFOSYS receiving a dividend of 11.5 pounds per annum – the company is India’s State Digital ID system.

Daddy of Rishi’s wife Narayana Murthy is the cofounder of INFOSYS, and he works closely with the World Economic Forum and, drumroll - he runs the largest digital ID and social credit system in the world.
So, you say, the CDBC requiring your digital ID, what is the big problem?

Do your research and decide for yourself if you want every single transaction in your life to be logged and registered on an open ledger.

It has been opined the Central Bank Digital Currency along with the vaccine passports and digital ID will snap the fourth fence into place so you can’t get out thereby locking down everything financially and digitally, it has been called the “digital concentration camp.”

I think I’ll just stay home.

Rita Cook is a freelance writer for The Ellis County Press. She can be reached at rcook13@earthlink.net.