Fifty American MPs are proposing a law to nip the Orwellian CBDC project in the bud.
What is a CBDC?
CBDC (Central Bank Digital Currency) is a central bank digital currency. For the moment it is mainly presented as a simple digital version of bank notes.
Almost all central banks work on it. Prototypes are already in circulation in several Chinese, Russian, Indian, African, Thai, Turkish, Ukrainian, Japanese, Saudi, Tunisian, Swedish, Australian, Korean cities (21 countries in total).
Nigeria is the only major country to have officially launched a CBDC. Governor Emefiele was clear: “The goal is for the Nigerian economy to operate 100% cashless.”
This is wishful thinking when we know that it took 25 days for 500,000 wallets to be downloaded and 206 days more to reach 700,000. According to the International Monetary Fund, 98.5% downloaded wallets are not used.
Faced with this obvious failure, the authorities tried to force the hand of the 200 million Nigerians by orchestrating a shortage of cash. But despite this gimmick, the adoption of eNaira only reached 6% Population.
A meager result at the cost of riots which broke out throughout the country and an accelerated adoption of bitcoin in this most populous country in Africa.
Nigeria is part of the top 3 in the world (with India and Thailand) in the “2023 Global Crypto Adoption Index” ranking of Chain Analysis.
What is a CBDC for?
The ulterior goal is to put an end to cash. The ECB project is also called “cash+”.
Ultimately, it’s about gaining absolute control over how we spend our money. The spearhead country in this area is China, the nation of social engineering par excellence with its flagship project: the “ Social Credit “.
Hard to believe, but the CCP analyzes private data (purchase and internet browsing histories, criminal records, student report cards, etc.) in order to push model citizens up the social hierarchy and undermine the freedoms of others .
A high social credit allows, for example, to wait less time for treatment, to obtain a promotion more quickly, to pay less for public transport, to borrow more money, etc.
Conversely, outcasts are prohibited from traveling by plane or TGV, from accessing certain schools, from borrowing a lot of money or from obtaining social assistance, etc.
Of course, biometric data is also part of this dystopian cocktail. In particular facial recognition, which is reminiscent of the shitcoin Worldcoin and its iris scan…
Programmable currency (packaged)
This is the grand design: to ration everyone according to their ways of living. The central bankers will deny it using the good old salami technique. But no one is fooled anymore.
Here is a recent statement from the British government, forced to explain itself following a petition:
“The government has no plans to schedule a CBDC or restrict how money is spent. […] If end users request programmability features, these will be designed by private sector wallets [les banques privées] and users will have the opportunity to use them if they wish. »
Same story with Christine Lagarde. The President of the ECB tried to exonerate herself by declaring that “those who can program the CBDC are the intermediaries, that is to say the private banks.
“It’s their job. They know how to do it. But if we have to say that a euro is a euro, cash or digital, then for us it cannot be programmable. It can be associated with conditionality, which is different, but it cannot be programmable.”
In short, central banks would like private banks to do the dirty work. This is already the case via weekly withdrawal limits. After that ? Rationing to limit inflation and CO2 emissions into the atmosphere?
This totalitarianism must never see the light of day. The necessary sobriety in the face of the physical limits of growth must come from manufacturers, and not be imposed by a humiliating Orwellian surveillance system.
The United States is up against the CBDC
Fifty US lawmakers have reintroduced an anti-CBDC bill (Anti-Surveillance State Act) to ensure that money does not become a tool of control.
Republican Tom Emmer declared this Wednesday that the “President Biden is willing to compromise the American people’s right to financial privacy for a CBDC. […] Ultimately, a CBDC is nothing more than a communist surveillance tool that can force Americans to change their way of life.”
Ron DeSantis, the Florida governor vying for the Republican presidential nomination, has publicly criticized CBDCs. His opponent Vivek Ramaswamy compared CBDCs to the Chinese social credit system:
“CBDCs are just the latest Trojan horse of the Great Reset. It leads to social credit and the integration into the core currency of ESG ideology. »
Democratic candidate R. Kennedy has declared that the “bitcoin is the escape from CBDC”.
Bitcoin has many advantages, and above all that of being the only currency available in absolutely finite quantity.
In the event of cash disappearing, it will also be the only anonymous and unconditional means of payment.
Bitcoin is our first line of defense against the ramblings of the World Economic Forum and its CCP acolytes.
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