Behind the CBDC hides the totalitarian ambition to replace cash with the most formidable tool of surveillance and control in the history of humanity.
One CBDC to control them all
The freedom to pay is as fundamental as the freedom of expression. As Evelyn Hall said in her book “Friends of Voltaire” :
“I don’t agree with what you say, but I will fight until the end so that you can say it”.
Voltaire said for his part that a “Paper money, based solely on trust in the government that prints it, always ends up returning to its intrinsic value, ie zero”.
Today, these two quotes come together. What Voltaire was talking about is inflation. Increasingly palpable inflation due to physical limits to growth. What pushes many central banks to floor on the CBDC.
In a speech given on June 22 During the Global Official Institutions Conference organized by BNP Paribas, the Governor of the Banque de France François Villeroy de Galhau underlined the inescapable nature of the digital euro.
He raised the following question: “As everything goes digital, why should central bank money be the only thing to stay in paper? » ?
What the governor does not say is that this ce “Cash+” will be programmable. In other words, the use of our money will one day be conditioned. Any excuse will be good enough to ration us.
Moreover, what could be more effective than cutting off an individual or an organization to silence it? Censorship in the 21st century will be monetary and the end of cash is certainly high on the agenda of the powerful.
Monetary censorship
Here is a non-exhaustive list of monetary censorships of recent years compiled by the site underorion :
🇺🇸 2010: Visa, MasterCard and PayPal block donations to WikiLeaks
🇺🇸 2010: An IRS official admits that the agency looks closely at groups with names like “Tea Party” and “Patriots”.
🇺🇸 2013: US government pressures banks to “debank” gun dealers.
🇮🇪 2016: Closure of bank accounts of pro-Palestinian activists in Ireland.
🇺🇸 2017: PayPal bans Jihad Watch and site director Robert Spencer from accepting donations.
🇺🇸 2018: Twitter-like service GAB claims to have been placed on a banking blacklist.
🇩🇪 2018: Nicolaus Fest, German AfD politician, loses his bank account at Deutsche Bank.
🇦🇹 2020: Austrian activist Martin Sellner claims to have been blocked by 17 banks.
🇸🇪 2020: Swedbank terminates journalist’s bank account without cause.
🇺🇸 2020: Patreon Alternative is banned by MasterCard.
🇺🇸 2021: PayPal and Venmo ban the organizers of the “Stop the Steal” rally. Stripe, Shopify and GoFundMe have done the same.
🇺🇸 2021: PayPal permanently bans its services to Freedom Phone, just like Shopify and Amazon Pay.
🇺🇦 2021: The real estate and bank accounts of Ukrainian journalist and politician Anatoly Sharij are frozen.
🇨🇦 2022: The Canadian government freezes the bank accounts of truckers protesting against the obligation to get vaccinated.
🇺🇦 2022: Ukrainian politician Anatoly Sharij claims Binance exchange has used his funds.
🇺🇸 2022: Visa, Mastercard and American Express add an ISO merchant category for gun retailers following political pressure. This paves the way for sharing information with third parties (eg who buys a gun…).
🇺🇸 2022: British journalist Toby Young, editor of the Daily Skeptic, has his account and the company’s suddenly suspended by PayPal.
🇺🇸 2022: PayPal attempts to impose a $2,500 fine on users suspected of spreading misinformation on social media.
🇬🇧 2022: Santander UK announces limiting access to exchanges allowing the purchase of bitcoin.
🇧🇷 2022: Brazil’s Supreme Court orders banks to seize/freeze protesters’ funds.
🇬🇧 2022: UK bank Nationwide imposes a limit on transfers to exchanges allowing the purchase of Bitcoin (after similar measures taken by Santander, TSB, Virgin Money and Starling Bank).
🇳🇬 2022: Nigeria caps cash withdrawals from ATMs to encourage people to use CBDC eNaira.
🇺🇸 2022: Senator Warren presents a new bill to ban having your own bitcoin wallet.
🇸🇪 2023: The Swedish Marginalen bank blocks the bank account of the media SwebbTV.
🇸🇪 2023: A former SD politician is denied opening a bank account by Nordea.
🇸🇪 2023: The insurance company If puts an end to the activities of its customers who do not have a lifestyle “sufficiently durable”.
🇦🇺 2023: Westbank bans Binance from its customers
Recent and salient examples of cases where the citizens of a country have seen their savings literally stolen by the banks:
🇨🇾 2014: Banks confiscate all savings above 100,000 euros.
🇱🇧 2022: Withdrawal limits and massive devaluation of the currency after the explosion of a ponzi organized by the Lebanese central bank for years.
A monetary totalitarianism that sports all the trappings of a dystopia is in the making. Bitcoin is our defense against the pangs of hyperinflation and CBDC’s nightmarish social credit drift. Our latest article on the CBDC.
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