The World Economic Forum (WEF) has called on Western nations to “urgently” ban cash and implement a Chinese-style social credit score system amid growing and widespread public skepticism against the globalist agenda.
The WEF urged world leaders to begin fast-tracking the implementation of CBDC’s during the “Summer Davos” event this week.
CBDCs are digital versions of national currencies, touted to bring about an efficient, secure, and accessible monetary system. However, in reality the digital currency will hand total financial control of people’s live over to central banks and governments.
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Infowars.com reports: In a report, timed for release with the event this week, the WEF listed “advancing cashless societies” as one of the strong motivations for introducing CBDCs. “Focusing on reducing cash use, promoting digital payments and enhancing financial literacy to drive economic growth and increase efficiency, while balancing privacy concerns,” the report states.
Though it doesn’t say exactly how “balancing privacy concerns” will be addressed.
The conference this week brought attention to the stark reality of physical money becoming a relic, as Eswar Prasad, a Cornell University professor, emphasized during his speech.
Prasad enlightened the audience on the duality of CBDCs. He marveled at their potential benefits but also cautioned against the possible perils. One of the intriguing aspects of CBDCs, according to him, is their programmability. Governments could engineer these digital currencies with the ability to expire and to dictate what they can or cannot be used for.
“We are at the cusp of physical currency essentially disappearing,” said Prasad, thereby underlining the gravity of the situation.
Imagine a world where your money has an expiration date or is tailored to permit the purchase of certain goods while explicitly prohibiting others. Prasad expressed his concerns by saying, “You could have a potentially … darker world where the government decides that units of central bank money can be used to purchase some things, but not other things that it deems less desirable like say ammunition, or drugs, or pornography, or something of the sort.”
He warned that this level of control could be a double-edged sword, with the government’s ability to guide economic and social policies through currency itself. The integrity and independence of central banks could be severely undermined if digital currency is manipulated in such a way.
Let’s be honest, most people have no money anyway.
BECAUSE OF BLACKROCK!!!! MORON!!!!
I always enjoy your comments Klaus!
VIA BLACKrock-ss
abolish the central banks and their printed up non backed currencies.
They won’t need them obviously to pretend they’re running banking any longer.
YEA its the banks we heard your nine millions PLUS you dope dealers and illegal fire arms E ORG CRIME ring(SS)s
Here’s to you Klaus. https://uploads.disquscdn.com/images/89b6aaaf1f90ee8f5aa0ddc54b9e8fedcadfc933183004bd42a5696adc441a93.png
There’s a tree waiting for him in Davos.
Schuck Fwab.
Yeah we recognise the truth in your false identities
Says the faceless factless MORON!mous
Yeah, hurry before too many figure out they are being trapped.
They won’t ban pornography or drugs they will ban people like Farage, They closed his families bank accounts too even before his so gave him fair warning but he got seduced by the trick awards and his popularity as a journalist into thinking popularity amongst his peers was some sort of protection No it isn’t and never has been Its another illusion .The princess De Lamballe was the leader of the French women’s Freemasons It didnt save her John Lennon was loved by milli9ns , JFK , Marilyn Monroe etc etc etc It doesn’t protect .
Remember? GOD, PRAYERS, and FAITH is our Weapon to fight Evil!
PRAY for them to turn away from Evil.
GOD WILL HANDLE THE REST!
WTF God gave you fists to fight off evil, feet to kick it’s ass, and free will to choose to stop it yourself – not just ‘leave it up to God’ you lazy baztard. Imagine if farmers thought like you, we’d all starve.
“GOD, PRAYERS, and FAITH is our Weapon to grow crops. PRAY for them to grow and GOD WILL HANDLE THE REST!” Pathetic.
If its true, klaus and his libtardians can fo
[[[They]]] are desperate because they’ve completely lost the narrative. Nobody’s buying into their climate scams anymore, universally people are turning against the lgbt community, school boards are being decimated by raging parents, and most are ready to hunt pro-peedo trannies down in the streets.
[[[They]]] don’t have any other options for control. Now is the time to DEMAND THEIR ARRESTS.
SAY YUAN?