• The Endgame: Central Bank Digital Currency

In order to fully control people, they need to control what they can buy, and sell, and how much they can do without permission. The slave state is expanding, and if humanity allows this to happen, quite frankly, we deserve it.

In an April 10th document published by the International Monetary Fund (IMF) called IMF Approach to Central Bank Digital Currency Capacity Development, the masters reveal their plans to subjugate humanity further. In this document, there is a section included about the development of a living CBDC Handbook for monetary authorities to follow.

Chapters 8–11 should be of particular interest to us slaves, as they relate to the centralized control over our lives using CBDCs that we, the “consumers”, are most concerned about.

Alexander Lee of the US Federal Reserve wrote in June 2021, the term “programmable money” remains ill-defined. Lee differentiates between “programmable money” and “programmability.”  He defines “programmability” as the “mechanism for specifying the automated behavior of a digital form of money through a computer program.”  And he identifies two components of “programmable money”: a digital form of money and programmability.  However, Lee warns, “It is not clear whether these components alone are sufficient for a definition, given that various combinations of similar technology for payments automation have existed for decades.” -Daily Exposé

CBDCs are going to be the strongest invisible chains humans will willingly tie around their own necks. The slave system we live under now will be nothing like the slave system with a CBDC in charge. The Federal Reserve already has a stranglehold on the economy, however, cash makes it possible to do a transaction that the ruling class is unaware of.  That level of privacy won’t exist with CBDCs, especially considering their goal is to make sure people are compliant slaves with no escape.

If designed inappropriately, CBDCs have the potential to be used as tools of surveillance and control by governments. Every transaction is recordable and any authority with access to the CBDC ledger could see all transactions. They could also control individuals through the ledger – such as putting expiry dates on their CBDC, limiting how much they can hold, varying interest rates and prices depending on who they are, preventing purchases, and automatically deducting fines.

The combination of digital identity and CBDC is also a big risk. Access and addressability are needed for digital payments but these are different to digital identity. In a world of programmable money, digital identity can go beyond just enabling access to your funds. Use of those funds can be made conditional on attributes of your digital identity. If those funds are in CBDC, then the central bank and by implication, the government can control directly how you spend and receive money. –The Risks To Society Of Central Bank Digital Currencies

Of course, this won’t be sold to the masses as the slave system it truly is. Remember, all of these systems are only in place now because the people actually believe they are free. Once the slaves know they are slaves, the entire empire (every government) will crumble to the ground. The only moral standpoint is to oppose slavery in all its forms.

Article cross-posted from SHTF Plan.

The IMF’s Spring Meetings this year saw the announcement of the organization’s own, “international central bank digital currency” called the Universal Monetary Unit (UMU, aka Unicoin).

The IMF said in a statement that UMU functions like a CBDC and is a legal and global money commodity. The purpose of this particular iteration of a CBDCs is to make sure banking regulations are enforced, as well as to protect “the financial integrity of the international banking system.”

This currency will be used by banks via SWIFT codes and bank accounts linked to a UMU digital wallet.

The scheme is supposed to allow for digital cross-border payments modeled after SWIFT, and promises best wholesale exchange rates of settlement currencies and real-time settlement, “while bypassing the correspondent banking system.”

At the same time, IMF officials are describing the current cross-border payment system as slow, expensive, and risky, while declaring that UMU’s goal is not disruption of the international monetary system – such as it is – but rather, to further “strengthen” it.

Not only that, but the IMF looks set on rebranding the term “crypto” – normally associated with decentralized digital currencies that leave central banks and governments out of the equation. “Crypto 2.0” is how the IMF would market UMU, and likely, CBCDs in general.

Meanwhile, critics of CBDCs are using strong words to express their opposition to the trend, with some calling it a path toward financial slavery that is always a handy companion to political tyranny.

More criticism has to do with CBDCs being seen as a way of introducing social credit scores and digital IDs, thus having individuals fully ceding to the government control over their own assets and/or the amount they spend.

Unlike cash and decentralized crypto, CBCDs are feared to spell the end of private financial affairs, and usher in even more surveillance by the authorities.

Article cross-posted from Reclaim The Net.