Cryptocurrency: CBDC Digital Fiat WARNING BELLS GOING OFF

[grarpamp]

Are you sheep awake yet?
Hello ?!?!
Time to Wake Up !!!


IMF Chief says Central Bank Digital Currency should be
used alongside Social Credit System to control what
people can and cannot buy.

https://expose-news.com/2022/10/19/imf-cbdc-social-credit-score/

https://twitter.com/nopara73/status/1581303361860927491
Can you imagine what'd happen if the government could track everything
you bought?

https://rumble.com/v1mny36-ed-dowd-covid-and-the-global-financial-collapse-a-tale-of-catastrophes-and-.html

https://twitter.com/BernieSpofforth/status/1585576453952905219
@GBNews: RISHI ‘TRUDEAU’ - at COP 26. ‘We want to rewire the entire
global financial system for net zero' Read that again. Don’t say you
weren’t warned!

https://en.wikipedia.org/wiki/Gosbank
State Bank of the USSR was the central bank of the Soviet Union and
the only bank in the entire country from 1922 to 1991. Gosbank was one
of the three Soviet economic authorities, the other two being
"Gosplan" (the State Planning Committee) and "Gossnab" (the State
Committee for Material Technical Supply).

https://twitter.com/BandyGit/status/1581677150511300609
The GM of the BIS, Oct 2020: ‘In cash we don’t know who is using a
$100 bill today…a key difference with the CBDC is that central bank
will have absolute control on the rules & regulations that will
determine the use of that expression of central bank liability.’
#UseCash

https://twitter.com/SBF_FTX/status/1582835613601890304
Hi, I'm a piece of shit too.

https://www.wsj.com/articles/biden-establishes-a-ministry-of-truth-disinformation-governance-board-partisan-11651432312

https://www.bis.org/publ/arpdf/ar2021e3.pdf
The technology ... equally induce a vicious circle of data silos,
market power and anti-competitive practices.

https://twitter.com/Resist_05/status/1584344875964588033
Klaus Schwab says the word won’t be run by superpowers such as the
US/China… it will be run by WEF stakeholders such as BlackRock/Bill
Gates.

https://www.youtube.com/watch?v=btF6nKHo2i0 John Perkins: Economic Hitmen

"We're not Conspiracy Theorists, we're the fucking Resistance.
Stick your New World Order up your Arse!"

The Beast from the Earth
Rev13:16 And he causes all, the small and the great, the rich and
the poor, and the free and the slaves, to be given a mark on their
right hands or on their foreheads, 17 and he decrees that no one
will be able to buy or to sell, except the one who has the mark,
either the name of the beast or the number of his name. 18 Here is
wisdom. Let him who has understanding calculate the number of the
beast, for the number is that of a man; and his number is six hundred
and sixty-six.

https://twitter.com/WhatBitcoinDid/status/1573283006835482624

https://www.youtube.com/watch?v=MMuIyspn7s0
Balaji Srinivasan's thoughts on Communist Capital vs. Woke Capital vs.
Crypto Capital. The core mandate of CBDCs is: "You must submit".
Bitcoin allows anyone to fight back by being self-sovereign.



  IMF Chief says Central Bank Digital Currency should be used alongside Social
            Credit System to control what people can and cannot buy

The deputy managing director of the International Monetary Fund (IMF)
recently explained how Central Bank Digital Currencies (CBDC) can be
programmed to determine what people are allowed to buy and insisted they
should be used alongside a China-style Social Credit Score system.

Unlike cryptocurrency, which is private, Central Bank Digital Currency
(CBDC) will be issued and controlled by the central banks themselves.

In many ways, it’s the same as banknotes, but that every single
transaction will be monitored for compliance.

By `Sikh for Truth' of Truth Talk

On Friday 14th October, the IMF streamed a meeting called “Central Bank
Digital Currencies for Financial Inclusion: Risks and Rewards.”

Speakers were Her Majesty Queen Máxima of the Netherlands, who’s also
the UN Secretary-General’s Special Advocate for Inclusive Finance for
Development. Kristalina Georgieva, Managing Director, IMF, and Bo Li,
Deputy Managing Director, and finally Cecilia Skingsley the BIS Innovation
Hub Director.

The meeting was about global financial inclusion, which they said had
improved over the past ten years, but almost a quarter of the world’s
adult population are still unbanked.

It’s hoped that central bank digital currencies would be affordable,
widely accepted, and safe instruments, which would address some of the
issues surrounding financial inclusion, among other things.

The live stream went under the radar for many but our buddy Tim Hinchliffe
over at The Sociable kept an eye on what was going on. Tim posted a video
of Bi Li, the Deputy Managing Director of the IMF, explaining how CDBSs
can be programmed.

He said: “The smart contract would allow targeted policy functions, like
welfare payments, consumption coupons, food stamps, etc.”

“With CBDCs, we can precisely control what people can and can’t own.
Also, what kind of use this money can be programmed for, like food
only.” – Bi Li

The key word he used was programmability.

Source

Bo li went on to say that because of this potential programmability,
government agencies could precisely target support packages to the right
people.

He went on to say that: “CBDCs can’t solve every financial inclusion
challenge, but they can work together with financial literacy and digital
literacy.”

So, a CBDC would work with other policies like digital identities and
digital wallets.

This goes hand in glove with what the World Bank Group described in
November 2021. “Digital identity verification is essential to the
operation of CBDCs, particularly in cross-border transactions. “

“Tradable digital assets must be tied to a digital identity system,
which in turn should be tied to an automatic KYC and AML/CFT verification
system.“

“This is a foundational step to the potential use of CBDCs, and emerging
developments in regulatory and compliance technology may benefit central
banks’ experiments in the digital currency space.”

Bo li described a CDBC as an eco-system, and that the data it would
produce would be very valuable to third parties.

When questioned on how this transactional data could be used, Bo Li
explained: “I can give you one example in China, those transaction data
can be utilised by service providers in credit underwriting.”

Underwriting is the process by which the lender decides whether an
applicant is creditworthy and should receive a loan.

“Those transaction data in terms of how many coffees I drink every day,
where I buy coffee, do I use UBER every day and what kind of working hours
I have.”

“Those non-traditional data can be very useful for financial service
providers to give me a credit score and based on that credit score the
service providers can give me a credit line without any face-to-face due
diligence.”

He continues to say that this “will create value in addition to finance
and that data can be very profitable, and that’s the value we are
talking about to make it attractive to private sector players to join this
eco system.”

It’s like the Chinese model, but every country has the option to do it
differently. There is limited privacy. The IMF, World Bank, and BIS are
also managing many central banks on these new products.

On the issue of data privacy, Cecilia Skingsley the BIS Innovation Hub
Director explained:

“What we just heard from Bo about credit scoring was a very good example
of how different countries will take different journeys to a ‘new
world’ where they serve their societies in the digital space.”

“We will all have different preferences and this preference on privacy
or anonymity is tricky”.

And she continued to say, “That its worth to give up a little bit of
privacy to get security”.

We’ve heard that before, right?

15/10/22 - het @koninklijkhuis roert zich diep in het failliete bancaire
stelsel. Waarom? Omdat elite graag rijk blijven. Zonder vervangend
stelsel zijn de Oranjes immers even arm als u. De Oranjes hadden +10jr.
nodig om het financiële stelsel te resetten https://t.co/k0kXl2v7Y2
pic.twitter.com/3fyW2bUjwY

-- Denachtzuster(s) (@Denachtzuster1) October 16, 2022

Sharing of transactional data was further emphasized by Her Majesty Queen
Máxima of the Netherlands in her opening remarks. She said: “A good
design of CDBC could give people more control of their transactional data
and their ability to share it with a wider set of financial sector
providers”.

Most recently according to Federal Reserve Chairman Jerome Powell, CBDCs
won’t be anonymous and will be identity-verified, so their transactions
will be made public, supposedly to these third parties.

Let’s not forget that earlier this  year at the World Government  Summit
aptly titled  a  ‘New  World Order’,  the  economist  Pippa  Malmagren
dropped the beans saying that:“We are on the brink of a dramatic change;
we are about  to abandon the  traditional system of  money and replace  it
with a  new one,  Digital  Blockchain CBDC,  which  will give  us  greater
clarity over  every  single  transaction.”That’s  right  every  single
transaction would be made available to the Central Banks and their private
service providers for this credit scoring.

As well as programmability another potential downside to having a CDBC is
that, like China, the global west can shut off your digital wallet if you
protest or speak negatively about the global elites. As was the case
recently in China. The authorities’ response to any civil disobedience
can be swift and broad.

Globalists want centralized control and dominance structures where
everything is tracked and surveilled instead of a decentralised and
private system of digital money and identity.

They’re not joking! The parameters they set for CBDC digital currency
will nudge our behaviours through social scoring, to control society.

http://truthtalk.uk/
https://www.youtube.com/watch?v=2I9HR7BTmn0
https://en.wikipedia.org/wiki/Queen_Maxima_of_the_Netherlands
https://www.unsgsa.org/
https://en.wikipedia.org/wiki/Kristalina_Georgieva
https://www.imf.org/en/About/senior-officials/Bios/bo-li
https://www.bis.org/press/p220607.htm
https://twitter.com/TimHinchliffe
https://sociable.co/
https://twitter.com/BIS_org/status/1581037484422537216
https://openknowledge.worldbank.org/bitstream/handle/10986/36764/Central-Bank-Digital-Currencies-for-Cross-border-Payments-A-Review-of-Current-Experiments-and-Ideas.pdf
https://twitter.com/koninklijkhuis
https://en.wikipedia.org/wiki/Financial_crisis_of_2007-2008
https://twitter.com/Denachtzuster1/status/1581592917734412289
https://cryptopotato.com/fed-chairman-confirms-that-a-u-s-cbdc-would-not-be-anonymous/
https://uk.linkedin.com/in/drpippam
https://sociable.co/government-and-policy/fourth-industrial-revolution-the-great-reset-programming-people-cbdc-digital-id/
https://www.wsj.com/articles/chinese-internet-users-lose-access-to-wechat-app-after-beijing-protest-11665757947