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DIGITAL DOLLAR EQUALS DIGITAL DANGER

Cbdc-1

Just like Australia and New Zealand, Britain seems to be leaning toward Communist China authoritarianism…

Great Reset: UK Prepares to Introduce a ‘Digital Pound’ Central Bank Digital Currency

The de facto head of His Majesty’s Treasury announced this week that the Bank of England has begun consultations on implementing a Central Bank Digital Currency (CBDC) that could usher in the globalist vision of a cashless society in which all transactions are traceable by the government.

Chancellor of the Exchequer Jeremy Hunt revealed that, as a part of his ‘Edinburgh Reforms’ of Britain’s financial services, the Bank of England will begin consultations on the design of a Central Bank Digital Currency (CBDC) which would act as a digital version of the pound sterling.

Hunt, an anti-Brexit, pro-China figure resurrected from the David Cameron era, said in a written statement to Parliament that the government will begin “bringing forward a consultation in the coming weeks to explore the case for a central bank digital currency – a sovereign digital pound – and consult on a potential design.” <Source>

A warning from Communist China…

Consider the words of the IMF Managing Director of the International Monetary Fund Bo Li …

...and finally the third way we think cbdc [central bank digital currency] can improve Financial inclusion is through what we call programmability. That is, cbdc can allow government agencies and private sector players to program to create smart contract to allow targeted policy functions, for example welfare payment, for example consumption coupon, for example food stamp, by programming cbdc. Those money  can be precisely targeted for what kind of people can own and what kind of use this money -- can be utilized for example for food so this potential programmability can help government agencies to precisely target their support to those people who need support so that way can also improve financial inclusion of course.

Notice the use of the language of Marxist class warfare and the word “inclusion.” Like everything else in the Orwellian world where up is down, wrong is right, and evil is good, they mean “exclusion.” Exclusion of those who refuse to accept their yoke of tyranny, those who are willing to stand up and dissent, and, worst of all, those who are willing to lay their lives on the line for freedom.

Who is Bo Li…

Deputy Managing Director

Mr. Bo LI assumed the role of Deputy Managing Director at the IMF on August 23, 2021. He is responsible for the IMF’s work on about 90 countries as well as on a wide range of policy issues.

Before joining the IMF, Mr. Li worked for many years at the People’s Bank of China, most recently as Deputy Governor. He earlier headed the Monetary Policy, Monetary Policy II, and Legal and Regulation Departments, where he played an important role in the reform of state-owned banks, the drafting of China’s anti-money-laundering law, the internationalization of the renminbi, and the establishment of China’s macroprudential policy framework.

Outside of the PBoC, Mr. Li served as Vice Mayor of Chongqing—China’s largest municipality, with a population of over 30 million—where he oversaw the city’s financial-sector development, international trade, and foreign direct investment. Mr. Li was also Vice Chairman of the All-China Federation of Returned Overseas Chinese.

He started his career at the New York law firm of Davis Polk & Wardwell, where he was a practicing attorney for five years.

Mr. Li holds a Ph.D. from Stanford University and an M.A. from Boston University, both in economics, as well as a J.D., magna cum laude, from Harvard Law School. He received his undergraduate education from Renmin University of China in Beijing.

Think about it. A former high-ranking Communist Chinese official with impeccable American credentials is presently a Deputy Managing Director at the International Monetary Fund, which supports a globalist authoritarian governance system.

Do you understand who these people are and what future vision they imagine for the United States? These people are communists acting as fascists, where the state directs so-called private enterprises to serve as gatekeepers to implement and enforce their chosen policies.

These individuals and organizations are not about inalienable rights and personal freedoms; they are about political power. The power to control what you think, say, and do -- and ensure it complies with their dictates.

Presently they appear to control the government and a significant number of organizations. Their only vulnerability is pushback from “We the People.” And it is no wonder they fear the Second Amendment and its stated purpose of responding to government tyranny.

There is no escape...

China bans 23m from buying travel tickets as part of 'social credit' system

People accused of social offences blocked from booking flights and train journeys

China has blocked millions of “discredited” travelers from buying plane or train tickets as part of the country’s controversial “social credit” system aimed at improving the behaviour of citizens.

According to the National Public Credit Information Centre, Chinese courts banned would-be travelers from buying flights 17.5 million times by the end of 2018. Citizens placed on black lists for social credit offences were prevented from buying train tickets 5.5 million times. The report released last week said: “Once discredited, limited everywhere”.

The social credit system aims to incentivize “trustworthy” behaviour through penalties as well as rewards. According to a government document about the system dating from 2014, the aim is to “allow the trustworthy to roam everywhere under heaven while making it hard for the discredited to take a single step.”

Social credit offences range from not paying individual taxes or fines to spreading false information and taking drugs. More minor violations include using expired tickets, smoking on a train or not walking a dog on a leash. <Source>

Bottom line...

The progressive communist democrats succeed only if we do not resist their further attempts to exert control over our lives by surveilling our spending first and then controlling how we spend the money they control through “programmability.”

We are so screwed.

-- Steve


“Nullius in verba.”-- take nobody's word for it!

“Beware of false knowledge; it is more dangerous than ignorance.”-- George Bernard Shaw

“Progressive, liberal, Socialist, Marxist, Democratic Socialist -- they are all COMMUNISTS.”

“The key to fighting the craziness of the progressives is to hold them responsible for their actions, not their intentions.” – OCS

"The object in life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane." -- Marcus Aurelius

“A people that elect corrupt politicians, imposters, thieves, and traitors are not victims... but accomplices” -- George Orwell

“Fere libenter homines id quod volunt credunt." (The people gladly believe what they wish to.) ~Julius Caesar

“Describing the problem is quite different from knowing the solution. Except in politics." ~ OCS