CBDC Introduced in Russia, What Else Did You Expect?

[Justplain]

Vladimir Putin approves bill introducing central bank digital currency in Russia

Russia is introducing a central bank digital currency, just as every other nation seems to be doing. This of course matches the goals of the Bank of International Settlements (the unaccountable central bank of central banks), the IMF, the World Bank, the WEF, etc., etc. This is in line with the globalist agenda to make all transactions traceable, to shortly outlaw cash, and then make every nation subservient to the WHO via the global pandemic treaty. A very effective control mechanism. Watch for another scamdemic after most nations have implemented the cbdc and signed onto the pandemic treaty, likely soon after 2024.

"According to the state-owned Russian News Agency (TASS), the digital ruble “will be issued along with existing forms of money” by the Bank of Russia, the country’s central bank.

"“It will be possible to carry out transactions with the new monetary format using the digital ruble platform – a special information system,” TASS reports."

If you think this wont be used to corral the Russian people, and/orbelieve Russia is out of step with the NWO, think again.

https://www.lifesitenews.com/news/vladimir-putin-approves-bill-introducing-central-bank-digital-currency-in-russia/?utm_source=digest-freedom-2023-07-26&utm_medium=email

[Bill Ryan]

I've been following this carefully, and (as the article noted) it's not a cash replacement, just a parallel system for certain business transactions. Of course, it could be the thin end of a big wedge, but as best I can see the Russian people don't need to be 'corralled' at all, at least not right now.

The conflict with Ukraine (and the unending hostility and hatred from the collective west) has largely united the country in a huge feeling of proud patriotism, and compared with the many serious social issues in North America and Europe there are very few problems in Russia either financially or culturally. I'll be interested to see how this all unfolds and develops (if it does), but I'm not convinced yet it's anything for the Russian people to be concerned about.

[rgray222]

Digital currency is no longer a thing of the past. There is no getting around the fact that globalists and those desiring One World government digital currencies are not optional they are mandatory. One concern is that they will lead to increased surveillance of financial transactions, which raises privacy and security concerns. The government would know where and when you are traveling, the hotels where you have stayed, the restaurants that you have eaten in, and virtually everything you purchased along the way. They will be aware of every single transaction you make. Digital currency will be nothing more than surveillance currency used by governments for control of their citizens. Of course, governments will make the use of digital currency easy, seamless, and less expensive (transaction-wise).

China implemented digital currency in 2021 and the uptake has been fast. So far there are 288 million people using it in a population of 1.43 billion. in a few short years, this number will explode exponentially. China is already using this to set people's social scores.

Once most of the first world countries are using digital currencies it will only be a small step to link them together.

Many of the world leaders speak out strongly against globalization but you really must pay attention to their actions and discount their words.

[Matthew]

I've been following this carefully, and (as the article noted) it's not a cash replacement, just a parallel system for certain business transactions. Of course, it could be the thin end of a big wedge, but as best I can see the Russian people don't need to be 'corralled' at all, at least not right now.

The conflict with Ukraine (and the unending hostility and hatred from the collective west) has largely united the country in a huge feeling of proud patriotism, and compared with the many serious social issues in North America and Europe there are very few problems in Russia either financially or culturally. I'll be interested to see how this all unfolds and develops (if it does), but I'm not convinced yet it's anything for the Russian people to be concerned about.

No surprise I am supremely cynical, I hope you can take this with a pinch of salt :bigsmile: When we have a global creep towards CBDC, and all we have against it is 'probably won't happen' then I have alarm bells ringing. What has Putin said to suggest he won't be fine with trackable CBDC? I fully expect all countries leaders to push for it, the same as all countries leaders go to war together - someone funds them. CBDC, like war, does not seem to have a country as its enemy.

Track the progress of CBDC by country:

https://www.atlanticcouncil.org/cbdctracker/

[ZenBaller]

It makes sense as we move towards a highly technological era. Russia may not be ruled by powers of the dark satanic cabal, but they are not angels obviously. Putin is a traditional power hungry ruler who will do whatever it takes to retain control by manipulating its people. Still, it's far better than what's happening in the west, but it would be naive to idealize Russia.

[Rizotto]

Fact is, most transactions nowadays are digital and traceable because most people use credit cards or online transfers. That digital monetary system has worked just fine for decades. So, why introduce CBDC now? The people didn't ask for it, don't want it.

The one thing CBDC could do, which couldn't be done by the current digital monetary system, is that with CBDC governments can control what people are allowed to buy, which is that ultimately it controls everything. It seems disingenuous for governments to claim 'oh but we won't force it on you, you still can use other currencies', when once CBDC is installed, governments can most easily switch to total control of everybody's finances. It's true that petty tyrants like Justin Turdeau have frozen bank accounts of protesters. But CBDC will take that at a societal level.

Very disappointing that Russia is making that move. There currently are many Ukrainian terrorist attacks on Russian soil. Perhaps Russia will use that as a reason for monitoring everybody's behavior through a central surveillance system, and ultimately control what people do. Not a pleasant scenario to contemplate.

[shaberon]

It may be "trackable", but, it is much closer to a "state currency" than the American cash dollar.

It is a Russian sovereign currency, it has nothing to do with a one-world currency.


E. g., Africa (https://tass.com/politics/1652963):


"For further expansion of the whole range of trade and economic ties it is important to more vigorously shift financial settlements on trade transactions to national currencies, including the ruble." Moscow is ready to work with African countries on development of their financial infrastructure, on connecting banking institutions to the financial messaging system that has been created in Russia, which permits making transborder payments independently of Western systems that currently exist and impose restrictions.


One further reason is what collapsed the Soviet Union, American fake Rubles (https://tass.com/economy/1652237):

The amount of counterfeit money detected in the Russian banking system plummeted by 51.96% in the second quarter of this year in annual terms, the Bank of Russia said on Wednesday.


On the digital Ruble (https://tass.com/economy/1651171):


The concept chosen by the Bank of Russia provides that the digital ruble platform will be entirely under the jurisdiction of the regulator. The infrastructure of the regulator will serve the online wallets of clients and legal entities, as well as conduct transactions. Only the Federal Treasury will be able to directly access their wallet on the platform. All individuals and legal entities will interact with their wallets through conventional banks and their applications. One client will only have one online wallet. It will be possible to replenish it from a bank account or card, at the expense of cash. Similarly, it is planned to implement a simple exchange of digital rubles for cash and non-cash. Clients will be able to access a wallet with a digital ruble through any bank (after the system is fully launched).

The Bank of Russia noted that the digital ruble will not be a substitute for bank accounts and deposits: interest will not be charged on balances in the wallet, moreover, it is planned to introduce a limit on the amount of funds stored in them. This is needed to prevent an outflow of liquidity from banks and a decrease in lending.



Of course these are "autocratic economies", the whole point is that the government regulates money, not a private bank. And of course this is already well in advance of the western system, and, the opinions of African countries and what they are doing should be more of an indicator than allegations about what "might or could" happen.

[Justplain]

I've been following this carefully, and (as the article noted) it's not a cash replacement, just a parallel system for certain business transactions. Of course, it could be the thin end of a big wedge, but as best I can see the Russian people don't need to be 'corralled' at all, at least not right now.

The conflict with Ukraine (and the unending hostility and hatred from the collective west) has largely united the country in a huge feeling of proud patriotism, and compared with the many serious social issues in North America and Europe there are very few problems in Russia either financially or culturally. I'll be interested to see how this all unfolds and develops (if it does), but I'm not convinced yet it's anything for the Russian people to be concerned about.

No surprise I am supremely cynical, I hope you can take this with a pinch of salt :bigsmile: When we have a global creep towards CBDC, and all we have against it is 'probably won't happen' then I have alarm bells ringing. What has Putin said to suggest he won't be fine with trackable CBDC? I fully expect all countries leaders to push for it, the same as all countries leaders go to war together - someone funds them. CBDC, like war, does not seem to have a country as its enemy.

Track the progress of CBDC by country:

https://www.atlanticcouncil.org/cbdctracker/

I would expect that, as stated in the OP, that once the cbdc has been rolled out in most countries, let's say by the end of 2024, and this date corresponds to the target date for most countries to sign on to the global pandemic treaty, then around that time I would expect another fake pandemic, with which governments will enforce lockdowns and well as banning cash for "health reasons". We saw what governments were quick to do with covid19, they will force vaccinations or else you won't be able to purchase anything. Governments, businesses and institutions were heartlessly cruel to the unvaxed in the last scamdemic, such as firing unvaxed without compensation or booting them from school, etc. So expect them to be even more ruthless when then have a form of control that allows them to censor everything they don't like. And why would anyone expect Russia to be any different?

[Ewan]

Just listened to a video posted here (https://projectavalon.net/forum4/showthread.php?120799-The-Limits-to-Growth-and-the-Human-Condition&p=1569250&viewfull=1#post1569250) by Bill, featuring Mike Adams and Chris Martenson. Neither seem concerned by the new digital currency being introduced in Russia - I believe the comment was made that it is 'Open Legder', now, personally I wouldn't have a clue what that means as I undestand digital currencies about as much as I understand nucear physics. ie: Not at all.

I don't pay any attention to that whch is not practical in the real world. Digital currency may well be viable as long as the internet works, after that it is worthless. The only things with real value are necessities, those things you would struggle to get by without. Even if all the 000's in you bank were in banknotes under your matress - they would all be worthless in a real crisis.

The western world on its current path is heading for a 'crash and burn' scenario. In such an event the 000's in you bank account, or the .02674 decimal places in your digital wallet become worth diddly-squat.

That's the scary thing, virtually nobody is prepared for that, they don't even see it coming. Watch the video in the link provided.

[palehorse]

no surprises here right?
CBDC is programmable and will enable micro management, which they can't do with the traditional way.

Once it is up and running everything will be integrated to it, your taxes, everything, there will be no privacy at all.
To understand the concept of programmable coins, one has to understand what programming is in the first place, most people has no clue at all :facepalm:

but the issue comes from top to down, corporations adoption first, followed by the rest, until the peasant level literally, see what they were doing in India, people selling food on the streets, were told to not accept cash anymore, they had to use a stupid App, some of these people were elderly and they don't even have a phone, let alone their stupid fancy App.. then there is a fee they have to pay in order to use the App which is deduct "automagically" without the consent of these people, which by the way will never question.. which force them to buy raw material to prepare their food only from those that has the same App.. you see where it goes, nobody asked for a solution like that, but they forcibly introduced it for the great good obviously.

Everything these idiots in power does is not for our well being, is not to help us, is to ultimately enslave us.

Sorry to say that, but a large expulsion of plasma from the sun's corona would be very welcome right after their system are deployed :dancing: :fire:

[shaberon]

another fake pandemic, with which governments will enforce lockdowns and well as banning cash for "health reasons". We saw what governments were quick to do with covid19, they will force vaccinations or else you won't be able to purchase anything.


With the treaty, there is no mandate or travel restriction, it is up to any member whether to ratify it and how they implement it. WHO and the United Nations have almost no kind of enforcement ability.

Russian CBDC is obviously not going to clamp down on everything, or prevent someone from using it.

If that were to happen, currently-existing bank accounts are already vulnerable to being blocked, controlled, tracked, and so forth. Financial tracking is for example useful against money laundering and racketeering, it is a major crime fighting tool. So I'm not sure why those issues would arise or why Russia would do them.

[rgray222]

While the Central Bank Digital Currency (CBDC) being discussed in this short video are largely about CBDC in the USA the same issues apply to all countries that adopt digital currency.


http://www.youtube.com/watch?v=O19sr6Q2na8

[ThePythonicCow]

Even if all the 000's in you bank were in banknotes under your matress - they would all be worthless in a real crisis.
Not quite worthless. I might have enough small bills in my stash for a fire to warm a cup or two of coffee, after I've ground the beans with my hand grinder.

[Rizotto]

Quoting from Shaberon's post #7 above:


"One further reason is what collapsed the Soviet Union, American fake Rubles (https://tass.com/economy/1652237):

The amount of counterfeit money detected in the Russian banking system plummeted by 51.96% in the second quarter of this year in annual terms, the Bank of Russia said on Wednesday."

Hi Shaberon, in your post above, are you suggesting that CBDC would reduce the use of counterfeit money? The above quote seems to indicate that counterfeit money has already decreased by more than 50% (for some unspecified reason), and that is before the implementation of CBDC. Are we talking about digital counterfeit money here? Or paper cash?

I'm baffled by claims that CBDC will make transactions easier. How so exactly? Seems to me that there already are a variety of digital transactions available (credit & debit cards, online money transfer, etc.) that are super easy and efficient. The only thing that CBDC would add is government control.

Another issue seldom mentioned is that anything online is ultimately hackable. And so would CBDC be. No?

[Mike Gorman]

I've been following this carefully, and (as the article noted) it's not a cash replacement, just a parallel system for certain business transactions. Of course, it could be the thin end of a big wedge, but as best I can see the Russian people don't need to be 'corralled' at all, at least not right now.

The conflict with Ukraine (and the unending hostility and hatred from the collective west) has largely united the country in a huge feeling of proud patriotism, and compared with the many serious social issues in North America and Europe there are very few problems in Russia either financially or culturally. I'll be interested to see how this all unfolds and develops (if it does), but I'm not convinced yet it's anything for the Russian people to be concerned about.

I am tending to agree with your position Bill, I think Putin's Russia seeks to project a modern, capable and 'with it' image: the West is toying with centralized digital currency, and so Russia should be seen to also be on top of this technology, the Russian version does not include a 'replacement' element, as opposed to the USA/UK /AU/NZ/Canadian iterations, I don't see this being adopted in place of Rubles in one's pocket, I think we need to be resisting any kind of central currency control here in the West!

[ThePythonicCow]

Central Bank Digital Currencies may be an exchange mechanism that enables by-passing the international monetary system (e.g. SWIFT, also the Forex market) that the City of London has spent centuries building and controlling.

This current U.S. Dollar centric system is collapsing in debt and derivatives. The question is who will rebuild - the City of London controlled Banksters, or the independents, which arguably include Trump, Putin, Xi, and the other BRICS nations.

Here's an article providing a more positive outlook on the role that CBDC's may play in our future:

Are CBDCs The Path To Fear, or Freedom? - Trump’s Safe Haven Plan (https://badlands.substack.com/p/are-cbdcs-the-path-to-fear-or-freedom)

[rgray222]

Central Bank Digital Currencies may be an exchange mechanism that enables by-passing the international monetary system (e.g. SWIFT, also the Forex market) that the City of London has spent centuries building and controlling.

This current U.S. Dollar centric system is collapsing in debt and derivatives. The question is who will rebuild - the City of London controlled Banksters, or the independents, which arguably include Trump, Putin, Xi, and the other BRICS nations.

Here's an article providing a more positive outlook on the role that CBDC's may play in our future:

Are CBDCs The Path To Fear, or Freedom? - Trump’s Safe Haven Plan (https://badlands.substack.com/p/are-cbdcs-the-path-to-fear-or-freedom)

I enjoyed reading the article but it is hard for me to see the positives in central bank digital currency. I see some great advantages of blockchain technology and I think some of the growth in that direction will be phenomenal but on the other hand, all I have to do is ask myself................ When has the central bank been a friend to the working man or woman? CBDC offers so much control to governments (Russia included) it is hard to believe that they would not abuse that control. History shows that they have abused absolute control 100 percent of the time. This time around it will be no different.


Cash would be eliminated from society once a certain level of CBDC usage takes hold across the globe.
Governments have long recognized that freezing someone’s financial resources is one of the most effective ways to lock them out of society. However, with the advent of CBDC, it would establish a direct line between citizens and the government itself, making the freeze or seizure of assets instantaneous.
The programming capabilities of a CBDC could mean that people would be prohibited from buying certain goods or limited in how much they might purchase. For example, policymakers could try to curb drinking by limiting nightly alcohol purchases or prohibiting purchases for people with alcohol-related offenses. They could limit (Finland already does) people's gambling habits. They could and would limit the purchase of fossil fuels. and luxury items. Look what Trudeau did with the Truckers. China already limits the purchase of too many video games and the hours played. China punishes people with a low ESG score from staying in first-class hotels or traveling in business or f/c trains and planes. The possibilities are unlimited.
Not only can CBDC be used to modify and change behavior it can also be used to target what people can and cannot own. This includes the type of car you drive, the home you live in (rent or own), the thermostat that controls the heating and cooling of your home, and the list just goes on and on. We saw Bloomberg in NYC try to limit the size of the soft drink you were allowed to buy, we saw Newsom in California outlaw plastic straws. Where does it stop?
Another concern is the central storage of financial information. When a bank is hacked it only puts a small fraction of its customers at risk but when the central bank of a country is hacked (and it will happen) it puts every single citizen (eventually the entire population of a country) who uses CBDC at risk.
Linking these digital currencies together for BRICS or any group would be relatively easy and just the first step towards one world government. Many people around the globe support one world government so this would be welcomed by billions of people. I do not support one world government but I feel it is inevitable.

[shaberon]

are you suggesting that CBDC would reduce the use of counterfeit money? The above quote seems to indicate that counterfeit money has already decreased by more than 50% (for some unspecified reason), and that is before the implementation of CBDC. Are we talking about digital counterfeit money here? Or paper cash?


Paper banknotes I believe. No, digital currency would not really affect it. The point was that ca. 1989 that the U. S. injected billions of fake notes into their economy, which did have a serious impact in the collapse of U. S. S. R., and someone must still be doing it to some extent. My "suggestion", I guess, was that the U. S. might still be involved...all the article gave was a percentage, so we don't really know the amount, or the sources.


A central bank is the closest thing to a "friend" when it is a state regulator. The big difference is privately-owned, non-state, such as the Federal Reserve. And so when we draw from our experiences and project them at a regulated system like Russia or China, this is irrelevant. The U. S. Dollar is already the leg up to one world government, but it is being dumped. Let me rephrase that. We have no dollars. We have Federal Reserve Notes. This is an open confession--says so on every single one of them.

I am not sure what is more ironic than the one-world-government drivers attempting to destroy Russia with sanctions, and, instead, the country comes out stronger with 85% of the world voluntarily on its side and a commitment to national sovereignty with the retention of national currencies. Then they use some digital currency first. We might be better off to quietly study the example as a role model.

[Matthew]

...

Cash would be eliminated from society once a certain level of CBDC usage takes hold across the globe.
Governments have long recognized that freezing someone’s financial resources is one of the most effective ways to lock them out of society. However, with the advent of CBDC, it would establish a direct line between citizens and the government itself, making the freeze or seizure of assets instantaneous.
The programming capabilities of a CBDC could mean that people would be prohibited from buying certain goods or limited in how much they might purchase. For example, policymakers could try to curb drinking by limiting nightly alcohol purchases or prohibiting purchases for people with alcohol-related offenses. They could limit (Finland already does) people's gambling habits. They could and would limit the purchase of fossil fuels. and luxury items. Look what Trudeau did with the Truckers. China already limits the purchase of too many video games and the hours played. China punishes people with a low ESG score from staying in first-class hotels or traveling in business or f/c trains and planes. The possibilities are unlimited.
Not only can CBDC be used to modify and change behavior it can also be used to target what people can and cannot own. This includes the type of car you drive, the home you live in (rent or own), the thermostat that controls the heating and cooling of your home, and the list just goes on and on. We saw Bloomberg in NYC try to limit the size of the soft drink you were allowed to buy, we saw Newsom in California outlaw plastic straws. Where does it stop?
Another concern is the central storage of financial information. When a bank is hacked it only puts a small fraction of its customers at risk but when the central bank of a country is hacked (and it will happen) it puts every single citizen (eventually the entire population of a country) who uses CBDC at risk.
Linking these digital currencies together for BRICS or any group would be relatively easy and just the first step towards one world government. Many people around the globe support one world government so this would be welcomed by billions of people. I do not support one world government but I feel it is inevitable.



Add that you can be limited on the amount of digital 'cash' you can hold
And that the digital 'cash' you hold can expire


Good luck to anyone holding onto positives about CBDC!

[ThePythonicCow]

Good luck to anyone holding onto positives about CBDC!

The question, to my mind, is whether the CBDC applies to:

1) transactions between corporations (which include governments) << corp to corp >>,

2) transactions between individual people << person to person >>, or

3) transactions between corporations and individuals << corp to person >>.

I figure that individuals have a fundamental right to engage in (2) << person to person >> transactions, absent a warrant issued by a judge for specific search or surveillance for probable cause. I would not allow general data collection, surveillance or control of such transactions, activities or property by governments.

I figure that (3) << corp to person >> transactions should be subject only to legally binding and explicitly specified surveillance or control. For example, the U.S. Post Office can track the outside annotations on my sealed letters and packages (necessary to specify addressing and provide postage), but they cannot open and read the internal annotations absent a specific judicial warrant. What I write on a post card however is there for anyone in the USPS handling that post card to view. We individual humans should be able to know ahead of time, and hold liable if violated, the surveillance and control that may apply to any particular interaction we have with a corporation. The government should restrain, not encourage, excessive corporate surveillance or control.

I don't yet have any particular insight into what natural limits should be applied to (1) << corp to corp >> transactions.

If Russia is implementing some form of (1) << corp to corp >> system, say for handling payments for trade transactions, that could be a good idea in my book, if it helps get Russia and other uses of such a system out of the strangle hold of the U.S./Crown/... monetary system.

That same justification could apply, albeit more tenuously, to (3) << corp to person >> CBDC transactions, if done with the realized intent to provide Russian people and businesses with a transaction that is more respectful of the freedom of Russian people than would be Western systems that might become widely adopted inside Russia, absent a strong native Russian competitor.

In other words, if Russia is working on digital alternatives to systems such as Swift, this could be good.

But if Russia is working on digital alternatives to cash and coin, this probably not good.

[Matthew]

This is off topic but close enough and very much in the spirit of the thread.

I don't know what the words translate to, but they repeat the fast, glitch-styled message three or four times, literally the same footage, showing instructions how to use the facial recognition system, over and over. You get the idea: it's a training video and a promotion video all in one.

WfwVZpc7ksM

From The Expose

https://expose-news.com/2023/07/30/russias-smart-city-inmates-will-be-safe-and-comfortable/


...
Since Russia’s Smart City project began five years ago, more than two hundred cities have introduced digital solutions. Headed by the Ministry of Construction, the Smart City project aims to develop “an effective urban management system, creating safe and comfortable conditions for citizens, and increasing the competitiveness of Russian cities.”

According to Edward Slavsquat, “Russia’s capital is arguably the ‘smartest’ city in the country – and not just because of its safe and convenient biometric payment system. Moscow Mayor Sergei Sobyanin has pledged to introduce ‘genetic passports’ and even ‘implanted medical digital devices’, which can be used to calculate insurance payments for his city’s lucky residents. These are just a few of the exciting features included in Sobyanin’s ‘Moscow 2030’ project.”

Moscow is the first city in the world where a facial recognition system for fare payment is being used on a large scale. The biometric payment system – payment made by facial recognition – was trialled in Moscow’s subway system in 2021. By July 2022, most stations had one to two Face Pay turnstiles installed and the Deputy Mayor of Moscow, Maxim Liksutov, said that after upgrading the turnstiles on the subway, at least 200 more would be able to accept payment using biometrics. Face Pay was also being scaled up on other modes of transport. It had already been tested on local self-driving buses.

...


:popcorn: