Biggest Threat To Financial Freedom is CBDC

[palehorse]

Posted by Matthew (here)
"PREPARE Yourself!! Digital ID & CBDC Are Closer Than You Think!!"
by Coin Bureau

Coin Bureau talks about CBDC and how it's got a foothold in Nigeria.

Thanks, after banging my mind around this issue for quite sometime now, I think that even when they "officially" run out the digital ID + CBDC it will probably be just like the vaccines, they said it was "mandatory" but many many (40 or 30% maybe?) didn't take it and we still here functioning.

This does not mean I am not concerned because I am, and they may turn things quite harsh for those that opted out, but again we do just like we did when vaccines was mandatory, right.. what could possibly go wrong except denying of services?


Another thing he speaks around @18:30 is about adoption does not mean using it. If it is mandatory in order to get the basic services fully working, then just use it for what really is necessary, all the rest ditch it.. use cash/crypto/barter/trade/whateve just don't run all our money through the belly of the beast.

[palehorse]

CBDC is live in Brazil, here is a live video will start in aprox. 3 hours

PT: LIVE BC #12 - Drex: fatos, fakes e todas as duvídas sobre a moeda digital.
EN: LIVE BC #12 - Drex: Facts, fakes and all doubts about the digital currency.

Source: https://youtube.com/watch?v=GCGbbA5o6mI

It is called DREX (Digital Real Electronic X <--- because X is in ****ing everywhere and it means modernity/fancy/etc)
Here is the official page
https://www.bcb.gov.br/estabilidadefinanceira/drex

It will be tested as a pilot project by a few big corpos in Brazil, and if pass all tests it will be used in retail by the end of 2024 as there plans says.

and an article here:
https://medium.com/blockful/central-...x-a50f55371e12

[gord]

This one, opencbdc, at MIT's Digital Currency Initiative seems to be connected to the Federal Reserve Bank of Boston, the Bank of England, and the Bank of Canada

[gord]

Rep. Tom Emmer has introduced a bill to ban the Federal Reserve from creating a central bank digital currency. "A CBDC is nothing more than a CCP-style surveillance tool that can be weaponized to oppress the American way of life," the Minnesota congressman said in remarks he made after introducing the CBDC Anti-Surveillance State Act.

Majority Whip Tom Emmer at Leadership Stakeout | September 13, 2023

Source: https://youtube.com/watch?v=nFl6KP7ZGl0

[ExomatrixTV]

• Central Bank Digital Currency Gets BANNED by House GOP!:

Source: https://youtube.com/watch?v=7MmuQfr4s5E

[ExomatrixTV]

Nigeria gives up on its deeply unpopular CBDC.

It’s not inevitable. None of it is inevitable. Hold the line.

In a nationwide referendum, 99.5% of Nigerians rejected a CBDC. But they forced it anyway.

Leading to nationwide unrest as physical cash was cancelled and the poor had to resort to barter and using yams and matchsticks as money.

The government finally gave in.

dutch 🇳🇱 (+ Multi-Language Options). 🦜🦋🌳

[ExomatrixTV]

• source video

[onawah]

CBDC Failed: Congress Is Banning CBDC With Massive Support
Lena Petrova, CPA
10/2/23
178K subscribers

Source: https://youtube.com/watch?v=3PAu7thGgmA

[ExomatrixTV]

• Former WEF "Young Global Leader" reveals what the CBDC will look like:

The technology for the CBDC, central bank digital currency, could already be rolled out in 2015, but they waited a while before doing so. This is what Professor Richard Werner, former Young Global Leader of the World Economic Forum and now whistleblower, said in conversation with Ivor Cummins.

What does such a CBDC look like? Nobody talks about that. Initially, the digital currency can be used via an app on your phone.

• Microchip under the skin

The ultimate goal, according to a central banker Werner spoke to, is a microchip the size of a grain of rice that they want to place under your skin.
They realize that many people do not want that and that is why, according to the professor, there are suddenly so many billionaires who are in favor of a universal basic income.

• Tacking

The problem: unemployment, crises. The solution: basic income. You receive 2,000 euros every month, but you must use the latest technology, i.e. an implanted CBDC chip.
Werner expects that many people will agree if they receive 2,000 euros a month.

• dutch 🇳🇱 (+ Multi-Language Options). 🦜🦋🌳

related:

• Does the world need Universal Basic Income?
• Universal Basic Income - Pros / Cons

[ExomatrixTV]

• UNDP Releases "Digital ID Governance" Framework

[norman]

This may not be exactly the best thread for this but it's the same ball park.

Key takeaways from the IMF-World Bank meetings
PUBLISHED SAT, OCT 14 2023


U.S. Secretary of Treasury Janet Yellen arrives for a bilateral meeting on the third day of the International Monetary Fund and World Bank annual meeting, in Marrakech, Morocco, October 11, 2023.


Overshadowed by fresh Middle East violence and hosted by a country still recovering from an earthquake, the week-long annual meetings of the International Monetary Fund and World Bank wrapped up on Saturday.

Discussions in the Moroccan city of Marrakech ranged from the prospects for a world economy weighed down by debt, inflation and conflict to the growing wealth gap between rich and poor countries and floundering efforts to tackle climate change.

Here are the main takeaways:

‘Limping economy’

The new IMF outlook - signed off before the escalation of the conflict between Israel and Hamas - sees global economic growth slowing from 3.5% last year to 3% this year and 2.9% next year, a 0.1% point downgrade from a previous 2024 estimate.

Global inflation is seen dropping from 6.9% this year to a still-high 5.8% next. Central bankers signaled readiness to end interest rate hikes if events allow, hopeful that inflation can be finally tamed without too hard a landing.

Most agreed it was too early to say how Middle East strife would affect a global economy which IMF chief economist Pierre-Olivier Gourinchas described as “limping along, not sprinting”.

Debt squeeze

The heavy debt burdens of advanced economies — from the United States to China and Italy — was a recurrent theme in the meetings, which came after financial markets in recent weeks pushed U.S. bond yields higher. Italian central bank governor Ignazio Visco said there was an impression markets were “reevaluating the term premium” as investors become more nervous about holding longer-term debt.

JPMorgan chair of global research Joyce Chang put it another way. “The bond vigilantes are back, and the Great Moderation is over,” she told a panel of the two-decade era of relative economic calm before the 2008/09 financial crisis.

One policy area where this could have a knock-on effect is the fight against climate change. Vitor Gaspar, head of the IMF’s fiscal division, warned current subsidies-based policies were failing to deliver net zero emissions and that scaling them up would explode public debt. “Countries will need a new mix of policies with carbon pricing at the center,” the Fund concluded.

Debt deals and reforms

Looking beyond the major developed economies, higher policy rates, a strong dollar and geopolitical uncertainties are adding to challenges for the rest of the world.

Turkey was in the spotlight as Finance Minister Mehmet Simsek pitched its reform plan. “The biggest structural issue is to bring inflation down. And they’re working on it,” said Murat Ulgen, Global Head of Emerging Markets Research at HSBC.

Kenya is looking to avoid slipping into debt distress and its central bank governor told Reuters it plans a buyback of a quarter of its $2 billion international bond maturing in June - pushing its 2024 bond up 1.2 cents on the dollar.

One debt restructuring deal emerged: Zambia finally agreed a debt rework memorandum of understanding with creditors including China and France.

Progress on Sri Lanka was less clear. Sri Lanka said on Thursday it reached an agreement with the Export-Import Bank of China covering about $4.2 billion of debt, while talks with other official creditors are stalling.

Risks skewed to the downside

High interest rates will put some borrowers in more precarious positions, the IMF warned in its Global Financial Stability Report. Around 5% of banks globally are vulnerable to stress if those rates remain higher for longer, it estimated, and a further 30% of banks — including some of the world’s largest — would be vulnerable if the global economy enters a prolonged period of low growth and high inflation.

Jostling for influence

The Ukraine war, growing trade protectionism and tensions between the United States and China are all making consensus-building tougher: In the end, there was not enough agreement to issue the usual final communique at the end of the meetings.

There was much talk ahead of Marrakech on revamping the IMF and World Bank to better reflect the emergence of economies like China and Brazil. A U.S. proposal to boost IMF lending power but save a review of shareholdings in the fund till later won broad support. A pact announced on Saturday spoke of a “meaningful increase” in quotas by end-2023 but gave few other details. Anti-poverty groups were skeptical of what had been achieved.

“The big theme this week is G-7 countries papering over the cracks of shattered promises,” said Kate Donald, Head of Oxfam International’s Washington, D.C., office. “Despite the wringing of hands about the billions of dollars needed to tackle poverty and climate breakdown, there has been no sign of new money.”

[norman]

ECB's Lagarde: "The digital euro is on the move."


https://t.me/disclosetv/12248

[palehorse]

Posted by norman (here)
ECB's Lagarde: "The digital euro is on the move."


https://t.me/disclosetv/12248

The digital world is an extension of the analog one, and that is all it will ever be, in my point of view the digital whatever they bring up will always be backed by the analog. That means we the people can always pull the plug and shut down for good all this digital garbage and the best tool for that is boycott.

I just mean we the people we are deeply rooted in the physical world, the digital fabricated life can't change that. period.

[ExomatrixTV]

• dutch 🇳🇱 (+ Multi-Language Options). 🦜🦋🌳

[palehorse]

Posted by ExomatrixTV (here)

• Microchip under the skin

The ultimate goal, according to a central banker Werner spoke to, is a microchip the size of a grain of rice that they want to place under your skin.
They realize that many people do not want that and that is why, according to the professor, there are suddenly so many billionaires who are in favor of a universal basic income.

• Tacking

The problem: unemployment, crises. The solution: basic income. You receive 2,000 euros every month, but you must use the latest technology, i.e. an implanted CBDC chip.
Werner expects that many people will agree if they receive 2,000 euros a month.

• dutch 🇳🇱 (+ Multi-Language Options). 🦜🦋🌳

related:

• Does the world need Universal Basic Income?
• Universal Basic Income - Pros / Cons

thanks.

It seems the whole shebang is going to be voted in Europe in about 2 weeks.

Here some reference:
2019-1 CEF Telecom Call: eID & eSignature
Carlos Gómez / Michaël de Boer
DG CNECT H.4 e-Government & Trust





Source: https://www.rumble.com/video/v3t5ec7