World Economic Forum debuts Central Bank Digital Currency framework

[acptulsa]

Completely planned. Just waaaaaay too many pieces falling into place under this virus crisis to be coincidental.

Even if the bug wasn't created for the purpose, the response was completely planned.

 

[idiom]

Even if the bug wasn't created for the purpose, the response was completely planned.

“Only a crisis - actual or perceived - produces real change. When that crisis occurs, the actions that are taken depend on the ideas that are lying around. That, I believe, is our basic function: to develop alternatives to existing policies, to keep them alive and available until the politically impossible becomes the politically inevitable.”

― Milton Friedman

 

[devil21]

Microsoft Patent #WO2020060606

https://patentscope.wipo.int/search/en/detail.jsf?docId=WO2020060606&tab=PCTBIBLIO

 

[pmbug]

... In a new project by the Atlantic Council Global Business and Economics Center and Harvard University Belfer Center we will begin tracking what the world is doing on central bank digital currencies: ...

More: https://www.atlanticcouncil.org/blogs/econographics/the-rise-of-central-bank-digital-currencies/

They have an interactive map of the world. Hover your cursor over a country to see a report of their status with respect to a CBDC.

 

[devil21]

Biden's reported SEC chair pick is the head of the Digital Currency department at MIT, where bitcoin/blockchain was invented with NSA and DARPA funding.

https://en.wikipedia.org/wiki/Gary_Gensler

Gary Gensler (born October 18, 1957) is Professor of the Practice of Global Economics and Management, MIT Sloan School of Management, Co-Director of MIT’s Fintech@CSAIL and Senior Advisor to the MIT Media Lab Digital Currency Initiative.[1] He also is an American public official and currently leads the Biden-Harris transition agency review team responsible for the Federal Reserve, Banking and Securities Regulators group.[2]

Also in charge of "agency review" of the Fed's Securities group. IOW, CBDC incoming soon! This guy is being put into place to implement it on the SEC regulation side and probably to fashion SEC regulations that gut the existing crypto markets like Bitcoin since other digital currencies would be direct competitors to Fedcoin.

 

[devil21]

Yay for digital vaporware currencies! Hey dannno, how soon can we be like the Chinese? Bitcoin is totally not an introduction to digital wallet based currencies, right? You've told us so for years now.

https://www.cnbc.com/2021/03/05/chinas-digital-yuan-what-is-it-and-how-does-it-work.html

Fan Yifei, deputy governor of the PBOC, said last year that there is a “pressing need to digitalize cash and coin” as producing and storing these currently is expensive. In an article in state-backed publication Yicai Global, Fan said cash and coins are not easy to use, they’re easy to counterfeit and because of their anonymity, could be used for illicit purposes.

The PBOC sees a number of other benefits to the digital yuan.

In a separate article, Fan outlined how a CBDC could make payments more efficient and improve the transmission of monetary policy. Fan also argues (d21: argues with who? himself?) that a digital yuan could help with financial stability through a system of “controllable anonymity.” This is where the payments would be anonymous to some degree, but data analysis tools could help the central bank catch illegal activities. more at link

 

[Mordan]

CBDC will enable better tracking yes.

But you are confused OP.

KYC/AML already exist for USD.

Only cash is free.

Keep using it. Gold is fine but I don't like it.

Bitcoin is easier.

 

[JoshLowry]

https://ripple.com/insights/ripple-pilots-a-private-ledger-for-central-banks-launching-cbdcs/

XRP could have a really big year if the SEC lawsuit is dismissed.

https://u.today/central-bank-of-france-eyes-xrp-as-basis-for-digital-euro

 

[oyarde]

Infinite crypto just like fiat dollars only everything would be ledger, and I mean everything.

Thats how I see it , a US digital Fed dollar would be no different than an unbacked worthless paper dollar except they can capture tax info more easily .

 

[Pauls' Revere]

Thats how I see it , a US digital Fed dollar would be no different than an unbacked worthless paper dollar except they can capture tax info more easily .

and manipulate it much more. They can code it to be spent only where they want and when to boost segments of the economy they want to.

 

[devil21]

Thats how I see it , a US digital Fed dollar would be no different than an unbacked worthless paper dollar except they can capture tax info more easily .

I expect the formal cryptocurrency Mark of the Beast system that's being implemented, starting with the "vaccines" that alter DNA and turn a human into literal GMO chattel property, will have at least a portion of claimed metals backing, for biblical reasons. I could delve into that at length (King Solomon's 666 talents of gold tribute from his slaves, Mark of the Beast is the Hexagram, which is the Seal of Solomon, and is represented in the Warp Speed logo, e.g.) but there's still claimed to be gold sitting in vaults waiting to be re-monetized once fractional fiat fully fails shortly.

 

[devil21]

ht to teh collinz

Visa starts testing Fedcoin cbdc

http://www.ronpaulforums.com/showthread.php?553375-Visa-starts-to-use-FedCoin

 

[devil21]

https://www.economist.com/leaders/2021/05/08/the-digital-currencies-that-matter

These “govcoins” are a new incarnation of money (sic). They promise to make finance work better but also to shift power from individuals to the state...

 

[devil21]

Bill introduced to legislate CBDC/FedCoin
http://www.ronpaulforums.com/showth...and-unprecedented-new-Federal-Reserve-tyranny

 

[devil21]

Seems the roadmap is unfolding more and more lately. Covid>excuse for GMO shots turning natural human with rights into Monsanto property forever>excuse for vaccine "passports">vaccine passports condition the new property for using phone for everything, including CBDC, like a new version of old coal town with company scrip, company store, company shelter, rental society, "own nothing">biometrics implemented to directly identify new property>MS Patent 60606 tying property's labor to CBDC tied to carbon footprint of purchases from company store and social score>phones die, break or get lost so wouldn't you prefer this chip instead, so convenient, does everything phone does>outright mind control via 5G/6G through embedded chip and constant medicating/shots/company store food and water manipulation to keep property docile and controlled with limited movement inside mega cities>all life forms owned by the "company">forever

I think that about sums up the road map, no?

 

[devil21]

Jpow comments on CBDC. tldr = sooooooooon

But no it's not all planned in advance and scripted out and....NoOoOo, bItCoIn Is TeH fUtUrE cUz cReAtEd By SaToShI!!!111!!

https://twitter.com/JgaltTweets/status/1537832401388306432

 

[pmbug]

Choo choo! Full steam ahead....

The Bank of England has released a new consultation paper that outlines the goals of its digital pound project and pitches the idea of creating a “new form of digital money for use by households and businesses for their everyday payments needs.”
...
Based on the design outlined in the paper, the central bank would be the sole issuer of a digital pound, which would be accessible to individuals and businesses via smartphones or cards. Wallets would be anonymized on the central bank's ledger to address privacy concerns and the digital currency would be non-programmable, meaning authorities can't control how people spend their money.

“The Bank will not implement central bank-initiated programmable functions,” a separate technical working paper said. “Instead, the Bank would provide the necessary infrastructure for the private sector to implement programmability features for users. Those features would require user consent.”

The consultation paper is meant to pitch the idea of a digital pound to the public and solicit comments on the proposed design to help the central bank determine if the creation of a digital pound is warranted. The ultimate goal of the paper is to help increase public engagement and work to enhance public trust in the event that a digital pound is launched.
...

https://www.kitco.com/news/2023-02-...tion-paper-for-its-digital-pound-project.html

Link to paper:

https://www.bankofengland.co.uk/-/m...-digital-pound-consultation-working-paper.pdf

Britons would be limited to 20,000 digital pounds (US$24,000 or RM103,736) each if the country goes ahead with a digital currency, Bank of England (BoE) Deputy Governor Jon Cunliffe said yesterday.
...
“We propose a limit of between £10,000 and £20,000 per individual as the appropriate balance between managing risks and supporting wide usability of the digital pound,” Cunliffe said in a speech.

A limit of £10,000 would mean that three quarters of people could receive their pay in digital pounds as well as holding pre-existing balances in the same account, while a £20,000 limit would allow almost everyone to use digital pounds for day-to-day transactions, Cunliffe said.

Money above the cap would be “swept” into a customer’s commercial bank account given that a digital pound would not be a means for storing wealth, he told members of UK Finance, a banking industry body.
...

https://www.malaymail.com/news/mone...al-pound-cap-under-bank-of-england-plan/53881

 

[ThreeOneFIve]

Vote is going on to stop this.

https://www.breitbart.com/politics/...suing-government-controlled-digital-currency/

 

[devil21]

CBDC Handbook coming soon.

https://sociable.co/government-and-policy/imf-cbdc-handbook-central-bank-govt-rollouts/

According to former People’s Bank of China deputy governor and current IMF deputy managing director Bo Li:

“The Handbook will be a compendium of knowledge and experience on CBDC. It will be the basis for capacity development and hopefully help countries make as well-informed decisions as possible when taking the major step to design and issue their own CBDC.”

 

[Swordsmyth]

Austria Looks To Enshrine Cash In The Constitution

https://www.thefinancialtrends.com/2023/08/07/austria-looks-to-enshrine-cash-in-the-constitution/