Beware the Global Digital Currency

26 Jun

Beware the Global Digital Currency

As usual, the IMF is up to no good.

It looks like the race is on!

The race between the Federal Reserve’s Central Bank Digital Currency (CBDC) and the International Monetary Fund’s latest global monetary scheme.

We know the Biden administration and Federal Reserve are working desperately on their digital currency.  Now the Managing Director of the IMF, Kristalina Georgievahe, has announced that the multinational institution is “working hard on the concept of a global CBDC platform.”

Speaking at a conference in Morrocco, Georgievahe said the global CBDC “needs to be interoperable between countries,” noting that “if we are to be successful, CBDCs could not be fragmented national propositions.”  Urging quick action, she said, “A digital revolution is underway, greatly impacting the role of currency. Failure to act promptly will result in missed opportunities and pose risks to our future.”

For years some commentators have insisted that when the US dollar fails, plans are in place to swiftly replace it with the IMF’s “Special Drawing Rights,” a non-redeemable currency that would supposedly be backed by claims on IMF member nation assets.  None of them have been able to explain why the American people,  having been fleeced by the failure of the US fiat currency would be willing to go through the same sort of fleecing again with a multinational fiat currency of even less validity than the dollar.

Washington’s interest in CBDCs can be seen in President Biden’s March 2022 Executive Order (EO) 14067, “Ensuring Responsible Development of Digital Assets.”   The Federal Reserve has large numbers of economists plunging ahead on the CBDC issue as well.

Keeping their gaze permanently fixed on your wallet is the special activity of central banks and multinational bureaucracies.  You will not be surprised to learn that Georgievahe is a former head of the World Bank, another institution dedicated to the conveyance of taxpayer money to sketchy recipients.  Ron Paul once remarked that foreign aid is taking money from poor people in rich countries to give to rich people in poor countries!

Meanwhile, Treasury Secretary Janet Yellen has lent her mighty intellectual support to efforts to set a minimum global tax rate.  The Organization for Economic Cooperation and Development (OECD) has set its sights on a global corporate tax rate of 15 percent.  

The might of predatory multinationals is on the rise, along with designs on your freedom by Washington’s financial and monetary bureaucracies.  

We suggest you take steps to avoid being financially skinned by either one.  Boycott the looters and their currency schemes and delusions with gold and silver.

You’ll be glad you did!