Central Bank Digital Currencies on Fast Track
When this happens, you will wish you owned gold.
We are encouraged that more and more people we talk to are aware of the freedom and prosperity destroying properties of Central Bank Digital Currencies (CBDC). Unfortunately, we must report that these digital, Deep State, total surveillance monetary substitutes are headed our way on a fast track.
You may remember the truckers in Canada during the Covid lockdown protests in Ottawa. The freezing of their financial assets was only the beginning.
The latest development on the fiat, digital, fake-money front involves the International Monetary Fund’s plunge into CBDCs. It is hard enough to keep an eye on and pry freedom-hating, power-worshipping politicians out of office in one national government, but it will become an insurmountable problem if governance becomes globalized. It is bad enough when your nation-state attempts to corral you into a complete control currency, but it is far worse if such a currency is globalized. Then there will be no place to go, no place to turn that is outside the system.
But the people’s interest notwithstanding, all the multinational institutions – the World Bank, the IMF, and the Bank for International Settlements – appear to be pushing CBDCs.
In addition to CBDCs’ power as a tool of social control, they represent totalitarian economic and financial power, enabling the authorities to impose top-down fraudulent and misleading interest rate schemes, undebated and unstoppable taxes, and currency devaluations.
Here is a news release about an announcement made last week:
WASHINGTON, April 10, 2023- Today, at the International Monetary Fund (IMF) Spring Meetings 2023, the Digital Currency Monetary Authority (DCMA) announced their official launch of an international central bank digital currency (CBDC) that strengthens the monetary sovereignty of participating central banks and complies with the recent crypto assets policy recommendations proposed by the IMF.
PRNewswire
Our thanks to Michal Snyder at the Economic Collapse Blog for bringing this news to our attention. Snyder writes:
As the press release quoted above indicates, this new “Universal Monetary Unit” was created by the Digital Currency Monetary Authority.
So who in the world is the Digital Currency Monetary Authority?
Honestly, I had no idea until I started doing research for this article.
The press release says that the organization consists of “sovereign states, central banks, commercial and retail banks, and other financial institutions”…
We recommend reading Snyder’s article at the above link. Meanwhile, be aware that when the authorities begin the wholesale restructuring of a currency system, changing denominations, convertibility, redeemability, and planning currency call-ins, it is because currency failure is in the offing.
So while the Deep State Money Manipulators are intent on stampeding the people into the universal control of CBDCs, their own central banks, are acquiring gold at record rates.
Of course, they are.