Wot No Cash?! Central Bank Digital Currency, Digital ID & Freedom - livestream from London
#Together Talks tackles the topics of money, Digital ID, and surveillance and how the ability to spend anonymously is linked to our freedoms
#Together Talks tackles the topics of money, Digital ID, and surveillance and how the ability to spend anonymously is linked to our freedoms
...The second purpose of this post is to amplify a topic that I touch on in the video, and that’s what Klaus Schwab and his platoon of corporate brown nosers at the World Economic Forum might have in store for us. As it turns out, they’ve provided some big clues, which I’ll get to in a minute. To lay some groundwork for that discussion, though, let me say more about the video.
“Why Is the Federal Reserve Provoking a Financial Crisis?” makes the case that we are right now hurtling into a very serious financial crisis. In fact, it appears we are entering a new era in which the Federal Reserve is no longer coming to the aid of the banks at the first sign of distress. That’s not to say that the Fed won’t eventually intervene and try to control the inevitable crisis. I’m damn near certain it will.
But the era of knee-jerk bailouts by the Fed is over. As the video (like Whalen’s post) shows, the banking industry is dead broke. Moreover—and Whalen doesn’t get into this—the banks have already started to borrow huge sums of money in a panic. In the run-up to the flashpoint of previous crises, the Fed’s response to the first whiff of panic in the retail banking sector has been immediate; actually, as the video shows, the Fed seems to be fully aware of the panic well ahead of the actual flashpoint.
Now, however, the Fed appears to be not only perfectly content to let banks go ahead and panic, it is in fact actively dunking those banks even deeper underwater with interest rate increases. The next crisis, when it inevitably hits, promises to be spectacular.
That brings me back to the topic at hand, which is what Klown & the Gang might have planned in the way of the next pre-formatted sci-fi horror show that will draw attention away from huge problems with the doe-ray-me. This of course is a matter of rank speculation, so let the betting begin. I encourage readers to let it rip with their opinions in the comments.
I see three big clues as to how Klown & the Gang’s next production might play out: (1) what happened during the pandemic (hereinafter, PANDEMIC!!!), (2) official acknowledgment (by both Treasury and the Fed) that U.S. debt is on an unsustainable path (and that extraordinary measures are needed to rein it in), and (3) the recent annual meeting in Davos of Klown & the Gang discussing global risks that lie ahead...
At the moment, spending cash in a retail setting----without biometric surveillance such as facial recognition cameras---is automatically anonymous. While "token-based access" retail CBDC could theoretically maintain our anonymity, this is irrelevant because we are all being herded into a retail CBDC design that is "rooted in a digital identity scheme."
The UK central bank—the Bank of England (BoE)—has recently published its envisaged technical specification for its CBDC which it deceptively calls the Digital Pound. The BoE categorically states:
Again, it is imperative to appreciate that CBDC is nothing like cash. Cash may be preferred by "criminals" but it is more widely preferred by people who do not want to share all their personal data simply to conduct business or buy goods and services.
- CBDC would not be anonymous because the ability to identify and verify users is needed to prevent financial crime and to meet applicable legal and regulatory obligations. [. . .] Varying levels of identification would be accepted to ensure that CBDC is available for all. [. . . ] Users should be able to vary their privacy preferences to suit their privacy needs within the parameters set by law, the Bank and the Government. Enhanced privacy functionality could result in users securing greater benefits from sharing their personal data.
The Digital Pound will end that possibility for British people. Just as CBDCs in every other country will end it for their populations.
The BoE model assumes no possible escape route. Even for those unable to present state approved "papers" on demand, "varying levels of identification" will be enforced to ensure that the CBDC control grid is "for all." The BoE, the executive branch of government and the judiciary form a partnership that will determine the acceptable "parameters" of the BoE's, not the users, "privacy preferences."
The more personal identification data you share with the BoE and its state partners, the sweeter your permitted use of CBDC will be. It all depends upon your willingness to comply. Failure to comply will result in you being unable to function as a citizen and ensure that you are effectively barred from mainstream society.
If we simply concede to the rollout of the CBDC, the concept of the free human being will be distant memory. Only the first couple of post CBDC generations will have any appreciation of what happened. If they don’t deal with it, the future CBDC slavery of humanity will be inescapable.
As if we didn't already know, the war in Ukraine was always planned, it is clearly part of the scheme to move to CBDC. But the implementation of DIGITAL-ID via COVID-19 didn't succeed in the way it was meant to, so they are clearly going to return to it with a new pandemic and sure up the areas where it failed last time, maybe under the quickly designed WHO-PANDEMIC-TREATY that is being push for ratification currently.Contrary to the stories we are told, central banks are private corporations. These private corporations operate a global monetary and financial empire that is overseen and coordinated by the Bank for International Settlements (BIS).
The BIS does not come under the jurisdiction of any nation state nor intergovernmental organisation. It is exempt from all "law" and is arguably sovereign over the entire planet. As its current monetary system power-base declines, it is rolling out CBDC to protect and enhance its own authority.
While a "most likely" CBDC "platform" model has emerged, there is, as yet, no agreed single technical specification for CBDC. But, for the reasons we discussed previously, it is safe to say that no national model will be based upon a permissionless DLT---blockchain or otherwise---and all of them will be "interoperable."
In 2021 the BIS published its Central bank digital currencies for cross-border payments report. The BIS defined "interoperability" as:
The BIS' global debt based monetary system is "tapped out" and CBDC is the central bankers' solution. Their intended technocratic empire is global. Consequently, all national CBDCs will be "interoperable." Alleged geopolitical tensions are irrelevant.
- The technical or legal compatibility that enables a system or mechanism to be used in conjunction with other systems or mechanisms. Interoperability allows participants in different systems to conduct, clear and settle payments or financial transactions across systems
The CBDC Tracker from the NATO think tank, the Atlantic Council, currently reports that 114 countries, representing 95% of global GDP, are actively developing their CBDC. Of these, 11 have already launched.
Just as the pseudopandemic initiated the process of getting "central bank money" directly into private hands so, according to the Atlantic Council, the sanction response to the war in Ukraine has added further impetus to the development of CBDC:
That this evidences the global coordination of a worldwide CBDC project, and that the BIS innovation hubs have been established to coordinate it, is apparently some sort of secret. China's PBC, for example, is a shining beacon of CBDC light as far as the BIS are concerned:
- Financial sanctions on Russia have led countries to consider payment systems that avoid the dollar. There are now 9 cross-border wholesale CBDC tests and 7 cross-border retail projects, nearly double the number from 2021.
The People's Bank of China (PBC) has been coordinating development of its CBDC cross-border payment system in partnership with the BIS via the m-Bridge CBDC project which is overseen by the BIS' Hong Kong innovation hub.
- [. . . ] improving cross-border payments efficiency is also an important motivation for CBDC work. [. . .] The possibilities for cross-border use of retail CBDC are exemplified by the approaches in the advanced CBDC project in China[.]
Supposedly, the Central Bank of the Russian Federation (CBR - Bank of Russia) was suspended by the BIS. Apparently, it was also ousted from the SWIFT telecommunications system. We were told that this was a “punishement” for the Russian government’s escelation of the war in Ukraine. In reality, it is doubtful that the BIS suspension ever occurred, and the SWIFT sanction was a meaningless gesture. Developing interoperable CBDC’s takes precedence over anything else.
All we have to substantiate the BIS suspension claim is some Western media reports, citing anonymous BIS sources, and an ambiguous footnote on a couple of BIS documents. Meanwhile, the CBR is currently listed as an active BIS member with full voting rights and no one, either from the BIS or the CBR, has made any official statement in regard to the supposed suspension.
The CBR's cross-border CBDC development uses two of the three BIS m-Bridge CBDC models and it is testing its interoperable “digital ruble” with the PBC. Seeing as the PBC is BIS m-Bridge development "partner," alleged suspension or not, there is no chance that the "digital ruble" won't be interoperable with the BIS' new global financial system...
rachel wrote: ↑Tue Nov 01, 2022 9:02 pm The Central Bank Game Plan In Under 3 Minutes - Richard Werner
Professor Richard A. Werner, born in Germany in 1967, holds a First Class Honours B.Sc. in Economics from the London School of Economics and a doctorate in Economics from the University of Oxford. He has also studied at the University of Tokyo.
Richard is a Member of Linacre College, Oxford, and is a university professor in banking and finance. He is also a founding chair of Local First, a community interest company establishing not-for-profit community banks in the UK (including the Hampshire Community Bank). His recommended charity is the Association for Research on Banking and the Economy (www.arbe.org.uk). You can follow him on Twitter @scientificecon.
Until February 2019, Richard was for many years a member of the ECB Shadow Council. In 2008 he founded, and has been director of the Centre for Banking, Finance and Sustainable Development – the first research centre to focus on the link between the financial sector and sustainability issues. Between 2009 and 2012 for five semesters he was a full-time professor of monetary, macro and development economics (W3) at Goethe-University Frankfurt. Until July 2018 he was Professor of International Banking at the University of Southampton (having joined in April 2004). From 1997 to 2004 he was assistant professor in economics and finance at Sophia University, Tokyo (one of Japan’s top 3 private universities). He has also taught development finance and sustainability at Moscow State University, as well as a range of economics, banking and finance courses at a number of other universities.
His work experience includes over four years as highly-rated chief economist at Jardine Fleming Securities (Asia) Ltd., a stint as Senior Managing Director at Bear Stearns Asset Management Ltd., many years managing global macro funds, several years as senior consultant to the Asian Development Bank and periods as visiting scholar and visiting researcher at the Japanese Ministry of Finance and the Bank of Japan, respectively. He was also the first Shimomura Fellow at the Development Bank of Japan.
In 1992, while European Commission Fellow at Oxford University’s Institute for Economics and Statistics, Richard proposed the disaggregation of credit and its impact on asset markets and growth with his ‘Quantity Theory of Credit’ (see here). In 1995, he advanced the concept of ‘quantitative easing’ in Japan (defined as an expansion in credit creation, published in the leading daily newspaper, the Nikkei, on 2 September 1995). His book ‘Princes of the Yen’ was a No. 1 bestseller in Japan, beating Harry Potter for six weeks. In its English edition of 2003, he warned of the coming creation of credit bubbles and banking crises in the eurozone. So did his 2005 book ‘New Paradigm in Macroeconomics’ (Palgrave Macmillan). In 2014, Richard published the first empirical proof of the fact that banks create money when they grant loans. The World Economic Forum, Davos, selected him as “Global Leader for Tomorrow” in 2003.
Richard Werner on the Sovereign City of London
In this extract from our Renegade Inc. Show "The Finance Curse", Richard Werner explains why even the Queen of England is not allowed to enter the City without permission.
Watch the full episode here - youtu.be/2gvvOiZ0RqU
There seems to be an argument backed up by scientific investigation that the vaccine for the swine flu that is going around is potentially lethal, very dangerous anyway, and if [the BBC] are actually doing what their charter demands of them, they should be saying there are two sides to this story and they should be looking into it. Nobody mentions the risks associated with this.....[BBC replying to his official complaint]...IT IS IN FACT CONSENSUS OPINION AMONG DOCTORS THAT THE VACCINE - and Tamiflu, which was created by a very well known person in America who is profiting from this - IS SAFE [cha-ching, cha-ching]. Suddenly the BBC is reporting consensus opinion, and that's their job as far as they are concerned.
That's quite interesting, it kind of reminder me of something else. Spot the differece.consensus | kənˈsɛnsəs |
noun [usually in singular]
a general agreement: [with clause] : there is a growing consensus that the current regime has failed | [as modifier] : a consensus view.
ORIGIN - mid 17th century: from Latin, ‘agreement’, from consens- ‘agreed’, from the verb consentire.
conspiracy | kənˈspɪrəsi |
noun (plural conspiracies)
a secret plan by a group to do something unlawful or harmful: a conspiracy to destroy the government.
[mass noun] the action of plotting or conspiring: they were cleared of conspiracy to pervert the course of justice.
PHRASES - a conspiracy of silence
an agreement to say nothing about an issue that should be generally known: the ministers took part in a conspiracy of silence over the decision to close the steelworks.
ORIGIN - late Middle English: from Anglo-Norman French conspiracie, alteration of Old French conspiration, based on Latin conspirare ‘agree, plot’ (see conspire).
If we are using the Great Flood as the context, which would you rather? To be taken, or to be left? The fact it suggests Christians might have it all wrong is unsurprising, everything to do with the True Gospel message has been a bait and switch. Nimrod, the builder of the Tower of Babel was historically born on 25th December.For as in the days that were before the flood they were eating and drinking, marrying and giving in marriage, until the day that Noe entered into the ark, And knew not until the flood came, and took them all away; so shall also the coming of the Son of man be. Then shall two be in the field; the one shall be taken, and the other left. Two women shall be grinding at the mill; the one shall be taken, and the other left. Watch therefore: for ye know not what hour your Lord doth come. But know this, that if the goodman of the house had known in what watch the thief would come, he would have watched, and would not have suffered his house to be broken up. Therefore be ye also ready: for in such an hour as ye think not the Son of man cometh. - Matthew 24:38-44 KJV
In this period of the year students and teachers of Bible-prophecy always pay extra attention to the events in the world and to the signs the Lord gives (high watch time). The reason being that we have the so-called fall feasts at the door, in particular Yom Teruah (aka Rosh haShanah) on September 15 to 17, which is believed to be an extremely likely candidate for the fulfillment of the rapture of the church. Let me remind you that Jesus fulfilled the four preceding feasts in the Biblical year exactly on the appointed days (Passover, Unleavened Bread, First Fruits and Pentecost), and this is the next one in line. On top of that Yom Teruah has all the hallmarks of the rapture (unknown or hidden day, last trumpet, etc.).
But when we look at the events in the world, it is also crystal clear that we are ever so near to that day. Just to name a few:
Then of course there is the ongoing war and increasing threats of it spilling out to a larger open conflict between NATO and Russia. There are the increasing meteor impacts; the rapid moral decay of every fabric of society around us; and the church sinking into an ever deeper sleep.
- Where not yet implemented we see the rapid introduction of digital IDs, or IDs with a digital chip. Here in Greece the roll out of new IDs with an RFID chip will begin September 25 this year . And although downplayed by the prime minister Mitsotakis, the news outlet Triklopodia clearly sees the prelude to the mark of the beast .
- To our amazement many people still have not heard about CBDC (central bank digital currency). But in many regions and countries it has been tested and set up in the past months. The digital Euro as well as the digital Dollar are ready. These have been technically, legally and legislatively implemented under the radar in the past year or so and are ready to be activated. All will eventually be consolidated under a digital world coin. The bank of international settlements (BIS) has for this purpose already launched a digital world coin (the UniCoin) .
- A (global) digital coin requires digital ID, and that forms one of the main characteristics of the Mark of the Beast as described in the book Revelation chapter 13. That is why these two points are so important.
- The EU has approved the Digital Services Act (DSA) . Allegedly to create a safer digital space, but it is effectively nothing more than total control over information on the internet. It allows unelected bureaucrats and their 'fact-check teams' to decide what is mis- and disinformation and have it scrubbed from social media sites and private websites. The landmark digital rules have been adopted on 5 July 2022.
- The UN states that "we weed 7 years of accelerated, transformative action to achieve the SDGs" . Whenever we see '7 years', all alarm bells (should) go off. Obviously, this counts down to 2030. In my recent video '2030: The Second Coming of Jesus' I propose the possibility of Jesus' second coming in that year. That must mean that the tribulation period must start this year 2023, and subsequent that the rapture of the church must precede it and that makes this Yom Teruah the more a valid candidate for the rapture of the church. So, when reading an announcement like this from the UN, it only strengthens this feeling.
If this is not the appointed time, then, may God help us all. Well, we need that anyway, but I am just wondering: how much worse can it get?
Brothers and sisters, have your lamps filled, be awake and look up!!
 https://www.keeptalkinggreece.com/2023/ ... eece-data/
 https://www.europarl.europa.eu/news/en/ ... -explained
 https://www.un.org/en/desa/we-need-7-ye ... hieve-sdgs