I have talked a little about Central Bank Digital Currency (CBDC) as it is occurring now, and in my Espe stories of how it was avoided in that futuristic view. While the potentialities of a CBDC could be positive, the very fact that they are to be controlled by global hierarchies makes them a dangerous proposition indeed. The corruption that exists in the world will not go away easily and certainly not if we complacently ignore it or simple go along with it happening, and hope for the best. In many parts of China, it is seen as part pf the government controlled social credit scoring system (SCSS). It is manifesting now in the west with banks restricting the flow of money itself and using terms like ‘politically exposed person (PEP)’ to freeze bank accounts. Note that PEP could also mean ‘potentially exposed person’ as during a pandemic to enforce quarantines’ – remember the drive to find people who were together during the Covid period. It could eventually, and sooner than you think, mean any dissident of any kind the hierarchy deems a problem.
During the truckers strike in Ottawa, many people in Canada who submitted donations to a trucker support fund found their accounts frozen as did the truckers themselves. The ability to do this has been around for several years to freeze bank accounts for political, criminal, or terrorist entities. The very fact that it is now being applied to citizens is a red flag to the rest of us of how the powers that be are manipulating us into a globally controlled system in which personal sovereignty will be a thing of the past. This is not the stuff of conspiracy theory, it is happening, in the open, in front of our very eyes. And the excuse being used is that it is more ‘efficient’ to do so.
One of the stories I often hear to justify this is that ‘only criminals want to use money’ so their dealings go unnoticed by the authorities. Flip that around and notice how in so many of the police shows nowadays, the police seem so easily able to delve into suspects accounts. If they can do it for suspects, what is to stop any hierarchical system doing it to you. It’s not that you are doing anything wrong, but the ability of the system to keep track of everything in your life already exists. In most countries, this power is restricted unless you are suspected of breaking the law, and then your life can become an open book. So, am I just being a little paranoid that the Chinese SCSS is but a step away from being a global reality?
Artificial Intelligence using algorithms’ for Banks, business marketing, and all internet services have already been using your financial transactions for years to target you for marketing. Anytime I look up an item on the internet, I start to see ads for similar items show up in all my internet browsing. And that is so they can target you for ads pertinent for what you would like to see and not just random ads. Notice how subtly they say it is about your needs, and for efficiency. It all seems like it is geared for your convenience, and for right now it seems to be. However, the dark side of this convenience is revealing itself.
During 2023, in the UK especially, some odd things have been happening that made the independent news cycles. Some outspoken people (labelled PEPs) have found their bank accounts not just frozen, but closed, with the people refused the option to bank anywhere within the country in which they bank. And what determines a PEP? Someone with any connection (real or perceived) to an organization ‘of interest’ to the authorities.
So, in an effort to stem ‘crime and terrorism’ there is a push to make internet transactions as easy as possible as the everyday way of payment – sounds straight forward enough a reason. Just ‘charge it.’ I have used credit cards for decades and find them convenient. I never use them for credit card loans and pay them off every month. But I also use cash for things such as small purchases, a little something to the homeless I encounter, to give a nice tip to a server, or if I want to surprise the wife with a gift that I don’t want her to know about from the credit card transaction. Cash is a nice and anonymous. But the powers that be don’t like anonymous things – they want to know all about your life. Hence the big global push to digitize everything.
A couple of weeks ago, the Nat West banks in the UK started to restrict daily deposits or withdrawals to 250 GBP. Think of the difficulties from being restricted to how much cash you can use in any given day. You get a thousand GBP (or whatever currency you use) but cannot deposit it all in the bank in one day, so it has to be done over four days. Need a thousand to pay a tradesman for a job on the house – have to take it out over 4 days. This seems like the first push to eliminate cash.
While I have stated a concern about this being the start of a global SCSS – not unlike the idea of global health passports in order to travel – it also causes a blip in how localized communities could operate. Imagine everything you buy has to be with a credit or debit card. Suppose you have the local handyman come in and repair a faucet on your sink, and he did it just to be helpful as part of the community. You decide you want to give him a tip for his work, but now it has to be via a card where it is now counted as income and therefore potentially taxable. Or your new bed has been delivered and you want to tip the movers for bringing the bed up an awkward set of stairs. If you have to use the card, then it is again income. And if the authorities don’t like the movers (for whatever reason) you might now be complicit as a type of PEP.
I don’t want to go on at length about the benefits of cash for local living, but if you wanted to begin a Locally Economic Transfer System (LETS – see links 1, 2, and 3) you could create your own local money, but how do you think that would go down with governmental authorities now intend on controlling the whole system? Trust in government is at an all time low (See OECD) so how do we all feel about trusting the governments of the world, aligned with Cabalistic designs for global control, not using a CBDC to control us all without needing to ask? Well, that reality is literally on your doorstep. And so is the implant that electronically links you to the internet and where the powers that be can track everything about you in real time. It’s not science fiction anymore.
How do you feel about your every action and behavior being used to determine whether you can actually use your own money, buy groceries, travel beyond walking distance from your home, or even the option to leave your house. Imagine every single action you do being monitored. With the way CCTV cameras are becoming a norm everywhere, that is also becoming a reality. Does an authority that has access and potential ability to control your personal funds coupled with the ability to know where you are at all times make you nervous. It should for it sounds a lot like ‘Big Brother’ from Orwell’s ‘1984’ novel.
For now this issue of CBDC is mainly within developed countries as many undeveloped countries do not yet have full internet access across the country – mainly within cities and large towns for now. But there is a rush to create access everywhere on the planet. The new 5G systems linked to a net of global internet satellites is fast becoming a reality. And the technology to get everyone connected will be literally given away to capture everyone. For instance, ultracheap cell phones are already available in many remote rural areas in Africa and India. This dream of connectivity is a double-edged sword in which we need to know who is in control.
Imagine being shunned (or closed off from society) for not being compliant with dictated norms, or because you dared to voice your opinion contrary to imposed new authoritarian designated norms. Once we yield personal sovereignty to a CBDC, then it is but a simple step to create a SCSS. They won’t do it overtly, but subtly, so you accept it as normal and for convenience, security, and safety reasons. (Just recall the Covid lockdowns as a recent example of how authorities think and act.) So, what can you do. Keep using cash and resist the hierarchical movement to do everything digitally. What we come to accept as normal as so often portrayed in TV shows and movies, could soon be our real new normal. Our autonomy and personal sovereignty are at stake. Our first act of defiance – keep using cash; don’t hand it all back in to the banks when they ask for it all. Keep it for local transactions to maintain autonomy and freedom.
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