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Susan Pockett's avatar

The issue with CBDCs (which of course is COMPLETELY ignored by the WEF's top-of-Google article about how wonderful they will be) is that in combination with advanced surveillance of where everyone is, what they buy, and (most scarily of all) what they SAY, online or anywhere else, CBCCs would make it splendidly easy for governments to exert complete control over their populace. All they would need to do is hook up the advanced surveillance system up to a personal social credit score as is already done in China. Then each (WEF controlled) national government could manipulate every individual person's ability to purchase... well, ANYTHING. Driven yr car too far this month? Your CBDC suddenly doesn't work at the gas station. Bought too much chocolate lately? The supermarket suddenly won't accept your CBDC for chocolate -- only for HEALTHY food like broccoli contaminated with glyphosate, or beer and wine (alcohol being thought by The Comptrollers to be good, (even though there's fairly good science saying it promotes cancer) because they reckon it keeps the plebs ever-so-slightly intoxicated and therefore less likely to complain -- note that liquor deliveries and grocery deliveries were never down during covid). OR, on a slightly larger scale, want to buy a new WASHING MACHINE? Sorry love, washing machines are off. Everybody rents household appliances now.

And golly gosh, suddenly national currencies disappear too, because the Comptrollers of the Currency for the entire world are now based in Switzerland. No problem with exchange rates now. We have a World Government now -- everyone is a citizen of the world.

Oh Brave New World, that has such money in it.

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Susan Pockett's avatar

https://consultations.rbnz.govt.nz/money-and-cash/digital-cash-in-new-zealand/

Lots of assurances, but how long will they last? And what a surprise, it's happening all over the world, at the same time. Ask Google about "Global push for CBDCs" ....

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