It's important to consider that Westerners may not be inclined to embrace a socialist lifestyle, like CBDC, due to differences in cultural norms and values. The practicality of implementing such a system in the Western world is still uncertain. It's possible that some individuals may even reject a digital communist agenda (i.e., being spied on 24/7 by a phone app).
It's important to consider that Westerners may not be inclined to embrace a socialist lifestyle, like CBDC, due to differences in cultural norms and values. The practicality of implementing such a system in the Western world is still uncertain. It's possible that some individuals may even reject a digital communist agenda (i.e., being spied on 24/7 by a phone app).
You can thank the United States Founders for the 10th Amendment. It will save our asses in the end. Already states are banning CBDC and establishing a gold standard again.
As a society, we are still adjusting to the idea of submitting to an app created in China. It goes against our cultural inclination towards freedom and independence. However, those who make it through this difficult period may find themselves turning towards secession as a means of self-preservation. This phenomenon was studied by the esteemed historian, Howard Zinn.
Yes, it probably would bring sanity back as far as inflation goes but I doubt it would stop the surveillance and control. Augustin Carstens (BIS) said as much in this video:
I don't understand how backing any digital currency with hard assets (gold etc) would prevent or even mitigate surveillance/control. I'm under the impression that China is buying gold and is backing it's currency with gold but they're big into surveillance & control, no? Unless there's a difference between the yuan used for international trade & settlement and what the Chinese people use domestically.
OK, now I understand. I absolutely agree...something like bitcoin backed by a hard asset, e.g., gold, would probably be great. Some might argue that bitcoin doesn't need hard asset backing, but that's another discussion.
The problem is however, I don't think that big spying, controlling gov will allow a competitor to their CBDC's. Is bitcoin allowed in China? What about Nigeria where CBDC's have been trialed (not popular)?
I think it's way too easy for gov to regulate crypto including bitcoin so that all the privacy benefits go out the window.
I'm in Canada and our prime minister is too enthralled by China to make me optimistic in the short term.
Another video for you from kitco, from the Bitcoin 2023 conference in Miami, interviewing Gareth Soloway. Pay particular attention at about 18+ minutes where Gareth notes that the US is pretty much following China's play book: China banned bitcoin then allowed it once they had their CBDC setup. Gareth notes that the US is probably waiting to set up regulations for bitcoin until after the launch of a CBDC. In other words, all the exits are being blocked.
Not related but along the same lines, I just read an MSM article this morning saying that Canada wants to have doctors & hospitals report adverse events from supplements, all because of adverse events from pharmaceuticals, 2nd link if you're curious.
It's important to consider that Westerners may not be inclined to embrace a socialist lifestyle, like CBDC, due to differences in cultural norms and values. The practicality of implementing such a system in the Western world is still uncertain. It's possible that some individuals may even reject a digital communist agenda (i.e., being spied on 24/7 by a phone app).
Important take. Thanks for sharing.
You can thank the United States Founders for the 10th Amendment. It will save our asses in the end. Already states are banning CBDC and establishing a gold standard again.
As a Canadian, I am hopeful that we will experience a similar event in our country. - Luc
You'll have to throw off those filthy monarchs first, and raise a declaration of independence. We did and are still trying to keep them out. lol
Who do you think is behind the wef and the who? Best of luck you guys up there. Love you all. xoxo
Kindly spare a moment to peruse the concluding paragraph of the subsequent article:
https://aaronkheriaty.substack.com/p/the-rise-of-the-biomedical-security?utm_source=post-email-title&publication_id=491610&post_id=123593181&isFreemail=true&utm_medium=email
It is indeed accurate to state that the recently crowned ruler is WEF.
Well, hes the king in that nation, anyhow. We don't do kings in the US.
...other than the king of glory, of course
I distinctly remember when Richard Nixon announced in 1971 that the US dollar would no longer be backed by gold.
Me, too. Even I, as a kid, was not happy with that decision.
I want gold and silver vending machines. lol
https://www.keepcalmandwander.com/vending-machine-dispenses-gold-dubai/
Before 2020 I would have agreed with you without a 2nd thought but covid showed how easily Westerners are bought/scared/brainwashed.
All it would take is the right narrative, something like...banks are collapsing...your money isn't safe...deposit it with the central bank...
Those of us who might resist will be demonized.
Like usual. Aren't you used to being a "demon" in the eyes of the demons?
I might have buttons made up but I don't think it would go over well when going to church.
As a society, we are still adjusting to the idea of submitting to an app created in China. It goes against our cultural inclination towards freedom and independence. However, those who make it through this difficult period may find themselves turning towards secession as a means of self-preservation. This phenomenon was studied by the esteemed historian, Howard Zinn.
Encl.
https://www.youtube.com/watch?v=zKQfxi8V5FA&list=RDGMEMQ1dJ7wXfLlqCjwV0xfSNbA&index=14
That song has come to mind a lot lately!
Agree, thanks for the link.
I'm not sure that a gold backed DC would be nothing more than a gold backed social credit system/surveillance system.
Exactly.
Yes, it probably would bring sanity back as far as inflation goes but I doubt it would stop the surveillance and control. Augustin Carstens (BIS) said as much in this video:
https://www.kitco.com/news/video/show/Market-Analysis/4509/2023-05-17/CBDCs-are-coming-this-is-how-to-prepare---John-Butler#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DMarket-Analysis
Go to about 6 minutes to see him speaking, this entire video is worth watching.
I don't understand how backing any digital currency with hard assets (gold etc) would prevent or even mitigate surveillance/control. I'm under the impression that China is buying gold and is backing it's currency with gold but they're big into surveillance & control, no? Unless there's a difference between the yuan used for international trade & settlement and what the Chinese people use domestically.
OK, now I understand. I absolutely agree...something like bitcoin backed by a hard asset, e.g., gold, would probably be great. Some might argue that bitcoin doesn't need hard asset backing, but that's another discussion.
The problem is however, I don't think that big spying, controlling gov will allow a competitor to their CBDC's. Is bitcoin allowed in China? What about Nigeria where CBDC's have been trialed (not popular)?
I think it's way too easy for gov to regulate crypto including bitcoin so that all the privacy benefits go out the window.
I'm in Canada and our prime minister is too enthralled by China to make me optimistic in the short term.
Another video for you from kitco, from the Bitcoin 2023 conference in Miami, interviewing Gareth Soloway. Pay particular attention at about 18+ minutes where Gareth notes that the US is pretty much following China's play book: China banned bitcoin then allowed it once they had their CBDC setup. Gareth notes that the US is probably waiting to set up regulations for bitcoin until after the launch of a CBDC. In other words, all the exits are being blocked.
Not related but along the same lines, I just read an MSM article this morning saying that Canada wants to have doctors & hospitals report adverse events from supplements, all because of adverse events from pharmaceuticals, 2nd link if you're curious.
https://www.kitco.com/news/video/show/Bitcoin-Miami-2023/4517/2023-05-24/Bitcoin-is-revealing-this-movement-in-stocks-BTC-is-a-leading-indicator---Gareth-Soloway#_48_INSTANCE_puYLh9Vd66QY_=https%3A%2F%2Fwww.kitco.com%2Fnews%2Fvideo%2Flatest%3Fshow%3DBitcoin-Miami-2023
https://nationalpost.com/news/canada/industry-blindsided-by-ottawas-plan-to-track-ill-effects-of-natural-health-products