The vast majority of people have been following the herd, and politicians have been arse covering. But few politicians who won’t instinctively use a crisis to push an agenda.
So the question you need to ask is who is doing the leg work on setting the agenda and to what end?
It has been decades since we had politicians with a clear sense of working to achieve targeted outcomes.
They absolutely need organisations that can help them with the big picture thinking they can’t engage in themselves.
*IF* this is true, not some tactical retreat. I will be utterly delighted to be wrong.
However, I think government is starting to realise how hard a CBDC is, it will take them years. So they have time to pullback on the Digital ID element.
When they learn more about the challenges to implement a CBDC they will almost certainly partner with a private provider on one of the alternatives layer 1 coins.
Digital ID may get bundled into it.
The new digital wallet will probably use the carrot rather than the stick.
I.e. Sign up for a digital wallet to get a UBI of £200 a month completely free, etc.
I think they realised coercion was being counterproductive.
Governments are better at bribery.
The most important thread your read today on the size & scale of the fight we are in, and how we win it.
The last 16 months are all because the logic of control by governments is changing in a digital world. A thread to completely understand why and how.
🧵1/18
The third industrial revolution in the late 1400s moved people from Agriculture to Industry. In doing so the Church and Feudal Lord lost all their power, today the Lord and Bishop are shadows of their former might.
Today the Politician & Banker face the same threat.
🧵2/18
The digital world simply don’t require the what politicians offer. Crypto requires nothing from big banking elites.
They are the most powerful & ruthless people on earth. Meet every year in Davos and they see all this coming.
Did you think they were going to just watch?
🧵3/18
I’ve recently wrote about the governments desperation for vaccine passports in terms of achieving a National Digital ID linked to a new digital currency dubbed Brit-Coin.
What would a Centralised Digital money future actually look like?
🧵(1/22)
Our existing financial system consistently redistributes wealth from the masses to the elites. That’s very evident to anyone with a few decades of life experience as they have seen asset price growth (like houses) massive outstrip wage growth. thelondoneconomic.com/property/house…
(2/22)
Indeed, it was the creation of our current broken monetary system in 1971 that started this huge divergence. As from that point on economic improvements no longer benefited all citizens.
Economic improvement accumulated in the finance sector.
(3/22)
Do you want to know why the elites have destroyed your lives over the last 15 months?
Well read on, I promise to explain all of it
A thread.
It links nicely to this story: dailymail.co.uk/news/article-9…
(1/28)
Remember Gordon Brown promising to end ‘boom and bust’? He didn’t of course, B&B are a feature of our type of monetary system. What’s worse that system comes with a built in self-destruct mechanism and we are perilously close to that point.
(2/28)
The theory is during a boom you raise interest rates to cool the economy and each bust you lower them to stimulate.
BUT – each time we have boom & bust we come out if it with lower sustainable interest rates.
(3/28)