Thread.
The brilliant @NoorBinLadin has become concerned about CBDC's (Central Bank Digital Currencies). Ive done various threads on them before. But pay attention, they're wildly dangerous. We've got until roughly 2030 to stop this. If not, here's what you'll get 👇
The brilliant @NoorBinLadin has become concerned about CBDC's (Central Bank Digital Currencies). Ive done various threads on them before. But pay attention, they're wildly dangerous. We've got until roughly 2030 to stop this. If not, here's what you'll get 👇
The Federal Reserve no longer backs or pegs our currency to gold & now wants to eliminate cash (paper fiat currency) & replace cash with digital wallets filled with Fedcoin for every citizen.
A solely-digital currency may be the worst idea ever:
A solely-digital currency may be the worst idea ever:
-Central Banking is already debt-based & bankrupt, a central banking digital currency only gives the usurious, obsolete Fed more power, not less.
-Business comes to a standstill in any power outages, natural or purposeful.
-CBDC is even less valuable than fiat paper
-Business comes to a standstill in any power outages, natural or purposeful.
-CBDC is even less valuable than fiat paper
-A strong currency has many interconvertible forms (paper, metal, digital, check, money order…)
-Every transaction can be monitored and/or taxed
-Govt can easily add to or delete from any acct
-The government will have absolute power over all commerce, thus all persons.
-Every transaction can be monitored and/or taxed
-Govt can easily add to or delete from any acct
-The government will have absolute power over all commerce, thus all persons.
-Globalists will eventually create a global Central Bank Digital Currency (CBDC) under the Bank of International Settlements (BIS), essentially gaining power & surveillance over the entire planet through currency issuance and financial transactions. We likely wont live that long.
-Bitcoin will be regarded as an unsafe asset by Central banks and lenders, and those found using such will not be given CBDC loans, family wont be eligible for UBI payments, CBDC in any acct may be stripped, housing refused, etc. Only CBDC transactions will be allowed under law.
-The CBDC can and will, for a time, be region specific in an effort to keep populations within a defined region. You wont be allowed to trade your regionally issued CBDC (USR-1) for another regions CBDC (USR-2) so you wont be able to travel there because you'd be broke.
-The Fed will try to achieve all of this by establishing digital wallets for each US citizen, persuading citizens to use the digital wallet by filling it with Fedcoin funny money.
-As a response to Covid-19, govts continue lockdowns which destroy small & midsized businesses.
-As a response to Covid-19, govts continue lockdowns which destroy small & midsized businesses.
-The destitute masses will be forced (or happy) to use this new digital currency proposed by the Fed and early adopters rewarded.
-The new Stimulus funds can now be reallocated, disbursed & presented to the unaware public as ‘Community QE.’
-The new Stimulus funds can now be reallocated, disbursed & presented to the unaware public as ‘Community QE.’
-Once again, a great crisis is brought about and a ‘solution’ is presented which further restricts personal freedoms & privacies by relinquishing ALL control of commerce to one nameless, faceless, digital authority.
-You'll own nothing and you'll be happy!
-You'll own nothing and you'll be happy!
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