Thread by @FitnessGodDoc

1. Chapter 28: The WEF's Vision of the Future Authoritarian Regimes and Digital Central Bank Currencies from the book "World Economic Forum: The Global Shadow Elite":

The fact that China has played a decisive role for the WEF for decades is not, as many believe, because the...

2. country has set new standards due to its extraordinary economic growth. Rather, it is because, despite the transition from a planned economy to a market economy, China has retained the centralist structures from the Maoist era and that the Chinese government can therefore...

3. operate much more authoritatively than its counterparts acting under parliamentary conditions. This was particularly evident in the context of the Corona crisis, during which the regime in Beijing took an iron-fisted approach and imposed the world's largest and more severe...

4. lockdowns. But it is clear to all the major players in the world financial system that the economic crisis brought about by the lockdowns and the subsequent flood of money from the central banks have finally broken the global financial system. Since this had already been...

5. foreseeable since the failed attempt to turn the tide at the end of 2018 (see Chapter 25), people started thinking about a new system at the same time. At the center of these considerations was the problem of negative interest rates, which would be necessary to maintain the...

6. system. This gave rise to the idea of abolishing traditional banking, taking lending out of the hands of the commercial banks and placing it exclusively in the hands of the central banks. In concert terms, the project looks like this: Every citizen and every company would...

7. have only one account opened with the central bank. This would enable the state to determine the money supply centrally, to manage and control money flows, and set interest rates according to need. the WEF's role in the development and adoption of the digital central bank...

8. currencies was revealed in January 2020, when it launched the Global Consortium for Digital Currency Management. This was "the first initiative to bring together leading companies, financial institutions, government officials, technical experts, academics, institutional...

9. organizations, non-governmental organizations, and members of the Forum's communities on a global scale". The website from which this text is taken also contains information that should have hit like a bombshell if the mainstream media had been serious in their reporting. it..

10. says: "This initiative builds on the work the Forum did last year in convening a global community of central banks to help shape a policy framework for the adoption of digital currencies." it is mentioned here in the passing that the WEF, by bringing together the central...

11. banks, has de facto taken the global lead in developing one of the most important projects for the future of mankind. But that is not all. Indeed, the bog problem is not only the conception, but above the implementation of the new monetary system. Citizens would very...

11. quickly realize that the state could not only track every single transaction, but also impose individual tax rates or even penalties on them in addition to individual interest rates, tie the money to an expiration date or to a Chinese-style social credit system, or cut...

12. them off from all financial flows altogether. In contrast to authoritarian China, where more than 260 million citizens and companies had already accepted a digital central bank account in the form of a wallet by the summer of 2022, such a project would probably only be...

13. enforceable under parliamentary conditions against considerable social resistance. No wonder, then, that solutions are being frantically sought in the background here, too, and a supposed solution has now quietly obviously been found: the universal basic income. It...

14. provides for every citizen - regardless of his or her economic situation - to receive a legally defined state financial benefit that is the same for everyone, without having to provide anything in return. Such an income has long been called for by numerous social...

15. associations, religious communities, and political forces on the left as aid and support for low-income sections of the population. However, the fact that the digital-financial complex is joining these forces has nothing to do with social intentions. Indeed, its problem...

16. which is now becoming increasingly clear, is that the progressive reduction of jobs as part of the fourth industrial revolution is leading to an increasing decline in demand in our consumption-driven economy. This is precisely where, in his eyes, the universal basic income...

17. issued on the basis of digital central bank money comes into play: It would enable the state to fuel demand and also control it artificially - for example, by tying money to an expiration date. In fact, the project is ultimately doomed to fail because it would trigger a...

18. wave of price increases that the government could only stop by imposing price controls, which in turn would lead to reduced supply and thus permanent economic and financial chaos. There is a simple reason for sticking to it nevertheless: It is the only way to maintain the...

19. rule of the digital-financial complex after the collapse of the current monetary system - even if only for a limited time and under extremely authoritarian conditions. That is why the WEF is doing its best to present universal basic income to the public not as a coercive...

20. act, but as a kind of humanitarian act. On its website, it already has wrote on April 17, 2020: Universal basic income is the answer to inequalities uncovered by COVID-19". Interestingly, in the course of the same article, the WEF admits that it knows about the problems:...

21. The naysayers - and there are many of them - will point out that it won't work because no county can afford to distribute money to all the citizens on a regular basis. They'll argue that we'll have unsustainable deficits that can't be financed." That is exactly the case....

22. But WEF goes on to argue, "This is a legitimate concern. But the alternative - not seriously addressing the impact of COVID-19 - will lead to an even greater rise in inequality and exacerbate social tensions, costing governments even more and putting countries at increased...

23. risk of social conflict." Basically, it is openly admitted here that the project is doomed to fail, but people are holding on to it against all reason - for reasons that are interchangeable: It could be COVID-19, but it could just as easily be climate change, an energy...

24. crisis, or war. This is more than revealing because it makes clear why the world has been led from one crisis to the next since 2020 at the latest with the help of the WEF and the political forces it has bred: These crises are needed to push the introduction of the...

25. universal basic income.

Chapter 25: "2018-2019 The Financial System is Finished, What Now?" From the book "World Economic Forum: The Global Shadow Elite"

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