Cashless Society: WEF Boats That 98% Of Central Banks Are Adopting CBDCs

Whatever happened to the WEF? 1 minute they were everywhere in the media and now they have all but disappeared from public discourse. After the pandemic agenda was defeated and the plan to exploit public feat to make a perpetual medical autocracy was exposed, Klaus Schwab and his Merry band of globalists slivered back into the woodwork. To be sure, we’ll be seeing them again 1 day, but for now the WEF has relegated itself distant from the spotlight and into the dark recession of the Davos echo chamber.

Much of their discussions now focus on issues like climate change or DEI (Diversity, Equity, inclusion), but 1 vital subject continues to pop up in the white papers of global think tanks and it’s a program that was introduced very publically during covid. all individual that cares about economical freedom should be war of Central Bank Digital Currencies (CBDCs) as possibly the biggest Threat to human liberty since the requested induction ofvaccine passports.

The WEF is late boasted in a fresh white paper that 98% of all central banks are now hosting CBDC programs. The report, titled 'Modernizing Financial Markets With Wholesale Central Bank Digital Currency', notes:

“CeBM is perfect for systematically crucial transactions despite the age of alternate payment instruments...Whole central bank digital currency (wCBDC) is simply a form of CeBM that could unlock fresh economical models and integration points that are not feasible today.”

The paper primary focusses on the streamlining of crossborder transactions, an effort which the Bank for global Settlements (BIS) has been profoundly active in for the past fewer years. It besides highlights an unusual concept of different CBDC mechanisms, each 1 specifically designed to be utilized by different institutions for different senses. Wholesale CBDCs would be utilized only by banking institutions, governments and any global corporations, as opposed to Retail CBDCs which would be reserved for the regular population.

How the value and buying power of Wholesale CBDCs would disagree is not clear, but it's easy to guess that these devices would give banking institutions a large ability homogenize global currencies and transactions. In another words, it’s the way to an exact global currency model. By extension, the adoption of CBDCs by governments and global banks will eventual lead to what the WEF calls “dematerialization” – The Removal of Physical Securities and Money. The WEF states:

"As with the Bank of England's (BOE) RTGS modernization program, the intention is to introduce a full digitized safety strategy that is future-proof for creative adoption of DLT (Distributed Ledger Technology). The tokenization of assets involves creating digital tokens presenting underlying assets like real estate, equity, digital art, intellectual property and even cash. Tokenization is simply a key usage case for blockchain, with any estimates pointing merchandises $4-5 trillion in tokenized securities on DLTa by 2030."

Finally, they let the cat out of the bag:

"The BIS proposed 2 models for bringing tokenization into the monetary system: 1) Bringing CBDCs, DTs and tokenized assessments on to a common unified ledger, and 2) prosecute industrial advancement by creating interlinking systems.

They determined the later option was more negative given that the erstwhile requires a registration of financial systems. Experimentation with the unified ledger concept is ongoing.”

To interpret this into decoded language – The unified ledger is fundamentally another word for a 1 planet digital currency strategy full centralized and under the control of global banks like the BIS and IMF. The WEF and BIS are acknowledged by utilizing "interlining systems" (attaching CBDCs to papercurrenties and physical contracts and then slow but recommending these assets and making digital the fresh standards). It’s the totalitarian tip-toe.

The BIS predicts there will be at least 9 major CBDCs in circulation by the year 2030; this is likely an understatement of the intentioned plan. Globalists have hinted in the past that they like full digitization by 2030.

A cashless community would be the end game for economical anonymity and freedom in trade. Unless alternate physical currencies are happily adopted in protest, CBDCs would make all transactions traceable and easy interrupted by governments and banks. Imagine a planet in which all trade is monitored, all returns are monitored and transactions can be blocked if they are found to extend the mandates of the system. Yes, these things do happen today, but with physical cash they can be circumvented.

Imagine a planet where your ability to spend money can be limited to certain retailers, certificate services, certified products and choice regions based on your policies, your social credit score and your background. The control that comes with CBDCs is identity and allows for complete micromanagement of the population. The fact that 98% of central banks are already adopting this technology should be 1 of the biggest news stories of the decade, yet, it goes absolutely ignored.