by Joe Martino, The Pulse:
During the Freedom Convoy, Justin Trudeau’s government decided they were going to freeze the bank accounts of peaceful protestors as a means to deter and stop protests that, quite frankly, were making the Canadian government look bad in the eyes of many.
As many as 280 bank accounts were frozen during that time. Those tax paying citizens who disapproved of government policies and wanted to peacefully say something about it lost access to their funds in a matter of hours.
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The truth is, this type of action by government could become much more common in the near future, and they could do it much more quickly.
In fact, with what’s coming, governments could have the power to stop you from buying anything without their permission. They could even monitor and track everything you buy, including who you buy it from. This would all be done through Central Bank Digital Currencies (CBDCs).
In this piece I’ll break down what CBDCs are, ways in which they can be used nefariously, and how we can stop them.
A Quick Overview of CBDCs
A Central Bank Digital Currency, also known as a CBDC, is a new form of digital money similar to a cryptocurrency. But unlike cryptocurrencies which are decentralized and private, CBDCs are not at all. They are instead the total opposite of cryptocurrency.
CBDCs are completely owned and controlled by governments. Meaning governments would hold your wallet, your money, and have access to all of your banking information. This would include information on every transaction in your daily life. It’s ultimate centralization.
With cryptocurrencies, governments can’t track how much you have, where you spend your money, or who you give it to. Plus they are decentralized, effectively pulling power away from central banks who have been using debt to control and enslave entire populations for decades.
With upcoming CBDCs, governments would enjoy more secrecy, and be able to control their population more than they currently do. CBDCs would also be easier to tax, since hiding any money from the government would be impossible.
Remember, central banks ARE the problem, and have been for decades. Crypto was created to stop this problem, yet they have gotten a bad rep because they don’t serve the interests of powerful people.
Here is what NSA surveillance whistleblower Edward Snowden had to say about CBDCs:
“A CBDC is something closer to being a perversion of cryptocurrency, or at least of the founding principles and protocols of cryptocurrency—a cryptofascist currency, an evil twin entered into the ledgers on Opposite Day, expressly designed to deny its users the basic ownership of their money and to install the State at the mediating center of every transaction.”
In short CBDCs could represent the largest shift in the way money operates in human history, and it won’t benefit the common person.
Already Being Deployed
CBDCs are already being deployed in several countries around the world. During November of 2022 in the US, the Federal Reserve held a 12-week trial of its own CBDC. It was supported by major financial institutions including MasterCard, Citibank, HSBC, and Wells Fargo.
According to the Atlantic Council tracker, CBDCs have been launched in 11 countries around the world already, and 114 countries are at some stage of deploying them.
Some of these countries include China, Australia, India, Canada, and Brazil. Nations that account for more than 95% of the world’s total GDP.
One could imagine that the messaging to ease people into accepting such levels of government oversight begin with the discussion of ‘safety,’ including stopping ‘money laundering.’ A classic form of rhetoric used to employ greater surveillance for decades.
On Oct 26th 2022, Netherlands Finance Minister Sigrid Kaag, who serves as the co-chair of the Global Action Group at the World Economic Forum (WEF), submitted a new set of laws to Dutch parliament that would force banks to monitor all transactions over €100. Currently, only transactions over €10,000 are flagged.
This new bill would give the Dutch government access to an incredible amount of personal data on citizens that it would be able access at anytime without any kind of warrant.
The claim is monitoring these transaction will help curb money laundering and terrorist financing. But at what cost to citizen privacy is this being done? Or is there another agenda all together?
Similar new laws are being debated in the US as well. The Biden administration proposed a bill that would monitor US citizens transactions over $600. This has since backed off.
But the administration is still pushing for third party payment providers, like Paypal, to report total transactions over $600 to the IRS. Effectively making these companies private investigators on behalf of the US government.
With these new laws being put in place to monitor the transactions of the average citizen, it could ease messaging into entire infrastructures that can monitor people’s every transaction, and control spending habits ‘for good reasons.’
