by Frank Bergman, Slay News:
Unelected bureaucrats in the European Union are advancing plans to replace physical money with a “digital Euro” to usher in “cashless societies.”
As Slay News has reported, globalists have been pushing for the introduction of central bank digital currencies (CBDCs) for some time.
The push is being championed by the World Economic Forum (WEF) with backing from the United Nations (UN), the World Bank, the International Monetary Fund (IMF), and globalist world leaders, including Democrat President Joe Biden.
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However, as members of the WEF celebrate the push toward “cashless societies,” major concerns are being raised for the privacy and civil liberties of the general public.
The WEF, often described as an exclusive club of the world’s economic elites, has been heavily promoting CBDCs.
Klaus Schwab’s organization has been portraying digital cash as the next financial evolution.
As Slay News has reported, WEF members have been openly gloating that eliminating cash will give power elites “absolute control” over the global population through the use of digital money.
Under such plans, privacy, security, and freedoms are all at risk.
CBDCs are essentially digital versions of national currencies, touted to bring about an efficient, secure, and accessible monetary system.
Yet, the alarming aspect is the almost Orwellian control it could potentially hand over to central banks and governments.
With digital currencies in place, the authorities can peer into your financial transactions with microscopic precision.
By using CBDCs, governments and financial institutions will be able to track purchases globally and see exactly who’s buying what.
Government agents will theoretically have knowledge of every item purchased by people around the world.
