cbdc stands for Central Bank digital currency it is a currency issued directly by the central banks it can be done on a wholesale basis which is to essentially allow the the the commercial Banks to issue it on a retail basis and do the management of it on retail and then relate back to the central bank which will be a wholesaler or it can be done directly by the central bank doing directly a retail cbdc the challenge with cbdc is it gives the central Bankers complete control and the ability to program your money what it does
is it gives them the ability to say what you can use your money for where you can use your money it's called programmable money some people call it smart contracts I call it very stupid contracts and but it gives you the ability to issue program money and do complete surveillance and control of where and how people use their money now I say that cbdcs are quite dangerous and they are however it's very important to understand that this kind of complete control comes about not through cbdcs but having an all digital monetary system so what we
want to stop is an all digital monetary system because it is possible do the equivalent of cbdcs on a private basis so I can use Merchant codes with your bank account and your credit card I can kick you off your online payment system if I don't like what you're saying on social media there are many different ways if we go to an all digital Financial system we have digitized throughout our economy so our homes are full of digitized equipment that can be identified and surveilled our cars are more and more electric they can be stopped
remotely the thing to understand is if we go to an all digital transaction system financial transaction system with a digital ID so I can tell you're you and I'm me with great Precision then suddenly all those different digitized uh items and equipments and systems snap into one complete control grid and the key to that snapping into the control grid is the digital ID and the All Digital monetary system now let me tell you what that looks like because we don't have a financial problem we have a governance problem if you do it in a system
where a secret governance system that is non-transparent and outside of your control if that gives them the power to basically turn on and shut off your transactions you know we're in a coupet world by creating an all digital transaction system with a digitized economy and a digital ID suddenly the central Bankers now control fiscal policy they can determine where you go when you go so let's go back to the pandemic um during the pandemic if if the lockdown said you can't go more than a mile from your home and you can only go that on
Tuesday and Thursday in an all digitized economy with satellite flying overhead they can literally track you and if you don't do what they say they can turn off your money now what this means is you not only have uh usurping of the people's Representatives but you have a usurping of the state Powers so under the Constitution the power is not delegated to the federal government government are the reserve to the to the States but now the central Banker asserting line of fiscal policy making the rules and enforcing them essentially can literally control health care or
other powers reserved to the states and and by the ability to literally control your financial transactions the way to make that transition is just say total control you know if you don't eat cricket flour and synthetic meat made in lab you know will turn off your money use cash encourage the local businesses to use cash encourage your local banks to support cash you can always use cash and you can use checks keep the cash and check systems going
