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War, The Great Reset, WEF, Cashless Societies, CBDCs, etc section B China
War, The Great Reset, WEF, Cashless Societies, CBDCs, Social Credit Systems - Complete Control & Totalitarian Tyranny – section (b) China
This video is a follow on from the previous video dealing with the topic of Cashless Societies and Central Bank Digital Currencies (CBDCs). If you haven’t seen that video, I would recommend you doing so before watching this one.
Let’s pick up where we left off and talk about CBDCs some more.
CONTROL !!!
So, why then do Governments and Central Banks want to introduce CBDCs? Well, as I mentioned before, the reason is CONTROL. Our Overlords are control freaks of the highest order. They’re crazy for control. And they mean to have complete control.
They don’t as yet have complete control, but make no mistake, this is their ultimate intention. By eliminating cash altogether, introducing CBDCs and outlawing Cryptocurrencies, they will gain complete control.
So, these measures will give them the control that they so crave.
Basically, CBDCs represent the completion of their cherished control grid system. It’s their Holy Grail.
Moving on …
Fiat currencies
I should say that I’m not an expert on Cryptos and also that there are an awful lot of them nowadays – too many to keep track of.
But anyway …
I believe that there are some Cryptos which are linked in some way to a commodity. However, I think that I’m right in saying that, for the mostpart, Cryptos, especially Centralised Cryptos, are little better than Fiat Currencies. A Fiat Currency is an unbacked currency.
The Dollar, by the way, is a Fiat Currency - as are all the other major currencies of the world. They are backed by nothing except the good standing of the Government. Need I say more …
The proposed CBDCs would also be Fiat Currencies.
I refer you to videos I’ve done on Fiat Currencies to get a better understanding of this matter.
One of the big problems with the Fiat Currencies / CBDCs and is that Governments and Central Banks could create as much currency as they desired. They would be in control of the Money Supply and judging by history, this would not be a good thing.
Russia has recently announced that it will be fast tracking it’s introduction of its CBDC, so it should be operational in 2023. I assume that they will link it to Gold in some way so that every RubleCoin will be redeemable. But this is speculation on my part. If they do do this, then the RubleCoin would not be a fiat currency and that is very important.
Anyway …
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