Central Bank Digital Currencies the WEF Plans
Central Bank Digital Currencies the WEF Plans
At Davos #WEF22 the Elites were back to planning our collective financial futures this time with an old idea re-marketed as something new - CBDCs.
Ever wondered what plans they are conjuring up next for Humanity at the World Economic Forum Meetings at Davos? One of the things they are planning on is CBDCs for our financial enslavement, but to be marketed as financial security and convenience. We are speaking of Central Bank Digital Currencies at Davos at WEF22. Would you like to hear the con job they are planning next?
The talk features some of leading members of the Financial Banksters Cabal such as Kristalina Georgieva Managing Director of the International Monetary Fund. The IMF if you are not familiar is the group that so much power they can set your budget as terms and condition for their usurious bail out (financial rape) packages.
One such nation is Pakistan, the only nuclear Islamic nation which is on the verge of financial collapse the likes of Sri Lanka, where petrol stations have to be guarded by the army to stop looting and riots at the stations if they even have any fuel left. Sri Lanka, has no foreign currency reserves left to pay buy fuel and supplies. The next nation to follow this path looks like is going to be Pakistan, where their funds are depleting fast and public is being financially crushed with 21% inflation rates.
Because of the subsequent fuel price hikes and the revival of the petroleum levy, “substantial progress” has been achieved with the IMF and it had agreed to increase the programme size to $7bn from $6bn, he said.
https://www.dawn.com/news/1697610/another-jump-sees-petrol-near-rs250
One reason why the prices are so high is the IMF has forced the new government to hike fuel prices massively as a condition of getting its usurious bail out (financial rape) packages which they call IMF Loans. Nations like Pakistan and Sri Lanka, have to sell their nation’s sovereignty for a few measly billions, which Uncle Sam can print on demand for any amount he wishes and not suffer any consequences. How convenient.
When the International Mafia Fund demands you raise fuel prices as a condition for a loan, which you are unlikely to ever pay back in full, then you know you have no national sovereignty left and you are an externally owned and controlled nation beholden to a group of criminal banksters hiding in Switzerland, that can shake down an entire nation for a lousy $7B. The Pentagon could blow that wad in one day with Ammo in an operation.
When you trade $7B for your national sovereignty you become an eternal debt slave to the banksters running this highly profitable con game known as Banking. Pakistan is on course to increase its petrol prices 45% in the coming weeks, on top of an already massive increase of 66% since May this year. So in 3 months petrol prices went up 111% because the IMF demanded their pound of flesh as in Pakistan pimped out its national sovereignty for a lousy $7B loan. Make the masses suffer or no Loan.
Pakistan, which needs at least $41 billion in the next 12 months to repay debt and fund imports, could see its $8.2 billion of foreign-exchange reserves rise by $2.3 billion after a loan from China. Bankrupt Sri Lanka has defaulted on repayments; it has $12.6 billion in outstanding foreign currency bonds and roughly the same amount in other non-rupee central government debt.
Pakistan would need to fulfill two more conditions before it receives the IMF cash. Firstly, at a scheduled review July 1, the two-month-old government would probably have to raise pump prices, according to local media, after already raising them by 60%. Then, to keep inflation in check, Bloomberg Economics predicts the State Bank of Pakistan will increase its policy rate by 50 basis points next quarter after 675 basis points of hikes since September, taking it to a terminal 14.25%.
https://www.bnnbloomberg.ca/imf-s-sri-lanka-pakistan-talks-in-focus-as-66-billion-at-risk-1.1785870
It is open War on Fuel prices everywhere and of course blame it on Russia. The Biden aka Obama Administration is pricing $200 per barrel of oil in the future, it is currently as of July 1st at $111 for Brent Crude. Can America function if gas prices double?
Which brings us to the punchline: as CNN's Phil Mattingly writes, "instead of managing an economy in the midst of a natural rotation away from recovery and into a stable period of growth, economic officials are analyzing and modeling worst-case scenarios like what the shock of gas prices hitting $200 per barrel may mean for the economy."
Well, in an article titled "Give us a plan or give us someone to blame", this seems like both a plan, and someone to blame.
https://www.zerohedge.com/commodities/white-house-quietly-modeling-shock-200-oil
So when the Managing Director of the IMF speaks we should definitely be listening. Because Pakistan is just one example of what the banksters will do to you if they target you for destruction.
Who is next on their target list for financial freedom and security? You are my friends, we all are on this list this time. More then 90% of the central banks are already on board with this plan for Central Bank Digital Currencies (CBDCs).
Why do we need CBDCs all of a sudden? When the US Dollar and the Yen and the Euro all collapse in value then you have recreate new value out of thin air, you have to conjure up an idea like CBDCs, get it? The CBDCs replace the Dollar. Welcome to the new World Reserve Currency idea. The conversion will be forced not optional, that is if you want your bank funds transferred or exchanged into the new system.
It is worth watching the full video to see the logic of banksters and the way they think as if they are all working for your own good. They are like our parents deciding our financial futures to give you the basic summary. They know what is best for us.
The most ironic part of this whole plan is that they begin by bad mouthing crypto currencies and then turn around, in an amazing in your face example of double speak, and tell you the solution is CBDCs which is essentially a crypto blockchain system by the Central Banks, get it?
They are releasing their own crypto currency calling it CBDCs and at the same time destroying their competition aka Bitcoin and the other coins on the market. Central Banksters hate competition and they also hate losing. So they took the underlying crypto blockchain architecture and rebranded it as CBDCs and added some draconian control features on top of the architecture and said it was now all safe and secure.
The CBDCs will be programmable as in every transaction will be tracked and money may have an expiry date to encourage spending and discourage saving to keep the economy humming along just like Brave New World where they “make not mend”.
And I want to go to the third universe, the the crypto that is really not pretending to be backed up by anything not designed to be backed, but backed up by anything, it is really the trust that is built in a way that brings value. It is an investment class, when we say I always get upset, and then I get occasional hate tweets, when I say that Bitcoin may be called coin, but it's not money. Why? Because a prerequisite for something to be money is to be a stable store of value.
- Kristalina Georgieva
The IMF Queen is telling you Bitcoin it not money because it not a stable store of value. By that standard is the US Dollar a stable store of value, or is any currency a stable store of value? Answer, No of course not and they know it. Has Bitcoin coin 95% of its value yet, no the Dollar sure has and which one was the fraud?
They are selling ice cream to Eskimos, that is the analogy at play. They just pulled a fast one on us all. The new CBDCs - follow the logic and game here, will also not be a stable store of value because like cryptos there is nothing backing them.
But we should not be mistaken to immediately classify everything in the digital money world in a negative way, because there are three categories. The first one is central bank, digital currencies, they are backed by the state and they offer finality when transactions are settled.
- Kristalina Georgieva
Another “prerequisite for something to be money is to be a stable store of value” was that it needed to have intrinsic value. Gold as money has intrinsic value because with an ounce of Gold in 2022 in terms of purchasing power is the same in 1922 in terms of what you could buy with an ounce in 1922 vs 2022. It has not changed, but compare that to the US Dollar from 1922 vs. 2022.
The definition of intrinsic value in financial terms refers to the underlying value of an asset such as a stock, product or currency. It is determined through fundamental analysis of that asset, and not with reference to its market value.
Just as the International Mafia Fund enslaves nations with loans, they will follow that same strategy to financially enslave us all with this new tool of slavery called CBDCs. Remember Bitcoin was not owned or controlled by any Central Bank and hence it had to go and to be replaced by essentially the same technology just called Banana instead of Apple as in CBDCs not Bitcoin. It was basically Bitcoin under the dress.
They will give us CBDCs backed by hot air and call it financial freedom and security. Only the Russians and the Chinese are the ones backing their version of a digital currency with Gold and Commodities and that will be covered in Part 2.
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