Central bank views on absolute control

Written by MN Gordon via EconomicPrism.com,

There is not much you can do in the year 2021 that does not leave a digital trail. The collusion of big technology and big government has ensured it.

Still, there remains a simple way to avoid nosy people. In fact, one of the last ways to preserve a certain level of financial privacy is to pay cash.

Because when you pay in cash, the authorities cannot control or track what you buy. They don’t know if the cash he took from the ATM was stuffed into his mattress, or if he used it to buy food or ammunition or silver coins. Also, the authorities don’t like this.

Control freak central planners want to know what you are buying and where and when you are buying it. They also want to know how much you spend to the last penny. A digital dollar, coupled with the abolition of cash, would allow them to do this. Also, it would provide them the ability to have full control over every transaction you make.

For example, if a purchase falls outside the parameters set by the digital dollar tracking algorithm, it could be canceled on the spot. If a purchase attempt does not align with the buyers’ social credit score, it will not be approved. Have overweight? Then no glazed donuts for you.

To be clear, digital dollars would have nothing to do with cryptocurrencies or decentralized finance. Rather, the digital dollars would be issued by the Federal Reserve and allow you to monitor and control every transaction you make.

Absolute control

Certainly, with digital dollars, control over how you spend your money could be exercised in myriad ways. Monthly limits may be placed on the amount you are allowed to spend.

You may have significant savings in your account. But you can’t spend it, because you’ve already exceeded your monthly allowance. Too. You must wait until next month before you can make any more purchases.

Therefore, an expiration date could also be assigned to the digital dollars in your account. You must spend them by a certain date or they will expire worthless. You must use it or lose it.

The timing and allocations for spending digital dollars would depend on the economic models manufactured by central planners. What kind of spending is needed, according to planners, to better regulate the economy?

Is the economy slowing down? Then advance the expiration date. Is the economy heating up? Then lower people’s monthly spending limit.

How about spending your digital money across state lines … or even to the next city or county? Would the digital dollar police allow it? Would certain sanctions be imposed?

This all seems pretty fantastic, at first. But with a little abstract cognition, the proposition becomes very possible … especially when there are central planners and elites who openly defend it.

Without a doubt, the linchpin of totalitarian governments is the use of central bank digital currencies (CBDC). These CBDCs would replace cash. This would be for your own good, of course. To eliminate nefarious transactions and black markets … or to prevent the spread of a contagious plague.

Central bank views on absolute control

The prospect of a CBDC, like a digital dollar issued by the Federal Reserve, has been presumed for several years. However, John Titus of BestEvidence recently released a video presentation titled, Excellent Pandemic by Larry & Carstens. In less than an hour, and at no cost, Titus connects various dots in a way that better focuses what is being focused.

Have you ever heard of the CEO of the Bank for International Settlements, Agustín Carstens?

He is a man who seems to consume a lot of glazed donuts. Last year, Carstens confidently detailed how central banks will have full control over retail CBDC transactions, including the ability to block individual transactions. By Carstens:

“There is a big difference [between CBDC and cash]. For example, with cash we don’t know who uses a $ 100 bill today. We don’t know who is using a 1,000 peso bill today. A key difference from CBDC is that the central bank will have absolute control under the rules and regulations that will determine the use of that central bank liability expression, and we will have the technology to enforce that. “

Not make mistakes. Central planners want complete control over how you spend your money. They want to control what you do with your property.

Because money, remember, is property. Your money is your property. It represents the time, the sacrifices, the skills learned, and the risks taken to earn it and save it. Central planners want to impose their will on how you choose to use and enjoy your property.

However, it’s not just central planners who want to waste time in your private life. The wealthy elite want to do it too. BlackRock CEO and billionaire Larry Fink enjoys the great promise of absolute control. According to Fink:

“Markets don’t like uncertainty. Markets like totalitarian governments in which you have an understanding of what there is ”.

In fact, full control is good for Fink’s business. It’s also good for other corporate elites and crony capitalists. But it’s a disaster for the rest of us.

Unfortunately, we are nothing more than a crisis, real or fabricated, over the total execution of the CBDC … and the loss of all remnants of economic privacy.

Central bankers and elites will not stop until their visions of totalitarianism are realized.

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