The countries where the idea progressed the furthest are China and the UK. It’s a long, slow con, but a con nonetheless. There are stories about it from both Reuters and the Financial Times just today. Now, you may not have heard much about the CBDC plans, lost as they are in the tangle of the ongoing “pandemic”, but the campaign is there, chugging along on the back pages for months now. In fact, it would be totally the reverse, potentially ending the very idea of financial privacy. However, unlike crypto, it would not have any encryption preserving anonymity. Like bitcoin (and other crypto), the CBDC would be entirely digital, thus furthering the ongoing war on cash. Removing any and all remaining privacy, granting total control over every transaction, even limiting what ordinary people are allowed to spend their money on.įrom the moment bitcoin and other cryptocurrencies first emerged, sold as an independent and alternative medium of exchange outside the financial status quo, it was only a matter of time before the new alternative would be absorbed, modified and redeployed in service of the state.Įnter “Central Bank Digital Currencies”: the mainstream answer to bitcoin.įor those who have never heard of them, “Central Bank Digital Currencies” (CBDCs) are exactly what they sound like, digitized versions of the pound/dollar/euro etc.

The war on cash’s endgame is here: money replaced by vouchers subject to complete state control.īuilding on the bitcoin model, central banks are planning to produce their own “digital currencies”.

“Programmable Digital Currency”: The next stage of the new normal?

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