TN has documented the headlong rush of Central Banks toward digital/blockchain currency in order to replace physical currencies. This will be the new financial system for Sustainable Development, aka Technocracy.
Fintech & Blockchain
If data is the new oil of the 21st century, then banks have more than anyone… on your purchases, travels, habits, etc. Now they are figuring out ways to sell your data to the highest bidder, paying you nothing in return.
In Technocracy: The Hard Road to World Order, I wrote, “Cryptocurrency is the futuristic tool of Sustainable Development.” Seoul is proving that crypto is “an essential part of the Smart City toolbox.”
Facebook is making a massive power grab to dominate the global payments system and expects to have over 100 founding members in the consortium before Libra is launched in 2020.
Reality meets globalization in San Francisco, one of the most liberal cities on earth. Retail trade is being hurt by cashless stores, so a new city ordinance will mandate that cash return or stores will lose their business license.
The SDR has been around for 50 years and is structurally incapable of becoming the world’s ‘true global currency’. Thus, this story by a globalist academic and high-ranking UN official is a red herring meant to deflect attention away from Fintech that is expected to finance the Green Economy, aka Sustainable Development and Technocracy.
The BIS is a policy-making central bank to all the central banks of the world, and there is no doubt that it is planning to restructure the entire global financial system (Fintech) to enable the Sustainable Development economic system, aka Technocracy.
Technocrats pushing for a cashless society are seriously conflicted as its flagship experiment in Sweden is coming unravelled. The people in Sweden have spoken, and cash stays.
Finally, the battle line is being drawn against cashless society Technocrats. Cities are enforcing cash as legal tender and banning stores from operating if they refuse to accept cash as payment.
Seoul has morphed into a first-tier Technocracy and intends to become a coveted ‘global city.’ Mayor Park says blockchain will “bring a fundamental change to society” and indeed it will, but citizens will have other thoughts about it.