IMF Managing Director: “We Are Working Hard On A Global CBDC”

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It is currently illegal for the Federal Reserve t0 accept private accounts so U.S. law will have to change to accommodate the IMF’s goal. Every piece of legislation from here on should be examined for sneak amendments. In the meantime, the IMF, BIS and UN are all working toward the same goal: global currency and digitization of humanity. It is not for the “good of humanity” but rather for its enslavement.  ⁃ TN Editor

“If we are to be successful, CBDCs could not be fragmented national propositions.”

During a presentation at a conference in Morocco, Kristalina Georgievahe the managing director of the International Monetary Fund (IMF) announced that the global body is “working hard on the concept of a global CBDC platform.”

Georgieva declared that Central Bank Digital Currencies need to be interoperable between countries, noting “If we are to be successful, CBDCs could not be fragmented national propositions.”

“To have transactions more efficient and fairer, we need systems that connect countries,” Georgieva continued, adding “In other words, we need interoperability.”

The IMF MD argued that global digital currencies would “give more people access to financial services and bring the cost down,” adding that “CBDCs can provide for more resilient and efficient payment systems,” and “can be a cheaper way, and a quicker way, to do cross-border payments, to pass remittances… and also simplify other transfers.”

Some have warned that a digital global currency in the hands of globalist entities could usher in a hyper-centralized techno-Communist dystopia, allowing all purchases to be tracked and even linked to a social credit score system.

Rich Dad Poor Dad author Robert Kiyosaki recently cautioned that CBDCs would open the door for an unprecedented level of surveillance of Americans.

“By tracking every financial transaction, they will have access to every detail of our spending, the recipient of our money, and how we allocate our resources,” said Kiyosaki.

“In essence, it replicates George Orwell’s dystopian society depicted in 1984. Big Brother will be constantly monitoring our financial activity, and this is precisely the problem with central bank digital currency,” he added.

“As an individual, I become nervous at the thought of this. I do not want them to monitor my every transaction or be privy to my spending habits. It is a violation of my privacy, and they have no business knowing how I choose to allocate my resources,” the author warned.

Reflecting such concerns, Rep. Tom Emmer (R-MN) recently introduced a bill that would ban the Federal Reserve from introducing CBDCs, as well as forcing the Fed to remain transparent with Congress on its research into the issue.

CBDCs are being promoted on the basis that they will increase financial freedom, yet critics have asserted that the system would empower the state to place limits on spending and decide what people were allowed to buy.

The amount an individual could save could also be controlled via negative saving rates programmed into savings accounts.

Read full story here…

About the Editor

Patrick Wood
Patrick Wood is a leading and critical expert on Sustainable Development, Green Economy, Agenda 21, 2030 Agenda and historic Technocracy. He is the author of Technocracy Rising: The Trojan Horse of Global Transformation (2015) and co-author of Trilaterals Over Washington, Volumes I and II (1978-1980) with the late Antony C. Sutton.
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oracle

If you cannot control the money you earn through work then why work? You are nothing but a slave to people who hate you.

[…] IMF Managing Director: “We Are Working Hard On A Global CBDC” […]

Elle

“IMF Managing Director: “We Are Working Hard On A Global CBDC””
I bet you are! While the majority of humanity will tell you where to put it.

Last edited 3 months ago by Elle

[…] Furthermore, the International Monetary Fund (IMF) is beavering away on a plan to establish a global Central Bank Digital Currency (CBDC) which when combined with a Global Digital ID will transform the way the international, […]

[…] Furthermore, the International Monetary Fund (IMF) is beavering away on a plan to establish a global Central Bank Digital Currency (CBDC) which when combined with a Global Digital ID will transform the way the international, national, […]