The global progression of CBDCs is in full swing, with preliminary digital currencies being introduced to aid some of the most vulnerable communities worldwide. Despite criticism from certain populist factions, the push for these digital currencies is unwavering.
Central Bank Digital Currencies, colloquially referred to as Central Bank Dystopian Control (with a conspicuous absence of the 's'), offer a novel mechanism for leveraging the concept of currency to exert influence over populations. This notion is particularly popular among the technocracy, suggesting a need for vigilance if such currencies are on the horizon.
Headlines have been dominated by the Q4 crypto surge and the emergence of a second McTrumper administration leading into the year's close. As we delve into 2025, it's crucial to revisit the agenda of the controlling faction and their pursuit of absolute economic supremacy via CBDCs.
We Have Your Best Interest In Mind
It's hardly shocking that key financial institutions are staunch advocates of CBDC. In their Q4 2024 update, the bank highlighted a report noting a slower-than-anticipated 6% adoption rate of the Nigerian eNaira. zombie banks like Deutsche Bank What stands out is the glaring lack of discourse surrounding the evident shortcomings of the eNaira. When Nigeria attempted to compel its citizens to transition to CBDC through currency demonetization in early 2023, only about 0.5% embraced the eNaira.
Well duh. No one wants this $#!t.
Despite the monetary restructuring, by March 2024, the eNaira represented just 0.36% of the circulating 'currency'.
It’s apparent the rollout of the eNaira has been a costly venture for taxpayers, but the populace remains uninterested in adopting it. Even as the eNaira captured a mere fraction of the currency in circulation, the powers that be persist with the initiative.
What an amazing failure!
It’s been years and no one wants CBDC junk in Nigeria!
The eNaira doesn't seem to create tangible value. Yet this is symptomatic of our broader centrally orchestrated global economy. The trajectory of CBDC signifies a shift much swifter than many anticipate.
Fortunately, you've sidestepped the opportunity...
The Thunder Down Under
Anyone want in on a CBDC pilot program?
Dubbed Project Acacia, the Reserve Bank of Australia's initiative is set to explore a wholesale CBDC and a tokenized deposit scheme, signaling what might be all-encompassing financial control. call closed on December 11.
Currently a pilot scheme, this effort could become a blueprint for future monetary systems, especially as Western societies lean towards enhanced social oversight.
According to RBA Assistant Governor Brad Jones, the project aims to ‘investigate how innovations within wholesale markets might be realized through new digital money frameworks and connected infrastructures. A focal point is the potential of tokenized asset markets to foster efficiency and resilience in wholesale transactions and settlements, and to enhance cross-border payment avenues.’
This scenario sketches out a revamped financial order that emboldens the technocratic authorities while diminishing the common individual's agency over privacy and asset control.
The development and integration of such a system may extend over time—cross-border functionality demands complexity. Project Acacia's design maintains the importance of retail banks, though their roles might evolve as the global financial landscape sinks deeper.
We’re witnessing a shift in how money operates. The current Western financial system is heavily influenced by central banks and government agendas. In the world of CBDCs, money morphs purely into a mechanism of control.
A Means of Control!
Technically speaking, the divide between CBDCs and contemporary fiat currencies isn't drastic—all currency is ultimately digital. However, physical money still exists; cash remains tangible.
In a CBDC future, cash may seem like a reminder of an era favoring freedom.
Our stint in Argentina has shown us the rapid spread of digital payments. Here’s an intriguing tidbit—rampant inflation has left the largest denomination at about $9 USD, with talks of an $18 USD note in the future, though it's yet to materialize.
On the Argentinean streets, notes worth around $0.90 USD are commonplace, making everyday transactions somewhat farcical—a scene straight out of a mobster movie.
Given the pervasive inflationary pressure, Argentina’s current reality could very well manifest globally in due course. Under such conditions, transitioning to CBDC appears inevitable since traditional cash won’t suffice for even the most basic purchases.
Would you like fries with that?
Moreover, your newfound digital currency holdings in a CBDC arrangement could fall under governmental and banking oversight, meaning your autonomy over purchases like empanadas may hinge on their permission!
The persistent conflicts and instability globally are evident. Ukraine remains embroiled, with little improvement in sight. It's now a site where the UN is experimenting with the Stellar blockchain to distribute blockchain-based ‘cash’ to those affected by conflict.
Exploit The Weak
The initiative leverages Stellar to deliver USDC to displaced Ukrainians. Although assisting war-affected individuals is commendable, the macro risks concerning privacy and free use of USDC are substantial.
The UNHCR For now, this trial permits beneficiaries to exchange USDC for cash through MoneyGram, a welcome feature despite the patchy digital infrastructure in Ukraine.
With evolving payment infrastructure, the dynamics could shift. As demonstrated in China, where traditional cash usage is waning.
The onset of digital systems in China's post-COVID economy marked a turning point. Physical cash is broadly unwelcome, excluding those without access to local digital platforms.
Tourists are learning how fast digital payment While these platforms cater to Chinese nationals, tourists face barriers in accessing apps like WeChat Pay. The trade-off? Granting the CCP insight into one’s digital existence. So no cheap street eats for the uninitiated!
Though China's cashless transition appears voluntary, the legal obligation to accept physical money subsists. It underscores the ease with which cash can be marginalized once digital means are fully operational.
Once the global CBDC network is in place, regaining monetary freedom might prove exceedingly challenging!
No demonetization needed!
The Global CBDC Prison
It’s paramount to recognize how CBDCs could curtail freedoms, making immediate proactive measures essential to avoid entrenchment in a system that strips ownership over wealth. Just as solitary confinement is consistent, CBDC accounts offer perceived convenience.
Cryptocurrencies like Bitcoin offer an escape route, yet diversifying with alternatives, such as precious metals, seems prudent. Such assets could provide stability during prolonged systemic outages enforced to coax populations into a revamped monetary framework.
While lacking ETFs for these assets, remember that tangible commodities like eggs and apples can fill this gap.
Nicholas Say, originating from Ann Arbor, Michigan, has traversed the globe, residing in Uruguay for years before settling in the Far East. His works pervade the digital space, spotlighting practical growth and future-oriented technology.
