Digitize Everything: Technocrats Figure Out How To Steal The Whole World

In just a few short years...

We need to unpack the relationship between Central Bank Digital Currencies (CBDCs) and the digitalization of everything on planet Earth. I have been writing about Fintech (Financial Technology) for several years and it’s time to rethink some things. Admittedly, it’s a moving target, and really hard to get a good understanding of what the elitists have in mind.

When you have money in your bank account, it provides a medium of exchange for other things of value: a car, a toaster, a house, or a business. You track your “net worth” according to things you own plus the remaining cash in your bank account. If you sell some things, the money you receive goes back into your bank account.

If you were to “cash out” and sell everything you own and pay off all your debts, the amount of cash in your hand would represent total liquidity. You could move to another town and start over, buying new things, making investments, etc.

Money plays different roles in the financial system. As a medium of exchange, it facilitates transactions, while as a reserve asset, it becomes a valuable holding.

The Federal Reserve has baked in inflation since its founding in 1913. Holding cash under your mattress for a long time is a losing proposition, forcing you to put it in a bank to at least draw interest.

Change in thinking

The UN wants to finance its Sustainable Goals to shove the world into a full-blown Technocracy. It suggests that this will cost around a pie-in-the-sky $30 trillion. The problem: the United Nations does not have $30 trillion nor can it borrow $30 trillion. The World Economic Forum is in the same boat. Both are non-profit NGOs.