I feel the scenario laid out here would not play out as governments expect. Rather it would usher lightning fast adoption of self custody and new markets that refuse to participate in the government con.
Will this lead to civil unrest, or more appropriately, government corporal response to the public?
Absolutely.
Which will feed the turning away from the old system.
CBDC's are simply an extra layer on top of the current system. A system already dying.
Great summary and analysis of the monetary game plan, Efrat. Kudos. It seems that the function of money is being expanded from 'means of exchange' to 'means of controlled exchange', with emphasis on the control aspect, of course. I've always had the feeling they will wait for the wiz kids to bring a stablecoin to a maturation point where it can be morphed (borrowed... thank you 'kids') into a fedcoin, and then voila! Question will be adoption rates. Pray for thinking brains prevailing. Happy Easter!
In Australia at least, it seems very much like the enemy has pretty much reached their endgame.
With a government-mandated digital ID, it's CHECKMATE.
The only option may be society splitting in two: those who go along with a digital ID and those who would rather die on their feet than live on their knees.... FOREVER!
The ID card has been a contentious issue in Australia since the 80s. A lot of opposition to it back in the 80s and 90s. But the government seems to have overridden it with the MyGov ID that is required to access some (most?) services these days.
Once it moves beyond that is when the real trouble will start (e.g. only way to sign up to a new bank account is through your digital ID, only way to go overseas is by using your digital ID as physical Passports are no longer issued).
I've yet to use my digital version. But if I go to Japan or China I guess I'll have to download it. Also I suspect that Australia & NZ are not honouring the APEC visa at their end so not sure how much longer they'll be a part of it. Canada & the US already seem to have bailed on it.
Substack is getting worse on log-in. I log out every time I use it and until now logging in by password has not been an issue (I just delete Google's captcha trackers after log-in). But in the last week they've been making me log in by confirming email they send to me.
Also Bitcoin is nowhere near as free as you've claimed. There's a committee that overseas its distribution and policies for example. I've never been asked to vote them on despite holding BTC.
Interesting, I don't think that's what LaRouche was referring to when he was speaking of an anti-entropic Bretton Woods System:
"A Four-Power Agreement
Therefore, the United States must act, together with other powers, to put the world into bankruptcy reorganization. Every financial system, every banking system in the world, is presently bankrupt! Particularly those that are involved in derivatives.
Therefore, the United States must take leadership, international leadership, in proposing a new Bretton Woods, which would be a good term for it, which is what I’ve proposed—that we’re going to go back to the principles of the Bretton Woods system in its best years, and the United States, as the principal prospective partner in such agreement, will try to get every nation that’s willing to go along with this idea, to assemble and do it….
That means that we have to create new banking systems, which is very simple to do, on the basis of the Hamilton model. We go to national banking. We use the relevant part of the Federal Constitution, Section 8 of Article I, to create a new issue of currency, not calling in the old one, the old Federal Reserve notes, but terminating further issuance of Federal Reserve notes, using that currency on deposit with the National Bank, as a means of credit to get the U.S. economy going, and get some other things going in international trade....
Our concern is not who’s got a favorable or unfavorable balance of trade; our concern is to make sure that all the members of a community of nation-states become prosperous. And, therefore, our concern is that they become prosperous and secure, just as their concern is that we should remain prosperous and secure. And, therefore, we can make trade agreements and tariff agreements on that basis."
Digital currency began with the addition of the magnetic stripe to credit cards in the early 60s, allowing transactions to be instantaneous instead of the processing of chits. It will take the monopoly of central banks to weaponize it.
I feel the scenario laid out here would not play out as governments expect. Rather it would usher lightning fast adoption of self custody and new markets that refuse to participate in the government con.
Will this lead to civil unrest, or more appropriately, government corporal response to the public?
Absolutely.
Which will feed the turning away from the old system.
CBDC's are simply an extra layer on top of the current system. A system already dying.
To little to late.
"and within a radius of 4 km from the residence of the registered citizens."
A digital prison.
Fascinating Efrat, thank you for this! I am hugely interested in Bitcoin.
That's awesome Paulina, thanks for sharing - I'm glad you got value and keep up the good work on the orange path.
Great summary and analysis of the monetary game plan, Efrat. Kudos. It seems that the function of money is being expanded from 'means of exchange' to 'means of controlled exchange', with emphasis on the control aspect, of course. I've always had the feeling they will wait for the wiz kids to bring a stablecoin to a maturation point where it can be morphed (borrowed... thank you 'kids') into a fedcoin, and then voila! Question will be adoption rates. Pray for thinking brains prevailing. Happy Easter!
Hey Dan, exactly - from medium of exchange to medium of controlled exchange, spot on.
I pray with you!!
Ultimately, EVERYTHING boils down to this:
No digital ID=NO CBDC
This is where our "do or die" effort must be.
In Australia at least, it seems very much like the enemy has pretty much reached their endgame.
With a government-mandated digital ID, it's CHECKMATE.
The only option may be society splitting in two: those who go along with a digital ID and those who would rather die on their feet than live on their knees.... FOREVER!
The ID card has been a contentious issue in Australia since the 80s. A lot of opposition to it back in the 80s and 90s. But the government seems to have overridden it with the MyGov ID that is required to access some (most?) services these days.
Most GOVERNMENT services. Yes.
Once it moves beyond that is when the real trouble will start (e.g. only way to sign up to a new bank account is through your digital ID, only way to go overseas is by using your digital ID as physical Passports are no longer issued).
The latest APEC cards are digital mostly. Except the Russians give you a physical version.
I've yet to use my digital version. But if I go to Japan or China I guess I'll have to download it. Also I suspect that Australia & NZ are not honouring the APEC visa at their end so not sure how much longer they'll be a part of it. Canada & the US already seem to have bailed on it.
The real 'fun part' will start when you need a digital ID to access the internet...
DePIN (Decentralised physical infrastructure) has not yet reached the level of maturity and adoption to address this.
https://youtu.be/goJE9FQzjn8
Substack is getting worse on log-in. I log out every time I use it and until now logging in by password has not been an issue (I just delete Google's captcha trackers after log-in). But in the last week they've been making me log in by confirming email they send to me.
Also Bitcoin is nowhere near as free as you've claimed. There's a committee that overseas its distribution and policies for example. I've never been asked to vote them on despite holding BTC.
Matt also speaks to the fraud behind the Carney Eco Warrior scenario with his "50 Shades of Green" propaganda is so much part of the Malthusian plans of culling the population! https://canadianpatriot.org/2021/08/25/mark-carney-and-the-strategic-reality-of-the-collapsing-trans-atlantic-system/#comment-8452
Interesting, I don't think that's what LaRouche was referring to when he was speaking of an anti-entropic Bretton Woods System:
"A Four-Power Agreement
Therefore, the United States must act, together with other powers, to put the world into bankruptcy reorganization. Every financial system, every banking system in the world, is presently bankrupt! Particularly those that are involved in derivatives.
Therefore, the United States must take leadership, international leadership, in proposing a new Bretton Woods, which would be a good term for it, which is what I’ve proposed—that we’re going to go back to the principles of the Bretton Woods system in its best years, and the United States, as the principal prospective partner in such agreement, will try to get every nation that’s willing to go along with this idea, to assemble and do it….
That means that we have to create new banking systems, which is very simple to do, on the basis of the Hamilton model. We go to national banking. We use the relevant part of the Federal Constitution, Section 8 of Article I, to create a new issue of currency, not calling in the old one, the old Federal Reserve notes, but terminating further issuance of Federal Reserve notes, using that currency on deposit with the National Bank, as a means of credit to get the U.S. economy going, and get some other things going in international trade....
Our concern is not who’s got a favorable or unfavorable balance of trade; our concern is to make sure that all the members of a community of nation-states become prosperous. And, therefore, our concern is that they become prosperous and secure, just as their concern is that we should remain prosperous and secure. And, therefore, we can make trade agreements and tariff agreements on that basis."
Read further on this here: https://larouchepub.com/lar/2021/4807-larouche_calls_for_a_new_brett.html
Love his description on "What is the Brutish Empire": https://larouchepub.com/lar/2022/4930-the_truth_of_bretton_woods_lie-lar.html
Digital currency began with the addition of the magnetic stripe to credit cards in the early 60s, allowing transactions to be instantaneous instead of the processing of chits. It will take the monopoly of central banks to weaponize it.