Global central banks racing to implement digital currencies as cities convert to ‘smart’ infrastructure: Track and control grid being erected right under our noses

Leo Hohmann ^ | 12/13/22 | Leo Hohmann

[Roman_War_Criminal]

The Central Bank of Nigeria announced it will begin, effective in January, restricting cash withdrawals from banks and ATMs to just $45 per day as part of a push to move the country toward a cashless economy.

If this were a one-off, I wouldn’t bother writing about it. But it comes on the heels of mega-banks announcing similarly creepy new policies in recent months in China, India, Russia, Brazil, Sweden, the U.S. and many other nations, all pointing to an imminent switch over to a global digital money system.

In the U.S., the Federal Reserve put out an announcement in November that it is launching a 12-week “pilot program” to test out a new central bank digital currency, or CBDC, with six major banks.

Thursday’s announcement in Nigeria is also a big deal because Nigeria is one of only nine countries that have already launched an official CBDC. That happened earlier this year, and now they are already moving to restrict the use of cash. This proves that digital currencies were never designed to function alongside paper currencies but rather to replace them

[Roman_War_Criminal]

[unixfox]

16. It also forced all people, great and small, rich and poor, free and slave, to receive a mark on their right hands or on their foreheads,

17. so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name.

18. This calls for wisdom. Let the person who has insight calculate the number of the beast, for it is the number of a man. That number is 666.

[EEGator]

Zugzwang.

[butlerweave]

These people will rob us blind

[butlerweave]

The Great Reset ? First they take all your money ?

[Vermont Lt]

As the Central Banks “race” towards digital currency, I think they may run into issues they haven’t contemplated.

Banks and other institutions will love the speed and transparency of transactions using blockchain. But, as soon as the Central Banks start “messing around with them” there will be a push for an alternative.

In the end, there is a possibility that people will look at the tech that is independent of a central bank—but accomplishes the same thing at lower costs—and they could start using traditional crypto that cannot be manipulated by a central bank.

The shenanigans possible through a Central Bank Digital Coin are mind boggling. They make the CCP social credit scheme look tame.

“People” in general are not aware of what is about to happen.