Posted on 04/06/2021 5:09:21 AM PDT by EBH
A cyber yuan stands to give Beijing power to track spending in real time, plus money that isn’t linked to the dollar-dominated global financial system
A thousand years ago, when money meant coins, China invented paper currency. Now the Chinese government is minting cash digitally, in a re-imagination of money that could shake a pillar of American power.
It might seem money is already virtual, as credit cards and payment apps such as Apple Pay in the U.S. and WeChat in China eliminate the need for bills or coins. But those are just ways to move money electronically. China is turning legal tender itself into computer code.
Cryptocurrencies such as bitcoin have foreshadowed a potential digital future for money, though they exist outside the traditional global financial system and aren’t legal tender like cash issued by governments.
China’s version of a digital currency is controlled by its central bank, which will issue the new electronic money. It is expected to give China’s government vast new tools to monitor both its economy and its people. By design, the digital yuan will negate one of bitcoin’s major draws: anonymity for the user.
Beijing is also positioning the digital yuan for international use and designing it to be untethered to the global financial system, where the U.S. dollar has been king since World War II. China is embracing digitization in many forms, including money, in a bid to gain more centralized control while getting a head start on technologies of the future that it regards as up for grabs.
(Excerpt) Read more at wsj.com ...
[Black Swan]
And then, a Black Mirror event. /cough
[You carry a tracking device, camera, and microphone in your pocket every day.]
Correct.
That is just it, how will it be controlled up until that point?
Well, they will need chaos, enough chaos that people will happily convert to the beast system.
Will it be digital currency? Vaccine passports? Social credit scores with totalitarian control?
No matter what it is ...today is a day the Lord has made and we have been created for a time such as this.
The Lord said we’d see the signs...He never said how many we’d see, nor if we are here the first 3 years...?
What could possibly go wrong ?
>>ALPR is old tech. They know where you are before you get on the highway.<<
You’re correct, the technology was developed in the late 70’s but refined and deployed in it’s current form over the last decade along with advanced image capture software, special reflectivity and water marked license plates.
Not your father’s ALPRs. As far as smart phones...correct again, but even flip phones gave the government the ability to triangulate your position and feed back tower ping data from carriers.
Biometric ID’s under the Real ID act has placed millions of digital images of your mug in facial recognition databases nationwide. How do you think they tracked down over 300 people at the capitol protest on Jan. 6th?
When these thing begin to happen look up!
[and we have been created for a time such as this.]
Yep. He we are. We must work while it is yet daytime.
my thumbs-up links ain’t working lol
‘Woke utopia’, the end of the West & a new cult - James Lindsay interview
> [Truly brilliant, {genius really}, analysis of “critical race theory.”
Why watch it? If you don’t want your guilty white family to be herded into a gas chamber by the rampant Woketarians, you seriously need to watch and understand this.]
James Lindsay is a US academic with a background in math and physics. He co-authored the book Cynical Theories which takes a deep dive into the woke movement and its academic roots. Lindsay was also involved in the Grievance studies affair where a group of academics submitted fake papers for peer review to shine a light on poor standards and postmodernist ideas.
https://www.youtube.com/watch?v=dE8p-mcFdNg&t=1637s&ab_channel=TheSun
Please see above.
Thanks
This comes at the same time as a major push for paperless billing by financial providers in the United States.
Granted it just may be apples and oranges, yet there is a disturbing similarity:
This is why, in his seminal book “Stealth War: How China Took Over While America’s Elites Slept” Brig. General Robert Spalding talks about why, as the most senior military cyber intelligence expert, was fired from his job for insisting the West should not allow China to build its 5G networks.
China is a hyper-surveillance state, by next year they will have one camera for every two citizens. They are melding this all (with the help of Google) into a system where you won’t have to carry cash.
When you walk into a store, the facial recognition software is going to recognize you and audibly greet you, you will order by saying “Large coffee and a raisin bagel with cream cheese” and when you get to the counter you will just pick it up and walk away.
That is what 5G is going to bring, with a cashless society.
If that crap doesn’t make your hair stand on end, there isn’t a brain under the scalp running your body.
“Diem (formerly known as Libra) is a permissioned blockchain-based payment system proposed by the American social media company Facebook, Inc. The plan also includes a private currency implemented as a cryptocurrency.
The currency and network do not yet exist. The launch was originally planned to be in 2020,[3][4] but only rudimentary experimental code has been released.[5]
The project, currency and transactions are to be managed and cryptographically entrusted to the Diem Association, a membership organization of companies from payment, technology, telecommunication, online marketplace and venture capital, and nonprofits.
Before December 2020, the project was called “Libra”.[6][4] “
Greenspan: US “Can Pay Any Debt It Has Because We Can Always Print Money” (video)
http://www.freerepublic.com/focus/f-news/2760087/posts
My phone knows where I am going in the morning before I leave the driveway!
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