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AP FACT CHECK: Video doesn’t show World Economic Forum speaker calling for a cashless society
The Associated Press ^ | July 12, 2023 | BY KARENA PHAN

Posted on 07/12/2023 2:31:31 PM PDT by Oldeconomybuyer

CLAIM: A video shows a “World Economic Forum agent” calling for a cashless society and saying those determined “less desirable” will be locked out.

AP’S ASSESSMENT: False. The video shows Eswar Prasad, an economics professor from Cornell University, speaking at a June WEF event, but Prasad does not work for or represent the organization. The video misrepresents remarks Prasad made at the event about the benefits and the dangers of central bank digital currencies.

During the WEF session, Prasad was asked about the risks that come with a CBDC, and the pros and cons for governments thinking about a CBDC.

“If you think about the benefits of digital money, there are huge potential gains. It’s not just about digital forms of physical currency, you can have programmability units of central bank currency with expiry dates,” he says in the longer clip.

“You could have, as I argue in my book, potentially better and some people might see a darker world, where the government decides that unit, so central bank money can be used to purchase some things but not other things that are deemed less desirable, like, say, a munition or drugs or pornography or something of the sort. And that is very powerful in terms of the use of a CBDC and I think also extremely dangerous for central banks,” he continues.

(Excerpt) Read more at apnews.com ...


TOPICS: Business/Economy; Government; News/Current Events; Politics/Elections
KEYWORDS: cbdc; journalism; propaganda; wef
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To: blackdog

Yep

I noticed that


21 posted on 07/12/2023 3:31:04 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: Lazamataz

(Never believe anything until the ‘Fact Checkers’ deny it.)

Exactly.

A cashless society will absolutely come.

You can take that .... sorta ..... to the bank 🏧🏧🏧🏦🏦🏦.


22 posted on 07/12/2023 3:33:24 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: DoodleBob

Tell us what you really think.


23 posted on 07/12/2023 3:34:03 PM PDT by calljack (Sometimes your worst nightmare is just a start.)
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To: Oldeconomybuyer
Why did Ron DeSantis appoint a WEF person to his administration to counter climate change?
24 posted on 07/12/2023 3:40:26 PM PDT by lewislynn ( Trump accomplished more for America in one 4yr term than any President in your lifetime)
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To: calljack
Thanks for the request.

Andrew Tate is hardly a virtuous Christian. To wit, per his Twitter feed…

I believe in God.

If I am the man he himself (sic) would be proud to be.

I am gods (sic) favourite because I push myself to absolute limits of capability.

The epitome of Pride. This rube is in need of repentance.

He treats women the same way Hollywood leftists treat young actresses. The chief difference is Tate wears his sin proudly on his shoulder.

The man needs some serious reflection, confession, and conversion.

The curious thing about Tate, is that if he was gay he'd be Milo. There is very little between the two of them. However, Tate's immorality is OK with some folks because he's straight.

There are zillions of better men to be held up and celebrated.

25 posted on 07/12/2023 4:01:52 PM PDT by DoodleBob (Gravity’s waiting period is about 9.8 m/s².)
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To: Oldeconomybuyer

Nazis used similar word speak for their Final Solution.


26 posted on 07/12/2023 4:08:26 PM PDT by ealgeone
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To: Boogieman
can’t buy cocaine with this digital currency? Okay, but I can buy laundry detergent? Fine, then I will trade my drug dealer X number of bottles of laundry detergent for 1 gram of cocaine. The scheme has now been foiled.

That scheme is terrible, drug dealers want money, not mountains of Tide bottles. The problem for the WEF is that the internet already invented a money for buying things like that, and no government controls it. If you wonder what good a cryptocurrency like bitcoin is, it thwarts schemes like CBDC with limits on what you can buy and ‘expiration’ of your money.

27 posted on 07/12/2023 4:32:34 PM PDT by Gunslingr3
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To: blackdog

Start using cash again, folks. You have been warned.


28 posted on 07/12/2023 4:38:12 PM PDT by joma89 (Buy weapons and ammo, folks, and have the will to use them.)
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To: Lazamataz
[Never believe anything until the ‘Fact Checkers’ deny it.]

Hey, there were plenty of fact checkers for COVID-19(84)....oh.....

Let's see your tattoo so that you may BUY and SELL in the Global Economy - Isn't the "new messiah" wonderful with his 7 years of 'Peace and Security'?


29 posted on 07/12/2023 4:45:38 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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[“If you think about the benefits of digital money"]

Bugs - it's what the WEF sez every one else can eat for dinner - while THEY, the Globalist Elites, dine on lobster, steak, etc.


30 posted on 07/12/2023 4:47:43 PM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: Responsibility2nd

Get a second source on the baseball scores if they are from the Asspress.


31 posted on 07/12/2023 8:08:02 PM PDT by Luke21
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To: Dr. Sivana

“It won’t be fun.”

Well, speak for yourself, I get a kick out of ruining the schemes of totalitarians.


32 posted on 07/13/2023 7:23:27 AM PDT by Boogieman
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To: Gunslingr3

“That scheme is terrible, drug dealers want money, not mountains of Tide bottles.”

Umm, you’re talking about drug dealers today, who actually can accept money, not drug dealers in the future who, under this fool’s scheme, would not be able to accept money. If they can’t accept money, then it really wouldn’t matter if they wanted money; it wouldn’t be an option they could demand.

And yes, it is already a reality that some drug dealers accept “mountains of tide bottles” for drugs. Laundry detergent has already become a desired barter item in certain parts of the country, hence why shoplifters were cleaning out whole racks of it and why many stores now keep it under lock and key.

“the internet already invented a money for buying things like that, and no government controls it”

Well, no, because crypto is not actually a currency, so to call it “money” is inaccurate. It’s technically just a collectible. So you’d still be bartering. And yes, no government controls it right at this moment, but the governments could easily shut whenever they want.


33 posted on 07/13/2023 7:29:43 AM PDT by Boogieman
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To: Oldeconomybuyer

Many have been talking about this. I am sure what is said in private is not the version said behind closed doors.


34 posted on 07/13/2023 7:30:11 AM PDT by dforest
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To: Boogieman
Well, speak for yourself, I get a kick out of ruining the schemes of totalitarians.

It won't ruin their schemes. If 95% comply 99% of the time, the "Eye of Sauron" can focus on the remainder. Twenty years ago, BlackElk (RIP) was being investigated by the IRS, and the first question they asked was if he was a member of a barter club (he wasn't).

Barter is intrinsically less efficient than monetary trade. Besides the bulk of carrying around physical items, it is hard to make change for a spool of copper cable and a three-speed bicycle. It can be done, but it is a drain of our time and energy, especially those of us with families.

However, if you are in a position to make it your hobby, we are all thankful, as the more who drop out of the digital cashless economy, the better the effect.
35 posted on 07/13/2023 7:37:34 AM PDT by Dr. Sivana ("If you can’t say something nice . . . say the Rosary." [Red Badger])
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To: Dr. Sivana

“It won’t ruin their schemes. If 95% comply 99% of the time, the “Eye of Sauron” can focus on the remainder.”

Yeah, but their goal is total control. If even 1% keep resisting, then they fail.

And they’re still human. They can’t ferret out all the resisters because humans can’t do anything perfectly. They’ll always make a mistake, miss something, get lazy, or even intentionally sabotage their own endeavors.

Only when they get their supernatural leadership in place will they ever be able to get to 100% control, and even then, there will be a supernatural force resisting them to thwart that.


36 posted on 07/13/2023 7:42:29 AM PDT by Boogieman
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To: Boogieman
They’ll always make a mistake, miss something, get lazy, or even intentionally sabotage their own endeavors.

You left out good ol' bribery of the people doing the enforcing.
37 posted on 07/13/2023 7:55:12 AM PDT by Dr. Sivana ("If you can’t say something nice . . . say the Rosary." [Red Badger])
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To: Gunslingr3
drug dealers want money, not mountains of Tide bottles

Suds for Drugs: How Tide Detergent Became a Drug Currency

38 posted on 07/13/2023 7:56:56 AM PDT by M. Thatcher
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To: Boogieman
Umm, you’re talking about drug dealers today, who actually can accept money, not drug dealers in the future who, under this fool’s scheme, would not be able to accept money.

Read about the Silk Road and why bitcoin became recognized as money. What you think is in the future is already in the past.

Well, no, because crypto is not actually a currency, so to call it “money” is inaccurate. It’s technically just a collectible.

Sounds like you're confusing bitcoin with NFTs. Bitcoin has the properties of money. It is readily transferrable, divisible, recombinable, and eternal. It's fixed pool allows for economic calculation of value. It will not rot, and you can make change with it unlike grandma's Hummel figurines. To consdier it merely a 'collectible' is to evidence a lack of understanding. The most important aspect of bitcoin is that it is hard money. Uncle Sam can't print more and use it to buy votes, unlike with USD.

"Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services. We conclude that, under a paper-money system, a determined government can always generate higher spending and hence positive inflation.

Of course, the U.S. government is not going to print money and distribute it willy-nilly..."

Remarks by Governor Ben S. Bernanke

Before the National Economists Club, Washington, D.C.

November 21, 2002

39 posted on 07/13/2023 10:30:38 AM PDT by Gunslingr3
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To: blackdog

It’s called a non-denial denial.


40 posted on 07/13/2023 10:31:44 AM PDT by mewzilla (We will never restore the republic if we don't first secure the ballot box.)
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