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 ...
Yep
I noticed that
(Never believe anything until the ‘Fact Checkers’ deny it.)
Exactly.
A cashless society will absolutely come.
You can take that .... sorta ..... to the bank 🏧🏧🏧🏦🏦🏦.
Tell us what you really think.
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.
Nazis used similar word speak for their Final Solution.
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.
Start using cash again, folks. You have been warned.
Get a second source on the baseball scores if they are from the Asspress.
“It won’t be fun.”
Well, speak for yourself, I get a kick out of ruining the schemes of totalitarians.
“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.
Many have been talking about this. I am sure what is said in private is not the version said behind closed doors.
“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.
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
It’s called a non-denial denial.
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