Aren't easily tracked ...
Posted on 06/19/2025 9:57:29 AM PDT by yelostar
Catherine Austin Fitts explains the dangers of a completely digitized financial system. (just over 4 minutes)
"It’s called programmable money, some people call it smart contracts. I call it very stupid contracts, but it gives you the ability to issue programmable money and do complete surveillance and control of where and how people use their money."
"The thing to understand is if we go to an all digital transaction system - financial transaction system with a digital ID - so I can tell you're you and I'm me with great precision. Then suddenly all those different digitized items and equipments and systems snap into one complete control grid and the key to that snapping into the control grid is the digital ID and the all digital monetary system."
(Excerpt) Read more at youtube.com ...
CBDC stands for Central Bank digital currency.. it is a currency issued directly by the central banks.
It can be done on a wholesale basis which is to essentially allow the commercial banks to issue it on a retail basis and do the management of it on retail and then relay back to the central bank, which will be a wholesaler, or it can be done directly by the central bank doing directly a retail CBDC.
The challenge with CBDC is it gives the central bankers complete control and the ability to program your money…it gives them the ability to say what you can use your money for, where you can use your money.
It’s called programmable money, some people call it smart contracts. I call it very stupid contracts, but it gives you the ability to issue programmable money and do complete surveillance and control of where and how people use their money.
Now I say that CBDC are quite dangerous and they are.
However it's very important to understand that this kind of complete control comes about not through CBDC but having an all digital monetary system.
So what we want to stop is an all digital monetary system because it is possible do the equivalent of CBDC on a private basis.
So I can use merchant codes with your bank account and your credit card. I can kick you off your online payment systems if I don't like what you're saying on social media.
There are many different ways if we go to an all digital financial system.
We have digitized throughout our economy so our homes are full of digitized equipment that can be identified and surveilled. Our cars are more and more electric - they can be stopped remotely.
The thing to understand is if we go to an all digital transaction system - financial transaction system with a digital ID - so I can tell you're you and I'm me with great precision. Then suddenly all those different digitized items and equipments and systems snap into one complete control grid and the key to that snapping into the control grid is the digital ID and the all digital monetary system.
Now let me tell you what that looks like because we don't have a financial problem we have a governance problem.
If you do it in a system where a secret governance system that is non-transparent and outside of your control…if that gives them the power to basically turn on and shut off your transactions…you know we're in a coup d’etat world.
By creating an all digital transaction system with a digitized economy and a digital ID…suddenly the central bankers now control fiscal policy they can determine where you go …when you go.
So let's go back to the pandemic..
During the pandemic if the lockdown said you can't go more than a mile from your home and you can only go that on Tuesday and Thursday - in an all digitized economy with satellite flying overhead they can literally track you and if you don't do what they say they can turn off your money.
Now what this means is you not only have usurping of the people's representatives, but you have a usurping of the state powers, so under the Constitution the powers not delegated to the federal government are reserved to the States - but now the central bankers asserting line of fiscal policy, making the rules and enforcing them essentially, can literally control health care or other powers reserved to the states, and by the ability to literally control your financial transactions.
The way to make that transition is just…say total control …you know if you don't eat cricket flour and synthetic meat made in a lab you know will turn off your money. Use cash, encourage the local businesses to use cash, encourage your local banks to support cash. You can always use cash and you can use checks. Keep the cash and check systems going.
But it is just going to be soooo “convenient!”
Very few people who understand crypto currencies think CBDCs are a good idea.
I get the sense that relatively few people understand crypto currencies overall.
Aren't easily tracked ...
In practical terms we already have “digital currency” (the dollar).
When I receive payment of my salary, or even social security, it is a computer entry at my bank. Most of my spending is through credit cards, again computer entries passed from one bank to another.
If my bank decides they want me as a customer for political reasons I can be “debanked”, i.e., prevented from access to my computer-data funds.
If I make payment to the government for my taxes, an “electronic transfer” (series of computer entries) reduces my account and increases the government’s account. If I receive a tax refund, it is a computer entry to my account, and a debit to the government’s account.
So, what is the difference between this and CBDC’s? I’ll tell you. Today my computer-entry funds can be converted to paper currency. Highly portable, hard to trace.
Under a CBDC, the difference is the convertibility to paper is suspended. It also means all transactions must pass through the Fed in a more direct way.
Its similar, really, to the confiscation of gold in the 1930’s followed by the end of convertibility of paper to gold in the 1970’s.
Ultimately, those measures were taken by the government to make it easier to inflate the currency (that is, to steal the wealth of the people).
Don’t be fooled by the mumbo-jumbo handed out by supporters of this further debasement of the currency.
EXACTLY
GRANDMA DOESN’T NEED BIRTHDAY MONEY TO A GRANDCHILD TRACKED
I do not trust it because:
1. Power goes out, you are broke.
2. Ya cannot put ketchup on it, therefore, it ain’t real.
TIPS WON’T BE TAXABLE-—BUT WILL BE TRACED BY THIS KIND OF MONEY EXCHANGE.....
Where I live, many establishments have started charging less for cash payments than for credit card payments. Accordingly, I have started paying cash rather than using plastic. In most cases, the cash “discount” exceeds credit-card reward points. The transaction is also taken off the grid. I win. Big Brother loses. A little, anyway.
It also allows them to decide how much your digital currency is worth and zero your account with a keystroke. It allows them to completely control where you can go, where you can shop, virtually your entire life.
It is the mark of the beast.
I understand that the value is less based on reality and more on what people believe that it is worth, than fiat currency.
Agree...lol!
Cash cannot be wiped out at a keystroke.
Remember the Canadian truckers who had their bank accounts blocked. The state can wipe out your savings anytime. Digital means your money can be erased.
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