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UK Treasury Is Looking for CBDC Head as It Explores Digital Pound
A new LinkedIn job posting from the U.K. Treasury is seeking a "Head of Central Bank Digital Currency."
"The successful candidate will be responsible for leadership of HM Treasury’s work on a potential digital pound – a U.K. central bank digital currency (CBDC)," reads the posting.
In The Corbett Report video above, you can hear Agustín Carstens, executive director of the Bank for International Settlements, describe the chilling truth about CBDCs. Corbett describes the Bank for International Settlements, by the way, as the "central bank of central banks — the apex of the financial monetary pyramid, identified by Carroll Quigley in 'Tragedy and Hope' — and others as the capstone of the Pyramid of Power."4 Carstens says:5
"We don't know, for example, who is using a $100 bill today. We don't know who is using the 1,000-peso bill today. A key difference … with the CBDC is central bank will have absolute control on the rules and regulations that will determine the use of that expression of central bank liability. And also we will have the technology to enforce that." ...
"They want to replace fiat paper money with digital money as a competitor to Bitcoin and crypto money, right?
But instead of being decentralized currency, it will be controlled by a government … So instead of having a bank account with … HSBC or Bank of America, you'll have a bank account directly with — in the American context, with the Fed — in the UK, directly with the Bank of England. You have a personal bank account, and you're given digital money in that bank account.
… This money that you will earn from work, instead of having paper money, you have this digital money. It's programmable so that you can't buy certain foods, or if you do something that your employer doesn't like … you won't be able to spend your money. In other words, it's not money, they're vouchers.
They're like food vouchers. And they can be programmed. So that, like the Chinese social credit system, if you try and use them on a certain thing, it won't work. Say you want to buy a burger, and they want you to buy a box … if you start to try and buy unhealthy meat, it just won't work … you tap your card, you can't buy the thing, because you've met your quota that month, for burgers." ...
"Do you remember that parking ticket you forgot to pay last month? Well, your central bank issued CBDC, it remembers, and it will just subtract those funds plus a late payment fee from your account when you're not looking.
Got caught supporting the wrong fundraiser or the wrong political cause, like the freedom convoy in Canada? Don't worry. In a world of CBDC transactions, you wouldn't have even been allowed to donate to that cause in the first place because your wallet wouldn't let you."
"Do you remember that parking ticket you forgot to pay last month? Well, your central bank issued CBDC, it remembers, and it will just subtract those funds plus a late payment fee from your account when you're not looking.
Got caught supporting the wrong fundraiser or the wrong political cause, like the freedom convoy in Canada? Don't worry. In a world of CBDC transactions, you wouldn't have even been allowed to donate to that cause in the first place because your wallet wouldn't let you."
https://tinyurl.com/2d4w2xht
Eric Holder says
https://tinyurl.com/2d4w2xht
Which is https://www.cbr.ru/eng/analytics/d_ok/dig_ruble/
Russians should stick to cash as well, preferably real silver coins, but paper is at least better than digital money for freedom and anonymity.
The World Economic Forum (WEF) is hailing the opportunity presented by the global banking crisis to advance toward its goal of a “cashless society.”
Klaus Schwab’s WEF believes that the recent collapse of several large banks has created an ideal argument for “the end of cash.”
The WEF has teamed up with key banking elites to present plans for eradicating the traditional monetary system and replacing it with centralized digital cash. ...
As we’ve recently seen with governments censoring citizens on Big Tech platforms, CBDCs would give authorities a disturbing level of control of individuals’ lives.
The public’s spending habits could be tracked by the government and those who dissent could be easily penalized or even cut off. ...
In the meantime, cash, physical assets, and decentralized crypto remain the only way for people to preserve their privacy and have full control over their finances.
They will be found whether they pray or not.
To be rich means a torrent of money is flowing your way, and that is impossible to hide.
Cash will always be there but you’re not untracked like you think you are.
I’ll say it again. Cash is traceable. They will get rid of cash registers at some point. They’ll scan the cash and change comes out. Grocery stores already do this. There’s a unique number on all bills. Very few people go to a teller or inside. They use the ATM. Which again scans your cash.
You're already in a cashless society. Cash will always be there but you’re not untracked like you think you are.
Grocery stores don't scan the serial numbers, so that correlation is completely false.
I’ll say it again. Cash is traceable. They will get rid of cash registers at some point. They’ll scan the cash and change comes out. Grocery stores already do this. There’s a unique number on all bills.
We need to start patrick.net-stan!
I might dedicate .22 acres towards patrick.net-stan in Texas near I-35 :).
We need to start patrick.net-stan!
Dennis: What I object to is you automatically treatin' me like an inferior.
Arthur: Well, I am king.
Dennis: Oh, king, eh? Very nice. And how'd you get that, then? By exploiting the workers! By hanging on to outdated imperialist dogma which perpetuates the economic and social differences in our society! If there's ever going to be any progress--
Dennis: We're an anarcho-syndicalist commune. We take it in turns to act as sort-of-executive officer for the week--
Arthur: Yes.
Dennis: But all the decisions of that officer have to be ratified at a special biweekly meeting--
Arthur: Yes, I see.
Dennis: By a simple majority, in the case of purely internal affairs--
Arthur: [getting bored] Be quiet.
Dennis: But by a two thirds majority, in the case of more major--
Arthur: Be quiet! I order you to be quiet!
Dennis' Mother: Order, eh? Who does he think he is?
Arthur: I am your king!
Dennis' Mother: Well I didn't vote for you.
Arthur: You don't vote for kings!
Dennis' Mother: How'd you become king, then?
Arthur: The Lady of the Lake, [Angel chorus begins singing in background] her arm clad in the purest shimmering samite, held aloft Excalibur from the bosom of the water signifying by Divine Providence that I, Arthur, was to carry Excalibur. [Angel chorus ends] That is why I am your king!
Dennis: Listen. Strange women lying in ponds distributing swords is no basis for a system of government. Supreme executive power derives from a mandate from the masses, not from some farcical aquatic ceremony.
Arthur: Be quiet!
Dennis: You can't expect to wield supreme power just 'cause some watery tart threw a sword at you!
Arthur: Shut up!
Dennis: I mean, if I went 'round saying I was an emperor just because some moistened bint had lobbed a scimitar at me, they'd put me away!
Arthur: Shut up! Will you shut up?! [Grabs Dennis and shakes him]
Dennis: Ah, now we see the violence inherent in the system!
Arthur: Shut up!
Dennis: Oh! Come and see the violence inherent in the system! Help! Help! I'm being repressed!
1337irr says
We need to start patrick.net-stan!
https://www.moviequotedb.com/movies/monty-python-and-the-holy-grail/quote_15692.html
Dennis: What I object to is you automatically treatin' me like an inferior.
Arthur: Well, I am king.
Dennis: Oh, king, eh? Very nice. And how'd you get that, then? By exploiting the workers! By hanging on to outdated imperialist dogma which perpetuates the economic and social differences in our society! If there's ever going to be any progress--
Dennis: We're an anarcho-syndicalist commune. We take it in turns to act as sort-of-executive officer for the week--
Arthur: Yes.
Dennis: But all the decisions of that officer have to be ratified at a special biweekly meeting--
Arthur: Yes, I see...
So King Patrick of patric.net-stan? Got a nice ring to it!
1337irr says
We need to start patrick.net-stan!
I might dedicate .22 acres towards patrick.net-stan in Texas near I-35 :).
Does it have to be contiguous, or we are open to the idea of anclaves? If we are, I can chip in with some land in Scotland (it came with a bottle of scotch I've got for Xmas). It's not much, but then Kenigsberg is even more tiny compared to the rest of the CCCP.
What I object to is you automatically treatin' me like an inferior.
I live this stuff in real life, I don't just philosophize about it from behind a screen. And I read books about it, I don't just make shit up in my head.
Another is a former high school classmate that got busted slowly stealing $150k cash from the bank she worked at. That was in 2005. It wasn't cameras. They tracked the cash.
Now I just need some moist bint to hand me a sword to legitimate my rule.
I have no intention of doxing myself. One of my sources died last year that was a long time family friend. $600M market cap bank he bought half the shares plus during the housing bust. He was the majority share holder in a decent sized bank. Another is a former high school classmate that got busted slowly stealing $150k cash from the bank she worked at. That was in 2005. It wasn't cameras. They tracked the cash. I'm also not searching about tracking/hiding cash to prove a point on the internet for Christ sake.
I would say one good benefit of a cashless society is a decrease in robbery, at least one could hope. Thoughts?
I would say one good benefit of a cashless society is a decrease in robbery, at least one could hope. Thoughts?
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They have a window where you can order a beer while you are waiting. So I ordered a beer and they refused to take cash.
OK, I wanted the beer, so I paid with a credit card. Then the total had an extra $1.50 on it. I asked about that and was told that I added a tip. I specifically did not add a tip because I was pissed that they don't take cash.
I got the manager and made him remove the tip.
We are rapidly approaching the CCP utopia of complete tracking of all citizens at all times.
Lesson: call ahead and make sure a restaurant will take cash. If they will not, don't go there.