Six countries have digital currency pilot programs in place. Canada is in development mode while the US lags. The Central Bank Digital Currency Tracker shows the evolution towards central bank sponsored digital currencies.
Nearly 80% of central banks are engaged in work related to national digital currencies, according to a 2020 Bank of International Settlements survey.
Last month, China announced a pilot project of its digital Yuan in four cities. This month, the US is considering implementing a digital dollar.
Digital Currencies are Coming
There are advantages to digital currencies especially in terms of payments.
But the push for digital currencies is also nefarious. Governments can and will track every penny of every person 100% of the time.
And when in place, digital currencies open up new avenues of control especially in regards to negative interest rates and wealth taxes.
Since DC’s are under the real-time control of the central bank and can be shut down at will, the move to DC’s will essentially put the CB in your pocket. “By the authority vested in me by myself, I hereby grant the bearer of this number the right to have X, unless I change my mind.” Of course they’ll base the initial distribution of wealth on the current distribution of wealth which is almost entirely based on the distribution of fictional reserves, graft and engineered crashes (i.e. theft) over time.
This is just an enforcement mechanism for ongoing plunder. Fiction piled on fiction piled on fiction.
“The powers of financial capitalism had [a] far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert by secret agreements arrived at in frequent private meetings and conferences.” — Quote from Caroll Quigley’s Tragedy and Hope, Chapter 20