reSee.it - Related Video Feed

The speaker suggests that central banks are unnecessary and that the treasury should print money instead. They believe that in the digital age, people will realize they don't need central banks and can rely on the treasury to issue currency. The pressure on central banks is due to the fear of losing control if they don't adopt Central Bank Digital Currencies (CBDCs) during the reset. Another speaker questions if the monetary policies implemented in response to COVID-19 were preplanned. The first speaker explains that part of the reset involved the pandemic, using political mechanisms to collapse the economy and implement a new governance system dependent on CBDCs. This involves injecting money into certain areas while starving others, creating winners and losers.

The main difference with a Central Bank Digital Currency (CBDC) is that the central bank will have complete control over the rules and regulations governing its use. They will also have the technology to enforce these rules. This is significant because it sets CBDCs apart from cash.

Central banks are considering the introduction of central bank digital currency (CBDC), but there is little information on what it actually looks like. Some central banks have reportedly developed the final stage of CBDC, which is the size of a grain of rice and serves as a digital ID and wallet. This aligns with the trend of contactless payments using RFID technology. However, the idea of implanting microchips under the skin raises concerns about privacy and human dignity. The concept of universal basic income has gained support from billionaire elites since the technology for microchip implants became available. The COVID-19 pandemic has further facilitated the agenda for digital ID implementation.

The speaker suggests that central banks are unnecessary and that the treasury should print money instead. They believe that in the digital age, people will realize they don't need central banks and can rely on the treasury to issue currency. The pressure on central banks is due to the fear of losing control if they don't adopt Central Bank Digital Currencies (CBDCs) during the reset. Another speaker questions if the monetary policies implemented in response to COVID-19 were preplanned. They discuss how the pandemic was used as a political mechanism to collapse the economy and implement a new governance system dependent on CBDCs. The strategy involves injecting money into desired areas while starving small businesses and buying up assets cheaply.

"While many people rightly say that money is already digital, when world leaders say digital money today, it means cryptocurrency, which is now part of a worldwide scheme to monitor your actions and control your money." "This new form of currency will require you to have a unique digital wallet, which is essentially a digital ID." "Last spring, European Central Bank president Christine Lagarde said that the ECB will be ready to launch the digital euro by this October." "According to the Atlantic Council, a 137 countries and currency unions are preparing for a crypto digital currency." "Three countries have already launched theirs, The Bahamas, Jamaica, and Nigeria." "CBDCs in the advanced stages are the digital euro, China's digital yuan, India's e rupee, The United Kingdom's digital pound, Brazil's digital reel, and Russia's digital ruble." "The Trump family even have their own stablecoin, the USD 1 stablecoin from World Liberty Financial."

The speaker discusses the potential dangers of central bank digital currencies, highlighting the risks of government control and loss of individual rights. They mention the impact of hyperinflation, job loss due to AI, and the potential introduction of universal basic income. The speaker questions the motives behind the push for central bank digital currencies and invites further discussion on the topic.

Joe Biden's administration is prioritizing the creation of a central bank digital currency (CBDC), with the Federal Reserve and the Bank for International Settlements involved. The goal is to eliminate cash and have everyone use CBDCs for better tracking and control. CBDCs can be programmed to restrict certain purchases, like if someone exceeds their carbon footprint. This is seen as a dangerous tool for tyranny and a step towards a surveillance state. The idea of CBDCs is highly unpopular among Americans, but the plan is to gradually push it through and eventually demonize cash. It is crucial to resist this development, as once implemented, it will be difficult to reverse.

Speaker 0 argues that there is a shift toward bankers increasingly controlling both monetary and fiscal policy, describing it as a "financial coup d'etat." They claim that for centuries there has been a balance of power between the people's representatives who control fiscal policy (taxation) and bankers who control monetary policy. According to Speaker 0, bankers have decided to use digital technology to assert control over both sides of government policy, leveraging CBDCs (central bank digital currencies), stablecoins, and asset tokens as programmable money. They assert that this move is underway and cite Davos as evidence, noting that Larry Fink, the acting co-chair of the World Economic Forum, is aggressively promoting the idea of moving the entire financial system into a digital control grid. The speaker contends that the descriptions of the bankers’ intentions are becoming very open and explicit, and that the result would be the abolition or collapse of the republic in favor of a system where bankers control both monetary and fiscal policy. The speaker questions whether legislative representatives would remain in any executive or ceremonial role, describing the future as fluid and capable of many directions. They emphasize that the transition has been very incremental for decades, facilitated by the federal government not running its financial statements and operations in accordance with the law and not disclosing them properly. This, they claim, has allowed the shift to occur with the public largely unaware or complacent. Speaker 0 notes that many Americans have accepted the current system because they benefit from it in the short term—“as long as I get my check, I’m okay with the system as it is.” They frame this acceptance as part of the reason the changes have progressed with limited public pushback. In sum, the speaker contends that the bankers are moving to extend control from monetary policy into fiscal policy through digital technologies and programmable money, a process they describe as a quiet, long-running coup that could redefine the balance of power in government.

Speaker 0 discusses what central bank digital currency (CBDC) might look like, noting that many people won’t like its appearance. He claims several central banks have already fully developed the final stage of CBDC, which would come in stages—initially through a mobile phone, but the final stage being small, the size of a grain of rice. He says this grain of rice is the entire wallet and digital ID, serving as your wallet, passport, and key. Speaker 1 asks if that grain of rice is the entire wallet. Speaker 0 confirms: yes, it’s your digital ID and wallet. He observes that debit and credit cards have moved to RFID chips for contactless payments, conditioning people to wave instead of swiping. He suggests the next rationale is that waving is faster, but raises concerns about losing or having cards stolen, implying a broader move toward implanting a microchip under the skin. He argues this would be a step too far for many due to human dignity concerns, requiring persuasion. Speaker 0 then connects universal basic income (UBI) to this technology, noting UBI has been discussed for a century, but billionaires and the World Economic Forum only supported it in recent years. He states that since February 2015, big billionaires and the World Economic Forum have endorsed UBI. He claims Bill Gates stated in February 2017 that UBI is a good idea but too early to introduce it, and he asserts the missing element then was a digital ID. He attributes the timing to the COVID agenda, arguing the sequence was to develop the technology first, then the ID. Speaker 0 explains a supposed usual game plan: central banks create boom-bust cycles and economic crises, then present a new idea as the solution. He contends that resistance to an implant would be high, so they sought another approach. He claims there is a World Economic Forum insight that once people accept electronic implants, there is a legal angle under which those with implants could be encouraged to be viewed as enhanced and not necessarily human, while the transhumanist movement entertains the idea of humanoid robots. Speaker 1 asks about a potential consequence, and Speaker 0 reiterates the idea that once someone has a microchip implant, the next question is whether they will still have human rights. He claims the World Economic Forum has conducted surveys asking whether humanoid robots should have human rights, and that most people say yes once the implant is accepted. In summary, the speakers discuss CBDC progression to a grain-sized digital ID wallet, RFID conditioning, the push for implantable chips, UBI advocacy by elites, a COVID-era trigger, a crisis-based rollout tactic, transhumanist legal considerations, and potential human-rights implications for humanoid robots.

The Bank of England has developed a microchip implant RFID chip for under-the-skin use. There is a growing conversation about universal basic income from various grassroots movements and billionaires. The concerns about privacy and freedom are alarming, especially with the introduction of central bank digital money. The ability for governments to digitally track every purchase and sale is unsettling. Additionally, programmability is seen as a way for central bank digital currencies to enhance financial inclusion.

The speaker expresses skepticism towards central bank digital currency (CBDC) and questions its purpose. They highlight that existing platforms like Venmo can already perform transactions efficiently. The speaker challenges the notion that CBDC would improve financial inclusion or cross-border remittances, and questions the lack of evidence supporting these claims. They also mention that CBDC could enable monitoring of transactions, imposition of negative interest rates, and direct taxation of customer accounts, which is why China might be interested. However, the speaker questions why the American people would support such measures.

- Central bank digital currency (CBDC) design: There is talk of a final stage that is small and grain-of-rice sized, with initial access via mobile phones as an intermediate step. - A grain-of-rice-sized CBDC would function as your entire wallet and digital ID, potentially serving as your wallet, passport, and key. - Payment infrastructure evolution: Debit and credit cards have moved to RFID chips for contactless use, conditioning people to the idea of waving rather than inserting or typing. - Future payment modality: The next rationalization is that waving a device will be faster than queuing and entering numbers, but there is concern about losing or having cards stolen, which leads to the idea of a system where you cannot lose it and nobody can steal it. - Implant concept and human dignity: A microchip implant under the skin is discussed as a means to realize such a system, with the claim that some people may view this as a violation of human dignity. - Universal basic income (UBI) and timing: The idea of universal basic income has existed for about a century, but billionaire elites and the World Economic Forum have endorsed it more recently. Since 02/2015, there is said to be broad support among major figures, and in 02/2017 Bill Gates stated that UBI is a good idea but too early to introduce it. - Missing component and COVID-19 impact: It is claimed that the technology for the microchip implant existed earlier, but digital ID had not yet been introduced. The COVID agenda is described as having made the digital ID useful or relevant, enabling the planned sequence. - Strategy for introduction: Traditionally, central banks would create boom-bust cycles to push new ideas as solutions during crises. In this account, resistance to implants was anticipated to be high, so an alternate approach was pursued. - Transhumanism and law: There is a view that once electronic implants exist in the body, there is discussion in the World Economic Forum about the legal consequences, including the possibility of people being classified as not human if they have implants. - Humanoid robots and human rights: The discussion mentions attempts to persuade people by claiming enhancements, and raises the question of whether humanoid robots should have human rights; the World Economic Forum has reportedly conducted surveys asking whether humanoid robots should have human rights, with most people responding that it could apply to you once you accept the microchip implant.

The speaker discusses the purpose of a Central Bank Digital Currency (CBDC), stating it's meant to keep track of how people purchase, save, and work with goods. They acknowledge a report suggesting cautious progress and state the government is proceeding with caution, citing issues like privacy, financial inclusion, limits, monetary policy, and interest. A consultation is underway, and more information will be available tomorrow. The speaker says a CBDC is about being a modern economy that recognizes how citizens want to do business, but it presents challenges that need to be overcome before proceeding. They state they are still in the phase of looking at those challenges.

The speaker expresses skepticism about the need for a Central Bank Digital Currency (CBDC). They question what problem a CBDC solves, as they can easily send money with Venmo. They dismiss the arguments of financial inclusion and cross-border remittances, asking for evidence to support these claims. The speaker acknowledges that China may have reasons to implement a CBDC, such as monitoring transactions, imposing negative interest rates, and directly taxing customer accounts. However, they question why the American people would be interested in a CBDC.

The speaker expresses skepticism towards central bank digital currency (CBDC) and questions its purpose. They highlight that existing platforms like Venmo can already perform financial transactions efficiently. The speaker challenges the notion that CBDC would improve financial inclusion or cross-border remittances, as there is no evidence to support these claims. They suggest that CBDC could be used by governments to monitor transactions, impose negative interest rates, or directly tax customer accounts, which is why China may be interested. However, the speaker questions why the American people would need CBDC.

The speaker discusses the potential impact of central bank digital currencies, highlighting concerns about government control, lack of recourse for citizens, and potential manipulation. They also touch on the role of AI in job displacement and the push towards universal basic income. The speaker questions the benefits of central bank digital currencies in addressing issues like crime and terrorism financing. They invite further discussion on these topics in the comments.

The speaker expresses concern about the push towards a centralized digital currency and a social credit score system. They mention the possibility of connecting it to a health app and using another pandemic as a means to implement it. The speaker highlights the effectiveness and financial gains of such systems. They also mention the consequences in China, where a bad social credit score can restrict one's ability to buy a plane ticket, car, or get a loan. The fear of self-censorship is emphasized as people try to avoid being a part of this system.

The speaker discusses Central Bank Digital Currency (CBDC), specifically the digital euro, and its upcoming introduction planned for 2029, noting that the European Parliament has some resistance. Rapporteur Naharete Rogas opposes the plan, arguing that the current design adds nothing for ordinary people, i.e., ordinary citizens like you and me. The speaker counters a common claim that CBDC is not a replacement for cash and that the digital euro is not programmable. The speaker argues that, by definition, central bank money can be programmable. The explanation focuses on how the central bank’s balance sheet works when money is spent. When the central bank issues money (spends), it increases its balance sheet. Cash sits on the right side of the balance sheet. To keep the balance, on the asset side there are government bonds (and potentially other bonds) that earn interest, which means the central bank collects money from society. The Dutch central bank has written in a report about design choices for a digital euro that the central bank can influence society by increasing the money supply, because it earns interest, a process often referred to as seigniorage. The speaker emphasizes that if cash exists in a given quantity and the central bank issues CBDC in addition to that cash, the central bank’s balance sheet grows. To prevent this imbalance, the only way to keep the totals equal is implied: every time you issue 1 euro of CBDC or even a 10-euro note in digital form, you would need to keep the physical cash in ATMs from being replenished or refreshed. Under the digital euro scenario labeled “scenario 4,” CBDC would thus be the replacement of cash, with the overall sum being kept in balance through this mechanism. The speaker concludes with “Dus dut,” underscoring that the outcome depends on how the total money supply is managed and whether CBDC is deployed in a way that maintains or replaces cash.

First speaker asks what happens if the government issues digital currency. Second speaker responds that they’re talking about central bank digital currencies (CBDCs) and acknowledges their appeal due to ease, but believes a lot will happen as this develops. Second speaker explains that with digital currency, transactions are easy, and it will be similar to money market funds in terms of practical use. A key question is whether CBDCs can offer interest. There is a debate on this; if CBDCs cannot offer interest, they may be less effective as a hold-in vehicle, since depreciation could make alternatives like money market funds or bonds more attractive. There will be no privacy with CBDCs, making them a very effective government controlling mechanism: all transactions would be known. This close surveillance could be beneficial for countering illegal activity but would also give the government substantial control. Examples include tax collection, the ability to take money, and the establishment of foreign exchange controls. These controls could be particularly challenging for international holders of CBDCs; for instance, sanctions could enable authorities to seize funds held by individuals in other countries. Privacy concerns relate to the possibility that politically disfavored individuals could be shut off. Second speaker reiterates that these privacy and control issues are part of the broader picture. He suggests that, for those reasons, CBDCs will not become a magnitude that changes everything; development will occur, but he does not expect CBDCs to be a huge deal in scale, even though growth is likely.

The speaker explains that there is a significant difference between cash and Central Bank Digital Currency (CBDC). With cash, it is unknown who is using specific bills. However, with CBDC, the Central Bank will have complete control over the rules and regulations governing its use, and the technology to enforce them. This distinction is crucial and sets CBDC apart from cash.

The speaker suggests that the agenda to implement CBDCs has been delayed, but the technology has been ready since 2015. They mention that CBDCs could initially be phone-based apps, but the ultimate goal is to implant a small chip under people's skin. The speaker believes this violates human dignity. They explain that to convince people to accept this, there will be a push for universal basic income due to unemployment and crises. However, to efficiently run this system, the speaker suggests the need for a CBDC chip implant. They acknowledge that a surprising proportion of people may agree to this.

The speaker suggests that central banks are unnecessary and that the treasury should print money instead. They believe that in the digital age, people will realize they don't need central banks and can have the treasury issue currency directly. The pressure on central banks is due to the fear of losing control if they don't adopt Central Bank Digital Currencies (CBDCs) during the reset. Another speaker questions if the monetary policies implemented in response to COVID-19 were preplanned, indicating that the pandemic may have been part of the operation. The goal of the reset is to build a new governance system dependent on CBDCs, injecting money into desired areas while starving small businesses and manipulating the market.

The speaker discusses the analysis of Central Bank Digital Currency (CBDC) and its comparison to cash. They highlight a significant difference between the two: while cash transactions are anonymous, CBDC allows the central bank to have complete control over the rules and regulations governing its use. Additionally, the speaker emphasizes that the central bank will possess the necessary technology to enforce these regulations. These factors distinguish CBDC from cash and make it a unique form of central bank liability.

"We move into this digital currency era where the banks are issuing these stable coins, these deposit tokens that are programmable money." "They're going to be sharing this data in the same database that the CIA and any other intelligence agency can access whenever they want without a warrant." "No more secret FISA courts or you don't need any of that infrastructure anymore. It is the new system." "Retail CBDC is not nearly as common today as wholesale CBDC." "Wholesale CBDC works as this two tier system." "the CBDC really only serves as a means of interbank settlement and isn't public facing at all." "FedNow, for example, of the Federal Reserve, that was launched solely as a means of interbank settlement, really." "When you have people like Trump and Ron DeSantis say no CBDC, they mean no public facing CBDC. They don't mean no wholesale CBDC."