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Russia's digital transformation has been making waves, with the introduction of the digital ruble and various digital initiatives. Moscow has implemented face pay payments in the metro and digital ID cards, while also collecting biometric data in a central database. Hermann Graf, a German who was part of Putin's circle in Saint Petersburg, has played a significant role in this progress. Starting as a deputy prime minister, Graf's career skyrocketed, landing him on the Board of Directors of companies like Aerofloat. Russia's advancements in digital technology and Graf's influence have raised questions about whether Russia is becoming another China.

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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.

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The ECB has given the green light for the digital euro, entering the preparation phase. This move involves collaboration with European institutions to ensure Europe is equipped with the currency of the future. Cash will still be available alongside digital cash, providing consumers with free and convenient usage across the euro area. However, the implementation is subject to the legislative process.

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The central bankers have been working towards introducing central bank digital currencies (CBDCs) and digital IDs since 2020. They used the pandemic as an excuse to push for digital IDs through vaccine passports, despite the weak justification. Their ultimate goal is to establish a totalitarian control system with CBDCs connected to digital IDs. This would be the most extreme form of control in human history.

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"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."

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The central bankers have been working towards introducing central bank digital currencies (CBDCs) and digital IDs since 2020. They used the pandemic as an excuse to push for digital IDs through vaccine passports, despite the weak justification. Their ultimate goal is to establish a totalitarian control system with CBDCs connected to digital IDs. This would be the most extreme form of control in human history.

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The ECB has approved the preparation phase for the digital euro, with all European institutions involved in ensuring Europe has the currency of the future. Cash will still be available alongside digital cash, providing consumers with free and easy-to-use options throughout the euro area. However, the implementation is subject to the legislative process.

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The central bankers have been working towards introducing central bank digital currencies (CBDCs) and digital IDs since 2020. They used the pandemic as an excuse to push for digital IDs through vaccine passports, despite the weak justification. Their ultimate goal is to establish a totalitarian control system with CBDCs connected to digital IDs. This would be the most extreme form of control in human history.

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Introducing the electronic euro, switching to this currency can help by reducing the use of cash. In Europe, cash payments above €1,000 are considered illegal and can result in fines or jail time. However, the digital euro will have some level of control. For small amounts like €300 or €400, there may be a mechanism with zero control, but this could be risky. In the past, terrorist attacks in France were funded through small anonymous credit cards that could be recharged without revealing the user's identity.

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Introducing the electronic euro, which aims to address the issue of cash payments above €1,000 being considered on the gray market in Europe. The digital euro will provide some level of control, but there are discussions about allowing zero control for very small amounts like €300 or €400. However, this could be risky as small anonymous credit cards were used to finance terrorist attacks in France a decade ago.

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President Biden and the media are excited about the potential for a digital dollar controlled by the government. Governor DeSantis opposes this, leading Florida to ban its use. Advocates believe a digital currency would make payments easier and promote financial stability. However, critics like DeSantis argue it could lead to increased government control and privacy concerns. The Federal Reserve's push for a digital currency is met with skepticism and legal challenges. Cash is seen as a symbol of independence and privacy, which could be compromised with a digital dollar. Some believe a digital currency could drive out private digital money like Bitcoin.

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The central bankers have been working towards introducing central bank digital currencies (CBDCs) and digital IDs since 2020. They used the pandemic as an excuse to push for digital IDs through vaccine passports, despite the weak justification. Their ultimate goal is to establish a totalitarian control system with CBDCs connected to digital IDs. This would be the most extreme form of control in human history.

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The ECB has given the green light for the digital euro, entering the preparation phase. This move aims to equip Europe with a future currency, while emphasizing that cash will still be available. The digital euro will offer consumers a convenient and free option for transactions across the euro area. However, it's important to note that these plans are subject to the legislative process.

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CBDC rollout was delayed despite the technology being ready around 2015. A central banker said the ultimate goal is a CBDC that looks like a small grain of rice implanted under the skin. Universal basic income will be used to encourage acceptance of CBDCs, offering monthly payments via a CBDC chip implant. In Sweden, a substantial minority has already adopted chip implants. These implants are not just from local tech firms, but early adoption tendrils from the mother ship. Now is the time for wider awareness.

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The European Union has reached an agreement on the implementation of digital identity, which is concerning news. Commissioner Breton has also mentioned the possibility of introducing the digital euro, or Central Bank Digital Currency. This connection between digital identity and digital currency is worrying, as it goes against previous promises and has raised concerns among privacy and security experts. However, there is still a chance to voice opposition to this development by contacting your Member of European Parliament (MEP) and expressing your disagreement with this tool.

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Digital money offers significant benefits like programmability and the potential for central bank currency with specific characteristics. However, there are concerns about governments restricting what can be purchased with this digital money, which could impact the integrity and independence of central banks. While there are exciting possibilities with digital money, there is also a risk of technology leading us down a negative path.

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The European Union has reached an agreement on the implementation of digital identity, which is concerning news. Commissioner Breton has also mentioned the possibility of introducing the digital euro, or Central Bank Digital Currency. This connection between digital identity and digital currency is worrying, as it goes against previous promises and has raised concerns among privacy and security experts. However, there is still a chance to oppose this development by contacting your Member of European Parliament (MEP) and expressing your opposition to this tool.

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The central bankers have been working towards introducing central bank digital currencies (CBDCs) and digital IDs since 2020. They used the pandemic as an excuse to push for digital IDs through vaccine passports, despite the weak justification. Their ultimate goal is to establish a totalitarian control system with CBDCs connected to digital IDs. This would be the most extreme form of control in human history.

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We are preparing for the possibility of a new currency, but the decision won't be made until October 23. We don't want companies like Meta, Google, or Amazon to create a currency that takes over Europe's sovereignty. Currently, in Europe, cash payments above €1,000 are considered on the gray market, risking fines or jail time. The digital euro will have some level of control, but we are considering allowing no control for very small amounts, around €300 or €400.

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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.

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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.

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Many people are a little worried about what will happen to them with the digital euro. Can you encourage them? Why is the digital euro good for people like you and me? The digital currency, where it has been piloted, and there is only one which is clearly now launched in in a very small country, but it is piloted on a fairly large scale in in China, is of use and of service to all citizens. So it is not something that is good for the elite or is good for the young or is good for some versus others. If it is well done and if it is well implemented, it would be of service to all citizens.

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The speaker criticizes the idea of the digital ruble, dismissing claims that it will be voluntary and highlighting the Russian government's history of contradicting itself. They argue that the digital ruble is similar to other centralized digital currencies being developed by the EU and the US, controlled by the Russian Central Bank and obedient to the IMF. The speaker expresses concern about the potential for abuse and the creation of a control grid, where every aspect of people's lives will be monitored. They believe it is unacceptable for any government to introduce such a currency. The transcript ends with a question about the BRICS common currency.

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A bank, Sberbank, is involved in a biometric system called Ladushki, which allows school children to pay for their lunches. Sberbank is also helping regional governments and cities fulfill their UN sustainable development goals. The CEO of Sberbank, Greff, is leading these initiatives and has a good relationship with Putin. The recent passing of laws on the digital ruble by the state Duma will first be used by the Russian Central Bank and then expanded in phases. This bill establishes the legal framework for the digital ruble.

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Russia’s Sputnik V and the WEF with Riley Waggaman
Guests: Riley Waggaman
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Whitney Webb frames a discussion of global power as driven by transnational networks that transcend nation-states, shaping policy and markets to enrich a global elite rather than serve any particular country. The episode uses Russia and the COVID crisis as a case study to examine how these networks push technologies and governance—such as central bank digital currencies, vaccine passports, and Fourth Industrial Revolution infrastructure—under the rubric of public health or national interest, while advancing technocratic control. Riley Waggaman, a Moscow-based journalist, addresses Sputnik V with a critical lens, noting that Gamaleya Center’s viral-vector platform is presented as a rapid breakthrough but remains unproven in terms of market-available vaccines. He points to Gamaleya’s tenuous pre-COVID track record, close ties to the Russian Health Ministry, and historical links to Anatoly Chubais and Rusnano, which have been associated with financial misfeasance and questionable ventures. He highlights the Ebola vaccine Gamaleya touted as a success that never advanced to broad international use, despite public claims. The Sputnik V narrative is further questioned by the claim that Gamaleya often acts as a purchaser or middleman rather than a manufacturer, acquiring doses from an unnamed third party and branding them as its own, sometimes in US-dollar contracts. The discussion extends to Russia’s cooperation with major Western pharma firms, including a memorandum with AstraZeneca and debates over mixing Sputnik V with other vaccines; Argentina’s experience with mixed dosing is cited as evidence of this collaboration. The Russian Direct Investment Fund (RDIF) and the Bank sector, notably Sberbank, emerge as central players: Sberbank’s front-line role in vaccine distribution, its leadership’s WEF connections, and its broader “universe of services” branding, including biometric ID and digital ecosystems, are described as integral to public-health and social-control strategies. Biometrics and digital IDs are shown as expanding into schools and other public spaces, with Sberbank-backed projects leveraging thumbprint and facial-recognition systems, raising concerns about surveillance and the normalization of centralized control. The national QR-code bill’s shelving is presented as a partial victory, yet regional QR-code practices persist, and Putin publicly supported the policy, undercutting claims of strategic resistance. Transparency gaps are stressed: post-vaccination safety data in Russia is not released, and the absence of a VAERS-style system is highlighted, alongside the claim that trial data is treated as confidential trade secrets. The CBDC narrative is firming, with the digital ruble being tested, pensions shifted to digital wallets, and officials discussing payment monitoring and constraint mechanisms. Spurcoin’s development, JPMorgan involvement, and a potential competition or coexistence with the digital ruble are examined, alongside CyberPolygon ties linking the World Economic Forum, Sberbank, and Russian authorities. The gold policy is reviewed: Russia’s shift from heavy gold accumulation to exporting gold, particularly to London, enabled by new rules allowing miners to repatriate cash abroad, prompting questions about a gold-backed system and the real trajectory toward CBDCs. The Ukraine crisis is acknowledged as a backdrop to these dynamics, with Western media amplifying threats while the broader trend toward centralized digital control—public-private, national-international—continues. The speakers close by urging vigilance, recognizing resistance but acknowledging that the overarching trajectory toward digital currencies, biometric surveillance, and transnational governance is unlikely to be easily reversed.
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