CBDCs are an expression of bankers' fantasy of total control. Their first pilot program lasted 108 days and ended in total failure, lost elections and prison time.
Thanks Alex - I work for a global multinational IT consultancy which undertakes many large, complex projects for governments. I can absolutely vouch for the fact such projects rarely achieve their unrealistic objectives, and the more complex the new systems are, the more people find them unusable and push back, the harder it is to enforce compliance. A recent example is the Australian government’s attempt to digitise customs and immigration forms. It was a disaster. I think it lasted 2 months. We’re back to paper forms again now.
I found this very encouraging Alex, thank you for writing. I never heard about Nigeria and their failed CBDC. Good to know that the megalomaniacs at the WEF and IMF have proven that no one can truly control a complex system like the markets and an economy. I’m sure the fools will keep trying, but it’s nice to know that they will probably just wear themselves out, maybe they will all have their heads explode in the process.
Most interesting. Thank you once gain, Alex. My question on CBDC's are two fold: 1. Would the plan be to extend these to business accounts, as well as personal accounts? If they were to seek to so control business activity, the software would have to be all the more elaborate and likeky severely contract economic activity. If not, opening a business account would become an easy way around the restrictions. 2. With each individual country developing its own CBDC, how would cross border transactions be administered? And what about the tens of thousands of Americans (say) retired in Mexico or Central America? Would the government seek to build interfaces between such different systems or simply allow us to spend out money outside the country, thereby creating another loophole? For this system to work they would need to be extraordinarily complex.
Just because one Third World African Nation failed in its first attempt to implement a CBDC doesn’t mean every other nation on the planet is going to give up their pursuit of a CBDC.
When the BIS and every nation’s Central Bank have announced their intent to implement a CBDC, I don’t think they are just floating trial balloons.
There’s only one way out of the Global Debt Crisis, and that’s with a Global CBDC.
And remember....
Globalists Create Global Crises to Justify Global Governance!
The true purpose of a Global CBDC is not to solve the Global Debt Crisis, but to implement Global Governance.
I hope Alex is right but he is missing a BIG difference between Nigeria (and other developing countries) and the US (and other First World countries) and that is the percentage of the populace that has access to and takes advantage of traditional banking services. In the excellent book I am reading, "The Future of Money" by Eswar S Prasad, he points out that in most all developing countries the number of folks who have access to banking is quite low. Most people conduct their financial transactions using electronic payment apps like Venmo, Paypal, etc. on their phones.
I turns out that in a country like Nigeria, few people have a bank account but nearly everyone has a phone. This is most certainly NOT the case in America, where nearly everyone has a bank account. This critical difference could make the implementation of a CBDC in the US easier and much more likely and successful.
I would love to hear Alex address this as I am quite certain the folks who run our government and the Fed would absolutely LOVE to force all of us into a digital currency. And they have shown a willingness to ignore ALL prior norms and legalities when it comes to getting what they want.
Great news, happy for Nigerian people, they sure could be good example for some European countries.. like Netherlands- Petri dish for WEF. On 1st of this month in Groningen Dutch government closed biggest gas field in Europe -30% of total gas supplies. It’s very understandable that people in Groningen had issues with minor 3,4 something earthquakes and they property were destroyed but, Dutch government could’ve find different solution to this problem, instead they decided to closed down gas field that make nation prosperity from 1963. The logic similar to-best solution to headache is guillotine. Thank you Alex for such positive news! WEF is failing on every agenda they push, now this loony tunes pushing agenda on fresh water control, believe it or not.
In my career in implementing and maintaining computer-aided drafting systems I came face to face with the limits of systems that claimed to be all-encompassing cradle to grave solutions. I admit that even I was entranced by these promises but finally realized they were hard to maintain, hard to upgrade, had trouble keeping their programming current with advances with base computer technology, and in many ways stifled creativity. The technology is truly great but the thought of having one single program that does everything and that everyone uses is more than a pipedream. It's a nightmare.
Greetings and blessings to all. I come to this discussion from a different angle - as a believer in Jesus Christ. I understand that others may not believe and that it’s a personal choice. But the reason I am leaving this message is to inform others of what the Bible says concerning buying and selling during the end times. From my point of view, what is happening is not just a coincidence.
“It also forced all people, great and small, rich and poor, free and slave, to receive a mark on their hands or on their foreheads, so that they could not buy or sell unless they had the mark…(Revelation 13:16-17).
Is this passage referring to a CBDC of some sort? We don’t know because this is as much information as God has given us through the Bible. But the point is that there is some type of system that will be put in place that doesn’t allow buying or selling unless you buy into the system (God calls it the mark of the beast).
There is much more that will happen in the end times per the Bible, and most of it will be horrible. The point is that, even if they’re not successful now or even in the near future, at some point they will be.
While I have much sadness about the state of the world, my hope is not in this world but rather in Jesus Christ. I hope some will find this message useful.
The Nigeria CBDC pilot program’s failure comes across as an orchestrated failure. The disregard for public sentiment, hasty adoption, and the resulting chaos is the MO of these megalomaniacs.
Their ambitious agendas seeks to test environments in order to refine their strategies for central bank digital currencies (CBDCs).
Its evident that global institutions such as the IMF and non-elected technocrats such as, the WEF are pursuing a broader agenda aimed at establishing a new banking global order. Their persistence in these endeavors suggests a determination to ensure the continuity of their influence. The malfeasance will continue, new testing grounds will emerge.
My guess is that next time, CBDC will be instituted far more incrementally without AT FIRST outlawing cash and existing digital (checks, credit cards, debit cards etc) and with virtually NO CONTROL over how the CBDC is spent and with lots and lots of time to convert fully to CBDC along with all kinds of incentives and bonuses to convert. Another trick would be to confine CBDC to welfare and social security. Then, the ratchet could be applied over years and decades.
Wonderful description on nowhere the CBDC will fail catastrophically.
Delusional is the signature of these Globalist originators as are their failing sanctions agenda. Losing the Ukraine War and shock above all the money lent to the corrupt Zelensky Regime which will be never be repaid as the Ukraine ceases to exist.
Delusional in-thinking that the life of ordinary people thrived on violence while raising their children.
The West have installed a too complex , unsatisfying , hateful rule book no one is pleased by..
Unelected , no debate, calling it democracy?
Parents are now having to protect their children from these creatures of delusion.
Don’t mess with our kids.
Sanity is so refreshing a solution to our social problems starkly contrasted to this failed social contract we see collapsing now.
Be nice to see Canada’s Central Bank restored as a lender to non profit Democracy to nourish it as the Bank did up until the 70’s with Tricky Dicky Nixon’s Gang saying and implementing our salvation through having a debt economy!
Governments around the world are being exposed as nothing but incompetent gangsters every day. Name a successful IT project or any successful project run by a government.
Governments depend on co-opting individuals and markets to survive, they are incapable of thriving without the submission and active participation of the populace. Even in Europe where the population has been completely captured and brainwashed to the point of allowing the EC, a nondemocratic, dictatorial body, control of almost everything, the EC has used its power in the most hamfisted way possible, the results of which will be total collapse of the EU as an institution. Literally every policy you can think of is backwards. This is not sustainable. To think that CBDCs can be successfully implemented in this climate is a fantasy. They may implement something but it will fail spectacularly.
Thanks Alex - I work for a global multinational IT consultancy which undertakes many large, complex projects for governments. I can absolutely vouch for the fact such projects rarely achieve their unrealistic objectives, and the more complex the new systems are, the more people find them unusable and push back, the harder it is to enforce compliance. A recent example is the Australian government’s attempt to digitise customs and immigration forms. It was a disaster. I think it lasted 2 months. We’re back to paper forms again now.
I found this very encouraging Alex, thank you for writing. I never heard about Nigeria and their failed CBDC. Good to know that the megalomaniacs at the WEF and IMF have proven that no one can truly control a complex system like the markets and an economy. I’m sure the fools will keep trying, but it’s nice to know that they will probably just wear themselves out, maybe they will all have their heads explode in the process.
Thanks, Alex. I'm a news junkie and hadn't heard of the Nigerian experience.
Most interesting. Thank you once gain, Alex. My question on CBDC's are two fold: 1. Would the plan be to extend these to business accounts, as well as personal accounts? If they were to seek to so control business activity, the software would have to be all the more elaborate and likeky severely contract economic activity. If not, opening a business account would become an easy way around the restrictions. 2. With each individual country developing its own CBDC, how would cross border transactions be administered? And what about the tens of thousands of Americans (say) retired in Mexico or Central America? Would the government seek to build interfaces between such different systems or simply allow us to spend out money outside the country, thereby creating another loophole? For this system to work they would need to be extraordinarily complex.
A new monetary system will have to be based on honest, sound money--back to the gold standard?
Alex, wake up, you’re dreaming.
Just because one Third World African Nation failed in its first attempt to implement a CBDC doesn’t mean every other nation on the planet is going to give up their pursuit of a CBDC.
When the BIS and every nation’s Central Bank have announced their intent to implement a CBDC, I don’t think they are just floating trial balloons.
There’s only one way out of the Global Debt Crisis, and that’s with a Global CBDC.
And remember....
Globalists Create Global Crises to Justify Global Governance!
The true purpose of a Global CBDC is not to solve the Global Debt Crisis, but to implement Global Governance.
I hope Alex is right but he is missing a BIG difference between Nigeria (and other developing countries) and the US (and other First World countries) and that is the percentage of the populace that has access to and takes advantage of traditional banking services. In the excellent book I am reading, "The Future of Money" by Eswar S Prasad, he points out that in most all developing countries the number of folks who have access to banking is quite low. Most people conduct their financial transactions using electronic payment apps like Venmo, Paypal, etc. on their phones.
I turns out that in a country like Nigeria, few people have a bank account but nearly everyone has a phone. This is most certainly NOT the case in America, where nearly everyone has a bank account. This critical difference could make the implementation of a CBDC in the US easier and much more likely and successful.
I would love to hear Alex address this as I am quite certain the folks who run our government and the Fed would absolutely LOVE to force all of us into a digital currency. And they have shown a willingness to ignore ALL prior norms and legalities when it comes to getting what they want.
Total control is a big fantasy indeed.
See Bernard Lietaer and complementary currencies ☯️
Also Holochain technology,based on mutual credit.
Thank you for being a voice of reason in a world of chaos! Keep it up!
Great news, happy for Nigerian people, they sure could be good example for some European countries.. like Netherlands- Petri dish for WEF. On 1st of this month in Groningen Dutch government closed biggest gas field in Europe -30% of total gas supplies. It’s very understandable that people in Groningen had issues with minor 3,4 something earthquakes and they property were destroyed but, Dutch government could’ve find different solution to this problem, instead they decided to closed down gas field that make nation prosperity from 1963. The logic similar to-best solution to headache is guillotine. Thank you Alex for such positive news! WEF is failing on every agenda they push, now this loony tunes pushing agenda on fresh water control, believe it or not.
In my career in implementing and maintaining computer-aided drafting systems I came face to face with the limits of systems that claimed to be all-encompassing cradle to grave solutions. I admit that even I was entranced by these promises but finally realized they were hard to maintain, hard to upgrade, had trouble keeping their programming current with advances with base computer technology, and in many ways stifled creativity. The technology is truly great but the thought of having one single program that does everything and that everyone uses is more than a pipedream. It's a nightmare.
Greetings and blessings to all. I come to this discussion from a different angle - as a believer in Jesus Christ. I understand that others may not believe and that it’s a personal choice. But the reason I am leaving this message is to inform others of what the Bible says concerning buying and selling during the end times. From my point of view, what is happening is not just a coincidence.
“It also forced all people, great and small, rich and poor, free and slave, to receive a mark on their hands or on their foreheads, so that they could not buy or sell unless they had the mark…(Revelation 13:16-17).
Is this passage referring to a CBDC of some sort? We don’t know because this is as much information as God has given us through the Bible. But the point is that there is some type of system that will be put in place that doesn’t allow buying or selling unless you buy into the system (God calls it the mark of the beast).
There is much more that will happen in the end times per the Bible, and most of it will be horrible. The point is that, even if they’re not successful now or even in the near future, at some point they will be.
While I have much sadness about the state of the world, my hope is not in this world but rather in Jesus Christ. I hope some will find this message useful.
The Nigeria CBDC pilot program’s failure comes across as an orchestrated failure. The disregard for public sentiment, hasty adoption, and the resulting chaos is the MO of these megalomaniacs.
Their ambitious agendas seeks to test environments in order to refine their strategies for central bank digital currencies (CBDCs).
Its evident that global institutions such as the IMF and non-elected technocrats such as, the WEF are pursuing a broader agenda aimed at establishing a new banking global order. Their persistence in these endeavors suggests a determination to ensure the continuity of their influence. The malfeasance will continue, new testing grounds will emerge.
My guess is that next time, CBDC will be instituted far more incrementally without AT FIRST outlawing cash and existing digital (checks, credit cards, debit cards etc) and with virtually NO CONTROL over how the CBDC is spent and with lots and lots of time to convert fully to CBDC along with all kinds of incentives and bonuses to convert. Another trick would be to confine CBDC to welfare and social security. Then, the ratchet could be applied over years and decades.
Wonderful description on nowhere the CBDC will fail catastrophically.
Delusional is the signature of these Globalist originators as are their failing sanctions agenda. Losing the Ukraine War and shock above all the money lent to the corrupt Zelensky Regime which will be never be repaid as the Ukraine ceases to exist.
Delusional in-thinking that the life of ordinary people thrived on violence while raising their children.
The West have installed a too complex , unsatisfying , hateful rule book no one is pleased by..
Unelected , no debate, calling it democracy?
Parents are now having to protect their children from these creatures of delusion.
Don’t mess with our kids.
Sanity is so refreshing a solution to our social problems starkly contrasted to this failed social contract we see collapsing now.
Be nice to see Canada’s Central Bank restored as a lender to non profit Democracy to nourish it as the Bank did up until the 70’s with Tricky Dicky Nixon’s Gang saying and implementing our salvation through having a debt economy!
Delusional again.
Governments around the world are being exposed as nothing but incompetent gangsters every day. Name a successful IT project or any successful project run by a government.
Governments depend on co-opting individuals and markets to survive, they are incapable of thriving without the submission and active participation of the populace. Even in Europe where the population has been completely captured and brainwashed to the point of allowing the EC, a nondemocratic, dictatorial body, control of almost everything, the EC has used its power in the most hamfisted way possible, the results of which will be total collapse of the EU as an institution. Literally every policy you can think of is backwards. This is not sustainable. To think that CBDCs can be successfully implemented in this climate is a fantasy. They may implement something but it will fail spectacularly.