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.
If we give them power and assume they can do it, they can try but they wont Think Wizard of Oz scene where Toto pulls back the curtain on " the Mighty Oz"-- turns out he is a wizened tiny old man who is pulling levers. Why do people always believe govts? Question, look at your experience with how they deliver, create anything. It is generally a failure.
I guess you’ve never heard of the Erie Canal, Transcontinental Railroad, Hoover Dam, Apollo Space Program? Government can successfully accomplish a great amount of good when the right political system is running the show.
One displays a 404 message, one is in German and one is so short it explains nothing. I use almost exclusively alt media, and I never saw even one of these reports at the time.
Furthermore (i.e. on top of my comments below) Also see this:
<<
People want their money to be digital and programmable,” said Agustin Carstens, director general of the Bank for International Settlements (BIS), in a speech about the legal challenges of central bank digital currencies (CBDCs).
"Carstens' argument is based on his belief that “the current monetary system […] needs to evolve” because people want it, and “advancements in digital services highlight the inadequacies of existing systems and at the same time increase expectations of the functions of money increase".
However, the Nigerian eNaira is an example of a CBDC experiment that directly contradicts Carstens’ statements.
Polish journalist Jan M. Fijor, writing for the Mises Institute last month, reported that 99.5 percent of Nigerians voted against the eNaira in October last year, but the government introduced it anyway while reducing the availability of physical cash.
When it became clear that neither the old nor the new naira was working, people took to the streets. Shots were fired and some people died. In response to the refusal to accept their old cash, which became invalid at the end of January, people without bank accounts, legal cash or savings resorted to traditional methods: barter and commercial loans.
Owners of matches exchanged them with farmers for sweet potatoes. Soap manufacturers bartered for fuel, and small business owners extended credit terms to their suppliers. Teachers and cleaners at local schools asked their students' families for help, especially food.
Jan M. Fijor, Mises Institute, September 2023
Even the International Monetary Fund (IMF) admits that the introduction of CBDC in Nigeria was a disappointment.
.....
The IMF report “Nigeria's eNaira, One Year After,” released in May 2023, states that “public acceptance of the eNaira has been disappointingly low to date” and “despite commendably smooth operations in the first full year of the CBDC project “has not yet progressed beyond the initial wave of limited acceptance.”
.....
So when Carstens from the BIS says that people want a programmable CBDC, he is completely ignoring the situation in Nigeria, but that is just one example.
However, the Nigerian eNaira is an example of a CBDC experiment that directly contradicts Carstens’ statements.
.....
“It is simply unacceptable that unclear or outdated legal frameworks could hinder [CBDC] deployment” - Agustin Carstens, BIS, September 2023 >>
The third is indeed in German. You can also set your browser to translate those languages you dont speak. Although I do speak and understand German but to me this article appears in Chrome automatically in English.
I suggest you enter the CBDC and Nigeria phrases in the Telegram search and you will find a high number of articles on this subject.
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.
"The true purpose of a Global CBDC is not to solve the Global Debt Crisis, but to implement Global Governance."
I'd finish that sentence with "and enslave humanity."
I will at least give RFK Jr credit for calling that out when he spoke in Berlin, early on on the covid psycholoigcal warfare operation. He said a cashless society means slavery. I wonder if his continued to speak out on that now that he's on the campaign trail.
Oh, yes, I'm not a fan or follower of RFK Jr. I think he's controlled opposition and same applies to CHD. The people who rule over us knew that at some point people were going to wake up to the damage caused by the injections, especially with covid injections, so I assume they set up CHD in advance. I've even seen comments from a couple of lawyers on substack, basically questioning their approach to cases and not being impressed with them or seeing them as effective.
Also, many in the health freedom movement also see him as controlled opposition because he basically endorses the establishment narrative. Though Kennedy and CHD might have acknowledged that the PCR test was completely fraudulent (and drove the bogus case and death numbers) as the psychological operation was playing out, they subsequently memory holed that and no longer bring that up.
Alison McDowell did a great quick video on Kennedy's book and his first chapter was "Mismanaged Pandemic" - he basically promoted the establishment line, never questioning if it was a real pandemic or a PCR false positive pseudopandemic and pre-planned global military psychological warfare operation. His book NEVER mentions the bogus PCR test. Never mentions how they changed the meaning of "cases"--never before in the history of medicine has a healthy person been referred to as a "case" based on a test score. He never mentions they lied about asymptomatic transmission. Since he never writes about the scientifically fraudulent PCR test, he never has to talk about how they deliberately ran that test at 40-45 cycles to deliberately maximize false positives, etc. And he never writes about the deliberate death protocols (Remdesivir and Vents) in order to get the death count up and terrorize the population, etc. And on and on. (virus never isolated, no Koch's postulates to prove causality). So, IMO he's a total FRAUD when it comes to health freedom and many in the health community see this clearly.
I read and mainly drop comments over at the treehouse. Agree with Sundance to a degree (yes, conservative inc is trying to thwart Trump), but I don't really by that RFK will steal votes. Our elections are totally rigged. The same people who stole it last time will steal it again. But Kennedy will provide them with a cover story on why Trump loses to Biden, or whoever they choose to put in there.
CHD has been around way before covid and they did the same thing... challenge big pharma and advocate for medical choices. They're a byproduct of states like California NY Alabama etc that force mandates without religious exemptions and minimal allowed medical exemptions.
Their strategy is not as good as Del Bigtree's group who challenge the science instead of the politics/law aspect.
BTW, why are both Republicans and Democrats focusing on small voting corruption while ignoring the huge huge issue? The companies that make the voting machines can change the vote without a trace. No hacking needed, they have access to the code and it's closed source proprietary. But again, why isn't Trump calling this out?
Is the vote going to be rigged? In that case, who cares how many votes Kennedy steals from Trump?
If the first chapter is "Mismanaging a Pandemic," then YES.
Covid was nothing but fraud and deliberate mass murder and he KNOWS this.
Mark Crispin Miller constantly defends him--"oh he can't say that on the campaign trail." But given what is at stake, we need people TELLING THE TRUTH!
I haven't read the book, though I did read Ron Unz's extensive review. And apparently, according to Unz, Kennedy did tell the truth about the HIV/AID scam, basically portraying it has a hoax, which is very good if he actually got that out. Though part of me does wonder if he wrote that or someone like Celia Farber or Ken McCarthy ghost wrote that section--apparently 200 pages to it. But it's very interesting that if he supposedly understood how the HIV/AIDS scam was played, he did not extend that to covid and realize it was the same playbook. Instead for the covid section, he basically promoted the establishment line of it being a "mismanaged pandemic" (when it was mass FRAUD and deliberate mass murder with death protocols).
The point made in the article is more of the same old bullshit two party game, treating any third party as a "spoiler", as the Dems claimed with Nader in the past.
BTW, why are both Republicans and Democrats focusing on small voting corruption while ignoring the huge huge issue? The companies that make the voting machines can change the vote without a trace. No hacking needed, they have access to the code and it's closed source proprietary. But again, why isn't Trump calling this out?
Is the vote going to be rigged? In that case, who cares how many votes Kennedy steals from Trump?
So what if Kennedy takes Trump votes. Kennedy also takes left votes.
Anyway, think about this. If the Republicans didn't want Trump, they would have done like the DNC did and create superdelegates or some other bs rule.
As much as people think Kennedy is controlled op, Trump is bigger controlled op.
He pushed the operation warp speed jabs and kept Fauci and Birx while ignoring Dr Atlas who questioned the deep state. In other words Trump went with the deep state covid program which he could have demolished with the clear data driven science of Dr Atlas. Covid authoritarianism would not have been able to continue with Biden if Trump actually did something, instead of pretending that he was going to do something.
Aren't you assuming Dr. Warpspeed has anything to offer after his all around failure to deal with the PlanDemic and become the Vaxxxer in chief in chief instead?
I totally hear you on that. But I don't think he's onboard with the total destruction of the nation. And he's definitely NOT on board with the Great Reset. But even if he got in there, I'm not sure how effective he would be. Cabinet appointments have to be approved of by the corrupt psychos in the Senate--there's no way they will approve of Catherine Austin Fitts for Treasury, or a non-pharma-controlled person for HHS, NIH, CDC, FDA, etc. Same for DoD- no way anyone gets in there who isn't controlled by the MIC.
Washington is structurally corrupted to the point that is beyond redemption regardless of who is in the White House. The Federal government ln Washington operates today as an unconstitutional Central Government which it has no mandate for!
Washington has been unconstitutional since 1913 & the Wilson Government!
What I suggest is a giant overhaul centering around the Sovereign States of the American Republic!
Trump would be effective just by not signing legislation that furthers America’s decline and subordination to the UN.
More and more Americans are waking-up and realizing that the Democrats and GOP Establishment RINOs are not representing their best interests. If the 2024 Election is rigged and stolen, there might be no hope for the USA to continue as a Constitutional Republic.
If you are referring to Trump, I would remind you that Trump is not a medical doctor and has no expertise in infectious diseases and pandemics. The POTUS must depend on the advice of government-paid experts and then make decisions on how to proceed.
Good point. Only 50 years of evaluating conspiracy theories would REALLY qualify a person to be President. But, even then, he would be hamstrung by the checks and balances of the Constitution.
Keys To Unlock the Mystery Why Trump Pushed the Vaccines
A central element of the cabal strategy was to hide all treatments. The WHO ordered all governments, news media, and social media to censor, and ban information about treatments. Humanity was not allowed to have hope. Everyone had to be kept in total despair, locked down for two years, waiting for a vaccine.
Trump smashed this plan, by shouting from the rooftops there are treatments. He posted 26 tweets (!) about hydroxychloroquine, and promoted doctors who use it.
The Establishment might even be smart enough to know these insane prosecutions will strengthen him!? Not that I trust RFK Jr. either as he is an uber environmentalist, climafte change nut.
Yes, I watched Lena Petrova's videos from 6 and 7 months ago on Nigeria. At first .5% of Nigerians were willing to use them. So then Nigeria started restricting cash withdrawals, which put the Nigerian people in a more desperate situation, so more people started adopting them.
Also, I think they might be rolling them out differently in different nations. I watched a video by Rob Keinz of GoldSilverPros and he has a tech background and seems to understand how they are putting this together. He says they are building it on the existing financial infrastructure, and seemed to say that credit card companies, like Mastercard are in on it and have been working on it for years. And my recollection is that he said we might not even realize that we have been hooked in. And I definitely heard George Gammon say something quite similar, that we wouldn't even realize that we were in it.
And I believe we already have global governance--all you have to do it look at the covid response, most nations were doing exactly the same thing (lockdowns, masks, social distancing, injections).
Your article gives the false impression by extrapolation that just because Nigeria’s first experiment with a CBDC failed that the likelihood of other countries succeeding with their own CBDC is also likely to fail.
LOL! One persons "third world" country is another's developed country.
Here in Canada after 2 years of our ArriveCan Travel App to track those who did and didn't take the bioweapon created to line up testing and track their health-- it became clear that not only did it not accomplish what it wanted to, it was an administrative nightmare for the govt, the airlines and travelling Canadians. IF it was working (many times it couldn't handle the inputs and crashed) it was easily hacked as I and many of my friends/ family discovered-- easy to bypass and easy to enter any information. It was a grift for the "App" developers (costs ballooned by 100x) whom of course are friends of the sitting federal govt.
IF you spoke to a live person for any reason it was clear that they were not gov't employees but an outsourced" info centre" kind of outfit whose first language was not English nor French and you quickly realized (if they became chatty) that they got paid per person regardless of results-- ie did you complete the form or the sent to home testing-- and none of their info was checked😳. Great health protection from the evil COVID 🤣🤣🤣🤣 Gov't policy in action!!
Like the vaccine passports -- easily fraudulently copied -digitally and manually. Just a facade to seem like the Govt was doing something. So too the fate of centrally planned CBDC's-- which you saw in Nigeria, who like here in Canada have corrupt people and ordinary people just trying to hack the BS system. Think the Tax system in your country. We all have years of practicing avoidance. People are the same everywhere.😊
BTW there are many ways out of the Global Debt Crisis-- your black pill version is just one along which with the other centrally planned and administrative govt schemes above are easily hacked if they work at all.
"There’s only one way out of the Global Debt Crisis, and that’s with a Global CBDC." I agree they will not give-up on CBDC, but I disagree that they "need" CBDC. They know how to get out of a debt crisis! Cause a depression, write off all the debt, then start inflating again: they have done it over and over and can continue to do so. THEY WANT CBDC tyranny along with depopulation, transhumanism, etc etc. They don't NEED IT!
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.
I am sure they were careful about the choice of the test markets. Nigeria may have been chosen exactly because it's a smaller, less complex markets with fewer different architectures to have to harmonize and a lot of unbanked people who'd be drawn into the matrix without any past records, as a blank slate. What we have in the west - yes, more people use electronic payment apps, but they have banking records, credit scores, transaction records, loans, savings accounts, checking accounts, wire transfers, etc... Many records on different platforms with different architectures in different databases. Homogenizing all this to stuff it into a central bank monoledger is probably completely impossible. They'll probably have to crash everything, wipe the slate clean and start anew. But there's very unpredictable political and social risks with this - just like in Nigeria.
Alex, I appreciate you responding, but it is clear you misunderstood my central point(s). That was, the reason it didn't work in Nigeria is most folks there do NOT have bank accounts but they DO use payment apps on their phones. So, the implication is that the government had no way to transition the non bank folks over to the CBDC since they way the government transitioned to the DC was to replace money in bank accounts. But if someone doesn't have a bank account then there was no plan B for people to obtain and use the DC.
Also, MORE people in developing countries use payment apps than in the US. There are millions of people in countries like the US who are totally served by their CC and banking relationships that do NOT use payment apps. They don't need the payment apps to carry out financial transactions. The opposite is true in a country like Nigeria, where in order to carry out financial transactions (buy grain from an importer, equipment for a small business, etc.) they MUST use an app if they don't have a bank account.
So, the fact that almost every American household has a bank account, installing and forcing a transition to a CBDC would be EASIER here, not harder. The government could simply decree that it will replace the "cash" in folk's accounts with DC. And for cash held outside the banks, the government would say "bring it to your local bank, and we will deposit that amount in whatever account you designate." They can't do that when folks don't have a bank account to credit.
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.
Thats why it won't happen-- they will go to plan B-- like what they are doing now that the ESG investing has failed. Why or why do many of the black pills posting here think that govt is so efficient and can actualize what they/WEF want? Good god people how long have you been involved with gov'ts? -- no mistakes, no forgetting payments you made, screwing up an address or a name or ....
Not only can they not visualize it or plan it , there is no way they can administer it. Hell the Germans made mistakes using IBM computer assistance in determining who was a Jew and who wasn't in order to segregate (and kill) in WW2!!! Think! just because they want it, say it doesnt mean they get it or know how to do it!
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.
Yes that is the mode of not just the Fabian's but also the Malthusians. Matthew Ehert has great work outlining this. He too supports Alex's comments here re: the inability of govts to implement their wet dreams.
I hope they are right. I see even less awareness of the CBDCdanger than that of the vaxxx culture. Bill O'Reilly announced the other day that the danger of CBDCs is a stupid "conspiracy theory" of loons. "Just for efficiency and security of transfers."
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!
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.
Thank you - interesting feedback!
I'm sure there's a salesperson touting AI based solutions that will make all those problems go away.
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.
If we give them power and assume they can do it, they can try but they wont Think Wizard of Oz scene where Toto pulls back the curtain on " the Mighty Oz"-- turns out he is a wizened tiny old man who is pulling levers. Why do people always believe govts? Question, look at your experience with how they deliver, create anything. It is generally a failure.
I guess you’ve never heard of the Erie Canal, Transcontinental Railroad, Hoover Dam, Apollo Space Program? Government can successfully accomplish a great amount of good when the right political system is running the show.
I wonder, will western people be as resilient as their African counterparts when it comes to imagination and bartering for economic survival?
Thanks, Alex. I'm a news junkie and hadn't heard of the Nigerian experience.
For obvious reasons, they would prefer it if nobody knew.
Yes, that's what I was getting to.
Nonetheless it was all over the ALT-News space around about June-July
https://telegra.ph/How-A-CBDC-Created-Chaos--Poverty-In-Nigeria-09-29-44
https://www.centralbanking.com/central-banks/currency/digital-currencies/7958799/nigeria-cbdc-uptake-disappointingly-low-paper
But here is a recent one:
https://uncutnews.ch/die-agenda-2030-geraet-immer-mehr-unter-beschuss-so-reagiert-nigeria-auf-cbdc/
One displays a 404 message, one is in German and one is so short it explains nothing. I use almost exclusively alt media, and I never saw even one of these reports at the time.
Furthermore (i.e. on top of my comments below) Also see this:
<<
People want their money to be digital and programmable,” said Agustin Carstens, director general of the Bank for International Settlements (BIS), in a speech about the legal challenges of central bank digital currencies (CBDCs).
"Carstens' argument is based on his belief that “the current monetary system […] needs to evolve” because people want it, and “advancements in digital services highlight the inadequacies of existing systems and at the same time increase expectations of the functions of money increase".
However, the Nigerian eNaira is an example of a CBDC experiment that directly contradicts Carstens’ statements.
Polish journalist Jan M. Fijor, writing for the Mises Institute last month, reported that 99.5 percent of Nigerians voted against the eNaira in October last year, but the government introduced it anyway while reducing the availability of physical cash.
When it became clear that neither the old nor the new naira was working, people took to the streets. Shots were fired and some people died. In response to the refusal to accept their old cash, which became invalid at the end of January, people without bank accounts, legal cash or savings resorted to traditional methods: barter and commercial loans.
Owners of matches exchanged them with farmers for sweet potatoes. Soap manufacturers bartered for fuel, and small business owners extended credit terms to their suppliers. Teachers and cleaners at local schools asked their students' families for help, especially food.
Jan M. Fijor, Mises Institute, September 2023
Even the International Monetary Fund (IMF) admits that the introduction of CBDC in Nigeria was a disappointment.
.....
The IMF report “Nigeria's eNaira, One Year After,” released in May 2023, states that “public acceptance of the eNaira has been disappointingly low to date” and “despite commendably smooth operations in the first full year of the CBDC project “has not yet progressed beyond the initial wave of limited acceptance.”
.....
So when Carstens from the BIS says that people want a programmable CBDC, he is completely ignoring the situation in Nigeria, but that is just one example.
However, the Nigerian eNaira is an example of a CBDC experiment that directly contradicts Carstens’ statements.
.....
“It is simply unacceptable that unclear or outdated legal frameworks could hinder [CBDC] deployment” - Agustin Carstens, BIS, September 2023 >>
Source:
https://sociable.co/government-and-policy/people-want-money-digital-programmable-bis-cbdc/
Hi,
Here is the first one again from a different link. (My original source was from Tom Luongo's Telegram channel"
https://mises.org/wire/how-cbdc-created-chaos-and-poverty-nigeria
The second one refers to this paper below. I also just put it into Google, that was it.
https://www.imf.org/en/Publications/WP/Issues/2023/05/16/Nigerias-eNaira-One-Year-After-533487
The third is indeed in German. You can also set your browser to translate those languages you dont speak. Although I do speak and understand German but to me this article appears in Chrome automatically in English.
I suggest you enter the CBDC and Nigeria phrases in the Telegram search and you will find a high number of articles on this subject.
I hope this helps.
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?
No-- asset based backed credit
Agree with Carol Jones (see below).
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.
"The true purpose of a Global CBDC is not to solve the Global Debt Crisis, but to implement Global Governance."
I'd finish that sentence with "and enslave humanity."
I will at least give RFK Jr credit for calling that out when he spoke in Berlin, early on on the covid psycholoigcal warfare operation. He said a cashless society means slavery. I wonder if his continued to speak out on that now that he's on the campaign trail.
A caution on RFKJR:
https://theconservativetreehouse.com/blog/2023/10/06/cpac-invites-democrat-candidate-to-address-audience-rfk-jr-will-attend-hoping-to-remove-more-trump-support/
Oh, yes, I'm not a fan or follower of RFK Jr. I think he's controlled opposition and same applies to CHD. The people who rule over us knew that at some point people were going to wake up to the damage caused by the injections, especially with covid injections, so I assume they set up CHD in advance. I've even seen comments from a couple of lawyers on substack, basically questioning their approach to cases and not being impressed with them or seeing them as effective.
Also, many in the health freedom movement also see him as controlled opposition because he basically endorses the establishment narrative. Though Kennedy and CHD might have acknowledged that the PCR test was completely fraudulent (and drove the bogus case and death numbers) as the psychological operation was playing out, they subsequently memory holed that and no longer bring that up.
Alison McDowell did a great quick video on Kennedy's book and his first chapter was "Mismanaged Pandemic" - he basically promoted the establishment line, never questioning if it was a real pandemic or a PCR false positive pseudopandemic and pre-planned global military psychological warfare operation. His book NEVER mentions the bogus PCR test. Never mentions how they changed the meaning of "cases"--never before in the history of medicine has a healthy person been referred to as a "case" based on a test score. He never mentions they lied about asymptomatic transmission. Since he never writes about the scientifically fraudulent PCR test, he never has to talk about how they deliberately ran that test at 40-45 cycles to deliberately maximize false positives, etc. And he never writes about the deliberate death protocols (Remdesivir and Vents) in order to get the death count up and terrorize the population, etc. And on and on. (virus never isolated, no Koch's postulates to prove causality). So, IMO he's a total FRAUD when it comes to health freedom and many in the health community see this clearly.
I read and mainly drop comments over at the treehouse. Agree with Sundance to a degree (yes, conservative inc is trying to thwart Trump), but I don't really by that RFK will steal votes. Our elections are totally rigged. The same people who stole it last time will steal it again. But Kennedy will provide them with a cover story on why Trump loses to Biden, or whoever they choose to put in there.
CHD has been around way before covid and they did the same thing... challenge big pharma and advocate for medical choices. They're a byproduct of states like California NY Alabama etc that force mandates without religious exemptions and minimal allowed medical exemptions.
Their strategy is not as good as Del Bigtree's group who challenge the science instead of the politics/law aspect.
BTW, why are both Republicans and Democrats focusing on small voting corruption while ignoring the huge huge issue? The companies that make the voting machines can change the vote without a trace. No hacking needed, they have access to the code and it's closed source proprietary. But again, why isn't Trump calling this out?
Is the vote going to be rigged? In that case, who cares how many votes Kennedy steals from Trump?
Who is CHD?
I did find RFKJR’s book on Fauci to be enlightening.
Is this the book you are referring to?
The Real Anthony Fauci: Bill Gates, Big Pharma, and the Global War on Democracy and Public Health (Children’s Health Defense)
https://a.co/d/5TJQX3w
Children's Health Defense.
If the first chapter is "Mismanaging a Pandemic," then YES.
Covid was nothing but fraud and deliberate mass murder and he KNOWS this.
Mark Crispin Miller constantly defends him--"oh he can't say that on the campaign trail." But given what is at stake, we need people TELLING THE TRUTH!
I haven't read the book, though I did read Ron Unz's extensive review. And apparently, according to Unz, Kennedy did tell the truth about the HIV/AID scam, basically portraying it has a hoax, which is very good if he actually got that out. Though part of me does wonder if he wrote that or someone like Celia Farber or Ken McCarthy ghost wrote that section--apparently 200 pages to it. But it's very interesting that if he supposedly understood how the HIV/AIDS scam was played, he did not extend that to covid and realize it was the same playbook. Instead for the covid section, he basically promoted the establishment line of it being a "mismanaged pandemic" (when it was mass FRAUD and deliberate mass murder with death protocols).
Carroll Quigley mentioned the Issue many years ago!
The Globalists seek a World order built around Central Banks.
This world will be a High Tech Feudal System.
The catch is that no feudal system,high tech or not,can function with a Global Population of 8 Billion as we have today!
The bankers want to murder 3/4 of the worlds population to fit the needs of their future society.They need to kill off 6 billion people!
This is where the virus' comes in!
Vast epidemics to kill billions of people!
I highly recommend you actually read the book and not rely upon other’s interpretations of what RFKJR wrote.
The point made in the article is more of the same old bullshit two party game, treating any third party as a "spoiler", as the Dems claimed with Nader in the past.
BTW, why are both Republicans and Democrats focusing on small voting corruption while ignoring the huge huge issue? The companies that make the voting machines can change the vote without a trace. No hacking needed, they have access to the code and it's closed source proprietary. But again, why isn't Trump calling this out?
Is the vote going to be rigged? In that case, who cares how many votes Kennedy steals from Trump?
So what if Kennedy takes Trump votes. Kennedy also takes left votes.
Anyway, think about this. If the Republicans didn't want Trump, they would have done like the DNC did and create superdelegates or some other bs rule.
As much as people think Kennedy is controlled op, Trump is bigger controlled op.
He pushed the operation warp speed jabs and kept Fauci and Birx while ignoring Dr Atlas who questioned the deep state. In other words Trump went with the deep state covid program which he could have demolished with the clear data driven science of Dr Atlas. Covid authoritarianism would not have been able to continue with Biden if Trump actually did something, instead of pretending that he was going to do something.
Aren't you assuming Dr. Warpspeed has anything to offer after his all around failure to deal with the PlanDemic and become the Vaxxxer in chief in chief instead?
I totally hear you on that. But I don't think he's onboard with the total destruction of the nation. And he's definitely NOT on board with the Great Reset. But even if he got in there, I'm not sure how effective he would be. Cabinet appointments have to be approved of by the corrupt psychos in the Senate--there's no way they will approve of Catherine Austin Fitts for Treasury, or a non-pharma-controlled person for HHS, NIH, CDC, FDA, etc. Same for DoD- no way anyone gets in there who isn't controlled by the MIC.
Fighting the wrong battle!
Washington is structurally corrupted to the point that is beyond redemption regardless of who is in the White House. The Federal government ln Washington operates today as an unconstitutional Central Government which it has no mandate for!
Washington has been unconstitutional since 1913 & the Wilson Government!
What I suggest is a giant overhaul centering around the Sovereign States of the American Republic!
Trump would be effective just by not signing legislation that furthers America’s decline and subordination to the UN.
More and more Americans are waking-up and realizing that the Democrats and GOP Establishment RINOs are not representing their best interests. If the 2024 Election is rigged and stolen, there might be no hope for the USA to continue as a Constitutional Republic.
If you are referring to Trump, I would remind you that Trump is not a medical doctor and has no expertise in infectious diseases and pandemics. The POTUS must depend on the advice of government-paid experts and then make decisions on how to proceed.
Trump’s Accomplishments:
https://trumpwhitehouse.archives.gov/trump-administration-accomplishments/
Trump’s Agenda 47:
https://www.donaldjtrump.com/agenda47
https://www.larouchepac.com/trump_s_agenda_47
Good point. Only 50 years of evaluating conspiracy theories would REALLY qualify a person to be President. But, even then, he would be hamstrung by the checks and balances of the Constitution.
Keys To Unlock the Mystery Why Trump Pushed the Vaccines
A central element of the cabal strategy was to hide all treatments. The WHO ordered all governments, news media, and social media to censor, and ban information about treatments. Humanity was not allowed to have hope. Everyone had to be kept in total despair, locked down for two years, waiting for a vaccine.
Trump smashed this plan, by shouting from the rooftops there are treatments. He posted 26 tweets (!) about hydroxychloroquine, and promoted doctors who use it.
Continue reading article……
https://stopworldcontrol.com/trumpkeys/
The Establishment might even be smart enough to know these insane prosecutions will strengthen him!? Not that I trust RFK Jr. either as he is an uber environmentalist, climafte change nut.
Yes, I watched Lena Petrova's videos from 6 and 7 months ago on Nigeria. At first .5% of Nigerians were willing to use them. So then Nigeria started restricting cash withdrawals, which put the Nigerian people in a more desperate situation, so more people started adopting them.
Also, I think they might be rolling them out differently in different nations. I watched a video by Rob Keinz of GoldSilverPros and he has a tech background and seems to understand how they are putting this together. He says they are building it on the existing financial infrastructure, and seemed to say that credit card companies, like Mastercard are in on it and have been working on it for years. And my recollection is that he said we might not even realize that we have been hooked in. And I definitely heard George Gammon say something quite similar, that we wouldn't even realize that we were in it.
And I believe we already have global governance--all you have to do it look at the covid response, most nations were doing exactly the same thing (lockdowns, masks, social distancing, injections).
William, perhaps try not to be so patronizing.
Please elaborate....
"Alex, wake up, you’re dreaming." - you wrote that, right?
I wrote it and I meant it.
Can you tell the difference between your article on Nigeria’s CBDC experiment and the following article?
https://www.globalresearch.ca/cbdc-created-chaos-poverty-nigeria/5834568
Your article gives the false impression by extrapolation that just because Nigeria’s first experiment with a CBDC failed that the likelihood of other countries succeeding with their own CBDC is also likely to fail.
OK then stay rude, I've no interest in this kind of discussion.
Don’t pout and runaway!
Defend your article by explaining your motive for writing it.
Then explain your defense of Comrade Xi Jinping and your defense of UN Agenda 2030.
LOL! One persons "third world" country is another's developed country.
Here in Canada after 2 years of our ArriveCan Travel App to track those who did and didn't take the bioweapon created to line up testing and track their health-- it became clear that not only did it not accomplish what it wanted to, it was an administrative nightmare for the govt, the airlines and travelling Canadians. IF it was working (many times it couldn't handle the inputs and crashed) it was easily hacked as I and many of my friends/ family discovered-- easy to bypass and easy to enter any information. It was a grift for the "App" developers (costs ballooned by 100x) whom of course are friends of the sitting federal govt.
IF you spoke to a live person for any reason it was clear that they were not gov't employees but an outsourced" info centre" kind of outfit whose first language was not English nor French and you quickly realized (if they became chatty) that they got paid per person regardless of results-- ie did you complete the form or the sent to home testing-- and none of their info was checked😳. Great health protection from the evil COVID 🤣🤣🤣🤣 Gov't policy in action!!
Like the vaccine passports -- easily fraudulently copied -digitally and manually. Just a facade to seem like the Govt was doing something. So too the fate of centrally planned CBDC's-- which you saw in Nigeria, who like here in Canada have corrupt people and ordinary people just trying to hack the BS system. Think the Tax system in your country. We all have years of practicing avoidance. People are the same everywhere.😊
BTW there are many ways out of the Global Debt Crisis-- your black pill version is just one along which with the other centrally planned and administrative govt schemes above are easily hacked if they work at all.
"There’s only one way out of the Global Debt Crisis, and that’s with a Global CBDC." I agree they will not give-up on CBDC, but I disagree that they "need" CBDC. They know how to get out of a debt crisis! Cause a depression, write off all the debt, then start inflating again: they have done it over and over and can continue to do so. THEY WANT CBDC tyranny along with depopulation, transhumanism, etc etc. They don't NEED IT!
"THEY WANT CBDC tyranny along with depopulation, transhumanism, etc etc. They don't NEED IT!"
Agree 100%!!
I have no idea what they are up to with transhumanism- they are absolute psychopaths!
Even before Nigeria, in 2016, President Modi, in India attempted to demonitize large denomination bank notes. That didn't work out well, either.
https://www.bbc.com/news/world-asia-india-37974423
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.
I am sure they were careful about the choice of the test markets. Nigeria may have been chosen exactly because it's a smaller, less complex markets with fewer different architectures to have to harmonize and a lot of unbanked people who'd be drawn into the matrix without any past records, as a blank slate. What we have in the west - yes, more people use electronic payment apps, but they have banking records, credit scores, transaction records, loans, savings accounts, checking accounts, wire transfers, etc... Many records on different platforms with different architectures in different databases. Homogenizing all this to stuff it into a central bank monoledger is probably completely impossible. They'll probably have to crash everything, wipe the slate clean and start anew. But there's very unpredictable political and social risks with this - just like in Nigeria.
Alex, I appreciate you responding, but it is clear you misunderstood my central point(s). That was, the reason it didn't work in Nigeria is most folks there do NOT have bank accounts but they DO use payment apps on their phones. So, the implication is that the government had no way to transition the non bank folks over to the CBDC since they way the government transitioned to the DC was to replace money in bank accounts. But if someone doesn't have a bank account then there was no plan B for people to obtain and use the DC.
Also, MORE people in developing countries use payment apps than in the US. There are millions of people in countries like the US who are totally served by their CC and banking relationships that do NOT use payment apps. They don't need the payment apps to carry out financial transactions. The opposite is true in a country like Nigeria, where in order to carry out financial transactions (buy grain from an importer, equipment for a small business, etc.) they MUST use an app if they don't have a bank account.
So, the fact that almost every American household has a bank account, installing and forcing a transition to a CBDC would be EASIER here, not harder. The government could simply decree that it will replace the "cash" in folk's accounts with DC. And for cash held outside the banks, the government would say "bring it to your local bank, and we will deposit that amount in whatever account you designate." They can't do that when folks don't have a bank account to credit.
Thanks,
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!
Thank you!
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.
Thank you! 😊
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.
Thats why it won't happen-- they will go to plan B-- like what they are doing now that the ESG investing has failed. Why or why do many of the black pills posting here think that govt is so efficient and can actualize what they/WEF want? Good god people how long have you been involved with gov'ts? -- no mistakes, no forgetting payments you made, screwing up an address or a name or ....
Not only can they not visualize it or plan it , there is no way they can administer it. Hell the Germans made mistakes using IBM computer assistance in determining who was a Jew and who wasn't in order to segregate (and kill) in WW2!!! Think! just because they want it, say it doesnt mean they get it or know how to do it!
True, but as they screw things up while trying to create utopia, they cause vast physical damage. That is indeed something to be afraid of.
Worse is that such systems will inevitably if not immediately be controlled by the worst people imaginable.
I'd say immediately.
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.
Evident? how??
You follow Matt Ehret correct ?
Yes.
yes
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.
Maybe, a guess yes, but it still wont work for all the reasons Alex has outlined.
Why? The frog boils if you turn up the heat slowly promising good results with each movement of the ratchet. The Fabian Society proved that.
Yes that is the mode of not just the Fabian's but also the Malthusians. Matthew Ehert has great work outlining this. He too supports Alex's comments here re: the inability of govts to implement their wet dreams.
I hope they are right. I see even less awareness of the CBDCdanger than that of the vaxxx culture. Bill O'Reilly announced the other day that the danger of CBDCs is a stupid "conspiracy theory" of loons. "Just for efficiency and security of transfers."
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.