Central Bank Digital Currencies (CBDCs) are coming. This new form of fiat money will give central bankers and governments complete control over everyone dependent on them. But everyone needs to remember that money is a tool to value your labor. We know that inflation is part of the design, but we also know that, officially, there is virtually no purchasing power left to inflate away. And so, the next target is your principal.

Lynette has been talking about the currency reset since 2009. Well, here it is. Now you must decide how you will make this transition.

Keep in mind that central bankers know how to make this transition and “nudge” you to comply. First and foremost, they want things to “appear” as close to normal as possible and once you are inside their new system, they must eliminate any competition to their monetary monopoly. They did that with gold, and they are setting things up to do it with cryptocurrencies. Because central bankers will NEVER voluntarily give up their money monopoly.

Supporting the CBDC will be “Smart Contracts”, which are programable. When connected to a “smart grid” with assets also connected, you have immediate enforcement without delay. And if governments or central planners what to change the rules, they can simply push a button and change the smart contract. If there’s a problem, who will you call?

But make no mistake, CBDCs are a pure experiment and we are the guinea pigs.

China is the furthest along in this experiment, now on their third test issuance. By the time the digital yuan (DECP) is fully implemented, the Communist Party will have their surveillance economy completed and full control of their population.

With the push of a button, any dissidents will be controlled. If you think that can’t happen here, just look at how big tech censors’ speech these days.

Importantly, CBDCs may become the new battlefield of competition for sovereign states and we may be witnessing the transition to China as the new global financial power on the other side of this reset. They have already shown the world how to control the threat the private crypto currencies.

Since 2017, the Chinese government has abolished ICOs (Initial Coin Offerings) and clamped down on virtual currency trading within its borders and now, Mongolia has banned cryptocurrency mining and declared its intention of shutting down all crypto mining by April 2021. So, when people assume that private crypto’s are outside of government reach, they might want to rethink that assumption.

In summary, when we look at our personal monetary choices, physical gold and silver is within your control (you hold it and own it) and is completely private. Federal Reserve note (USD debt based) values. The choice is yours; remain inside the system and hope for the best or become your own banker and hold physical metals truly outside the system.

Slides

Sources

Slide 1:

https://www.bis.org/publ/othp33.pdf

Slide 2:

https://www.imf.org/en/Publications/WP/Issues/2020/06/26/A-Survey-of-Research-on-Retail-Central-Bank-Digital-Currency-49517

Slide 3:

https://www.brookings.edu/wp-content/uploads/2020/07/Design-Choices-for-CBDC_Final-for-web.pdf

Slide 4:

https://www.nasdaq.com/articles/fed-chairman-powell%3A-we-will-engage-the-public-on-the-digital-dollar-this-year-2021-02-24

https://www.coindesk.com/federal-reserve-digital-dollar-consultation

https://www.federalreserve.gov/econres/notes/feds-notes/preconditions-for-a-general-purpose-central-bank-digital-currency-20210224.htm

https://www.bloomberg.com/news/articles/2021-02-22/yellen-signals-interest-in-backing-digital-dollar-research?sref=rWFqAg1Y

Slide 5:

https://www.cnas.org/publications/reports/chinas-digital-currency

Slide 6:

https://www.cnbc.com/2021/02/08/china-to-hand-out-1point5-million-in-lunar-new-year-digital-currency-test.html

https://www.cnbc.com/2021/02/24/chinas-pboc-joins-cross-border-digital-currency-project.html

Slide 7:

https://www.nytimes.com/2021/03/01/technology/china-national-digital-currency.html

Slide 8:

https://www.livemint.com/market/cryptocurrency/bitcoin-rises-after-china-region-declares-war-on-crypto-mining-11614594266470.html

Slide 9: N/A