I’ve been warning for ages (see below) about the WEF-inspired Central Bank Digital Currency movement so beloved of the Chinese. Basically, the government wants to control every cent in an economy – and once they do that it’s a few steps from preventing your payment going through for gas because you’ve exceeded your monthly CO2 quota, or forbidding you to buy a plane ticket, or not allowing you to purchase unapproved food “for your health”. It’s called a social credit scheme and it’s alive and well in communist China.
.@TuckerCarlson: The White House Appears to Be Inducing Runs on Regional Banks to Make Way for CBDC— The Vigilant Fox 🦊 (@VigilantFox) March 14, 2023
“We know we’re about to see bank consolidation — big banks eating little banks. And that means less competition. More consolidation means more government control. So what are they… https://t.co/gdDDkYKZfr pic.twitter.com/CvFLrecQB5
“The CBDC is already a Global System…it’s already in effect and the Chinese use this system…it’s a way to control whether or not you can spend the money you earn…here’s an example…you’re at the gas station and your card is declined…but not because you don’t have money…”… https://t.co/FVvqRhNCrD pic.twitter.com/YJ8xPhCwPo— Liz Churchill (@liz_churchill8) March 12, 2023
But wait, there’s more
But there’s another issue. The fiat currency of the USA, backed by a printing press and not much more, is avoided by savvy financial people who use crypto currencies. The government hates them.
They overreached, trapped smart money in a solvent bank on a Sunday night, and blew up the entire banking system to send a message about crypto and pursue a pet CBDC project.— makesy (@0xMakesy) March 13, 2023
Buckle up, crypto is about to become a mainstream political issuehttps://t.co/syubMPaFbx pic.twitter.com/w47FwoCGOj