The Scourge of Central Bank Digital Currencies (CBDCs) 

by Stephen Lendman

Will a supranational digital currency replace the US dollar ahead?

Will paper currencies disappear in the US/West and elsewhere?

Dollar debasement is a step toward resetting the monetary system.

It's been in the works for years.

If implemented, ruling regimes will have knowledge about and be able to control monetary transactions.

At their discretion, they'll be able to block targeted individuals or groups from making them.

They'll be able to impose onerous fees and negative interest rates to tax savings.

They could ration or otherwise restrict purchases.

They could confiscate savings with a computer keyboard click.

According to house of Rothschild founder long ago, Amschel Rothschild:

"Permit me to issue and control the money of a nation, and I care not who makes its laws."

Former Bank of England director, Josiah Stamp, once said:

"Banking was conceived in iniquity and was born in sin."

"(B)ankers own the earth." 

"Take it away from them, but leave them the power to create money, and with the flick of the pen they will create enough deposits to buy it back again."

"However, take it away from them, and all the great fortunes like mine will disappear and they ought to disappear, for this would be a happier and better world to live in." 

"But, if you wish to remain the slaves of bankers and pay the cost of your own slavery, let them continue to create (and control) money." 

And this reality check from historian Carroll Quigley in his book, titled "Tragedy and Hope," explaining:

"(T)he powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole." 

The US Federal Reserve isn't federal and has no reserves.

It's owned and controlled by JP Morgan Chase, B of A, Wells Fargo, Citibank, Goldman Sachs and other banking giants.

CBDCs are a despot's dream.

Along with nuclear war, pestilence and famine, they'll threaten the lives, rights and survival of millions and billions of people where the scourge is implemented. 

What little remains of greatly eroded freedoms will disappear.

Yet their implementation ahead looks virtually certain.

It'll be sold to the unsuspecting public by well-planned, MSM-supported, mass deception — similar to how most people were mind-manipulated to self-inflict irreparable harm from kill shots and all else flu/covid.

When pushed hard enough with MSM support, most people believe almost anything — no matter how often they were fooled before.

Yet along with all things flu/covid, CBDCs will be another mother of all state-sponsored scams — the greatest financial scam of all time.

Greater social control will be instituted.

The great wealth transfer from most people to the privileged few will accelerate.

On Tuesday, Reuters reported the following:

"Global banking giants are starting a 12-week digital dollar pilot with the Federal Reserve Bank of New York" — the dominant one as the nation's largest.

"Citigroup, HSBC Holdings, Mastercard and Wells Fargo are among the financial companies participating in the 'experiment' alongside the New York Fed's (so-called) innovation center."

What's going on has nothing to do with "speeding up settlement time in currency markets" as NY Fed official, Michelle Neal, falsely claimed.

It's all about what's explained above.

The so-called 12-week test is cover for what's planned — digitizing the dollar ahead.

Some congressional members oppose the scheme — too few to stop the diabolical scheme.

On September 29, GOP Senator James Lankford  introduced the No Digital Dollar Act.

It prohibits the US Treasury and Federal Reserve from interfering with the ability of Americans to use paper currency if a digital version is adopted.

According to Lankford:

"Oklahomans have expressed to me their concern that the Treasury could phase out paper money and transition to a digital dollar."

"While some Oklahomans are open to digital currencies, many still prefer hard currency or at least the option of" using it. 

"There is no reason we can't continue to have paper and digital money in our nation and allow the American people to decide how to carry and spend their own money." 

"Americans should not have to worry about every transaction in their financial life being tracked or their money being deleted." 

"There is currently no federal statute that prohibits the Treasury from only having a digital currency." 

Unlike bitcoin and other cryptocurrencies, "CBDCs are issued and backed by the government."

If they replace the dollar and other paper currencies, what'll follow will exceed the worst of what Orwell and Huxley imagined.

"Digital money is the ultimate power of tyranny," Paul Craig Roberts explained.

Its aim is total control over our lives.

Without paper currency to use as we wish, financial sovereignty is lost, along with what little remains of an open, free and fair society.

It's coming because resistance against what no one should accept is lacking — and with it, the worst of all possible worlds.