Food for Thought #741

 

Sauron The Technocrat: One Digital Wallet To Rule Them All

 The elite are already running large-scale pilot schemes for the future they want and we don’t. They are not being subtle about this. They are not hiding it.

The plan is a single government-issued app that holds your medical records, employment records, travel records, education records, vaccination records, tax records, financial records as well as (potentially) copies of your signature, fingerprints, facial scans, voice samples and DNA.

All stored handily on your phone…and shared with the governments of nineteen countries (plus Ukraine) and over 140 other public and private partners. Everyone from Deutsche Bank to the Ukrainian Ministry of Digital Progress to Samsung Europe.

You will use this app to make payments, apply for loans, pay your taxes, pick up your prescriptions, cross international borders, start businesses, book doctor’s appointments, apply for jobs and even sign digital contracts online.

Businesses and government agencies would access this data from the back-end to conduct “automated background checks”.

The German Federation of Consumer Organizations (Verbraucherzentrale Bundesverband, VZBZ) has raised concerns that such an app would “pose privacy and data risks”, to which the only response is “duh, that’s what it’s for!”.

None of this a hypothetical, by the way. It’s Potential.

Just one of the pilot schemes “building prototypes and testing use-cases” for the European Digital Identity (EUDI) Wallet, there are three others at least.

This is the latest development in a roll-out dating back to the birth of Covid and beyond, with the EUID wallet being touted since 2021....<<<Read More>>>....

Bank of England to Open “Digital Pound Lab”

 The Bank of England announced yesterday that they will be launching a “digital pound lab” to “experiment” with different “use-cases” and set-ups of the UK’s planned Central Bank Digital Currency (CBDC).

This signals the end of the “consultation and response phase” and the beginning of the “design phase”, according to the BoE’s website.

This is the first real news on the digital currency front for some time.

In fact, after an action-packed 2023 saw at least 135 of the world’s 197 nation states developing a digital currency, things have been eerily quiet on that front. Some nations – including Japan and Canada – have paused or even entirely scrapped CBDC development.

Even the Bank of England’s announcement of the lab contains much softer language than the previously energetic and enthusiastic endorsements of digital currency. Noting the CBDC would be “used alongside banknotes” instead of replacing them, and that “No decision has been made on whether to proceed with a digital pound.”...<<<Read More>>>...

ECB is looking forward to 2025 with the development of the digital euro and the accompanying EU legislation

 On the first day of the new year, Lagarde posted a video message announcing that the development of the European Union’s central bank digital currency (“CBDC”) – the digital euro – was in phase 2 and the ECB is “expecting legislation.”

“Another significant development on the horizon is our digital euro. We are in the preparation phase and we are expecting European legislation,” she said. “Once that is done, we will decide whether we move forward with developing a digital form of cash.”

Lagarde wished those who watched her video a “very, very great start to 2025.” Well, the ECB’s aspirations, as she described them, begin the year on a very, very bad note and in wishing Europeans well she is speaking with a forked tongue. Take for example the two blatant lies Lagarde told in her message.

Firstly, they would not be legislating for a digital euro if they were not intending to “move forward” with the agenda. So, it’s not a case of deciding “whether” to move forward but rather the decision has already been made.

Secondly, CBDCs are not a “digital form of cash.” They are tokens which can be programmed to be used only for certain items or services and to expire – much like a gift voucher system which retailers use. Vouchers are for a specific amount to be used on specific items or in specific retailers and expire within a specified time; the retailer’s rules and conditions apply. It is because of the programmable and centralised nature of CBDCs that they will be used to control who can buy or sell what, when and where; the central bank’s rules and conditions will apply...<<<Read More>>>...

The UK government and corporate media’s blatant propaganda in an attempt to convince the public that digital IDs will benefit them

 The UK government, led by Prime Minister Keir Starmer, is intensifying its push for a digital identity system, with the launch of the Office for Digital Identities and Attributes and its Digital Identity and Attributes Trust Framework (“DIATF”).

The government and media are promoting digital identity as a convenient and efficient solution, with Tony Blair and other proponents touting its potential benefits, but ignoring concerns about privacy and potential risks.

The digital ID system could lead to increased surveillance and control and is likely to be tied to Central Bank Digital Currencies (CBDCs), which would require a government-backed digital identity system.

After avoiding the issue for years, the legacy media are now trying to manufacture public complacency and consent for the government’s digital identity – and by extension, CBDC – agenda.

On 5 July, the day Keir Starmer became UK prime minister, we wagered that a Starmer government would intensify the push to roll out a digital identity system in the UK – a country that has, until now, resisted all recent attempts to introduce an identity card system, including, most notably, by Starmer’s backroom consultant and mentor, Tony Blair.

Unfortunately, that prediction has proven to be pretty much on the money. Since taking office, the Starmer government has:  

Launched the new Office for Digital Identities and Attributes, with the task of overseeing the country’s digital ID market. As of 28 October, almost 50 organisations with DIATF-certified services had been added to the office’s register.

Pledged to roll out a digital ID card for army veterans. As in the US, the UK government is also looking to launch a digital driving license by next year.

Announced plans to introduce digital ID legislation for age verification purposes, meaning that young people will soon be able to use digital ID wallets on their phones to prove they are over 18 when visiting pubs, restaurants and shops....<<<Read More>>>...

Bank of England set to introduce Digital Pound, pushing citizens toward a future of surveillance and control

 As life in the United Kingdom descends to the kind of oligarchical tyranny that once marred its landscape, the Bank of England is set to roll out the digital pound, a central bank digital currency (CBDC) that promises to be the ultimate surveillance tool. This move, coupled with the UK government's recent publication of its National Payments Vision, marks a significant step toward a financial system where every transaction is meticulously recorded, monitored, and controlled.

The Bank of England’s claims of "privacy, not anonymity" ring hollow in the face of the massive data collection that will be enabled by the digital pound. According to the BoE-MIT paper, "Enhancing the Privacy of a Digital Pound," the digital currency will still allow for the collection and accessibility of payment and identity data by law enforcement and other authorities. The government's assurance that this data will be regulated under legislation is little solace, given the potential for abuse and data breaches.

The implementation of privacy-enhancing technologies (PETs) like pseudonymization and zero-knowledge proofs may provide some semblance of security, but these measures are fraught with their own set of risks.

The UK government’s intention to continue the design phase for the digital pound is not just a technical endeavor but a deliberate move to build a society where independent financial transactions are increasingly monitored and restricted. The very idea that individuals would have more control over their data is absurd, given the central bank's direct access and the inevitable dependencies on government-mandated systems...<<<Read More>>>...

The Dangers of a Cashless Society: Why Cash is Essential for Personal Freedom and Financial Awareness

 The push towards a cashless society is gaining momentum, promising greater convenience and ease. However, beneath the surface of this cashless revolution lies a significant threat to our financial autonomy, sovereignty, and personal well-being. As governments and big businesses worldwide push us away from cash, many are left unaware of the hidden consequences of this shift. This article explores why cash remains an essential tool for maintaining financial freedom.

Cash is more than just a form of payment. Recent research from the University of Surrey reveals that physical money fosters a deep psychological connection to our spending habits, something digital payments cannot replicate.

When we handle cash, we engage with it physically. The feeling of the notes in our hands, counting them, and even the smell of the paper create an emotional connection. This connection serves as a constant reminder of the value of money and helps regulate our spending...<<<Read More>>>...

CBDC programs failing in U.S. and other “Five Eyes” nations

 The future of central bank digital currencies (CBDCs) is in jeopardy as Canada, Australia, and other "Five Eyes" nations abandon their CBDC schemes.

While around 90 countries and currency unions are currently exploring how to unleash CBDC programs as a cashless replacement for the existing fiat scheme, the United States is about to become the first country in the world to ban all central bank-controlled CBDCs.

Back in May, the U.S. House of Representatives passed House Resolution 5403, known as the "CBDC Anti-Surveillance State Act, to prohibit the private Federal Reserve from issuing CBDCs. First introduced in September 2023 and sponsored by Sen. Ted Cruz (R-Tex.), HR 5403 would amend the Federal Reserve Act, protect the right of financial privacy, and stop the U.S. government from "weaponizing their financial system against their own citizens."...<<<Read More>>>....

Trump vows to BAN central bank digital currencies: “There will never be a CBDC while I am president”

 Former President Donald Trump has reiterated that, when he wins his second term in the White House, he will ban central bank digital currencies (CBDCs) in the United States.

He made his stance clear once again during a speech on Saturday, July 27, at the Bitcoin Conference 2024 in Nashville, Tennessee, saying: "There will never be a CBDC while I am president."

This statement echoes his previous comments on the matter, where he has consistently expressed strong opposition to the idea of a CBDC. He believes that such a currency would give the government too much control over people's money and could potentially lead to financial tyranny.

Trump added that he will defend the right of cryptocurrency owners for self-custody and to create a framework for the expansion of stablecoins, or cryptocurrencies whose values are pegged to reference assets, in this case, the U.S. dollar. Trump believes creating such a framework will expand the dominance of the U.S. dollar...<<<Read More>>>...

Tesco shoppers' fury as supermarket giant introduces new high-tech cabinets to lock alcohol away to stop thieves - forcing customers to complete four-stage process for access

 Welcome to communist Britain. Next it will be meats and dairy products and all other food goods. 'We've done this to prevent the theft of alcohol.' Yeah right .... create the problem (Alcohol theft) ... build these cabinets (Which they've had for decades hidden out of sight) ... their solution.

Next meats .... create problem (Meat scarcity and rising food prices) .... people will be forced to pinch meat to survive (The Reaction) .... 'we need to now lock up meats to prevent theft' (The Solution).

Then slowly IF or when the CBDC arrives they can then control who can eat certain things by a credit score. These cabinets will enable that. No prizes for guessing what software will already be on these cabinet screen chips? 

Some of us see right through their nasty schemes!

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Tesco has installed artificial intelligence-style locked security cabinets in the alcohol aisles to stop shoplifters nicking booze.

The technology works by asking shoppers to use a digital touchscreen and complete a 'four-step process' to open the cabinets, which contain premium spirits.

Believed to be called the Freedom Case, the anti-thieving gadgetry has the ability to track when items have been removed, how often the cabinet has been opened and for how long.

It can also send alerts to staff if 'suspicious behaviour' is detected.

The process is similar to a glorified doorbell, where shoppers touch a screen, which is answered by security and the cabinet opens.

Makers Indyme say the unit uses AI and built-in sensors to identify potential thefts. 

But Tesco denies facial recognition or the taking of photos is used to operate the cabinets.

It is understood to have been rolled out across a handful of larger Tesco stores, including Purley, Croydon, south London. 

Premium products such as olive oil have also been slapped with security tags, with brazen crooks strolling out of stores after filling their bags with unpaid-for groceries....<<<Read More>>>...

Is it Too Late to Escape From the Tyranny of Central Digital Control?

In an increasingly cashless society and with the Government pushing ahead with a Central Bank Digital Currency (CBDC), offering the state total surveillance possibilities combined with the potential for “programming” money to be used only in certain ways, the issue of financial surveillance and control is only going to become more urgent. 

And all this even without Tony Blair again popping up to float mandatory Digital ID cards as the cure-all, this time for immigration. 

You don’t have to think very hard to see the potential of a mandatory, centralised digital ID system run by the state to be the precursor to a Chinese-style “social credit” system. Indeed, we had a primitive version of such a system during Covid in the shape of vaccine passports, which controlled our access to parts of society based on our willingness – or not – to follow the state’s “recommendations”. You can throw in pay-per-mile road user charging (which can only mean information gathered about your every movement), a dollop of psychological “nudge” theory and technocratic management by algorithm while you’re at it. It doesn’t take a genius to see the dangers of this emerging panopticon combined with Blair’s “one Government ID to rule them all”....<<<Read More>>>....

Australia sets a date to achieve the first goal of The Great Reset – nationwide digital IDs

 And so we sit with our popcorn watching what had been planned in the great pantomime ....

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Australia has become the latest country to delve head-first into the first goal of The Great Reset, which is to digitise its citizens.

When digitised identities get matched with central bank digital currencies, it’s game over for freedom of thought, movement, etc. All human behaviour will be monitored, assessed and scored 24/7.

The Australian government recently announced it has set 1 July as the tentative rollout date for its nationwide digital ID. The exact date will depend on the timing of its legislation which is due to be adopted by the federal parliament.

The UK has made similar plans, which were made public last year in a document titled ‘Enabling the Use of Digital Identities in the UK’.

Ethiopia, Nigeria, China, the European Union and a host of other countries are in the process of digitising their citizenry....<<<Read More>>>...

The road to the New World Order runs through Ukraine

 Ukraine may be at war, writes Leo Hohmann, but that isn’t stopping it from playing a leading role in the digitisation of the global economy.

In a recent article, Hohmann highlighted the World Economic Forum’s (“WEF’s”) role in fully digitising Ukraine’s citizenry and establishing a Centre for the Fourth Industrial Revolution in the country.

Before we get to Hohmann’s article, we have given a brief overview demonstrating how it is not only WEF that is involved in this nefarious plan – it is a global public-private partnership.

In November 2022, UK Member of Parliament and Trade Secretary Kemi Badenoch met in London with Ukrainian officials to agree on a “ground-breaking digital trade deal” called the Digital Trade Agreement (“DTA”).

The DTA will “deliver greater compatibility and interoperability between digital identity systems in the UK and Ukraine,” according to the UK’s Department of International Trade. In return, the DTA will allow Ukrainians to access financial services.

It’s unclear whether the UK’s digital trade agreements fall under agreements managed by international organisations, such as the World Bank, and the Government website states repeatedly that they are to enhance British trade, i.e., national interests. However, there clearly is a global element to the UK’s digital trade approach...<<<Read More>>>...

Worldcoin CEO: Global digital currency tied to global digital ID will soon be required ‘whether you like it or not’

This is more Mainstream media lies to catch the unwary sheeples who will believe this propaganda and shit themselves. 

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I’ve been saying for nearly three years now that the beast system is based on the world’s people accepting two technological components offered up by the Luciferian globalist elites: A globally recognized digital ID to replace the cards in your wallet and a globally recognized digital money to replace the cash in your wallet. The two together will comprise the foundation of the punitive global beast system.

In a trip to Slay News, we learned the following today:

The CEO of Worldcoin has warned that a global digital ID system will be ushered in for citizens around the world whether they “like it or not.”

Worldcoin has developed a system that it pitches as “the world’s largest identity and financial public network.”

Essentially, the company has created a database that links digital cash, or Central Bank Digital Currencies (CBDCs), with a digital identity system.

The company has created its own form of digital money called the Worldcoin token (WLD).

Linked to WLD is another of Worldcoin’s products – World ID.

World ID is a digital identity system that collects biometric data for individuals and holds it in a database that links to WLD transactions.

WLD and World ID are connected and accessed via the company’s World App.

When it’s all in place and no longer “voluntary,” these technologies will be used to create and enforce 15-minute cities, says Christine Anderson, a member of the E.U. Parliament from Germany. ...<<<Read More>>>....

IMF unleashes Unicoin, a new global CBDC intended to enslave the entire planet under a one world digital currency

 FEAR NARRATIVE WARNING - pinch of salt thrown over shoulder. Don't buy the narrative and don't consent. It will make the crazy globalists powerless. Remember you have the power and by complying with the crazies, you are giving them your power. They have none.

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The powers that be are working feverishly to unleash a new central bank-controlled cryptocurrency for the new world order, and one viable contender is the International Monetary Fund’s (IMF) new Unicoin Central Bank Digital Currency (CBDC).

At the recent IMF spring meetings, the globalists unveiled their new “international central bank digital currency” called the Universal Monetary Unit, or UMU. The crypto coin functions just like a CBDC and serves as a legal and global money commodity.

“The purpose of this particular iteration of a CBDCs is to make sure banking regulations are enforced, as well as to protect ‘the financial integrity of the international banking system,'” reported Reclaim the Net.

Banks can use Unicoin via SWIFT codes and bank accounts that are linked to a UMU digital wallet. This will facilitate digital cross-border payments modeled after the existing SWIFT system, and the IMF says it will allow for the best wholesale exchange rates of settlement currencies along with real-time settlement “while bypassing the correspondent banking system.”...<<<Read More>>>...

Food For Thought #501

 

The Biggest Threat To Our Freedom

 Central Bank Digital Currencies are already here, and they present the biggest threat to our freedom. Let's look closely to understand how this works.

A Central Bank Digital Currency, also known as a CBDC, is a new form of digital money similar to a cryptocurrency. But unlike cryptocurrencies which are decentralized and private, CBDCs are not at all. They are instead the total opposite of cryptocurrency.

CBDCs are completely owned and controlled by governments. Meaning governments would hold your wallet, your money, and have access to all of your banking information. This would include information on every transaction in your daily life. It’s ultimate centralization.

With cryptocurrencies, governments can’t track how much you have, where you spend your money, or who you give it to. Plus they are decentralized, effectively pulling power away from central banks who have been using debt to control and enslave entire populations for decades.

With upcoming CBDCs, governments would enjoy more secrecy, and be able to control their population more than they currently do. CBDCs would also be easier to tax, since hiding any money from the government would be impossible.

Remember, central banks ARE the problem, and have been for decades. Crypto was created to stop this problem, yet they have gotten a bad rep because they don’t serve the interests of powerful people....<<<Read More>>>...

Central banking continues to fail

The Federal Reserve, or the United States central bank, continues to show why totalitarian control over anything, especially a money supply, is little more than slavery. Sadly, too many are still stuck not only believing the myth of “authority” but are caught up in the slave system so fully that they cannot even imagine not having a master.

According to a report by CNN, the shocking implosion of Silicon Valley Bank should not deter the Federal Reserve from its war on inflation, according to former FDIC and Fed official Thomas Hoenig.

“The Federal Reserve is in the hot seat. It’s a no-win situation for them,” Hoenig, the former vice chair of the Federal Deposit Insurance Corporation, told CNN in a phone interview on Monday.

As Gregory Mannarino said that parading Joe Biden out to sell the public another lie about how strong the economy is, is going to do more harm than good....<<<Read More>>>...

Silicon Valley Bank has now collapsed, and 95% of deposits were uninsured

  Silicon Valley Bank, a commercial bank that prefers to cater to Big Tech companies and Silicon Valley startups, is on the verge of collapse. Its stocks have plunged amid a cash burn, and investors are now advising tech firms to pull all of their money out before it’s too late. (UPDATE: The bank has now collapsed and has been taken over by California regulators. A reported 95% of deposits were not insured by FDIC.)

The bank’s stocks plunged by 60 percent on Thursday, March 9, after announcing that it was issuing an additional $2.25 billion of shares to bolster its capital position following a significant loss on its investment portfolio.

The share sale will come in three parts. The first, amounting to $1.25 billion, will be in the form of common stock and will be offered to investors. The second, amounting to $500 million, will be in the form of convertible preferred shares. The last, another $500 million, will go directly to private equity firm General Atlantic.

Silicon Valley Bank noted that it needs this $2.25 billion in additional funding to shore up its balance sheet, as it needs to plug a $1.8 billion hole caused by the sale of a $21 billion loss-making bond portfolio, consisting mostly of United States Treasury Securities. The bank’s portfolio was yielding an annual average 1.79 percent return, far below the current 10-year Treasuries yield of around 3.9 percent.

The massive sale has spooked investors, notably venture capital firms whose portfolio companies do business with Silicon Valley Bank. They are worried that the attempt to raise over $2 billion in capital might not be enough to keep the bank in the green....<<<Read More>>>....

Skynet rising: Why CBDCs must be terminated before they go live

 “Money” is no more than a medium of exchange. If we cooperate in sufficient numbers, we could create an economy based upon an entirely voluntary monetary system. We don’t need banks to control our exchange transactions and modern Distributed Ledger Technology (DLT) has made voluntary exchange on a global scale entirely feasible.

We contrasted the true nature of “money” with the proposed Central Bank Digital Currencies. CBDC is being rolled out across the world by a global public-private partnership . What we call money is actually fiat currency conjured out of thin air by central and commercial banks. Even so, CBDC is nothing like “money” as we currently understand it.

Prior to the pseudopandemic, fiat currency circulated in a split-monetary circuit. Only commercial banks could access a type of money called “central bank reserves” or “base money.” In late 2019, the global financial institution BlackRock introduced a monetary plan that advocated “going direct” in order “to get central bank money directly in the hands of public and private sector spenders.”

We discussed how the idea of putting “central bank money” directly into the hands of “private sector spenders” is precisely what that new CBDC based IMFS is designed to achieve. But CBDC will accomplish far more for the global parasite class than merely revamp its failing “debt” based IMFS.

If it is universally adopted, CBDC will afford the bankers complete control over the our daily lives. The surveillance grid will be omnipresent and every aspect of our lives will be engineered....<<<Read More>>>...