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UK proposing bank-controlled digital currency
amidst warnings of state control, loss
of freedom

Original Article

Posted By: dst4life, 7/28/2021 1:44:45 PM

The U.K government has partnered with the Bank of England to draw up plans for a digital currency for use “alongside” cash, in a move which some have warned will usher in a “dramatic increase in state control of our lives.” Back in April, Her Majesty’s Treasury and the Bank of England announced their decision to investigate the benefits of a central bank digital currency, Associated Press News reported.

Comments:

Please be sure to read the entire article. Digital currency is the plan of the World Economic Forum, who wants a "Great Reset." COVID-19 was NOT a pandemic, but, instead, a plandemic to push their diabolical, global agenda. If our nation goes to a digital currency, we will have lost every and any vestige of privacy and economic control.

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Reply 1 - Posted by: Sanchin 7/28/2021 1:48:18 PM (No. 860247)
Feel the Yoke!!
5 people like this.

Reply 2 - Posted by: Thos Weatherby 7/28/2021 1:49:32 PM (No. 860249)
Another country falling in line with THEIR digital currency. You see how they treat us now. Just wait when they control your money.
12 people like this.

Reply 3 - Posted by: SkeezerMcGee 7/28/2021 2:39:48 PM (No. 860304)
"Should an individual be deemed to have acted illegally or somehow violate the terms of use, then the as yet unidentified government body overseeing the project could simply terminate the ID account, rendering the person unable to access normal life without such ID." Similarly to Goggle, Facebook, Twitter, etc. these "terms of use" will be subject to the whims of DC politicians and one or more federal administrative agencies. Anyone who has been at their bank while its computer was not working knows what happens - total freezeout. The U.S. untied the dollar from the gold standard. This technology would untie the medium of exchange from hard currency. Imagine, for example, what could happen if (even geographically localized) access to the Internet might go down for a few hours, a day, a week, months, or more. It would not be long before the supply lines could freeze, including food and energy. And the government would continue its sovereign immunity - no one would be held responsible.
8 people like this.

Reply 4 - Posted by: DVC 7/28/2021 2:43:13 PM (No. 860310)
Another big step to serfdom.
8 people like this.

Reply 5 - Posted by: Mizz Fixxit 7/28/2021 2:50:22 PM (No. 860318)
FTA: The leader of the World Economic Forum, Klaus Schwab, suggested that an alternative currency will be needed since the American dollar will be insufficient. He predicted that a global digital currency is eventually going to arrive. Oh, the wave of the future. So, we might as well accept this plight. This is the fallacy of inevitability.
5 people like this.

Reply 6 - Posted by: Marzon 7/28/2021 3:22:49 PM (No. 860360)
This is a huge threat. It enables the whole "Social Credit" tyranny big time. And it will make if very simple to make your money worth less if you don't behave correctly or if you don't buy the approved "green" items. Private transactions will be impossible. The banks and government agencies that have access to any transaction will have a link back to every previous transaction. This is dystopian nightmare territory.
10 people like this.

Reply 7 - Posted by: dst4life 7/28/2021 3:53:01 PM (No. 860383)
Good points, #6. We would need to say good-bye to yard and garage sales. Furthermore, how would persons in twelve-step programs maintain their anonymity? The members of the group donate money to support their organizations. The government would know everything about everyone.
5 people like this.

Reply 8 - Posted by: GoodDeal 7/28/2021 4:45:50 PM (No. 860440)
It’s starting. Global digital currency on the way.
2 people like this.

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Posted by dst4life 7/28/2021 1:44:45 PM Post Reply
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