By now, it is clear that the concept of a central bank digital currency (CBDC) is evil.
It will eventually be used as a tool to control the people to enact certain policies and guarantee that the public falls in line with what the government wants.
The International Monetary Fund (IMF) essentially conceded that CBDCs could be programmed to nudge people in a certain direction.
IMF Deputy Managing Director Bo Li stated during an Oct. 15 annual meeting that CBDCs could bolster “financial inclusion”:
“A CBDC can allow government agencies and private sector players to program, to create smart contracts, to allow targeted policy functions,” Li explained.
“For example, welfare payments, for example, consumption coupons, for example, food stamps.”
“By programming CBDC, that money can be precisely targeted for what kind of people can own [CBDC] and for what kind of use this money can be utilized, for example for food.”
Is it any surprise that Li used to be employed by the People’s Bank of China (PBoC).
Here is the clip:
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