Loading ...LUONGO’S THESIS FROM ANOTHER SOURCE
VERY IMPORTANT PIECE…Thanks Sally
https://www.zerohedge.com/news/2022-11-20/davos-will-use-cbdcs-destroy-commercial-banks
This has always been something I have been asking regarding the CBDC shit …No More Commercial Banks ? Why would THEY want to go along with this ? Ditto many Large Corporations …this system reduces them to pawns …why would they want to participate ? My take is that those who want in…will participate and get the goodies ( Basic Income) and be controlled (happily) and those who don’t want in will have a parallel system…much like we have now. Probably a Good thing all around
So USD to the MOON.
The part he got correct is the difference between Europe and the US. Europe may go with direct CBDC’s because as he states, their central banks are owned by the govt. and they only have a few large commercial banks, most of which are in terrible shape so who cares if they fade away. He correctly points out the FED is owned by the US commercial banks, which is exactly why they will issue a CBDC that settles and transacts between the FED and those commercial banks. The citizens will still have their individual accounts with those commercial banks but will have any CBDC issued to them go thru the conduit of the commercial banks. This will be business as usual unless and until the politicians (DEMS if still in control) decide they want complete totalitarian control. At that point they remove physical currency and only digital remains. That is the end of freedom and the republic, if it ever happens.
Then we issue our own currencies…local currencies
Or maybe use Rubles 🙂
…herding cats
I’m down for the rubles. It will be backed by real stuff!