Loading ...Slowly, Quietly Introducing The CBDC Infrastructure
This is just another small, slow step to putting in place the infrastructure for CBDC’s. In small, non threatening steps so that when the time comes(at varied paces in different countries) in the middle of some economic and or geopolitical crisis it is implemented and cash removed. Game over. Fortunately for now, this is Switzerland, but it will spread. The US with it’s Constitution and other differences and protections gives us some hope but look how much our rights and protections have been removed already. This warrants keeping a close eye on. https://www.zerohedge.com/markets/zurich-issues-digital-bond-using-wholesale-cbdc
The Constitution (or I should say the court system) is not going to stop them from implementing CBDC’s as it already states that nothing but gold and silver coinage be used as tender in the payment of debts. The courts have turned a blind eye to the use of paper money so why not CBDC’s?
That is the interesting battle that is in front of us. If the US goes back to a metallic monetary system BEFORE the FED or treasury tries to implement a CBDC, it could be challenged in a Supreme Court case. Someone could sue for injunctive relief, to delay implementation of the CBDC, until the Court can rule on it’s Constitutionality.
The Swiss will have a referendum on enshrining the use of cash in their Constitution.
Coming up soon.
https://www.swissinfo.ch/eng/business/swiss-government-proposes-constitutional-protection-for-cash/48772234
Yes, thanks for that reminder. I did read about that a while back but forgot about it. If they pass that and make sure that cash will always remain, then it defeats anyone wanting to use a CBDC to cancel and or control individual freedom. Such a referendum is critically important.