Digital Currency Coming Sooner than You Think

 I just did a post earlier today on Central Bank Digital Currency.  But here is another one that just came across my reading today.

Central bankers and international corporate financiers have long been pretending to hate the very concept of cryptocurrencies like Bitcoin and Ethereum, while at the same time investing heavily in blockchain technologies and infrastructure.  

The purpose of the ruse is not clear, but more than likely it was an attempt at mass reverse psychology - "We don't like crypto and digital currencies because we supposedly have no control over them; free market proponents should embrace them blindly because that is how you will beat us."

In the meantime, while major banking firms are investing billions into various blockchain products, central banks and global institutions like the BIS and IMF have been developing their own systems.  In fact, the BIS notes with enthusiasm that around 90% of central banks around the world are already in the process of adopting CBDCs.

This happens in many other trade commodities and paper currencies also.  The point is, crypto is not immune to manipulation.

Third, crypto is enticing to people because of the quick profits that can be had, but massive losses are also a danger.  The overall crypto market has plunged by $2 trillion in the past year alone - over 60% of its value.  The implosion of huge trading companies like FTX also undermines the stability of the market, and usually it's the average investor that ends up suffering the consequences.

All of these factors and more can be used by banking elites as a rationale for the implementation of CBDCs and global regulation of crypto trading.  And, if the bloodbath in existing coins continues, people may even welcome CBDCs as a "safe" investment or currency system.

The investment losses in blockchain products, along with the scandals in exchanges, is a rather convenient opportunity for the banking establishment to promote their own currencies as a replacement.  In the wake of the FTX event, multiple international banks including JP Morgan and Goldman Sachs have called for government regulation and a shift over to CBDCs.

Here;  Digital Currency Sooner Than You Think - 90% Of Central Banks Getting Ready (prophecynewswatch.com)

Please notice that this massive failure of FTX along with the loss of $2 trillion in value of cryptos since January 1 could be the trigger which allows Central Banks to come in and say, "We need to protect the consumer from these Wild West types of cryptos.  Many people lost their life savings and we can't have that.  Effective June 1, 2023 we will begin allowing people to trade the US Dollars for CBDC's.  We will keep this window open for 1 year.  By June 1, 2024 the use of US Dollars will no longer be allowed."

Of course I have no idea on the timing of such a thing.  But it is coming!  And remember how it will be sold..."We will freeze all the US Dollars that drug cartels and sex traffickers are holding.  We will stop the spread of germs and disease by people who still insist on using cash.  We will be able to monitor transactions and disallow any use of CBDC's to commit a crime.  The US Treasury will save billions in money printing, coin minting and armored car services transporting."

And as the previous post from today explains this will lead to eventually having all people take some type of mark on the right hand or forehead in order to access their Digital Currency to buy or sell anything.

We are the generation that finally has the technology to make this prophecy a reality!