{"id":1175,"date":"2022-10-31T17:20:04","date_gmt":"2022-10-31T17:20:04","guid":{"rendered":"http:\/\/humanityandearth.com\/wp\/?p=1175"},"modified":"2025-01-26T17:19:32","modified_gmt":"2025-01-26T17:19:32","slug":"no-need-for-digital-currencies-in-the-west","status":"publish","type":"post","link":"http:\/\/humanityandearth.com\/wp\/?p=1175","title":{"rendered":"No need for digital currencies in the West?"},"content":{"rendered":"\n

Index:<\/a> please click on the link for the index please?<\/p>\n\n\n\n

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The West Doesn’t Need CBDCs<\/h3>\n\n\n\n

Only autocracies benefit from fully-fledged central bank digital currencies. I did copy the above article from Concoda because of its content which to me explains a lot.<\/h3>\n\n\n\n
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There is no need to go all digital because we are already close to it. The all-digital has nothing to do with any need or greater good but other than grabbing absolute control.<\/strong><\/p>\n\n\n

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Behind it are the cabal\/banks (Private owned and no external oversight including governments). Money created from thin air! In that case even possible hijacked \/ malfunction which capacity by the so-called fraudsters have been already proven\/demonstrated. See and have a look at what is going on in the Ukraine. Electricity\/water\/services, nothing is safe in a concentrated form. No discussion, no transparency, a dictate by the big Central banks. However, pushed, pushed, pushed and pushed using the big media they own\/control. To name a few, IMF, World Bank, Central Reserve US all privately owned and no oversight\/control by governments, no say it either. Have no illusion these big banks are not after money because they can already create that out of nothing but you and me. Own everything including our bodies, children, thought, blood and organs. Everything including our so-called freewill. The great reset & own nothing and be happy?<\/p>\n\n\n

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Private banks & politics<\/figcaption><\/figure>\n\n\n\n
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UBER<\/figcaption><\/figure>\n\n\n\n
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Concoda<\/a><\/p>\n\n\n\n

6 hr ago<\/p>\n\n\n\n

17<\/a>4<\/a><\/a><\/a><\/p>\n\n\n\n

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After the hasty departure<\/a> of former prime minister Liz Truss, the UK\u2019s position as a crypto-friendly nation suddenly came<\/a> under threat. But now that Rishi Sunak, only half-jokingly described<\/a> in the media as a \u201ccrypto-bro\u201d, has taken over, the new PM has reignited the hopes of advocates who wanted to turn Britain into a global \u201ccrypto hub<\/a>\u201d.<\/p>\n\n\n\n

Sunak will now purportedly attempt to fulfill the promises he laid out<\/a> as chancellor back in April this year. These include introducing a \u201cfinancial market infrastructure sandbox,\u201d establishing a \u201cCryptoasset Engagement Group,\u201d and enabling stablecoins<\/a> \u2014 digital tokens equalling one unit of fiat currency \u2014 to be used \u201cas a recognized form of payment.\u201d The end goal of all this would be to uphold Britain\u2019s status as the global leader in financial innovation.<\/p>\n\n\n\n

The UK has a history of being a pioneer in \u201cfinancial creativity\u201d. In the mid-1950s, a British bank called Midland created<\/a> one of the first \u201cEurodollar\u201d trades, a form of financial arbitrage that sought to profit from sending US dollars overseas to bypass regulators. Midland used Eurodollars to circumvent the UK government\u2019s capital controls on Pound Sterling, and this eventually morphed into a shadow currency system that facilitated most global finance and trade. Crypto is simply the modern-day iteration of \u201cregulatory arbitrage<\/a>\u201d, though it likely won\u2019t be able to outdo the might of the Eurodollar today.<\/p>\n\n\n\n

And neither will \u201cBritcoin,\u201d the unofficial moniker for the UK\u2019s proposed central bank digital currency (CBDC). As searches worldwide for \u201cCBDC\u201d have skyrocketed<\/a> to over eight times the average volume since last month, it\u2019s likely Sunak\u2019s favorable position on CBDCs will come under increased scrutiny over the next few weeks.<\/p>\n\n\n\n

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Central bank digital currencies tend to be thrown into the same basket as cryptocurrencies, even though they possess no concrete association whatsoever. Having released research stating<\/a> that the two are distinct, the UK government agrees. It does not appear to be using any crypto-related technologies to construct Britcoin.<\/p>\n\n\n\n

That is also if Britain ever decides to start building it. As with crypto narratives such as Web3, the UK\u2019s end goal of building and implementing a CBDC remains slightly vague and unclear. In fact, efforts to arrive at a precise use for CBDCs from other developed nations have ended with press releases stating they\u2019re \u201cinvestigating<\/a>\u201d, \u201clooking at what it might mean<\/a>\u201d or issuing a recommendation<\/a> to conduct more research.<\/p>\n\n\n\n

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Other than a way to implement absent payments infrastructure \u2014 like Jamaica\u2019s CBDC will accomplish<\/a> \u2014 there\u2019s no concrete benefit to deploying a central bank digital currency in developed nations, especially ones like the UK that already possess world-class infrastructure.<\/p>\n\n\n\n

This raises an important question: after much indecision, why is a stable(ish) democracy such as Britain pursuing a CBDC? The fact that China remains the only country to implement a fully-fledged version \u2014 codename \u201cDC\/EP<\/a>\u201d \u2014 suggests that the only \u201cinnovative\u201d uses for CBDCs could be to help autocracies limit privacy and freedoms. As soon as the majority of UK citizens realize this, Rishi Sunak\u2019s positive stance on CBDCs may come back to bite him.<\/p>\n\n\n\n

Posts of matilda-macelroy.com:<\/h2>\n\n\n\n

Links: <\/h2>\n\n\n\n

Aliens and planet Earth<\/a><\/p>\n\n\n\n

Ashtar Sharon gfl W Asar Sharon & New Earth.<\/a><\/p>\n\n\n\n

AETHER (FREE) ENERGY.<\/a><\/p>\n\n\n\n

Carbon dioxide and Healt<\/a>h<\/p>\n\n\n\n

If our selected leaders would be more careful in choosing their words, life would more be like heaven.<\/a><\/p>\n\n\n\n

Religions, The State\/Media and humanity.<\/a><\/p>\n\n\n\n

Remote viewing and Alien interventions on planet earth<\/a><\/p>\n\n\n\n

Ancient origin.<\/a><\/p>\n\n\n\n

Baba Vanga and the predictions for Europe\/West.<\/a><\/p>\n\n\n\n

Reel<\/a><\/p>\n\n\n\n

Climate change, no offence<\/a><\/p>\n\n\n\n

ESG and Climate change.<\/a><\/p>\n\n\n\n

Pfizer and Data.<\/a><\/p>\n\n\n\n

Planet earth is hollow at most of it\u2019s inner part. Between inner and utter core.<\/a><\/p>\n\n\n\n

https:\/\/matilda-macelroy.com\/wp\/2023\/05\/26\/get-ready-the-alien-intervention-is-here\/<\/a><\/p>\n\n\n

\u201cWe are the Borg. Resistance is futile. Your race will be assimilated and service to us.\u201d<\/a> <\/span><\/p>\n

NWO and WEF plus free energy.<\/a> <\/span><\/p>\n

\u201cA Covenant With Death\u201d, by Bill Cooper.<\/a> <\/span><\/p>\n

WHO attempted power Grab!<\/a> <\/span><\/p>\n

The great Awakening, Plandemic 3 Video, please click on link: <\/a> <\/span><\/p>\n

The Great Awakening (Full, Unedited Movie) (rumble.com)
rumble.com\/v2s0gp8-plandemic-3-the-great-awakening-full-unedited-movie.html <\/span><\/p>\n<\/p>\n\n\n

Cabal or deep State& Alien connection. Stranger science fiction.<\/a><\/p>\n\n\n\n

\u2018The world\u2019s gone mad!\u2019<\/a><\/p>\n\n\n\n

A conspiracy against god and man!<\/a> <\/p>\n\n\n\n

Slavery, Power\/Greed!<\/a> <\/p>\n\n\n\n

Humans reduced to a commodity!<\/a> <\/p>\n\n\n\n

Can the West still turn the tide of tyranny?<\/a> <\/p>\n\n\n\n

Conspiracy and the coming witch hunt.<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"

Index: please click on the link for the index please? The West Doesn’t Need CBDCs Only autocracies benefit from fully-fledged central bank digital currencies. I did copy the above article from Concoda because of its content which to me explains a lot. There is no need to go all digital because we are already close […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1175","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"http:\/\/humanityandearth.com\/wp\/index.php?rest_route=\/wp\/v2\/posts\/1175","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/humanityandearth.com\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/humanityandearth.com\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/humanityandearth.com\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/humanityandearth.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1175"}],"version-history":[{"count":18,"href":"http:\/\/humanityandearth.com\/wp\/index.php?rest_route=\/wp\/v2\/posts\/1175\/revisions"}],"predecessor-version":[{"id":8026,"href":"http:\/\/humanityandearth.com\/wp\/index.php?rest_route=\/wp\/v2\/posts\/1175\/revisions\/8026"}],"wp:attachment":[{"href":"http:\/\/humanityandearth.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1175"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/humanityandearth.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1175"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/humanityandearth.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1175"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}