Global CBDC development is going strong – and proto-digital currencies are being used to “help” some of the most vulnerable people on the planet. While some populist politicians are screaming down CBDCs, there is a strong movement towards their implementation.
Central Bank Digital Currencies (we call them Central Bank Dystopian Control – you will notice the “s” is missing) are a new way to use the idea of money to control populations. The technocratic class loves them – which means you should be running to the hills if you see them coming.
Read more about CBDC here!
The Q4 crypto rally and second McTrumper administration dominated headlines into year-end – but as 2025 rips – it’s time to check in with the controller class – and their plans for full-spectrum global financial dominance via CBDC.
We Have Your Best Interest In Mind
It should come as NO surprise that money-center zombie banks like Deutsche Bank are totally uncritical supporters of CBDC. In a Q4 2024 update the bank cited a report that stated a 6% total adoption rate of the Nigerian eNaria was slower than expected.
Well duh. No one wants this $#!t.
The absence of any real discussion around the eNaria’s total failure is conspicuous. There were riots when Nigeria tried to force its population into using CBDC via banknote demonetization in early 2023. At that time around 0.5% of the population jumped into the eNaria.
Even with the banknote demonetization – as of March 2024 – the eNaria comprised around 0.36% of “currency” in circulation.
What an amazing failure!
It’s been years and no one wants CBDC junk in Nigeria!
You know the eNaria rollout cost a lot of money (which comes from the public) and no one wants the godforsaken junk. Even after a blistering 1/3 of 1% of circulating currency in Nigeria was dominated by the eNaria – the benevolent controller class kept the system going.
There is NO WAY the eNaria creates value. But that is the nature of our centrally-planned global economy. CBDC is an example of where we are going – much faster than most people imagine.
The Thunder Down Under
Anyone want in on a CBDC pilot program?
Well thank god you missed your opportunity – the call closed on December 11.
Called Project Acacia – the Reserve Bank of Australia’s project will spitball a wholesale CBDC, as well as a tokenised deposit scheme. Sounds like full-spectrum financial dominance to us.
For now it’s just a pilot project, but given the move to much more social control in the West – this could be a model of the money to come.
According to RBA assistant Governor Brad Jones, the project will, “examine how innovation in wholesale markets could be enabled by new forms of digital money and supporting infrastructure. The role that tokenised asset markets could play in improving the efficiency and resilience of wholesale payments and settlements, and in enhancing cross-border payments, are areas of particular interest.”
So there you go. A new monetary system that empowers the technocratic elite – and puts the common person on much weaker footing when it comes to privacy and control over their assets.
It’s going to take time to set the system up – especially if it’s going to work across national borders. The model that Project Acacia uses maintains the role of retail banks, which may or may not change as the global financial system sinks lower into the abyss.
A Means of Control!
Money is shifting gears. In its current form, Western money is a product marketed by central banks and governments. In the world of CBDC – money is a control system – pure and simple.
The difference between modern fiat currency and a CBDC isn’t huge from a technical perspective. All money is digital. There is nothing physically backing up money. However, there is still physical money. Cash exists.
In a CBDC world – cash is likely a relic of the freedom loving past!
We have been spending time in Argentina where the digital payment ecosystem is spreading like wildfire. Fun fact – due to some of the highest inflation in the world – the largest banknote on offer is worth around $9 USD. They say a $18 USD bill is in the works – but we have never seen one.
The most common banknote in use on the street in Argentina is worth around $0.90 USD – which makes paying for a decent meal kinda hilarious. It’s something out of Scarface.
Would you like fries with that?
Inflation is baked into the equation now, so what is happening in Argentina today is likely to play out on a global scale in the coming years. Forcing people to adopt CBDC will be easy when you have no choice – you won’t be able to use the old cash – it isn’t worth enough to buy an empanada!
Of course, all the new digital money in your CBDC wallet can be controlled directly by the government, banks, or whatever technocratic regime is now in charge. So you will only be buying those empanadas if they let you!
Exploit The Weak
You may have noticed the war and upheaval around the world. Ukraine is a hot spot that doesn’t seem to be improving. It’s also a place where the UN is using the Stellar blockchain to test a blockchain-based “cash” distribution program for people impacted by the war.
The UNHCR is tapping Stellar to send USDC to displaced Ukrainians. While the idea of helping people who are impacted by war is great, the risks that come with this system are enormous. Privacy comes to mind, as does the ability to use the USDC freely.
At the moment the pilot program will allow recipients to withdraw the USDC in cash at MoneyGram locations – which is good – although this may be due to the fact that digital payment infrastructure in Ukraine isn’t sufficient to accommodate the needs of the recipients.
As soon as the digital payment infrastructure is in place, things could change. That is the case in China, where it’s hard to spend cash.
Tourists are learning how fast digital payment infrastructure was adopted in the post-COVID19 Chinese economy. In fact, cash isn’t welcome across the Middle Kingdom – leaving anyone who doesn’t have local digital payment apps in a lurch.
The apps are open to Chinese citizens – but getting on the platforms (like WeChat Pay) is hard if you are a tourist. Oh, and you have to give the CCP open access to your digital life. No cheap street noodles for you!
The shift away from cash in China was apparently voluntary, as the acceptance of physical money is still required by law in the nation. Regardless, it shows how easily cash can be totally marginalized once digital payment infrastructure is operational.
No demonetization needed!
The Global CBDC Prison
Once the global CBDC prison is operational – it’s going to be a lot harder to break out!
Now is the time to recognize this threat to human liberty, and take action to avoid being locked into a system that removes your ability to own money. The accounts you will be offered in a CBDC system will be convenient – much in the same way solitary confinement is an easy life.
Decentralized money like Bitcoin is part of the solution, but make sure you have some other options as well. Physical metals make a lot of sense as well – just in case the power is out for a few days. Or weeks. Or however long the technocratic planners deem necessary to force the population into a new financial system.
While there are no ETFs for the assets, it’s worth remembering that chickens lay eggs and apples grow on trees!
Source: https://blockonomi.com/oped-cbdc-development-is-alive-and-well-watch-out/