2023 Banking Crisis: CBDC's and the control of the elites
The implications of a central bank digital currency (CBDC) on people's lives and the banking system are discussed in this article. The World Economic Forum's Klaus Schwab believes that the global elite may use the current banking crisis to introduce a CBDC that could be used to control people's finances and lives. This raises concerns about the banking system's fragility, as well as people's privacy and freedom.
A famous quote attributed to Henry Kissinger suggests that control over food, energy, and money can lead to control over a nation or even the world. Kissinger mentored Klaus Schwab, the head of the World Economic Forum, and shares his belief that the global elite uses crises to advance their interests. Schwab believes that the current banking crisis will be used to launch a central bank digital currency (CBDC) capable of controlling people's finances and lives.
The discount window is a facility that banks can use in times of financial distress, but using it can make it difficult for a bank to return to the market later. The recent increase in use of the concession window implies that the banking system is on life support and that the crisis is far from over.
The inverted relationship between 10-year and 2-year treasury yields indicates that the crisis is just getting started. The global elite may take advantage of the current crisis to implement a CBDC in order to gain control over people's money and lives.
Most people are unaware of how the banking system operates and believe that their money is safe with their local bank. Banks, on the other hand, invest the money and may lose it. Moving deposits to the Federal Reserve in the form of a central bank digital currency, according to Schwab, is a solution to the banking system's fragility, but it comes at the expense of people's freedom and privacy.
To summarise, the banking system is currently in crisis, and there is growing concern that the global elite will exploit this crisis to implement a central bank digital currency in order to gain greater control over people's finances and lives. While the concept of a digital currency backed by a central bank has its advantages, it also raises serious concerns about privacy, freedom, and the potential for abuse.
Sources:
George Gammon, 30 March 2023, "WARNING: They're Using The Banking Crisis To Roll Out A CBDC",