Former Assistant U.S. Secretary and Investment Banker: The Truth About Digital Currencies
All Taxation With Zero Representation: ‘Absolute Control’ Through Central Bank Digital Currency
“If they don’t want you to be able to use your money more than five miles from your home, that’s it! Your money will turn off five miles from your home.”
Over the past two and a half years, we’ve been fast-tracked towards an authoritarian regime. The state has perpetually puts us in a ‘state of emergency,’ giving them the power to bypass legislation and govern by decree.
The end goal, it seems, through all of this is to set up a control system akin to China’s here in the West, and one of the key measures to reach this objective is the implementation of Central Bank Digital Currency (CBDC).
You don’t often see central bankers speak honestly, but BIS General Manager Augustin Carsten, in October of 2020, explained the “huge difference” between cash and CBDC.
“In cash, we don’t know who’s using a $100 bill today; we don’t know who is using a 1000 peso bill today. A key difference with the CBDC is that central bank will have absolute control on the rules and regulations that will determine the use of that expression of central bank liability. And also we will have the technology to enforce that. Those two issues are extremely important, and that makes a huge difference with respect to what cash is.”
This clip, Catherine Austin Fitts says is “The only time in my life I’ve ever seen a central banker be 100% honest. It’s quite remarkable.”
“They’re trying to put into place a digital transaction control grid, which will tell you what you can do with your money — when you can do it — where you can go. If they don’t want you to be able to use your money more than five miles from your home, that’s it! Your money will turn off five miles from your home. If they decide they want to double taxes, they just take it out of your account.
It’s all taxation with absolutely zero representation. The interesting thing about it is once they get this system into place, I believe it won’t even be your national central bank that will control; it will be the Bank of International Settlements and the global systems that will control.”
Truly dystopian. If there’s anything we’ve learned from this COVID situation is that we cannot comply, not even for a second. So the moment they try to push this CBDC, we have to push back as hard as we can, much like we did with the WHO amendments, and put an end to its adoption before it begins.