Digital Currency: What Do The Global Banking Elite Want?

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Zero Hedge: Amidst the annual spectacle of the World Economic Forum in Davos, the Bank for International Settlements this week announced that multiple central banks have created a group that will ‘assess potential cases for central bank digital currencies‘.

Here is the press release from the BIS:

The Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, the Sveriges Riksbank and the Swiss National Bank, together with the Bank for International Settlements (BIS), have created a group to share experiences as they assess the potential cases for central bank digital currency (CBDC) in their home jurisdictions.

The group will assess CBDC use cases; economic, functional and technical design choices, including cross-border interoperability; and the sharing of knowledge on emerging technologies. It will closely coordinate with the relevant institutions and forums – in particular, the Financial Stability Board and the Committee on Payments and Market Infrastructures (CPMI).

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Opinion: BIS Headquarters in Basel Switzerland…

Image result for tower of babel

… look eerily like Pieter Bruegel’s 1536 rendering of the Tower of Babel, don’t ya think?

From our post December 26, 2013:

“I have to admit that Bitcoins are new ground. Since Central banks can only regulate currency issued by and settled at banks, Bitcoins are out of the governments’ reach, so far.

The success of Bitcoins may convince governments that a move away from paper currency to a limited amount of regulated electronic currency could be a viable replacement for the US dollar as the world reserve currency.

A cashless society would give a government absolute control of commerce, as found in Revelation 13:16-17.

And just in case anyone thinks that the BIS is no big deal, think again. The BIS is the ‘central bankers’ banker, and they want control.