Communist China’s New Plan: Digital Currency

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Gatestone Institute:

  • The real purpose of the new digital currency… seems to be… to challenge the long-standing global reign of the US dollar.
  • The new digital currency is part of the CCP’s ambition, as laid out in its new Five-Year Plan for the years 2021-2025, to digitalize China. The digitalization, in turn, is part of China’s ambition to become technologically independent of the West and to dominate global tech, and overtake the US as the world’s dominant power by 2049,” the 100th anniversary of China’s Communist Revolution.
  • Crucially, China’s new digital currency, in addition to increasing state control and surveillance in China.. .could affect the ability of the US, and other countries, to level sanctions at the Chinese government for its human rights abuses and other breaches of international law.
  • The US, on its part, does not appear ready for China’s challenge over the future of money. Read More …

Opinion: This afternoon at 1:10 PM EST, Jimmy DeYoung will interview Prophecy Tracker’s Author on how this very important topic of central bank digital currencies (CBDC’s) will relate to Biblical prophecy and specifically Revelation 13:16-17.

Excerpt:

“China’s digital yuan is basically adding another element to its toolbox of surveilling and controlling its 1.4 billion people.

It is no secret that China is already known as the country in the world with the most pervasive surveillance, with over 500 million cameras, and the infamous social credit score, but now with the creation of a digital currency, the Communist government can be confident that hardly any transaction will go unregistered.

Once the digital yuan becomes the only form of currency, the Chinese government will be a model for tyrannical governments around the world.”

Join Jimmy and Author HERE at 1:10pm EST today for the interview.

If you miss the broadcast, go to PTRN on the Prophecy Today website for a replay.

Editor

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