Social Credit Brazilian Style: All Universal Basic Income Recipients Must Be Vaxxed


This is what CBDCs are being built for

Anybody who seriously thinks that Universal Basic Income (UBI) programs of the future won’t be full blown social credit systems need look no further than Brazil, where newly selected socialist / globalist Lula da Silva just decreed that the Bolsa Familia program will require family members to be vaccinated in order to continue receiving benefits.

“We can’t play, it’s a question of science. If I have 10 covid vaccines to take, I will take all that is necessary ”.

The news comes via The Rio Times, which describes the Bolsa program as “a social welfare program for the poorest families in Brazil” and “a kind of Universal Basic Income”.

UBI is considered by many to be beneficent and inevitable. I personally believe the latter but not the former.

However it shouldn’t surprise anyone that if you’re dependent on The Saviour State for your sustenance (as Charles Hugh Smith calls it),  you are, in effect, their chattel.

Opinion: This post by Marc Jeftovic (bomb is a comprehensive but secular look at the coming digitization of money. His attention to detail is  important for understanding the depth of what is to come despite his claim at the end that CBDC’s will ultimately fail.

Long term readers will relate this to the coming mark of Revelation 13:16-17 that we have reported on for over 3 years.

On November 15, 2022 the New York Federal Reserve launched  a 12 week pilot program on the digital dollar. The 12 weeks are up this coming week. Stay tuned for that report.

Here is the rest of the report …

CBDCs will be the rails for UBI programs

The emergence of Central Bank Digital Currency (CBDC) initiatives in nearly every nation on earth clearly signals the direction this is going. Nearly every CBDC white paper or proposal I’ve come across have the following three characteristics spelled out in plain text, and I expect every CBDC to have these five capabilities baked-in, whether or not they are initially enabled (or  documented).

#1) Expiry dates / use-by dates

However the real reason CBDCs will have expiry dates is to stimulate money velocity and keep recipients dependent.

#2) “Anti-hoarding” features

Saving for the future is being rebranded as “hoarding” and it is becoming officially unfashionable because personal savings reduces dependancy on the state. The easiest mechanism for achieving this will be through negative interest rates on savings accounts, as per this IMF white paper,

“A world with lower inflation (and even zero inflation) and no persistent recessions may sound like a pipe dream, but we argue that it is possible by transitioning to an “electronic money standard.” Such a transition requires eliminating the zero lower bound, which central banks can achieve using readily available tools. Breaking the zero lower bound implies that the optimal rate of inflation will be lower than in the presence of the lower bound. This will empower central banks to quickly restore full employment and, over the medium term, possibly move toward targeting full price stability with zero inflation.”

…which goes on to outline the challenges there would be in eliminating the “arbitrage” between digital and physical cash:

A zero lower bound can be broken through a combination of (1) adopting or strengthening an electronic money standard in which electronic money is the unit of account and (2) implementing a time-varying interest rate (or more generally, rate of return) on paper currency (cash). Then, as the interest rate on cash moves in line with the official policy rates, there is no arbitrage between cash and money in the bank. Operationally this can be done while remaining quite close to the current monetary system, but there are several legal, communication, and political challenges to a transition to such an electronic money standard (Agarwal, and Kimball 2019).

(Despite the current rise in rates, once the money printers fire back up, this is where we’re headed).

#3) Total Information Awareness

Once it’s digitized in a centralized database (central banks) as opposed to being cryptographically secured on a decentralized blockchain (Bitcoin) – everything becomes known to central authorities instantly. Taxation can be applied per-transaction, but more interestingly – prices can also be modified on the fly.

If you’re behind on your property or income taxes – or have an unpaid fine (maybe because you’re fighting it), for example, they could simply enable a rolling garnishee on your wallet until it’s paid off.

While all transaction signatures are public on Bitcoin – they are pseudonymous and more importantly, unalterable. It’s true it may be known or discoverable that A sent sats to B, but there’s nothing any third-party can do about it. With Lightning on the ascent, combined with  various privacy enhancements there – Bitcoin development is moving in the direction of more freedom and more privacy – which is the opposite direction of most CBDC initiatives.

Finally, whether CBDCs are launched with the noblest of intentions, there will at some point arise “an emergency” which will make it necessary for The People in Charge to “flip the switch” and turn them into:

#4) Social Credit Systems

Imagine if “LoonCoin” was a thing last year when the #FreedomConvoy hit Ottawa (and signalled the beginning of a worldwide revolt against Covid tyranny). Instead of emailing a list of bank accounts to be frozen that were cribbed from a (hacked) spreadsheet, they could simply direct the Bank of Canada to turn off everybody’s digital wallets who were in the vicinity of the protest, or who contributed to their crowdfund, or who retweeted the #HonkHonk hashtag.

Do you think they wouldn’t have done it?

Covid vaxports have already been weaponized in China, Brazil is doing it with their UBI program and when this is all formaized into a CBDC, they will probably not launch it without the framework for widespread social credit and control systems being part of the plumbing.

We all know from our experience with the pandemic, emergencies tend to drag on in perpetuity. The “War on Terror” is still in effect, and there are still legions of collectivist automatons tweeting #CovidIsntOver.

So when “The Long Emergency” (to use James Kunstler’s term) becomes a never ending, rolling climate crisis, the social credit systems built into CBDCs will be used to enforce:

#5) Carbon footprint tracking

Back in Carbon Rationing, CBDCs and Sound Money I wrote how this trajectory is more or less baked-in now, and that the state-run financial system is undergoing a shift from a debt-backed monetary system to one based on carbon quotas.

Dashboard of Svalna’s app. Image credit Svalna.

This is the ultimate end-game of CBDCs. There is no hidden agenda or conspiracy around this (there’s already a Mastercard that cuts off your spending when you exceed your carbon quota), and globalist elites are quite up front about it….

Why CBDCs will ultimately fail

The developments of CBDCs is something we monitor in The Bitcoin Capitalist (formerly The Crypto Capitalist). Every month we put out our coverage of CBDCs  in the “Eye On Evilcoin” section and it’s not always bad news:

There is still  some time to stop CBDCs

Despite all the jawboning about CBDCs, nobody has really deployed anything viable. It’s all still design and planning – with some test beds going on. The few projects that have launched formal, actual CBDC’s have largely stiffed: Nigeria’s Enaira, Venezuela (lol). Even China’s much vaunted Digital Yuan had an underwhelming reception at last year’s Olympics (my suspicion is that the global financial system is unraveling faster than CBDCs can be developed, so they may have to go with something already out there, like Ethereum).

Worth noting, is that Brazil plans to deploy its CBDC next year.

He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, 17 and that no one may buy or sell except one who has [a]the mark or the name of the beast, or the number of his name.” Revelation 13:16-17

Zero Hedge HERE

Thanks to VS for editing this post