Technocracy: Like vaccine passports and digital identity schemes, there has been zero public debate over central bank digital currencies as they are rolled out around the world. All global banking institutions like the IMF, World Bank and the Bank for International Settlements, are pushing as hard as they can. ⁃ TN Editor
The move towards central bank digital currencies (CBDCs) “is gaining momentum, driven by the ingenuity of Central Banks.”
As a barrage of Western sanctions visit all manner of pain upon Russia’s economy, attention is turning in some quarters to potential ways of circumventing U.S. economic sanctions in the future. One potential weapon for defanging future sanctions is central bank digital currency (CBDC) networks, according to Lewis McLellan, the digital editor of the Digital Monetary Institute of the Official Monetary and Financial Institutions Forum (OMFIF):
Cross-border central bank digital currency networks are in development across Asia (like the mCBDC Bridge, which involves Thailand, Hong Kong, China and the United Arab Emirates). Russia’s central bank is working on a digital ruble and Governor Elvira Nabiullina has expressed interest in its value as a means of facilitating cross-border payments, particularly with China.
The digital yuan could also be pressed into service. It is widely usable within China and is likely to be accepted by anyone with costs or liabilities in China. Even dollar stablecoins, which are growing in scale and importance, could help form the backbone of a payments network that cannot be curtailed by revoking access to Swift or the Fed’s clearing system. There is no evidence that China intends to help Russian businesses circumvent sanctions — they are likely to face their own sanctions if they do — but if the dollar payments network is becoming a tool of foreign policy, it adds a new sense of urgency for some to develop an alternative. Read More …
Opinion: The International Monetary Fund (IMF) is an organization of 190 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.
Here is what commerce will be like under the reign of Antichrist:
“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 the mark or the name of the beast, or the number of his name.” Revelation 13;16-17
Here is what people will do with existing forms of commerce under Antichrist:
“They will throw their silver into the streets,
And their gold will be like refuse;
Their silver and their gold will not be able to deliver them” Ezekiel 7:19.
The control that Central Bank Digital Currencies will have over people is too much for government bureaucrats to pass up. In case you forgot think about how close we came to this:
To fulfill Revelation 13:16-17 and Ezekiel 7:19 a new for of commerce will necessarily be put into place. And one is in the drawing boards as I write this: