The Path to Full Control ⋆ Brownstone Institute

It has seemed apparent for a while that the current fiat monetary system is, at best, unstable. At worst, it’s a Ponzi scheme whose time is up. If so, I suspect central bankers and the 0.1% know this and may be ready to usher in the new system before the old one collapses on itself, even if they loot it along the way with the most significant wealth transfer into human resources. history.

To anyone paying attention to these trends, it seems apparent that the Central Bank Digital Currency (CBDC) will be that new system.

Everything indicates that the arrival of CBDC is imminent. Yesterday, several global banks announced a partnership with the New York Federal Reserve to pilot digital dollars. Given the ubiquity of credit/debit cards, payment apps, and other online payment systems, digital money has long been around. The risk isn’t the electronic part, it’s inevitable: it’s the fact that a central bank will oversee the digital currency.

In my view, it is impossible to overstate the risk presented by the CBDC. Whether it’s a well-intentioned utopian vision or a sinister plot to crush our sovereignty, the result can be the same: control. A central bank digital currency has all the drawbacks of fiat money, plus the added layers of state-supervised oversight and programmability.

So many people on Team Reality have probably felt dissident in recent years simply for challenging anything beyond herd mentality. Ask questions or speak against the narrative on topics including the probable origins of the covid virus, the usefulness of PCR, the risk to the majority of the population, the benefits of early treatment, the benefits of natural immunity, the safety and he efficacy of vaccines, the pros and cons of masks/lockdowns and the usefulness of vaxpassports created an environment where people were stigmatised, alienated or even censored. Imagine a monetary system with built-in features to socially engineer the way we live. For instance:

  • Salute: “You didn’t get the booster…sorry, you’re not allowed in public spaces.”
  • Energy: “You’ve used your energy quota this month…sorry, your electric car won’t start.”
  • Food: “You ate too much meat this week…sorry, your money is only for plants (or bugs).”
  • Savings: “If you don’t get your rations soon…sorry, your money will expire at the end of the month.”
  • Freedom of speech: “You shared information we disagree with…sorry, our algorithm is fining you.” (PayPal has already started doing it)

If the CBDC does eventually become the new monetary system, its key features will ensure that world governments no longer need something like a global health crisis to print money or shut down society. Lines of code can shape our behavior and ensure that we are forced to stay at home. The entire platform will be designed to expel work that is no longer deemed necessary. While I initially believed that state-led pharmacological interventions were an acute and isolated threat in this era, it became apparent that they were merely a tentacle in a much larger beast. Whatever force is driving this direction into the world (looking your way, Davos), has proven to be relentless in its quest to perpetuate fear and power.

I know this must sound crazy, especially to anyone who hasn’t paid attention to this trend for a while. A few years ago, I would have thought this was preposterous, but after witnessing the lies, deceit, and takeover of the government, I began to fear that this might be where we are headed.

When you consider that the vaccine mandates served no medically justifiable purpose, it’s entirely plausible that they were simply a ramp to normalize a “cards please” society. In New York, where I lived until recently, most people accepted vaxports and loved the Excelsior Pass mobile app because it was convenient. How many will feel the same way about digital money, which will no doubt come with its share of benefits?

The central bank’s digital currency will allow governments to impose top-down control, such as China’s social credit score. Some central bankers are even saying the quiet part out loud. Whether or not that is the program’s goal, has there ever been a time in history when governments have rejected the power that has been bestowed upon them? At this point, it’s not even about theorizing about a tinfoil hat. There are many examples of how this type of finance-led coercion is already taking place.

  • “Now the government is asking people to apply for plastic My Number cards with a microchip and photo, to be linked to driver’s licenses and public health insurance plans. The health insurance cards currently in use, which lack photos, will be discontinued at the end of 2024. People will have to use My Number cards instead.
    Source
  • “The new subscription will guarantee the assignment of the fuel quota on a weekly basis. A QR code will be provided for each National Identity Card (NIC) number, once the Vehicle Identification Number and other details have been verified.
    Source
  • “According to a report by 9News Queensland, the department has ruled that unvaccinated teachers who were allowed to return to their employment this quarter after being placed on unpaid leave will suffer another financial blow, with a “reduction in pay “for a period of 18 weeks”.
    Source
  • “The process, which is voluntary, will use facial recognition to identify people and how many tickets they have. The technology could be extended to cover automated purchases at stands, restaurants and bars.
    Source
  • “As part of the government’s recently announced plans, Uganda will begin collecting DNA and biometric data from its citizens when their cards expire in 2024 for use in its redesigned digital identity program.”
    Source

This is just the tip of the iceberg, and it’s global. As we saw with blocks, China is the model emulated in the West. Like the creep towards health-related authoritarian measures, unelected globalists with financial interests lurk in the background.

I’d like to be wrong about all of this. However, until there is evidence, we must be wary of anyone who perpetuates this perilous path, regardless of their motivations.

For an in-depth look at this topic, I highly recommend this essay by Fabio Vighi on the Long Covid Monetary Policy. Edward Dowd also spoke extensively about the relationship between the monetary system and covid, including in this illuminating presentation. Next, the excellent Maajid Nawaz covered the drivers behind CBDC. Others, such as Marty Bent, Saifedean Ammous and Allen Farrington, have been at the forefront of identifying these risks. I share their assessment in realizing that Bitcoin probably solves this problem.

If you haven’t noticed yet, a major theme of the past three-plus years (at least) is “freedom versus control,” so it’s not hyperbole to suggest that the future must be decentralized if we’re to ensure our children grow up in a free world.

  • Josh Stylman, former tech entrepreneur, co-founder of Threes Brewing in Brooklyn, New York.

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