1. Home
  2.  » 
  3. Economics
  4.  » Expiring Digital Currency – Ration Cards of the Future?

(Of course, it’s your private property that will be abolished, not theirs. Yours will be theirs.)

henrymakow.com – Dec 28, 2021

Combined with digital ID (implemented under the guise of vaccine passports), central bank digital currency will lead to a new form of slavery where constant compliance with every demand of the elite is required to obtain the basic necessities of life.

by CR – (henrymakow.com)

The Bank of Canada recently published a paper (https://www.bankofcanada.ca/wp-content/uploads/2021/12/swp2021-67.pdf ) outlining a proposal for a central bank digital currency (CBDC) which expires.

(This is from the World Economic Forum website). Click to enlarge

When the World Economic Forum says “You will own nothing, and you will be happy”, they aren’t joking. If they get their way, you won’t even be able to save money and will be living hand-to-mouth. Digital currency will be like a high-tech ration card, only valid for a given time and not renewed unless you are sufficiently obedient to the state.

The paper attempts to present expiring currency as a beneficial idea. Supposedly it will allow the central bank to reimburse lost or stolen money, but how does a CBDC have a greater risk of being lost or stolen than your account balance in our current system which exists as nothing more than numbers in a computer?

 

Continues …