{"id":266603,"date":"2023-03-20T07:55:06","date_gmt":"2023-03-20T07:55:06","guid":{"rendered":"https:\/\/www.thetruthseeker.co.uk\/?p=266603"},"modified":"2023-03-21T07:46:03","modified_gmt":"2023-03-21T07:46:03","slug":"wef-pushes-for-end-of-cash-amid-banking-crisis","status":"publish","type":"post","link":"https:\/\/www.thetruthseeker.co.uk\/?p=266603","title":{"rendered":"WEF Pushes for \u2018End of Cash\u2019 amid Banking Crisis"},"content":{"rendered":"

Frank Bergman — SLAY News March 18, 2023<\/strong><\/h1>\n

The World Economic Forum (WEF) is hailing the opportunity presented by the global banking crisis to advance toward its goal of a \u201ccashless society.\u201d<\/p>\n

Klaus Schwab\u2019s WEF believes that the recent collapse<\/a> of several large banks has created an ideal argument for \u201cthe end of cash.\u201d<\/p>\n

The WEF has teamed up with key banking elites to present plans for eradicating the traditional monetary system and replacing it with centralized digital cash.<\/p>\n

The idea has been promoted by the WEF for some time as part of its \u201cGreat Reset<\/a>\u201d agenda.<\/p>\n

The globalist organization has laid out its plan for the ultimate demise of physical cash in an article<\/a> on the WEF website authored by Deutsche Bank Macro Strategist Marion Laboure.<\/p>\n

Laboure, a WEF member<\/a>, focuses on the World Economic Forum\u2019s plan for \u201cthe end of cash\u201d by ushering in central bank-issued digital currencies (CBDCs) on a global level.<\/p>\n

CBDCs are a centralized model favored by globalist governments and economic elites, but they should not be confused with decentralized cryptocurrencies such as Bitcoin.<\/p>\n

As Slay News has reported<\/a>, concerns have been mounting over the push for government-controlled CBDCs.<\/p>\n

As we\u2019ve recently seen<\/a> with governments censoring citizens on Big Tech platforms, CBDCs would give authorities a disturbing level of control<\/a> of individuals\u2019 lives.<\/p>\n

The public\u2019s spending habits could be tracked by the government and those who dissent could be easily penalized or even cut off.<\/p>\n

The WEF singles out Sweden, Brazil, and China as those countries that have made particular strides in moving toward digitized versions of CBDCs.<\/p>\n

In fact, such is the enthusiasm that the WEF\u2019s Deutsche Bank official sees the future dominance of CBDCs, taking over at the expense of cash as something \u201cinevitable.\u201d<\/p>\n

The pandemic is \u201ccredited\u201d with expediting matters on this front, particularly in Sweden.<\/p>\n

Meanwhile, the rate at which governments are advancing toward CBDCs is either alarming or impressive, depending on how you view the trend.<\/p>\n

The WEF article notes that 90% of central banks around the world are now in the process of creating and\/or trialing a CBDC.<\/p>\n

That number has doubled in just one year.<\/p>\n

While CBDSs are considered highly controversial by a significant number of privacy and security experts, Laboure suggested that governments should \u201csell\u201d their use to the public by claiming they offer better physical safety.<\/p>\n

It seems that the pandemic was not the only force driving Sweden to be turning away from cash, but also powerful appeals to emotions delivered by public figures.<\/p>\n

ABBA\u2019s Bjorn Ulvaeus apparently believes that the presence of cash is the reason homes get burgled.<\/p>\n

Ulvaeus says it was his own son\u2019s experience with burglars that prompted this \u201canti-cash evangelism.\u201d<\/p>\n

However, most burglaries involve the theft of property rather than money as it\u2019s rare that people keep large sums of cash in their homes.<\/p>\n

Ulvaeus was not alone, because the Swedish government has been fully on board for at least a decade now.<\/p>\n

And the desired results were inevitable.<\/p>\n

\u201cAccording to a 2020 survey by Riksbank, from 2010 to 2020, the proportion of people in Sweden who used cash fell from around 40% to less than 10%,\u201d the WEF\u2019s Deutsche Bank strategist writes.<\/p>\n

In China, these figures show decreased circulation of money to 8.2% of GDP in 2022, from 11% in 2012.<\/p>\n

High-interest rates also affect lower amounts of cash in circulation, Laboure writes.<\/p>\n

But now, geopolitical moves and decisions are producing high inflation, which tends to have the opposite effect.<\/p>\n

However, the WEF admits that its ultimate goal of ending cash may be some way off, despite the recent \u201ctrend toward a cashless society.\u201d<\/p>\n

Nevertheless, the WEF appears to be convinced that it\u2019s only a matter of time before cash is eliminated.<\/p>\n

\u201cDespite the trend toward a cashless society and CBDCs\u2019 progression, the end of cash is still far in sight and will still be used as a store of value and means of payment for some time,\u201d the WEF article warns.<\/p>\n

In the meantime, cash, physical assets, and decentralized crypto remain the only way for people to preserve their privacy and have full control over their finances.<\/p>\n

 <\/p>\n

Source <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

According to the elite, every disaster brings its own opportunities. As far as the WEF is concerned, the recent collapse of several large banks has brought \u201cthe end of cash\u201d closer<\/p>\n","protected":false},"author":39262,"featured_media":213753,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[66],"tags":[],"class_list":["post-266603","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-Economics"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/266603","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/users\/39262"}],"replies":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=266603"}],"version-history":[{"count":4,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/266603\/revisions"}],"predecessor-version":[{"id":266607,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/266603\/revisions\/266607"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=\/wp\/v2\/media\/213753"}],"wp:attachment":[{"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=266603"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=266603"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.thetruthseeker.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=266603"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}