{"id":331923,"date":"2026-10-10T05:54:09","date_gmt":"2026-10-10T05:54:09","guid":{"rendered":"https:\/\/www.thetruthseeker.co.uk\/?p=331923"},"modified":"2026-10-10T06:18:25","modified_gmt":"2026-10-10T06:18:25","slug":"flashback-the-birth-of-cbdcs","status":"publish","type":"post","link":"https:\/\/www.thetruthseeker.co.uk\/?p=331923","title":{"rendered":"Flashback: The Birth of CBDCs"},"content":{"rendered":"

Kit Knightly \u2013 Off-Guardian Oct 9, 2026<\/strong><\/h1>\n

We were supposed to be on social credit systems by now, paying for everything with the chips in our palms the retinal patterns in our eyes, using a currency of tokens that either your employer or the state can program to be spent only on certain things, in certain places or at certain times.<\/p>\n

That was the plan. Programmable central bank digital currency \u2013 CBDCs.<\/p>\n

An idea first floated in the mainstream media five years ago this month, discussed in the below article first published five years ago almost to the day<\/a>.<\/p>\n

But five years later, where are the CDBCs?<\/p>\n

They are apparently still in development. They have been delayed in places, cancelled in others. They\u2019re coming at a snail\u2019s pace, and with markedly degraded enthusiasm.<\/p>\n

But why?<\/p>\n

Is it a case of violent rejection causing a change in plan, as we discussed with the \u201cclimate lockdown\u201d flashback<\/a>? Not really. It was more of a fizzle than a sudden stop.<\/p>\n

Maybe it\u2019s another case of a tyrant\u2019s eyes being bigger than their stomach, we\u2019ve seen that before. The General Wesley Clark memo claimed the US Empire would conquer 7 countries in five years, it managed just six and it took them two decades. CBDCs might be similar. A python choking to death on an aligator.<\/p>\n

Or maybe the technology just isn\u2019t there, and the excited plans the media were pushing five years ago were the equivalent of an inventor seeing dollar signs before success and rushing out to patent a pencil sketch on a napkin with no proof of concept, let alone reliable results.<\/p>\n

It\u2019s potentially a combination of some or all of these things. But it\u2019s also true that the mechanism of the media has changed in that time. There was evidently a belief, at the time, that the public mind was captured to the point the ruling class could just say whatever they want, and the masses would just nod mutely.<\/p>\n

Now they know that\u2019s not true. Because we taught them. So they have learned to hide their messaging in acres of white noise and unending nonsense. the revelation of the method has turned into burying the signal. They don\u2019t talk about what they want as loudly anymore, because it turns out some people were listening.<\/p>\n

That doesn\u2019t mean anything has changed.<\/p>\n

We need to remember the CBDC agenda very much exists. A casual google will give on-going developments on the digital yuan, ruble, won and rupee. The digital euro is plodding along as well.<\/p>\n

It\u2019s still there, the desire to control every financial transaction you make, and steer how and where you spend your money. Ultimate control.<\/p>\n

It\u2019s still what they want, even if they\u2019ve stopped saying it quite so loud.<\/p>\n

KK<\/p>\n

*<\/p>\n

Building on the bitcoin model, central banks are planning to produce their own \u201cdigital currencies\u201d. Removing any and all remaining privacy, granting total control over every transaction, even limiting what ordinary people are allowed to spend their money on.<\/p>\n

From the moment bitcoin and other cryptocurrencies first emerged, sold as an independent and alternative medium of exchange outside the financial status quo, it was only a matter of time before the new alternative would be absorbed, modified and redeployed in service of the state.<\/p>\n

Enter \u201cCentral Bank Digital Currencies\u201d<\/a>: the mainstream answer to bitcoin.<\/p>\n

For those who have never heard of them, \u201cCentral Bank Digital Currencies\u201d (CBDCs) are exactly what they sound like, digitized versions of the pound\/dollar\/euro etc. issued by central banks.<\/p>\n

Like bitcoin (and other crypto), the CBDC would be entirely digital, thus furthering the ongoing war on cash<\/a>. However, unlike crypto, it would not have any encryption preserving anonymity. In fact, it would be totally the reverse, potentially ending the very idea of financial privacy.<\/a><\/p>\n

Now, you may not have heard much about the CBDC plans, lost as they are in the tangle of the ongoing \u201cpandemic\u201d, but the campaign is there, chugging along on the back pages for months now. There are stories about it from both Reuters<\/a> and the Financial Times<\/a> just today. It\u2019s a long, slow con, but a con nonetheless.<\/p>\n

The countries where the idea progressed the furthest are China and the UK. The Chinese Digital Yuan has been in development since 2014<\/a>, and is subject to ongoing and widespread testing. The UK is nowhere near that stage yet, but Chancellor Rishi Sunak is keenly pushing forward a digital pound that the press are calling \u201cBritcoin\u201d.<\/p>\n

Other countries, including New Zealand<\/a>, Australia, South Africa and Malaysia<\/a>, are not far behind.<\/p>\n

The US is also researching the idea, with Jerome Powell, head of Federal Reserve, announcing the release of a detailed report on the \u201cdigital dollar\u201d in the near future<\/a>.<\/p>\n

The proposals for how these CBDCs might work should be enough to raise red flags in even the most trusting of minds.<\/p>\n

Most people wouldn\u2019t like the idea of the government monitoring \u201call spending in real-time\u201d<\/a>, but that\u2019s not the worst it.<\/p>\n

By far the most dangerous idea is that any future digital currency should be \u201cprogrammable\u201d. Meaning the people issuing the money would have the power to control how it is spent<\/strong>.<\/p>\n

That\u2019s not an interpretation or a \u201cconspiracy theory\u201d, just listen to Agustin Carstens, head of the International Settlement Bank, speaking earlier this year:<\/p>\n