Banks will 'tokenize' customer deposits to pave way for CBDC
Feb 26, 2024 14:20:32 GMT 8
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Post by NFA on Feb 26, 2024 14:20:32 GMT 8
Banks will 'tokenize' customer deposits to pave way for CBDCs
Digital tokenization explained in simple, plain English
Digital tokenization explained in simple, plain English
Leo Hohmann Feb 26, 2024
Christine LeGarde, a globalist French politician who has been president of the European Central Bank since 2019, has recently announced that the European Union is getting closer to launching its new central bank digital currency.
Once this happens, you can bet the U.S. Federal Reserve will feel more pressure to launch its CBDC.
LeGarde, using classic political posturing, speaks out of both sides of her mouth. On the one side, she promises the new digital euro will be purely voluntary and that paper cash will always be an available option. On the other, she says that she has no real control over the details of the new digital currency because that will be left up to E.U. legislators.
Watch this report from CPA Lena Petrova, who says banks will tokenize customer deposits before they roll out their CBDCs.
Once this happens, you can bet the U.S. Federal Reserve will feel more pressure to launch its CBDC.
LeGarde, using classic political posturing, speaks out of both sides of her mouth. On the one side, she promises the new digital euro will be purely voluntary and that paper cash will always be an available option. On the other, she says that she has no real control over the details of the new digital currency because that will be left up to E.U. legislators.
Watch this report from CPA Lena Petrova, who says banks will tokenize customer deposits before they roll out their CBDCs.
Petrova laid out the key to the coming digital system. They will tokenize your assets. The other part of the deal is that they will also tokenize your existence through the issuance of a digital ID. Any asset, living or nonliving, can be tokenized.
What is a digital token?
Wireless token technology has been around since 2008. A wireless token is like a serial number printed on a dollar bill, including a series of letters and numbers, only with tokenization those letters and numbers can change every ten seconds. These changes provide authentication.
What is a digital token?
Wireless token technology has been around since 2008. A wireless token is like a serial number printed on a dollar bill, including a series of letters and numbers, only with tokenization those letters and numbers can change every ten seconds. These changes provide authentication.
The powers who are pushing the world into a one-world digitized economy don’t want to admit it yet but this is a system meant to replace all of the world’s paper fiat currencies. All of those paper currencies are destined for the dust bin.
At some point they will engineer a switcheroo, offering you X amount of tokenized assets in return for your paper dollars.
Let’s face it, the central banks can easily nudge people into the digital currency simply by devaluing the paper dollars through hyper inflation. If the paper dollars and euros become basically worthless, most people will leap at the opportunity to convert those worthless pieces of paper into what will be seen as the next big thing, the solution to hyper inflation — which will be CBDCs. These CBDCs may even be backed by gold, silver or some other hard asset, making them appear much more “safe and secure.”
As I discussed in my previous article [ Will CBDCs destroy what's left of freedom in the world? ], the catch is that the new digital tokenized “cash” will come with many restrictions on how and where and with whom it can be spent.
Let’s face it, the central banks can easily nudge people into the digital currency simply by devaluing the paper dollars through hyper inflation. If the paper dollars and euros become basically worthless, most people will leap at the opportunity to convert those worthless pieces of paper into what will be seen as the next big thing, the solution to hyper inflation — which will be CBDCs. These CBDCs may even be backed by gold, silver or some other hard asset, making them appear much more “safe and secure.”
As I discussed in my previous article [ Will CBDCs destroy what's left of freedom in the world? ], the catch is that the new digital tokenized “cash” will come with many restrictions on how and where and with whom it can be spent.
So do not believe the lies from Christine LeGarde or any other globalist bureaucrat who say we “will always have cash.”
You can count on the big switcheroo, whether it’s part of a incremental process over a period of years or whether it’s done quickly in the midst of a financial crisis, the cashless society of the future is about to be rolled out.
You can count on the big switcheroo, whether it’s part of a incremental process over a period of years or whether it’s done quickly in the midst of a financial crisis, the cashless society of the future is about to be rolled out.