Getting free money from the government sounds crazy, right? Well, it’s not as crazy as it seems. In fact, it’s already happening. No, I’m not talking about Jobkeeper, Jobseeker and the other exotic number of pensions the government provides. Rather I’m referring to the rollout of the ominous CBDC.
If you don’t know what CBDC stands for, shame on you, because you should. In fact, many predict it will be the new form of currency used by all countries across the planet (and I tend to agree with them) by the end of the decade.
Stay with me and I’ll explain what it is in just a moment, but first you should know this. China is leading the world in the implementation of CBDC, which in the context of the Chinese Communist Party’s (CCP) despotism, should give us great cause for concern. (At the time of writing, China has thrice trialed free money, giving its citizens 20 mil yuan in the city of Shenzhen via a lottery. The catch? Spend it all in 10 days or it’s gone.)
So, what is CBDC and why should we be worried?
CBDC stands for Central Bank Digital Currency. Central Banks across the world are assiduously developing Block Chain technology to establish their own digital currency (Australia is the laggard). This means that the Central Banks in each country will create a digital currency in their nation’s currency, such as a digital US$, Euro and Pound, etc.
You may be thinking ‘What’s the big deal?’
I can tell you it is a big deal. A very Big Deal.
Here’s why. As the West forsakes its Christian roots and turns to Communism, this shift in policy invites more and more government control over our lives. Our God ordained freedoms won by the sacrifice of our forefathers are gradually being eroded away.
Okay I get it, you think I’m a One Nation supporter, and a conspiracy theorist (I’m neither).
Well, hear me out, your gonna change your mind when I explain what’s going on.
The Great Depression of the 2020s, or financial armageddon?
Before I present my case for the imminent arrival of an Orwellian dystopia, we need to have a sober look at the world economy and in particular the American economy, so that you can see how this is going to play out.
For the month of November, the U.S recorded its largest trade deficit in history. It was $80 billion. This how it looks in numerals: $80,000,000,000. That’s a lot of naughts. It also means that Americans spent $80 billion more on goods they didn’t make, than on stuff they did make. Simply put, goods bought from the world – minus – goods sold to the world =s $80 billion shortfall.
So how is the U.S going to pay for it? No problem just print more money, and then give its ‘paper money’ to its international creditors. Too easy.
But wait, there’s a problem. The paper money is backed by nothing, its value is perceived value. While people continue to believe it has value, they can pull off one of the biggest scams in history…. Hmmm, how long can it last?
President Nixon took the US$ off the gold standard in 1971 (27 years after the Bretton Woods agreement, which had pegged the dollar to gold, and which meant that the U.S treasury was obligated give its creditors, in gold the value of the dollars owed). He did this because the U.S was broke.
Fifty years on, and the situation isn’t just worse, it’s dire. Of every dollar the U.S government spends on services (hospital, police etc) 60c is borrowed money and 40c comes from taxes. This is why the U.S government debt is $27 trillion ($27,000,000,000,000 the largest debt owed by any government in the history of the world) and growing.
The debt bomb will blow up sometime this decade, so be prepared.
When the world’s and especially China’s patience with $US ends, the $US will tank. Tens of millions of Americans will be cast into poverty, civil unrest and riots will ensue. At this point the ‘White Knight’ enters the fray; CBDC the saviour.
The U.S government will step in, issue digital currency to its citizens’ phones for free (no need for a bank account, just an app). Instead of sending cheques (done currently) the currency will be sent to a digital account on their phone.
Digital dollars, unlike physical cash (and cheques), will be centrally controlled by the government. It would work something like this. The government places a $1000 in your account. Here’s the catch, you must spend it within a month or else the government will withdraw it. The objective being to push the currency into the economy and prevent people from saving it, oops I meant hoarding it.
But let’s explore the terrifying possibilities.
Oh, you haven’t been vaccinated for Covid-19, no free money for you. Oh, you’re a Christian you get less (or none) and you’re not allowed to spend it on Gospel projects. Oh, you’re black and transgender and female, one the quasi-oppressed (according to Critical Theory) well you get extra because of your societal disadvantage. Oh, you’re already wealthy, we’ll charge you 10% interest on your balance, until it falls below a nominated amount.
Sounds reminiscent of the Mark of the Beast. Notwithstanding, we should heed the advice of Paul to Timothy … Command those who are rich in this present world not to be arrogant nor to put their hope in wealth, which is so uncertain, but to put their hope in God, who richly provides us with everything for our enjoyment.
Vic Matthews has three degrees: B.Optom, B.Arts & B. Christian Studies. He is a kiteboard tragic, and a fledgling author, and copywriter. His books can be found at http://www.graphw.co/books/
Vic Matthews' previous articles may be viewed http://www.pressserviceinternational.org/vic-matthews.html