The Deeper Dive: The Cashless Society is Here!
And it is spreading like a pandemic around the world.
The first part of this article is free to everyone in order to bring everyone up to date on how rapidly the world is collecting its citizens into a totally centralized cashless society. It also includes links and a password to give you access to some previously privileged content about the move toward cashless control that was originally for my Patrons only. I want to make sure everyone has access to the big picture that was once conspiracy theory but is now mainstream news starring major actors who are playing themselves.
The International Monetary Fund is making sure all digital currencies are global
First, a little refresher on what we’ve already seen in the news this month and covered in editorials in The Daily Doom:
The first big story was the push by the International Monetary Fund to make sure allcentral-bank digital currencies (CBDCs) work on a global platform right out of the gate. The IMF wants to makes sure digital currencies that are controlled by central banks as each nation’s legal tender don’t starts off with each nation doing its own thing to where they struggle to integrate globally over time. So, it is creating a global platform.
In an article titled “IMF Pushes Global Central Bank Digital Currency Platform as Cashless Trend Builds Steam,” we learned …
In case you were concerned your nation’s first move into a digital currency changeover would not work globally, the IMF is letting you know they have this covered … or are hard at work on solving it. It is not there yet, and that may be what is holding up CBDCs’ large-scale rollout:
It is vital to the globalists that we do not do anything in a decentralized way. God forbid cryptocurrencies should cut central banks out of central control of the currency in use. Then where would their power be?
So, global they are going to be … pretty much right out of the gate, though some are past “out of the gate” and have crossed the finish line:
This is a determined globalist move:
To accomplish Earth’s move to becoming a global cashless society, the IMF has increased the staffing it has working on digital currency.
We also learned just this month that the UN seeks to make sure you have a digital ID attached to your bank account. I wrote about this in an earlier editorial, so I won’t repeat it all here. (“Line Up for your Global/Interstellar ID Number”) I’ll quote just one paragraph of that as a refresher:
You can read all about Guterres’ initiative in that editorial, but the active integration here is the important point. The silence of global leaders expressing any concern about these global digital IDs is deafening. Bill Gates pushed for the same thing during the Covid pandemic (for everyone’s wellbeing of course). I wrote in detail about Gates’ push for global digital IDs clear back in the early Covid days for RT and on my past site here: “CASHLESS SOCIETY 2020: Bill Gates Goes Viral on Digital ID and Digital Currency.”
If anyone thinks this is not a globalist agenda, they should note the articles quoted here state that the UN is working in conjunction with the IMF. The UN is pushing the digital ID attached to your bank account, while the IMF is pushing the global integration of all digital currency. In a video at the end of this article, the head of the world’s largest central bank, the Bank for International Settlements, also pushes hard for the new CBDC system.
So we have a global digital currency system being worked out openly now by numerous major players that will be attached to each person’s identity and bank account. The UN even titles its program “Our Common Agenda.” “Brief 5” of the common agenda is titled: “A Global Digital Compact — an Open, Free and Secure Digital Future for All.” They have no reservations in stating their agenda is a common globalist digital compact to create a digital future for everyone that includes (another title) “Reforms to the International Financial Architecture.”
We are clearly very deep into the process of the entire world switching to an integrated digital currency system tagged to you and your bank account.
Where is the US in all of this?
Digging a little further back for those who joined the conversation after I switched from writing on The Great Recession Blog to focusing on The Daily Doom, the US is not far behind on all of this. I wrote sometime last spring about how Biden ordered all government agencies to lay out clearly the ways in which a dollar-based CBDC would impact them and how they would integrate with it by that fall.
Then, in September, the Biden Administration issued a paper detailing the technical framework for a central-bank digital currency in America, and in October/November the Fed began beta-testing such a system with 100 chosen banks. Finally, the Federal Reserve planned to premier its centralized “distributed” ledger that could be the backbone of this system this July, and here we are.
This week the announcement came out that banks are starting to use it to clear all transactions nearly instantaneously: (This is no longer the beta test. This is a decision by these banks to begin a permanent transition to this system.)
That system, I wrote not long ago, will likely become the backbone of the Fed’s own CBDC when the digital dollar is ready to roll out. I look at it as, first they are going to get all banks using this instant digital transaction system so they can get all the bugs worked out. As that happens, they will start switching all of society over to using it at stores, which will happen as retailers start to see the benefits how it will befit their cashflow and entice electronic shoppers with handy apps. Last of all, they will switch to their CBDC replacement for cash, which is, therefore, likely still a little ways away. (And most likely their CBDC, when they do roll it out, will run concurrent with digital dollars as we already know and use them on this system before they just take our unprogrammable, anonymous cash away. The Fed is nothing if not patient:
I wrote about that in an earlier article exclusively for Patrons of The Great Recession Blog, but I will now make it available to all readers: “Will We be Force-Fed Fedbucks.” (To read the article, click the link, then enter the password frogs.)
While Chair Powell says otherwise, some now are agreeing with me:
So, maybe the Fed’s CBDC is a few years away still, but an instant payment transaction system that could easily become the backbone of a cashless system did come about “very, very soon.” The United States is already running on it, as of this week, and you probably didn’t even notice the difference. To consumers, the only observable difference will be how rapidly your checks or debit transactions post to your account if your bank is on the system. This year, I’m sure, will focus on drawing as many banks into the net as possible.
I think the Fed’s denial that FedNow is related to adoption of a CBDC simply means the Fed was going to go to FedNow well before a CBDC was adopted and even should a CBDC never be adopted. And it did, even as the Fed continues to work out how its CBDC will integrate with the UN’s agenda and the platform already being developed by the IMF. FedNow, however, will make adoption of instant CBDC transactions readily possible.
I think the Fed is also denying the connection to avoid controversy:
Here is their full clarification statement:
Clearly, most banks are not up and running on FedNow yet, and certainly most retailers are not. However, the Fed has said, as mentioned in my article referenced above, it intends for private developers to use the platform to create all kinds of apps that will work wonderfully well for instantaneous digital transactions between banks, retailers, and their customers. The article explains how those apps will be enticing to consumers. It is a matter of gaining broad acceptance before going to a CBDC.
As the rollout spreads, all of the Fed’s conventional payment/transaction systems that run slower, such as FedWire, are, of course, still available because most banks are not yet part of the rollout, but the Fed is anticipating they will want to join quickly. For now, the banks need all the old transaction mechanisms so they can all keep talking with each other.
To give you a sense of how quickly that can happen, the Fed indicates the acceptance of FedNow originally hit a wall because major banks were holding out. They didn’t see it as having any new benefit over old systems, but it did’t take long for them to see the benefits:
The service will compete with private sector real-time payments systems, including The Clearing House's RTP network, and was initially opposed by big banks who said it was redundant. But many have since agreed to participate on the basis that FedNow will allow them to expand the services they can offer clients. "For us, FedNow really is a wonderful way of expanding reach," said Anu Somani, head of global payables and embedded payments at U.S. Bank….
The key is that those major banks are rapidly seeing how all those promised apps at the retail level will, as I laid out in those earlier articles of mine, cause lots of retailers to demand their banks provide full integration with this Fed service — so many apps for everything to lure the customer’s eyes with instant bank transactions at every site they shop from. (That idea is especially appealing for the retailers because they will get the cash flow from sales verified into their own bank account within seconds.) So the push is on! It’s more like a race now.
So, the path to a full CBDC may be a little slower than I first thought it would be, though I have noted for a few years that the Fed is being very deliberative about the whole process. It’s just a little more deliberate than it sounded like it might be with all of Biden’s edicts last year. It is, however, picking up speed quickly.
One thing that always makes sure there are no straight lines to any goal in economics — even those of global central bankers — its that there are always counterforces that arise like that backlash concern the Fed just seemed to be trying to circumvent … even at or near the top. Not everyone running for president in the Democratic Party, for example, is in line with the globalist agenda and one candidate in particular is pressing against it to try to raise that backlash:
Those are the risks that many have now noted about CBDCs and that I have also been warning of for a few years. CBDCs are controllable (“programmable”). Your access, as I keep warning, can be turned on or turned off. As I said in a recent editorial, you may think you don’t need to worry about that because you haven’t anything illegal hide in your transactions. You need to worry about what new laws, like recent vaccine mandates, the government decides to impose that you decide to write against, protest against, or avoid. You need to worry about governments throughout the world that already clearly proved (as if it were a test run) they will lock you out of participation in social events and spaces (and soon out of your own bank account as happened briefly to Canadian truckers and to protestors in Pakistan) and even out of your livelihood (as they did to me) if you protest your government or simply don’t comply with the next emergency mandates.
(I also talk about the above stories in my recent interview on Rethinking the Dollar, if are interested and haven’t seen it yet.)
And that brings us, in the next section, to a look at the frightening details (in their own words) on …
How they are going to roll it all out…
The powers that be are not hesitant in saying outright that what they need in order to get cooperation is another pandemic or some other kind of global shock:
We, of course, all experienced how rapidly such shocks can work through the world when citizens across the world, without any direct representation, were stripped of their normal social rights to walk around freely, to write freely, in some cases to protest freely, and even to gather together for worship under former religious freedoms, and even to decide what drugs go into their own bodies or even to earn a living. The stripping of long-held basic rights were stripped away for the public good by legislatures, presidents/prime ministers and governors, even mayors.
I was one who was fired for refusing to become vaccinated. Yet, I got Covid and, in two weeks (at age 63 and overweight) got over it and recovered perfectly, while I know others vaccinated 2-4 times who came out far worse. And I did not — that I am aware of — infect anyone other than my fully vaccinated wife.
The WEF, the UN, the IMF and all these other non-government powerhouses learned from that experience that there is nothing like a frightening health crisis (whether it is fully real or fully imagined) to make the world compliant in losing its freedoms. In fact, they learned so much from it that some speculate (for example, in the video at the end of this article) the pandemic may have just been a beta run.
You can hear him in his own words here, which he ties to meetings and reports of the World Economic Forum: (He makes that particular point at the 7-minute mark.)
As you can hear, these globalists admit they have missed in all their forecasts, and the movement toward a world order has plenty of dissonant voices, even within it. In spite of all the centralized power these non-elected bodies managed to grab during the pandemic, forcing their plans on everyone, these speakers at this event do not see that as enough or even as a success.
There is no straight path to their future. They cannot even adequately see the future a year or two down the road, as they describe in this video; yet, they relentlessly believe they must push for the kind of global cashless society described above and for a global world order. The key phrase is the one used above by the IMF: relentlessly together. You also hear them talk about their need to control the conversation, particularly on social media, which has become the center of the world politic.
One of the key flaws they bring up over and over in their conversation about the new world order they would obvious like to see is the fragmentation between nations. Dr. Bris is, at least, wise enough to realize this is a real problem throughout the world that stands in the way of the “New World Order” and in the way of the global currency. He is, however, foolish enough to say Europe, fragmented as it is, is the answer — the path forward.
That is deluded because Europe has barely managed to hold the euro together as financial stresses grow between nations that naturally have very different economies; yet, Europeans have far more in common with each other than, say, Europe has with South America or India. This is always the downfall and danger of globalism. Centralized power and centralized economies or currencies cannot manage the disparate people of this world. So, they wind up destructively forcing surrounding nations to comply — just as Hitler and Stalin did.
What they should see is that the struggles of Europe to hold together (think of Brexit and the oft’-talked-about Grexit and Italeave) are compounded when you try to fold in Africa and China and Taiwan and India and South America. It absurd to think there can be “one ring to rule them all.”
That kind of system is like a statue made of iron and clay — the two do not form an alloy that binds together in unity with equity for all. It easily crumbles apart. Trying to force it with central control inevitably leads to austere and autocratic processes. If you cannot have a euro that holds together equitably for each country in Europe, how much less can you have a single currency for the world. Yet, that relentless push together is their clearly stated agenda … even if it takes another crisis to get it to happen. How diabolical … yet stated right out in the open. Though they do not state they intend to engineer such a crisis, one does not get the impression they would hesitate to do so.
Notice, too, how everyone wants to think they are going to lead the coming transformation. Bris believes Europe will lead it, but he knows the US wants to lead it. China wants to lead it, and Russia wants to break it if it can’t lead it. None of these major national entities is too inclined to give up their lead. So, they will work to make sure, if some kind of global currency develops, they, at least, have an edge over the others. That means there are always going to be designed fractures — control joints.
Crisis can bring diverse parties together for survival, including survival of their central plans, but when the crisis is over, the unity typically starts to fall back apart. Human history is replete with that. Close relationships that form out of crisis and immediate need usually do not endure beyond the crisis.
The need of a shock to reset the system was brought up by other powerful voices at another summit that was attended less than a month ago by the biggest of banksters and globalist leaders — “The Summit for a New Global Financing Pact”:
Kind of makes one wonder whether that is why the always-complicit mainstream media has been running so many stories of calamity this month that always start out with “human caused climate change.” I’m not suggesting they could engineer the heat, and I’m not even sure they are lying about it being record-breaking; but they are certainly all using it to score major points about climate change as the intro to each story.
If you need a good reset crisis, it appears they have found one they might hope to attach to.
That does gain a new sense of meaning when we reflect back to what we just heard about needing a crisis to establish “the global reset” back in that February conference in Dubai. I personally have never witnessed any destabilizing of financial systems due to weather. I’ve only seen destabilization of financial systems due to the people who are operating them.
Now, if we will trust the control of our weather to these same people, everything will be made better; but how would bankers save the world from a climate crisis?
Ah, so use the taxes or credit of governments and dole out the money through the UN and its apparently affiliated banks. That is one path that might be easier to maintain control of with a central global currency system that has a digital ID tagged to each individual’s bank account.
Whether all the climate crisis news is being pumped and massaged toward that end or not, I have long suspected that, too, and long made that same argument that a global financial crisis would be the needed tipping point to get us to slide as quickly into a global currency as the answer to the crisis. After years of writing that, we saw how a global health crisis got the world to give up so many other long-held rights.
If the present “heat dome” crisis goes away at the end of the summer like so many of those other crises the UN, et. al. thought they could use to aggregate control, then why not a crisis they have proven quite capable of orchestrating and sustaining on their own … like a good financial crisis baked out of inflation — the very kind of heat bankers can directly control — as the banking expert in the video below describes? They have been making and sustaining those for years, and I have written for years that such a crisis would bring on the global cashless system.
If only we had a single global central bank digital currency the top bankers could use to help overcome the climate crisis or the next health crisis by collecting and “equitably redistributing” the wealth. If only….
The final two sections and video below lay out their scheming plans (in their own words) as to how they will now implement this global cashless system as quickly as possible. They might need some higher form of intelligence to guide them on this.
The masters state that artificial intelligence will soon drive The Great Reset plan
Keep reading with a 7-day free trial
Subscribe to The Daily Doom to keep reading this post and get 7 days of free access to the full post archives.
Send this article to a friend: