People cannot understand that the ushering in of their CBDC is much more serious than it seems. They do not even know that the described processes are real and are happening right now.
According to the Bank of Canada CBDC are described as being quite different from cryptocurrencies issued by the private sector. While cryptocurrencies are a digital asset that can be used as a method of payment transactions that use cryptocurrencies are listed in a public database called a distributed ledger that is shared across a network of computers and which are processed by a decentralised group of participants. For the Bank of Canada “private cryptocurrencies are generally used as an investment rather than to buy things” “because their value can fluctuate quickly and often and transactions can be expensive and take a long time to process.”
So obviously they sell you the CBDC but they don’t tell you that with CBDC the central banks will have absolute control. This is not my statement or opinion. It was the head of the Bank for International Settlements (BIS) Augustin Carstens who stated:
“The key difference with CBDC is that the central bank will have absolute control on the rules and regulations that will determine the use of that expression of central bank liability. And also we will have the technology to enforce that.”
We will witness the end of ATMs – in Malta we are witnessing this together with the closure of many branches with the remaining banks employing the least staff possible to cater for the needs of the public.
Because Communism is now having you lined up to be given a crappy service from those set-up institutions which you have been forced to trust with your own money and accounts after they pledged their bond of fate with you. Banks lend you their umbrella only when the sun is shining while asking you to give it back the minute it starts raining. And when you are fed up you will be offered their CBDC solution for a quicker convenient way of being lined up to their Communist totalitarian control as is happening in Australia.
According to new data as Australian banks continue to focus on digital transactions for customers ATMs and bank branches are disappearing across the country. Nearly 460 banks branches have closed across the country and approximately 3800 previously active ATMs have been removed. In NSW alone there are now 140 fewer in-store banks and nearly 300 suburbs do not have a single ATM to withdraw cash. Victoria has suffered the same fate with 120 branches permanently closing their doors to customers. These closures have impacted regional and rural areas leaving the elderly the disabled or those who are not digital savvy stranded.
All these as Australia accelerated towards a cashless society where fees from online banking in a modern-day digital world have become a common place bringing in a small fortune from daily digital transactions.
It has been quite a journey to keep us all safe – from “wash your hands” to “keep your distance” to “we’re freezing your bank accounts” just in two years as the WEF preaches from its pages and from banks which are still the most powerful lobby of a country where they frankly own the place while they start “delivering an easy to navigate a seamless digital platform which goes far beyond a miniaturized online banking offering.” (Jim Marous).