Humanity is entering a strange new paradigm; one in which all the rules of the game have been upended. Bubbling to the surface of our zeitgeist are earnest discussions of society’s current trajectory, law, economics, the role of government, and even the nature of money itself.
Everything is up for grabs.
Millions of ears are pressed to the ground, all listening for signs of when the bottom will collapse underfoot. In the Western world, these concerns are becoming ever stronger; even the most apolitical and uninterested smell the scent of impending change in the air.
Those accustomed to lives of relative economic stability are feeling their standard of living decrease with each passing month. Others, less well off, are feeling the ground give way.
They may not know why or how their purchasing power is being ravaged and their savings decimated, but they’re feeling it.
As the situation worsens globally, the same institutions that brought us [hyper]inflation and a constantly devalued fiat currency, have their own solution to the problem they created: Central Bank Digital Currencies [CBDCs].
“A shitcoin by any other name is still a shitcoin…” -Shakespeare, probably
Central banks have been at the helm of money manipulation for a long time. With their new brainchild- CBDCs- they intend to keep it that way.
Historically, fiat currency has been the banksters’ weapon of choice; With their hands on the lever of money creation, and the power to inflate/deflate the currency on a whim, in just over a century they’ve sucked up the world’s wealth while impoverishing everyone else.
CBDCs will prove much worse. They are:
Centralized. Programmable. Censorable. Surveilled. Of Infinite Supply. Chuck E. Cheese Tokens. Monopoly Money Nouveau. Bitcoin’s Skinwalker.
And if the banksters can convince you to hop on board, they’ll own everything and you’ll own nothing. Not even “your own” money.
Centralized. CBDCs are created and controlled by the central banks of the world. Every feature is determined by their central authority. Pigs in suits gathered around a table will decide how your money works.
Programmable. The aforementioned central authorities will write into the CBDC’s code how, what, where, when, why, and how much a person is permitted to spend within a certain time; Money programmed to turn on + off like a spigot.
Take it straight from the suited pig’s mouth:
“A key difference with the CBDC is 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.” – Augustin Carstens, General Manager of the Bank for International Settlements [ie the Central Bank of central banks]
Censorable. Cancel Culture has nothing on censorable currency. Since CBDCs are programable, they can – and will be – a means to censor selct users. Criticize your corrupt government? Zero CBDCs for you. Have the wrong politics? Tokens, frozen. Consuming too much red meat for the month? Monetary demerit. Not acquiescing to a government-forced medical treatment? Barred from transacting. Using too much gas to heat your home? Car fuel? Flight miles? Your money is now expired.
This isn’t science fiction, and it’s not the future. This slice of dystopia is already the reality for millions of people living under communist China’s Social Credit system. Wrongthink, wrongspeak, and all other thoughtcrimes are punished via monetary and societal deprivation.
Not to be outdone, the Nigerian government is making moves to force its citizens onto the eNaira. When their CBDC failed to pick up traction since 2021, the government retaliated by first limiting bank withdrawls, then outlawing cash. As of 2023, Nigerians are burning down ATMs while others are flocking to Bitcoin.
Coming to a country near you.
Surveilled. Every transaction on the CBDC’s blockchain will be surveilled by alphabet agencies, and create a back door to every financial account for central banks to peruse. What’s left of financial privacy will go the way of the Dodo bird; Every meal choice, box of condoms, heterodox book, donation to political candidate or organization will be laid bare for a small group of unbelievably powerful people to see. Your data is their commodity and nexus of their control.
Infinite Supply. What is the value of a currency without scarcity? CBDCs hold no value that but for the State’s monopoly on violence. In this way, CBDCs don’t differ much from our current Fiat 1.0 system; value is derived by fiat [by decree of an authority] and otherwise limitless, worthless money is forced onto the populace.
Chuck E. Cheese Tokens. Spending mechanical mouse money is limited to the confines of the Rat King’s pizzaria. So long as the coin bearer remains within the royal walls, cheap food, cheap toys, and cheap thrills are all available for purchase; Go outside the gates and the money’s value evaporates.
CBDCs will work similarly, with allowable transactions reserved for: State-approved food, state-approved services, state-approved fuel rations… you get the picture. An obscenely-sized rodent’s toy coin holds more value than the banksters’ Monopoly money nouveau; At least Chuck E.’s “gold” can be turned into kitsch jewelry or nostalgic keepsakes. The same can’t be said for banksters’ shit coins.
Bitcoin’s Skinwalker. CBDCs parasitize Bitcoin and dance around in its skin; They defile the tenants of sound money written in its code and invert perfection. Ironically, this is why Bitcoin will win.
Bitcoin > CBDCs
It’s rare that a captor falls asleep at the wheel, allowing the captives a possibility of escape- but that’s exactly what happened in 2009.
After over a decade of cypherpunks experimenting with various versions of magic internet money, Bitcoin’s white paper was released to the world. The suited pigs allowed a once-in-a-lifetime discovery – lightning in a bottle – to metastasize right under their noses.
Since then, bitcoin has fulfilled its promise as a hard money that is: Decentralized, directly peer-to-peer [P2P], divorced from the State, finite, censorship-resistant, borderless, immune from inflation, inevitable, and unstoppable.
It’s our silent weapon in this quiet war.
After 14 years, bitcoin is no longer a baby, and CBDCs can’t compete. The party’s been raging, and CBDCs just rolled up only to find bitcoin is the undisputed GOAT.
While CBDCs boast centralization, programmability, censorship, restrictions, and no way to store wealth, bitcoin has proven itself as the People’s money.As the value of the world’s fiat plummets, bitcoin’s value continues to rise. As the money printer goes brrrrrr, Bitcoin’s supply remains finite. As authoritarian governments try to ban Bitcoin, miners still mine, plebs still buy, and transactions continue unabated. As politicians freeze bank accounts, Bitcoin remains forever open.
Bitcoin is the bankster’s Chinese finger trap: The more they struggle, the tighter bitcoin’s grip on freedom. That’s not to say “they” won’t fight. They absolutely will. And it might get ugly.
Propaganda. Sanctions. FUD. Attacks on Free Speech. More bank accounts frozen. Closing on-ramps. Blacklists.
But all the beast’s thrashing won’t save it from its inevitable demise. Banksters have their sights set on soon implementing a global currency – one Chuck E. Cheese token to rule them all – but Bitcoin beat them to the punch. And beat them badly.
The stakes have never been higher, and people are getting wise; When forced to make a decision between a money that robs or a money that retains value, people choose the latter. When governments try to force CBDC adoption [a la Nigeria], plebs buy more Bitcoin. Around the world, people are noticing the inflation, the coercion, their sliding standard of living, and are looking for a way out.
As former IMF Director, felon, and current lizard person, Christine Lagarde, said: “If there’s an escape, that escape will be used.”
How right she is.
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