CBDC

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energy sector
Apr 9, 2009
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Some are out in left field but not all conspiracies have been incorrect. Only the ignorant and blind believe everything in life is white and black.
As for central bank digital currency?
I'm not an expert on this and no one else here is either except for
opinions and discussion only. However, I wouldn't bet against it but, I've never researched deeply it that myself so, I'm not too sure about it. I've read bits and pieces about it, but, again...I'm no expert. However, If I was betting man on what I've gathered? I'd be on the side of " won't happen " the way many think it will. What and how? No clue.

Central Bank Digital Currency. I remember not to long ago this topic was considered "conspiracy" talk.

The FP just put out a poll asking for public input. I guess I'm not alone with my feelings, as it stands at over 90% against.
https://financialpost.com/fp-finance/cryptocurrency/digital-canadian-dollar-bank-of-canada
 
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nan

Well-known member
May 1, 2015
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The uninformed folks are probably thinking how is this different than doing online banking and purchases. Well it's only similar in that it's done digitally, but who actually controls the funds is different.

The fear with CBDCs are they are government issued and therefore it's centrally controlled. If most of your money is CBDC then the government can easily shut you down financially if they decide you're some menace to the status quo. They could technically prevent you from purchasing something the government deem as "illegal." It's really not that far out to a social credit system; it's very black mirror-esque.
 

Equity Market investor

energy sector
Apr 9, 2009
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Couldn't agree more. This past week on BNN. The Federal Bank of Canada announced a public consultation with a digital loonie. Too me, this is the beginning of what may --- potentially --- be the disruption towards the " under ground " world.

Visiting escorts, for example, may be a real game changer.

https://www.bnnbloomberg.ca/what-wo...ar-look-like-public-input-is-wanted-1.1917332




That's the catch right there, the majority of people have no idea what is about to take place in the not so distant future.
 
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Hawker17

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Apr 2, 2014
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You will see barter system come back big time in my opinion, i think its already a lot more prevalent at least in my world it is

but i 100% agree its coming sooner rather than later, the first step was limiting cash during covid, its slowly taking away the notion of cash, which is terrible.

i am a very pro crypto guy but not cbdc’s
 

Equity Market investor

energy sector
Apr 9, 2009
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And just think a couple years ago so so many people on social media said conspiracies on digit currency " were out to lunch ". Interesting how many of those are now coming to light. I agree with you. It'll be here much sooner that later unfortunately. And again...ladies on Perb should take note if and when this arrive. Many people in the industry I'm involved are already very aware of this. Myself, I'm still in the dark exactly how this will fold out universally. And you're right. Bartering could very well reignite.


You will see barter system come back big time in my opinion, i think its already a lot more prevalent at least in my world it is

but i 100% agree its coming sooner rather than later, the first step was limiting cash during covid, its slowly taking away the notion of cash, which is terrible.

i am a very pro crypto guy but not cbdc’s
 
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rlock

Well-known member
May 20, 2015
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Cashless is stupid. There needs to be real actual holding-it-in-your-hand currency.

Rule 1 & 2 of electronic warfare: Anything transmitted can be intercepted; anything encrypted can be decrypted.

Therefore: Anything online/electronic based is subject to criminal tampering. "They" can tell you that a certain encryption is unbreakable, but that's like saying the Titanic is unsinkable. It's really just a matter of putting in effort to break it - and imagine how lucrative it would be break a country's "unbreakable" currency codes to either sabotage their economy and/or just start printing currency without limit. Maybe that's beyond criminals, but not enemy states and their intelligence agencies.

Not to mention that even if not tampered with, sketchy corporate practices that (pardon the pun) nickel and dime people as a sort of soft swindle that goes on all the time.

By the way:
I'll say the same thing with regard to online passport applications, and any sort of electronic voting without paper ballots that can be physically checked/counted. This leads to one thing: FRAUD.

"Online everything" is foolish. he sort of crap which politicians love to tout so they can seem trendy and cool to a public which is just as ignorant as they are and whines too much about "inconvenience".

Physical safeguards exist for good reasons. If you get rid of them, you end up royally fucked.
 

solo365

Member
Aug 20, 2022
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I am surprised by the lack of concern about digital currency from this forum. What do you think will happen to the SP business when we go cashless?
Yup. Most are ASLEEP and completely clueless about what CBDC is about. Hell, I think most people still don't even know what CBDC stands for. I'm just shocked when someone knows what CBDC is and say they're ok with it !! Obviously, these people have no clue what the implications are and how serious they are if this is allowed to happen. Oh yeah, "convenience" they tell you. The minute they say that then you know they are completely clueless. This is an evil plan and it's all about control and a CHINESE style dictatorship (social credit score). Yeah that's right, that "conspiracy" stuff the so-called "conspiracy theorists" have been warning us about for a long time. I hope and I think this will FAIL but just to be in the safe side, go buy some gold and some Bitcoin.
 
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picante55

Banned
Jan 8, 2017
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Yup. Most are ASLEEP and completely clueless about what CBDC is about. Hell, I think most people still don't even know what CBDC stands for. I'm just shocked when someone knows what CBDC is and say they're ok with it !! Obviously, these people have no clue what the implications are and how serious they are if this is allowed to happen. Oh yeah, "convenience" they tell you. The minute they say that then you know they are completely clueless. This is an evil plan and it's all about control and a CHINESE style dictatorship (social credit score). Yeah that's right, that "conspiracy" stuff the so-called "conspiracy theorists" have been warning us about for a long time. I hope and I think this will FAIL but just to be in the safe side, go buy some gold and some Bitcoin.
347565745_590597386194143_2754554910243741295_n.jpg
 

picante55

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picante55

Banned
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Here are 5 subjects people need to research and learn about. #1 CDBC’s, #2 ESG’s, #3 STAKEHOLDER CAPITALISM, #4 BLOCKCHAIN BANKING, #5 DEI.

#1 CDBC’s. (Central Bank Digital Currencies) are dangerous and extremely Orwellian in nature. Inspired by the Chinese communist party, CBDC’s rely on Blockchain Banking technology. Put simply, it’s a programmable digital money issued by the government to control what you spend your money on and how much you spend depending on the particular products you are buying. For example, each product will be given a carbon emission value and you will be charged if you exceed your monthly carbon allotment or stopped from purchasing the product altogether. CBDCs would even grant governments total unchecked surveillance and control over someone's financial life and can even stop people from being able to access their bank accounts like we seen recently in Ottawa with the protesters.

#2 ESG’s. (Environmental, Social, Governance) are a set of social/economic metrics designed to blackmail business’s and corporation’s into promoting and enforcing left-wing ideology at a federal, state/provincial and local level. ESG’s will be used to increase the size and role of government, allowing the ruling class to restructure and run society based on liberal inspired policies that will fundamentally change the way we live, engage in the environment, engage with each other and do business in the future.

#3 STAKEHOLDER CAPITALISM. Stakeholder “capitalism” is NOT capitalism. It is basically government controlling and mandating how businesses operate on every level by ESG’s (Environmental, Social, and corporate Governance), CBDC’s (Central Bank Digital Currency) and United Nation’s SDG’s (Sustainable Development Goals). These are some of the social metrics and economic standards designed by self-appointed, unelected WEF and UN members pushing the Agenda 30 initiatives on governments around the world. It’s not a true free-market based capitalist system any longer. All part of the “you’ll own nothing and be happy” cult mantra.

#4 BLOCKCHAIN BANKING: Blockchain technology allows governments to record every single transaction you make. Every item and service will be given a specific code allowing governments to monitor every item or service you purchase and control how much of it you are allowed to accumulate monthly or yearly. Just look at China if you want to see where this is all headed. They will soon get rid of cash and switch over to a digital currency where every purchase you make will be monitored and controlled.

#5 DEI: (Diversity, Equity and Inclusion)
This is nothing short than the government being able to control how schools teach and how businesses, banks and corporations run based on left-wing ideological policies and ideas. It’s not about diversity of ideas, it’s not about equality of opportunity and anybody who disagrees with them will NOT be included in the world they are trying to create. It’s all about control and and silencing opposition.🏼‍♂
DEI is being used to advance a radical agenda that undermines fundamental Western values by promoting equality of outcome over equality of opportunity, collective identity (race, gender, etc) over individual character, censorship of opposing viewpoints over freedom of speech, and a victim culture that is dividing society into two camps of “oppressors vs oppressed”.
DEI is being weaponized against the left’s political opposition by erroneously portraying conservatives as “impeders of progress” or “social vermin”, limiting our reach and influence by censoring our content and controlling what we are allowed to say and share publicly.
DEI initiative’s are dangerous and extremely divisive. They ultimately undermine and replace fundamental Western values, replacing them with ideological left-wing core tenets. DEI is being used to prolong the victimhood mentality while blaming conservatives or western values for any preconceived “disparities” or “social injustices”.
 
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Equity Market investor

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That because many on here are " old " left winged lunatics ( evident by comment posts ) and think this is just another conspiracy scare. The old saying applies.....things in life happen when you least expect it.

Most people would rather close their eyes, plug their ears and tell you to go away.

The lack of response on this board is a good example.
 
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