UN to link digital identity to bank account

[mapuc]

Only thing I can say is:

This was scary to read-Where are we heading ? What future lays ahead of our children and their children ?

Could imagine following:

It has come to our knowledge that you haven't taken your mRNA Vaccine. If you don't do so within the next 14 days your account will be closed until the vaccine has been taken.

Markus

[Jimbuna]

Don't men to appear cynical but this is mere speculation at the present time.

1984 is long past.

[Skybird]

Originally Posted by Jimbuna

Don't men to appear cynical but this is mere speculation at the present time.

1984 is long past.

Only as long as the ministry of truth has not edited the year 1984 out of the calendar and historical annals. Then the year never happened and is no part of the past anymore.



Like for exmaple there are no males and females anymore, dig it - genders have been edited out of the politically correct science which the party approves.

[Exocet25fr]

I read about that too in french media this week......!

[Rockstar]

Governments can program CBDC to restrict undesirable purchases, set expiry dates: WEF ‘Summer Davos’ in China

June 28, 2023

https://sociable.co/government-and-p...r-davos-china/

Governments can program Central Bank Digital Currencies (CBDCs) with expiry dates and to restrict undesirable purchases, according to a discussion at the World Economic Forum (WEF) “Summer Davos” meeting in China.

Today at the WEF’s 14th Annual Meeting of the New Champions, aka “Summer Davos,” in Tianjing, China, Cornell University professor Eswar Prasad said that “we are at the cusp of physical currency essentially disappearing,” and that programmable CBDCs could take us to either a better or much darker place.

“You could have a potentially […] darker world where the government decides that units of central bank money can be used to purchase some things, but not other things that it deems less desirable like say ammunition, or drugs, or pornography, or something of the sort“
Eswar Prasad, WEF Annual Meeting of the New Champions, June 2023

“If you think about the benefits of digital money, there are huge potential gains,” said Prasad, adding, “It’s not just about digital forms of digital currency; you can have programmability — units of central bank currency with expiry dates.

“You could have […] a potentially better — or some people might say a darker world — where the government decides that units of central bank money can be used to purchase some things, but not other things that it deems less desirable like say ammunition, or drugs, or pornography, or something of the sort, and that is very powerful in terms of the use of a CBDC, and I think also extremely dangerous to central banks.”

“Now we are at the cusp of physical currency essentially disappearing”
Eswar Prasad, WEF Annual Meeting of the New Champions, June 2023

The Cornell professor went on to say that “ultimately, if you have different units of central bank money with different characteristics, or if you use central bank money as a conduit for economic policies in a very targeted way, or more broadly for social policies, that could really affect the integrity of central bank money and the integrity and independence of central banks.

“So, there are wonderful notions of things that can be done with digital money, but again I fear the technology could take us to a better place, but equally has the potential to take us to a pretty dark place.”

While Prasad highlighted that programming CBDC for economic or social policies could affect the integrity of central banks, European Central Bank president Christine Lagarde recently explained that programmability would be left to commercial banks.

“For us [central banks], the issuance of a digital currency that would be central bank money would not be programmable […] Those who can associate the use of digital currency with programmability would be the intermediaries — would be the commercial banks”

Christine Lagarde, BIS Innovation Summit, March 2023

Speaking at the Bank for International Settlements (BIS) Innovation Summit in March, Lagarde told her fellow panelists that a central bank would not be in charge of programming a digital currency.

“For us [central banks], the issuance of a digital currency that would be central bank money would not be programmable — would not be associated with any particular limitation, whether it’s in time, in type of use — that to me would be a voucher. It wouldn’t be a digital currency,” said Lagarde.

“Those who can associate the use of digital currency with programmability would be the intermediaries — would be the commercial banks.

“And that’s their business. They know how to do that, but if we are to say that a dollar is a dollar, whether it is cash or digital; or a euro is a euro, cash or digital — then for us [central bank] it cannot be programmable.

“It can be associated with conditionality, which is different, but not programmable,” she added.

“By programming CBDC, those money can be precisely targeted for what kind of people can own and what kind of use this money can be utilized“
Bo Li, IMF, October 2022

Speaking at a high-level roundtable on CBDC in Washington, DC in October 2022, International Monetary Fund (IMF) deputy managing director and former People’s Bank of China (PBoC) deputy governor Bo Li said of CBDC programmability:

“CBDC can allow government agencies and private sector players to program — to create smart contracts — to allow targeted policy functions. For example, welfare payment; for example, consumption coupons; for example, food stamps.”

“By programming CBDC, those money can be precisely targeted for what kind of people can own and what kind of use this money can be utilized,” he added.

So, while Lagarde says that central banks have no interest in programming CBDCs, central banks around the world are indeed exploring programmability, even if the central banks themselves are not the ones doing the actual programming.

For example, the Reserve Bank of India is exploring a programmable CBDC with expiry dates.

And in Nigeria, “The individual and merchant wallets of the eNaira have different caps on daily transaction limits and the amount of eNaira that can be held in them, depending on their customer due diligence tier,” according to the BIS November 2022 report on CBDCs in Africa.

“Just imagine that you are able to give your kids some money in digital rubles and then restrict their use for purchase of junk food“
Alexey Zabotkin, Cyber Polygon, July 2021

In July 2021, Bank of Russia deputy governor Alexey Zabotkin gave a real world example of what CBDC programmability could look like when he spoke at the annual cybersecurity training exercise Cyber Polygon.

There, Zabotkin explained:

“This [digital ruble] will permit better traceability of payments and money flow, and also explore the possibility of setting conditions on permitted terms of use of a given unit of currency.

“Just imagine that you are able to give your kids some money in digital rubles and then restrict their use for purchase of junk food, for example.

“That would be a useful functionality for a customer, and of course you can come up with hundreds of other similar use cases.”

Programmability is a key feature of CBDC, where governments, banks, and their customers could have total control over when, where, and how your money is spent.

There can be no individual who is outside of the state. Everything in the state, nothing outside the state, nothing against the state.

[Skybird]

^ The party. Not the state. The party. Parties have taken over the states.

Defenseless, helpless, naked and subjugated, the "citizen" is supposed to be before the party. Defenselessly at the mercy of the party he must be. So that he must must even kiss the hand that casts him down. Remember the ending of "1984": it ends with Winston loving Big Brother.

The dictatorial powers these developments level the field for, are frightening. Nobody should have illusions. These things will be abused for the worst, that is totally certain. As always.

CO2 accounts and meat accounts will become a reality, too. Not tomorrow, not next year. But it will happen. Schwundgeld (Shrinkage money?) becomes all to easy to enforce. Or total blocks of your fundings. Or simply selective denial of payments.

This is the road into darkness. Realised with a Chinese blueprint in hand.

No opposing criticism is possible anymore then. Unwanted critics just can be economically, finanmcially crushed, being unable to buy anything anymore. Or to travel, to use transportation. Not just critics, but dissidents fearing for their lives. People not agreeing with state-wanted religous convictions.

Its all an Orwellian nightmare coming true. And where people do nto just ignroe it or do not take notice of it, they mostly applaude the financial lies given to them as a foul excuse.

ECB, FED, modern money theoreticists, they all are lying, and they all do it intentionally because they know that they use their malicious lies to doom free people, that is their ultimate goal. Of the many political gangsters there are in politics, these are some of the very worst, the cyankali of the world. Politicians' words can and shall never be trusted. NEVER.

[Rockstar]

The party makes better sense when you think about. It’s hard for one ‘state’ to control everyone. But if they can be divided by party where people choose which side to play for then they can be played against each other and end up bickering amongst themselves.

[Skybird]

Originally Posted by mapuc

Only thing I can say is:

This was scary to read-Where are we heading ?

Chinese conditions.

[em2nought]

I am not a fan of what they want to do to us peasants at all.

[Skybird]

It is frightening what the future of even the Western states promises to become in the foreseeable future. Digitally controlled and monitored serfdoms, where the individual subject no longer has the means to resist, to escape, to not conform.

And it is, over here in Germany, the SPD and the Greens who since years threaten the electorate with that they, the parties, must pick up and take everybody on their ideologically bandwaggon, for the unnowing subkjects best interest of coruse, and that not one individual should be accepted to be left behind. They explicitly threaten these things since years.

Its like the Borg. All must become part of the collective, must be connected, must express and defend the Borg mind, there shall be no option to not be part of it.

Orwell was so right. Its a nightmare we head into. Times darken. Freedom passes by, and then is gone. The amnopunts of state-run manipulation and subtle violence will be unimaginablel, now that we must not use hot glowing irons or firign squads anymore to bring and keep the party into control. The state terror will come in dusguise and right under those well-sounding labels that express qualities that the state indeed explicitly is about to destroy.

I just wait for psychopharmaceuticals entering the discussion to become state-sponsored legitimate tools of of mass control, mind control, and ensuring conformism.