Comments by Brian Shilhavy
Editor, Health Impact News
Central Bank Digital Currencies (CBDCs) have received a lot of attention in recent weeks, both in alternative and corporate media, as the crackdown on them increases.
Last year we reported that credit unions and bank trade groups released a joint letter to the chairman and ranking member of the House Financial Services Committee, warning of “devastating consequences” if the Federal Reserve moves forward with a central bank digital currency (CBDC). I will see:
Local banks and credit unions are starting to realize that the implementation of digital currencies by central banks will put them out of business
Even the Wall Street Journal recently published an opinion piece warning against the implementation of CBDC. I will see:
A CBDC dollar would empower the Fed, not Americans
China is ahead of the US in rolling out its Central Bank Digital Yuan, but it has been so hard to get people to use it that they started giving it away during recent New Year celebrations New Lunar I will see:
China distributes millions of digital yuan to boost adoption: report
Replacing a monetary system and convincing businesses and consumers to stop doing business and stop using cash is not something that will be adopted overnight and as we can see there will be a huge push back against it.
However, the goal of a digitized society that requires a digital ID to participate in society and allows the government to track virtually everything you do can certainly be achieved without the full implementation of CBDCs, and indeed , is already happening in one country: Ukraine.
Ukraine launched its digital ID and digital transformation program in 2014, which was then put into motion in 2020 when COVID broke out, and is now almost complete thanks to the war and the help of Elon Musk who provide satellites to connect the entire Ukrainian people. on the Internet and the adoption of the Diia application.
So, while everyone has been worried about CBDCs and their loss of privacy in this economic system, Ukraine has already developed a digital transformation of society that is now the worldwide example of how a government can make a tracking of all its citizens, even without a CBDC.
Now about 9 years of development, Ukraine is probably the model country on how to make a complete digital transformation of society. It is powered by American Big Tech companies, with Google services now providing the country’s infrastructure.
Zelenskyy even wants to hold the next election through the app. What could go wrong?
Thanks to Redacted News and their amazing report on Ukraine’s digital transformation that brings to light, as far as I can see no one else has reported yet, a digital ID system that is now ready to be sold and implemented in other countries in the world .
And with American companies supplying the technology, such as Google, Apple, VISA, Starlink, etc., along with the US military, I think it is safe to conclude that this “digital transformation” and the implementation of a “Digital ID” to be able to participate in society, is a much more imminent threat to the United States than Central Bank digital currencies.
Here is the Deleted News report.
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Posted on March 5, 2023