“Suggests” that global digital currency is the goal?
I think its pretty clear at this point, that IS the goal.
Right!
From the linked article:
With the advent of widespread CBDCs (central banks digital currencies) the very notion of privacy in trade would utterly disappear from society within a generation. Not only that, but if these currencies are tied into a social credit system like the one used in communist China, then there is a good chance governments will be able to freeze accounts or even erase your savings at the push of a button. And, without physical cash there would be no recourse for trade. A person deemed “problematic” could be locked out of the economy on a whim.
The fact that the BIS is so heavily involved in national digital currency programs suggests that the ultimate goal of CBDCs will be an eventual global digital currency – A one world currency mechanism that all other digital currencies are eventually absorbed into.
The pitfalls of such a framework are many and the potential for abuse goes far beyond the idea of fiat printing. CBDCs would give banks and governments ultimate power of influence over the populace, inspiring fear in individuals as they consider the threat that their access to the economy could be severed at any moment should they say or do anything in defiance of the authorities.
Banks and politicians will try to sell CBDCs as the pinnacle of convenience and a necessary transition in order to stabilize the economy. What they will not mention is the pervasive level of control they will gain in the process.
Yes, that’s too tempting a prospect to refuse on principle (which they have none).
I’m sure they’re drooling over it.