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World: The new economic order is spinning out of control!

Thu 15 Feb 2024 ▪ 4 min of reading ▪ by Mikaia A.
Getting informed Payment

From January 15 to 19, the 54th World Economic Forum (WEF) was held in Davos under the theme “Rebuilding Trust.” But how can we restore trust if our leaders persist in keeping us under their control with innovations such as Central Bank Digital Currency (CBDC)?

Monde enchaîné entre de mains géantes, mention "CBDC"

The World Economic Forum and the Temptation of CBDCs: A Loss of Monetary Freedom?

At the World Economic Forum 2024, a haven for the crypto-sphere’s thinkers since 2022, Central Bank Digital Currencies (CBDCs) are on everyone’s lips. In June 2023, during the Forum’s summer edition in Tianjin (China), the disappearance of cash was at the heart of discussions. What alternative is envisioned to replace fiat currency? Among others, the central bank digital currency.

In a panel discussion, Professor Eswar Prasad praised it by stating: ” We could have a potentially […] darker world where the government decides that the [CBDC] can be used to buy certain things, but not others that it deems less desirable, such as ammunition, drugs, pornography, or something of that sort. “

Despite the touted benefits of CBDCs (savings reduction, inflation decrease, etc.), Mr. Prasad sees only ” potentially […] huge gains ” in these digital currencies.

But is such power in the hands of governments acceptable? On Twitter, the French-speaking crypto community is ablaze. Some recall Christine Lagarde’s enthusiasm, current President of the ECB, for CBDCs, presented as a savior currency in a world plagued by ecological disaster, while others call for disobedience and resistance.

Alex, a committed citizen and pro-Frexit advocate, points to people’s indifference to this threat: “By the time we wake up, it will be too late, as usual.”

Pro-crypto FocalZero, on the other hand, preaches caution: ” It will only happen if you rely solely on CBDC-issued currencies! Above this digital money, there are ISO20022 protocols that will be used to create them, so stop being oblivious, the financial reset under blockchain is here. Buy XRP, XDC, XLM, QNT and ALGO! “

CBDCs, a Disturbing Tale of Electronic Chips !

The World Economic Forum refutes allegations that it suggested implanting central bank digital currencies under the skin of individuals to participate in society. These rumors stem from a misunderstood online article, wrongly attributing this idea to the WEF.

The article, originating from People’s Voice (and cited by Reuters), is based on a YouTube video interview with economist Richard Werner, who is not affiliated with the WEF. Werner was speculating about a future version of CBDCs without any concrete evidence or directive from the WEF in this regard.

The WEF, through a spokesperson, has categorically denied these claims, labeling them as “baseless and false.” The WEF’s white paper on CBDCs does not mention any such requirements.

Anyway, even Donald Trump dislikes CBDCs.

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Mikaia A. avatar
Mikaia A.

La révolution blockchain et crypto est en marche ! Et le jour où les impacts se feront ressentir sur l’économie la plus vulnérable de ce Monde, contre toute espérance, je dirai que j’y étais pour quelque chose

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.