CENTRAL BANK DIGITAL CURRENCIES

Control the money, control everything.

Digital currencies are taking the world by storm, learn what Central Bank Digital Currencies (CBDC) mean for you and your future.

Central Bank Digital Currencies. A new system of totalitarian control.

When the European Union Parliament, last month, February 2024, agreed to enact the Digital ID in the EU, they noted that now the Central Bank Digital Currency could follow, seeing as all citizens would be granted their “digital wallets”.  Digital ID and CBDC are inextricably linked.  

In other words, those advocating the rollout of a CBDC are either naïve or lacking in understanding to think that this can be done without establishing a centralized surveillance system for all financial transactions.  Even if such surveillance is not included in the [initial] design, it would be simple to add it at a later stage. Once such a window to surveillance and total government overreach and intrusion is opened, it is virtually impossible to close.

While promoting the unveiling of CBDC, other forms of currency will be made obsolete, commercial banks will largely eventually LOSE their function, and the CBDC system will be a closed system, serving the interests it considered desirable.

Our Country Our Choice is completely against Central Bank  Digital Currency (CBDC). Central Bank Digital Currencies (CBDCs) raise privacy concerns as they grant central banks access to detailed transaction data, prompting worries about surveillance and potential misuse of personal information. They also afford central banks/governments total control over individuals’ money. The history of cryptocurrencies is murky, and the individuals behind Bitcoin remain unidentified.

Our Country Our Choice advises against investing in overpriced gold coins or transferring funds to dubious companies. Instead, we recommend investing in gold only through reputable companies that convert money to gold at market value, with commissions and fees not exceeding 0.5%.

The history of cryptocurrencies dates back to the late 20th century and has evolved significantly since then. Overall, the value of Bitcoin and cryptocurrencies is a complex interplay of technical fundamentals, market dynamics, adoption trends, and external factors that shape investor perception and demand for the cryptocurrency.

Despite being a decentralized asset,  prices of cryptocurrencies can be influenced by market manipulation, including whale activities (large holders), trading bots, and coordinated pump-and-dump schemes. These factors can create short-term price volatility.

Here is a brief overview of key milestones in the history of cryptocurrencies:

  1. Early Concepts (1980s-1990s):

-The concept of digital currency and cryptographic techniques for secure transactions was explored by various researchers and cypherpunks in the 1980s and 1990s.

   – DigiCash, developed by David Chaum in the early 1990s, was one of the first attempts at creating a digital currency with privacy features.

  1. Bitcoin Emergence (2008-2009):

   – In 2008, an individual or group using the pseudonym Satoshi Nakamoto published the Bitcoin whitepaper titled “Bitcoin: A Peer-to-Peer Electronic Cash System.”

   – On January 3, 2009, the Bitcoin network was launched, marking the birth of the first decentralized cryptocurrency.

   – Bitcoin introduced the concept of blockchain technology, a distributed ledger that records all transactions in a secure and transparent manner.

WHO REALLY WAS BEHIND THE BITCOIN?  Why it has been kept as a secret?

  1. Early Adoption and Growth (2010s):

   – In the early 2010s, Bitcoin gained traction among enthusiasts and early adopters, leading to its use in online transactions and as a speculative investment.

   – Other cryptocurrencies, known as altcoins, started to emerge, including Litecoin (2011), Namecoin (2011), and Ripple (2012).

  1. Expansion and ICO Boom (2013-2017):

   – The cryptocurrency market experienced rapid growth and expansion, with hundreds of new cryptocurrencies launched during this period.

   – Initial Coin Offerings (ICOs) became popular as a fundraising method for blockchain projects, allowing them to raise capital by issuing tokens to investors.

   – Ethereum, introduced in 2015 by Vitalik Buterin, brought smart contract functionality to blockchain technology, enabling the development of decentralized applications (DApps).

  1. Market Volatility and Regulation (2017-2018):

   – The cryptocurrency market witnessed a surge in prices, with Bitcoin reaching an all-time high in late 2017, followed by a significant market correction in early 2018.

   – Governments and regulators around the world started to pay closer attention to cryptocurrencies, leading to increased regulatory scrutiny and measures to combat fraud and illicit activities.

  1. Maturation and Institutional Interest (2019-present):

   – The cryptocurrency market has continued to mature, with growing interest from institutional investors, financial institutions, and corporations.

   – Major developments include the launch of Bitcoin futures contracts, the rise of stablecoins pegged to fiat currencies, and the exploration of central bank digital currencies (CBDCs).

   – Cryptocurrency adoption has expanded, with more businesses accepting digital assets as payment, and the development of blockchain solutions across various industries such as finance, supply chain, and healthcare.

Overall, the history of cryptocurrencies reflects a journey from early conceptualization to widespread adoption, accompanied by technological innovations, regulatory challenges, and market dynamics.

Our objective is to delay the implementation and withdraw from all Central Bank Digital Currency (CBDC) initiatives. We must not give any entity the authority that a CBDC could offer. Preserving traditional monetary systems and safeguarding the value of assets such as gold, silver, real estate, land, and physical property is crucial.

Central Bank Digital Currency (CBDC) introduces several risks that need to be carefully considered. The most significant risk lies in giving a government absolute control over your finances and expenditures.

 

  1. Cybersecurity Risks: CBDC systems are vulnerable to cyberattacks, including hacking attempts, data breaches, and distributed denial-of-service (DDoS) attacks. These attacks can compromise the integrity, confidentiality, and availability of the digital currency system.

 

  1. Privacy Concerns: CBDCs raise concerns about privacy as central banks have access to detailed transaction data, raising questions about surveillance and the potential misuse of personal information.

 

  1. Financial Stability: The introduction of CBDCs could impact financial stability by altering the dynamics of money supply, credit creation, and monetary policy transmission. Central banks must carefully manage these effects to avoid destabilizing the economy.

 

  1. Operational Challenges: Implementing and maintaining CBDC systems require robust infrastructure, technical expertise, and regulatory frameworks. Any operational failures or disruptions can undermine confidence in the digital currency.

 

  1. User Adoption and Trust: Encouraging widespread adoption of CBDCs among the public and businesses requires building trust in the system’s security, reliability, and usability. Any perceived shortcomings or vulnerabilities can hinder adoption rates.

 

  1. Cross-Border Transactions: CBDCs raise challenges related to cross-border transactions, including interoperability with other payment systems, regulatory compliance, and foreign exchange implications.

 

  1. Monetary Policy Effectiveness: CBDCs may impact the effectiveness of traditional monetary policy tools such as interest rates and reserve requirements. Central banks must adapt their policy frameworks to ensure continued effectiveness in a digital currency environment.

 

  1. Financial Inclusion: While CBDCs have the potential to improve financial inclusion by providing access to digital payment services for unbanked populations, there are challenges in ensuring equitable access, affordability, and usability for all segments of society.

 

  1. Market Structure: The introduction of CBDCs could disrupt the existing financial market structure, impacting the roles of banks, payment service providers, and other financial intermediaries. This may require adjustments to regulatory frameworks and business models.

 

  1. Legal and Regulatory Risks: CBDCs raise legal and regulatory challenges related to data protection, consumer rights, anti-money laundering (AML) and counter-terrorism financing (CTF) measures, cross-border regulatory coordination, and international cooperation.

 

Addressing these risks requires comprehensive risk assessment, robust security measures, clear regulatory frameworks, stakeholder engagement, and ongoing monitoring and evaluation of CBDC implementation and operations.

Central bank Digital Currency poses a significant threat.   The most significant risk lies in giving a government absolute control over your finances and expenditure. We must stop it.  Join in the battle by clicking here.

China has introduced digital identity and Digital currency, utilizing this system to exert control over every citizen. If the Chinese government disapproves of a person’s social media post or any action, they can restrict that individual from traveling, purchasing food, or even leaving their home.

Together in substantial numbers, we have the power to prevent this from happening to our nation and to us.

Our livelihood and future is in play!

Here’s how you can contribute to the cause:

  1. Invest: Please consider becoming a supporting member. We need to recruit advocates to safeguard our sovereignty. We are battling for the future of humanity against malevolence. INVEST HERE
  1. Organization and Influencers: We invite all organizations and influencers worldwide to unite with us. If your organization actively opposes Central Bank Digital Currency (CBDC), kindly share links to your initiatives, and we’ll feature them on our website. We stand with everyone engaged in this crucial struggle. Please share your links via our social media accounts or email us at: [email protected].
  1. Join the fight and become a member.
  1. Subscribe to our newsletter.

 

RECOMMENDED ACTIONS TO OUR MEMBERS:

Our duty is to postpone the implementation and opt out of Central Bank Digital Currency (CBDC) programs. We shouldn’t grant any authority the power that a CBCD could provide.

Stopping Central Bank Digital Currencies (CBDCs) would require concerted efforts and strategies. Here are some steps that can be taken to oppose or halt the development of CBDCs:

  1. Raise Awareness: Educate the public about the potential risks and implications of CBDCs, including concerns about privacy, surveillance, and government control over finances.
  1. Engage with Legislators: Reach out to lawmakers and policymakers to express concerns about CBDCs and advocate for transparent discussions, public consultations, and thorough impact assessments before proceeding with any CBDC initiatives.
  1. Support Advocacy Groups: Join or support organizations and advocacy groups that are actively opposing CBDCs and working to protect financial freedoms and privacy rights.
  1. Promote Alternatives: Advocate for alternative solutions to improve financial systems and promote financial inclusion without resorting to CBDCs. This could include supporting decentralized cryptocurrencies, digital asset innovations, and open-source financial technologies.
  1. Legal Challenges: Explore legal avenues to challenge CBDC initiatives, such as filing petitions, lawsuits, or seeking injunctions based on legal grounds such as privacy rights, constitutional protections, or regulatory overreach.
  1. Public Campaigns: Organize public campaigns, petitions, protests, and awareness events to mobilize public support and pressure policymakers to reconsider or halt CBDC developments.
  1. Engage with Media: Work with media outlets, journalists, and influencers to amplify concerns and raise awareness about the risks and potential negative impacts of CBDCs.
  1. International Cooperation: Collaborate with international organizations, advocacy groups, and like-minded individuals or communities globally to build a stronger coalition against CBDCs and promote alternative solutions.
  1. Corporate and Industry Influence: Engage with businesses, financial institutions, and industry stakeholders to voice concerns and encourage them to support initiatives that prioritize privacy, security, and financial freedom.
  1. Monitor Developments: Stay informed about the latest developments, research, and discussions related to CBDCs to assess potential risks, identify opportunities for advocacy, and respond effectively to policy changes or announcements.

It’s important to note that opposing CBDCs may require a multi-faceted approach involving public education, advocacy, legal strategies, and collaboration with diverse stakeholders to effectively address the challenges and risks associated with centralized digital currencies.

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