Central Banker Explains How CBDCs Will Control Your Finances

Bo Li is the Deputy Manager of the International Monetary Fund (IMF) and World Economic Forum contributor.

He explains the plans to make Central Bank Digital Currencies programmable.

This means that all income and savings linked to the blockchain can be controlled centrally.

Every transaction can be monitored.
Every transaction can be approved or declined by the bank, such as the Chinese credit score system which is already in place.
Purchases can be restricted based on whatever rules the central bankers determine, such as your carbon footprint, medical product compliance, whether you are transacting close enough to your home base, buying the right products, etc.
Negative interest rates can be imposed.
Savings can have an expiry date.
Tax can be directly removed from your account without consultation.

In effect, the central bankers will control your assets, ability to move, ability to spend, ability to save. CBDCs are not currency, but programmable coupons.

Continue to use cash as much as you can. Invest in decentralised currencies such as bitcoin and precious metals. Challenge your bank on any practices you see them engaging in which suggest a move towards CBDC. Find an ethical, decentralised, community bank. Don't invest in companies involved in building the social credit system.

VIDEO SOURCE: https://rumble.com/v3ndfqy-deputy-managing-director-at-the-imf-on-bank-digital-currencies-for-financia.html