That’s why only Central Banks can create digital currencies
The Fed recently put out a white paper, Data Privacy for Digital Asset Systems, which contends that the expectation of privacy in digital currencies (read: CBDCs) stems from misunderstanding how digital systems work.
“Concepts such as the desire for ‘cash-like anonymity’ are based on false underlying assumptions.”, is the crux of it (quick, somebody tell the Monero team, and everybody else already deploying anonymizing protocols and applications for digital assets).
The subtext is that there can be some privacy and confidentiality safeguards built into CBDCs, but at the end of the day those would still be subject to being overridden or dispensed with. The paper doesn’t come out and say that, but it does make oblique references:
https://bombthrower.com/wef-somebody-has-to-be-in-charge-of-rationing-privacy/
https://www.gatestoneinstitute.org/22938/policies-that-sharia-demands
THE GREAT RESET: I'VE CONNECTED THE DOTS. NOW CANADIANS NEED TO CONNECT THE CONSEQUENCES.
By Rich Angel | Wake Up Canada News
After years investigating Canada's gold reserves, Brookfield, Mark Carney, the World Economic Forum, our pensions, wars, digital banking and foreign ownership, I've reached a disturbing conclusion.
We're witnessing a massive transfer and concentration of economic power, and most Canadians are being shown the individual pieces instead of the entire picture.
Here's how I watched it unfold.
FIRST, THE FINANCIAL FOUNDATION.
Canada spent decades selling virtually all its official gold reserves. Our wealth became increasingly dependent on financial markets, investments and international institutions.
THEN CAME THE CRISIS YEARS.
In 2020, the World Economic Forum publicly promoted its Great Reset. Governments accelerated digital services, while the pandemic exposed how quickly emergency powers could reshape everyday life.
In 2022, the Freedom Convoy bank freezes demonstrated that access to money could be restricted through extraordinary ...