Cbdc Quotes

What is the attraction of central bankers to issuing their own digital currencies? The answer lies in wider access to second-layer money. Recall that the Federal Reserve issues two types of money, wholesale reserves for private sector banks and retail cash for people. In order to provide monetary stimulus, the Fed issues reserves and hopes that private sector banks will use those reserves to circulate third-layer deposits into the economy by lending money. With a CBDC, the Fed could issue second-layer money directly to people in the form of digital helicopter money; the phrase “helicopter money” comes from Milton Friedman, who in 1969 provided the imagery of dropping cash out of a helicopter in order to stimulate economic demand.

When Covid hit the headlines, all they needed to do was take down the internet for a short time. With a deadly disease spreading via the mainstream media, the people would have panicked and flocked to get their poisonous injections on mass. It would have been game over for humanity. But there was a problem with that plan. The internet is a key part of their long-term plan, the New World Order with one government and one army. To take down the internet may have negatively affected peoples’ decisions to embrace AI, especially implanted computer chips for shopping and freedom of movement, plus a central bank digital currency.