Technology News

Digital Dollar

Fiat Currency

We have been raised on tales of pirate’s treasure chests full of gold coins. In those days, coins were valued as gold because they were gold. Due to the scarcity of gold and the need for more currency due to growing business acumen and populations, governments developed currency (the Canadian dollar for example) that was valued in relation to gold (the gold standard) (article). Canada stopped adhering to the gold standard in 1929 and pegged its currency to the US dollar and then international exchange rates. Today, Canada (and most other countries) has “fiat currency” of paper-like bills with plated steel coins that have little intrinsic value. The value of fiat currency is defined by policy and faith.

Transition

Unfortunately, in Canada and in other parts of the world (EU, UK, USA, Australia), governments are on the edge of bankruptcy. Governments have spent with impunity (very evident during the pandemic), “printed” money and devalued their fiat currencies to the point where most people know that something is wrong and suspect that something has got to give.

So we wonder, how bad will the crash be?

Logic indicates that bailing governments out of bankruptcy means that somebody is going to lose out. Who will be affected? How?

Will we switch to a new currency to start fresh? Obviously, it would not be a one-to-one exchange, otherwise governments would remain bankrupt.

What would be the exchange rate?

How will loses be handled?

Who should design the new system? Currently, international agencies and governments are working towards digital currency with the World Economic Forum (WEF) pushing for a one global currency. However, why should the agencies, politicians and bankers that mismanaged the world’s currencies in the first place, overspending into future earnings and effectively causing the collapse of today’s fiat currencies, be the ones to design the new system? Especially when they are promoting a system of currency that could and undoubtedly would be used to control and micro-manage the population.

Digital Cash

Today’s consumers are used to spending money with and without cash. Cheques, credit cards, debit cards, gift cards, allow purchases/sales without cash, but parties can choose to use cash if they wish. However, the powers-that-be resent the cost of managing cash, and drool over the idea of simply maintaining digital records (for a fee of course). So, it is not a great leap to think of all transactions being cashless, however, there are problems with such a step:

- ALL transactions would be cashless – going cashless would require that paying the babysitter, acting the toothfairy, buying a newspaper, holding a garage sale, paying for parking, buying a used item, making a donation, would each require bank transactions, which would have associated fees.

- Tracking and Scrutiny – all digital transactions would necessarily be tracked, scrutinized and approved by a third (or more) party. Prime Minister Trudeau revealed government powers and the dangers of relying on digital currency/financial institutions when he directed Canadian banks to regulate funding what he considered illegal protest blockades during the 2022 Freedom Convoy (article) (AO News – Freedom Convoy 2022)

- Historically, fiat currencies don’t last. Without asset backing to limit to how much money can be created, governments tend to “print” funds as needed until the national currency value is deflated and made worthless. Today’s physical fiat currencies in many countries (USA, UK, European Union, Canada) are in that very boat but it has taken decades of decision-making to get there. With digital currencies, governments could “print” funds by simply adding a zero or few, which would have significant immediate impact on the economy – lifestyles, businesses and futures of taxpayers and their families – arbitrarily based on contemporary politics.

- Book of Record – while governments can quite literally lose track of digital money, individuals would have their transactions tracked down to the penny. A person would not be able to take all or part of a paycheque out of the bank in cash so reliance on the accuracy of computer records would be mandatory. If the bank screws up (accidentally or deliberately) that person would be inconvenienced and left to fight

- Where does money go? In today’s hybrid digital/cash-based society, money inexplicably goes missing. How could a government “lose” $20 billion of taxpayer money if the transactions were made in cash? It seems easy to lose vast sums with digital records but less so with tangible currency. (article)

- Programmable currency – tracking all money makes spending restrictions possible. How long would it be before you were told that you can’t spend your money on cigarettes, too much alcohol, or too many hamburgers? Or that you’ve hit your tv-watching limit for the week? What if you were told to stay within 5 kms of your home – so gasoline becomes restricted? Or your average home heating bill is too high so you must turn down the heat? Perhaps you’ll be told that you can’t buy a car to help save the planet (AO News – Climate Change). The possibilities “in your best interest” and for “the good of society” are endless and subject to contemporary politics.

- Reliance on electricity - Electricity use is Achille’s heel

- Amount of electricity, amount of water (cooling) (article)

- Solving the double-spending problem

- Loss of sovereignty

- Opportunities for corruption.

Interesting Perspective

Why should we pay cash everywhere with banknotes instead of a card?

I have a $50 banknote in my pocket. Going to a restaurant and paying for dinner with it. The restaurant owner then uses the note to pay for the laundry. The laundry owner then uses the note to pay the barber. The barber will then use the note for shopping. After an unlimited number of payments, it will still remain $50, which has fulfilled its purpose to everyone who used it for payment and the bank has jumped dry from every cash payment transaction made.

But if I come to a restaurant and pay with digital Card, bank fees for my payment transaction charged to the seller are 3% so around $1.50 and so the fee $1.50 for each further payment transaction for restaurant owner or payments of the owner of the laundry shop, the barber etc. Therefore, after 30 transactions, the initial $50 will remain only $5 and the remaining $45 became the property of the bank thanks to all digital transactions and fees.

Global Currency / One World Currency

IMF uses its loans to coerce specific behaviours (economic, political)

Date	Source	Title	Comment
2023-04-15	Zerohedge	IMF Unveils New Global Currency Known As The "Universal Monetary Unit" To "Transform" World Economy	Michael Snyder via The Economic Collapse blog

Date

Source

Title

Comment

2023-04-15

Zerohedge

IMF Unveils New Global Currency Known As The "Universal Monetary Unit" To "Transform" World Economy

Michael Snyder via The Economic Collapse blog

Inflation

Implementation: Switching from Fiat to Digital

Touting their motivation as reducing the storage and handling costs of cash usage, the following countries are piloting and implementing central bank digital currencies (CBDC). [source: Atlantic Council Research 11-Feb-2023]

Greece bankruptcy; Detroit bankruptcy

Bahamas – the first CBDC to go live, the Sand Dollar circulation stands at 303,785, the currency adoption rate is 7.9%. There are 32,736 wallets in circulation with 1,340 sovereign wallets, and circulation has increased by a factor of 3 since the beginning of the pilot. [source: Atlantic Council Research 11-Feb-2023]

Eastern Caribbean (8 countries) – Anguilla, Saint Kitts and Nevis, Antigua and Barbuda, Montserrat, Dominica, Saint Lucia, Saint Vincent and the Grenadines, Grenada. After commencing development of a digital currency in 2019, the Eastern Caribbean Central Bank (ECCB) launched its digital currency DCash in March 2021 in four of its eight member states. With DCash, the Eastern Caribbean has become the first currency union central bank to issue digital cash. [source: Atlantic Council Research 11-Feb-2023]

Egypt – inactive implementation

Jamaica - on December 31, 2021, the Bank of Jamaica (BOJ) announced that it had successfully completed the trial of its retail central bank digital currency (CBDC)-the JAM-DEX. In May 2022, the BOJ announced a phased roll-out of the Jamaican Digital Exchange (JAM-DEX). Working with Ireland-based technology firm eCurrency Mint on the sandbox project. [source: Atlantic Council Research 11-Feb-2023]

Nigeria - the first African country to implement digital currency in October 2021. Half of the country’s 200 million population is believed to have no access to bank accounts. Adoption of the eNaira (the digital version of the naira) has so far been relatively sluggish. The eNaira app has accumulated 700,000 downloads as of April 2022. That’s equal to 0.35% of the population, though not all of the downloads are users in Nigeria. Conversely, 33.4 million Nigerians were reported to be trading or owning crypto assets, despite the Central Bank of Nigeria’s attempts to restrict usage. [source: Atlantic Council Research 11-Feb-2023]

South Africa – pilot program

Gold and Silver

In times of high inflation or economic turmoil, some investors turn to gold as a safe haven. However, history shows us that investing in gold cannot always be relied upon. (article)

Mark of the Beast

“digital id” would be in accord with the biblical “mark of the beast”. (AO News – Digital ID) (AO News - Satanism)

“CBDC” Central Bank Digital Currency – programmable, can be limited to essentials, certain travel locations, good behaviour

(most recent first)

NEWS: Digital Dollar/Cash

(reverse chronological order)

Date	Source	Title	Comment
2024-02-16	Slaynews.com	China Links Social Credit Score to CBDC: ‘My Child Can’t Go to Private School’	Frank Bergman AO News – Digital ID AO News - China
2024-01-09	Rebelnews.com	Bank of Canada quietly moves forward on digital currency	Alex Dhaliwal
2023-06-30	Slaynews.com	WEF Calls on World Governments to ‘Advance Cashless Societies’	Frank Bergman
2023-06-20	Slaynews.com	IMF Announces Single Global Digital Currency in Push to Eliminate Cash	Frank Bergman
2023-06-17	Dailyfetched.com	Feds Quietly Drop Charges against Democrat Donor SBF in Multi-Billion Dollar FTX Scam	Jason Walsh
2023-05-20	Rumble.com / Redacted News	Controversy Erupts as Canada Pushes Forward with CBDC Plans - Angry Reactions Flood Social Media (11 mins)	Clayton Morris
2023-05-15	Government of Canada	https://survey.forumresearch.com/SE/1/BCA1/	Time-limited survey – Do Cdns want CBDCs?
2023-04-15	Zerohedge	IMF Unveils New Global Currency Known As The "Universal Monetary Unit" To "Transform" World Economy	Michael Snyder via The Economic Collapse blog
2022-12-29	slaynews.com	Crypto Billionaires Are Dying in Mysterious Circumstances around the World	Frank Bergman
2022-12-10	slaynews.com	European Union to Ban Cash Transactions over €10,000	Frank Bergman - Spain limits transactions to maximum €1,000 cash - Looking to limit crypto currencies
2022-12-07	foxnews.com	Nigeria restricts ATM withdrawals to $45 per day in push to digital currency	Bradford Betz Central Bank of Nigeria
2022-11-30	naturalnews.com	11 Countries have already adopted central bank digital currencies and 105 others are considering it	Ramon Tomey - Nigeria
2022-11-29	expose-news.com	105 Countries are Exploring CBDCs and 11 Have Already Launched Them	Rhoda Wilson [who are 11 countries?]
2022-11-29	dailymail.co.uk	Russian billionaire, 53, is killed in helicopter crash near Monaco in latest crypto mystery death – ‘after another passenger cancelled at the last minute’	Will Stewart, Rachael Bunyan Vyacheslav Taran
2022-11-28	thesun.co.uk	Tiantian Kullander found dead at 30 – Mystery as crypto kingpin of $3billion company dies ‘unexpectedly’ at his flat	Imogen Braddick - Tiantian Kullander Founder of Amber Group
2022-11-14	Dailyfetched.com	World Economic Forum Scrubs Page about FTX Crypto Exchange from Its Website	Jason Walsh AO News – WEF
2022-11-02	heavy.com	Nikolai Mushegian Dead: What Was His Cause of Death?	Jessica McBride - cryptocurrency pioneer found dead in Puerto Rico
		(article)	- QuadrigaCX – Gerald Cotton Matthew Mellon
2022-11-16	technocracy.news	New York Federal Reserve To Test Digital Dollar With Big Banks	Zachary Halaschak (full article) (article)
2022-11-14	SLAYnews.com	FTX CEO Admits Laundering Money for Ukraine Government	Frank Bergman - Sam Bankman-Fried - FTX crypto exchange files for bankruptcy AO News – WEF
2022-10-26	Youtube.com / Africa The Beautiful	Rishi Sunak, the new prime minister of UK pushing for digital currency backed by Central banks. (3 mins)	[new WEF minion]
2022-09-01	cbdcinsider.com	Digital Dollar Project Launches Technical Sandbox Program to Explore CBDC Infrastructure Solutions
2022-03-07	Youtube.com / Russell Brand	While You’re All Distracted by Ukraine … (15 mins)	Russell Brand - crypto currencies
2022-02-21	rumble.com / BonginoReport	Joe Rogan guest plays SCARY video exposing coming “digital ID” dystopia (2 mins)	Joe Rogan
2021-09-18	youtube.com / WhatsHerFace	Digital Currency (5 mins)	WhatsHerFace
2021-07-02	New York Post	Bitcoin billionaire Mircea Popescu dead, leaving $2B fortune in limbo	Will Feuer
2021-06-23	New York Post	Antivirus software pioneer John McAfee dead after hanging himself in jail	Jorge Fitz-Gibbon, Ben Feuerherd - tax evasion - wanted for a pump-and-dump scheme involving cryptocurrencies
2021-04-07	unlimitedhangout.com	WEF Warns Of Cyber Attack Leading To Systemic Collapse Of The Global Financial System	Whitney Webb
2021-03-23	LeoHohmann.com	Are you ready to become a ‘digital asset’ of the globalists’ Great Reset?	Leo Hohmann

article

Electric cars

Oakville Ford plant being retooled to build e cars

“Net Zero”

Canada net zero emissions act announced on 19-Nov-2020 – invest and attract investment in new clean technologies

120 countries by 2050

- No commitment for federal government itself to meet 2030 or 2050 targets in bill

Proposed 10 ha expansion to an existing pit. The property is meters from the Pretty River Provincial Park.

Universal Basic Income

Bio-injectibles – predecessors to vaccines

11 years old deciding whether to have vaccines without parental approval

Parents signing contracts that they will not look at what children are learning online

AO News – Digital ID

A digital id would be useable dependent on technology: via cell smart phones and other smart services; any networked computer or station; digital currency; nanotechnology; biometrics;

APPENDICES

APPENDIX A

https://awareontario.nfshost.com/AWARE-Ontario/Issues/Tech_Wireless/Digital_Cash.htm

AO News – Digital Cash