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Message Subject The Federal Reserve has pulled the plug on the US and Global Debt Bubble - Global Planned Financial Tsunami Has Just Begun
Poster Handle Shaun Kaven
Post Content
Shaun, won't the CBDC be inflationary if they bring that in? They really will be printing money with that thing.

God knows how all of it will fit together, that's why they complicate finance I think, so the plebs can never work out what is going on.
 Quoting: Anonymous Coward 27733035


No, it won’t be inflationary because it won’t be new money. When the time comes, they will force everyone to use it as a means of commerce. Paper currency will be gone and what you have in the bank will be converted into CBCCs.

I’ve read the white papers and they are intentionally vague about how the conversion will work. The speculation is that all your digital dollars (speaking specifically about the US now), meaning for example money they you have in the bank, would be converted into CBCCs in a one-time transaction.

For paper money, you would have a time period where you can bring it in and exchange it for CBCCs. If you wait, it will have less and less value until the point where they won’t do the exchange anymore and your paper money is a useless relic. Of course, if you have large amounts of paper currency then they’ll ask for supporting evidence of where you derived it.

But CBCCs will be promoted as the savior to escape the Second Great Depression. Want to know how? Glad that you asked.

Don’t fall into the trap of thinking that a CBCC is just another currency. Remember this is a complete financial reset. The rules of the game will be different.

For one, they’ll be tied to your digital ID and thus there will be rewards (and penalties) based on your behavior. So for example if you don’t get vaccinated, they could deduct from your account.

But most importantly, and this is emphasized in the white papers, CBCCs can be used to force you to spend them or to use them in certain ways.

For example, they can limit your allotment of currency that can be used on meat-based products. Once you’ve consumed your limit of meat for the month, your CBCCs wouldn’t work to buy any more.

But here’s the “save the world” part; deflation is the result of people not spending money. Because the price of everything is constantly dropping, people wait until the next day and the next day to buy things because they know that every day it gets cheaper. This is the deflation trap.

But CBCCs can be time boxed. In other words, here is your paycheck, you made 10,000 digital dollars this month. Of that money, 8,000 must be spent within 30 days or you lose it. Boom, deflation problem solved…. at the cost of your liberty (and maybe even your soul)…
 
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