Central bank digital currencies, or
CBDCs, are government-backed digital currencies issued by a central
bank. They're being rapidly rolled out to bring about a new economic
transaction system that could lead to a new form of modern-day slavery.
CBDCs are promoted as digital tokens that can simplify monetary
policy and bring about convenient cashless societies. They're also
sometimes said to be similar to cryptocurrency1 due to their digital nature, but there are important, and major, distinctions.
While cryptocurrencies are decentralized and allow anonymous
transactions, CBDCs are centralized and can track every transaction.
They can also be controlled by the powers that be — meaning all your
CBDC assets could be taken away or turned off by a central power, and
there'd be nothing you could do about it.
CBDCs Are Part of the Plan to End All Currencies
Finance guru Catherine Austin Fitts — publisher of The Solari Report2
— warns that a slavery system, steeped in the ideologies of
transhumanism and technocracy, is being created right before our eyes.
The complicated, "messy" plan used the pandemic to engineer a total
remake of world currencies and our entire way of life.3
Comparing the move to herding sheep to a slaughterhouse, Fitts
explains how the pandemic lined people up to depend on their governments
for protection from an invisible enemy (COVID-19) and then used fear to
keep people from living what once was considered a normal life.
The herd mentality includes encouraging debt entrapment to the point
that people become desperate for any type of cash flow that can help
them meet their day-to-day living expenses, until they willingly give up
their rights in exchange for any relief offered to them.
In The Corbett Report video above,
you can hear Agustín Carstens, executive director of the Bank for
International Settlements, describe the chilling truth about CBDCs.
Corbett describes the Bank for International Settlements, by the way, as
the "central bank of central banks — the apex of the financial monetary
pyramid, identified by Carroll Quigley in 'Tragedy and Hope' — and
others as the capstone of the Pyramid of Power."4 Carstens says:5
"We don't know, for example, who is using a $100 bill
today. We don't know who is using the 1,000-peso bill today. A key
difference … with the CBDC is central bank will have absolute control on
the rules and regulations that will determine the use of that
expression of central bank liability. And also we will have the
technology to enforce that."
CBDCs Instrumental for Social Control
CBDCs are an integral part of a social control system. By removing
paper currency and replacing it with CBDCs, your ability to engage in
transactions can be monitored and turned on and off. What could this
look like in your day-to-day life? British activist Maajid Nawaz put it
into simple terms, likening CBDCs to vouchers instead of currency —
vouchers that have a finite limit for certain purchases, and once your
quota is met, you can't obtain any more:6
"They want to replace fiat paper money with digital money as a competitor to Bitcoin and crypto money, right?
But instead of being decentralized currency, it will
be controlled by a government … So instead of having a bank account with
… HSBC or Bank of America, you'll have a bank account directly with —
in the American context, with the Fed — in the UK, directly with the
Bank of England. You have a personal bank account, and you're given
digital money in that bank account.
… This money that you will earn from work, instead of
having paper money, you have this digital money. It's programmable so
that you can't buy certain foods, or if you do something that your
employer doesn't like … you won't be able to spend your money. In other
words, it's not money, they're vouchers.
They're like food vouchers. And they can be
programmed. So that, like the Chinese social credit system, if you try
and use them on a certain thing, it won't work. Say you want to buy a
burger, and they want you to buy a box … if you start to try and buy
unhealthy meat, it just won't work … you tap your card, you can't buy
the thing, because you've met your quota that month, for burgers."
"We're talking about a world where most people are under 24/7 surveillance
and then their financial incentives and their financial power are
related to how well-behaved they are," Fitts explains. Corbett uses
parking tickets as another example of how CBDCs may come to dictate your
every move:7
"Do you remember that parking ticket you forgot to
pay last month? Well, your central bank issued CBDC, it remembers, and
it will just subtract those funds plus a late payment fee from your
account when you're not looking.
Got caught supporting the wrong fundraiser or the
wrong political cause, like the freedom convoy in Canada? Don't worry.
In a world of CBDC transactions, you wouldn't have even been allowed to
donate to that cause in the first place because your wallet wouldn't let
you."
Let's say, for another example, that you miss an appointment to get a
vaccination. The system will know and your access to banking might be
cut off until it registers that you got your shot. According to Fitts:8
"It is essential to understand the proposals
underway. In my opinion, CBDCS (central bank digital currencies) are an
essential part of the ongoing financial coup d'état which — if
successful — will end constitutional government and human liberties in
the U.S. and G7 nations. You need to take this seriously."
10 Actions You Can Take to Stop CBDCs
Implementation of CBDCs is moving ahead, fast. In 2023, 11 countries
have fully launched a digital currency while more than 20 more will move
toward starting one. All G7 nationals are now actively developing
CBDCs, including the U.S. Further, 114 countries, which represent more
than 95% of global GDP, are looking into CBDC — up from just 35
countries in 2020.9
However, widespread CBDCs are not yet inevitable. "It is important to
recognize that there is a great deal that each one of us can do to take
action," Fitts says. "In a highly leveraged financial system such as we
have, a single individual counts for a lot."10 In response to the many requests she's had from people wondering how to stop CBDCs, Fitts compiled these 10 top actions.11
1. Use cash — Fitts recommends using cash as much as possible — and not frequenting shops that don't accept it:12
"Walk out on establishments that refuse to accept
cash. When using remote facilities where cash is not possible, use
checks if you can. We understand from one subscriber that check
companies are scrambling to fill the orders of all of the bank customers
who have requested checks recently. Whether the indicator is banking
statistics or anecdotal reports from our subscribers, cash use is
clearly rising."
In addition to using cash, Fitts recommends keeping a stash of cash
on hand, safely stowed in several locations. "Think small, and start
thinking about all the ways you can spread your cash around and put it
in different places, including outside of the banking and brokerage
system," she says, "but also how you can use your cash to permanently
lower your expenses and permanently lower your risk."13
Think like a squirrel does when stashing away acorns for the winter.
You want to have your cash spread out, in "little pots all over the
place." This starts with keeping cash on hand in your home, ideally in a
fireproof safe. Then you can expand to a safe deposit box at a bank, a
small, local bank or investing in silver and gold coins.
2. Embrace analog —
While some digitization is OK, an entirely digital system is at risk of
being manipulated and controlled by a central power. Fitts recommends
minimizing your use of digital systems, including avoiding biometric
technology and QR codes. "Get invasive surveillance systems out of your
home. Use hard-wired Internet connections, not Wi-Fi … While you are at
it, refuse to use or support vaccine passports," she says.14
3. Do business with people you trust —
Focus on finding people of integrity with whom to conduct business.
Even if it costs more, Fitts says, it's worth it. "In the end,
fraudsters and others who contribute to unhealthy systems through their
own greed or lust for power cause untold losses. All those little
expenses related to transacting with integrity can end up being
lifesavers …"15
Corbett refers to this as "freedom cells" and recommends joining with
a small group of eight or so other people, then connecting to other
groups, engaging in a local exchange trading system or using some form
of community currency. This "will facilitate actual productive economic
activity if we arrive at the Mad Max apocalyptic scenario … or the
government coming down and cracking down on dissent to the point of
taking you off the payment grid," he says.16
4. Choose a small, local bank —
Ditch large, multinational banks in favor of trustworthy local banks or
credit unions. While you're there, let bankers know about the dangers
of CBDCs. The Solari Report even has a template letter17 you can use to inform your bankers about the downsides of CBDCs. It reads, in part:18
"It strikes me that creating a different, yet
centrally controlled fiat currency that can be created from thin air and
manipulated by unelected central bankers does not promote U.S.
financial stability or provide citizens with consumer and investor
protections — except in the sense that totalitarian governments can be
financially stable through the power of taxation without representation
and the ability to micromanage and regulate the spending of families and
small enterprise."
5. Finance friends, not enemies —
While limiting the number of online and digital financial transactions
you make, avoid supporting credit card companies and financial
technology (fintech) firms intent on expanding digital IDs, vaccine
passports and CBDCs. Instead, focus on making financial transactions
with like-minded people and entities.
"Financing your local farmer or farm distribution service may not
look like a great money-maker," Fitts explains, "but it means you will
have a better chance of not being cornered into eating insects and
lab-grown meat."19
The idea is to establish of form of survival currency that allows you
to eat, maintain shelter and survive in a worst-case scenario.
"When you are in a survival situation," Corbett explains, "where you
were literally scrambling to provide food for your family… let's start
from that point of the survival currency. What can I do to facilitate
exchange with people in my area, who I want to exchange with, but we
don't have access to these dollars or pesos, or whatever."20
Examples of survival currencies, which each have their own pros and
cons, include precious metals, cryptocurrencies and bartering.
6. Ask state officials to support financial freedom —
Fitts recommends asking your state legislators to start a sovereign
state bank that protects the right to free financial transactions. She
explains:21
"Make sure it is a sovereign bank that supports (and
does not and cannot compete with) private community banks and credit
unions, and helps to ensure they can provide free private financial
transactions.
While you are at it, ask them to start a state
bullion depository. Then, in the worst-case scenario, you can use your
gold and silver as a local currency (if your state has been smart enough
to cancel sales tax on precious metals — if not, that's another matter
to bring up with state legislators)."
7. Hold the New York Fed accountable —
The New York Federal Reserve Bank, which acts as the depository of the
U.S. government and stores the largest known depository of gold in the
world, holds immense power over U.S. financial policy.22
Fitts suggests contacting your congressional representatives to
demand an audit of the New York Fed, including tracing $21 trillion in
funds missing from the U.S. government — which amounts to $65,000 per
person in the U.S. — and returning it. She adds:23
"Clearly communicate that congressional
representatives are not to pass any legislation or grant the Fed (most
notably the New York Fed) any more powers or funding until the Fed is
audited, transparent and held accountable, and makes restitution for all
illegal transactions in U.S. government accounts held by it or its
member banks.
Congress should not accept any argument that the
executive branch has the authority to proceed with the institution of
CBDCs without congressional approval."
8. Tell the US to leave WHO —
The U.S. government has close ties to the World Health Organization.
Not only does it provide between $200 million and $600 million in
funding annually, but it's actively engaged with the organization.24
"The WHO, among other unacceptable actions, is using the health care
system to institute vaccine passports," Fitts says, "which is simply a
way of getting the authentication system needed for CBDCs and spatial
control." The Solari Report has a template you can use to send to your
representatives regarding WHO's pending amendments to existing International Health Regulations.25
9. Reject taxation without representation —
CBDCs will rapidly usher in an era of taxation without representation,
leading to the end of liberty. By granting complete control of
individuals' financial transactions to central bankers, CBDCs allow the
government to maintain complete control.
"Under a CBDC system in which government maintains and controls all
financial transactions, if a citizen objects to taxation without
representation by refusing to pay federal taxes in the face of gross
violations of the Constitution and human rights, the central bankers can
simply take the taxed amounts from such individuals' accounts," Fitts
explains.26
10. Share your knowledge with friends and family —
Tell everyone you know about the true intention of CBDCs so they can
also take action against them. This includes educating yourself and
others to resist propaganda tactics being used by Big Tech to influence
public opinion and individual minds.
If we can decentralize financial power, it will lead to an improved
economy and future, Fitts notes, and practical opportunities are all
around us. For instance, embrace local farmers and grow as much of your
fresh food as possible. "If we grow our own food supply, it will make it
much harder for the bankers to control the transaction system," Fitts
says.27
So, rather than feeling defeated, recognize that the opportunity
exists to win this battle, one action and one individual at a time. As
Fitts explains, there's room for everyone to get involved:28
"Central banks are pushing for central control — they
believe if they do not do so, they will lose control. Given that they
do not provide essential functions and their exercise of control is
exceptionally damaging and expensive, that could be a very good thing
for both our freedom and our pocketbooks.
The opportunity depends on our leadership. So start
leading where you can and as you can. You never know what can happen
until you try!"