CBDCs: The 666 future of money? Is the US dollar really losing influence?

Join the digital revolution with CBDC, the future of money is here. Experience fast, secure and decentralized transactions using CBDC’s cutting-edge technology. Invest in the next big thing and be a part of CBDC financial development. pic.twitter.com/KGoTehaVi0

— CBDC NETWORK (@Cbdcnetwok) March 17, 2023

COGwriter

As the tweet at the beginning of this post shows, various ones believe that Central Bank Digital Currencies (CBDCs) are the future of money.

While all places are not ready to embrace them yet, consider the following:

EU merchants brace for a cashless future? Impending regulations could force the acceptance of digital Euro

In the eurozone – made up of the 20 (out of 27) EU members that have adopted the euro – merchants might find themselves under obligation to accept a future European Central Bank (ECB) digital currency.

This is information from a paper that eurozone finance ministers were expected to discuss … The obligation proceeds from granting the EU CBDC the same status as cash, making it a legal tender.

The paper says that this course of action would make sure that the digital euro’s network effect and distribution are increased.

Another point the paper raises for ministers to debate is if there should be exemptions, whose goal would be “balancing the principles of contractual freedom and mandatory acceptance.”

The ECB is yet to formalize a decision on issuing its CBDC, but this is expected to happen in the fall, and meanwhile, EU bureaucrats are clearly busy finalizing the proposal, including technical issues and priorities. 03/21/23 https://reclaimthenet.org/eu-merchants-could-be-forced-to-accept-digital-euro

More and more is happening with the move towards CBDCs and other forms of digital currencies.

Earlier this year Klaus Schwab, the head of the World Economic Forum (WEF), called for its supporters to “master the future” (see WEF wants to ‘master the future’–CBDCs are part of the way).

The WEF later said that CBDCs are inevitable:

As digital currencies become more popular, could we be seeing the end of cash?

High-interest rates, as we are seeing today, incentivize consumers to deposit or save money. … high central bank interest rates certainly play a role in decreasing the amount of cash in circulation. … In turn, a decline in cash is already starting to occur in some economies. For example, currency in circulation fell from 10.4% of the GDP in the United States in 2021 to 8.6% in 2022; for the Eurozone, it fell from 10.1% of GDP in 2021 to 9.8% in 2022. …

Towards cashless society

The question is no longer if digital cash will arrive but when and how. Today, 90% of central banks are developing a central bank digital currency (CBDC) and 62% are experimenting at the proof-of-concept stage – the share of countries developing a CBDC or running a pilot doubled from 14% to 26% between 2020 and 2021.

Interestingly, 76% of nations working on a retail CBDC are exploring interoperability with existing payment systems. This move would encourage the coexistence of central and commercial bank money and speed up the widespread adoption of CBDCs.

Central banks in nations representing about one-fifth of the world’s population will likely issue general-purpose CBDCs in the next two years. 03/15/23 https://www.weforum.org/agenda/2023/03/could-we-be-seeing-the-end-of-cash-digital-currency/

WEF Admits CBDC Is Inevitable

The World Economic Forum has admitted that central bank digital currency (CBDC) is inevitable. That means the ruling class is going to make sure the slaves stay enslaved forever, and they want you to know they have all the power, and you have none.

We have known for a long time that those who want power need to ultimately control and see every single transaction made by every single human being alive. For that, they need a CBDC, and that is the endgame. …

With the banks collapsing, the rulers could very well turn around and “save” the public by introducing the new permanent slave system, or their CBDC scheme. 03/17/23 https://www.sgtreport.com/2023/03/wef-admits-cbdc-is-inevitable/

The Bible says that a coming totalitarian European Beast power will control buying and selling–reduction of cash use and some type of electronic currency seems to be required for this.

The move in that direction was #13 of my list of 23 items to prophetically watch in 2023:

13. CBDC and 666

Notice the following prophecy:

16 He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, 17 and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.

18 Here is wisdom. Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666. (Revelation 13:16-18)

This type of financial surveillance could not have happened during the time of the Apostle John as there was no real way to monitor many financial transactions then (despite the fact that ‘preterists’ believe this was fulfilled almost 2000 years ago, see also The Dangerous Rise of Preterists). The same was true for all the centuries that followed until the late 20th and now the 21st century. But now not only does the technology exist to monitor most financial transactions, the political will is there as well.

It will be a European power that will fulfill the above prophecy of 666 (watch Can You Prove that the Beast to Come is European?).

It will likely take computers aided with artificial intelligence to aid in the fulfillment of the scriptures in Revelation 13:15-18, as well as cyber-spying/monitoring. I do believe that cyber monitoring will be used by the European Beast, King of the North, 666 power. …

Knowledge and monitoring of financial transactions is greatly increasing.

Europe has claimed that it will be the dominant force in cryptocurrency.

While 2023 will not see a cashless world, expect to see more movements towards monitorable payments.

Expect to see more steps related to Central Bank Digital Currencies in 2023.

Biblically, we know that 666 financial controls will be put in place in Europe, and likely elsewhere.

Actions towards Central Bank Digital Currencies looks to make that easier.

Notice the following related to that:

January 17, 2023

The game-changing development could have a profound impact on the banking system. But few people still understand it.

“Central-bank digital currency” doesn’t exactly roll off the tongue. But you might want to get used to saying it. These so-called CBDCs, or digital versions of dollars, yuan, euros, yen or any other currency, are coming, say those who study them. And depending on how they are designed and rolled out, their impact on the banking system could be profound.

One hundred and fourteen countries are exploring digital currencies, and their collective economies represent more than 95% of the world’s GDP, …

Generally, however, CBDCs can be roughly divided into two types: those designed for use by financial institutions and those designed for use by the general public. …

The first type is just a new way for central banks to transfer money to commercial banks. …

The second type of CBDC is a digital version of fiat money made available to the general public through accounts held by a central bank or a commercial bank. From the perspective of a regular person or business, this kind of CBDC isn’t any different from the electronic money in their bank accounts today—it’s just a digital dollar. What makes these kinds of CBDCs special is that they are created, and held, in accounts that a central bank has direct access to. If another pandemic happened, for example, the Fed could just deposit stimulus “checks” into every U.S. citizen’s digital-currency account.

This type of CBDC represents a departure from the way money is created and distributed today, in that everyday people would now have accounts, or “wallets” that contain money created by their country’s central bank itself, instead of by their commercial bank. It represents a profound shift for central banks, from their traditional role as providers of money to a country’s banking and financial system, to connecting directly with everyday people. https://www.technocracy.news/wsj-central-bank-digital-currencies-are-coming-ready-or-not/

Notice also the following

When broken, debt-soaked “developed economies” suffering from years of fantasy money printing to “solve” fatally rising debt levels collide with history-blind and economically-ignorant policy makers, the end result is always the same: Liberty sinks, currencies die and control rises. …

Nowhere is such will-to-power opportunism and fantasy (i.e., centralized) solutions more exemplified than in the so-called “Great Reset” authored by the head of the World Economic Forum, Klaus Schwab.

Like all opportunists and historical as well as current “types,” Schwab (like the IMF, the BIS, the Fed, the White House, the European or British Parliament etc.) is exploiting a crisis to enhance control while appearing humanitarian and visionary.

We’ve seen this demagogue movie before in Italy, France, Germany, Spain, Yugoslavia, Cuba, China, Russia etc. …

Klaus Schwab, along with just about every other global leader, was taking a more dramatic and opportunistic approach, declaring that, “the Corona Virus pandemic has no parallel in history. It is our defining moment.”

Huh?

What he really meant in this classic Freudian slip was that Covid was his defining moment. Namely, the perfect crisis to exploit global fear and promote his new “Great Reset” vision as the leader of a better tomorrow, akin to Lenin’s losing-war promise/bribe of simple “bread and peace” in 1917…

And what is Schwab’s (and others like him) vision of a better tomorrow?

What is the “Great Reset”?

Like most politically and financially bad ideas (from Quantitative Easing to the Patriot Act), the Great Reset envisioned by Schwab has a seductive title and facade—namely “Stakeholder Capitalism.”

Unlike current shareholder capitalism, his concept of stakeholder capitalism aims to infuse global corporate board seats with a higher percentage of special interest representation (i.e., labor, environmental, social justice etc.). …

Enter CBDC …

It seems that in 2022 and now 2023, everyone is suddenly asking about CBDC. And they should be.

But what is it?

To begin with, CBDC is not a new currency, it’s a new payment system—one that is digital and encrypted rather than paper-based. Instead of dollars, yen, lira and euros, we’ll soon have e-dollars, e-yen, e-liras and e-euros etc. …

CBDC systems allow indebted nations to better control, and hence steal from, their citizens.

When currencies are “reset” (like Germany in 48), the government can “convert” your old money to the new money while simultaneously (due to a “crisis”) keeping a percentage for themselves as a clever way to pay their debts via digital hold-backs (i.e., theft). …

But that’s just the tip of the iceberg when it comes to controlling citizen money and freedoms.

A Cashless Control State

… the longer-term aim and practice of a forced digital currency system is to take cash out of the system.

Under a CBDC regime, citizen money can be digitally monitored, withheld, frozen, taxed, penalized or otherwise controlled should such a citizen (or collection of citizens) challenge or threaten the state—rightfully or wrongly. 01/04/23 https://goldswitzerland.com/2023-the-abcs-of-cbdc-the-great-resets-more-centralized-control/

Yes, a totalitarian “reset” will occur (cf. Revelation 17:12-13).

Yes, control and elimination of cash are goals associated with CBDCs and the WEF–so is pushing aside the US dollar by various ones in Europe, Asia, and the Middle East. ‘Simon Black’ sent the following a couple of days ago:

After a recent visit to China, French President Macron urged Europe to move towards independence from US foreign policy, and to rely less on the US dollar.

France… which is literally America’s oldest ally, one of the largest economies in Europe, and a key leader of the European Union, is pushing against the dollar.

In addition, China and France recently completed their first yuan-settled LNG (liquified natural gas) trade. Again, this shows a shift from France solely using the US dollar for foreign trade, to also using the yuan.

Just before that, China and the United Arab Emirates made history with the first ever LNG trade settled in yuan. Then Brazil and China reached a deal to ditch the US dollar and trade in their own currencies.

Malaysia’s Prime Minister has proposed an “Asian Monetary Fund” to reduce dependence on the US dollar. Malaysia also struck a deal with India to trade in the Indian rupee.

India and Russia are settling oil deals without US dollars.

Then there is “BRICS”— Brazil, Russia, India, China, and South Africa which account for about 40% of the global population and a quarter of the global economy.

At a Bretton Woods-esque summit planned for this summer, BRICS will discuss creating a new currency, potentially pegged to gold, which they can use to trade.

Most importantly, Saudi Arabia is open to breaking the petrodollar and to start selling oil in yuan; on top of this, Saudi’s crown prince recently stated that he was “no longer interested in pleasing the US”.

The pace at which countries are turning away from the US dollar reminds me of the Hemingway line I mentioned recently about going broke: “gradually, then suddenly.”

I’ve been warning readers about the decline of the dollar’s reserve status for over a decade. And it may have seemed controversial back then that the dollar could be dethroned.

Now it is blatantly obvious. This is no longer a prediction, it’s happening in front of our very eyes.

(Black S. The dollar’s international decline is becoming really obvious. May 15, 2023)

Notice that many nations in the world–including European ones–want to push aside the US dollar. Enough of them working together will make it possible for there to be a world economic system that is NOT dependent on the US dollar–and this is getting closer and closer.

According to the Bible (cf. Revelation 13:1-18), a coming European beast power will control buying and selling:

16 He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads, 17 and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.

18 Here is wisdom. Let him who has understanding calculate the number of the beast, for it is the number of a man: His number is 666. (Revelation 13:16-18)

The coming 666 European Beast power will take steps to shoot for eliminating 100% of cash if possible. As far as when, probably by 2028. And that currency could be in place BEFORE the European Beast power rises up.

As far as Europe’s digital plans go, back in January 2022, the Continuing Church of God (CCOG) put out the following video on our Bible News Prophecy YouTube channel:

9:03

EU to be ‘Sheriff’ of BitCoin & Digital Currencies

Will Bitcoin remain unregulated? The European Union does not think it should be and it released a paper titled “Proposal for EU Regulation on Markets in Crypto-Assets.” Christine Lagarde, president of the European Central Bank, earlier endorsed EU regulation of crypto and digital currencies. A Belgian declared that the EU was the “new Sheriff in town” to deal with the “wild west” of Bitcoin, blockchain, and other cryptocurrencies. The European Union now also has the European Public Prosecutor’s Office in operation, mainly to deal with financial matters? Will the Europeans end up controlling buying and selling associated with 666 in Revelation 13:16-18? Is Europe taking preliminary steps to do so now? Dr. Thiel address these issues.

Here is a link to our video: EU to be ‘Sheriff’ of BitCoin & Digital Currencies.

The European Public Prosecutor’s Office officially started operations on 1 June 2021 (https://www.eppo.europa.eu/en/background).

So, yes, there is an enforcer for 666.

The world in general, as well as Europe in particular, is moving more towards a cashless society with digital controls.

Yes, more digital currency use is coming.

The surveilling time of controlling buying and selling-666-is coming.

The Continuing Church of God (CCOG) also put together the following video related to digital currencies on our Bible News Prophecy YouTube channel:

14:17

Cashlessness and 1984

The government of Belgium is in the process of ordering small businesses to accept credit cards. In Sweden more and more cashless transactions are occurring. The European Central Bank as well as the government of the United States is working on developing Central Bank Digital Currencies (CBDCs). Could this be used for ‘1984’ type monitoring? Is something like this needed for ‘666’ control of buying and selling as warned in the Book of Revelation? Does the European Union now have a unit that could do ‘666’ monitoring? What about the use of gold? Steve Dupuie asks Dr. Thiel various questions related to these topics.