Global Technocracy

In part 1 Richard gives an update on his legal situation.

In part 2, “Global Technocracy”, which is impacting on humanity in an increasing way every day. Included is an analysis of the current rush by most countries in the world towards Central Bank Digital Currency, with contributions from Iain Davis.

Iain adds the following comments to the programme …. I would add that if the PIPs can program money, their access to wholesale CBDC will be dependent upon them supporting government policy initiatives. “Interoperability” means privately issued digital coins, such as stablecoins, will be “interoperable” with the proposed CBDC system. Therefore, private programmable digital money will enable commercial banks to operate a CBDC system in all but name. JPMorgan’s Kinexys is clearly designed for that purpose for example. … Just because central and commercial banks (in the West) say “they” won’t program CBDC, if commercial banks can program their own digital coins, as they collectively form a public-private partnership, they will program digital money-whether it is called CBDC or not-to meet policy objectives. The Hybrid Model best facilitates this because the CBDC is just wholesale (not programmed) but all the commercial activity in the “economy” takes place using “interoperable” digital coins issued by commercial banks and it is here that the “programming” takes place. CBDC certainly will not cut commercial banks out of the system. Commercial banks have the upperhand in the “partnership” in my view.