Category: #Monetary System

Bitcoin Tree

Plant the Seed.
Make the tree grow!
You'll never enjoy it's shadow!
But you joice knowing the next generations to come,
Will thrive under it's Legacy...

Say ! NO ! to CBDC’s

Say !•NO•! to CBDC’s

I bet you all the “Free” Cbdc’s the governments are going to give you in the next couple of years, that poor littl’ George Orwell rolls in his grave and burns inside of Envy… because his imagination fades compared to the nightmare bound to come in a city near you !!!

By all means and preety please DO NOT TAKE MY WORD FOR IT but instead D.Y.O.R. (Do Your Own Research) and reach your own conclusions !!!

Here below is a nice place to start ! Enjoy !

CBDC’s Tyranny Is Coming

How & Why You should Prepare

Or Not !!!
For the Future Generation‘s sake…

Here are just a few examples of what that sort of total control may look like:

Government in total control

The government could not only withhold money whenever they deemed fit but they could also devalue the currency.

Lack of privacy

The government will be aware of all of your financial information, what you owe and to whom, what you are spending money on, and what assets you have.

The end of personal security

No longer can you “hide” savings under your mattress. The government will always know how much you have and will have access to it.

Tracking of purchases

The government will be able to track everything you purchase—and potentially stop you from buying it. Let’s say it is something the political party in charge disagrees with, such as legalized marijuana. They can track you and prevent you from purchasing it again.

Tracking pornography purchases, abortion payments, tax evasion, and more…

While you may not think this is a bad idea, what if it goes a step further? What if they think you need to eat less red meat?

Hacking and data breaches

My head spins just thinking of all the ways a CBDC could be attacked by hackers or cyber terrorists.

Educate Yourselves folks :

https://news.bitcoin.com/why-the-rise-of-the-cbdc-is-bad-for-your-privacy

https://edwardsnowden.substack.com/p/cbdcs

https://www.themainewire.com/2022/11/cbdc-bitcoin

https://www.dallasnews.com/opinion/2022/11/06/a-central-bank-cryptocurrency-the-us-should-reject-it

https://www.nasdaq.com/articles/bitcoin-policy-institute-calls-on-u.s.-to-reject-its-central-bank-digital-currency

https://fee.org/articles/why-a-digital-dollar-is-a-really-bad-idea

https://theconversation.com/central-bank-digital-currencies-could-mean-the-end-of-democracy-187505

https://www.adamseconomics.com/post/the-potential-orwellian-horror-of-central-bank-digital-currencies

https://www.coindesk.com/layer2/2022/10/14/against-cbdcs-and-the-politicization-of-money

https://mises.org/wire/digital-currency-fed-moves-toward-monetary-totalitarianism

https://www.cato.org/blog/update-two-thirds-commenters-concerned-about-cbdc

https://www.coincenter.org/without-privacy-do-we-really-want-a-digital-dollar

https://bitcoinmagazine.com/culture/digital-dollar-threat-civil-liberties

https://www.newsweek.com/cbdcs-will-end-american-freedom-opinion-1673676

https://beincrypto.com/problem-cbdcs-surrendering-total-surveillance-control

https://www.cato.org/working-paper/central-bank-digital-currency-assessing-risks-dispelling-myths

https://www.cato.org/briefing-paper/central-bank-digital-currency

https://www.dallasnews.com/opinion/2022/11/06/a-central-bank-cryptocurrency-the-us-should-reject-it

https://www.theepochtimes.com/central-bank-digital-currency-tyranny-is-coming-how-to-prepare_5054210.html

https://cointelegraph.com/news/us-senator-ted-cruz-tries-again-with-new-bill-to-block-cbdc

https://tokenhell.com/congressmen-voice-concerns-over-the-features-of-the-us-cbdc

https://www.forbes.com/sites/norbertmichel/2022/04/12/central-bank-digital-currencies-are-about-control–they-should-be-stopped

https://www.forbes.com/sites/norbertmichel/2022/12/15/the-federal-reserve-should-drop-fednow-and-any-plans-to-launch-a-cbdc

https://pomp.substack.com/p/central-bank-digital-currencies-will

https://hackernoon.com/cbdcs-the-folly-of-digital-fiat

https://www.btcpolicy.org/articles/why-the-u-s-should-reject-central-bank-digital-currencies

Cbdc Initiatives

What is Bretton Woods ?!?

Mount Washington Hotel in Bretton Woods, New Hampshire, where the 1944 postwar U.N. Monetary and Financial Conference established an international commercial and financial system.

The Bretton Woods Conference, formally known as the United Nations Monetary and Financial Conference, was the gathering of 730 delegates from all 44 Allied nations at the Mount Washington Hotel, situated in Bretton Woods, New Hampshire, United States (July 1–22, 1944) to regulate the international monetary and financial order after the conclusion of World War II.

Bretton Woods Conference
July 1 to 22, 1944

The conference was attended by experts noncommittally representing 44 states or governments, including the Soviet Union.

It drew up a project for the International Bank for Reconstruction and Development (IBRD) to make long-term capital available to states urgently needing such foreign aid, and a project for the International Monetary Fund (IMF) to finance short-term imbalances in international payments in order to stabilize exchange rates.

Although the conference recognized that exchange control and discriminatory tariffs would probably be necessary for some time after the war, it prescribed that such measures should be ended as soon as possible.

After governmental ratifications the IBRD was constituted late in 1945 and the IMF in 1946, to become operative, respectively, in the two following years.

This led to what was called the Bretton Woods system for international commercial and financial relations.

The Bretton Woods System

The Bretton Woods system of monetary management established the rules for commercial and financial relations among the United States, Canada, Western European countries, Australia, and Japan after the 1944 Bretton Woods Agreement.

The Bretton Woods system was the first example of a fully negotiated monetary order intended to govern monetary relations among independent states.

The Bretton Woods system required countries to guarantee convertibility of their currencies into U.S. dollar, with the dollar convertible to gold bullion for foreign governments and central banks at US$35 per troy ounce of fine gold (or 0.88867 gram fine gold per dollar).

It also envisioned greater cooperation among countries in order to prevent future competitive devaluations, and thus established the International Monetary Fund (IMF) to monitor exchange rates and lend reserve currencies to nations with balance of payments deficits.

The Price of Gold, as denominated in dollars, was steady until the collapse of the Bretton Woods system in the mid-1970s.

The delegates deliberated from 1 to 22 July 1944, and signed the Bretton Woods agreement on its final day. Setting up a system of rules, institutions, and procedures to regulate the international monetary system, these accords established the IMF and the International Bank for Reconstruction and Development (IBRD), which today is part of the World Bank Group.

The United States, which controlled two-thirds of the world’s gold, insisted that the Bretton Woods system rest on both gold and the US dollar.

Soviet representatives attended the conference but later declined to ratify the final agreements, charging that the institutions they had created were “branches of Wall Street”.

These organizations became operational in 1945 after a sufficient number of countries had ratified the agreement. According to Barry Eichengreen, the Bretton Woods system operated successfully due to three factors: “low international capital mobility, tight financial regulation, and the dominant economic and financial position of the United States and the dollar.”

On 15 August 1971, the United States terminated convertibility of the US dollar to gold, effectively bringing the Bretton Woods system to an end and rendering the dollar a Fiat currency.

Shortly thereafter, many fixed currencies (such as the pound sterling) also became free-floating, and the subsequent era has been characterized by floating exchange rates.

The end of Bretton Woods was formally ratified by the Jamaica Accords in 1976.

Sources:

https://www.britannica.com/
https://www.investopedia.com/
https://www.wikipedia.com/
With 🧡