CASHLESS SOCIETY: Wall Street Kingpin Says Central Banks May Adopt Digital Currencies Due to Russia/Ukraine War
BlackRock CEO Larry Fink, whose firm manages 10 trillion in global assets, says that the aftermath of the Russia/Ukraine conflict will likely hasten the development of digital currencies by central banks.
“The war will prompt countries to re-evaluate their currency dependencies,” Fink wrote in a letter addressed to his company’s shareholders.
“Even before the war, several governments were looking to play a more active role in digital currencies and define the regulatory frameworks under which they operate,” he added.
The Federal Reserve has recently written a whitepaper about the possibility of issuing digital currency, in order to allow the central banking colossus to more tightly control the flow of money and further consolidate their control.
“A global digital payment system, thoughtfully designed, can enhance the settlement of international transactions while reducing the risk of money laundering and corruption,” Fink wrote.
“Digital currencies can also help bring down costs of cross-border payments, for example when expatriate workers send earnings back to their families,” he added.
BlackRock’s full annual letter to shareholders can be accessed here.
Big League Politics has reported on Russia’s growing willingness to accept Bitcoin for energy exports as they are increasingly frozen out of the globalist economic system:
“Pavel Zavalny, who serves as Chairman of the Russian Energy Committee, has stated that his country will consider taking Bitcoin as payment for energy exports…
“If they want to buy, let them pay either in hard currency, and this is gold for us, or pay as it is convenient for us,” said Zavalny, a Duma deputy, according to an English translation of his words.
“The set of currencies can be different, and this is normal practice, [so] you can also trade bitcoins,” he added.
As a possible consequence of Zavalny’s remarks, Bitcoin has risen about three percent on the day, reaching $44,000 for the price of one of the cryptocurrency instruments…
While brainwashed Westerners parade the cause of Ukraine’s corrupt puppet regime due to propaganda overload, Russia continues to undermine the new world order pushed by psychotic elites. This could be the final hurrah for globalism as nations realize they are stronger outside of this vile and wicked system.”
The crumbling globalist power structure is worried about alternatives arising to their collapsing financial system so they are moving faster toward the cashless society. However, it may already be too late as the public would rather deal in more decentralized crypto than digital currency instruments managed by the same corrupt interests that destroyed economic stability in the West.