World Economic Forum Calls for “Public Private Partnership” to Implement the Mass Adoption of Central Bank Digital Currencies
During its “Summer Davos” event towards the end of June, the World Economic Forum (WEF) has endorsed the mass adoption of Central Bank Digital Currencies (CBDCs) at the “Summer Davos”.
At this event, the WEF demonstrated in multiple discussions the crucial role “public-private partnerships” will play in creating an integrated financial system.
It’s an open secret that the WEF is an exclusive forum of globalist elites. Unsurprisingly, the WEF has given its thumbs up to the concept of CBDCs, declaring these currencies as the next stage of monetary evolution.
CBDCs effectively function as digital versions of national currencies and are marketed as a mechanism to establish an efficient, secure, and inclusive monetary system. That said, beneath the fancy marketing surrounding CBDCs is a potential avenue for governments to exercise heightened control over people’s lives. With the mass establishment of digital currencies, government authorities can surveil individuals’ financial transactions with frightening detail and ease.
Around the time of this event, the WEF published a report where it put forth “advancing cashless societies” as one of the principal motivations for rolling out CBDCs. “Focusing on reducing cash use, promoting digital payments and enhancing financial literacy to drive economic growth and increase efficiency, while balancing privacy concerns,” the report highlighted.
Indeed, CBDCs are the latest instrument that globalists want to use to impose economic tyranny on the masses. Such schemes should be vehemently opposed by freedom advocates.
That said, a concrete alternative must be offered to this dystopian system of economic control. And that lies in the establishment of a system of competing currencies.
The first step in achieving that free market system is by abolishing central banking altogether.