The Question of Cash and CBDC
Central Bank Digital Currency. What is it? Will it Happen? Do you Care?
We need to know what’s going on, in Mudgee and internationally, but the main stream media doesn’t seem to be interested. So many stories about things we aren’t that interested in. Some of them not even factual.
When it affects us personally, our family, our house, our job, our money, our local community - sure, we DO CARE about that. We want to know what is happening and how it affects us, preferably before it happens, not after.
Why are so many people paying in cash, for example?
Have you ever heard of CBDC? Central Bank Digital Currency?
Does it matter?
Some time ago people started handing out a pamphlet with the following information on it:
. “Stop the Digital ID”
. Use Cash more often when you pay people, locally, and where you can.
Why is there interest in any of this?
“How do you feel about…
all your data (medical, financial, purchasing, passwords) being in one place considering the rise in online fraud and data hacking?
Your spending habits being stored and potentially shared with advertisers?
Not being able to do a cash job again or put cash into a birthday card?
The banks making even more money by charging fees on every transaction?
What happened in Canada when Justin Trudeau froze citizens’ bank accounts for supporting a protest (you can google that)?
Governments being able to dictate where and when you can spend your money and what you are allowed to buy?
Not being able to leave the house without a charged smartphone?”
Reignite Freedom and The Global Walkout began raising awareness of changes in the economy and environment generally some time ago, raising awareness about a potential cashless society, each person being required to have a Digital ID, etc.
It seemed pretty far fetched at the time.
However, we now see Australian banks restricting cash, people being asked “where did that money come from?” when they make deposits inside a bank, etc. Like you made the money selling drugs… or something! (Some people do, some people don’t - what has it got to do with the person behind the counter at the bank? What business is it of theirs?)
What is going on?
Here is a documentary about the digital ID:
www.reignitefreedom.com/digital-ID.
CBDC - Central Bank Digital Currency
CBDC is a concept, which the international banks appear to be introducing internationally. Sounds totally far fetched, but if you look on the Reserve Bank of Australia’s own website, you will see that certain pilot programs of CBDC have already been completed.
Here is an example: a downloadable white paper explaining the CBDC pilot for “digital finance innovation”.
https://www.rba.gov.au/payments-and-infrastructure/central-bank-digital-currency/pdf/australian-cbdc-pilot-for-digital-finance-innovation-white-paper.pdf
The Economics of a Central Bank Digital Currency in Australia: here:
https://www.rba.gov.au/speeches/2022/sp-ag-2022-12-08.html
Brad Jones, Assistant Governor, December 2022.
So none of that looks like a myth… how will it affect you?
When will it come in?
Will you have to have a Digital ID to function in that world?
What rules and restrictions, if any, will apply, on your Digital ID?
Does this Digital ID have anything to do with Service NSW, or the Director’s ID? GovID? My GovID?
Quite apart from the above, how did you feel about the consistent increases in interest rates over the last many quarters, after the Australian Governor of the Reserve Bank of Australia indicated that would not happen? Will an investigation into his behaviour make any difference?
Bank of International Settlements (BIS)
Who is the Bank of International Settlements?
Simply put, the Bank of International Settlements is the bank above all the Reserve Banks in the world. It is where transactions are monitored and information is centralized.
Here is the present head of the Bank of International Settlements, Agostin Carstens, talking about Central Bank Digital Currency (CBDC) and the traceability of every transaction:
You can find other videos of his on YouTube as well. These opinions and aims are not hidden, or secret.
www.StopThe DigitalID.com has more information if you are interested.
Is this Relevant to Mudgee?
Probably. We can see changes in our banking locally, with the ANZ bank closing, Newcastle Permanent has now merged with another bank (the shopfront/facade looks the same, and neither bank is listed on the ASX), and cash transactions in branches appear to be having different ‘characteristics’.
It has been some time since you could casually just transfer out $30,000 of your own money to somewhere else, without having to get a change to your “daily limit” or some approval process to go through…
Anyway, this is the reason I’ve started this substack/blog… to start noticing what is happening in our town, and look after the best interests of our good people, help us help each other.
Because it is my opinion that things could get tight around here, that things might not be as easy over the next few years as they have been in the recent past, and that we might help each other out.
Where, when and how we chose to do that.
Elizabeth