Something just dawned on me with Central Bank Digital Currency

Hello ATS,

We all know the doom and gloom around CBDC. They can track your spending, they can shut off certain purchases (guns and ammo perhaps?), they can limit the area where you're able to spend money. All valid points.

Something dawned on me earlier tonight. Interest rates are just destruction of money. The fed needs to destroy all the money they gave out in stimulus checks in 2020 and 2021. What if the actual purpose of CBDC is to give everyone an account, you would get some sort of UBI (universal basic income) but this account could go below zero. At that point they would charge you interest on that loaned amount. They wouldn't need to destroy money with inflation or interest rates, they would be preying on the individual to destroy the money themselves.

I read a story earlier that people are maxing out their credit cards right now, the total debt is in the trillions for consumer credit card debt. Visa, Mastercard, Discover and AMEX are all going to be posting massive losses. So get rid of them. Also get rid of the banks. If everyone is on CBDC, you don't need those companies anymore. You don't need fed reserve banks anymore either. You don't need to print money and mint coins. This is a very big win for the central banks.

*put your tinfoil hat on for this one*

A couple years ago, before all of this stuff was in the news, there was a redditer that laid out how they were going to handle the cash problem. I don't remember this person's account name so you'll have to believe I'm telling the truth. I'm also going to paraphrase to my best ability as this was a couple years ago. All the niceties aside, let's get into this theory.

If you want to withdraw cash, you still can but there will be a penalty. At first, it will be minor, let's say 5%. So you go to the CBDC ATM and withdraw $100 you will have to pay a $5 fee. No big deal, it's almost that bad right now. Well this rate will routinely increase, 5%, 10%, 25% ect. At some point, people will stop doing that. On the other side of the transaction, this will also occur. If you want to put your dollars into CBDC (this one is for business owners and people that have large cash sums at home) you will be charged a deposit fee of 5%, 10%, 25%. At some point you won't take cash as a business, it just won't make sense to do so. If you are working with the bank of Serta (cheesy mattress joke for the cash holders), all the money you have squirreled away will be useless. You won't be able to spend it, if you deposit it you'll take a 25% haircut on the amount.

If this comes to fruition, the dollar is dead.

What say you?

a reply to: litterbaux

Great business for the banks.

Currently, they charge around 3% when I take out $100 from an ATM. Nost of that $3.00 is pure profit.


You can bet the globalists are salivating at taking 25%.
Outright THEFT !!!

Just in the US, there is about $2.1 trillion in US currency in circulation. 25% of that would yield over $500 BILLION in cash to the globalists

a reply to: M5xaz

They definately want that cut. And the 25% factor is only the beginning. It will eventually go towards 100%. Back in my Ron Paul days, I thought a fair tax was a good idea, I never thought it would come in this way.

I'm fully confident they are going to roll this out, it's a lean way of handling monetary transactions. A lot of people are going to be screwed, especially the bank of Serta folks.

This isnt going to go like most think. The control is not going to be surrounding the issue of currency alone - it's the expiry date that gives the game away you will think you have money but you wont as far as savings goes...



All kidding aside (or not) - nobody is having the discussion over the expiry dates being proposed on issued CDBC currencies and that to me is the key difference - in theory you can be issued whatever amount, but you have a limit to spend it by or you lose it... if that is coupled with data of expenditure and tracked with some form of carbon control based on data collection, then it all starts to look a bit...



Just my thoughts/speculating.

a reply to: XXXN3O

That was a good clip, I forgot about that movie.

I grew up extremely poor and it's not like we "hated" to spend money, the money just wasn't there to spend. I think this still impacts my life when I see an 18 year old at my work buying a 72K truck.

This is where the money destruction theory comes into play. If they put everyone on UBI, you can't work hard for anything. There is no reason to work hard at that point, you're equal to everyone else. It's why these systems fail.

a reply to: litterbaux

So what happened before everyone had a Bank account, the money usually silver and copper, just stayed in circulation. Loans were hard to get, you got a pay packet that usually lasted a week. The moment a bank account was compulsory, the third-party risk was a fact. So when everyone was in a Bank, they rolled out the credit cards which had horrendous interest rates and people got themselves in debt. They used human nature to get debt slaves. The joke is that the banks just created the money to get you into debt.

a reply to: anonentity

Are you asking why previous monetary systems failed?

I fail to understand the point you're trying to make. Please enlighten me.

a reply to: litterbaux

I read a story earlier that people are maxing out their credit cards right now

What;s a "credit card" ?

There where reports of the Australian Reserve Bank, along with the other big 4 working on the CBDC in someway. As for how much, how integrated, how dependent it all becomes? It starting in a top down manner for now. In the thirst for big data, AI systems will go over most of it unless you are on someones radar.

Revolutions and war can reset a currency, the old currency is redundant as a new currency emerges. Having some cash on hand is also a good backup short term if something does happen to the power, communications. With some of the concerns in where cash is headed, I see it as a use it or lose it thing. With enough public demand for cash governments will be forced to keep cash. It only makes up a small percentage of all that is traded these days. It is quick, simple and gets the job done in trading with another. It is what capitalism is about, doing what is good for you and good for another. In that way we all become stronger as a community.

I think it's a lot like my apartment complex.

They need to see how much you make every month and year (paystubs) even with each renewal so they can "Make sure you make enough to live there". Nothing prevents them from raising my rent to something 'THEY' feel I can afford.

Nothing I can do about it since everyone is picking up that mantel.


This is the problem. They'll always 'slip it in' and since there are no laws against it... you suffer.

The problem is, "there is no law against it" so they do it. It becomes the normal.


This is why we feel like we have no ability. No rights.

a reply to: Timber13

Nothing prevents them from raising my rent to something 'THEY' feel I can afford.

A lot of business go through this with their landlords. You got a good spot with lots of foot traffic and the landlord wants a cut of it. If you have a business that goes from 1K a day to 3K a day just from locations, there are bigger economic forces at play. When a landlord gets access to you tax records it does give them more negotiation power.

One big issue with all this CBDC is just how much access will the big sharks get and have that competitive advantage over the rest of the market.

If a landlord goes too hard, then shut down or move is how the economy rolls. It can go the other way at times if business it tough, some income is better than no income for the landlord. Generally I have found the bank oversight to be reasonable when issues do arise, I know it ain't always that way. It has just been small amounts for me. One thing I do give them credit for is they do have a lot of experience in getting scammed, ripped off and dealing with some of the bad human nature that exists.

The first bank to be formed as Australia started was the Commonwealth Bank, it was known as the public trust back then. I like to think that it did establish trust among the community in how we give and take from the community. Maybe there is a small window where a CBDC can do the same, but the current nut jobs in charge it don't look good.

I know financial matters are a private thing, how much different would things be if everyone could check out what everyone else was getting paid. Will be a few arguments to start, would a more realistic measure of the public trust emerge? What if everyone had the ability to see where every dollar went?

a reply to: litterbaux

The penalty in the form of increasing interest charges for using cash is an interesting idea. That would certainly put people off from using it.

Here’s another idea though, what if your cash was to become suddenly worthless overnight? A financial collapse worse than 2008 would do it. That appears to be the expected outcome, so in that scenario governments are forced into a “great reset” and roll out CBDC’s along with digital UBI that is backed assets and most importantly resources that they have. Think something along the lines of carbon credits.
The WEF has proposed transitioning into the 4th industrial revolution and a resource based economy. To extract wealth from the earths fairly abundant resources artificial scarcity must be created, and that’s why the whole climate change thing is pushed so hard.

The key to understanding UBI is right in the name, “basic” meaning just enough to get by on, it will top up your hard earned money as that won’t be enough to get by on. As
XXXN30 has pointed out it has an expiry date so there goes any chance of savings even for the most frugal. It will also be programmable in real time, so if you’ve hit your limit for red meat or whatever for that month, then you literally won’t be able to buy it. You can’t loan, borrow, deposit with other people either like you can with other cryptos.

we are at the tail end of the us$ and the only way to make it work is kill off the independent currencies left in the west and replace them with a digital dollar.. we can see that in the death of sterling, yen and other remaining currencies in Europe, its all about the us retaining its hegemonic power and it won't work as there are too many variables as that process would ultimately mean drawing in the euro especially one at parity..

a reply to: litterbaux

I’ve posted in a similar thread but think it’s relevant here so..

The big difference is these CBDC’s are programmable in real time. It all ties in with “the internet of things” from your so called “smart” devices. From your fringe to your toaster everything will be monitored 24/7. This is what 5G is really about as it’s low latency and can handle large amounts of data between networks.

It enables governments to effectively control and enforce what you consume, not just how and where you spend your money. This is why they want everything to be electric and get rid of gas stoves, vechicles etc...

We all know by now they are pushing the climate change narrative as a excuse to change and control our lives, well this will enable them to do just that.

If they put everyone on UBI, you can't work hard for anything. There is no reason to work hard at that point, you're equal to everyone else. It's why these systems fail.

How so? Someone not working and getting UBI won’t get the same as someone who is working. There will be incentives for working and penalties for not doing so. And you won’t be able to game the system like some currently do. Though it’s true enough it will be nigh on impossible to “better” yourself and climb the ladder like in the current system. There will simply be the haves and the have nots.

There has to be a black market though and I suspect other crypto’s will be used for that. Money laundering would be much harder if not impossible, so what goes on in the black market stays in the black market. We might two economies running side by side.

a reply to: surfer_soul

The penalty in the form of increasing interest charges for using cash is an interesting idea. That would certainly put people off from using it.

on the flip side it would also drive the explosion of local currencies, for me growing up there was the 1960s cuckoo, equiv a penny (GBP) and more recently the 2000s lewes £.. I've grown up with the idea of local currency trumping national currencies even local passports and stamps have appeared from time to time.. as most people don't import/export the good and services they buy... indeed most firms don't import/export either..

its the reformation point i mention in other threads as the harder Rome tried to create a single version of control the net result was to end in fracture and the creation of 1,000s of different versions that no one controls.. so the harder they push to control every aspect of life the higher the chance it'll end up millions of differing versions of that life appearing..

each day we move closer to that inflexion point where the centralisers lose control..

a reply to: litterbaux

I say:

1. Buy silver. It's much more fungible than gold as one ounce of silver can be exchanged for a smaller amount of goods.
2. Learn to barter.
3. Develop marketable skills that people will want to barter for.
4. F*** CBDCs.

a reply to: kwakakev

If a landlord goes too hard, then shut down or move is how the economy rolls

Doesn't work like this anymore. Once upon a time, businesses barganed for your business. Now, other businesses will simply raise the rates to match. Price fixing is a real problem. An unprovable one.

Since covid/lockdowns, everything is upside down. Morals are immoral. Fact is fiction. Free speech is reprimanded.

I can't stress this:

"There is NOTHING you can do about it". It costs money to fight. Everyone who wants to fight is broke. Rock meet hard place. If there ever was a time when a person can no longer fight back against all of the weight and illegal activities done to them and heaped upon them, that time is now.


No one cares anymore. Laws no longer bring fear to the unlawful. People are doing it 'in your face' today and no one cares. No One Cares.

I got sued some years back from a zombie loan. After I paid my lawyer to fight for me.. in the end, he told me to roll over and take it. When I argued, he closed the case on me and just walked away. How????? I did everything right. There are laws against what happened to me but I was told, unless it was 100K or better, they wouldn't even touch it. Apparently my 10k wasn't important enough. My 10K wasn't bad enough to even bother with - even though it's a lot for me...

I really want to watch it all burn now. To embers. All of it. I'll be happy and gleeful when it does.

CBDC is the end of whatever freedom is left.


There are alternatives like local exchanges and having gold /silver and certain forms of crypto.

Eventually everything you do will be controlled and tracked and you will have social credit like in China. Did you just criticize Biden for ignoring Ohio? We are deducting 200 good boy points from your account.

a reply to: litterbaux

If you have paper cash with no intrinsic value, your wealth has a third-party risk, until it is transferred into something else. Governments always inflate the currency and slowly nibble away at its value, that is your wealth.. They do not like the idea of fungible assets, because it makes the manipulations irrelevant. For now they are trying to manipulate the spot price of PM's but the free market price has a mind of its own. Stable assets like Gold and silver or even other useful metals bypass the third-party risk. Or even a can of baked beans for that matter. Trying to convince people that there is no other answer to trade is a fool's errand.

a reply to: surfer_soul

I think cash being suddenly worthless is something that may happen. I just don't see how they will be able to do that without widespread panic and violance. We know the great depression banks closed on a Friday and never reopened. The ones that did reopen lost all of your money.

Considering the fact that most money doesn't actually exist right now, it's a safe assumption that when it's time to pay the piper, the money just isn't there, it never was.