What We Can Do to Stop Digital Cash
Sign the Taxpayers Union Petition to stop CBDC (a.k.a. Digital Cash)
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Help Inform People About Its Dangers
Although the Reserve Bank’s consultation period (for Stage 2) on Central Bank Digital Currency has now closed, there is still time and plenty we can do to push back against this threat to our democracy and way of life.
If we don’t stop CBDC, I believe New Zealand will evolve into New China or Little China. It is imperative we use all the time we have to spread the word on its potential dangers.
Although, many countries are in lockstep regarding Digital ID and CBDC, NZ does not have to follow like sheep and get caught up in the worldwide marketing propaganda as many leaders here and around the world seem to be.
There Are Countries & States Cancelling CBDCs because of people raising concerns etc.
There are some countries that have cancelled their CBDC projects and some U.S. states that have passed laws to prohibit them, let’s do what we can to get NZ on that list.
From this paper published early this year So far, Central Bank Digital Currencies have failed:
Abstract
This article examines the experiences of Central Bank Digital Currencies (CBDCs) implemented so far. To date, CBDCs have been implemented in two countries (Finland and Ecuador) where they have failed and been abandoned. They have also been implemented in three Caribbean cases and in China and Nigeria; these five cases are ongoing. These experiences can be summarised as a series of abandoned experiments, embarrassing flops and monumental exercises in policymaker hubris, one of which has already produced a major disaster. In each case where data exist to assess the situation, the public demand for CBDCs has been extremely low. Experience suggests that CBDCs do not offer tangible benefits which existing alternatives cannot already deliver. One might speculate that future CBDCs will fail for similar reasons.
The Closing Comments
…there is no clear problem with the existing system to which a CBDC is the natural solution.
I leave the last word to the American banking entrepreneur Vernon Hill: “You can't name me one retailer in this country that has pushed people where they don't want to go and succeeded.” And that, in a nutshell, is why CBDCs fail.
Also 11 states have pending anti-CBDC legislation… And Trump vows to block CBDC if he becomes president again.
He said:
“Tonight, I’m also making another promise to protect Americans from government tyranny. As your President, I will never allow the creation of a central bank digital currency,” said Trump.
“Such a currency would give the federal government, our government, the absolute control over your money. They could take your money and you wouldn’t even know it was gone. This would be a dangerous threat to freedom and I will stop it from coming to America.”
In addition to sharing information to alert as many people as possible, there is a Taxpayers Union’s petition you can sign. This can be used to help bring attention to the subject.
Petition: Say NO to Adrian Orr’s Digital Cash.
If you agree, Sign the Taxpayers Union Petition to stop CBDC (aka Digital Cash)
From the petition page:
As the man who has failed to keep inflation in the target band for 37 months in a row, he can't be trusted to develop a digital cash in a cost effective manner, let alone one that is functional, safe and secure from privacy risks…
"I call on the Reserve Bank Governor, Adrian Orr, to scrap his proposal to introduce a Government backed New Zealand 'digital cash'."
NZDSOS and Their List of Things We can Do to Help Stop CBDC
NZDSOS have listed a number of things we can do in their recent article, Our Digital Future Takeover: Help to Resist Central Bank Digital Currency Plans.
Their list includes writing a letter to our banks (template for ideas included), to our politicians, and to the Reserve Bank of New Zealand’s executive leadership team, i.e. ‘…those who are privately employed to serve the interests of the international central bankers.’ NZDSOS.
NZDSOS said in their article:
[CBDC] was renamed “digital cash” in an attempt to make it seem more attractive. They [the Reserve Bank] state that this will be “an electronic version of cash, issued by us, but it would not replace cash.”
The above is marketing hype and sounds good until you look beneath the surface. Unlike cash, digital cash, i.e. CBDCs are programmable. They are potentially the greatest control device in human history. In the hands of a bad government, we could all end up in a digital prison.
The following clips from RCR’s Our Digital Future? Breakfast Takeover! have stuck in my mind.
In this clip, Alistair Harding is reflecting on his talk with Catherine Austin Fitts, a financial guru, an investment banker of world renown. View her website here.
In the following clip, Farzin Irani explains how we can be forced into accepting CBDC once we accept digital ID. Our present system hinges on trust. However, those pulling the strings won’t need our trust once we have a digital ID and are locked into the system. Farzin is a wealth management expert and contributes to RCR’s breakfast programme Money Talks.
Reserve Bank’s Contrived Consultation Questions
Jodie Bruning wrote an article about the Reserve Bank’s submission questions and how flawed and biased they are. See her article printed in the Daily Telegraph: The RBNZ CBDC survey – an artifact constructed to deny dissent
From the article:
There is no capacity for the public to reject CBDCs or request that CBDC work is halted…. But no question grants permission to criticise CBDCs and the power that comes from people having a government managed digital identity tied to a government managed central bank account.
The RBNZ use the term ‘digital cash’. Yet digital cash already exists in bank accounts. Using the term ‘digital cash’ to refer to CBDCs is misleading and confusing. Most of the questions in the survey could equally apply to digital cash in commercial bank accounts. It’s frankly, a terrible survey.
RCR in their short video also pointed out some failings of the survey questions. Alistair used terms like strange, sneaky, doesn’t make sense. However, he pointed out, the main purpose of filling out the survey was to let the Reserve Bank know we are watching them, they are under scrutiny.
Survey Questions and Manipulative Tactics
Perhaps we should let our politicians and the Reserve Bank’s executive leadership team know how biased their questions are. Their questions are designed to get the outcome they want.
Update On Petition to Repeal the Digital ID Act
Tracey Coxhead’s petition closes on 31 July, 2024. If you want to sign, there are just 2 days left. Direct link here and you can find out more info on Digital IDs here.