The financial industry with its profit motives has the tendency to forget about human rights, the right to privacy is lost in the analytics and machine learning algorithms when funding projects.
More evidence for the globalists’ plan to rngineer the digital economy (“Cashless Society”).
A blockchain is usually described as a distributed ledger: a database of records shared by all clients with access.
The blockchain is more than what the paper bank ledger once was, the blockchain is a global supercomputer.
Make no mistake about the ruling class scripting civilization, the globalization script is all about mandatory capital controls…
…mandatory bank accounts, 100% tax compliance, blockchain tech., capital controls, currency wars, and digital currency controls in America, Venezuela, Turkey, India, and elsewhere, but these policies with banksters’ FinTech are spreading to all nations on the globalization path toward the Cashless Society.
Here we are with the World Bank helping China issue SDR-denominated bonds. This is the real reason that this bond issue is happening at all.
SDR bonds create the market for SDRs generally and legitimate their use as a settlement currency in their own right.
The New SDR, where as the RMB, AIIB and CIPS will mark their major roles in assisting the emerging markets increase international trade in exchange for the weaker national currencies/goods/services within investment banks, clearing banks, and central banks’ transactions mechanism.
That monetary reform operation would effectively end the dollar’s role as the leading reserve currency, but first a major crisis is required to shock and prepare the citizens with mass media hype and institutional declarations for emergency or war authority.
Then write off most institutional debt, a debt jubilee can meet religious leaders’ expectations and be blessed as divinely inspired.
Heck, the international community of nations appear to already be on-board when you throw in some connection to linking or backing the currency reserves with gold bullion and continuing their system to print money in the interest of keeping a rotten system functioning.
…to Russians, cash is king, even online, and what makes this possible is the QIWI system which allows users to shop and pay bills without transmitting sensitive banking information or credit card numbers over the Internet. QIWI customers simply deposit their cash into an ATM-like machine and use it to make transactions.
QIWI was launched in 2004 and by 2013 had 169,000 terminals in Russia alone, more than double the number of any bank’s ATMs.