'The central bank will have absolute control.'

The head of the BIS explains digital currencies to the serfs.

Mar 23, 2023

As a companion video to my earlier post, here’s Agustín Carstens, the general manager of the Bank for International Settlements (the “central bankers’ [and Nazi] bank), at a 2020 IMF event, Cross-Border Payments—A Vision for the Future.

His “vision of the future” is quite clear.

“For our analysis on CBDC in particular for general use, we tend to establish the equivalence with cash, and there is a huge difference there. For example in cash, we don’t know for example who is using a hundred dollar bill today; we don’t know who is using a one thousand peso bill today. A key difference with a CBDC is that the central bank will have absolute control on the rules and regulations that determine the use of that expression of central bank liability. And also, we will have the technology to enforce that. Those two issues are extremely important, and that makes a huge difference with respect to what cash is.”

"If you want a picture of the future, imagine a boot stamping on a human face - for ever."

- George Orwell