IMF Intensifies Call for Cashless Society, Replacing the Dollar with Central Bank Digital Currencies

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by Shane Trejo, Big League Politics:

Kristalina Georgieva, managing director of the International Monetary Fund, stated last week that there should be more adoption of central bank digital currencies (CBDCs) allegedly to help developing populations throughout the world.

“CBDCs can replace cash which is costly to distribute in island economies,” Georgieva said Wednesday while appearing at the Singapore FinTech Festival. “They can offer resilience in more advanced economies. And they can improve financial inclusion where few hold bank accounts.”

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“CBDCs would offer a safe and low-cost alternative [to cash]. They would also offer a bridge to go between private monies and a yardstick to measure their value, just like cash today which we can withdraw from our banks,” she added.

Georgieva stated that 60 percent of the world are currently considering adopting CBDCs right now.

“The level of global interest in CBDCs is unprecedented. Several central banks have already launched pilots or even issued a CBDC,” the IMF claimed in a September report pushing the idea. Currently, 11 countries have adopted CBDCs.

Big League Politics has reported on how it is the agenda of the globalist elite to push CBDCs as a way to amass Orwellian control over all economic activity:

During its “Summer Davos” event towards the end of June, the World Economic Forum (WEF) has endorsed the mass adoption of Central Bank Digital Currencies (CBDCs) at the “Summer Davos”.

At this event, the WEF demonstrated in multiple discussions the crucial role “public-private partnerships” will play in creating an integrated financial system.

It’s an open secret that the WEF is an exclusive forum of globalist elites. Unsurprisingly, the WEF has given its thumbs up to the concept of CBDCs, declaring these currencies as the next stage of monetary evolution.  

CBDCs effectively function as digital versions of national currencies and are marketed as a mechanism to establish an efficient, secure, and inclusive monetary system. That said, beneath  the fancy marketing surrounding CBDCs is a potential avenue for governments to exercise heightened control over people’s lives. With the mass establishment of digital currencies, government authorities can surveil individuals’ financial transactions with frightening detail and ease.

Around the time of this event, the WEF published a report where it put forth “advancing cashless societies” as one of the principal motivations for rolling out CBDCs. “Focusing on reducing cash use, promoting digital payments and enhancing financial literacy to drive economic growth and increase efficiency, while balancing privacy concerns,” the report highlighted.

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