The Key Difference With The CBDC Is The Central Bank Will Have Absolute Control

Agustin Carstens, General Manager, Bank for International Settlements (BIS) - “We don’t know who’s using a $100 bill today and we don’t know who’s using a 1,000 peso bill today. The key difference with the CBDC is the central bank will have absolute control on the rules and regulations that will determine the use of that expression of central bank liability, and also we will have the technology to enforce that.”Show more

Agustin Carstens sent a chilling message regarding the future direction of central bank digital currencies (CBDC). All FED Chairs [world wide] report to this fellow. He states - without stuttering - the objective of the BIS is to END CURRENCY (to control the people). This means no more private money. No more cash belonging to the people. From this viewpoint - access to money is a PRIVILEGE - and may be revoked at will.