Inflation and the World Economic Forum’s (WEF) Push for Central Bank Digital Currencies (CBDC)

Historic Inflation and the World Economic Forum’s (WEF) Push for Central Bank Digital Currencies (CBDC)

Inflation is when prices rise for basic goods and services like food, energy, and shelter. It’s usually caused by an increase in the money supply, a disruption in the production of goods and services, an increase in the costs for goods and services, or a change in the demand for goods and services.

When inflation happens, people lose buying power because their money buys less than it did before. This can have negative consequences, including increased poverty and inequality and hurts those on fixed incomes the most. In some cases, inflation can even lead to social unrest.

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A normal inflation rate is 2-3% per year, but it can be higher or lower depending on the economic conditions. Central banks use monetary policy to try to keep inflation under control.

During periods of high inflation, bartering and trading become more common as people try to find alternative ways to get goods and services. The black-market economy can also become more popular as people look for ways to get goods and services that are unavailable in the mainstream economy.

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When inflation rates get out of control, hyperinflation can occur. Hyperinflation is a more severe form of inflation and can lead to prices rising by hundreds or even thousands of percent per year. This can cause a complete breakdown of the economy, as people lose complete faith in the currency and look for alternative ways to get basic necessities.

Some examples of high inflation / hyperinflation over the twentieth century include the United States in the 1970s, Argentina in the 1980s, Zimbabwe in the 2000s, and Venezuela in the 2010s. In each case, prices rose rapidly, and the currency became nearly worthless.

 

Inflation and the World Economic Forum’s (WEF) Push for Central Bank Digital Currencies (CBDC)

United States

The United States experienced high levels of inflation in the 1970s. Prices rose rapidly for basic goods and services due to an increase in the money supply and a disruption in the production of goods and services.

The inflation rate hit between 11.35% and 13.5% in 1979, which caused people to lose buying power and made it difficult for those on fixed incomes. This period was particularly difficult for the United States, as it was dealing with high levels of inflation and other economic problems.

Argentina

Writing about high inflation rates can be difficult, as it can be hard to imagine what it would be like to experience prices rising by hundreds or thousands of percent each year. However, looking at Argentina’s inflation rate from 1980 to 2019 can help provide some perspective.

From 1980 to 2019, Argentina’s average inflation rate was 215.4% per year. This means that prices were rising by an average of more than doubling every year. In some cases, the inflation rate was even higher, and in 1989 it reached a staggering 3,079%.

This was a very difficult time for Argentina, as it caused immense hardship for the population. People were struggling to afford basic goods and services, and the economy was in complete chaos. The currency became nearly worthless, and bartering and the black market became more common.

Zimbabwe

The average inflation rate in Zimbabwe from 1980 to 2021 was 686.4% per year. In other words, a US dollar in 2021 is worth only about $0.15 in 1980. The highest inflation rate was 24,411.03% in 2007 and five billion% in 2008.

Inflation has been a big problem in Zimbabwe for many years. It’s one of the reasons why the country is so poor. The government of Zimbabwe is using 22-carat gold coins as its new currency. This is an effort to help control inflation and make the country’s economy stronger. However, it’s only one part of the solution. The government also needs to get control of its spending, reduce corruption, and increase economic activity. Only then will Zimbabwe be able to get out of its current predicament.

Venezuela

In recent years, Venezuela has experienced high levels of inflation. The inflation rate was 130,060.20% in 2018 and 9,585.50% in 2019. This has caused great difficulties for the Venezuelan people, as prices have skyrocketed and the value of their currency has plummeted. The Venezuelan government has taken a number of measures to try to control inflation, but so far these have been unsuccessful.

The economic situation in Venezuela is further complicated by the fact that the country has large reserves of oil and other natural resources. However, due to mismanagement and corruption, the Venezuelan government has been unable to make effective use of these resources, and the country’s economy has stagnated.

The combination of high inflation, economic stagnation, and political instability has led to a humanitarian crisis in Venezuela. Millions of Venezuelans have fled the country, and those who remain face severe shortages of food and medicine.

Other Notable Examples

There are many other examples such as Germany in the 1920s, Hungary in the 1940s, Greece in the 1970s, and Yugoslavia in the 1990s.

With all of these examples of the high inflation, could we be led to a one-world digital currency?

 

According to the World Economic Forum (WEF), Central Bank Digital Currencies are here to stay.

Money isn’t just paper and coins anymore. The WEF has stated that Cash is essentially untraceable whereas, central bank digital currencies (CBDCs) are transparent. So, under the guise of giving access to 1.7 billion adults who don’t currently have bank accounts, we will all soon be given access, through public/private partnerships, to a new regulated/managed digital system. You will store your electronic tokens on mobile devices, prepaid cards, and other forms of digital wallets.

The central banks issuing and managing these digital currencies will continue to be the national financial authorities overseeing a country’s currency, supply of money, and monetary policy – like setting interest rates.

Public/Private Partnerships

While Central banks and governments have a key role to play for CBDCs, the private sector provides important services. Private companies issue these currencies as well as ensure consumer protection requirements like “anti-money laundering compliances”; they act in concert with one another through back-end technologies that make up what’s called the “global financial ecosystem.”

According to the WEF, the private sector is crucial for ensuring both domestic and cross-border interoperability of CBDCs.

Innovations in finance have been largely led by technological advancements, with banks playing an integral role to expedite the rate at which innovation occurs within this space through their expertise when formulating necessary standards or tech stacks that are required throughout each stage from design up until adoption becomes widespread enough where it can no longer be influenced easily by those who don’t want change happening.

The Digital Currency Governance Consortium (DCGC) has been formed to implement the entry of digital currencies into a global monetary system. This group is made up of central banks and other stakeholders that share interests in these emerging financial technologies, while preparing for their inevitable adoption by traditional finance actors alongside (or in place of) cryptocurrencies which are now growing rapidly across different markets worldwide.

The WEF along with regional public/private partners will continue their educational campaign on how the Central Bank Digital Currency (CBDC) could change the way we operate in daily life. The private sector will incentivize our industries by launching digital and financial literacy campaigns across various demographic groups before CBDCs are implemented – allowing for increased awareness and minimizing any risks or negative outcomes from this new global financial system.

Where We Are Today and Where Are We Going Tomorrow

Currently, more than 100 countries, including 19 G20 nations, are now exploring/adopting central bank digital currencies (CBDCs) – with 10 Countries fully implementing this system.

So, what’s the real reason behind all of this? It’s pretty clear – the powers that be, want to get rid of cash altogether so they can track our every move. This is just another step in their long-term plan to take over the world economy.

 

Revelations Mark of the beast

The direction of the WEF brings about concerns that the Central Bank Digital Currencies (CBDC) are the mark of the beast.

Central Bank Digital Currencies (CBDC) are a hot topic right now. Some people believe that they are the mark of the beast, while others believe that they are the future of money. So, what’s the truth? Let’s take a closer look.

What is a CBDC?

A CBDC is a digital currency issued by a central bank. It can be used by businesses and consumers to make electronic payments. CBDCs are similar to existing digital payment systems, such as PayPal and Venmo. However, CBDCs are backed by a central bank and can be used to make purchases from businesses that accept them.

The World Economic Forum (WED) is implementing CBDCs under the guise of making it an easier, safer, and faster way to send money around the world as well as reducing fraudulent activity.

The current push is for developing countries to adopt CBDCs and transform the lives of people who are “unbanked” or do not have access to traditional banking services. The WEF claims mobile banking will help boost the economy in developing countries by making it easier for people to access and use financial services. This will create new businesses and new jobs which will increase tax revenue that can be used to fund public services like education and healthcare.

What is the mark of the beast?

Revelations “16 It also forced all people, great and small, rich and poor, free and slave, to receive a mark on their right hands or on their foreheads, 17 so that they could not buy or sell unless they had the mark, which is the name of the beast or the number of its name. 18 This calls for wisdom. Let the person who has insight calculate the number of the beast, for it is the number of a man.[a] That number is 666.”

The mark of the beast will be a sign of the Antichrist’s power and authority. Those who worship the Antichrist will receive the mark and those who do not will be persecuted. The mark of the beast will be a test of loyalty and faithfulness. Those who receive the mark will be betraying God and will suffer eternal damnation.

So, what’s the connection between CBDCs and the mark of the beast?

Some people understand that CBDCs will be used to track people’s purchases and will eventually be used to control what and how much we can buy or sell. They believe that this is the mark of the beast and that it will be used to control and enslave humanity.

Others believe that CBDCs are the future of money and that they will eventually replace cash altogether. They believe that this is a good thing, as it will make transactions more efficient and reduce fraudulent activity.

So, what’s the truth?

The Holy Bible is clear that the mark of the beast will be a sign of the Antichrist’s power and authority. It will be a test of loyalty and faithfulness, and those who receive it will be betraying God. The WEF, on the other hand, is promoting CBDCs as a way to make payments more efficient and reduce fraudulent activity through the tracking of people’s purchases.

It’s up to you to decide who is more likely to be telling the truth. However, one thing is clear; CBDCs have the potential to be used for evil purposes. If you’re not careful, you could wind up receiving the mark of the beast without even realizing it.

To those that still wonder… So, what’s the problem?

The problem is that CBDCs are a tool that can be used to track and control people. They are a digital version of fiat currency, which is itself a tool of control. With CBDCs, the government would be able to track every purchase you make and know exactly what you are spending your money on. This is a huge invasion of privacy and a violation of our basic freedoms.

In addition, CBDCs would allow the government to negative interest rates. This means that if you have money in a CBDC account, the government can charge you a fee for holding that money. This would incentivize people to spend their money, rather than save it. This would be disastrous for the economy, as it would lead to inflation and a decrease in the purchasing power of people’s savings.

CBDCs could be used to directly control the economy. For example, the government could use CBDCs to stimulate the economy by giving people “helicopter money.” This is a direct transfer of money from the government to the people, which would increase spending and inflation. Helicopter money is a form of direct economic stimulus that is currently being considered by several central banks, including the European Central Bank.

Finally, they can also stop you from accessing your own money if they don’t like what you’re doing with it. For example, if you try to purchase something that the government doesn’t approve of, they could freeze your account and prevent you from accessing your money. Imagine if they don’t like your religion, political viewpoint, or lifestyle. They could simply deny you access to your own money. This is a very dangerous power for the government to have.

CBDCs are a tool of control that could be used to track and control people. They are a digital version of fiat currency, which is itself a tool of control. With CBDCs, the government would be able to track every purchase you make and know exactly what you are spending your money on. This is a huge invasion of privacy and a violation of our basic freedoms. We must be very careful with this technology and make sure that it is not abused. Otherwise, we could all wind up with the mark of the beast without even realizing it.

 

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