How will the world finance the reconstruction of Ukraine, and even of the Russian Federation, post the current leadership? There is only one way now PUMP – personalized & unlimited monetary policy. Digital dollars are coming and it’s a monetary policy system and a social contract we’ve never seen before.
What a frightening essay. The Road To Serfdom awaits and that road will deliver us to a place that is a mixture of Orwell's 1984 and Huxley's Brave New World.
Trouble is I can see how it will come to pass. Government loves a crisis and the "sheep" will glamour for safety and problem solving from the government. That we are entering a new mega crisis is no longer in question. Debt is rapidly becoming unstable. The Welfare State is disintegrating. Governments can no longer spew their sovereign bonds out their to willing takers. ...and of course we are now at the event horizon for the 3rd world war. I read many years ago, cant remember exactly when or by whom, that the next financial and military global crisis would originate in Europe and here we are......
What I would like to do is relocate to a location that is at least 2 hours from even a town let alone a city. Some place where the people are much more self reliant than "city folks". A place were nature still exists and land is expansive and majestic, not too hot... not too cold. But I digress, reading this essay from Pippa Malmgren has entirely ruined my week.
To my mind, the real concern about CBDC is that uber-surveilance issue, whereby those at the helm will be the arbiters of what is "good" and "bad". People need to recognize that issue - sure, today, few may argue with the idea that buying pornography needs to be restricted. Or perhaps some will be relieved if firearms and ammo are next on the chopping block. Or cigarettes.
But how many will appreciate not being able to buy, say, hamburger patties ("sorry - you already purchased the 1 pound you are allowed this month")? Or whatever other goods or services our elitist masters deem inappropriate?
In his book "We Have Been Harmonized" author Kai Strittmatter mentions that the Chinese population (not the CCP leadership, mind you) are beginning to get angry at the controls being levied upon them. How long before CBDC enables the globalist powers (this means you, WEF) to take similar control over the people? ANd, how will the people respond here in the US, where guns have not (yet) been confiscated?
The emergence of "digital personas" is the solution here. You will own two phones, one will be piloted by an algorithm that will create your perfect citizen alter ego with some permisible flaws like an inclination for chocolate, soft porn and spicy Thai food. The other phone will contain your true self and payments will be made through a money VPN in a "data haven" juridiction, while surfing will be encrypted using military grade systems to be made available by white hat organizations.
I hated reading this - but I did with the sort of morbid fascination I usually reserve for motorway pile ups. I can‘t argue with your thesis that states want this to happen. I have to believe that we will find ways to undermine it with canny alternatives. I am redoubling my efforts to stockpile silver coins and preparing to ditch my smartphone.
The reason I both love and hate Pippa is she opens my eyes to potential futures but also depresses me regarding those same futures. Alas the governmental efforts at total control are nonstop on a worldwide basis and will require an extraordinary effort to overcome. The benefit is that there are billions of people who may rebel against this idea and that vastly outnumbers the elite
Individual freedoms will disappear with these CBDCs. If you liked (ordisliked) the Twitter/Facebook censors, you'll be in heavan or hell with the CBDC rationing system. Just who gets to make those decisions? Do they stand for election? And just how secret is your ballot? I can see the "efficiency" but the cost is too great.
Highly contentious article.....and yes, it has to be presented and debated, because the scenarios described are technically and politically plausible. My vote is not to accept the Trojan horse CDBC in the middle of the night......not to subsume into the new micro managed and surveilled society......best entrepreneurs should focus on developing end runs around this new world. ... I quote the last line of the article, since I think it’s KEY....”the citizen’s personal war with algorithms via CBDC is just starting”
Thanks Pippa for writing this, and you do leave some ( just a little !!) ambiguity as to where you personally stand on this topic.
Thankyou Pippa for a very depressing message. I am afraid you're right. Money was always supposed to be a means for private exchange of value between 2 parties. PUMP will obviate that function. It will make money meaningless. We will of necessity descend to a system of barter. Soviet style economic depression with rewards left only for the apparatchiks. I can't wait.
I wonder if Pippa has read or knows Nick Bostrom, Oxford "Future of Humanity Institute"? Of course, Nick Bostrom would NEVER have imagined a future where the Fed (in the US case) IS the entirety of government civil service administration. this is 1984 or aldous huxley realm stuff, mixed with Stephanie Kelton MMT land.
I think Pippa is a very happy person (https://qz.com/824736/faith-in-technology-and-progress-makes-you-happier-than-religion-and-belief-in-god/), because this analysis is very interesting, but unburdened by legislative precedent, and principles, morals, ethics,....(dont' laugh: what happened to the "democracy" conceptual-set-up where the fiscal side makes all the popular and political choices under accountability to the public, and monetary make the mass money choices?..)
Never mind Cambridge Analytica, Pippa's PUMP is Cambridge Analytica on DefCon 10. I say YUCK to electrons mediated via Zuckerberg's equalizer choosing my fate. The same Zuckerberg who probably only worships money. Very very bad ideas coming out here. Don't pretend to Klaus Schwab-ian benevolence while tightening power grips on humanity via tech.
My only comment is that I hope it’s on the blockchain. Why ? I’d like to think that they would fck it up. Recently the ASX abandoned its project to replace its existing legacy Chess system, that essentially manages and records the ownership of listed stocks in Australia. The project turned into a white elephant. So let’s hope the cbdc turns into an epic failure too.
Isn't this basically the great reset? Someone's techno Dream. I don't see how practical this is to be honest. I currently work in a company delivering central payments infrastructure for real time payments and cdbc isnt real yet nor is anyone thinking it is. Yes there's a tonne of experiments and vaporware but we have enough issues just deploying real time systems without overlaying cdbc too. If there is any chance it does get deployed Im willing to bet it ends up being a farce and they go to another system within a few years.
What a frightening essay. The Road To Serfdom awaits and that road will deliver us to a place that is a mixture of Orwell's 1984 and Huxley's Brave New World.
Trouble is I can see how it will come to pass. Government loves a crisis and the "sheep" will glamour for safety and problem solving from the government. That we are entering a new mega crisis is no longer in question. Debt is rapidly becoming unstable. The Welfare State is disintegrating. Governments can no longer spew their sovereign bonds out their to willing takers. ...and of course we are now at the event horizon for the 3rd world war. I read many years ago, cant remember exactly when or by whom, that the next financial and military global crisis would originate in Europe and here we are......
What I would like to do is relocate to a location that is at least 2 hours from even a town let alone a city. Some place where the people are much more self reliant than "city folks". A place were nature still exists and land is expansive and majestic, not too hot... not too cold. But I digress, reading this essay from Pippa Malmgren has entirely ruined my week.
To my mind, the real concern about CBDC is that uber-surveilance issue, whereby those at the helm will be the arbiters of what is "good" and "bad". People need to recognize that issue - sure, today, few may argue with the idea that buying pornography needs to be restricted. Or perhaps some will be relieved if firearms and ammo are next on the chopping block. Or cigarettes.
But how many will appreciate not being able to buy, say, hamburger patties ("sorry - you already purchased the 1 pound you are allowed this month")? Or whatever other goods or services our elitist masters deem inappropriate?
In his book "We Have Been Harmonized" author Kai Strittmatter mentions that the Chinese population (not the CCP leadership, mind you) are beginning to get angry at the controls being levied upon them. How long before CBDC enables the globalist powers (this means you, WEF) to take similar control over the people? ANd, how will the people respond here in the US, where guns have not (yet) been confiscated?
The emergence of "digital personas" is the solution here. You will own two phones, one will be piloted by an algorithm that will create your perfect citizen alter ego with some permisible flaws like an inclination for chocolate, soft porn and spicy Thai food. The other phone will contain your true self and payments will be made through a money VPN in a "data haven" juridiction, while surfing will be encrypted using military grade systems to be made available by white hat organizations.
BREAKING: Google partners with Coinbase to accept #cryptocurrency for cloud services. Why? Because they know that CBDC is coming and the US regulators will allow crypto as long as its declared and not anonymous. https://www.cnbc.com/2022/10/11/google-selects-coinbase-to-take-cloud-payments-with-cryptocurrencies.html
I hated reading this - but I did with the sort of morbid fascination I usually reserve for motorway pile ups. I can‘t argue with your thesis that states want this to happen. I have to believe that we will find ways to undermine it with canny alternatives. I am redoubling my efforts to stockpile silver coins and preparing to ditch my smartphone.
The reason I both love and hate Pippa is she opens my eyes to potential futures but also depresses me regarding those same futures. Alas the governmental efforts at total control are nonstop on a worldwide basis and will require an extraordinary effort to overcome. The benefit is that there are billions of people who may rebel against this idea and that vastly outnumbers the elite
Individual freedoms will disappear with these CBDCs. If you liked (ordisliked) the Twitter/Facebook censors, you'll be in heavan or hell with the CBDC rationing system. Just who gets to make those decisions? Do they stand for election? And just how secret is your ballot? I can see the "efficiency" but the cost is too great.
Seems like a lot of “ individual rights and freedoms” will be lost with the CBDC’s
Highly contentious article.....and yes, it has to be presented and debated, because the scenarios described are technically and politically plausible. My vote is not to accept the Trojan horse CDBC in the middle of the night......not to subsume into the new micro managed and surveilled society......best entrepreneurs should focus on developing end runs around this new world. ... I quote the last line of the article, since I think it’s KEY....”the citizen’s personal war with algorithms via CBDC is just starting”
Thanks Pippa for writing this, and you do leave some ( just a little !!) ambiguity as to where you personally stand on this topic.
Thankyou Pippa for a very depressing message. I am afraid you're right. Money was always supposed to be a means for private exchange of value between 2 parties. PUMP will obviate that function. It will make money meaningless. We will of necessity descend to a system of barter. Soviet style economic depression with rewards left only for the apparatchiks. I can't wait.
I wonder if Pippa has read or knows Nick Bostrom, Oxford "Future of Humanity Institute"? Of course, Nick Bostrom would NEVER have imagined a future where the Fed (in the US case) IS the entirety of government civil service administration. this is 1984 or aldous huxley realm stuff, mixed with Stephanie Kelton MMT land.
I think Pippa is a very happy person (https://qz.com/824736/faith-in-technology-and-progress-makes-you-happier-than-religion-and-belief-in-god/), because this analysis is very interesting, but unburdened by legislative precedent, and principles, morals, ethics,....(dont' laugh: what happened to the "democracy" conceptual-set-up where the fiscal side makes all the popular and political choices under accountability to the public, and monetary make the mass money choices?..)
Never mind Cambridge Analytica, Pippa's PUMP is Cambridge Analytica on DefCon 10. I say YUCK to electrons mediated via Zuckerberg's equalizer choosing my fate. The same Zuckerberg who probably only worships money. Very very bad ideas coming out here. Don't pretend to Klaus Schwab-ian benevolence while tightening power grips on humanity via tech.
I just read this a second time and am now more depressed than the first time I read it.
My only comment is that I hope it’s on the blockchain. Why ? I’d like to think that they would fck it up. Recently the ASX abandoned its project to replace its existing legacy Chess system, that essentially manages and records the ownership of listed stocks in Australia. The project turned into a white elephant. So let’s hope the cbdc turns into an epic failure too.
Isn't this basically the great reset? Someone's techno Dream. I don't see how practical this is to be honest. I currently work in a company delivering central payments infrastructure for real time payments and cdbc isnt real yet nor is anyone thinking it is. Yes there's a tonne of experiments and vaporware but we have enough issues just deploying real time systems without overlaying cdbc too. If there is any chance it does get deployed Im willing to bet it ends up being a farce and they go to another system within a few years.
Your story front- ran the recent PayPal Terms and Conditions changes.
They ALMOST got away with it.
I will fight against this type of future with everything i can.