CBDCs Your New Money
CBDCs Your New Money
CBDCs are
coming to your Bank account in full force ; in full speed.
WHAT ARE CBDCs???
CBDC Central
Bank Digital Currency(ies) are blockchain derived currencies that are backed by
the Fiat currency of the country or Government which are controlled by the
Central Banks…
Reserve Bank mulls creation of
'digital rand'
https://www.news24.com/fin24/economy/reserve-bank-mulls-creation-of-digital-rand-20210525
South Africa
testing ‘digital rand’
https://businesstech.co.za/news/banking/606094/south-africa-testing-digital-rand/
Reserve Bank testing
‘digital rand’ in South Africa
https://businesstech.co.za/news/government/657487/reserve-bank-testing-digital-rand-in-south-africa/
Standard Bank CEO likes central bank digital currencies – but
not crypto
https://dailyinvestor.com/technology/11729/standard-bank-ceo-likes-central-bank-digital-currencies-but-not-crypto/
What Are The Risk Of CBDC?
Over Control
of individual spending ( No more cash
privacy exchange economy)
Cut out need
for Retail banking industry( they will
create Social Grant depended economy – the International social wage program???).
CBDC will
create big Bubbles when Central Bankers try to fight Inflation. Central bankers
will give time by which money(CBDC) should be spent in to encourage spending.
If that time laps, the Central Bankers can either heavily tax individual
wallets or bail in taking all the money in the wallet…
Load Shading
: the transfers of CBDCs will stop and Cash
business will be negatively affected… unless offline transaction for
small payments are implemented.
Social Score
– population control…
2012–2013 Cypriot financial crisis
https://en.wikipedia.org/wiki/2012%E2%80%932013_Cypriot_financial_crisis
European Court dismisses compensation claim in Cyprus 2013
deposit-grab
https://www.reuters.com/article/us-cyprus-banks-idUSKBN1K3242
Financial System Is Done, Nothing Left:
Fed Will Now Fast-Track CBDCs Warns Lynette Zang
“It’s a Tragedy for Privacy and Humans:”
Expert Warns of 'Unicoin' CBDC Unveiled at IMF Meeting
Fed's 'Digital Dollar' Idea Has
Frightening Implications For Privacy And Freedom | What's Ahead
History Of CBDCs
Small Countries
were the first to use CBDCs???, islands and then China..
Ecuador was the first country to use CBDC
and followed by Bahamas (Sand Dollar)???
Some
Countries adopted Bitcoin as Legal Tender first and then create CBDCs later…
El
Savado is first to adopt Bitcoin as
Legal Tender(money for paying municipality Bills, groceries and buy goods and
services...).
History of CBDCs by country
https://en.wikipedia.org/wiki/History_of_CBDCs_by_country
Central
Bank Digital Currencies: Which countries are using, launching or piloting
CBDCs?
Central
Bank Digital Currency - CBDC is coming. Lagarde supports acceleration of
Digital Euro Work
Recession and CBDCs Go Together
Recession
will bring the current Financial system, then CBDCs will come in as a way to
save everyone. But it(CBDCs) way of
controlling and Tracking everyone but the elites… (they find a way around
controls: GOLD or BITCOIN or Both)
CBDCs will
be a way of tracking who is financing Terrorist, BUT! It will also be a way of tracing
who is who is donating money to Human Right organization, Environmental
organization and remote Tribes that don’t want their land Drilled or mined by a
Corporation. If they(government) don’t like that Human’s Right organization or
NGO, everyone who donated to that
organization will get a low Social Credit Score…
China’s
Social Credit Score doesn’t only affect the individual with a low score but
everyone around that individual. E.g. a Student can be blocked from accessing
collage classes because their father has a low low Social Credit Score.
CONGRESS MEMBERS WHO OWN BITCOIN???
Members of Congress Who Have Traded Crypto Since 2020
Crypto in Congress: 5 Members Have Invested and So Have Many Staffers
https://decrypt.co/88354/who-in-congress-owns-crypto
LIST OF
COMPANIES THAT INVESTED IN BITCOIN – INTERNATIONAL: US , Brazil , Colombia??? East
Asia??? Articles
Bitcoin Treasuries
https://buybitcoinworldwide.com/treasuries/
What Big Companies Are
Investing In Cryptocurrency?
https://originstamp.com/blog/what-big-companies-are-investing-in-cryptocurrency/
BRICS Nations CBDCs
China have
tested their CBDC- Digital Yuen.
South Africa
is Testing the Digital Rand (CBDC)
Russia has
been fast tracking the development of their CBDC – Digital Ruble. Since it has
been hit by sanctions because of the war in Ukraine.
INDIA is
Developing CBDC (digital rupee)
BRAZIL plans
to launch CBDC IN 2024
BRICS is
said to be introducing a currency that will be backed by Gold.
Davos-launched
blockchain project aims to be the ‘SWIFT’ of stablecoins and CBDCs
Dgital Euro
https://www.managementsolutions.com/sites/default/files/publicaciones/eng/202101-rd-digital-euro.pdf
US CBDC : Fed Coin
Crypto Portfolio In a World Of CBDCs
Having a Crypto
Portfolio as part of your investments(Strategy) can be a good idea for
Investors. Well known Billionaire investors like Paul Tudo Jones are allocating
5% - 10% to crypto as part of their investment portfolios.
Some of the
CBDC proposals will not go down well with most people. i.e. the EU CBDC
proposal is not going to be like or used
like the current Euro… until they make some improvements.
The Financial System Cannot Go On, We’re At End of the Fiat Experiment Warns David Morgan
Paul Tudor Jones Could Go 'All In' on
Inflation Trades, Wants 5% Bitcoin Allocation https://www.coindesk.com/markets/2021/06/14/paul-tudor-jones-could-go-all-in-on-inflation-trades-wants-5-bitcoin-allocation/
US CBDC
USDC –
Stablecoin has been thought to be the best already existing US Dollar
equivalent Stablecoin that can be used as a US CBDC, But it was developed by
Circle and Coinbase( private & public companies) not the government,
so they won’t use it in its current form. But the US Government is
creating its own CBDC that might be based on the USDC stablecoin. And the US
government will add the control and tracking part…
How
To Make Money With Stablecoins?
Earn up to 10%
or more on Stablecoins at Binance
Earn interest on $10000 to realize gains
Buy USDC at
Luno…
Stablecoins vs CBDCs
To prepare
for CBDCs you can start using Stablecoins…
|
STABLECOINs |
CBDCs |
|
Stablecoins = country’s fiat currency |
CBDCs = country’s fiat currency |
|
Developed by Private/ public companies |
CBDCs are Developed by Government |
|
Earn high Interest |
Earn low Interest |
|
|
|
Stablecoin =
Fiat
USDC =
Dollar
USDT =
Dollar
EURT = Euro
TGBP = Pound
1. What is bitcoin?
2. How to buy Bitcoin?
3. What are Cryptocurrencies?
4. Crypto.com MCO Coin Value : updated to CRO
5. Celsius Network Crypto Interest
8. Investment Funds are Buying Bitcoin and Ethereum For The Rich
Post by : Mbuso Ngwenya
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