The banking crisis is beginning to look like the 'perfect excuse' to implement CBDCs.
The heightened fear of bank runs and the growing calls for more government controls to prevent more Silicon Valley Bank-style events has created space for governments to swoop in and present CBDCs as the solution.
Over 100 countries have CBDCs poised and ready to go, possibly waiting for a crisis such as this to come along tso they can serve them up as the solution. As the banking crisis appears to have started in the tech industry, that 'solution' is likely to come from their also.
Within days of Silicon Valley Bank's failure, it was described as the “first social-media fueled bank run in history” and fears about “social media disinfo” started to be stoked.
Government's are already attempting to Control the Narrative
The US government are already attempting to control the narrative about the banking crisis. Expect your social media posts to be shadow banned if you question it. United States (US) House Financial Services Chair Patrick McHenry described it as “the first Twitter fueled bank run.” During an emergency conference call with high-ranking federal government officials, Senator Mark Kelly asked if the officials were reaching out to tech platforms to monitor “misinformation” and “bad actors” and inquired about the possibility of censoring social media posts to avoid a bank run, they were less than transparent with their response. Expect this to be a given and that there is already a focus on manipulating the crisis for a favoured outcome.
Ramping up the Fear
Experts suggest Governments will seize upon fears of social media bank runs as they push new regulations and proposals in the wake of the SV Bank collapse. They say that 'nudge-units' are likely already manipulating media stories to ramp up fear. This was the same tactic used during the 'pandemic' where a mild flu-like virus was made to sound like a killer plague. Expect nudge-units to be writing stories about people losing their money because of 'outdated' financial systems at the same time as positive stories about CBDCs are circulated.
CBDCs will provide 'Safety'
Commentators say you should be on the lookout for suggestions from officials that CBDCs are “safe” and immune to social media bank runs. While such promises may soothe citizens' fear of bank runs, this fear will be replaced with something far worse for those that embrace CBDCs — programmable money that allows the government to dictate when, where, or if citizens can spend their money.
CBDCs will provide financial stability
As Silicon Valley Bank collapsed, the prospect of widespread financial contagion event loomed. Companies said they were left unable to pay staff, large online platforms delayed payments to sellers, and other companies revealed that they held significant portions of their cash at Silicon Valley Bank.
While the US government stepping in to guarantee Silicon Valley Bank customer deposits appears to have averted much of the wider financial collateral damage (although this won't be fully apparent until more time has passed), President Joe Biden has already vowed to “reduce the risks of this happening again.”
CBDCs Offer Better Customer Protection
Many governments have already cited making direct payments to citizens as one of the main use cases for a CBDC. If more banks fail, expect governments to start increasingly focusing on CBDCs as a solution for affected customers.
Other Cryptocurrencies are Being Targeted
The first two banks to go under, SVB and Signature Bank, just happened to be two of the world's biggest Cryptocurrency dealers, which many are saying cannot be a coincidence. This follows several governments instructing high street lenders to limit the amount of other cryptocurrency purchases.
The story is rapidly developing and, as it does, it is becoming clearer that this is not all that it first appears. Freedom campaigners are warning that this could very well be the start of the next phase of the Great Reset. As they have been right so far, perhaps we should be listening to them more closely.
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