Godlike Productions - Reply to Thread

Users Online Now: 1,822 (Who's On?)	Visitors Today: 780,286
Pageviews Today: 1,605,252	Threads Today: 652	Posts Today: 13,293
08:17 PM

REPLY TO THREAD

Subject Great Reset: UK Prepares to Introduce a ‘Digital Pound’ Central Bank Digital Currency, Chancellor of the Exchequer Jeremy Hunt,

User Name

Font color: Font:

In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.

[quote:Coastie Patriot:MV81MzA3NzkyXzVBODkxMg==]
[b][i]The de facto head of His Majesty’s Treasury announced this week that the Bank of England has begun consultations on implementing a Central Bank Digital Currency (CBDC) that could usher in the globalist vision of a cashless society in which all transactions are traceable by the government.
[/i][/b]
[b]Chancellor of the Exchequer Jeremy Hunt revealed that, as a part of his ‘Edinburgh Reforms’ of Britain’s financial services, the Bank of England will begin consultations on the design of a Central Bank Digital Currency (CBDC) which would act as a digital version of the pound sterling.[/b]

[b][i][u]Hunt, an anti-Brexit, pro-China figure resurrected from the David Cameron era[/u], said in a written statement to Parliament that the government will begin “bringing forward a consultation in the coming weeks to explore the case for a central bank digital currency – a sovereign digital pound – and consult on a potential design.”[/i][/b]

[b][u]“The Bank of England will also release a Technology Working Paper setting out cutting-edge technology considerations informing the potential build of a digital pound,” he added.[/u][/b]

In contrast to Bitcoin, which functions on a decentralised basis in which no single person can control its functions, ownership, or value, a CBDC would be similar to traditional fiat currency issued by a central bank, such as the Bank of England, and therefore could suffer from the same inflation issues if the central bank decided to issue more of it — like printing cash

https://www.breitbart.com/europe/2022/12/11/uk-prepares-to-introduce-a-digital-pound-central-bank-digital-currency/

https://www.godlikeproductions.com/forum1/message5306753/pg1
[/quote]

Original Message The de facto head of His Majesty’s Treasury announced this week that the Bank of England has begun consultations on implementing a Central Bank Digital Currency (CBDC) that could usher in the globalist vision of a cashless society in which all transactions are traceable by the government.

Chancellor of the Exchequer Jeremy Hunt revealed that, as a part of his ‘Edinburgh Reforms’ of Britain’s financial services, the Bank of England will begin consultations on the design of a Central Bank Digital Currency (CBDC) which would act as a digital version of the pound sterling.

Hunt, an anti-Brexit, pro-China figure resurrected from the David Cameron era, said in a written statement to Parliament that the government will begin “bringing forward a consultation in the coming weeks to explore the case for a central bank digital currency – a sovereign digital pound – and consult on a potential design.”

“The Bank of England will also release a Technology Working Paper setting out cutting-edge technology considerations informing the potential build of a digital pound,” he added.

In contrast to Bitcoin, which functions on a decentralised basis in which no single person can control its functions, ownership, or value, a CBDC would be similar to traditional fiat currency issued by a central bank, such as the Bank of England, and therefore could suffer from the same inflation issues if the central bank decided to issue more of it — like printing cash

[link to www.breitbart.com (secure)]

[link to www.breitbart.com (secure)]

Thread: This isn’t good, European Union to Ban Cash Transactions over €10,000

Pictures (click to insert)





\| Next Page >>