CBDC Central Bank Digital Currency
Klaus Schwab pushes ‘fourth industrial revolution’ at WEF’s ‘Summer Davos’ opening
Chinese Premier Li Qiang (R) shakes hands with founder and executive chairman of the World Economic Forum, Klaus Schwab
From LifeSiteNews
At the WEF’s 2024 ‘Meeting of the New Champions’ in Dalian, China, Klaus Schwab praised China’s economic policies and urged ‘all stakeholders’ to ‘use technologies of the fourth industrial revolution in a wise manner.’
World Economic Forum (WEF) founder Klaus Schwab kicks off the Annual Meeting of the New Champions, aka “Summer Davos,” in Dalian, China, saying that economic growth and a more peaceful future will come from embracing innovation and forcing collaboration.
Speaking at the opening plenary alongside the president of Poland, Andrzej Duda, the prime minister of Vietnam, Pham Minh Chinh, and People’s Republic of China Premier Li Qiang, Schwab regurgitated parts of his speech from last year’s meeting, praising China for its economic policies while congratulating everyone participating in the event for representing “the most outstanding talents from business, government, academia, and civil society.”
In his very brief opening statement, the unelected globalist founder of the WEF said that the participants must “force collaboration” in order to drive economic growth and create a more resilient future.
“To drive future economic growth we must embrace innovation and force the collaboration across sectors, regions, nations, and cultures to create a more peaceful, inclusive, sustainable, and resilient future,” said Schwab.
“At this critical juncture the active participation of all stakeholders is essential to ensure a sustainable development path,” he added.
“To drive future economic growth we must embrace innovation and force the collaboration across sectors, regions, nations, and cultures to create a more peaceful, inclusive, sustainable, and resilient future” Klaus Schwab at the WEF #AMNC24 Summer Davos pic.twitter.com/puctx7Bg5m
— Tim Hinchliffe (@TimHinchliffe) June 25, 2024
Schwab also mentioned that technologies coming out of the so-called fourth industrial revolution would make the world a better place.
“We are witnessing rapid technological advances with many opportunities, and with artificial intelligence, rapidly transforming our production and our lives,” he said, adding, “Breakthroughs from the fourth industrial revolution provide new opportunities for global prosperity and growth.”
"Risks & opportunities co-exist.. Breakthroughs from the fourth industrial revolution provide new opportunities for global prosperity and growth" Klaus Schwab at the WEF #AMNC24 Summer Davos pic.twitter.com/jTcTMLaV9L
— Tim Hinchliffe (@TimHinchliffe) June 25, 2024
The WEF Annual Meeting of the New Champions runs from June 25-27 under the theme “Next Frontiers for Growth.”
At the end of the plenary and after the president, the premier, and the prime minister had all praised their countries’ achievements and ambitions, Schwab returned to the topic of the fourth industrial revolution while revisiting this year’s theme, saying that were “limits to growth.”
"The theme of this annual meeting is 'Next Frontiers For Growth,' but actually what we have seen in the presentations there are now Limits to Growth, provided we use technologies of the fourth industrial revolution in a wise manner" Klaus Schwab at the WEF #AMNC24 Summer Davos pic.twitter.com/SJDT5rLgIO
— Tim Hinchliffe (@TimHinchliffe) June 25, 2024
“Limits to growth” is a nod to the Club of Rome book of the same name published in 1972, and Schwab says that these limits can be overcome by using technologies of the fourth industrial revolution wisely, by taking care of nature, by seeing the green economy as a “great opportunity for humankind,” by exploiting the capabilities of the attendees, and by formulating collaborations between governments and businesses.
The WEF strives to be the “leading global institution for public-private collaboration,” which is the fusion of corporation and state, or corporatism.
Opening Plenary #AMNC24 with Li Qiang, @AndrzejDuda, Pham Minh Chinh (@VNGovtPortal), Klaus Schwab https://t.co/JCTBlo4V8C
— World Economic Forum (@wef) June 25, 2024
At the opening of last year’s Annual Meeting of the New Champions, Schwab praised Premier Li for “opening-up China’s capital market, attracting foreign investment, and innovation, and creating new urban areas to address land scarcity.”
He also thanked China for its “over 40 years of friendly and extensive partnership” with the WEF.
"Premier Li took his office this March at China's National People's Congress at a critical moment when China adopted new COVID control measures and started to boost economic development, social dynamism, and international cooperation": Klaus Schwab #AMNC23 #WEF pic.twitter.com/cWHGl5QNJs
— Tim Hinchliffe (@TimHinchliffe) June 27, 2023
During another session last year, Cornell University professor Eswar Prasad said that “we are at the cusp of physical currency essentially disappearing,” and that programmable Central Bank Digital Currencies (CBDCs) could take us to either a better or much darker place where governments could program CBDCs with expiry dates and to restrict undesirable purchases.
"You could have a potentially […] darker world where the government decides that [CBDC] can be used to purchase some things, but not other things that it deems less desirable like say ammunition, or drugs, or pornography, or something of the sort": Eswar Prasad, WEF #AMNC23 pic.twitter.com/KkWgaEWAR5
— Tim Hinchliffe (@TimHinchliffe) June 28, 2023
Last month the WEF announced that Schwab will be transitioning from his role as the executive chairman of the forum to become chairman of the board of trustees, which consists of some of the most powerful people on the planet.
Starting next year, the forum’s executive responsibilities will be run by a president and managing board.
The current WEF president is former Norwegian MP Børge Brende. He is also the chair of the managing board.
If Brende keeps his position as president, then he may be the new face and voice of the organization, which has been pivoting “from a convening platform to the leading global institution for public-private collaboration” for almost a decade.
However, executive decisions will not be placed on a single individual but will include a managing board as well.
Reprinted with permission from The Sociable.
CBDC Central Bank Digital Currency
Ursula von der Leyen Consolidates Power. What this teaches us about the push for single global government
Suppose you want to glimpse the political future that the globalist movement seeks to impose on the Western world. In that case, you should pay attention to current developments in the European Union, particularly the European Council- the appointed body that administratively manages the EU. Most think the European Union is an alliance between independent Westphalian nation-states that have banded together to form a trade partnership sharing a common currency. This certainly was the original justification (or marketing) for this political structure. But not the current reality.
The fact is that the organizational, administrative and political structure of the EU has evolved to yield a privileged political caste, based in Brussels, Belgium, which exerts unilateral political and financial authority over the formerly autonomous member nation-states. Of course, this process has developed under the careful guidance and watchful hidden influence of the United States and NATO.
As currently structured, Western Europe under the EU is more akin to the federal structure of the United States, but with a weaker central constitution and body of law (routinely disregarded) and less autonomy for each member state. Yes, there is the election of Members of Parliament of the European Union by the citizens of each state, but those MEPs have little of no actual power. Power is concentrated entirely in the European Council’s central authority and its President, Ursula Von der Leyen- all of whom are appointed rather than elected. And, as recently covered by both Politico and Unherd, although the center-right populist movements of Europe, including France, Italy, Germany and other countries have made great gains in the recent EU parliamentary elections, their growing power was not sufficient to disrupt the reappointment of Ursula Von der Leyen as President of the EU.
Unsurprisingly, upon reappointment, Von der Leyen swiftly moved to consolidate power by controlling the appointments to the European Council, which is the structure that actually makes EU policy and has the power to override any local decisions by the formerly sovereign legislatures of member states. To the surprise of virtually no one paying attention to what has been happening in the EU.
Key references for further reading include the following:
Politico: From queen to empress: Inside Ursula von der Leyen’s power grab
After unveiling her new team, the European Commission president holds more influence than ever.
BRUSSELS — When Ursula von der Leyen unveiled her team for the next European Commission, she simultaneously silenced the doubters about who was really in charge in Brussels.
As she revealed the 26 commissioners and their roles to the public, one point was immediately clear: she would have unfettered control over European Union politics. In a matter of minutes, she introduced a big title with little responsibility for one of the most powerful countries in the European Union, she propped up her buddies, and she diluted powerful portfolios by dividing them among multiple people.
The power grab was complete.
“She will be even more in control of everything,” said one EU official who, like others quoted in this piece, was granted anonymity to speak freely. “Who thought that was even possible?”
It was the culmination of months of public and private strategy to remove the dissenting voices of her first term as European Commission president. From the first team, none of the naysayers remain. Big personalities such as France’s Thierry Breton and the Netherlands’ Frans Timmermans are now gone.
During her first term — in which she faced a global pandemic and a war on the EU’s doorstep — she developed a reputation for making unilateral decisions, overstepping her job description, cutting other EU leaders out of the decision-making, and speaking only to a handful of advisers. As a result, she gained the nickname Queen Ursula in Brussels.
The morning of von der Leyen’s announcement of her second top team, she refused to tell the European Parliament, her partners in the process of approving commissioners, who she was assigning to which job. Instead, she left a meeting with the Parliament’s top leaders and went straight into a press conference in which she revealed all the details. She was later accused of “contempt” for the Parliament.
Hours before, she convinced the French she would give their commissioner nominee an exceptionally important job if they swapped out Breton. On Tuesday, as she revealed job descriptions, they realized they’d been bamboozled into a watered-down position.
“Anyone who thought that she could have changed her style, her will to keep tight control, was at the very least naive,” said an EU diplomat.
Unherd: Von der Leyen’s authoritarian plot
National democracies will be subordinate to her Commission
The European Union is about to enter what could prove to be the most ominous phase in its troubled history. In a few weeks, Ursula von der Leyen’s new European Commission will officially take office, at which point she will have almost unfettered control over the bloc’s politics.
When von der Leyen introduced the new Commission’s lineup and organizational structure last month, even the typically Brussels-friendly mainstream media was forced to admit that what she had pulled off was nothing short of a coup. By placing loyalists in strategic roles, marginalizing her critics, and establishing a complicated web of dependencies and overlapping duties that prevent any individual from gaining excessive influence, the Commission President has set the stage for an unprecedented supranational “power grab” that will further centralize authority in Brussels — specifically in the hands of von der Leyen herself.
She is busy transforming the Commission “from a collegial body into a presidential office”, noted Alberto Alemanno, EU law professor at HEC Paris. But this is the culmination of a longstanding process. The Commission has been stealthily expanding its powers for a long time, evolving from technical body into full-blooded political actor, resulting in a major transfer of sovereignty from the national to the supranational level at the expense of democratic control and accountability. But this “Commissionisation” is now being taken to a whole new level.
Consider the bloc’s foreign policy, and its defence and security policy in particular. It has gone relatively unnoticed that von der Leyen has used the Ukraine crisis to push for an expansion of the Commission’s top-down executive powers, leading to a de facto supranationalization of the EU’s foreign policy (despite the fact that the Commission has no formal competence over such matters), while ensuring the bloc’s alignment with (or, rather, subordination to) the US-Nato strategy.
“The Commission is evolving from technical body into full-blooded political actor.”
A signal aspect of this move has been the appointment to key defence and foreign policy roles of representatives from the Baltic States (total population: a bit more than 6 million), which have now been bumped up the political food chain because they share von der Leyen’s über-hawkish stance toward Russia. One particularly important figure is Andrius Kubilius, former Prime Minister of Lithuania, who, if confirmed, will take on the role of the EU’s first Commissioner for Defence. Kubilius, known for his close ties to US-funded NGOs and think tanks, will be responsible for the European defence industry and is expected to push for greater integration of military-industrial production. Furthermore, Kubilius served on the advisory board of the International Republican Institute and is a former member of the Atlantic Council’s EuroGrowth Initiative — two Atlanticist organizations whose primary objective is to promote US corporate and geopolitical interests around the world.
For those Western nation citizens left pondering why they should care about the political machinations of Angela Merkle’s protege Ursula Von der Leyen, they should consider the broader context. The structure of the EU is basically a test bed for ‘New World Order” political structure being incrementally advanced for the (literally) unholy alliance of the Socialist United Nations with the Corporatist World Economic Forum, both of which are allied as the proudly self-proclaimed new global government structure.
Quoting from our book “PsyWar Enforcing the New World Order”:
By globally synchronizing the public health response across the United Nations member states, new powers were granted to the UN and its organizations at the cost of national sovereignty. These universally applied regulations and multilateral agreements have given birth to an enlarged, globalized administrative state. Although this power grab has percolated for many decades, the COVID crisis acted as an accelerant to synergize international agreements that advance the UN as a world government.
The United Nations has morphed into a leviathan. Its various agreements and goals seek to centrally dictate the world’s economy, migration, “reproductive health,” monetary systems, digital IDs, environment, agriculture, wages, climate modifications, one world health, and other related globalist programs. To be clear, these are the goals of an organization seeking a globalized command economy, not an organization focused on world peace, ending wars or human rights!
This UN aims to regulate every dimension of our personal and national lives. It is working to reduce and eliminate national sovereignty across the world, and thereby to decrease our diversity, our traditions, our religions and our national identities.
The UN has partnerships and strategic agreements with member nations, as well as other globalist organizations such as the Bill & Melinda Gates Foundation, the World Bank, CEPI, The World Trade Organization, The European Union and the World Economic Forum, known as the WEF.
An Example of How the United Nations Operates
The WEF and the UN signed a strategic agreement and partnership in 2019. Remember that the WEF has a commitment to “stakeholder capitalism,” by which private-partnerships work to control governments. The WEF developed a plan in 2020 to use the COVID-crisis to reorganize global governance around social issues, including climate change—this plan was called the Great Reset.
The WEF is a trade organization representing the world’s largest corporations. It repeatedly exploits disruptive technologies to enhance economic growth opportunities for its corporate members. The WEF is specifically designed to advance the economic power of its global elite members, otherwise known as the “billionaire class.”
As the WEF feeds money into the United Nations through their 2019 strategic agreement, who is managing the conflicts of interests that come with this partnership? Where is the transparency?
The UN has fourteen specialized organizations under its leadership, all involved in global governance, including the World Health Organization or WHO.
None of these organizations is related to the scope of the original UN charter, which was focused on ending wars, promoting world peace, and protecting human rights. The UN had been quietly building power for years prior to the pandemic through various agreements and treaties.
For instance, the “2030 Agenda for Sustainable Development” is a recent example of such an agreement.
Agenda 2030 has seventeen goals and 169 targets, which vary widely in scope and topic, but almost all of these goals directly affect world governance. Here are just a few examples from the Agenda 2030 treaty. Is this what the United Nations should be concerned with, or are these issues more properly addressed by the policies of sovereign nations?
‘We are determined to protect the planet from degradation, including through sustainable consumption and production, sustainably managing its natural resources and taking urgent action on climate change.
Achieve full and productive employment and decent work for all women and men.
Eliminate discriminatory laws, policies and practices.
Adopt policies, especially fiscal, wage and social protection policies, and progressively achieve greater equality.
Facilitate orderly, safe, regular and responsible migration and mobility of people.
By 2030, provide legal identity for all, including birth registration.
This is an Agenda of unprecedented scope and significance. It is accepted by all countries and is applicable to all . . .”
Agenda 2030 is essentially a totalitarian socialist manifesto. This United Nations Treaty contains many more forceful statements regarding the reduction of national rights. The UN has signed strategic agreements with the largest organizations, corporations, and world powers to fulfill its utopian vision for the world.
This is a new world order—with unelected officials in control. That means that we all will be ruled by a nondemocratic UN administrative bureaucracy. This is a form of inverse totalitarianism. A world order based on a command economy; one that is at its core both socialist and totalitarian.
Now, these goals and targets may be fine for any single nation to undertake but this is a restructuring of the United Nations beyond its charter.
Early in the pandemic, the UN—through its surrogate the WHO, declared that a global vaccine passport was needed, and provided extensive guidance to member nations to standardize vaccine passports worldwide. In response, the leaders of the G20 issued a declaration in 2022 supporting development of a global standard of vaccination for international travel and the establishment of “global digital health networks” to be built on existing digital COVID-19 vaccine passports.
In June 2023, a new initiative between the EU and the WHO for strategic cooperation on global health issues was announced. This agreement seeks to “bolster a robust multilateral system with the World Health Organization at its core, powered by a strong European Union.”
The pandemic has allowed world leaders to coalesce global administrative power under the guise of public health through the administrative bureaucracy of the UN. Public health has been weaponized to gain control of passports, travel, banking, the environment and the international economy. This is a gross violation of the individual’s right to privacy, national sovereignty and the UN charter.
It is just a matter of time before these vaccine passports will be coupled with central bank digital currencies. Then, the passports can be used to deny the unvaccinated or other political dissenters access to travel and use of their own money.
Once international passports, central bank digital currencies, command economy aspects of the UN’s Agenda 2030, and the WHO amendments to the IHRs are implemented, the groundwork for a new world order will be complete. A global administrative state, whose core power resides with the UN. The US deep state views its relationship with the UN as one where it has kept some degree of organizational control. This new world order will become a spiderweb of rules, regulations, agreements, and treaties within which individuals and nations will be trapped like flies. This new global governance will be virtually unbreakable. From there, it is only a matter of time before national sovereignty becomes obsolete. This is a reality unless we fight to stop this madness.
For this reason, the power of the United Nations must be exposed and curtailed. Globalists seeking to advance their agendas are using the model of the European Union, whereby rules and regulations stymie national sovereignty, to build a worldwide system of control. All must fight this takeover at the local, national, and international level. We must use the courts, our legislatures, media, public protests, and the power vested in our national and state sovereignty to fight this. If all else fails, individual nations may need to withdraw from the UN’s New World Order in order to remain free.
“True Believers” like Corporatist EU President Ursula Von der Leyen or Socialist UN Secretary-General António Guterres always resort to heavy-handed totalitarian responses when threatened by alternative opinions or political movements. What can be observed with Von der Leyen’s response to the populist center-right political surge in Europe is precisely what will happen as the Socialist/Globalist agenda of the UN and its leader António Guterres is threatened by populist movements in the United States, Argentina, and across the world.
Let’s work together to keep our personal and national sovereignty safe for future generations. A New World Order is not needed, is not acceptable, and we the people and our sovereign governments should unequivocally reject this globalized takeover.
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Business
Bank of Canada scraps plan to create a ‘digital dollar’
Bank of Canada Governor Tiff Macklem
From LifeSiteNews
The central bank said it will instead look at evolving the “payment” processes in Canada.
Plans by the Bank of Canada (BOC) to implement a digital “dollar,” also known as a central bank digital currency (CBDC), have been shelved.
Officials from Canada’s central bank said that a digital currency, or electronic “loonie,” will no longer be considered after years of investigating bringing one to market.
“The Bank has undertaken significant research towards understanding the implications of a retail central bank digital currency, including exploring the implications of a digital dollar on the economy and financial system, and the technological approaches to providing a digital form of public money that is secure and accessible,” the bank said, according to the Canadian Broadcasting Corporation.
Instead of using resources to create a digital dollar, the central bank said it will instead look at evolving the “payment” processes in Canada.
Most Canadians do not want a digital dollar, as previously reported by LifeSiteNews. A public survey launched by the BOC to gauge Canadians’ taste for a digital dollar revealed that an overwhelming majority of citizens want to “leave cash alone” and not proceed with a digital iteration of the national currency.
The BOC last August admitted that the creation of a CBDC is not even necessary, as many people rely on cash to pay for things. The bank concluded that the introduction of a digital currency would only be feasible if consumers demanded its release.
The reversal comes after the BOC had already forged ahead and filed a trademark for a digital currency, LifeSiteNews previously reported.
In August, LifeSiteNews also reported that the Conservative Party is looking to gather support for a bill that would outright ban the federal government from ever creating a CBDC, and make it so that cash is kept as the preferred means of settling debts.
Conservative leader Pierre Poilievre promised that if he is elected prime minister he would stop any implementation of a “digital currency” or a compulsory “digital ID” system.
Prominent opponents of CBDCs have been strongly advocating that citizens use cash whenever possible and boycott businesses that do not accept cash payments as a means of slowing down the imposition of CBDCs.
Digital currencies have been touted as the future by some government officials, but, as LifeSiteNews has reported before, many experts warn that such technology would ultimately restrict freedom and be used as a “control tool” against citizens similar to China’s pervasive social credit system.
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