UK Government Accelerates CBDC Exploration
Discussion
As it look like the government are clearly exploring a CBDC and want It speed up. Yet lots of people said this was tin foil hat territory.
Looks like it is Hunt who wants to speed up the consultation. Make of that what you will.
Luckily there does appear to be some push back on a CBDC.
Article can be read here: https://www.pymnts.com/news/2022/uk-government-acc...
The European one appears quite sinister that only a degree of anonymity for low risk payments. I believe it was quoted as up to 50 euros
.
Looks like it is Hunt who wants to speed up the consultation. Make of that what you will.
Luckily there does appear to be some push back on a CBDC.
Article can be read here: https://www.pymnts.com/news/2022/uk-government-acc...
The European one appears quite sinister that only a degree of anonymity for low risk payments. I believe it was quoted as up to 50 euros
.
J210 said:
As it look like the government are clearly exploring a CBDC and want It speed up. Yet lots of people said this was tin foil hat territory.
.
I don’t think anyone said it was tin foil hat territory. Lots of people asking why on earth anyone thinks it is needed, but no one saying it was a conspiracy. It was well documented that Sunak was enthusiastic. That and Hunt’s enthusiasm should make anyone suspicious of its value..
Ian Geary said:
Central Bank digital currency, for anyone where this isn't their thing.
It's not my thing - I have no idea what the implications are: whether this might be good, bad, indifferent or blue with orange spots.
So I will wait and see if it ever has any relevance to my life.
You can be sure of one thing. They are not proposing (read implementing it) because it will benefit you. In which case, who will it benefit?It's not my thing - I have no idea what the implications are: whether this might be good, bad, indifferent or blue with orange spots.
So I will wait and see if it ever has any relevance to my life.
dangerousB said:
Ian Geary said:
So I will wait and see if it ever has any relevance to my life.
It'll probably be too late for you to do anything about it by then.Sorry to be the bearer of bad news, but if you have any "get up and go" I'd suggest you use it now, rather than wait.
It would be the single most corrosive thing a government could do to its population's freedom. So they'll do it.
Every nip at liberty before it will look like nothing compared to the amount of control it would hand over.
Interbank payments is one thing. Rolling it out to everyone is quite another. I hope it never happens but it'll be too hard to resist.
Every nip at liberty before it will look like nothing compared to the amount of control it would hand over.
Interbank payments is one thing. Rolling it out to everyone is quite another. I hope it never happens but it'll be too hard to resist.
bloomen said:
It would be the single most corrosive thing a government could do to its population. So they'll do it.
Every nip at liberty before it will look like nothing compared to the amount of control it would hand over.
Yep. And they need to do it in 2 years before they get kicked out.Every nip at liberty before it will look like nothing compared to the amount of control it would hand over.
Electro1980 said:
J210 said:
As it look like the government are clearly exploring a CBDC and want It speed up. Yet lots of people said this was tin foil hat territory.
.
I don’t think anyone said it was tin foil hat territory. Lots of people asking why on earth anyone thinks it is needed, but no one saying it was a conspiracy. It was well documented that Sunak was enthusiastic. That and Hunt’s enthusiasm should make anyone suspicious of its value..
Just another way to control the plebs.
As a prime example, look at Canada last year. Anyone involved in the Truckers Convoys had their bank accounts frozen merely for protesting against Government policy. Whether you agree with the truckers cause or not, they had every right to peacefully protest.
Introduce digital currency and if the Government doesn’t like you, then they can ask the banks to turn off the taps, (and the banks will).
There’s really no other reason for it. With just the smallest amount of digging, the authorities can find out what you spend, where and when via banking records, direct debits, Necter / Advantage / Clubcard points, CCTV, cell-site analysis etc, etc.
Will Labour enthusiastically oppose this? I suspect the majority of them will not. Which then just further highlights that it doesn’t matter who we vote for, the Government, unfortunately, will always get in.
J210 said:
As it look like the government are clearly exploring a CBDC and want It speed up. Yet lots of people said this was tin foil hat territory.
Looks like it is Hunt who wants to speed up the consultation. Make of that what you will.
.
I think we all know who Hunt serves and it isn't the British people. Just another continuation of Hunt and Sunak clearing the way for Labour by putting in place the measures the establishment want now so Labour don't have to bear any loss of popularity by bringing them in themselves in two years time. Looks like it is Hunt who wants to speed up the consultation. Make of that what you will.
.
Most of the ordinary public look at something like China's social credit system with horror. Most of our political class wonder how they can get away with something similar here.
greygoose said:
Yeah you should get in on this digital currency that isn’t launched yet, how does he do that?
Ehm, he's suggesting that we all should be absolutely condemning the introduction of CBDCs and that if he wants to have any impact on the decision that he should be putting that forward now, rather than waiting until later. When it's too late. JagLover said:
I think we all know who Hunt serves and it isn't the British people. Just another continuation of Hunt and Sunak clearing the way for Labour by putting in place the measures the establishment want now so Labour don't have to bear any loss of popularity by bringing them in themselves in two years time.
Most of the ordinary public look at something like China's social credit system with horror. Most of our political class wonder how they can get away with something similar here.
Well - that's because he serves the people of South West Surrey - we don't have a system where all of the UK vote for politicians on lists like some countries. And of course he is establishment - he's a Tory MP, son of an admiral in the Navy. You expect him to be an anarchist? Most of the ordinary public look at something like China's social credit system with horror. Most of our political class wonder how they can get away with something similar here.
105.4 said:
Electro1980 said:
J210 said:
As it look like the government are clearly exploring a CBDC and want It speed up. Yet lots of people said this was tin foil hat territory.
.
I don’t think anyone said it was tin foil hat territory. Lots of people asking why on earth anyone thinks it is needed, but no one saying it was a conspiracy. It was well documented that Sunak was enthusiastic. That and Hunt’s enthusiasm should make anyone suspicious of its value..
Just another way to control the plebs.
As a prime example, look at Canada last year. Anyone involved in the Truckers Convoys had their bank accounts frozen merely for protesting against Government policy. Whether you agree with the truckers cause or not, they had every right to peacefully protest.
Introduce digital currency and if the Government doesn’t like you, then they can ask the banks to turn off the taps, (and the banks will).
There’s really no other reason for it. With just the smallest amount of digging, the authorities can find out what you spend, where and when via banking records, direct debits, Necter / Advantage / Clubcard points, CCTV, cell-site analysis etc, etc.
Will Labour enthusiastically oppose this? I suspect the majority of them will not. Which then just further highlights that it doesn’t matter who we vote for, the Government, unfortunately, will always get in.
Electro1980 said:
That’s no different to current banking.
It's a few steps on from current banking. One of the facets of CBDC is that it's programmable. It can carry a whitelist or blacklist of things it can be spent on. If I was the government I'd be slinging some free CBDC's, programmed to spend on certain things, as everyone likes free stuff. Pay for that with QE now and tweak taxes upward to take over funding the adoption and eventual running of it. Keep on tweaking taxes up slightly, returning it via "free money". Take your "wild" money and give it back to you nicely programmed so you spend it on the things the government wants you to spend it on.How about people who live in isolated places? Dribble the money back as wild money. Comms technology will get there eventually. People won't miss cash - going by the other thread it seems people have greatly embraced electronic commerce and they'll apply social pressure to others.
Getragdogleg said:
Coupled with E-ID cards and we'll all be in an open prison in no time.
For those unsure about the CBDC and E-ID this is a good starting point to get informed; with all related legislation and source data provided as verification:https://m.youtube.com/watch?v=uwRSzNTp2ko
What is behind all this is that these aren't "liberals". Most in authority might declare how "liberal" they are and it might even be a term of abuse some right wingers direct at those on the left, as in "damn liberals" etc, but increasing State corporatist control backed up by the power of big tech isn't liberal. In terms of past ideological movements it most resembles Fascism.
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