See how the IMF uses DEI (Diversity Equity and Inclusion) to sell the CBDC to an unwitting public
As digital transformation sweeps across the financial landscape, central banks worldwide are exploring innovative solutions to foster "financial inclusion." Among these solutions, Central Bank Digital Currencies (CBDCs) have gained significant attention.
The International Monetary Fund (IMF) recognizes CBDCs as a potential game-changer in promoting "financial inclusion." In this article, we delve into the IMF's insights and present a comprehensive guide to understanding the role of CBDCs in allegedly advancing financial inclusion.
Section 1: What is CBDC?
Central Bank Digital Currency (CBDC) is a digital form of a nation's fiat currency, issued and regulated by the central bank. Unlike cryptocurrencies like Bitcoin, CBDCs are backed by the full faith and credit of the government, making them (allegedly) a secure and stable form of digital money.
Section 2: The Pathway to Financial Inclusion
See how the IMF seeks to sell the CBDC under the guise of enhancing financial inclusion. They note three key stages:
- Access to Digital Payments: The foundation of financial inclusion begins with access to digital payment methods, which are often more convenient and cost-effective than traditional banking.
- Usage of Financial Services: Beyond payments, financial inclusion entails the utilization of various financial services, such as savings, credit, and insurance.
- Full Participation in the Formal Economy: The ultimate goal is to enable individuals to actively participate in the formal economy, thereby improving their overall economic well-being.
Section 3: CBDC and Financial Inclusion
The IMF purports that CBDCs can play a pivotal role in advancing financial inclusion in several ways:
CBDCs facilitate seamless transactions and data sharing, potentially fostering innovation in areas lacking interoperability and common standards. This increased connectivity can lead to the creation of new financial products and services tailored to the needs of the financially excluded.
Tokenization of Financial Markets
CBDCs can serve as a foundation for the tokenization of financial markets. This has the potential to improve credit intermediation with tokenized bank deposits, making financial services more accessible to underserved populations.
To support CBDC adoption, complementary policies are essential. These include digital literacy programs (indoctrination of the naive), infrastructure development, increased access to mobile phones, and digital identification systems (Big Brother tech). These policies address the digital divide and promote CBDC accessibility.
Section 4: CBDC vs. Other Solutions
While CBDCs sell promise, they are not a one-size-fits-all solution. Other financial inclusion strategies, such as fast payment systems and e-money schemes, should be explored alongside CBDCs. CBDCs allegedly offer unique advantages, including safety, interoperability, and potential cost-effectiveness.
Section 5: Country-Specific Assessment
Implementing CBDCs for financial inclusion requires a country-specific approach. Central banks want to assess the suitability of CBDCs based on their unique financial landscape, regulatory environment, and technological readiness. Complementary policies, tailored to address specific barriers to inclusion, must also be considered.
In conclusion, CBDCs are being sold as "a powerful tool in promoting financial inclusion." However, their "success" depends on careful design, supportive policies, and a thorough understanding of a country's unique financial ecosystem. As central banks and governments explore the possibilities of CBDCs, they are advised to keep the IMF's insights and guidelines in mind to create "a more financially inclusive world."
Like all "great" communist plots, the impoverished, disabled, and marginalized populations are leveraged to thrust communist policies. Black pawns Ayanna Pressley and Maxine Waters will be used to promote the CBDC agenda. These two politicians have already voted against the CBDC Anti-Surveillance Act.
Stay tuned for more updates on CBDCs and their role in shaping the future of finance.
You have been warned!