WATCH: The Antidote To CBDC Slavery: The Parallel Society

February 28, 2022 4:45 pm Comments

Maajid Nawaz recently went on an episode of Joe Rogan to sound the alarm on CBDC’s

The popular sociopolitical commentator’s stark warnings soon went viral and many people rightly expressed concern about the massive threat to liberty posed by the direct control central banks may soon wield over our spending habits.

According to Nawaz, CBDCs are programmable money—just like Ethereum, and can be used to surveil, curtail, and block any transactions that the state or an employer deem to be ‘inappropriate’.

We recently saw the Canadian regime take such a heavy handed approach to the trucking protestors fighting against the medical tyranny of both the state and large corporate concerns.

The United States Federal Reserve Bank even issued a white-paper detailing its plans for a Digital Dollar CBDC in the near future although these plans are not concrete as of yet, and Jamaica has reportedly made much headway in the use of a CBDC.

Here’s what Nawaz had to say:

National Review explains further:

CBDCs work by marrying the technology underlying Bitcoin with the monetary policies of traditional fiat currencies like the U.S. dollar or the renminbi. But unlike Bitcoin, whose transactions run on a decentralized network and are impossible to censor, CBDCs are wholly controlled and tracked by the government. Despite official denials, China’s digital yuan project — called e-CNY — will enable the government to achieve total financial surveillance of its population. Every time a Chinese citizen buys so much as a soft drink, the People’s Bank of China (PBOC) will know about it.

The antidote to this state sanctioned total control is the formation of ‘parallel structures’ as the philosophical YouTube channel Academy of Ideas explains.

Parallel structures can be anything which do not rely on the state and state sanctioned systems. Such systems instead run in parallel to these structures—circumventing them or outright ignoring them altogether.

Examples of this include anything from social organizations, local and independent economic systems, independent media channels, and the usage of private cryptocurrencies such as Bitcoin and NEAR:

Yahoo Finance further outlines plans for a U.S. CBDC:

“The introduction of a CBDC would represent a highly significant innovation in American money,” the Fed wrote in the paper.

The CBDC itself would be a liability of the Fed, not a commercial bank. Partnering with the private sector, the Fed would leverage banks’ existing privacy and identity-management frameworks and innovation and try to stave off any disruption to the U.S. financial system.

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