“What PEOPLE can and cannot BUY”
… On Friday 14th October, the IMF streamed a meeting called “Central Bank Digital Currencies for Financial Inclusion: Risks and Rewards.”
… “would allow targeted policy functions, like welfare payments, consumption coupons, food stamps, etc.”
… “With CBDCs, we can precisely control what people can and can’t own”
… “what kind of use this money can be programmed for, like food only.”
… “Digital identity verification is essential to the operation of CBDCs”
… “Tradable digital assets must be tied to a digital identity system”
… “which in turn should be tied to an automatic … verification system.”
… “example in China, those transaction data can be utilised by service providers in credit underwriting.”
… “transaction data in terms of how many coffees I drink every day, where I buy coffee, do I use UBER every day and what kind of working hours I have.”
… “Those non-traditional data can be very useful for financial service providers to give me a credit score”
… “worth to give up a little bit of privacy to get security”
… They’re not joking! The parameters they set for CBDC digital currency will nudge our behaviours through social scoring, to control society
CBDC – The World Bank
