All “developed economies” are now deep in debt. The banking failures of 2008-10 were covered over by the excess printing of paper currency coupled with a Zero Interest Rate Policy (ZIRP).

This flow of “Free Money” invited rampant Asset Inflation, market distortions, and easy profits for those who could borrow to invest. Life and commerce during those years since 2010-12 were sustained by the availability of fantasy money that quickly deluded both the public and all WTO signatory participants. Other distractions (e.g., a WHO controlled global pandemic; quickly followed by a foolish war in the Ukraine) have simply sustained the earlier ruse.

Military conflicts offer a reliable way of creating artificial financial churn sufficient to offset trade flows that have already withered or died; hence the Ukraine crisis.

The success of Bitcoin has frightened the Central Bankers. Their hasty yet well coordinated response has been to marry the Blockchain concept with their existing centralized servers. One corollary being the CCP’s Social Credit Score system, which clearly inspires the WEF to boldly advocate for stronger centralized control, intrusive surveillance, and the active monitoring of all private financial transactions.

Therefore the Public must learn to keep a close eye on all CBDC related developments.