Global Digital Currency – Politics’ Secrecy and Surveillance

September 27, 2022

Global Digital Currency 

Politics’ Secrecy and Surveillance

Padmini Arhant

The digital era has revolutionized human lifestyle in the twenty first century.

However, the global forces such as the G20, World Economic Forum, Financial institutions viz. the central banks of selective countries beginning with the long privately run and maintained Federal Reserve since inception in the United States along with European counterparts behind policy-making and execution do not regard public opinion and consent relevant.

Considering debt trap trajectory amongst IMF, World Bank and foreign governments such as China in particular besides Saudi Arabia and Japan as key creditors to economies around the world lacking clarity in lending practice exacerbate sovereign debt and national fiscal deficit.

The European based World economic forum (WEF) in Davos, Switzerland dropped the hint sometime back on the necessity for the Great Reset in the financial world.

Although, the WEF announcement on the Great Reset did not accompany any details whatsoever, the intelligent minds in the world over could guess that the global economy and financial dealings are digitalized which is almost prevalent transforming the global market place into cashless society.

Needless to say, the overwhelming majority as the poor and poorest in most parts of the world are daily wage earners and derive meager income in cash only as they do not have enough savings or earning to open bank accounts or qualify for credit and debit card in effect right now.

There are some news and information though not openly but discreetly disclosed that merit discussion world wide to prepare global citizens from any major upheavals. As such the population in general have been subject to enough shocking events like the game of function research unleashed corona virus evolving into pandemic and a health catastrophe. 

The financial system configuration as nuanced in WEF’s Great Reset already implemented by G20 governments with Indian ruling government for example leading the trend back in November 2016 through the controversial debilitating demonetization to move India towards cashless economy.

United States on its part, under the incumbent administration of President Joe Biden 83rd executive order 14067, the Federal Reserve is entrusted with the creation of Central Bank Digital Currency (CBDC) granting complete control to the Federal Reserve on money and monetary policy.

There is little or no information on this critical White House executive action barring Congress and republic involvement in the modification of the most crucial instrument – money determining life and living conditions in the present world.

What is Central Bank Digital Currency (CBDC)?

How is it being implemented in what format?

What is the impact of CBDC on consumers in the economy?

Is CBDC encrypted like the debit/ credit card?

Is digital currency replacing the dollar as fiat currency?

There is a genuine concern over digital versions infringement on consumer privacy rights that are immensely compromised in the present time via tracking and trolling logging details of consumer lifestyle to the minutiae from music to health, food and personal life habits.

The domestic or foreign powers situated miles away through spyware and espionage are keen on body mass index (BMI) to ice cream flavors of those whom they are obsessed with as their target.

The digital currency already in circulation in China like e-yuan known to monitor every citizen’s movement and daily life by the state as the authority’s presumed right in the name of law. 

Accordingly, the United States executive decision authorizing the Federal Reserve to create and introduce the centralized digital currency in conjunction with MIT on technology expertise as opposed to non-centralized crypto currency deserve clarification and appropriate explanation to ease legitimate apprehensions among public in this matter.

Unfortunately, the misuse of cyber tools and technology by governments against citizens in most parts of the world is a serious violation of individual rights. Not to mention abuse of power above all.

The centralized digital currency in the token form from the private monetary organization such as the Federal Reserve facilitating government spying on citizens calls for public debate especially government intrusion through corporations intensified in the ongoing cancel culture and gag order on social media content. The exposure of malfeasance and dysfunctional performance not surprisingly is unwelcome by authority.

The state encroachment on civil liberty and individual freedom under the guise of national security is exercised with no accountability. The electoral mandate is grossly misinterpreted as absolute power for perversion and exploitation of the republic.

The government as authority rather than members appointed by the people for the people with tax payers funded public office in essence accountable to taxpayers and citizens at large as electorate is completely ignored with imposition to treat government and government branches as the ultimate power.

The ruling incognito authority via proxy enforcing rules and laws on society that are not necessarily applicable to or abided by those legislating or enacting them.

Otherwise the erroneous actions and decisions from those in power resulting in irreversible damages to the economy, health, financial status…and overall well being of citizens would be addressed and those responsible held to the same rule of law deemed just for the rest.

As such constitutional governed democracy is displaced in the so- called democratic systems world wide joining the ranks of blatant authoritarian rule showing zero tolerance to peaceful public dissent and voter discontent on repeat broken promise from politics.

The public confidence and trust in politics has long dissipated predominantly due to politics’ secrecy and surveillance as police state collecting and collating data mishandling technology and taxpayer funded government agencies for political and personal interests.

Simultaneously, the political power in collusion with domestic and foreign agenda shun transparency and hold themselves liable to none regardless of mayhem and mendacity.

The pertinent question being;

Who is to police the police state and those committed to perpetual sabotage of independence, free thinking free world shackled in indoctrination and anachronism.

The digital currency and economic woes or fortune best elaborated to public is citizens’ right to information affecting their lives and no longer a discretionary matter for those in power. 

In the United States with the mid-term elections around the corner, the political campaign related to economy, financial restructuring underway, the new monetary unit (CBDC)…are important issues.

The candid discourse on these affairs is incumbent upon candidacies and political parties. The citizens’ initiatives to probe further is imperative to restore democracy, individual liberty and economic opportunity for all unlike the selective few.

Padmini Arhant 

Author & Presenter

PadminiArhant.com

Prakrithi.PadminiArhant.com

Written by Padmini Arhant · Filed Under Featured, Finance 

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