109

Quick Take…what’s up with CBDCs?

Kit Knightly

Have you seen a mainstream headline about central bank digital currencies (CBDCs) so far this year?

Probably not.

What used to be a regular on the front page has been curiously absent. What stories there are have been tucked away, and the tone is decidedly changed:

Is a digital euro necessary for monetary sovereignty? Rethinking the CBDC debate

That’s from Santander, riffing off a report from the Centre for Economic Policy Research (CEPR), “Central bank digital currency and monetary sovereignty”, which concludes [emphasis added]:

the case for CBDC as a prerequisite for monetary sovereignty is weaker than often claimed. History suggests that sovereignty ultimately rests on legal authority and public balance sheets, not on universal access to public money. Confusing money with payments risks misdiagnosing the problem and misallocating policy effort. For Europe, the digital euro may play a useful symbolic role, but the effective defence of monetary sovereignty will continue to depend on regulation, fiscal capacity, and the central bank’s willingness to absorb risk when it matters.

Just a few hours ago, Forbes published this:

The Philippines Went Majority-Digital Without A Super-App Or A CBDC

Which talks up the Philippines’ approach, building digital financial infrastructure (“rails”) but letting private digital wallet providers compete to use it.

Recent years have already seen several major economies – notably Japan, Australia and Canada – pause or outright abandon CBDC development.

There’s a shift in the narrative here, but why? And what does it mean? Is it related to the emerging “multipolarity” we’re hearing so much about?

If countries do go ahead with CBDCs, it’s possible the dream of global interoperability is over, at least according to this piece in Forbes, which headlines:

After MBridge and Agora, Multilateral CBDC Interoperability Is Dead

And sub-heads:

The original BIS vision of a globally interoperable CBDC empire has fallen by the wayside as countries develop bloc by bloc.

It’s quite an interesting, if jargon-heavy read; here are some potential highlights [with emphasis added]:

ASEAN is building the same approach as a bloc. The 2023 Leaders’ Declaration on Regional Payment Connectivity has linked Thailand’s PromptPay, Indonesia’s QRIS, Singapore’s PayNow, and Malaysia’s DuitNow into an expanding mesh, with full ASEAN interoperability targeted by the end of 2025. Intra-regional local currency settlement has more than doubled, from about 7 percent of regional payments five years ago to over 15 percent today. Brazil’s Drex CBDC pilot and Pix’s continued export ambitions follow the same logic. Build bilaterally. Avoid the bloc choice. Hedge with non-CBDC rails that already work.

The infrastructure was never neutral, and pretending otherwise was the project’s foundational illusion. What comes next is a fragmented map of bilateral, bloc-specific, and corporate-built corridors, negotiated one pair of countries at a time. There is no single global rail in it.

To translate the Forbes-speak: The whole CBDC thing is getting rather more…complicated.

Or at least it appears to be.

Whether this represents any real change in terms of approach, or simply an adjustment of nomenclature designed to camouflage the unchanging globalist policy, remains to be seen.

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treewalk
treewalk
Jun 12, 2026 4:01 PM

Housing Choice Vouchers (formerly Section 8) help low-income individuals, older adults, and people with disabilities afford rent in the private market.

Republicofscotland
Republicofscotland
Jun 12, 2026 10:08 AM

Obviously, they don’t want you seeing the damage that Iranian missiles and drones have done – to the illegally squatting military oppressive force known as Israel – whilst on occupied Palestinian lands.

“I’ve noticed @googleearth has removed all recent satellite imagery of Israel/Tel Aviv from Jan–Mar 2026, even though those images were already blurred. It’s now showing older imagery from 2024–2025 instead.

Oddly enough, they didn’t do the same for U.S. military bases.”

John Manning
John Manning
Jun 10, 2026 9:23 PM

New Zealand has had digital currency for over 40 years. We now have retailers refusing cash even though it remains legal currency. Every time you use an EFTPOS card or credit card you are using digital currency. Scary isn’t it.

Paper money was so much more real wasn’t it!

ackly
ackly
Jun 10, 2026 5:06 PM

CBDCs are called vouchers, akin to those used for shopping.
Book vouchers were provided to the students at school.

Republicofscotland
Republicofscotland
Jun 10, 2026 1:58 PM

As the last sentence says – they really do hate you.

“The UK government is going to pay British firms £5k for every foreign worker they employ, while young Brits battle a jobs crisis

They’re set to announce that “high-growth” businesses will get up to £25,000 in subsidised visa costs for highly-skilled workers hired from overseas.

Meanwhile, young British graduates are already facing the worst jobs market in a generation.

Starmer’s government really does hate Brits”

Voltara
Voltara
Jun 10, 2026 1:39 AM

I know this website believes our masters want CBDCs so they can scrutinise and approve every purchase you make, however they already have this system in place with credit and debit cards and almost everyone voluntarily complies. As far as I know all official experiments outside public crypto blockchains have failed. Has anyone every considered the bankers might not want a CBDC because it would allow greater scrutiny of the financial system? They’re obsessed with secrecy and the blockchain has the potential to reveal all. The “wrong” government getting elected and demanding the blockchain be visible to the public would be a disaster for the financial system. Also it’s much easier to deny unacceptable vendors access to the system than to micro-manage everyone’s expenditure. If David Irving’s books aren’t available to buy on Amazon, pages with links to them are banned by Google and David Irving is denied a bank account that’s a far more effective and efficient method of censorship than blocking transactions.

Erik Nielsen
Erik Nielsen
Jun 10, 2026 9:03 AM
Reply to  Voltara

Equal to the prevailing sanctions against Russia, China, Iran, Cuba, Venezuela, m.m.
Access denial. Yes it functions all to well. Its really a pain in the arse for the involved.

The Marquis of Eversmile
The Marquis of Eversmile
Jun 10, 2026 1:25 PM
Reply to  Voltara

And two people upvoted this nonsense. There really is no hope for some of us is there.

tom baxter
tom baxter
Jun 11, 2026 6:48 AM

There never was. Everyone likes to think they have the “good oil” and are switched on but everyone knows by now that the great masses of the population are brainless and herded like cattle. I’ve read about the financial disaster that really picked up steam after 1933, after everyone handed in their Gold coins as ordered. Untold banks collapsed and the deposits held in them vanished leaving people penniless. But the debts on their books, home loans etc, they were sold to “Good Banks” who then proceeded on the biggest foreclosure bender in history.

It’s the same now but a lot more is at stake with all the pensions in the hands of these bankers who control the funds and wall street. Yet no one is tacking action, they just let their life-savings get shuffled between WeWork and Tesla and whatever other junk the funds choose. In a market crash much of it will vanish just like all the money from the EV startups did when they collapsed. When the SPAC bubble burst, and when all the alternate energy companies rolled over.

Wake up you lot or you’ll be retiring into a Hooverville.

Thistopia
Thistopia
Jun 9, 2026 9:08 PM

I might have read 50 shades of grey if I had realised it was a political manifesto

Republicofscotland
Republicofscotland
Jun 9, 2026 7:21 PM

This now operates in Britain as well as the States.

“Leonardo is a $17 billion defense contractor. It built a system called SignalTrace that clips sensors onto the license plate readers already mounted on street poles, overpasses, and police cars across the US. Every time you drive past one, the sensor grabs the Bluetooth and WiFi signals from every device in your car, ties them to your plate, and logs the time and location. Your phone, your AirPods, your kid’s tablet. All of it goes into the same file. A friend rides with you once and their devices are linked to your plate.
Leonardo has sold this to police departments since at least 2023. There is no federal law covering it, no opt-out, and no warrant requirement.

My Take
None of the pieces here are new. Your phone has always broadcast a signal. The license plate cameras were already there. Leonardo just connected them and found a buyer. Nobody had to break a law or build anything from scratch. They assembled a surveillance system from parts already in place and sold it before anyone noticed.

Most people found out this week from a 404 Media investigation. Leonardo received the patent in 2024. By the time you hear about something like this, the deals are done and the sensors are on the poles. That’s how it works now.”

This Company Will Add Phone, AirPod, and Smartwatch Trackers to License Plate Readers

tom baxter
tom baxter
Jun 9, 2026 10:51 PM

Problems for urbanites. You live out in the rural areas, no cameras, you leave your phone switched off when you travel, nothing to track.

Urbanites produce nothing but rubbish and effluent that they dump out in the countryside around them. All the inputs,the water and food that they consume must be brought in from the rural areas as well. Personally I think they should be watched, carefully. Because when things go sideways they have a history of flooding out into the countryside and causing havoc. Track them, study their movements and triggers.

The covid lock downs served many purposes and one of them was to track and regulate the travel of the urbanite. A test run if you like. When the real trouble starts, like happened in the dust bowl era of the US or the famine in France that led to the overthrow of the monarchy it will be necessary to keep the millions under lock and key lest they spread out like a plague of locusts and consume everything in sight. Oh I know it sounds harsh, but I make no apologies. From the point of view of those of us living in food producing regions it’s a comfort. It’s all covered in Darwin’s law of the survival of the fittest.

Erik Nielsen
Erik Nielsen
Jun 10, 2026 9:11 AM
Reply to  tom baxter

You are only fit because the Central Committee allows it.

Your surplus corn you put aside to fatten yourselves and your families in recession times, you are by law and jail time obligated to give to the Central Committee who issues food stamps and erect soup kitchens for the peasants in the cities.

You and other Kulaks have nothing to say

tom baxter
tom baxter
Jun 11, 2026 7:01 AM
Reply to  Erik Nielsen

Well naturally you don’t want to be a small farmer! That’s always been a dead end of a life. But living in a rural area in a normal house on a normal block in a street in a small town puts you where the food is made and puts you far from the madness of the cities. It’s the village model and the best of both worlds at the moment with the global delivery to your door system.

Who needs city crime and city traffic and city pollution when you have basically the same amenities in most decent towns, and NO traffic lights! Ha, imagine living where there are no traffic lights between you and the restaurant strip. Where the arts center is just a 5 minute walk from the jewelers shop and that a 3 minute walk from the dentist.

People don’t know what they are missing stuck in those city meat grinders. Come 10pm you can hear a pin drop out here. In the city all you can here is traffic, all night! And no Stars!

Republicofscotland
Republicofscotland
Jun 10, 2026 9:57 AM
Reply to  tom baxter

I’ve no idea what you are rambling on about in your above comment – on your very last sentence, which I did understand, James Burnett – Lord Monboddo was writing about evolution long before Darwin, infact Charles Darwin’ father Erasmus used to read Monboddo’s books on evolution to his son Charles, and quote from them when Charles Darwin was only a child.

Of course its all down to who has the better publicists – and colonial Scots didn’t, and still don’t have, the access that our English colonial masters have.

Republicofscotland
Republicofscotland
Jun 9, 2026 7:00 PM

WTF.. its beginning to look like a fake war – if this is true.

“At the request of the United States, the UAE delivered a plane carrying $3 Billion dollars in cash to Iran, in exchange for stopping its attacks on Israel – Kann”

Solaris
Solaris
Jun 9, 2026 5:47 PM

According to Austin-Fitts and other veterans, Escape Key is the only unique analyst in the world of his kind, apparently an stellar astounding researcher -he responded to your article:

 “They’re removing it [CBDC] from the front pages because it attracts attention. The initiative is not going away.

In The States, they’re not really banning CBDCs. they’re just moving them across as private sector stablecoins. practically the same thing under a different label.”

A recent article btw: https://escapekey.substack.com/p/illusions-of-a-multipolar-world

Erik Nielsen
Erik Nielsen
Jun 10, 2026 9:41 AM
Reply to  Solaris

Not bad, thanks.

Gezzah Potts
Gezzah Potts
Jun 10, 2026 10:39 AM
Reply to  Solaris

I’ve subscribed to Escape Key on Telegram and get his posts and musings there. Yes, he’s very good. Even though I’ve deleted the Australian Substack app because they implemented age verification restrictions here just before Christmas, was still able to read this here. Thanks👍

Jonas Carling
Jonas Carling
Jun 10, 2026 2:31 PM
Reply to  Gezzah Potts

Ask him to ditch his favourite toy (AI), and let’s see how “stellar” his work is.

Erik Nielsen
Erik Nielsen
Jun 10, 2026 9:39 PM
Reply to  Jonas Carling

If a man is using a Colt 45 to spread terror, it may be necessary to use a Colt 45 to get rid of him. Can you fathom that?  😌 comment image

tom baxter
tom baxter
Jun 11, 2026 7:07 AM
Reply to  Erik Nielsen

So I just need a toy gun like that one in the pic? Got it.

tom baxter
tom baxter
Jun 11, 2026 7:06 AM
Reply to  Gezzah Potts

Download the Opera Browser, it has a built in VPN you can use to skirt the censorship of offshore sites. But it sounds like you are a phone browser, phones are another matter and are infested with spyware you can’t remove easily.

Konstantín Kadrulos
Konstantín Kadrulos
Jun 9, 2026 2:14 PM
treewalk
treewalk
Jun 12, 2026 4:02 PM



NAG
NAG
Jun 15, 2026 1:45 AM

The ppl at CBDC Intel have been on this for few years. They are looking at ways to stop the banks from instituting OBSIDIAN,
https://www.cbdcintel.org/usdr-future-cbdc-digital-currency

Love
Love
Jun 9, 2026 2:00 PM

None of their plans ever work.

It’s like during the lockdowns in 2020 in California where I was. They announce: “BEACHES ARE CLOSED.”

Then, everyone ignores it and goes to the beach.

Then they announce “BEACHES ARE NOW OPEN” to save face and pretend they’re still in charge.

They announce “VACCINE PASSPORTS ARE NOW MANDATORY”

We all ignore them and they quickly disappear.

Headline: “RETHINKING VACCINE PASSPORTS”

Everyone one of their ridiculous schemes disappears in a puff of fantasy.

So why are we still glued to them breathlessly?

Lizzyh7
Lizzyh7
Jun 9, 2026 3:00 PM
Reply to  Love

Because while all the things you list here were eventually simply ignored or repealed, I do believe good old California did arrest a few beach goers while denying it, one day these controls will NOT simply go away. Once the full cage is built out and all ready to go, we will long for the days when these things simply faded away. I think that fading away bit is part of the tactic as well – don’t take them seriously and for a while that works, but one day it very well may not. Then what?

Republicofscotland
Republicofscotland
Jun 9, 2026 12:42 PM

So apparently the attack on the guy in Belfast – by a Somali guy was not just a stabbing, but an attempted beheading – the BBC tried to cover it up by reporting it as a stabbing – but many folk on social media say it was an attempted beheading by the Somalian guy.

Voltara
Voltara
Jun 10, 2026 1:42 AM

The video looks like the sudanese is attempting to hack through his throat with a box-cutter. He deliberately cuts at the kid’s throat several times. Definitely more an attempted beheading than a stabbing

Republicofscotland
Republicofscotland
Jun 10, 2026 9:39 AM
Reply to  Voltara

Yes there was a fair bit violence last night in NI and across Scotland and England directed at immigrants, it was unorganised and sporadic -also it was aimed at the wrong people, it should’ve been aimed at the politicians and councillors – they are the facilitators on flooding our communities with immigrants.

treewalk
treewalk
Jun 12, 2026 4:03 PM

Attempted beheading 😂 

tom baxter
tom baxter
Jun 8, 2026 8:55 PM

CBDC is a replacement for a monetary system that is based on digital cash. I know it’s hard to understand, people tend to think of it as being dollar type money but just issued by central bank(s). It won’t be. It will be as different from digital cash/credit cards as paper currency was to the Gold currency eliminated in 1933.

For one thing it will most likely be a Global currency, since all the CBs work in concert, all take their marching orders from that mysterious BIS in Brussels. It is a unique place, like the Vatican it enjoys a unique diplomatic and legal status that shields it from the jurisdiction of the local government. It’s own police force etc. Untouchable in other words, and unaccountable.

NixonScraypes
NixonScraypes
Jun 9, 2026 11:05 PM
Reply to  tom baxter

Isn’t the BIS in Basel? If so, what else have you got wrong!?

tom baxter
tom baxter
Jun 11, 2026 7:22 AM
Reply to  NixonScraypes

So I got the name of the town wrong, big deal? When you googled it to find out where it was did you bother to verity what I said about about it being a jurisdiction outside of Swiss law? That ALL the world’s central bankers go there annually to discuss the global economy and formulate plans?

Here we see an example of a blind guide folks, one who “strains out a gnat yet swallows a camel.

People point to the FED, the BOE, yet have no idea that a collective of European bankers are actually pulling the strings. Rothschilds at the heart of it probably. They have had 300 odd years to set the system up. That’s where your Israeli influence no doubt comes from, the wealthiest dynasty on the planet.

NixonScraypes
NixonScraypes
Jun 11, 2026 10:39 PM
Reply to  tom baxter

Yes, and who’s behind the R’s? They have to work for their living, cushy as it may be.

sandy
sandy
Jun 8, 2026 5:33 PM

How about inability, incompetence to execute? Maybe they are finding limits to new tech, globalism, people, networks, AI, energy and overall negative results?

George Mc
George Mc
Jun 8, 2026 2:21 PM

Pending

George Mc
George Mc
Jun 8, 2026 2:21 PM

Has anyone else noted something oddly anachronistic about data centres?

Back in the 60s, whenever a sci-fi series wanted to depict computers it would show a vast room full of large cabinets like some metal Stonehenge with networks of cables and flashing lights and reel to reel tapes.

But as the microchip technology developed, computers got smaller and we ended up with a virtual network anyone could plug into with a terminal.

Bit now we’re back to metal Stonehenge with the data centres.

So here’s my theory. These data centres are pure props to serve as an excuse to divert resources away from the population and into that beloved black hole so necessary to the parasite class.

sandy
sandy
Jun 8, 2026 5:26 PM
Reply to  George Mc

Go to any IT dept in any organization and you’ll see a room desktop sized boxes stacked in racks. It’s essentially chaining together high powered pcs. So the Stratos in Utah, twice the size of Manhattan, you can imagine how many pc boxes stacked in blocks generating heat and pulling 500W each. A monsterous infrastructiure for millions of agentic AI agents swarming all over the world’s internet.

Erik Nielsen
Erik Nielsen
Jun 8, 2026 5:50 PM
Reply to  George Mc

A due bet. Replacing the opium fields in Afghanistan with BIG Data Center Communities the size of Manhattan telling people if these do not function, they cant get their pay check.

Roy Shepard
Roy Shepard
Jun 9, 2026 1:29 AM
Reply to  George Mc

I agree with you, with some caveats.
There never was “the cloud” it was always someone else’s computer.
So yes, there are many rooms filled with computers out there.

But the list of planned data centers is obviously fake (gigantic city-sized energy hogs with no internet connections). China is doing 10X the AI with no extra data centers buildup.

Possible other reasons for data centers are surveillance, money laundering or (like you said) just props.

tom baxter
tom baxter
Jun 9, 2026 7:13 AM
Reply to  Roy Shepard

The cloud lol. I remember buying a small laptop back around 2014 that I hadn’t researched properly. It came with a lame duck tiny HDD but a free sub to the ‘cloud’ Yeah right, like I want all my saved movies music and data on someone else’s computer? I think not! It also had windows 8, which was garbage. I gave it away to a girl I knew and she was ecstatic. All those fat icons on the desktop, ooo Ahhh.

Erik Nielsen
Erik Nielsen
Jun 9, 2026 2:32 PM
Reply to  tom baxter

This was only chapter 1 of your story. What did you do then? Bought an AirMac with Windows 15?
(Windows 10 is already outdated, 11 is looking on our wallets now.
(security reasons off course)).

tom baxter
tom baxter
Jun 11, 2026 7:32 AM
Reply to  Erik Nielsen

I kept the windows 7 machine I already had and began buying a few more. Windows 7 is the stopping point and works just fine, locks down easily. Even XP still works online. No need to go up any higher than 7. But it’s getting increasingly hard to fins a netbook or laptop that hasn’t been upgraded from 7. I suggest you start looking on ebay for ones sold by home owners, not resellers.

You should have at least 2 or 3 laptops on hand and configured, just in case one goes down, redundancy. I use external screens keyboards and mice typically for a better experience too.

mgeo
mgeo
Jun 9, 2026 4:50 AM
Reply to  George Mc

The technology changed. Earlier, everyone followed the IBM religion: each function came from one or more expensive boxes, except the CPU in a single box. Then, mid-range servers and desktops came. For a few decades now, everything has been in racks of servers of height >6m, all inter-connected. You just add server “blades” into a rack, or a whole rack. Each rack provides a function: processing, storage, communication, encryption, etc. Remote clients (“on the cloud”) pay the centre for these functions or specific software. Many clients have no centres of their own.

Earth
Earth
Jun 8, 2026 2:14 PM

What they really need to do is track political people and track how public spending is used and see where it ends up. There’s your CBDC in a fully transparent public spending use

Erik Nielsen
Erik Nielsen
Jun 8, 2026 5:52 PM
Reply to  Earth

Public spending all ends in the Data Centers who sucks it all up. They are black holes.

Binra
Binra
Jun 8, 2026 1:18 PM

The script plays your wishes and fears.
The circular logic of lies given power (masking narrative-based identity) is well described by escape key @esc on substack.

I see the ‘tooling’ or technologising of a world operates an ‘explication’ or externalisation of the human mind —or at least of what I call the split mind.
The wish that reality be different than it is (ie: I WANT IT THUS!) can set a basis in concept for a sense of self-lack framed in rejection, abandonment, treachery and betrayal.

Persisting in the wish of a ‘self-will’ calls for and invokes power as control – to replace a love that is framed in fear or pain of loss as hatred or attack and denial—framed as justified BY an evil past that persists as the stamp on the face of a present, into a future, forever….

A key phrase in the above sketch is of a basis set “in concept”. Not in truth.
What is ideological capture but a mind possessed and controlled by its OWN thought -AS IF compelled by the hand or intent of another.

The requirement for system identification as validating and permitting transaction of goods,services of movement and access to life is already largely in place and such systemic control have been ratcheting tighter beneath the playing out of polarised and polarising narrative identities.

Because I see such an addiction to the human drama, I wonder just how dark, joyless and painful life must become before a ‘bottoming out’ allows the release of a grip of possession and control as Guide and Protector.

I see a monkey trap. The monkey grabs a fruit – but the fruit is in a gourd that has been fixed to the ground. The monkey could release the fruit and its hand, but it cannot retrieve its hand with the fruit. Our mind traps are of the same principle but set in different variants of complex instruments. The wish for something we have not or know not (as yet), is not a true willingness to receive it, and so even if we get it, we cannot truly have it.
The gaining of the appearances without the living context will not fulfil us, be sufficient or truly work as imagined.

The ego script plays wishes and fears as your substitution in image and concept given freedom to run within the spin of their own conflicting limitations.
An awakening script reads the same mind and world as an opportunity for re-integration and healing of a split mind.

Of course the ego seeks to replace or usurp all spiritual functions, and so it subverts awakening along with caring to serve a means of persisting in futility – in case the light gets in! That is not because it is evil, but because that is its job description, or the purpose that invoked it. A false light does not know or love but must flee and deny the light that reveals its lack of substance. Vested self image can operate as a basis for taking grievance to heart such as to set a mind in implacable or irrevocable denial.

As for the workability of the ‘new world order’ – power sharing is not exactly a characteristic feature of those who align in a ‘will to power’ set over others in a hierarchy of coercion and deceit. The ideal or idol that drives them is a wish that will not deliver as expected.
but a revealing of the false releases it from service as a substitute for truth – which ‘rushes in’ as soon as we replace an exclusion zone with a willingness of welcome.
That the ego seeks to regain control ASAP! is simply the habit of an unwatched mind – but if we give it demonic power we will create our experience in the measure of our giving.
Frightened people can be vicious, triggered fear can act out in blind and heartless cruely and violence. i don’t call on a sympathy card, but on a willingness to look at the hatred in our own heart from a willingness to be released of its cost.

Block-chained in slavery to the images on a screen ‘reality’.
What’s new but the revealing of the nature of the Cave?

… or is it a womb, whose increasing intensity of contractions heralds a release and releasing of what we took as reality of self and world?

Erik Nielsen
Erik Nielsen
Jun 8, 2026 5:54 PM
Reply to  Binra

As long my pacifier are dipped in honey they can go and put it up there.

Johnny
Johnny
Jun 8, 2026 10:57 AM

Here’s some ex-politicians and a retired bureaucrat doing something useful:

https://aukuspublicinquiry.com/

A crowd funded public inquiry into political sycophantic behaviour.

Why didn’t these Folks speak out more when they were in the parliament?

Roy Shepard
Roy Shepard
Jun 9, 2026 1:30 AM
Reply to  Johnny

Precisely, why?

Because, like almost everything out there, this is a psyop. They will pretend to investigate while the slaves patiently await the results

Brian Sides
Brian Sides
Jun 8, 2026 10:11 AM

You can keep your cash it will just be trackable
, central banks are exploring hybrid banknotes that combine physical cash with electronic, machine-readable capabilities. These concepts—often referred to as smart banknotes or cryptoNotes—feature built-in RFID/NFC chips or electronic ink displays that allow the physical note to interact with digital networks

Erik Nielsen
Erik Nielsen
Jun 8, 2026 10:55 AM
Reply to  Brian Sides

No thanks. Clean environment. clean notes.

Johnny
Johnny
Jun 8, 2026 9:23 AM

Don’t accept cash?
Walk out the store.

In aUStralia at least, one can still pay some bills at the local post office.

Chris_Mr
Chris_Mr
Jun 8, 2026 8:21 AM

There are certainly some huge technical issues..

Latency: The time taken to get from one point to another – how late it is. The internet doesn’t have fixed point to fixed point (me to you) connections, it’s a web of connections that self organise using which ever connections work at the time. If one connection is busy then others, which are being tried at the same time, win and so the actual path the data takes isn’t known in advance making the delay (latency) unknown. That means, with enough traffic, you could be waiting a long time and so the transaction time would kill it.

Bandwidth: The amount of data you can transfer per second. Sure, the fibre links that cross continents are fast but the basic infrastructure at one end of the connection is quite limited – say 10 giga bits per second through a server. That’s around one bit per person on the planet per second.

Data centres: To get over the first point (latency) copies of data are kept in different locations (called a Content Delivery Network CDN) which is awful for financial transactions because that means all the versions of the same data need to be synchronised, else you could spend in one place and then via another before the first got to know about the second.. (so you could spend the same thing twice). If everything is to be tokenised then the bandwidth (point 2) is going to be enormous.

Points 1 and 3 are non-trivial when coupled together.

It’s a bit like trying to squash a bar of soap with your thumb. Just at the point where you think you have it, it whips out!

mgeo
mgeo
Jun 9, 2026 5:07 AM
Reply to  Chris_Mr

Work expands to fill the time available. -Northcote Parkinson

Similarly, data transmitted expands to fill up the transmission capacity available.

Edwige
Edwige
Jun 8, 2026 8:19 AM
mgeo
mgeo
Jun 8, 2026 7:14 AM

Everywhere, governments are marching zombie-like to digital cash (though pioneer Sweden warned against that) and digital ID. Globally, online theft of money is in the tens of billions of $ yearly. No one in authority bothers to address these potential problems:
-. phone loss, damage, corruption, software update failure
-. electricity failure (terrorism, vandalism, economic imperialism, solar EMP)
-. software/hardware failure (supplier collapse, supplier/employee error, mismanagement, crime)
-. online trade/QR code scam
-. scam on bank account
-. scam, incompetence or crime by bank
-. keystroke monitoring by browser, search engine or spell checker
-. cheap hand-held device extracting info from RFID/NFC cards
-. known back-door in encryption servers
-. harm of 4G, 5G and Wifi radiation (>14,000 studies)
-. options for children without phones.

Rolling Rock
Rolling Rock
Jun 8, 2026 6:34 AM

The word ‘global’, although still in vogue with certain elements of the chattering classes receives the cold shoulder treatment from more and more of the global population. A resurgence in nationalism has meant the controllers need to change tack.

Therefore, tailoring digital currencies to appear more open with less emphasis on ‘Central’ by allowing private players into the arena gives the impression of decentralisation and competition.

Also, I found it strange at the time when CBDCs were initially touted that this would disintermediate the private banks. I could not understand that the commercial banking industry would be in agreement with this aim and allow themselves to be effectively squeezed out of the marketplace.

So, it seems whatever is the new plan it will include the private banks and it will be designed to seem decentralised and even multipolar. The Public Private Partnership at work again.

At the end of the day it doesn’t matter to the controllers if there is a CBDC or a series of PPP versions, the real aim is to limit or abolish cash – despite what they may say about keeping cash – and have everyone transacting digitally. Then they will have total control over the population and the ability to limit their purchases and introduce carbon credits, social credits and exclude them from the finanical system if desired. The preferred private partners can do this dirty work at the government’s behest without the need for the central bank to be directly involved.

les online
les online
Jun 8, 2026 4:53 AM

567 Zombie Films…….

The Real reason For The Zombie Boom (37:13):
https://damnthematrix.wordpress.com/2026/06/08/the-raging-zombie-matrix/

les online
les online
Jun 8, 2026 5:08 AM
Reply to  les online
May Hem
May Hem
Jun 8, 2026 4:50 AM

I don’t know how or if this might affect future cbdc moves, but the AI companies just crashed in the US. Much expenditure and no profit. Investors withdrawing.

https://boomfinanceandeconomics.wordpress.com/

les online
les online
Jun 8, 2026 5:16 AM
Reply to  May Hem

Last week one of the Tech Bros said he’d like to get his hands on
people’s pension funds and bank savings as investment capital
was getting harder to come by… The AI bubble’s crash would wipe
out all those funds and savings…
If The Crash has started ‘The Next Pandemic’, with all it’s restrictions,
wont be far behind…

Erik Nielsen
Erik Nielsen
Jun 9, 2026 2:39 PM
Reply to  les online

A start crash within Big Tech will make them even more horny to get on the pensions.

Literallynobody
Literallynobody
Jun 8, 2026 4:38 AM

I don’t know
I think there are 2 alternatives being progressed simultaneously.

1.CBDC is the stick requiring gov mandates/crisis.
2. Corporate tokens, the carrot, as growing income replacement (specific allowance)

I wonder if the regime is happy for people to work towards either option in their own time?

But really I believed and still do that digital/ programmable money is the agenda.

Antonym
Antonym
Jun 8, 2026 2:07 AM

CBDC: the next bogey man, rebel without a course.

There never was a worldwide “C”entral digital currency and there never will be. The paper dollar will rule the roost till the trillions of US debt chickens come home to roost.
There might be 6 or more regional “C“BDCs but never One.

les online
les online
Jun 8, 2026 4:46 AM
Reply to  Antonym

O Ye of Little Faith !!
The Technocrats Rule ! They CAN solve The Problem of ‘Interoperability’ !
Have Faith ! Give Them Time !

“WE haff Ways of Making Things Work !”* (Technocrats motto)…
(After all – War is The Mother of Creative Solutions, and They Are At
War Against Us Proles !)…

And Anyone who claims otherwise is a non-believer* !

** To put it very, very mildly…

Roy Shepard
Roy Shepard
Jun 9, 2026 1:36 AM
Reply to  Antonym

Just like there can never be global cooperation on any issue, right?

Except that almost all countries were in the scamdemic psyop, as well as the climate change psyop, the moon landing psyop and the fake wars psyops going on right now.

Don’t think about the humanity as 8 billion people – it’s more like one thousand psychopaths that control 8 billion puppets while a couple of million humans are trying REALLY hard to reason with the puppets and get depressed when nothing changes.

And if you think this is new, it shows how well they have managed to erase the past. Read “Creating Christianity” for example.

tom baxter
tom baxter
Jun 7, 2026 11:31 PM

The groundwork has been done, the seeds planted, now we are in the growing stage where you don’t see the plant. If you think back, or care to research it, there were many virus scares before the big Lie. Swine flu, bird flu, all the TV shows and all those movies about virus zombies. Then it quietened down before the master stroke, so to speak. When it came though the people were conditioned to respond exactly as they did. That’s the Power of the Media, of movies, TV shows.

Same same with all those terrorist moves of the 80’s and 90’s depicting wild eyes arabs with nuclear weapons etc. “True Lies” was the first from memory, a fun comedy but there was nothing funny about the nuclear weapon scenes. The message? “We must counter this Evil, we must go over there and clean out the nest of vipers before they Get Us.”

There is even a more insidious meme out there and it involves the concept of the super-Hero. The Iron Man, Thor, name your super hero. It was codified I thought in the movie “V for Vendetta” where an entire population was oppressed by a tyrannical political party and the people were helpless little sheep. But fear not, ‘V’ comes to the rescue and rallies the people and single-handedly overthrows the regime and frees the people. That’s what people saw in trump and other figures. They are powerless, or so they have been trained.

The final scene in V is very disingenuous. It shows all the masses walking to the barricades where the armed forces are ready to gun them down, then the army stands down and they ‘peacefully’ cross over to watch V destroy the parliament building. In your dreams people, in your dreams.

Vagabard
Vagabard
Jun 8, 2026 12:02 AM
Reply to  tom baxter

Right so anyone dreaming of being a future hero is hitherto misguided. Got the message.

Yet might I still dream of better?

tom baxter
tom baxter
Jun 8, 2026 8:27 AM
Reply to  Vagabard

No. You missed the point entirely. You are waiting for a future hero, you will not be one, there will never be one. You will continue doing what you do now, complaining about every ill in society, believing you are powerless. That is the message of those movies. “You are Powerless.” But wait… Wait for your hero. Meanwhile the corrupt political system grinds you into the dust.

les online
les online
Jun 8, 2026 5:29 AM
Reply to  tom baxter

The late 1970s-early 1980s TV series “The Professionals”, featuring
Bodie & Doyle, was familiarising us with A-rab Terrorists, though 0zzie
bin Laden & The CIA’s Al Qaeda was in its infancy… There must have
been an inkling there’d be blowback against The West once The
Soviets had withdrawn from Afghanistan ?

Roy Shepard
Roy Shepard
Jun 9, 2026 1:51 AM
Reply to  tom baxter

Actually the main message of all these movies (from blockbusters to purportedly independent anti-capitalist flicks) is that ONE PERSON CAN MAKE A DIFFERENCE.

After they destroyed most communities, they sell the idea that you can create a revolution by yourself – they love that because it’s SO EASY to suicide one retard.

tom baxter
tom baxter
Jun 9, 2026 7:21 AM
Reply to  Roy Shepard

As we all know, it’s only when large groups get together and decide on action that change can be forced, and today large groups mean millions when your talking about say changing the monetary system. The classic example was the American Revolution but there are many other examples. In the past, even the recent past those sort of movements were formed in venues like local churches and local halls, and local town squares, Now though all such groups are formed through social media and it’s all too easy to shut that down, as they have periodically in places like North Korea and Iran when the authorities encountered “Wrong-Think”

Chris
Chris
Jun 7, 2026 11:05 PM

Or maybe the fevered imaginings of those would-be global technocrats are finally revealing themselves to be completely and utterly impossible to implement.

Humanity, and life in general, is far more complex and interesting than they have imagined. And Mother Nature always wins in the end.

Vagabard
Vagabard
Jun 7, 2026 11:50 PM
Reply to  Chris

Wins in some sense, but what’s her alternative?

Vagabard
Vagabard
Jun 7, 2026 10:45 PM

OT:

Highlighting what may have been missed. White, then blue then red. Whose flag is that anyway? (not the Tricolor for starters) Yet she clearly deserved to win, politics aside. Just sayin’:

One Lady and a dog – BGT final 2026

Vagabard
Vagabard
Jun 8, 2026 1:48 AM
Reply to  Vagabard

The symbolism of the lapdog of course still open to question

tom baxter
tom baxter
Jun 8, 2026 8:31 AM
Reply to  Vagabard

The pet ‘culture’ is just another mental sickness in our latter-day western empire. The elevation of animals to the status of humans is basically what it is. Dogs belong outside, not on the lounge beside their owners, not on the end of their owners beds.

Johnny
Johnny
Jun 8, 2026 9:15 AM
Reply to  tom baxter

Put out the ‘bait’. Waiting for a bite _ _ _

‘Mental sickness’?
Just like old blokes playing with their motor bikes or guitars hey?

tom baxter
tom baxter
Jun 9, 2026 7:22 AM
Reply to  Johnny

You live in the city or came from a city, correct?

Roy Shepard
Roy Shepard
Jun 9, 2026 1:57 AM
Reply to  tom baxter

Pet culture was pushed hard by the oligarchs because it was a (bad) replacement for community and family.
So instead of working to belong in a group, a lot of people redirected their instincts toward torturing a helpless animal under the guise of “love” (castrate, defang, remove vocal chords, inject poisons – do I need to continue?)

Like everything the psychopaths do, it serves many purposes:

  • reduce population (less kids)
  • increase consumption (all th expensive poisoned food, then medicines, vet visits etc)
  • Destroy communities

Disclosure: I have 2 rescue dogs that live outside, have never been to the vet and eat bones/meat/organs from the butcher. They are working hard to defend the farm and because they have a purpose in life, are great companions.

tom baxter
tom baxter
Jun 9, 2026 7:40 AM
Reply to  Roy Shepard

All good points Roy. And you obviously have a rational mind, not one infected with modern urban decay. The culture was certainly pushed, there were lots of TV shows, ‘Animal Rescue’ stuff, and of course movies that portrayed it. Social engineering. It’s basically a thing the ubber wealthy have done over time but I doubt even the Queen of England allowed her Corgis on the couch beside her. God rest her soul.

I won’t even sit on a lounge if I know dogs have had the run of it, sleep with dogs? Unthinkable. Allow a friend to bring their dog into my home? No thanks. One tried once, “oh do you mind…” Yes I said, the carpets are new and not treated for pets. That shut her up, a nice logical retort but I though it was a bit rank of her even to ask since it was already content down in the back of her car, “In the evening”. Would she take her dog to the doctors surgery? Take it into the Bank, a supermarket? Of course not, so why try to take it into the carpeted home of a friend. She carted it everywhere till it died, it hated to be alone you see, but that was just BS. It was a fashion accessory.

Jerry Alatalo
Jerry Alatalo
Jun 7, 2026 10:08 PM

To translate the Forbes-speak: The whole CBDC thing is getting rather more…complicated.

*

Speaking of complicated, Benjamin Netanyahu and Donald Trump will find themselves in a far more complicated situation – after Congressman Thomas Massie of Kentucky honors the 34 murdered and survivor crew members of the U.S.S. Liberty on the floor of the United States Congress – at 12 o’clock noon, Monday June 8, 2026.

How will Netanyahu and Trump respond?

See: https://onenessofhumanity.wordpress.com/2026/06/07/u-s-s-liberty-military-crimes-scandal-goes-mainstream-on-june-8-2026-liberty-survivors-larry-bowen-mo-schaefer-phil-tourney-speak-out/

mgeo
mgeo
Jun 8, 2026 5:54 AM
Reply to  Jerry Alatalo

Besides blackmail after entrapment, the traditional imperial way is (a) threatening an imminent attack (b) a car or private jet crash. One senior judge appeared to have expired after being smothered by a pillow.

tom baxter
tom baxter
Jun 8, 2026 8:36 AM
Reply to  Jerry Alatalo

How will they respond? Who cares? They are two bought and paid for politicians, what they say is irrelevant, or should be irrelevant.

Eleanor Roosevelt : Great minds discuss ideas; average minds discuss events; small minds discuss people.
Just say ya know.

Johnny
Johnny
Jun 8, 2026 9:19 AM
Reply to  tom baxter

And superior minds take action.

tom baxter
tom baxter
Jun 9, 2026 7:42 AM
Reply to  Johnny

I won’t argue with you there!
Off downstairs to the Gym now, even old men need to keep in shape. Or should keep in shape, if they know what’s good for them.

Roy Shepard
Roy Shepard
Jun 9, 2026 1:59 AM
Reply to  tom baxter

And Massie is yet another hired actor offering a limited hangout and distracting the slaves.

Remember when he promised to unilaterally release all Epstein files? That disappeared fast.

john
john
Jun 7, 2026 9:45 PM

Not that complicated. Door A or Door B, you end up in the same place, a unit of their universal ledger. You know, the old fake binary routine.

I know, its’ not that simple, either. But I’m too tired of the general paralysis to carry on with much more analysis.

Vagabard
Vagabard
Jun 8, 2026 12:31 AM
Reply to  john

Choose both doors. That way you can’t lose.

john
john
Jun 8, 2026 3:53 AM
Reply to  Vagabard

Ha, now that’s what I call being a glutton for punishment.

Veri Tas
Veri Tas
Jun 7, 2026 9:31 PM

Would it matter whether we are entrapped and controlled by our national overlords via a CBDC or by interoperability of the same international system? For, as our favourite villainous Bond caricature said, We (they) have infiltrated most Western governments ….

Vagabard
Vagabard
Jun 8, 2026 12:35 AM
Reply to  Veri Tas

Infiltration seems preferable. Just sayin’.

tom baxter
tom baxter
Jun 8, 2026 8:41 AM
Reply to  Veri Tas

People entrap themselves. No one is forcing them to carry a mobile phone in their hand all day, to use it for every purchase. They could use cash, force the issue, but they are part of the problem, being led around by the nose. They are consenting to their own enslavement.

Richard
Richard
Jun 7, 2026 8:37 PM

So far anyway, “they” haven’t been able to figure out how to construct a CBDC that would provide for criminal activity as readily as cash? e.g. Money laundering. AI probably has a similar, inherent “flaw”? i.e. It’s “truthiness”.

Shipinthenight
Shipinthenight
Jun 7, 2026 9:31 PM
Reply to  Richard

I don’t think the whole digital landscape is reliable enough to be frank.
Think about it – how often it fails, freezes, glitches, 404, “sorry etc” – not all the time but I’ve been taking rough counts and by midday on a typical working day it’s let me down 5-6 times. We’re so acclimatised to it we mostly shrug and try again, especially youngsters.
No way is it ready to imprison us…yet. Perhaps the AI bolloks is meant to correct this issue.

tom baxter
tom baxter
Jun 7, 2026 11:36 PM
Reply to  Shipinthenight

Since when did anything we think have a bearing on these matters?
Or for that matter, since when did practicality have a bearing on major changes?

I can think of a few ways “unreliability” in a digital system can be used by governments to their benefit. And for corporations. “Outage imminent!” So we all rush down to the supermarket to fill our trolleys.

It’s only ‘the people’ who benefit from a sound currency, sound money.

Rob
Rob
Jun 8, 2026 4:26 AM
Reply to  tom baxter

When we dealt in “sound currency” like gold, throughout history there has been tyranny.
The money isn’t the problem it’s the financiers gambling that fscks it up.

Erik Nielsen
Erik Nielsen
Jun 8, 2026 5:59 PM
Reply to  Rob

Usury is the biggest problem. The Bible has a solution even on this.

It says usury should be avoided at high cost but if people cant do without it, a man much be liberated fra all debt every 7’th year, as more debt or more years will corrupt not only the man but also society.

Erik Nielsen
Erik Nielsen
Jun 7, 2026 11:30 PM
Reply to  Richard

It is so full of holes and backdoors and badgers and trojan horses and tracking. I dont trust it over my doormats.

Republicofscotland
Republicofscotland
Jun 7, 2026 7:07 PM

It could be multipolarity that’s slowing it down or even killing it, and the likes of Russia and China are actively trying to avoid the Wests SWIFT payment system. Either way I hope the CBDC idea fails.

  • “Cross-Border Interbank Payment System (CIPS): A payment system launched by China to facilitate trade and payments in local currencies, bypassing SWIFT. 
  • These initiatives reflect a strategic shift towards financial autonomy and reducing dependence on Western financial systems.”
KiwiJoker
KiwiJoker
Jun 7, 2026 5:38 PM

Perhaps when citizens become aware of how ‘fractional reserve banking’ operates, they may also become aware that CBDC is just another acronym for the same old ponzi scheme propping up the fictional world of finance.

tom baxter
tom baxter
Jun 8, 2026 8:49 AM
Reply to  KiwiJoker

‘fractional reserve banking’ was done away with in the 1980’s my friend. They lowered the fraction step by step then did away with it entirely. That is what allows debt without limits, what allows unlimited money printing by CBs and commercial banks.

What we have now is Debt backed banking, like where 10,000 home mortgages become an asset on a banks balance sheet.

Roy Shepard
Roy Shepard
Jun 9, 2026 2:03 AM
Reply to  tom baxter

What’s with the downvotes?
Tom is correct – every dollar is LOANED into existence.

Erik Nielsen
Erik Nielsen
Jun 9, 2026 2:43 PM
Reply to  Roy Shepard

tom is threatening our system. What if someone start thinking to change this our system which has giving me millions over the years. Hush hush hush.