Gates Pushes Global CBDC
Gates Pushes Global CBDCFollow @KnightsTempOrg
“You will own nothing and be happy because everything you own will be on a network controlled by the Central Bank, where the government can turn off your ownership at any time.”
“Brought to you, as so often, by Bill Gates.”
This is the warning from U.K. commentator Guy Turner. The cryptocurrency expert says that a global currency system tied to identity is coming to the West – largely in secret.
In a pair of videos broadcasted in July and August, Turner – the co-founder of Dubai-based cryptocurrency company Coin Bureau – outlines how a scarcely publicised move backed by Bill Gates is paving the way towards a globalised digital currency, linked to Chinese-style digital identity surveillance and control.
Turner warns that a World Bank programme backed by the Bill and Melinda Gates Foundation is underway.
Its goal is the abolition of both cash and card payments under a project known as FASTT.
FASTT – meaning “Frictionless, Affordable, Safe, Timely Transactions” is run by the World Bank’s Payment Systems Development Group (PDSG), whose own website describes one of their main goals as “global convening” around the “creation, curation, and dissemination of knowledge around global payment systems.”
Turner warns that this FASTT system, which is being implemented with almost no public knowledge, is the first step to a centralised global digital currency – itself a stepping stone to digital ID and a social credit system with a worldwide reach.
The Coin Bureau co-founder cheerfully concedes his second presentation – on the digital globalist future – sounds like a paranoid conspiracy theory.
“Digital ID for everything? Smart cities that track your movement? Central Bank Digital Currencies for all transactions? Restrictions on cash? Sharing your social media information to create a bank account?” he rhetorically asked.
The first step is a payment system intended to coordinate cross-border digital banking. This is FASTT.
The second is the introduction of CBDCs – Central Bank Digital Currencies. These currencies are digital like Bitcoin, but unlike Bitcoin are under the total control of a government central bank.
The replacement of cash and card transactions with a digital currency is a necessary transition to enable a global digital ID system. However, Turner also warns that whilst governments are pressing ahead with CBDCs, the FASTT payment project will produce an identical result.
“Combining different payment operations – such as fast payment, QR codes, could achieve many of the same goals (as CBDCs),” he says, showing that FASTT, and its replacement of cash and cards with QR codes, is simply another means to the end of a globally controlled digital currency system.
Turner says that Bitcoin and other cryptocurrencies are a means of securing your money and freedom from an emerging system of global digital currency and identity control.
Whilst he promotes Bitcoin as a “hedge” against a system he says is already underway, he also argues that public understanding is key to preventing the rollout of globalized digital currency systems linked to identity and “social credit”
He mentions that decentralised cryptocurrencies are seen as an important weapon in the fight against planned global digital currencies, whose aims contradict the freedom of its anonymous and open system.