Central Bank Digital Currencies (CBDC)

Archive for the Central Bank Digital Currencies (CBDC) Category

Holographic Treasury Rates? The 500 Trillion Asset Steal? And Then The Great Taking? Oh, And Happy IRS Day! (April 14, 2025)

Posted in Central Bank Digital Currencies (CBDC), Debt/Deficits, Inflation, The Great Taking, Treasury, Unemployment on April 14, 2025 by e-commentary.org

. . .

J “The latest antic seems to be an attempt to control the ten year Treasury rate, but that has other downside and inescapable consequences. There is no out for the pickle we are in.”

K “What if the yield reached an unacceptable 5.3 percent and they simply reported that it was a more palatable 4.2 percent or much more comfortable 3.1 percent? Who would know? Who would care? Some players would love the idea.”

J “That is the next frontier in the reality-free world of public finance. The unemployment figures are all a fraud. Inflation is intentionally and systematically underestimated. The Treasury yield could easily become a pliable and manipulated hologram.”

K “Someone may discover that they have decided not even to sell Treasuries but simply to report that they have sold Treasuries at a favorable yield.”

J “There is every reason and incentive for them to lie. There is no reason or incentive for them to tell the truth.”

. . .

J “And then what happens when they go forward with their scheme to steal and privatize 500 Trillion in land and minerals that we have always considered public and even sacred.”

K “They have stolen from and strip mined the middle class for forty years. The next step is to steal from and strip mine what is left of America.”

. . .

J “And then when the economic coup d’état envelopes everything and everyone, “The Great Taking” takes over and unleashes the final coup de grâce to take the remains of the economic carcass.”

K “I have said it before. The funny thing about the future is that it is so predictable.”

. . .

J “And the imposition of CBDCs as a Christmas present.”

. . .

[See the e-commentary on the national Debt at National Debt: 36+ Trillion Or 136+ Trillion? That Is The Question (March 24, 2025); on the fallacious official statistics for unemployment and inflation and other metrics at Bankruptcies? Layoffs? Foreclosures? Evictions? Inflation? (July 29, 2024); the fraudulent official figures for inflation and alternative measures of inflation and the obvious inflation that the Fed dismissed as “transitory” at the time at Is Inflation Inflating!?!? (April 26, 2021); the work of Professor Mark Skidmore, the recipient of the Fourth Annual Noble Prize In Eco-nomics (October 14, 2019), accurately calculating some of the real public Debt; and the discussion two years ago about AI and CBDCs at CBDC (Central Bank Digital Currencies): The End Of Freedom, Privacy, Dignity, Sovereignty And Humanity. And What Happens When AI (Artificial Intelligence) Takes Over Control Of CBDCs? (April 17, 2023); see also Third Annual Noble Prize In Eco-nomics (October 8, 2018), To Be (In Debt), Or Not To Be (In Debt), what is the answer? (July 23, 2018), Debt Insouciance. Does Debt Really Matter In The “Debt Age”? (February 25, 2019) and Forgiving American Debt? (March 3, 2008).]

Bumper stickers of the week:

2014: Fed regulated banks into buying Treasuries;

2015: Fed regulated money market funds into buying Treasuries; and

2018: Trump tax legislation incentivized U.S. pensions to buy Treasuries

The $20 Program (November 13, 2023)

Posted in Central Bank Digital Currencies (CBDC), Society on November 13, 2023 by e-commentary.org

[e-commentary We would like to show you a description here but the site won’t allow us.] [Yes, it will allow you.]

. . .

K “Give everyone and anyone doing good at each and every and any opportunity a Jackson.”

J “What about a $2 bill?

K “That too. The Jackson and Jefferson Program.”

. . .

K “The coffee jar at the local non-profit actually doing good work. Drop a $20. Some kids at a school car wash. Drop a $20. Even if you don’t get your rig washed. Immediate and direct and local assistance and support. ‘Tip’ is an acronym for the phrase ‘to insure promptness’ and must be a minimum of $20 and always paid in cash.”

J “I’m in. Two $2 bills for a single cup of coffee?”

K “That will work.”

. . .

K “Remember that my goal is for my last check to bounce.”

J “Make it a small one. In the end, it must be covered.”

. . .

[See the e-commentary at Preserve Cash; Preserve (Some) Privacy (May 4, 2015), Cashin’ In Cash (October 26, 2015) and CBDC (Central Bank Digital Currencies): The End Of Freedom, Privacy, Dignity, Sovereignty And Humanity. And What Happens When AI (Artificial Intelligence) Takes Over Control Of CBDCs? (April 17, 2023).]

Bumper stickers of the week:

Barbara Ehrenreich

The $20 Jackson Program

CBDC (Central Bank Digital Currencies): The End Of Freedom, Privacy, Dignity, Sovereignty And Humanity. And What Happens When AI (Artificial Intelligence) Takes Over Control Of CBDCs? (April 17, 2023)

Posted in Artificial Intelligence (AI), Central Bank Digital Currencies (CBDC), Digital Identification System (DIS), Our Future? on April 17, 2023 by e-commentary.org

. . .

K “What happens when AI takes control of CBDCs?”

J “We lose our humanity and cease being human.”

. . .

J “The government’s inevitable descent and devolution into a Central Bank Digital Currency (CBDC) means the end of freedom, privacy, dignity, sovereignty and humanity. Period.”

K “The government’s inevitable descent and devolution into a Central Bank Digital Currency (CBDC) means the end of humanity, sovereignty, dignity, privacy and freedom. Full stop.”

. . .

J “Not good.”

K “Real bad.”

. . .

K “Someone said that a cashless society cannot be implemented unless a digital identification system is in place first. The digital identification system is the line in the sand that cannot be crossed.”

J “We are way over the line in the sand. And most folks have buried their heads in the sand.”

. . .

K “So few folks get it.”

J “Soon many folks will get it.”

. . .

K “What happens when AI takes control of CBDCs?”

. . .

[See “Presidential candidate Robert F. Kennedy Jr. expresses strong disapproval of CBDCs and Digital IDs” by Brendan Taylor in “Insider Paper” dated April 7, 2023. (“The central bank will have the power to enforce dollar limits on our transactions restricting where you can send money, where you can spend it, and when money expires.”)]

[See the e-commentary at The Promise Of AI (Artificial Intelligence) (August 20, 2018), “Monitoring The Masses: The Card And The Chip (January 12, 2015)” Seven Years Later (January 10, 2022), “Monitoring The Masses: The Card And The Chip (January 12, 2015)” Revisited: The “Fondle Slab” Enslaves Us All (January 28, 2019) and Monitoring The Masses: The Card And The Chip (January 12, 2015) and many other e-commentaries.]

Bumper stickers of the week:

What happens when AI takes control of CDBCs?

Question to ChatGPT-4: What happens when AI takes control of CBDCs?

“When Artificial Intelligence (AI) takes over the management of Central Bank Digital Currencies (CBDCs), several potential consequences and benefits may arise. It is essential to note that the extent and nature of these outcomes will depend on the degree of AI integration, the specific AI system used, and how it is designed and implemented. Some possible effects include:

Improved efficiency: AI can help automate various processes related to CBDC management, leading to faster and more efficient transactions, reduced operational costs, and minimized human errors.
Enhanced monetary policy implementation: AI can analyze vast amounts of economic data in real-time, enabling central banks to implement monetary policies more effectively. By identifying trends and patterns, AI can help central banks make better-informed decisions to maintain economic stability.
Fraud and crime prevention: AI systems can identify suspicious transactions or patterns indicative of money laundering, terrorist financing, or other illicit activities, improving the overall security of the financial system.
Financial inclusion: AI-driven CBDC management can potentially help extend financial services to underbanked or unbanked populations by lowering transaction costs and making banking more accessible.
Tailored economic policies: AI can help central banks design and implement more targeted monetary policies by analyzing individual and regional economic data, leading to more effective and adaptive policy measures.
Risks and challenges: AI-driven CBDC management also comes with potential risks, such as privacy concerns, increased centralization, reliance on AI systems, and potential job displacement in the financial sector. Ensuring that AI systems are transparent, accountable, and secure will be crucial for addressing these concerns.
Ethical considerations: As AI takes over CBDC management, ethical concerns about algorithmic bias, transparency, and fairness must be considered and addressed to ensure that the system is fair and equitable for all users.

In summary, the integration of AI in the management of Central Bank Digital Currencies has the potential to bring numerous benefits to the financial system, including improved efficiency, enhanced monetary policy implementation, and increased financial inclusion. However, it is essential to address the potential risks and ethical considerations associated with AI-driven CBDC management to ensure a fair, transparent, and secure financial system.” ChatGPT-4

Make cash great again

“Meanwhile there is still some freedom left in the world. Many young people, it is true, do not seem to value freedom. But some of us still believe that, without freedom, human beings cannot become fully human and that freedom is therefore supremely valuable. Perhaps the forces that now menace freedom are too strong to be resisted for very long. It is still our duty to do whatever we can to resist them.” Aldous Huxley

e-commentary

Archive for the Central Bank Digital Currencies (CBDC) Category

Holographic Treasury Rates? The 500 Trillion Asset Steal? And Then The Great Taking? Oh, And Happy IRS Day! (April 14, 2025)

. . .

J “The latest antic seems to be an attempt to control the ten year Treasury rate, but that has other downside and inescapable consequences. There is no out for the pickle we are in.”

K “What if the yield reached an unacceptable 5.3 percent and they simply reported that it was a more palatable 4.2 percent or much more comfortable 3.1 percent? Who would know? Who would care? Some players would love the idea.”

J “That is the next frontier in the reality-free world of public finance. The unemployment figures are all a fraud. Inflation is intentionally and systematically underestimated. The Treasury yield could easily become a pliable and manipulated hologram.”

K “Someone may discover that they have decided not even to sell Treasuries but simply to report that they have sold Treasuries at a favorable yield.”

J “There is every reason and incentive for them to lie. There is no reason or incentive for them to tell the truth.”

. . .

J “And then what happens when they go forward with their scheme to steal and privatize 500 Trillion in land and minerals that we have always considered public and even sacred.”

K “They have stolen from and strip mined the middle class for forty years. The next step is to steal from and strip mine what is left of America.”

. . .

J “And then when the economic coup d’état envelopes everything and everyone, “The Great Taking” takes over and unleashes the final coup de grâce to take the remains of the economic carcass.”

K “I have said it before. The funny thing about the future is that it is so predictable.”

. . .

J “And the imposition of CBDCs as a Christmas present.”

. . .

Bumper stickers of the week:

2014: Fed regulated banks into buying Treasuries;

2015: Fed regulated money market funds into buying Treasuries; and

2018: Trump tax legislation incentivized U.S. pensions to buy Treasuries

The $20 Program (November 13, 2023)

CBDC (Central Bank Digital Currencies): The End Of Freedom, Privacy, Dignity, Sovereignty And Humanity. And What Happens When AI (Artificial Intelligence) Takes Over Control Of CBDCs? (April 17, 2023)

J “The government’s inevitable descent and devolution into a Central Bank Digital Currency (CBDC) means the end of freedom, privacy, dignity, sovereignty and humanity. Period.”

K “The government’s inevitable descent and devolution into a Central Bank Digital Currency (CBDC) means the end of humanity, sovereignty, dignity, privacy and freedom. Full stop.”

. . .

. . .

K “Someone said that a cashless society cannot be implemented unless a digital identification system is in place first. The digital identification system is the line in the sand that cannot be crossed.”

J “We are way over the line in the sand. And most folks have buried their heads in the sand.”

. . .

K “So few folks get it.”

J “Soon many folks will get it.”

. . .

. . .

What happens when AI takes control of CDBCs?

Make cash great again

“If there is a solution to a problem, there is no need to worry.
And if there is no solution, there is no need to worry.” Dalai Lama

Don’t worry. Be happy.

Pages

e-commentary

Archive for the Central Bank Digital Currencies (CBDC) Category

Holographic Treasury Rates? The 500 Trillion Asset Steal? And Then The Great Taking? Oh, And Happy IRS Day! (April 14, 2025)

. . .

J “The latest antic seems to be an attempt to control the ten year Treasury rate, but that has other downside and inescapable consequences. There is no out for the pickle we are in.”

K “What if the yield reached an unacceptable 5.3 percent and they simply reported that it was a more palatable 4.2 percent or much more comfortable 3.1 percent? Who would know? Who would care? Some players would love the idea.”

J “That is the next frontier in the reality-free world of public finance. The unemployment figures are all a fraud. Inflation is intentionally and systematically underestimated. The Treasury yield could easily become a pliable and manipulated hologram.”

K “Someone may discover that they have decided not even to sell Treasuries but simply to report that they have sold Treasuries at a favorable yield.”

J “There is every reason and incentive for them to lie. There is no reason or incentive for them to tell the truth.”

. . .

J “And then what happens when they go forward with their scheme to steal and privatize 500 Trillion in land and minerals that we have always considered public and even sacred.”

K “They have stolen from and strip mined the middle class for forty years. The next step is to steal from and strip mine what is left of America.”

. . .

J “And then when the economic coup d’état envelopes everything and everyone, “The Great Taking” takes over and unleashes the final coup de grâce to take the remains of the economic carcass.”

K “I have said it before. The funny thing about the future is that it is so predictable.”

. . .

J “And the imposition of CBDCs as a Christmas present.”

. . .

Bumper stickers of the week:

2014: Fed regulated banks into buying Treasuries;

2015: Fed regulated money market funds into buying Treasuries; and

2018: Trump tax legislation incentivized U.S. pensions to buy Treasuries

The $20 Program (November 13, 2023)

CBDC (Central Bank Digital Currencies): The End Of Freedom, Privacy, Dignity, Sovereignty And Humanity. And What Happens When AI (Artificial Intelligence) Takes Over Control Of CBDCs? (April 17, 2023)

J “The government’s inevitable descent and devolution into a Central Bank Digital Currency (CBDC) means the end of freedom, privacy, dignity, sovereignty and humanity. Period.”

K “The government’s inevitable descent and devolution into a Central Bank Digital Currency (CBDC) means the end of humanity, sovereignty, dignity, privacy and freedom. Full stop.”

. . .

. . .

K “Someone said that a cashless society cannot be implemented unless a digital identification system is in place first. The digital identification system is the line in the sand that cannot be crossed.”

J “We are way over the line in the sand. And most folks have buried their heads in the sand.”

. . .

K “So few folks get it.”

J “Soon many folks will get it.”

. . .

. . .

What happens when AI takes control of CDBCs?

Make cash great again

“If there is a solution to a problem, there is no need to worry.And if there is no solution, there is no need to worry.” Dalai Lama

Don’t worry. Be happy.

Pages

“If there is a solution to a problem, there is no need to worry.
And if there is no solution, there is no need to worry.” Dalai Lama