An agent of the World Economic Forum (WEF) has gloated that one of the “benefits” of “digital cash” is that governments can control what citizens can and can’t pay for.
During the WEF’s recent Annual Meeting of the New Champions in Communist China, Tolani Senior Professor of Trade Policy at Cornell University Eswar Prasad gave a chilling insight into the rationale behind the globalist elite’s interest in pushing toward a cashless society.
Prasad spoke about the coming Central Bank Digital Currencies (CBDCs) and how unelected authoritarians will be able to control the public by managing the regulation of society’s spending.
According to Prasad, a top economics expert and former International Monetary Fund (IMF) official, the coming CBDC-only cashless society will be regulated to ensure that people comply with what is considered to be “desirable.”
Prasad spoke at the gathering, also known as “Summer Davos,” bluntly stating the “benefits of digital money” include the “programmability” of citizens.
For example, the government could control what products citizens are allowed to purchase with digital currencies.
He gloated that people will be blocked from buying “less desirable” items such as “ammunition.”
Prasad said, “The government decides that units of central bank money can be used to purchase some things but not other things that it deems less desirable like say, ammunition or drugs or pornography or things of the sort.”
PERCEPTION RESET 