World Economic Forum (WEF) members are celebrating the emergence of “digital cash” as governments around the globe prepare for “cashless societies.”

During the WEF’s “Summer Davos” event in China last month, attendees were buzzing about the advancement of Central Bank Digital Currencies (CBDCs).

Over 1,500 government, corporate, and academic leaders, including a large delegation from Saudi Arabia, gathered for the WEF summit in Tianjin, China on June 27–29.

The main topic of discussion during the three-day conference, also called the Annual Meeting of the New Champions, was how the WEF’s agenda can be amplified in “cashless societies” through the use of CBDCs.

Chinese Premier Li Qiang kicked off the summit with an address in which he called for more globalization.

The second-ranking member of the Chinese Communist Party also warned there will be more public health crises, which he suggested will bring new opportunities to advance the globalist agenda.

“COVID-19 will not be the last public health crisis humanity faces,” said Qiang.

“Global public health governance needs to be enhanced.”

Other notable moments included a panel discussion titled “China’s Economy: The Big Rebound?” during which Cornell Professor Eswar Prasad advocated for governments using CBDC to control citizens’ purchases.

As Slay News reported, Prasad gloated that a “digital dollar” could be used to strip Americans of their Second Amendment rights by blocking them from buying “ammunition” and other “less desirable items.”

A CBDC is a digital currency issued and governed by a central bank.

In the case of the United States, a CBDC would be a digital currency issued and controlled directly by the Federal Reserve.

A CBDC would replace cash for all transactions and be controlled by the central bank.

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