In a recent insightful discussion, Ben Armstrong shared key points from his captivating interview with the esteemed Economist Lynette Zang. Together, they unravel the realities and misconceptions surrounding central bank digital currencies (CBDCs). Below are the crucial insights gleaned from their dialogue. You can watch Ben Armstrong’s new video below.
CBDCs: An Inevitable Reality
Lynette Zang unequivocally confirms, “100% CBDCs are coming to the world,” highlighting the unstoppable march towards digital currencies. Regardless of political assurances, the groundwork for CBDCs has been laid, and their implementation seems imminent.
The New Financial Era: What It Looks Like
The transition to a CBDC system marks a drastic shift. Zang explains, “What they want is full surveillance,” envisioning a future where the population’s financial activities are meticulously monitored. She compares this to a return to feudal times, emphasizing how a select few will dominate, and the masses will be forced to conform.
Historical Context and Intentional Moves
Reflecting on historical monetary changes, Zang mentions, “The current system is dead.” The financial collapse of 2008 was a pivotal moment, marking the beginning of the end for the current economic system. She believes that the departure from the gold standard in 1971 wasn’t a haphazard decision but a calculated move orchestrated by influential banking families.
The Universal Currency: Global Control Mechanism?
Discussing the possibility of a universal CBDC, Armstrong questions, “Is this the One World Currency that has been predicted for years?” Zang concurs, suggesting that global financial elites have stealthily shepherded this transition for decades.
Public Manipulation and Monetary Transitions
Zang reveals the strategy behind introducing new financial systems, saying, “We just get the public comfortable and used to it and then we make the transition.” By allowing initial public profit, the system garners acceptance, making the eventual shift less perceptible but more encompassing.
Lessons from Historical Economic Shifts
The duo retrospectively examines past financial shifts, like the establishment of the Federal Reserve and the ensuing economic booms and busts. Zang states, “Once you see it, it is so silly.” The manipulative patterns become apparent, hinting at future economic upheavals masked as natural progressions.
Preparation for the Financial Future
In closing, Zang touches on her personal preparations for the impending changes, emphasizing essentials like, “Food, Water, Energy, security, barter ability, wealth preservation, community, and shelter.” Recognizing the pain these transitions can bring, she speaks on the importance of readiness and self-reliance.