I do wonder how banks 'know' what you're purchasing. Surely only the establishment and transaction amount is passed, so if you're in a department store, it could be almost anything?
I do wonder how banks 'know' what you're purchasing. Surely only the establishment and transaction amount is passed, so if you're in a department store, it could be almost anything?
At the moment, the bank doesn’t know details. Prior to the transaction, the merchant only wants to know that you’re good for the money.
With exceptions, that’s all there is, very little is denied to me but not to you (if anything). It’s not in real time. So the bank can’t compare what I did earlier with what is proposed right now.
They use algorithms mostly to minimise suspicious transactions. Can’t be used to individually torture you!
Reconciliation is once daily, between member banks who use one central bank.
With CBDCs, full details are exchanged with the CB prior to the transaction. Individual digital approval or denial is simple, via an algorithm.
This is in real time.
It’s end times for retail banks, by the way. They don’t mind because they aren’t profitable in uk where “free banking” is the model for almost everyone. Of course they just treat poorer customers worse in order to not lose money.
If I can get my act together in time, I plan to purchase silver & gold coins in very large amounts.
I expect bank deposits to be haircut / stolen & only to be spent via digital ID & algorithm CDBC.
I don’t kid myself this is viable for long term but I don’t plan to live long after such a totalitarian system is in place.
That’s because I’m pretty sure I know what’s coming. Ask yourself WHY they are doing this. I expect degradation & ultimately massed killing is the answer. Not necessarily everywhere, but in Europe & probably North America too.
If I was the super elites, hell bent on depopulation, consider this question: is it easier halving the population in every location or deleting the population entirely in selected areas? Obviously the latter. Easier to explain away, too.
So unless you think these people are benign totalitarians, they intend to do something very bad with the total power they’re about to get.
Finally, it’s not as if there are no clues. For decades, they’ve paid to create a false narrative of global overpopulation. The antecedents of several key figures were themselves eugenicists. The Georgia Guidestones feature 500 million as the target human population.
There are so many hints, clues, prior actions & deductions from clear evidence that I’d need persuading that they don’t intend depopulation.
For the transaction contents to be transmitted to the CB before it completes, the merchant would have to integrate their systems to quite an extensive level and to a published standard. Unless they saw the economic benefit or were compelled by law to do it, why would they? I recognise the dangers, and think this can only happen by legal imposition. The public reaction to the loss of cash would likely be strong enough to oust whatever government imposed the CBDC at the next GE. Maybe that's what has to happen for those who think they control us to realise untimately they don't.
They’ll be compelled by law & only large retailers can do it swiftly.
I agree there is work yet to do but I’ve no concept of what this involves & to what extent they could they enact a less than perfect system & then refine it in situ.
I do wonder how banks 'know' what you're purchasing. Surely only the establishment and transaction amount is passed, so if you're in a department store, it could be almost anything?
At the moment, the bank doesn’t know details. Prior to the transaction, the merchant only wants to know that you’re good for the money.
With exceptions, that’s all there is, very little is denied to me but not to you (if anything). It’s not in real time. So the bank can’t compare what I did earlier with what is proposed right now.
They use algorithms mostly to minimise suspicious transactions. Can’t be used to individually torture you!
Reconciliation is once daily, between member banks who use one central bank.
With CBDCs, full details are exchanged with the CB prior to the transaction. Individual digital approval or denial is simple, via an algorithm.
This is in real time.
It’s end times for retail banks, by the way. They don’t mind because they aren’t profitable in uk where “free banking” is the model for almost everyone. Of course they just treat poorer customers worse in order to not lose money.
If I can get my act together in time, I plan to purchase silver & gold coins in very large amounts.
I expect bank deposits to be haircut / stolen & only to be spent via digital ID & algorithm CDBC.
I don’t kid myself this is viable for long term but I don’t plan to live long after such a totalitarian system is in place.
That’s because I’m pretty sure I know what’s coming. Ask yourself WHY they are doing this. I expect degradation & ultimately massed killing is the answer. Not necessarily everywhere, but in Europe & probably North America too.
If I was the super elites, hell bent on depopulation, consider this question: is it easier halving the population in every location or deleting the population entirely in selected areas? Obviously the latter. Easier to explain away, too.
So unless you think these people are benign totalitarians, they intend to do something very bad with the total power they’re about to get.
Finally, it’s not as if there are no clues. For decades, they’ve paid to create a false narrative of global overpopulation. The antecedents of several key figures were themselves eugenicists. The Georgia Guidestones feature 500 million as the target human population.
There are so many hints, clues, prior actions & deductions from clear evidence that I’d need persuading that they don’t intend depopulation.
For the transaction contents to be transmitted to the CB before it completes, the merchant would have to integrate their systems to quite an extensive level and to a published standard. Unless they saw the economic benefit or were compelled by law to do it, why would they? I recognise the dangers, and think this can only happen by legal imposition. The public reaction to the loss of cash would likely be strong enough to oust whatever government imposed the CBDC at the next GE. Maybe that's what has to happen for those who think they control us to realise untimately they don't.
They’ll be compelled by law & only large retailers can do it swiftly.
I agree there is work yet to do but I’ve no concept of what this involves & to what extent they could they enact a less than perfect system & then refine it in situ.