086 - Efrat Fenigson: Preparing for Central Bank Digital Currencies

Episode • Jul 12, 2024 • 1h 20m

CBDCs, Bitcoin, China, Alipay, Wechat, Thailand, Personal Carbon Allowance, Universal Basic Income, Carbon Credits, Freedom, Monetary Collapse, Carbon Markets.

Timothy Allen talks with Efrat Fenigson.

Todays show is an important one if, like me you value individual freedom and prosperity. Efrat Fenigson is a journalist and marketing expert who I sat down with in Prague a few weeks ago to talk everything CBDCs (Central Bank Digital Currencies).

CBDCs, as the name suggests are programmable digital tokens issued directly from a country's central bank. Don’t think that’s a problem? I do, but don’t just trust me. Here’s how Agustín Carsten, the general manager of the Bank of International Settlements framed it a couple of years ago whilst he was talking about physical cash: "A key difference with the CBDC.. is that the central bank will have absolute control over the rules and regulations that will determine the use of that expression of central bank liability.”

Yes, that’s right, it's programmable money issued solely by the creepy psychopathic banking overlord types. That’s my characterisation of course, but I’ve linked that particular speech in the show notes below so you can take a look to see if you would trust this guy as the issuer and controller of your money.

Fortunately for us, since 2008 we have had an antidote to this sociopathy. That would be bitcoin of course, so don’t despair but it is important for you to prepare yourself for what is almost certainly coming along with CBDCs.

Topics we touch upon include marketing CBDCs to the public, the Covid crisis, social credit scores, Alipay, WeChat and what's going on in China plus the arrival of personal carbon allowances and the possibility of a global financial collapse in our lifetimes.

Enjoy the conversation.

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TIMESTAMPS

0:30 - Introduction.

6:14 - How are CBDCs being marketed to the general public?

18:40 - How aware are Central Banks of public sentiment towards CBDCs?

23:59 - China's digital Yuan and its integration with Alipay and Wechat.

30:39 - What are the concerning characteristics of CBDCs?