Digital Currency

Stephen_Spencer said:

You posted this. It is disinformation.

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I hesitated posting, as I suspected that I would be attacked; there is a reason why very few contribute to this conversation and others like it.

I won‘t post again.

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I've removed the mis/dis information picture that was written by the author Dr John Coleman ...So I stand corrected....But since Klaus sings from the U.N song sheet its easy to be mistaken for the agenda that he is currently pushing and also by his "past" and "present" associates.
If you want to comment on what I said full ya boots mate...I don't look at discussion as a attack so look i forward to your view about what I said opposed to the removed picture..cheers

I agree 100% with your right to read, digest and divulge whatever information you choose.
I really don’t have the energy nor fortitude to comment in detail, especially in this age of ever shifting ‘truth’!

I lost an old friend recently. He didn’t die but his belief system (and mine I suppose) made it difficult for us to spend time together. Until recently he was still living in a caravan with his young family, couldn’t fly home because he wouldn’t vax (his choice of course), will not trust a bank with his finances or a doctor with his families health; apparently they are all ‘bought and paid for.’ And much more extreme views I wouldn’t share here. He is suffering from confirmation bias and has lost his ability for critical thinking. No matter how many times a completely false article was pointed out to him as such, he would not even acknowledge the possibility that his opinion or beliefs may be flawed in any way.

My apologies for crashing into your long-standing thread. I apologise because I really don’t want to debate digital currency or The Great Reset. Nor am I trying to infer that you are like my friend, merely the importance of maintaining the ability for critical thinking. It has never been more difficult.

Ref your article Daily Telegraph NZ. Do we believe the news as presented by Malcolm Dreaneen or David Farrier.

"I hesitated posting, as I suspected that I would be attacked;"


Another indelible earmark. To wildly over state the actions of someone with differing views.

Stephen_Spencer said:

I agree 100% with your right to read, digest and divulge whatever information you choose.
I really don’t have the energy nor fortitude to comment in detail, especially in this age of ever shifting ‘truth’!

I lost an old friend recently. He didn’t die but his belief system (and mine I suppose) made it difficult for us to spend time together. Until recently he was still living in a caravan with his young family, couldn’t fly home because he wouldn’t vax (his choice of course), will not trust a bank with his finances or a doctor with his families health; apparently they are all ‘bought and paid for.’ And much more extreme views I wouldn’t share here. He is suffering from confirmation bias and has lost his ability for critical thinking. No matter how many times a completely false article was pointed out to him as such, he would not even acknowledge the possibility that his opinion or beliefs may be flawed in any way.

My apologies for crashing into your long-standing thread. I apologise because I really don’t want to debate digital currency or The Great Reset. Nor am I trying to infer that you are like my friend, merely the importance of maintaining the ability for critical thinking. It has never been more difficult.

Ref your article Daily Telegraph NZ. Do we believe the news as presented by Malcolm Dreaneen or David Farrier.

Bad News: the anatomy of dodgy news

They're sites built to spread under the guise of freedom, transparency & honesty. They're the opposite.

www.webworm.co

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No need to apologize...I'm sure you & your friend will sort things out ....been alot of social division in the last couple of years that has caused alot of animosity/anxiety due to differing views of people's principles & beliefs ...that were generally brought on by the mandates etc....it kind of makes ya think they achieved their goal....
I still have not seen much evidence of their global "Build Back Better" campaign working for humanity so far but I guess that's just my opinion.
Cheers

Davos 2023: CBDCs Are the Future of Central Bank Money but They Are Still Not Ready​

A World Economic Forum (WEF) panel comprised of central bankers and global tech providers has profiled central bank digital currencies (CBDCs) as the future of central bank money, presenting them as one of the solutions for limitations in the payments sector today. However, they have also stated these present several limitations still to be addressed.

WEF Panel Explains Advantages of CBDCs​

A central bank digital currency panel, part of the World Economic Forum (WEF) Davos meetings, stressed it has high expectations for central bank digital currencies (CBDCs) as part of the future of central bank money.
The panel, consisting of central bankers like Julio Velarde, governor of the Central Bank of Peru, Lesetja Kganyago, governor of the South African Reserve Bank, and Amir Yaron,
governor of the Central Bank of Israel, noted several supposed advantages these new financial tools might present, but also highlighted the difficulties in implementing them efficiently.
Governor Velarde explained that, in his opinion, CBDCs are rising as a solution for payments and credit that goes beyond banking integration. To him, the implication of central banks in building these tools has to do with establishing standards and also integrating private banks into the loop, while providing financial inclusion to people still out of the traditional banking system. About this, he stated:

We have learned the hard way that revolution has to come from the central banks. We don’t know the way in which CBDCs will be implemented… but we are looking closely at what will happen around the world.

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Governor Amir Yaron explained that payments are now part of the forefront of the financial markets, and that is why central banks are currently interested in this. To Yaron, CBDCs could have a transitional function between the digital world and private bank institutions. He stated:

We are seeing faster payments, smart contracts, e-money, crypto assets, and stablecoins, and CBDC is a public good that can be complementary but can also crowd out some of these things. CBDC could be the bridge between the new digital economy and the standard economy.

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Israel has been experimenting with CBDCs. Their central bank is part of Project Icebreaker, which involves cross-border CBDC-based payment between Israel, Norway, and Sweden with the collaboration of the Bank of International Settlements (BIS).

A Smarter Solution, With Caveats​

For governor Kganyago, one of the main issues for more than 100 banks at worldwide levels to be studying CBDCs, is to breach the digital gap involving new kinds of money, like cryptocurrency, that is currently rising as an alternative to central bank-issued money, and modernizing payments systems.
In this sense, he believes that the environment is changing and some central banks consider they need to change with it, and offer these digital alternatives. For Kganyago, ultimately, there needs to be a national discussion on the demand side, where the big issues have to do with public choice on the usage of CBDC.
He concluded by explaining that the problems of the implementation of CBDCs for national and cross-border payments will lie more on the regulatory side than on the technological side, as these will need to comply with the regulations of several jurisdictions from all over the world.

TAGS IN THIS STORY​

Amir Yaron, bank of israel, CBDC, central banks digital currencies, Davos, julio velarde, Lesetja Kganyago, South African Reserve Bank, WEF, World Economic Forum
What do you think about the role that CBDCs might play in the future of bank-issued money? Tell us in the comment section below.

Sergio Goschenko​

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

Meanwhile, back in the (un)real world:


'It also found the bottom 40% of the income scale – some 27 million people – receive an average of £23,000 per year in cash benefits and ‘benefits in kind’.

Can someone point me to the end of that queue, please..

Until the layabouts end up on the streets, nothing will change.

EstuaryBoy said:

Meanwhile, back in the (un)real world:

Record number of Britons dependent on the state – analysis

The Government wants to revamp the benefits system to boost employment numbers that have not returned to pre-pandemic levels amid labour shortages.

uk.news.yahoo.com

'It also found the bottom 40% of the income scale – some 27 million people – receive an average of £23,000 per year in cash benefits and ‘benefits in kind’.

Can someone point me to the end of that queue, please..

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The other scary thing about that statistic is that the entire U.K. economy is supported by only 60% of income earners…!

grandpaul said:

Until the layabouts end up on the streets, nothing will change.

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One caught, but how many slip through the net?

EstuaryBoy said:

One caught, but how many slip through the net?

Builder who tried to claim £500,000 over work injury caught walking and carrying daughter

A builder who tried to claim £500k for a work injury that he said left him confined to bed was caught out walking, shopping and carrying his daughter on his shoulders, a court heard.

uk.yahoo.com

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Way too many. But these aren't the people I'm talking about. It's the theives that rob us every year to buy votes, by paying layabouts to stay home and spend our tax dollars instead of being productive.

A long-term illness crisis is threatening the UK economy​

Snippet
LONDON — Along with sky-high inflation and energy costs, a Brexit-related trade tailspin and a recession in progress, the U.K. economy is being hammered by record numbers of workers reporting long-term sickness.

The Office for National Statistics reported that between June and August 2022, around 2.5 million people cited long-term sickness as the main reason for economic inactivity, an increase of around half a million since 2019.

The number of “economically inactive” people — those neither working nor looking for a job — between the ages of 16 and 64 has risen by more than 630,000 since 2019. Unlike other major economies, recent U.K. data shows no sign that these lost workers are returning to the labor market, even as inflation and energy costs exert huge pressure on household finances.

The U.K. avoided mass job losses during the Covid-19 pandemic as the government’s furlough program subsidized businesses to retain workers. But since lockdown measures were lifted, the country has seen a labor market exodus of unique proportions among advanced economies.

KiwiShane said:

A long-term illness crisis is threatening the UK economy​

Snippet
LONDON — Along with sky-high inflation and energy costs, a Brexit-related trade tailspin and a recession in progress, the U.K. economy is being hammered by record numbers of workers reporting long-term sickness.

The Office for National Statistics reported that between June and August 2022, around 2.5 million people cited long-term sickness as the main reason for economic inactivity, an increase of around half a million since 2019.

The number of “economically inactive” people — those neither working nor looking for a job — between the ages of 16 and 64 has risen by more than 630,000 since 2019. Unlike other major economies, recent U.K. data shows no sign that these lost workers are returning to the labor market, even as inflation and energy costs exert huge pressure on household finances.

The U.K. avoided mass job losses during the Covid-19 pandemic as the government’s furlough program subsidized businesses to retain workers. But since lockdown measures were lifted, the country has seen a labor market exodus of unique proportions among advanced economies.

A long-term illness crisis is threatening the UK economy

The number of "economically inactive" people — those neither working nor looking for a job — between the ages of 16 and 64 has risen by over 630,000 since 2019.

www.cnbc.com

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When you’ve paid people to stay at home and do nothing for so long, you screw up their sense of worth and work ethic.

When you'vebeen paid to stay at home… actually getting up and going to work… for like the whole day… for like 5 consecutive days… like forever… like that hurts my feelings…

Fast Eddie said:

When you’ve paid people to stay at home and do nothing for so long, you screw up their sense of worth and work ethic.

When you're been paid to stay at home… actually getting up and going to work… for like the whole day… for like 5 consecutive days… like forever… like that hurts my feelings…

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The new Normal had its casualties
and now we are living with the consequences of those policies.

KiwiShane said:

The new Normal had its casualties
and now we are living with the consequences of those policies.

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And it was all absolutely predicted.

Fast Eddie said:

The other scary thing about that statistic is that the entire U.K. economy is supported by only 60% of income earners…!

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Yup, and our shoulders are goddamned SORE from pulling the cart those slackers are riding in.

Prepared/Predicted....Event 201..
OCTOBER 2019

Morgan Stanley Fines Employees Up To $1mn For WhatsApp

American bank Morgan Stanley has fined employees between several thousand to more than $1 million for conducting work correspondence on WhatsApp and other instant messengers, the Financial Times reports.

Morgan Stanley paid $200 million to the Securities and Exchange Commission and Futures Trading Commission a year ago for employees using unauthorized messengers for business correspondence.

US regulators require banks to ensure that employees' messages are properly stored. Instant messengers such as WhatsApp and Signal can automatically delete information after a certain period of time.

The Fed Scrambles to Tame High Inflation After Being Wrong In Forecasts

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