Another government shoves CBDC DOWN CITIZENS throats

“The Bahamian government will soon start forcing commercial banks to distribute its central bank digital currency (CBDC). Known locally as the Sand Dollar, the CBDC accounts for less than 0.41 percent of the currency in circulation and the Central Bank of The Bahamas reported that the CBDC has been used less and less as time goes on. Facing similar circumstances, any private business would likely be preparing to go out of business. The central bank, however, seems to have other plans in mind.

After an interview with Central Bank of the Bahamas Governor John Rolle, Reuters reporters Elizabeth Howcroft and Marc Jones described Rolle’s stance, writing, “With [CBDC] take-up still limited, carrot was turning into stick and commercial banks were now being told of regulations that will effectively force them to distribute [the CBDC].”

https://www.cato.org/commentary/bahamians-didnt-want-cbdcs-so-now-theyre-being-forced-use-them

In other words, the central bank rolled out a CBDC, but people were not interested. In an early attempt to spur adoption, the central bank offered a “carrot” in the form of rebates given in return for topping up CBDC wallets and spending the CBDC in stores. Yet, it still was not enough to spur mass adoption. Therefore, the government is setting the carrots aside and pulling out the stick of regulation to force banks to distribute the CBDC.

Regulators in the Bahamas are sick of their citizens’ reluctance to adopt a CBDC, so they’re forcing commercial banks to get on board.

We have seen this type of behavior before.

In Nigeria, the central bank was facing abysmal CBDC adoption of just 0.5 percent. In an initial bid to sweeten the deal and encourage adoption, the central bank announced that there would be discounts on cab fare. When that didn’t work, it was announced that cash would be pulled from the streets so that new notes could be issued. Any remaining notes that failed to be exchanged would expire in just two

The scheme resulted in a cash shortage that led to protests and riots in the street, but it was ultimately celebrated by the Central Bank of Nigeria when CBDC adoption rose from 0.5 to 6 percent after people had nowhere else to turn.

Although the Central Bank of The Bahamas is taking a less drastic approach than the Central Bank of Nigeria, it still showcases a fundamental difference between endeavors in the public and private sectors.

In the private sector, someone might open a shop only to learn their services are not right for the market they are in. For instance, a snowboarding shop is unlikely to do well in the middle of The Bahamas. With no customers coming in the door, the shop will either close down or pursue a new business model. However, pursuing a new business model will also require convincing investors to volunteer funds to support the new venture. Failure to make a compelling case will mean the end of the business.

The experience in the public sector is a different story. Government projects are not so quick to shut down. First, unlike in the private sector, no one is volunteering the funds to support the project. The profit model that guides resources in the private sector to where they are most valued is instead replaced with the values of government officials.

Second, the government has an unmatched ability to resort to force. The Nigerian government forced cash off the streets and now the Bahamian government is planning to force banks to distribute the CBDC. No business has this sort of power.

No business is forcing people to use Bitcoin, Ether or any other cryptocurrency. Even Ripple — a company working with several central banks to develop CBDCs — is not able to force people to use its own cryptocurrency, XRP. Yet, despite CBDCs being around for only a few years, there are now two clear examples of two vastly different governments resorting to some form of force.

As a general rule, central bankers (and all government officials) would be wise to remember that if something has to be forced, it’s probably not a good idea in the first place. CBDCs are no exception to this rule.”

https://www.cato.org/commentary/bahamians-didnt-want-cbdcs-so-now-theyre-being-forced-use-them

How kind can this dude write. Let's point blank talk about the ways the currency can be programmed.

1. To expire.

2. With negative interest rates.

3. To prevent wealth accumulation.

4. To work with schemes of instant taxation.

5. To be a tool for social credit.

6. To be removed for protest, dissent, belief in God, speech, insert thing they don't like…like failure to continually obtain SAFE AND EFFECTIVE BOOSTERS ( and other random letters assembled that carry homonym antonym meanings).

7. To work on designated products only.

8. To work on the goods and economy OWNED by the central bankers. Oh come on why wouldn't they close every thing into their seamless grid. Does greed work any other way.

9. To work in a geographical location.

10. Not to work on meat or dairy or food planted and harvested by farmers.

Do you design a Lamborghini and ride it like a jalopy.

This takes us from a rights based system to a permissive system.

So what is this.

Feudalism.

All at the top power aggregates and the rest are the slave state.

Remember THEY DESIGNED CRT AND DIE for interim control in order to line people up in the rows. That is an integral beast to take down. IT IS A SPEECH PROGRAM.

Communism.

Agree with THE PARTY and keep your trickle of phantom cash.

Darwinism.

So long as you are useful you live. But really do you procreate. Careful not to break a bone. Ai health care is not face to face.

Euthanasia when utility ceases is Equity.

Inclusion is the only reason they have mustered as the reason to do this.

I read that as a net no one can escape.

At least adoption is low.

Get off Facebook. Don't make content for a censor.

End relationships with PayPal. Don't enrich a financial censor.

Entrepreneurs exist.

We need an alternative Hollywood. Build it. It will be fabulous.

We need fintech that protects nationalists.

We need alternatives to the professional bodies wrapping up speech and the right to earn a living.

These are opportunities for the right blend of brains and capital.

And we need to take down the cameras. All the watching is using ENERGY at unfathomable scales.

The US and other oecd countries are running into a debt servicing wall.

Will this be the cbdc transfer point.

TAKE DOWN THE BEAST.