Cash Shortages entry Mechanism to CBDC

Look no further than Nigeria for how CBDC is introduced. According to Coin Desk Protests turned violent when the country experienced severe cash shortages. The solution the government wanted the citizens to adopt was eNaira. There were cash shortages in bank machines and at the ready for the solution was CBDC.

See how that works? Government introduces a problem: cash shortages. AND BOOM. look we have CBDC.

Primer for CBDC

1. it is programmable;

2. it can be programmed to expire;

3. it can be programmed for a geographical location only;

4. it can be programmed to be only used on THEIR GOODS AND THEIR Corporations;

5. think that the Federal Reserves are privately held;

6. it can be programmed to count the meat you’ve had, the dairy and the trips;

7. it can help them meet your SUSTAINABILITY GOALS YOU didn’t vote for;

8. it can work as an instant tax for saying Truck Foudeau;

9. it is social credit- not money;

10. it eliminated wealth accumulation through hard work and replaces that with being a softy for oppression

    

The elephant in the room: Control, Privacy, and Social Credit Score Implementation.

Was the inconvenience the reason for the riot or did citizens implicitly reject the China CCP model of control?

‘Nigeria is struggling with severe cash shortages, with riots erupting across the country just days before a presidential election – but people are still not turning to the national digital currency, the eNaira, which promised to improve retail payments.

The digital iteration of the naira, which was issued by the Central Bank of Nigeria in October 2021, hasn’t had the most impressive start and adoption has been slow. But even if people in Nigeria wanted to turn to the eNaira, transaction options with the central bank digital currency, or CBDC, are limited.

“They want to put it out there to get people to use it, but people don't have enough places to use it,” said Nigerian native Adesoji Solanke, a director at Renaissance Capital, an emerging and frontier markets-focused investment bank that has a branch in Nigeria.

There may be a dearth of merchants willing to accept the eNaira, according to London-based Varun Paul, CBDC and market infrastructure director at institutional crypto custody platform Fireblocks. Paul, who previously worked at the Bank of England as an economist and head of its fintech hub, is now leading Fireblocks’ efforts to build out infrastructure for CBDC integration.

“So you have this chicken and egg problem,” he said.”

How are they working this in the WEST? by paving the way significantly through attrition of non transnational shopping experiences.

So when you manage to get rid of small ma and pa businesses, and replaced these with international corporations, like we have done over covid in the western world, do you get the Merchant adoption that was the issue in Nigeria.

I would say USE CASH even if it is one bill in all your transactions. 180 in groceries? make them take a fiver first then use your visa. Same with gas same with every transaction. INSIST. Be inconvenient and use your purchasing power. Line up now. CASH IS KING, QUEEN AND EVERYTHING IN BETWEEN. It is your autonomy and it is your ability to control your destiny. Points schmoints. OINK OINK. What you get in shares towards a keureg, you lose for your children. NO longer worth it. Use a fiver.

IT IS PRIVACY, AUTONOMY AND YOU IN CONTROL.

Cash shortages

“At the end of 2022, outgoing President Muhammadu Buhari’s government decided to change the currency design and swap out old bank notes for new ones. The slow changeover caused ATMs to dry out quickly, and the government placed limits on withdrawals.

The country’s $220 billion informal economy stalled, and as the crisis worsened, the already weak naira fell even further against the U.S. dollar on the local forex black market.

Nigeria’s informal economy thrives on cash, and so cash shortages have left everyone from street vendors to bus drivers frustrated, Solanke added.

While protests in Nigerian cities turned violent, citizens also took to Twitter to complain about not being able to access basic necessities like fuel or food without cash.”

Other solutions may be prepaying some of your bills, and stock pilling some items. But mostly start a Cash Renaissance. Educate your fellow man. I say man all the time now. Because I’ve seen the influence of words being curated to correct. Man I hate that.

We need also to realign the debate on CBDC. It is not what they are looking at (ie inclusiveness) but PRIVACY, WEALTH, SOCIAL CREDIT, CONTROL, AUTONOMY, MOVEMENT. ALL.

LIKE ANY GOOD NARRATIVE SPIN THEY DISCUSS AB NAUSEUM THE THING THAT DOESN’T MATTER AND CALL IT A DAY. BY FILLING THE AIR TIME, we do not get to say. So say. Say it all the time.

Love your life so much that you can use cash shopping in all transactions. Don’t be groomed into their little slave-bot-status. YOU GOT THIS! together We have this!!!