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Buffalo_Ken's avatar

One last one - and this one was staged I think....

just like so much is these days - but some of us know better and we are none to pleased.

Central effing bankers are on notice.

https://www.youtube.com/watch?v=VnBc8KKU85c

we know...

https://winepressnews.com/2022/11/16/federal-reserve-launches-12-week-cbdc-pilot-program-with-major-banks/

and another...

https://www.imf.org/en/News/Articles/2021/11/15/na111621-five-observations-on-nigerias-central-bank-digital-currency

and another again about FAILURE

https://www.coindesk.com/consensus-magazine/2023/03/06/nigerians-rejection-of-their-cbdc-is-a-cautionary-tale-for-other-countries/

Hey P&S (a smile towards you direct) - you know I could go on - I could keep posting more links, keep making edits endless but principles stand strong. You are incorrect if you think I'm pulling my punches - the game has gotten serious - I play to win, and I play for my family when it gets serious I don't play for kicks, and if you think you (not "you" direct I hope you know) are going to prevail with ideas harmful to innocence I would say to the central bankers then you must not have any idea about the forces out there so much stronger and fearsome to say the least.

Fearsome and fearless - the pack will prevail and eff the central bankers who cause harm.

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Buffalo_Ken's avatar

I'm not going to argue with this from the article:

~~~

"If this can be achieved, the China model of sophisticated, centralised command and control of their volumes of physical cash in circulation and of their financial system (effectively a system of semi-private banks that provide credit money upon command) combined with a free-wheeling, entrepreneurial real economy will be fully confirmed as superior to the Western model."

~~

But and this is a BIG but, just because you are better than a "corrupt system as it is now from the inside out" ain't saying much. There are better systems for economic development just around the corner. Consider Schumacher as one who elucidated this in the 1970's I think it was in his seminal work:

"Small is Beautiful"

~

So, applause for China, but central control is a dead end road and I can prove it.

BK

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