Global Central Banks Make Another Move Towards the Planned Cashless Society

Global Central Banks Make Another Move Towards the Planned Cashless Society

October 26, 2020 – Global central banks are making another move towards their planned cashless societies.

David Lin with Kitco News reports “Fed Chair: 80% of Global Central Banks Considering Digital Currencies” that describes the latest efforts by the world financial elites:

At a panel hosed by the International Monetary Fund earlier this week, Federal Reserve Chair Jerome Powell said that 80% of central banks around the world are exploring the idea of issuing central bank digital currency (CBDC), although the U.S. Fed has not made a decision to follow suit at this time.

Powell’s statement echoes a research report released by the Bank for International Settlements (BIS) in January which stated that currently 80% of central banks are engaged in developing in CBDC, up from 70% last year.

Earlier in October, the ECB has issued statements saying that it is considering using a digital euro to supplement a cash-based euro.

‘A digital euro would preserve the benefits that the euro provides to all of us. It would help to deal with situations in which people no longer prefer cash,’ the ECB said in a written statement on their website. ‘It would help cushion the impact of extreme events – such as natural disasters or pandemics – when traditional payment services may no longer function. It could also be crucial if people were to turn to foreign digital means of payment, which might undermine financial stability and monetary sovereignty in the euro area.’

Fabio Panetta, Member of the Executive Board of the ECB, wrote in a blog post that central banks, including the ECB, should be prepared to adapt to a cashless system, which is the direction that society is headed.

‘The report concludes that we should be ready to issue a digital euro if and when developments around us make it necessary. This means that we already need to be preparing for it. In the coming months, we will listen and experiment so that we are in a position to take a fully informed decision on the possible development and launch of a digital euro,’ Panetta said.

David Erfle, founder of, said that the ECB has no choice but to issue digital, or alternative currencies, because there is still a large amount of debt in the Euro Area that needs to be consolidated.

‘I just know that the financial situation that they find themselves in as far as debt is concerned, leaves them no choice,’ he said. ‘Now, they’re basically forced to, because they realize that there’s no possible way that governments of these major economies can continue to borrow at these ridiculously low levels of interest rates, but the greater problem is that all the past debt cannot be continuously rolled over because there’s no buyers.’ – David Lin, Kitco News

The way they are trying to sell this to people is really disgusting, pretending this is a charitable thing to help “cushion” the impact of things like a “pandemic” or sudden job loss. The people behind this move – the financial elites of Davos and the IMF – are the same people who are behind the so-called fourth industrial revolution and planned obsolescence of thousands of jobs they want to outsource to Artificial Intelligence (AI) manufacture. The International Monetary Fund offered loans to third world countries which couldn’t afford them, and when they defaulted – took over all their natural resources and depleted them for commercial gain.

Here is the CEO of Bank of America talking about this planned move towards a cashless society back in 2019, before the so-called “pandemic” outbreak. Those of us who have studied the market, specifically market cycles and have spoken to high level bankers, understand that nothing like this happens without being planned well in advance.

Here we have a publication of the elite’s Forbes, that is forecasting their plans under the guise of blaming the “pandemic” for a trend. They admit they were planning decades ago. They are literally telling you what they are going to be rolling out.

Millions of Americans don’t have bank accounts, which can create difficulties and hardships in normal times—but until recently, Americans were typically able to pay for goods and services in cash.  

However, many businesses have gone cashless in order to simplify their Covid-era operations and reduce risk to employees, even though the risk of transmitting the virus through cash is believed to be low. And while the majority of small business owners (82%, according to a June 2020 report from Square), are still accepting cash payments, those who have gone cashless may present challenges to unbanked individuals.

Many experts believe that Covid-19 has accelerated a trend that was already underway—a shift to a cashless society. What is being done to bridge the financial gaps for unbanked Americans? And what are local, state and federal leaders doing to help these communities who may be left behind in a cashless world? – Forbes

Before the bankers can roll out their banker dictatorship, aka the “great reset” they need to get these millions of Americans into the system.

What is the Goal?

So you may be asking yourself, what is the goal of all this? Well, allow me to break it down for you.


But don’t worry, they claim this will make you “happy” because you won’t have any of those pesky responsibilities. When I say “one world order” I want you to understand this doesn’t mean one government. It is planned to be regional, but they will all follow the same playbook. They call it the “multi-polar world order” and it is being rolled out now as we speak.

The World Economic Forum told you what they would be rolling out back on November 18, 2016. As you can see from this clip, they mention the United States no longer being the world superpower, and they mentioned the new “multi-polar” world powers. Thanks to previous presidents and politicians who presided over the managed decline of the U.S., they are very close to accomplishing this goal.

David Lin of Kitco discusses this latest move by the central banks in the above video.

Journalist Alex Newman, who has been covering this for a long time has also recently picked up on how the central banks are using Coronavirus to roll out the latest wealth transfer and power grab, the ultimate power grab – the cashless society. This matters because we have seen how the elites use cancel culture to shut down dissidents and journalists whose opinion they don’t like.

We have seen the de-platforming of those who exposed the child sex abuse and trafficking crimes of the world’s elites. A cashless society would be the social credit system the CCP uses to control people, but enforced upon the entire world. It would give them all the power, and the ability to shut down anyone from being able to survive, work or feed their families.

Where are the civil rights groups? Where are the human rights organizations and NGOs to push back against this?

I encourage you to watch the whole video above by Alex Newman, he really breaks down how this would work, and why it is so dangerous, and terrifying.

See a spelling or grammar error? Let us know! Highlight the text and press Ctrl+Enter.

Notify of
Inline Feedbacks
View all comments