The head of the International Money Fund (IMF) has reassured his fellow globalists that a universal Central Bank Digital Currency (CBDC) will provide enough data to give every member of the public around the world a “social credit score.”
According to IMF Managing Director Bo Li, it will soon be possible to usher in a Chinese-style social credit score system based on the data gathered from individuals’ CBDC wallet
Not only will bureaucratic agencies be able to track all payments made by any individual, but the centralized system will also be able to score them based on their spending habits.
For example, those who buy plane tickets and gas for a fossil fuel-powered vehicle will score poorly due to their high “carbon footprint” and alleged contribution to so-called “climate change.”
Those who use public transport and keep within a 15-minute radius of their home at all times, meanwhile, will score better.
In addition, people who buy ammunition, traditionally farmed food, or other “less desirable” items will score lower while those who comply with the globalist agenda will do better.
To advance this plan, the IMF is working, along with other international partners, to push forward a single CBDC to replace cash globally.
At an IMF seminar in October 2022, titled “CBDCs for Financial Inclusion: Risks and Rewards,” IMF chief Bo Li explained one way in which non-traditional data gathered from CBDC transactions can be used.
Li revealed that this information is already being used in China for credit scoring.
He said such data will help improve credit underwriting.
Li used an innocent-sounding example of tracking the number of coffees a person buys or what type of transport they use.
However, the United Nations claims that coffee production contributes to “climate change” while the World Economic Forum (WEF) is pushing for private car ownership to be banned among the general public.
“You know those transaction data in terms of how many coffee I drink every day, where I buy coffee, do I use Uber every day, and what kind of working hours I have,” Li expalined.
“Those non-traditional data can be very useful for financial service providers to give me a credit score and based on a credit score the financial service provider gives me a credit line without any face-to-face due diligence,” he boasted.
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Elsewhere in the discussion, Li boasted that “government agencies” will be able to use CBDCs to “improve financial inclusion” by controlling what people are able to spend their money on.
At last year’s WEF forum in Riyadh, Saudi Arabia, Khalid Humaidan, Bahrain’s chief central banker who spoke during the session, stated that people’s acquiescence to “going cashless by necessity” during Covid showed trust in the system, as Slay News reported.
Humaidan insisted that people will comply with a cashless system.
“I think the transition to fully digital is not going to be a stretch, people are used to it, people are engaged in it, and circumstances that help is adoption rates increased because of Covid,” Humaidan said.
“This is where contactless [payment systems] started to become something of a necessity, something of a safety, something of a requirement, and because of that there is very little resistance, trust is already there.”
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