WEF: Digital Cash Can Be Used to Block Citizens from Buying ‘Less Desirable’ Items

An agent of the World Economic Forum (WEF) has gloated that one of the “benefits” of “digital cash” is that governments can control what citizens can and can’t pay for.

During the WEF’s recent Annual Meeting of the New Champions in Communist China, Tolani Senior Professor of Trade Policy at Cornell University Eswar Prasad gave a chilling insight into the rationale behind the globalist elite’s interest in pushing toward a cashless society.

Prasad spoke about the coming Central Bank Digital Currencies (CBDCs) and how unelected authoritarians will be able to control the public by managing the regulation of society’s spending.

According to Prasad, a top economics expert and former International Monetary Fund (IMF) official, the coming CBDC-only cashless society will be regulated to ensure that people comply with what is considered to be “desirable.”

Prasad spoke at the gathering, also known as “Summer Davos,” bluntly stating the “benefits of digital money” include the “programmability” of citizens.

For example, the government could control what products citizens are allowed to purchase with digital currencies.

He gloated that people will be blocked from buying “less desirable” items such as “ammunition.”

Prasad said, “The government decides that units of central bank money can be used to purchase some things but not other things that it deems less desirable like say, ammunition or drugs or pornography or things of the sort.”

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Apparently, the WEF sees a cashless society as an opportunity to strip citizens of their rights to bear arms by making it impossible to buy ammunition.

The American Second Amendment may very well be the only thing preventing the nation from totally falling victim to the globalist agenda.

Once the Central Bank Digital Currency (CBDC) is rolled out globally, it appears that disarming the public will be a top priority.

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An authoritarian regime could hypothetically prevent any combative or dissenting citizen from being allowed to purchase firearms or ammunition.

Or just block the public from buying guns or ammunition altogether.

But the push won’t likely end with guns.

Also, with growing propaganda connecting meat consumption to “climate change,” the government could use CBDCs to ration how much meat people are “allowed” to purchase.

The unelected group has already been pushing for individuals’ spending to be monitored to track their “carbon footprint,” as Slay News has reported.

The plans involve placing limits or blocks on people if their spending impacts the climate.

The WEF isn’t the only major group or political body promoting digital currency as leaders from around the world appear to be rolling out the technology in unison.

As Slay News reported last month, International Monetary Fund Managing Director Kristalina Georgieva announced the IMF is “working hard on the concept of a global CBDC platform.”

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Days later, the Governor of the Bank of France François Villeroy de Galhau declared that it’s the nation’s “duty” to create a digital Euro.

The First Deputy Governor of the Bank of Russia Olga Skorobogatova told Forbes this week her nation also plans to launch a CBDC.

In late July, the U.S. Federal Reserve Bank’s FedNow digital currency is scheduled to be launched.

FedNow is officially an update to the Federal Reserve’s payment processing and settlement system and appears to be a backdoor to creating a private U.S. CBDC.

Similarly, the United Nations recently called for digital IDs to be introduced globally that are linked to individuals’ spending.

Meanwhile, the WEF is continuing to pressure world governments to advance plans to shift toward a cashless society.

As Slay News reported, the push for CBDCs was a key topic at the recent “Summer Davos.”

The WEF published a new report on CBDCs to coincide with its event in Communist China last week.

In its report, the WEF praises CBDCs, calls for “public-private partnerships” on digital cash, and urges governments to begin “advancing cashless societies.”

READ MORE: WEF Banker: Eliminating Cash Gives ‘Absolute Control’ over Population

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By Frank Bergman

Frank Bergman is a political/economic journalist living on the east coast. Aside from news reporting, Bergman also conducts interviews with researchers and material experts and investigates influential individuals and organizations in the sociopolitical world.

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