WEF Calls on World Governments to ‘Advance Cashless Societies’

The World Economic Forum (WEF) has called on governments around the globe to begin ushering plans to eliminate physical cash and roll out digital “money.”

The WEF published a new report on Central Bank Digital Currencies (CBDCs) to coincide with its “Summer Davos” event in Communist China this week.

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

The WEF has been unequivocally pushing for the adoption and proliferation of CBDCs at “Summer Davos.”

Through an array of discussions, the WEF showcased the pivotal role of “public-private partnerships” in fashioning an integrated financial system.

As members of the WEF celebrate the push toward “cashless societies,” major concerns are being raised for the privacy and civil liberties of the general public.

The WEF, often described as an exclusive club of the world’s economic elites, has been heavily promoting CBDCs.

Klaus Schwab’s organization has been portraying digital cash as the next financial evolution.

As Slay News has reported, WEF members have been openly gloating that eliminating cash will give power elites “absolute control” over the global population through the use of digital money.

Under such plans, privacy, security, and freedoms are all at risk.

CBDCs are essentially digital versions of national currencies, touted to bring about an efficient, secure, and accessible monetary system.

However, the alarming aspect is the almost Orwellian control it could potentially hand over to central banks and governments.

With digital currencies in place, the authorities can peer into your financial transactions with microscopic precision.

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By using CBDCs, governments and financial institutions will be able to track purchases globally and see exactly who’s buying what.

Government agents will theoretically have knowledge of every item purchased by people around the world.

Aside from surveillance, concerns are mounting about how much control over a person’s finances such the system would allow.

In the same way that Big Tech companies shut down the accounts of users who “violate” their policies, a person could, in theory, lose access to their own money due to their political views.

Maybe people would think twice about questioning climate change or vaccine mandates if it means they will be blocked from buying food for their families.

The WEF has also previously pushed plans to monitor individuals spending for “climate impact” and then punish those with a larger “carbon footprint” than the government allows.

In its new report, the WEF lists “advancing cashless societies” as one of the key motivations for introducing CBDCs.

“Focusing on reducing cash use, promoting digital payments and enhancing financial literacy to drive economic growth and increase efficiency, while balancing privacy concerns,” the report states.

However, the report doesn’t explain how “balancing privacy concerns” will be addressed.

READ MORE: WEF Calls for AI to Rewrite Bible, Create ‘Religions That Are Actually Correct’

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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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