Global elite pushing for a shift to Central Bank Digital Currencies
By Kelen McBreen | INFOWARS.COM | Friday, March 04, 2022
With the West's economic sanctions against Russia in response to its invasion of Ukraine beginning to take effect, the American dollar's role as the world's reserve currency is being questioned.
This week, dozens of mainstream media outlets like the Hill, Bloomberg, and Yahoo Finance ran headlines such as "The weaponization of finance threatens the future of the dollar standard."
With the West's economic sanctions against Russia in response to its invasion of Ukraine beginning to take effect, the American dollar’s role as the world's reserve currency is being questioned.
This week, dozens of mainstream media outlets like the Hill, Bloomberg, and Yahoo Finance ran headlines such as "The weaponization of finance threatens the future of the dollar standard."
Essentially, these outlets are accurately warning the world's economic assaults on Russia could push the nation closer to China, a country openly working to make its currency the new world reserve.
The Hill explains, "Now, faced with the distinct possibility of the emergence of a China-Russia economic and strategic partnership, we may be entering a new phase that involves a geopolitical contest for global influence across multiple spheres. China has been open about its long-run desire to supplant the U.S. dollar-centric post-WWII global monetary order."
China and Russia already partnered in 2020 on an initiative meant to reduce each nation's reliance on the dollar, and recently, China has promoted moving to a digital Yuan.
Using the SWIFT bank system in sanctions against Russia is now further pushing the country towards replacing the dollar with China's digital yuan payment system, according to Chinese researchers.
In 2019, journalist Ben Swann warned of the SWIFT system being weaponized during an appearance on RT.
Swann also suggested cryptocurrencies could eventually be the way nations like Russia and China get around the SWIFT payment processing system.
Back in 2019 ... $XRP #xrpthestandard
— XRP-OVERNIGHT--GODS PLAN (@XrpHodL_) February 24, 2022
Watch 👀 pic.twitter.com/Dc4VAZ1RGb
Former CFTC Chairman Chris Giancarlo said in an interview last week that extensive use of sanctions could push Russia and China into developing a Central Bank Digital Currency in the near future.
Giancarlo said this would "really move portions of the globe off the dollar-based, Western-banked dominated, account-based system we have today. CBDC is absolutely an effort by many non-aligned countries to move away from the sanction power that exists in our Western-bank dominated SWIFT-based messaging system."
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In order to get the new digital currency activated will require an self-inflicted emergency:
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