It’s official: Universal Basic Income will be the Trojan horse they use to replace the dollar with a government-run surveillance crypto-token, or central bank digital currency.
Last week, Thailand’s left-wing government announced a program to give free money to 50 million Thais with the catch that it will be in the form of a CBDC.
The program is large—$14 billion, which is equivalent to nearly $1 trillion in U.S. terms. But only if you join the borg.
I’ve been warning for years they would use free money or a Universal Basic Income to impose a CBDC in the next recession. Using a CBDC’s ease of administration—after all, a bureaucrat can, at the touch of a button, give money to millions of people or take it from millions of people.
This would radically upgrade our totalitarian banking system—the one Canadian Prime Minister Justin Trudeau used against Canadian truckers—to surveil and control literally every dollar in existence.