Will CBDCs reduce or increase corruption and crime?

January 19th, 2024

Awake Goy

BY RHODA WILSON ON JANUARY 14, 2024 • ( 19 COMMENTS )

Czech Republic’s ongoing development of Central Bank Digital Currency (“CBDC”) faces concerns over potential abuse amidst corruption and privacy issues as noted by the Human Rights Foundation.

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Yesterday we published an article introducing the Human Rights Foundation’s (“HRF’s”) CBDC Tracker website. We outlined the risk associated with CBDCs as identified by HRF and highlighted the status of CBDCs in the UK. Below we highlight the status of CBDCs in the Czech Republic, or Czechia, as summarised by HRF.

The Czech Republic is exploring the idea of a CBDC, with leadership proposing the concept of a digital wallet, claiming to offer anonymity and no transaction tracking. The actual design and operation of this proposed CBDC is yet to be determined, primarily due to potential regulation and anti-money laundering requirements.

Tomas Holub, a member of the Czech National Bank board, said that he has not seen anyone adequately address how a CBDC will operate. For example, Holub noted that it’s unlikely to be anonymous given anti-money laundering requirements.

Czechia is not yet a member of the euro area and does not have a target date to adopt the euro. As such it is not among the countries that would adopt the European Central Bank’s CDBC called the digital euro.

However, as Bloomberg reported in October last year, although the Czech government, public and central bank have an aversion to joining the euro, companies’ executives are slowly taking the country into the single currency anyway.

“The koruna is only a part-time currency because the big businesses dominating the economy have mostly switched to the euro,” said Tomas Kolar, chief executive officer of Linet Group SE, a maker of high-tech hospital beds and other equipment.

Despite scoring 92 out of 100 in Freedom House’s 2023 ‘Freedom in the World‘ report the country is grappling with corruption, raising concerns that a Czech CBDC might exacerbate it.

“Corruption remains a problem in Czech politics,” Freedom House wrote. Corruption has taken the form of bribery, subsidies, and politically motivated investigations. The existence of pervasive corruption is a major concern with CBDCs because it calls into question any promises that might be made by the government to limit surveillance, control, or other risks of CBDCs. Furthermore, the existence of corruption calls into question whether CBDC policies might be designed to exert political favouritism through subsidies, price controls, or other targeted restrictions.

Read the full article by selecting “Czech Republic” in the country drop-down box on the Human Rights Foundation CBDC Tracker website HERE.

Freedom House also noted that human trafficking remains a problem in the country as organised criminal groups use the country as a source, transit, and destination point; women and children are particularly vulnerable to being trafficked for sexual exploitation.

If CBDCs were adopted, would they inhibit human trafficking or enable it to proliferate? That would depend on who is involved in and collaborating with the traffickers’ network and who controls the CBDCs. If there are the same or similar persons involved with both, crime will flourish.

The more centralised the control, the higher the risk that crime and corruption thrive without the ability of the public to expose it or obtain sufficient evidence to bring guilty parties to account.

The digital euro will be a single CBDC used by the 20 countries within the Eurozone and will be under the centralised control of a few bureaucrats who are appointed and unaccountable to the public, and who for all extents and purposes operate behind closed doors. How much more is the risk of crimes proliferating when a single CDBC is used across multiple nations?

The Time for Silence is Over

https://www.uncoverdc.com/2022/10/21/a-message-to-humanity-the-time-for-silence-is-over/

If you are a doctor or medical professional and you are reading this and aware of what is happening, the time for you to stay silent on account of self-preservation is over. The weight of what you know vs. a license, a job, etc., is too great. “Just following orders” or fear of scrutiny won’t cut it anymore. Several have come before you to lay the groundwork so you, too, can be brave.

If you are the every-man, there are still people you haven’t spoken to. Call them today. Don’t wait. Prepare your information, and get it ready for an email or text. Sit with them and discuss it. Have them over. Watch an interview or seminar. Make them stay out of respect for you because you are respecting them; you are trying to save their life.

If you are the every-man with a bit more nerve, go stand outside of your nearest school with a packet of information to hand out to parents on the car line. Do it until they threaten to arrest you, and get arrested if you must. It is that serious. It must be done. Go to a mall and flier the windshields of every car in the parking lot. Create a landing page or send people to a reputable site with the needed information. Get your boots on the ground. Do it today. Do not wait. Your fellow human needs you right now.

We are in the midst of one of the greatest psychological operations in human history.

https://www.reignitefreedom.com/

The third step is to unsubscribe from all mainstream media outlets. Delete the apps from your phone, laptop, and tablet and unfollow all of their social media and YouTube channels. Try to avoid mainstream media for at least one week, even if the headline is intriguing.

In the same time why not removing all the big tech tracking/spying/social credit system around you: (Youtube, Facebook, Instagram, Twitter, Tik Tok, Google, Apple, Microsoft, Whatsapp, Zoom, Linkedln, Snapchat, Tumblr, Pinterest, Reddit, Myspace, etc.)

The fourth step of the global walkout is to move as many accounts as you can to a union or local bank.

https://community.covidvaccineinjuries.com/compilation-peer-reviewed-medical-papers-of-covid-vaccine-injuries/

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