CBDCs Are Already Here. They Just Changed Their Name.

Our regular readers are well-versed in the technical features and dangers of central bank digital currencies (CBDCs), which we call Biden Bucks. CBDCs are a form of money issued by central banks or the Treasury in digital-only form.

It’s true that most payments today – credit cards, direct deposit, ATMs, online shopping, etc. – are already digital. But there’s a difference. All the digital payments we have today are private. They’re between you and your bank or the online store.

The government does not see that information at the individual level unless they get a warrant. That’s not true for CBDCs. With CBDCs, the government controls the ledger. They see everything you buy, your charitable contributions, your political donations, your entertainment choices, your travel and more.

When that information is combined with geospatial location (from the GPS data on your iPhone, E-Z Pass toll transmitters, and license plate scanners) and analyzed by artificial intelligence applications, it’s easy to develop a political profile of you. Based on that, Biden can decide you’re an “enemy of the people” or a “MAGA extremist” as he threatened in his infamous Philadelphia speech in September 2022 (the one with the military guards and blood-red lighting that visually resembled the Nuremberg rallies of the Nazi Party in the 1930s).

Once you’re on the enemies list, CBDCs can be used to freeze your bank accounts. This happened to the Freedom Convoy drivers in Canada in January 2022. It can easily happen here.

Some Americans have been relieved that CBDCs have not been fully implemented yet and members of Congress and some governors such as Ron DeSantis have stood up against them. But the progressive neo-fascists never take no for an answer. When you close one channel, they find another.

That’s what this story reports. Citibank (which is entirely under the government’s thumb because of the many bailouts it has received) has announced what they call Citi Token Services (CTS).

With CTS, you convert your regular dollars into digital tokens. These tokens can be used to move money or make payments around the world. Citi calls this a “tokenized deposit.” Notice the term CBDC is not used anywhere. But that’s what it is.

Once you convert your dollars to digital tokens, you don’t have dollars anymore. Citi controls the ledger under the government’s thumb. They have complete information on all transactions. This is a CBDC by another name. It’s not coming; it’s already here.

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