IMF Managing Director: “We Are Working Hard on a Global CBDC”

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IMF Managing Director We Are Working Hard on a Global CBDC

Kristalina Georgievahe, the managing director of the International Monetary Fund (IMF), said during a presentation in Morocco that they are “working hard on the concept of a global CBDC platform.”

In simpler terms, the IMF is working to bring in a one-world currency.

Declaring that Central Bank Digital Currencies need to be “interoperable between countries,” Georgieva said, “If we are to be successful, CBDCs could not be fragmented national propositions.”

“To have transactions more efficient and fairer, we need systems that connect countries,” Georgieva continued.

“In other words, we need interoperability,” she said.

According to the IMF, global digital currencies would “give more people access to financial services and bring the cost down.”

The global body added that CBDCs can “provide for more resilient and efficient payment systems,” and “can be a cheaper way, and a quicker way, to do cross-border payments, to pass remittances… and also simplify other transfers.”

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However, critics warn that a global digital currency (CBDC) in the hands of globalist elites and entities like the IMF could usher in techno-Communist dystopia, allowing everything people purchase to be tracked and linked to a CCP-style social credit score system.

Rich Dad Poor Dad author Robert Kiyosaki recently issued a stark warning against CBDCs, arguing it would open the doors for unprecedented surveillance of Americans and the world.

“By tracking every financial transaction, they will have access to every detail of our spending, the recipient of our money, and how we allocate our resources,” said Kiyosaki.

“In essence, it replicates George Orwell’s dystopian society depicted in 1984. Big Brother will be constantly monitoring our financial activity, and this is precisely the problem with central bank digital currency,” he added.

“As an individual, I become nervous at the thought of this. I do not want them to monitor my every transaction or be privy to my spending habits. It is a violation of my privacy, and they have no business knowing how I choose to allocate my resources,” the author went on to warn.

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As The Daily Fetched reported in March, Sen. Ted Cruz (R-Texas) introduced a new bill to prevent the Federal Reserve from implementing a central bank digital currency.

The legislation (S.887), co-sponsored by Sens. Mike Braun (R-Ind.) and Chuck Grassley (R-Iowa), argues CBDC would eventually be used as a government surveillance system.

“The federal government has no authority to unilaterally establish a central bank currency,” Cruz said.

Cruz noted that the bill “goes a long way in making sure big government doesn’t attempt to centralize or control cryptocurrency and allows it to thrive in the United States. We should be empowering entrepreneurs, enabling innovation, and increasing individual freedom — not stifling it.”

Similarly, Rep. Tom Emmer (R-MN) recently introduced a bill banning the Federal Reserve from introducing CBDCs.

While CBDCs are promoted as helping create financial freedom, critics warn that such a system would only empower the state.

READ: Bill Gates: AI Solves the Problem of ‘Digital Misinformation’

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