Tom Renz
@RenzTom
This might be the most terrifying thing I've seen.
The Bank of International Settlements (#BIS) is literally laying out how you will own nothing. Central banks will own your house, your car, your bank account, etc & you will be able to do things IF you comply with their mandates. Understand that this is not just a war on freedom, it is a war on humanity. Even your healthcare could be dependent on how compliant you are with government mandates. Combine this with #CBDCs & you have the recipe for the #GreatReset... you will own nothing & like it. 2024 election is not a referendum on D or R - it will be a referendum on freedom or global tyranny for all times.
Blueprint for the future monetary system: improving the old, enabling the new
BIS (Bank of International Settlements) Annual Economic Report | 20 June 2023
Key takeaways:
*Tokenisation of money and assets has great potential, but initiatives to date have taken place in silos without access to central bank money and the foundation of trust it provides.
*A new type of financial market infrastructure – a unified ledger – could capture the full benefits of tokenisation by combining central bank money, tokenised deposits and tokenised assets on a programmable platform.
*As well as improving existing processes through the seamless integration of transactions, a unified ledger could harness programmability to enable arrangements that are currently not practicable, thereby expanding the universe of possible economic outcomes.
*Multiple ledgers – each with a specific use case – might coexist, interlinked by application programming interfaces to ensure interoperability as well as promote financial inclusion and a level playing field. ...
In embracing evolution and change, central banks and the private sector should follow key guiding principles to ensure that the monetary system harnesses innovation for the public interest. First, the tried and tested division of roles between the public and private sector in the two-tiered system remains the cornerstone. The second principle is upholding a competitive level playing field that promotes innovation and financial inclusion. And third, the future monetary system needs to meet the highest standards of data security and privacy, while ensuring system integrity by guarding against illicit activity such as money laundering, financing of terrorism and fraud. ...
Full text report (34 pages PDF)
