Financial Oligarch Says Central Banks Will Have ‘Absolute Control’ of Money in Coming Cashless Society

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Last Updated on October 6, 2022

A video is going viral online showing the General Manager of the Bank of International Settlements, Agustin Carstens, issuing a disturbing message about the future of the financial surveillance state and its plans for a cashless society. Central banks, Carstens says, will have “absolute control” of everyone’s money.

The video, which initially surfaced in 2021, has gained renewed interest after announcements from the Biden Administration and other governments regarding the development of Central Bank Digital Currencies. Known as CBDCs for short, the currencies are federally-issued but take the form of crypto, and are being touted as a means to usher in a cashless society.

By getting rid of cash and using CBDCs, Carstens boasts, governments and their financial oligarchs will not only be able to track purchases globally and see exactly who’s buying what, but they’ll also be able to fulfill their longtime goal of having “absolute control” over financial transactions.

“We don’t know who’s using a $100 bill today and we don’t know who’s using a 1,000 peso bill today,” the Mexican moneyman said, bemoaning the anonymity of cash.

“The key difference with the CBDC is the central bank will have absolute control on the rules and regulations that will determine the use of that expression of central bank liability,” Carstens said.

“And also we will have the technology to enforce that,” he added.

Watch the video below:

Carsten’s plans to seize control of the wallets of the world resemble those touted by American figures like Joe Biden, who earlier this year signed an executive order seizing control of cryptocurrencies and laying the groundwork to turn America into a cashless society.

Under Biden’s order, the federal government of the United States will work to design a functioning, centralized cryptocurrency.

Read More: Joe Biden Quietly Signed an Executive Order Seizing Control of Cryptocurrencies to Create a Cashless Society

Just last month, Biden’s Federal Reserve Chair Jerome Powell announced that the government-led cryptocurrency ordered by Biden  will “not be anonymous.”

Much like in the plans revealed by Agustin Carstens, under the Biden Administration’s federal cryptocurrency, transactions will be tracked and government agents will theoretically have knowledge of every item purchased by American citizens.

Video: Powell Calls For Increased Cryptocurrency Regulation, Admits Government-Led Crypto Will ‘Not Be Anonymous’