There has been a long list of revelations taken from the recent World Economic Forum meeting in Davos, but one issue that might have gone under the press radar involves comments by Mastercard CEO Michael Miebach during a discussion on the future of cross-border payments among nations.
Miebach, participating in a -panel on Central Bank Digital Currencies at the WEF and managed by the Global Blockchain Company Council, was one of the few participants that was willing to suggest that the SWIFT system, long centered by western interests, might be made obsolete along with the expansion of digital currencies among central banks.
Initially dismissed as “ conspiracy theory” only a few in years past by the media, whispers of CBDCs have suddenly gone mainstream and blockchain systems took center stage at Davos in 2022. The Government Reserve has even started active public discussions assessing the case meant for retail digital currency items .
Couple of at Davos were willing to admit to the outcome that Mastercard’s CEO suggested, arguing that SWIFT would keep on its prevalence for decades. Yet, almost every major central bank in the world is now pursuing an electronic digital currency program, and the IMF has been exceedingly vocal about the need for a global digital currency system in the near future to provide “ stability” in the face of national inflationary crisis events.
In the last year alone we now have seen a developing pattern among Eastern trade partners circumventing NATO sanctions in the wake of the war in Ukraine. After being blocked from accessing the SWIFT transfer network, which allows governments and central banks to quickly and accurately exchange data and transfer vast sums of capital, Russia and its allies are seeking option options. The Kremlin provides talked often about using crypto and digital foreign currencies to bypass restrictions, plus China is currently establishing electronic products to work around SWIFT and the CHIPS settlement program (Clearing House Interbank Payment System).
It appears that western sanctions are just accelerating a global move far from dollar denominated structures, yet of course , this may be exactly what global institutions like the WEF and IMF want. With a web host of new CBDCs in enjoy, price fluctuations may be just as erratic as they have been along with Bitcoin and other cryptocurrencies. Meaning, buying power would be far too unpredictable for the average customer. This sets the stage for groups like the IMF and WEF to “ save the day” by instituting a global basket program, likely under the SDR (Special Drawing Rights) basket, in the name of homogenizing and stabilizing different CBDC markets into a single centralized entity.
Meanwhile, only a select few one of the globalists at Davos are willing to publicly address the real ramifications of CBDCs. The goal of global economic centralization is touched upon, but only as a consequence of the far distant future. Mastercard’s CEO may have allow slip the truth – Which the plan is for CBDCs to consider over global trade considerably faster than most people anticipate.