This episode of Real Talk China with the author of Richard Turrin’s book “Cashless” is a must watch.

Will this also help countries sanctioned by US? 

Snce the establishment of SWIFT after WWII, the Banksters have been gouging all countries and people through SWIFT。They rob countries doing trade like credit cards rob us with their high transaction costs to merchants who simply past the cost onto us.  The US Empire’s control of SWIFT also means it can steal money from countries like Venezuela with a few taps on the keyboard and recognizing a puppet like Guido as the president.

China’s Central Bank Digital Currency CBDC will offer a very, very low cost alternative.  In the same way that Chinese merchants don’t have to pay credit card companies for purchases when transactions are done through Alipay, international trade done through China’s digital yuan will also be next to nothing.  This will be the basis of international trade along BRI.  There is an entirely new logistics infrastructure behind the CBDC and 5G plays a big part.  The US has never been in a hurry to roll out a CBDC for the simple reason that its control of SWIFT and the USD as reserve currency allowed it to forcibly inject itself as the middleman in almost all world trade. 

Watch Full Video on YouTube :

China's Digital Yuan will Change the World | Real Talk China Ep6

https://youtu.be/cHQFCCkR2bg

The tyranny of the so called free market ,which.is anything but free when you consider all the bailout subsidies, stimulus stock buy backs, pyramid bubbles, tariff hike terror coups and shock doctrine that goes with it, is no longer viable with the arrival of a digital alternative.

But what does that mean to the average consumer? Well for one the word consumer no longer applies as without currency one can no longer be defined by what they buy .Plus over production of oil and underperforming economic growth has turned the west into a single use plastic landfill.

Its become incumbent upon  China therefore to re imagine a world without economic industrial growth. That builds communities instead of displacing them ,that adds mineral nutrients to water tables instead of poluting them that replenishes as it uses and does not reduce and deplete the planet , that brimgs ecological and political justice to the ravaged south.

 The mood is not good around the campfire in the west to accept the gravity of what is about to happen to their entitled private universe.