Crypto Custody… At the Fed?

By: Robert Aro

The idea that billionaires would gather behind closed doors and discuss the fate of the world is no longer conspiracy. The more you read, the more you’ll see. The plans are laid out in plain sight.

Take a look at this chart from the World Economic Forum (WEF) itself. Notice anything strange (hint: top right)?

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Digital Currency Initiative from the World Economic Forum

Central Bank Digital Currency (CBDC) was undoubtedly on the agenda at this years’ meeting in Davos. Here is where one must maintain a keen eye. When they discuss risks surrounding cryptocurrency, like custody, they provide neutral points and maintain an air of uncertainty. Per the chart above, they’re not stating a conclusion, but merely showing how risk is reduced the higher up one goes on the scale.

Self-custody was once the safest way to store your crypto. Looking at this chart, if a central bank offered custody of “your” CBDC, it would offer an even higher measure of security.

They’ll try to convince you by claiming they spent a lot of money, time, and expertise exploring the issue of digital money for the “public’s interest.” Nonetheless, no different than a scientific research paper, we must ask, who funded the project?

Over the past year, an interdisciplinary research team funded by the Bill & Melinda Gates Foundation…

If Bill Gates can influence the future of CBDCs the same way he has the scientific, medical, and drug market, then we’re in for something spectacular in the future.

And this future could be just around the corner. According to one of the experts at the World Economic Forum:

Over the next four years, we should expect to see many central banks decide whether they will use blockchain and distributed ledger technologies to improve their processes and economic welfare.

Four years from now seems a lifetime away, especially when most people in the wealthiest nations on earth are living paycheck to paycheck, struggling with an ever-increasing cost of living, and very little about the future looks promising. Yet, one day, CBDCs will be implemented.

It’s all part of the plan. Literally, the WEF has the Centre for the Fourth Industrial Revolution, where, amongst other things they’ve:

…built a global community of central banks, international organizations and leading blockchain experts to identify and leverage innovations in distributed ledger technologies (DLT) that could help usher in a new age for the global banking system.

The plan is progressing quite nicely too! They have no problem saying:

We are now helping central banks build, pilot and scale innovative policy frameworks for guiding the implementation of DLT, with a focus on central bank digital currencies (CBDCs). 

The difficulty is that as of yet, these ideas are still intangible to the public. There is currently no functioning Fedcoin. If we are cashless, it is only by choice. Individuals cannot hold a deposit at the Federal Reserve.

But just because the world looks like this today, doesn’t mean it will look like this tomorrow. Everything the WEF publishes, these meetings in Davos, and whatever the response to the next crisis will be are all designed to move the masses away from liberty, freedom, privacy, security, and autonomy, to be handled by another. They market whatever it is they’re doing as a public service. The reality is anything but. Society has seen this before, many times and in many forms.

Unfortunately, by the time CBDC hits the front page, by the time society has become officially cashless, and by the time you’re forced to accept a salary, or pay debts in Fedcoin, held in custody at your local Federal Reserve branch, it will be too late. It’s like waiting for a tornado to touchdown on your front porch; you know it’s coming. It’s just a question of how bad it will be, whether you’ve prepared for it, or whether you’ve left town completely.

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