I am online content writer, blogger, freelance writer and Proofreader with 3 years experience in all kinds of composition and editing style.
Chinese digital currency (e-CNY)
CHINA’S NEW DIGITAL CURRENCY POSES A THREAT TO THE US DOLLAR
China is pushing ahead into a cashless society. That’s, creating a new digital currency to replace paper money and coins. This opens the door for "unprecedented government control".
The Chinese were the first in the world to invent paper money, back in the 7th century. Now, more than fourteen hundred years later, China is again on the cost of creating a new form of government currency that some say could pose a serious economic threat to America and the West.
They are not cryptocurrencies nor stable coins, and in fact they’re national physical currency of a country represented in a digital form.
Beijing is building a digital form of its currency, to control its citizens and eventually threaten the dominance of the US dollar. China’s goal is to replace cash with a digital currency, which is controlled by the Economist Government’s Central Bank.
The digital currency will also be issued by the government’s bank, allowing unprecedented access to people’s financial transactions. There will be a point where the People’s Bank of China is going to be able to look inside every transaction that everyone does 24 hours a day, 7 days a week.
This means if you’re a human right activist or a Christian, authorities can now use this new technology to punish you if you engage in activities they consider to be an anti-government.
Eventually, US and other foreign companies doing business in China will be required to use the government’s new digital currency payment system. In June, the Economist Government handed out more than 6 million dollars worth of its digital currency to its citizens as part of the series of trials of the country. This kicked off in Beijing, allowing residents there to use two government bank apps to test the digital payment.
Have you wondered or remembered the Bible Quotation about how a government restricts population so that you cannot buy or sell unless you have a particular mark? Well, this is the answer. We are literally been set up for that kind of government control.
The Chinese government is pushing ahead on many funds to restrict what its population can, and cannot, do. They already restricted the right of assembly, religious freedom, political speech and any speech that is critical to their government and the way they run things is definitely cracked-down.
This is a clear picture of where they’re going, but they want to control and, they’re doing it right now.
Now if you step up on the airline, they can turn off all your money and do it instantly, so you cannot buy or sell. You will be denied the right in the market to participate anymore. That’s what digital currency allows a government to do, and if you think it’s just going to happen in China, then think again. The further reserved already have a study group looking at a digital currency for the US. Why are they doing that? They are afraid China will over-shadow the US dollar and become the world’s currency.
China wants to step on the world’s stage with digital currency and unfortunately, the end of that is you and I will now be subjected to a government that may not agree with your opinion, religion, people you hang out with, and they will absolutely restrict your access to digital currency in effort to control you! That’s how you get a fulfillment of a Bible verse about how you cannot buy or sell without a mark.
Do you think this new digital currency system of government control will pose a serious threat to humans? Well, leave your opinions in the comment section below and stay connected for more interesting contents.
This article is accurate and true to the best of the author’s knowledge. Content is for informational or entertainment purposes only and does not substitute for personal counsel or professional advice in business, financial, legal, or technical matters.
© 2022 Aboah E Okyere