The Bank of England publish a report discussing the need and benefits of a CBDC: Do we need ‘public money’? - speech by Jon Cunliffe
It conveniently leaves out the complete centralisation the financial institutions will have and that once in place, it will inevitably be tied to your digital ID (vaccine passport.) Read this through and prepare yourself for the oncoming arguments that will be used to convince the public to embrace this new totalitarian tactic. You will be totally controlled and unable to hide anything from "the man."
The Bank of Canada talk about the importance of "inclusiveness and diversity" within central banking at universities. Instead of challenging students to question authority, centralisation and the corruption of power - they're told to trust the current powers who have created the most "unequal society" in the world, that they will change the system and make it more inclusive and fair. Unfortunately, the university students will probably fall for this insanity. After all, "you'll own nothing and be happy" whilst the Banks and financial institutions will own everything and be happier:
Please read both reports and stay informed.
Also, read this transcript of a podcast released by the International Monetary Fund. It sounds like the IMF are lining up to take charge...
In other financial news, the IEA release their new report:
The world’s first comprehensive energy roadmap to net zero by 2050
"This morning we’re releasing our net zero by 2050 roadmap. We find that the world has a viable pathway to building a global energy sector with net-zero greenhouse gas emissions in 2050, but it is narrow and requires immediate action across all countries to begin an unprecedented transformation of how energy is produced, transported and used worldwide, according to the landmark special report we released today."
Key takeaways:
Climate pledges by governments to date – even if fully achieved – are well short of what’s required to bring global energy-related carbon dioxide emissions to net zero by 2050.
Our pathway requires the immediate and massive deployment of all available clean and efficient energy technologies. That includes annual additions of solar PV to reaching 630 gigawatts by 2030, and those of wind power reaching 390 gigawatts. Together, that's four times the record level set in 2020.
Most of the global reductions in CO2 emissions between now and 2030 in our net zero pathway come from technologies already on the market today. But in 2050, almost half the reductions come from technologies that are currently only at the demonstration or prototype phase. This calls for major innovation progress this decade.
Total annual energy investment surges to USD 5 trillion by 2030 in our pathway, creating millions of clean energy jobs and putting global GDP 4% higher in 2030 than it would reach based on current trends.
In our pathway, no investment in new fossil fuel supply projects is needed, nor is further investment for new unabated coal plants, and sales of new internal combustion engine passenger cars are halted by 2035.
By 2050, global energy demand is 8% smaller than today, but serves an economy twice as big and a population with 2 billion more people. And almost 90% of electricity generation comes from renewable sources.
Energy security evolves on the path to net zero. Electricity system flexibility, cyber security, and reliable supplies of critical minerals all become more and more important. As global oil demand falls, supplies become increasingly concentrated in a small number of low-cost producers. OPEC’s share of a much-reduced global oil supply grows from around 37% in recent years to 52% in 2050.
Everything is about to change.