Everything You need to Know About Central Bank Digital Currency

By Nickoy Mills

The old world is ending and the new world order is taking shape. You may have heard that central banks around the world are slowly introducing their own digital currencies called CBDCs or Central Bank Digital Currencies.

 

For the most part, they will tell you that these currencies are the same as paper money, except they exist only in a digital form. However, there is far more that you need to know about CBDCs than what your government will tell you.

 

In this book, I do a deep dive into CBDC and what it means for the future. This is vital information that you need if you hope to survive the coming economic collapse and the beginning of the new digital economy.

 

In this book we look at:

• The History of Money
• The Current Monetary System
• Central Bank Digital Currency
• CBDC vs. Cryptocurrency
• The Dark Side of CBDC
• The Great Reset
• The Real Agenda of the Great Reset
• Central bank Digital Currency: The Great Reset in Action

• Language: English
• Publisher: Professor Unheard
• Release date: Apr 2, 2022
• ISBN: 9798201587505

Book preview

DEDICATION

For everyone interested in learning how Central Bank Digital Currency will remove autonomy over money, make you poor and you will be happy about it.

CONTENTS

1 the history of money

Most people confuse money with currency. Most of the time, the terms money and currency are used interchangeably ( to mean the same thing). Money, on the other hand, is anything generally accepted as a form of payment, whereas currency is a legal tender that functions as a channel for transferring money from one party to the other.

Let’s look at an example.

John washes Bob’s car for a loaf of bread. The act of washing the car is labor that is intangible. Because people place value on labor, it can be exchanged for anything worth its value. Therefore, John’s action of washing the car can be considered money which is an intangible asset. The loaf of bread has value as well (at least to John), and it, too, can be exchanged for anything else of value. As a result, John can wash Bob’s car in exchange for his loaf of bread. Both John and Bob are giving up something valuable here.

You may have been able to see that I just discussed how barter works.

We had a bartering system before the establishment of the monetary system. The barter system was a method of exchanging goods for goods, services for services, or goods for services. In its most basic form, bartering was the exchange of something of value for anything of equal value - which was the same as money.

Money was not elastic in the bartering system. In that system, the amount of money did not change in response to demand because the only method for people to acquire more money was to create something of worth. As a result, people could only invest or borrow money depending on their savings. So, the amount of money in the market would expand at roughly the same rate as the human population.

Because money is ultimately the value that people place on something, it is important to remember that money is usually an intangible asset rather than a physical object.

However, most people were unable to agree on what was being exchanged for something of similar value. For example, was John's effort in washing the car worth the loaf of bread Bob offered him in exchange? Of course, there were many more complicated situations that made trading incredibly difficult.

Since it would be difficult for a person to manufacture or source all he requires for survival and comfort, there was a need to address the issues with the bartering system. The solution was the creation of commodity money. The idea behind commodity money was to establish a "unit of