The Central Bank of Nigeria announced it will begin, effective in January, restricting cash withdrawals from banks and ATMs to just $45 per day as part of a push to move the country toward a cashless economy.
If this were a one-off, I wouldn't bother writing about it. But it comes on the heels of mega-banks announcing similarly creepy new policies in recent months in China, India, Russia, Brazil, Sweden, the U.S. and many other nations, all pointing to an imminent switch over to a global digital money system.
In the U.S., the Federal Reserve put out an announcement in November that it is launching a 12-week "pilot program" to test out a new central bank digital currency, or CBDC, with six major banks.
Thursday's announcement in Nigeria is also a big deal because Nigeria is one of only nine countries that have already launched an official CBDC. That happened earlier this year, and now they are already moving to restrict the use of cash. This proves that digital currencies were never designed to function alongside paper currencies but rather to replace them.
Fox News reports that the Central Bank of Nigeria will limit weekly cash withdrawals to 100,000 naira ($225) for individuals and 500,000 naira ($1,124) for corporations, with a processing fee required to access more.
Haruna Mustafa, the central bank's director of banking supervision, said cash withdrawals may be permitted in "compelling circumstances, not exceeding once a month."
Isn't that nice of him?
It's almost that bad here in the U.S. Try going to your bank and telling them you want to withdraw as little as $5,000 and you will discover that you are required to basically state your case and prove you also have a legitimate "compelling" reason for wanting that much cash.
Of course it's all for our own good, right? "Safety and security," they tell us.
Policymakers in Nigeria say the limits on cash withdrawals along with the country's new digital currency will "bring more people into the banking system and curb currency hoarding, illicit flows, and inflation," according to Fox News.
Of course, it will do just the opposite, shutting more people out of the ability to buy and sell freely.
The same argument โ fighting crime, money hoarding and inflation โ could be made in any country in the world and it will be. But we all know the real reason has nothing to do with stopping crime or curbing inflation.
This is about going digital, and replacing cash with a more controllable, more trackable mode of exchange.
Remember what globalist economist Pippa Malmgren said at the World Government Summit in March of this year when she said the quiet part out loud, stating:
Nigeria's economy is no different than any other in the sense that it relies heavily on informal activities outside the legal framework and government regulation, such as farming, street and market trade, flea markets, thrift stores, cab drivers, etc. In these businesses, cash is usually preferred for transactions because many lack bank accounts or just don't want to fool with processing credit or debit cards."We are on the brink of a dramatic change where we are about to, and I'll say this boldly, we are about to abandon the traditional system of money and accounting and introduce a new one. And the new one; the new accounting is what we call blockchain... It means digital, it means having an almost perfect record of every single transaction that happens in the economy, which will give us far greater clarity over what's going on."
The globalists know this and so they want to get everyone digitally marked and dependent on digital-only transactions for all their needs. That way they will know how much gasoline or heating oil you are consuming, how much meat you are consuming, and it will all be added to your carbon footprint by which you will be taxed for any usage over your allotted amount. If you persist in going over your allotted amount of food and fuel, you can now be controlled by simply cutting off the supply of digital money, which really isn't money at all in the traditional sense. It's more like a voucher system.
This will be easily accomplished once they lock everyone's money into a bank account and replace actual money with digital tokens. At the point in which the American middle class accepts such a system, it's game over and we will see tyranny sweep across the globe even faster than it is now. The banksters and corporate titans will have captured everyone into their digital beast system, which operates much like a high-tech feudal system, where you no longer truly own anything outright. You will become the equivalent of a sharecropper in the old feudal system of the Middle Ages โ your obedience to whatever new rules they throw out for "sustainable living" will no longer be optional but mandatory.
The sustainability rules will start out as "suggestions" or "recommendations," only to be later demanded and mandated, with heavy fines for disobedience. If you think you can ignore the fines, think again, as they now have direct access to your digital wallet and can simply deactivate whatever digital tokens are in that account.
Some analysts, such as Rebecca Walser at WalserWealth.com, have predicted that the U.S. Federal Reserve will launch its digital dollar as soon as May of 2023. You can listen to a Dec. 7 interview Walser did with Brannon Howse Live here.
Once they get the digital currency in place, the next big thing will be to restrict travel by plane and motor vehicles.
In case you missed it, the globalists are already experimenting with that, too.
Watch the excellent 13-minute video below for an update on what's going on in Oxford, England, one of the World Economic Forum's "smart cities," which are also now being referred to as "15-minute cities." Of course the only way to fight this will be to directly disobey all of their dictates. Use cash. Drive gasoline-powered cars. Eat real meat. Stop giving your money to "woke" corporations. Become as self-sufficient as possible and pray for God's mercy!
Reader Comments
I suspect it won't be enough.
SOTT Focus:The Rise & Risks of Central Bank Digital Currencies
Comment: Not only a thorough update on the Big changes we're going to see in much of the world's monetary system in the not-too-distant-future, but also one of the most comprehensive discussions..."Green Banking" [Link]
"Today's Central Bank Digital Currencies Status" [Link]
Loud mass opposition.
I n Austria, we effectively brought down the vaxx mandate this way.
And a PS...
Whenever a population was very unhappy with ongoing monetary issues of their government, they switched over to bartering and "black markets" to a large degree. Just ask survivors of communist regimes ...
The silent majority of people will not accept a nanny state telling them what they can and can't buy.
yes, you're correct; and they will likely stay silent due to fear and cultural programming.
I've seen it coming for a long time and I thought I was mentally prepared. Having this dystopian future happening, taking shape and staring at me in the face sends chills down my spine. The people, in denial, will just stand there, open mouthed in incomprehension and disbelief until it is too late to do anything about it, until it is too late to stop cooperating. Is it too late already ? How should I know...
At this point, I am so against what's coming it distresses me and I am borderline wishing for an all-out nuclear war.
' courage is being scared to death and saddling up anyway ' - John Wayne
i have faith in myself and in other Sotties - we can hang in there, we can help heal others and the planet, we can choose to let go of the fear they peddle.
Yes. most definitely. That's what I've been doing but I have to admit I don't know if my words prompted those I spoke with to look deeper into the matter be it the covid, the vaccines or, these days, Agenda 21 / Great Reset. I hope some of these people ran into someone who said something similar to what I've said or that I repeated what someone else said before me.
so you know something is a good thing when ....
White Rose stickers can also be found on Telegram. the origins relate to a group of German university students in ww2 who posted pamphlets that spoke the truth about the nazi regime, they were caught and killed, but that's immaterial, these people were courageous and did the right thing.
today people worldwide print stickers and stick them in conspicuous places - the purpose is to plant a seed in people's brains.
But technically, they have a problem. Not only do central banks still lack the expertise and infrastructure to implement such a radical change in that short time frame, they got bigger issues in the meantime. And this is the fallout of their miscalculated attack on Russia and China.
This WEF plan reminds me a bit of high jump (the athletics discipline).
In a competition, each athlete has three attempts to cross each height. However, he is not required to use all for the same height. After failing the first (or second), he can have set the bar higher, and use his remaining attempt(s) for that. Unsurprisingly, about 80 to 90 per cent of the time this gamble fails.
After the Plandemic did not really achieve the chaos desired, and the war is not really going their way, how probable is it they get the centralized money control done in a failing economy, shortage of men and material, rising internal resistance, and active counter-actions by Russia, China and the Global South ?
This is the long game... If things go wrong, they will keep on going. After all, the bankers are in charge regardless of the CBDCs.. If you watch James Corbett's "Why Big Oil Conquered the World (Video)" one can see it has been going on for a very long time: [Link]
When Technocracy failed during the depression it just went underground still "funded".
Flobots - Handlebars (Lyrics) - released October 16, 2007 [Link] "NY Fed launches 12-week CBDC pilot program with major banks" [Link]
Bring on the sewers!!