Monday, April 1, 2024
Puddledpnw: Zimbabwe to Keep Local Dollar Despite Losses, Revamp Plans, Ncube Says, 1 APRIL
Puddledpnw: Zimbabwe to Keep Local Dollar Despite Losses, Revamp Plans, Ncube Says
March 23, 2024 at 11:38 AM PDT
Zimbabwe plans to keep its local dollar, a currency that has lost value every single trading day of the year, even as fiscal and monetary authorities work on new plans to revamp the currency, according to Finance Minister Mthuli Ncube.
“We will have a domestic currency, there will always be a domestic currency so there is no way that we cannot have one,” Ncube said in an interview Saturday in Zimbabwe’s second biggest city of Bulawayo. “It’s very important to have a domestic currency so that we don’t just rely on foreign currency only for transactions.”
Coffee with MarkZ. 04/01/2024
SWIFT Completes 2nd Test of Global CBDC Payments Platform BY AWAKE IN 3D, 1 APRIL
SWIFT Completes 2nd Test of Global CBDC Payments Platform
Agenda 2030 Milestone: SWIFT Completes 2nd Test of Global CBDC Payments Platform
On March 27, 2024
By Awake-In-3D
SWIFT’s new platform enables financial institutions to carry out a wide range of financial transactions using CBDCs, tokenized assets and fiat currencies.
In This Article:
- Overview of Swift’s Recent CBDC Interlinking Solution Test
- The Implications of a Centralized Digital Financial System
- Risks and Concerns Surrounding Centralization and Privacy
- Detailed List of Test Participants Globally
On March 25, 2024, SWIFT, the global provider of secure financial messaging services, announced a significant advancement in the digital currency arena.
The completion of the second phase of industry-wide sandbox testing on its central bank digital currency (CBDC) interlinking solution heralds a new era of financial transactions.
Swift’s solution has already been shown to enable cross-border transfers and connect CBDCs and tokenized assets on different networks with each other, as well as with fiat currencies. ;
This development promises to seamlessly integrate digital currencies into existing financial infrastructures, but it also raises critical questions about the future of financial sovereignty and privacy.
A Closer Look at Swift’s Groundbreaking Test
Swift’s announcement comes at the culmination of extensive collaboration among 38 key financial players, including central and commercial banks, highlighting the platform’s potential to streamline trade flows and enable efficient FX currency settlements.
With over 750 transactions successfully executed during the sandbox testing, Swift’s solution stands as the infrastructure of interoperability in a digital age currently fragmented by varying financial technologies and protocols.
The 2030 Plan to Establish Centralized Global Control Took a Major Step Forward
At the heart of this innovation lies the concept of centralization, a notion that is increasingly becoming synonymous with control in the digital finance sphere.
The promise of streamlined transactions and enhanced operational efficiencies comes with the likelihood of a centralized entity wielding unprecedented power over the global financial system.
This centralization poses significant risks, including the potential for surveillance, control over individual and national financial activities, and a single point of failure in the global economy.
Privacy and Autonomy Hang in the Balance
The advancement of CBDCs and digital asset tokens under a centralized system like Swift’s raises the level of concerns about privacy and financial autonomy.
In an era where data is gold, the ability of a single entity to monitor, track, and potentially control financial transactions presents a dystopian vision of the future, reminiscent of science fiction narratives.
The Bottom Line
The benefits of Swift’s CBDC interlinking solution are undeniable, offering the promise of a more efficient and interconnected global financial system.
However, the trade-offs between convenience and control, privacy and efficiency, cannot be overlooked.
We must all be proactive to ensure that technical innovation is balanced with the preservation of financial sovereignty and individual rights.
The future digital financial landscape must be developed as a space of freedom, not fear.
The Latest SWIFT CBDC Platform Test Included Global Financial Powerhouses
Below is a list of some of the prominent financial entities that participated in the Swift CBDC interlinking solution test.
This diverse group includes central banks, commercial banks, and market infrastructures from around the globe, underscoring the widespread interest and potential impact of this initiative on the future of digital finance.
Central Banks and Monetary Authorities:
- Reserve Bank of Australia
- Czech National Bank
- Banque de France
- Deutsche Bundesbank
- Monetary Authority of Singapore
- Central Bank of the Republic of China (Taiwan)
- Bank of Thailand
Commercial Banks:
- ANZ (Australia and New Zealand Banking Group Limited)
- Citibank
- DBS Bank (The Development Bank of Singapore Limited)
- Deutsche Bank
- HSBC (The Hongkong and Shanghai Banking Corporation)
- Hua Nan Commercial Bank
- Intesa Sanpaolo
- NatWest Group
- Santander (Banco Santander, S.A.)
- Société Générale
- Standard Chartered
- Sumitomo Mitsui Banking Corporation
- The Shanghai Commercial & Savings Bank, Ltd.
- The Standard Bank of South Africa
- United Overseas Bank
- Westpac Banking Corporation
Market Infrastructures:
- CLS Group (Continuous Linked Settlement)
- DTCC (The Depository Trust & Clearing Corporation)
This list not only illustrates the global reach and significance of the initiative but also highlights the collaborative effort across different sectors of the financial industry to explore and potentially integrate CBDCs into their operations.
Reference link for SWIFT Press Release: https://www.swift.com/news-events/press-releases/swift-sets-industry-seamless-introduction-cbdcs-cross-border-transactions-interlinking-solution-finds-more-use-cases
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JUDY NOTES, 1 APRIL
Judy Note: As Central Banks continued to fail because of their fiat currencies, Globalists were frantically trying to keep everything intact by developing a non-asset-based digital CBDC fiat currency system that would completely control your life – telling you, for instance, where and if you could buy food depending on your Social Credit Score – a formula based on your devotion to their Leftist Agenda.
Meanwhile the Q Movement’s BRICS gold/asset-backed Sovereign Nation’s currencies were due to be implemented after the “New Beginnings Easter Sunday” on Mon. 1 April.
All qualifying nations of the World (meaning they won’t participate in war) had their own gold/asset-backed currencies that, through this Global Currency Reset, were at a 1:1 value to each other.
Along with that new Quantum Financial System that worked on your personal Quantum Phone and Computer through the new and secure Star Link Satellite System, came the GESARA law. Personal tax would be nonexistent as GESARA ensured a sustainable revenue stream for all governments.
Sometime in April 2024 a new standard tax rate of 14% on new non-essential items would be implemented across the Globe. No tax on income, food or medicine.
- Fri. 29 March Dangers of the Deep State Cabal’s CBDCs: “CBDCs will become an instrument of power and control. They can program it so that your credit cards will only work, for example, at grocery stores within a half a mile radius of your home. But they won’t buy you gasoline, they won’t allow you to get an airplane ticket, they won’t allow you to travel and buy items and foods in other parts of the country. If the government has those kinds of powers over us, we’re all in a lot of deep trouble.” …RFK Jr .
- Thurs. 28 March: CO27 Banks are talking about stealing the planet from under you, monetizing every part of the natural world including trees and selling it to you whilst pocketing the profit. CBDC’s will allow them to deduct even the air you breath!
- April 2024 Worldwide Implementation of GESARA: With GESARA, we are ushering in an era where personal tax becomes superfluous from a monetary perspective and ensures a sustainable revenue stream for all national governments. A new standard tax rate of 14% on new non-essential items will be implemented across the Globe. No tax on personal income, food or medicine.
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