How A New Financial Crisis Will Be Used To Force You Onto A CBDC
Watch Part 1 Here: https://youtu.be/gM9X-voGXnA
The year 2020 was marked by the global CO, which prompted governments and institutions worldwide to introduce a wide array of unprecedented measures to mitigate its economic and social impact. Here are some examples:
Unprecedented Monetary Policy Measures:
The U.S. Federal Reserve’s decision to buy corporate bonds, including those of ‘fallen angels’ (companies that have been recently downgraded from investment grade to junk status).
Many central banks introduced or expanded their quantitative easing programs, buying government bonds and other assets at an unprecedented scale.
Massive Fiscal Stimulus:
Many countries, including the U.S., Canada, and the UK, sent direct cash payments or stimulus checks to citizens.
Germany enacted its largest post-war aid package, breaking with its tradition of fiscal prudence.
Loan and Grant Programs:
The Paycheck Protection Program (PPP) in the U.S. provided forgivable loans to small businesses to incentivize them to keep employees on the payroll.
Australia’s JobKeeper Payment subsidized wages to help businesses retain employees.
Eviction Moratoriums and Rent Reliefs:
Several countries, including the U.S. and parts of Europe, temporarily banned evictions to prevent homelessness during the pandemic.
Some regions also offered rent relief or subsidies.
Travel Restrictions and Quarantine Measures:
Many countries imposed international and, in some cases, domestic travel restrictions, a measure not widely seen since 1918.
Mandatory quarantine measures for international travelers, with some countries like New Zealand and Australia instituting managed isolation in hotels.
Economic Support for Specific Sectors:
France provided substantial support to its domestic airline industry.
Italy nationalized its flag carrier, Alitalia, in response to the pandemic’s economic fallout.
Digital Health Passports:
Some countries and airlines began developing and implementing digital health passports to verify CO test results or status for travelers.
Deferred Loan Payments:
Financial institutions in various countries offered deferred loan payments for mortgages and other types of loans to provide relief to borrowers.
Universal Basic Income (UBI) Trials:
While the idea predates 2020, the pandemic renewed interest in UBI. Spain, for instance, fast-tracked a form of UBI, aiming to reach the country’s poorest families.
These measures reflect the global urgency and novel challenges posed by the CO. Many of them would have been politically or economically unthinkable just a year before.
Timestamps:
Unprecedented Monetary Policy Measures 0:00
Universal Basic Income Trials 6:33
Credit to : The Money GPS