The Bank of Russia's CBDC is officially Russia's third form of currency
Look if you don't want to use the digital rubles you don't have to. The Kremlin will not deprive its citizens of privacy its just that citizens who value privacy more than the well being of central bank share holders will not be able to participate in the economy as fully as before. But there is no compulsion involved here, the Kremlin is simply going to provide positive incentives like being able to legally buy and sell goods. Its obvious that the biggest obstacle to economic growth in Russia is lack of transparency on the part of average citizens who lack foreign bank accounts and make less than 50
billion rubles a year.
The guys fighting on the frontlines in Zaporozhye, Adveeka, Bakhmut etc aren't giving their all every day so that the bottom 97% of Russian wage earners can continue parasiting off the top 3%. Like some anonymous guy on the internet famously said, Russia has only 3 allies, the army, navy, and the shareholders of the central bank and all their friends and respected partners.
Really interesting how the real movers and shakers within high finance can always play so much people,and no not only the "normies" but also the oh so awake indy media content creators and consumers,by providing simple dichotomies either left-right or east-west but no matter what happens "trust the scam!"
Riley, you don't understand. There is American and "collective West" digital currency, which is bad. And there is Russian and in general BRICS digital currency which is patriotic and whose usage is guaranteed to give the users goosebumps and make them feel like they are launching blows against the Empire. Don't you wanna help people revel in their illusions and delusions? 😂
Thanks a LOT, Riley! The degree to which so many here are determined to Not $ee is scary. Hey, that Czech treat looks good.
Russia is Rothschild controlled. This is the final proof in need. They want a cbdc because the financial system is going to collapse and they want an controlled implosion and remain the masters.
Riley, "For better or worse (probably for worse, but you never know!)" .......
....... I think we know.
As the song suggests: "under my thumb...."
Well at least you had a good meal, Riley, although I admit that I'm jealous of the beer and an ashtray on the table.
The crickets in all aspects of Western Media, including the "alternative," is rather telling. Shh, can't have the proles realize the "cosmopolitan" nature of their problems. Keep doing your thing, Riley, your reporting is greatly appreciated by this nationalist.
Olga Skorobogatova, what a telling family name, for our western frens: « Olga Get-Rich-Quickoff »
"I checked RT.com, the #1 source for Russia News. Nothing."
A scant one-line mention of the rollout appeared in the ticker on RT's live news—with the currency spelled "rouble".
And in June, the IMF announced that they're working on a global CBDC platform:
"RABAT, June 19 (Reuters) - The International Monetary Fund (IMF) is working on a platform for central bank digital currencies (CDBCs) to enable transactions between countries, IMF Managing Director Kristalina Georgieva said on Monday.
"CBDCs should not be fragmented national propositions... To have more efficient and fairer transactions we need systems that connect countries: we need interoperability," Georgieva told a conference attended by African central banks in Rabat, Morocco.
"For this reason at the IMF, we are working on the concept of a global CBDC platform," she said.
The IMF wants central banks to agree on a common regulatory framework for digital currencies that will allow global interoperability."
This is global dystopia rapidly unfolding itself.
I saw RT's Rory Suchet, and another Limey Expat, on their news 1/2 hour, discussing the joys and convenience of the digital fiat Ruble - which is, of course, the only logical solution to circumventing Internationally Illegal, unilateral sanctions...
I'm beginning to suspect that we're all getting played... If Vlad the Magnificent wanted to declare 5-D Checkmate against the Globalists, and switch to a Gold-backed, paper Ruble - now would be the time for that to happen.
A "real digital ruble" is a contradiction in terms. Nothing digital is real. I can pick up 'real' and put it in my pocket, or take it out of my pocket and give it to somebody else in payment for something I want or need. If you want to invest in Bitcoin, be my guest, but don't make me laugh by claiming that Bitcoin is a safe haven in case of societal melt-down. When paper money is worthless, try buying food or a weapon on the black market with Bitcoin. They'll barter or accept gold (or maybe silver), thank you very much.
“The main provisions of the law will come into force on August 1, 2023.”
Just in time for that ‘gold-backed’ BRICS currency due to be announced on August 22-24 in South Africa? 🥳 Seriously, I wouldn’t be surprised to see them use a gold backing in order to ‘sweeten’ the deal for people accepting a CBDC, plenty of useful idiot Trump/Putin/MuskTards on ZeroclueHedge (who sold out to Google Adsense by the way) willing to sell their soul to the devil “because this time it’s different.” 🙄 /sarc
YAY, congrats! World's first financial concentration camp!
The general public are like calves being led to slaughter, frisky and frolicking one moment and dead the next.
You know all those novels about a dystopian future............this is what they were talking about.
YOU HAVE TO FIGHT AGAINST THE MADNESS.
WAKE UP. YOUR HOUSE IS ON FIRE.
Fortunately, the magic digital ruble is as safe and effective as the magic science juice. There's a difference of course. The magic ruble is not administered with needles.
from Seymour Hersh:
Biden’s anxieties over the Ukraine War and the election in 2024 come into view
Ukrainian President Volodymyr Zelensky shakes hands with Lithuanian President Gitanas Nauseda, next to, from left to right, Spanish Prime Minister Pedro Sánchez, UK Prime Minister Rishi Sunak, Turkish President Recep Tayyip Erdogan, US President Joe Biden, Italian Prime Minister Giorgia Meloni, and NATO Secretary General Jens Stoltenberg at the NATO Summit on July 12 in Vilnius, Lithuania. / Photo by Paul Ellis, Pool/Getty Images.
Let’s start with a silly fear but one that does signal the Democratic Party’s growing sense of panic about the 2024 Presidential election. It was expressed to me by someone with excellent party credentials: that Trump could be the Republican nominee and will select Robert F. Kennedy Jr. as his running mate. The strange duo will then sweep to a huge victory over a stumbling Joe Biden, and also take down many of the party’s House and Senate candidates.
As for real signs of acute Democratic anxiety: Joe Biden got what he needed before the NATO summit this week by somehow turning Turkish President Recep Tayyip Erdogan inside out and getting him to rebuff Vladimir Putin by announcing that he would support NATO membership for Sweden. The public story for Biden’s face-saving coup was talk about agreeing to sell American F-16 fighter bombers to Turkey.
I have been told a different, secret story about Erdogan’s turnabout: Biden promised that a much-needed $11-13 billion line of credit would be extended to Turkey by the International Monetary Fund. “Biden had to have a victory and Turkey is in acute financial stress,” an official with direct knowledge of the transaction told me. Turkey lost 100,000 people in the earthquake last February, and has four million buildings to rebuild. “What could be better than Erdogan”—under Biden's tutelage, the official asked, “finally having seen the light and realizing he is better off with NATO and Western Europe?” Reporters were told, according to the New York Times, that Biden called Erdogan while flying to Europe on Sunday. Biden’s coup, the Times reported, would enable him to say that Putin got “exactly what he did not want: an expanded, more direct NATO alliance.” There was no mention of bribery.
A June analysis by Brad W. Setser of the Council on Foreign Relations, “Turkey’s Increasing Balance Sheet Risks,” said it all in the first two sentences—Erdogan won re-election and “now has to find a way to avoid what appears to be an imminent financial crisis.” The critical fact, Setser writes, is that Turkey “is on the edge of truly running out of usable foreign exchange reserves—and facing a choice between selling its gold, an avoidable default, or swallowing the bitter pill of a complete policy reversal and possibly an IMF program.”
Another key element of the complicated economic issues facing Turkey is that Turkey’s banks have lent so much money to the nation’s central bank that “they cannot honor their domestic dollar deposits, should Turks ever ask for the funds back.” The irony for Russia, and a reason for much anger in the Kremlin, Setser notes, is the rumor that Putin has been providing Russian gas to Erdogan on credit, and not demanding that the state gas importer pay up. Putin’s largesse has been flowing as Ergodan has been selling drones to Ukraine for use in its war against Russia. Turkey has also permitted Ukraine to ship its crops through the Black Sea.
All of this European political and economic double dealing was done openly and in plain sight. Duplicity comes much differently in the United States.
Careful readers of the Washington Post and the New York Times can sense that the current Ukraine counter-offensive is going badly because stories about its progress, or lack thereof, have mostly disappeared from their front pages in recent weeks. ...