The movie Song Bird predicted a future of never-ending pandemics and lockdowns forever. Meanwhile, the Chinese government is establishing police forces all around the world while creating a new cryptocurrency that rivals the US dollar. Will 2023 be the year that America comes under total control of the Chinese? Chinese-style lockdowns and a universal income seem to predict a future in which the Mark of the Beast will finally be introduced.
The Chinese government is minting cash digitally, in a re-imagination of money that could shake a pillar of American power.
It might seem money is already virtual, as credit cards and payment apps such as Apple Pay in the U.S. and WeChat in China eliminate the need for bills or coins. But those are just ways to move money electronically. China is turning legal tender itself into computer code.
Cryptocurrencies such as bitcoin have foreshadowed a potential digital future for money, though they exist outside the traditional global financial system and aren’t legal tender like cash issued by governments.
China’s version of a digital currency is controlled by its central bank, which will issue the new electronic money. It is expected to give China’s government vast new tools to monitor both its economy and its people. By design, the digital yuan will negate one of bitcoin’s major draws: anonymity for the user.
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