Editor’s note: This is a lightly edited transcript of the accompanying video from professor Peter St. Onge.
It’s official: Universal Basic Income will be the Trojan horse they use to replace the dollar with a government-run surveillance crypto-token, or central bank digital currency.
Last week, Thailand’s left-wing government announced a program to give free money to 50 million Thais with the catch that it will be in the form of a CBDC.
The program is large—$14 billion, which is equivalent to nearly $1 trillion in U.S. terms. But only if you join the borg.
I’ve been warning for years they would use free money or a Universal Basic Income to impose a CBDC in the next recession. Using a CBDC’s ease of administration—after all, a bureaucrat can, at the touch of a button, give money to millions of people or take it from millions of people.
This would…
