China’s new digital currency is a Trojan horse “disguised as a payment mechanism,” says Erik Bethel, a global finance professional who served as the U.S. representative to the World Bank. “There are a lot of ways that the Chinese government could use this as an instrument of surveillance, tying it to their social credit score,…
Erik Bethel: China’s New Digital Currency Is Tool for Mass Control, in China and Beyond
February 8, 2022
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Digital Yuan Means Even More Control Over People of China
Commentary Beijing takes the lead in central bank digital currencies (CBDC) and the new era of expanding monetary and currency control around the world. Leave it to the world’s largest slave state to roll out the first national digital currency. Leveraging the global attention of the upcoming Winter Olympic Games in Beijing, the People’s Bank…
China to Use Beijing Olympics to Promote Digital Yuan in Challenge to Dollar Hegemony
The Chinese regime is planning to promote its newly-developed digital yuan at the upcoming Beijing Winter Olympics. Experts have warned the digital currency could threaten the hegemony of the U.S. dollar in the future. The Winter Olympics is several weeks away. The Chinese regime’s official news agency Xinhua said earlier this month the digital yuan…
The Risks of CCP China’s Digital Yuan Are Understated: Part II
Commentary This is the second of a two-part article articulating the risks of CCP China’s new digital yuan, the e-CNY. Part I details the risk to people and businesses in CCP China. This Part II addresses the geopolitical and geostrategic risks of the digital yuan to other nations and Western-style democracies. The power the…
The Risks of CCP China’s Digital Yuan Are Understated: Part I
December 21, 2021
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Commentary This is the first of a two-part article articulating the risks of CCP China’s new digital yuan, the e-CNY. Part I details the risks to people and businesses in CCP China. Part II addresses the geopolitical and geostrategic risks of the digital yuan to other nations and Western-style democracies. GCHQ, the UK’s…
Examining China’s Digital Currency Ambitions
Beijing is pushing a unique financial campaign: urging Chinese citizens and businesses to start using digital currency across the nation. And once that’s done, it has plans to promote that digital currency worldwide, eventually looking to achieve international use. But why go through all the trouble? It may be part of Beijing’s long game to…
US Should Ban China’s Central Bank Digital Currency: Investment Manager Kyle Bass
July 12, 2021
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The communist regime in China is going to use its new state-controlled digital currency as a Trojan horse to project its authoritarianism all over the world, warned hedge fund manager Kyle Bass, and it could become a “cancer” plaguing the United States if it is not banned, he said. “Imagine a currency that almost has…
US Should Ban China’s Digital Yuan: Investment Manager Kyle Bass
July 12, 2021
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2022 winter olympicsBusinessBusiness & EconomyChinaChinese Communist PartyChinese Regimedigital yuanEconomieseconomykyle bassUSUS NewsUS-China relations
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The communist regime in China is going to use its new state-controlled digital currency as a Trojan horse to project its authoritarianism all over the world, warned hedge fund manager Kyle Bass, and it could become a “cancer” plaguing the United States if it is not banned, he said. “Imagine a currency that almost has…
China in Focus (May 21): Digital Yuan Helps China’s Global Currency Ambition [Premiering on 5/21 at 9pm ET]
In this special report, we discuss China’s ambition to dominate the global monetary system. The Chinese regime is speeding up its plans for digital currency… Wang Xin ,Director of People’s Bank of China Research Bureau said, “The Digital Renminbi is being tested in many regions in China.” Building a cross-border payment system to push the…
China in Focus (May 21): Digital Yuan Helps China’s Global Currency Ambition
In this special report, we discuss China’s ambition to dominate the global monetary system. The Chinese regime is speeding up its plans for digital currency… Wang Xin ,Director of People’s Bank of China Research Bureau said, “The Digital Renminbi is being tested in many regions in China.” Building a cross-border payment system to push the…
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