Digital Tyranny Is One Step Closer!

Remember the parable of the frog, who slowly gets cooked to death, in a pot as the temperature rises – well, the same in true for Australians, as civil liberties such as the use of cash, are removed, even as the digital architecture for future control gets put in place. You can see parallels elsewhere round the world, and aligned with the agenda of several high profile non-elected bodies like the World Economic Forum – of “you will own nothing and be happy” fame.

Australia’s Digital ID Bill 2023 was initially introduced to the Senate on November 30, 2023, and has since undergone a Senate inquiry and brief consultation period before this week being pushed through the Senate without debate. Despite assurances of voluntariness and promises to simplify citizens’ lives, the Labor government has faced backlash for the lack of scrutiny given to the bill.

And there is of course the wider, story here potentially linking digital ID with Central Bank Digital Currency and Social Scores, perhaps enabling the idea peddled by the World Economic Forum and other non-elected global entities, that we the people can be better controlled in terms of what we can, say, or even purchase. So you value your privacy, liberty and the rule of law, the Digital ID Bill must be defeated, time to put pressure back on the house of representatives when the amended bill comes back.

http://www.martinnorth.com/

Go to the Walk The World Universe at https://walktheworld.com.au/

Digital Finance Analytics (DFA) Blog
Digital Finance Analytics (DFA) Blog
Digital Tyranny Is One Step Closer!
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Digital Tyranny Is One Step Closer!

Remember the parable of the frog, who slowly gets cooked to death, in a pot as the temperature rises – well, the same in true for Australians, as civil liberties such as the use of cash, are removed, even as the digital architecture for future control gets put in place. You can see parallels elsewhere round the world, and aligned with the agenda of several high profile non-elected bodies like the World Economic Forum – of “you will own nothing and be happy” fame.

Australia’s Digital ID Bill 2023 was initially introduced to the Senate on November 30, 2023, and has since undergone a Senate inquiry and brief consultation period before this week being pushed through the Senate without debate. Despite assurances of voluntariness and promises to simplify citizens’ lives, the Labor government has faced backlash for the lack of scrutiny given to the bill.

And there is of course the wider, story here potentially linking digital ID with Central Bank Digital Currency and Social Scores, perhaps enabling the idea peddled by the World Economic Forum and other non-elected global entities, that we the people can be better controlled in terms of what we can, say, or even purchase. So you value your privacy, liberty and the rule of law, the Digital ID Bill must be defeated, time to put pressure back on the house of representatives when the amended bill comes back.

http://www.martinnorth.com/

Go to the Walk The World Universe at https://walktheworld.com.au/

The Programmable Finance Trap! [Podcast]

We need to think ahead as to how Digital Identity, Central Bank Digital Currency and Programmable Money will interact, and ask the all-important question are we comfortable with these developments. Who is in control, and to what extent will we really be able to opt out?

CONTENTS

0:00 Start
00:15 Introduction
01:05 Should A CBDC Be Programmable?
03:55 We Already Have Directed Spending
05:09 BasicsCard and Cashless Debit Card
08:22 Tracking Transactions and Directing Payments
09:00 Digital Euro
09:45 Digital US Dollar
10:45 The Bitcoin Proxy
11:10 China CBDC Pilot and Social Score
19:10 Current Digital Identity Consultation
21:58 Current Issues
22:45 27th October Deadline
23:00 Summary and Conclusions

As I reported earlier in the week a Senate inquiry has recommended that Treasury should lead a policy review of the viability of a retail central bank digital currency in Australia. This is something the Reserve Bank of Australia has been reluctant to entertain given it could increase the likelihood of a run on commercial bank deposits in a crisis. In fact, the RBA has been focussing on Commercial orientated CBDC pilots. But the Senate committee has asked Treasury to study the case for creating a retail ‘central bank digital currency’ to compete with private currencies being created by tech companies.

But what are we really getting into here? Well, back in June The Bank of England called on ministers to decide whether a central bank digital currency should be “programmable”, ultimately giving the issuer control over how it is spent by the recipient.

I suspect many will be totally unaware of Australian Digital Identity Programme and the current inquiry which is running. You have until 27th October to make a submission.

But my point is, say the Government gave you an account at the Reserve Bank, for digital currency, but to access it you needed a Digital ID, and the funds were programmable. Not only would spending be tracked, but certain types of transactions could be encouraged or restricted. Combined the Governments tentacles of control would be extended, and our liberties further eroded.

My worry is that we may be heading for an Aldous Huxley’s, Brave New World which will be controlled by the central planners. Even as we speak, the components are being strung together. So time to have your say.

https://www.digitalidentity.gov.au/

Go to the Walk The World Universe at https://walktheworld.com.au/

Digital Finance Analytics (DFA) Blog
Digital Finance Analytics (DFA) Blog
The Programmable Finance Trap! [Podcast]
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The DNA Of A Surveillance State [Podcast]

We have been trained to accept QR code check-ins, and now vaccine passports are coming. But this is morphing more into a dystopian 1984 future. So for philosophical Sunday we look at this issue, in the light of China’s trajectory of control, and recent attempts by Police to access data for normal criminal investigations, not directly connected with the current emergency.

Go to the Walk The World Universe at https://walktheworld.com.au/

Digital Finance Analytics (DFA) Blog
Digital Finance Analytics (DFA) Blog
The DNA Of A Surveillance State [Podcast]
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The Great Reset – Future State, Current State? [Podcast]

Today we look at the “Great Reset”. Is it a real thing?

0:00 Start
0:33 Introduction
2:54 World Economic Forum Event
6:25 IMF Negative Rates Required
8:15 Who Are The WEF?
11:25 The Fourth Industrial Revolution
15:08 No Privacy, No Possessions
21:09 AI and Robots
22:34 Davos Manifesto
24:55 Conclusion
26:50 Outtro

https://www.weforum.org/great-reset/

https://www.weforum.org/agenda/2016/11/how-life-could-change-2030/

Go to the Walk The World Universe at https://walktheworld.com.au/

Digital Finance Analytics (DFA) Blog
Digital Finance Analytics (DFA) Blog
The Great Reset - Future State, Current State? [Podcast]
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Payments And Banking In Australia [Podcast]

I discuss an important book written by Nikesh Lalchandani, which covers the history of banking and payments in Australia, and the digital evolution currently underway.

Digital Finance Analytics (DFA) Blog
Digital Finance Analytics (DFA) Blog
Payments And Banking In Australia [Podcast]
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“Digital Assets” – What”s Going On? – With Caroline Bowler [Podcast]

I caught up with Caroline Bowler the CEO of BTC Markets to discuss the latest developments around the regulation of Digital Assets. Things are moving very fast.

Digital Finance Analytics (DFA) Blog
Digital Finance Analytics (DFA) Blog
"Digital Assets" - What''s Going On? - With Caroline Bowler [Podcast]
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The Arrival Of Digital Gold [Podcast]

I catch up with the CEO Of Infinigold Jon Deane as we discuss the concept of digitalised physical gold.

Note: there is no commercial relationship between DFA and Infinigold, Independent Reserve or the Perth Mint!

Digital Finance Analytics (DFA) Blog
Digital Finance Analytics (DFA) Blog
The Arrival Of Digital Gold [Podcast]
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The Decentralisation Of Finance [Podcast]

Caroline Bowler, the CEO of BTC Markets and I discuss the digital revolution currently underway. Things are going to get interesting!

Note: DFA has no commercial relationship with BTC Markets.

Digital Finance Analytics (DFA) Blog
Digital Finance Analytics (DFA) Blog
The Decentralisation Of Finance [Podcast]
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From Hardware To Software To Netware – The Basis Of American Power In The C21 [Podcast]

Associate Professor Salvatore Babones and I discuss the rise of the network giants and consider how they are shaping American power in the current century.

http://salvatorebabones.com/

https://www.sydney.edu.au/arts/about/our-people/academic-staff/salvatore-babones.html

Digital Finance Analytics (DFA) Blog
Digital Finance Analytics (DFA) Blog
From Hardware To Software To Netware - The Basis Of American Power In The C21 [Podcast]
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