pay close attention to the fat scumbag banker;

 

My answer: it enables CBDC.

Of course, governments have already encroached on our privacy and freedoms in ways our forefathers couldn’t have imagined. But even with the creeping surveillance state, the government can’t fully implement programmable currency without authenticated identity on every transaction. They’re components of the same beast. Digital ID is the authentication layer while CBDC is the currency that runs on top of it.

Stop Digital ID and you prevent CBDC from being built at any scale that matters.

The institutions driving this, the usual suspects including the Bank of International Settlements (BIS) and the United Nations, are quite explicit about their intentions. Their own documentation spells it out: digital identity is a requirement for centralized digital currency. And in case the documents aren’t clear enough, Agustín Carstens, the former GM of the BIS couldn’t have been more explicit about their goals:

“A key difference with the CBDC is that central banks will have absolute control on the rules and regulations that will determine the use of that expression of central bank liability, and also we will have the technology to enforce that.”..............more...........