Tokenization – Outsourcing Tyranny to Create a De Facto CBDC

SPREAD THE WORD

BA WORRIED ABOUT 5G FB BANNER 728X90


Summary

➡ A fan asked David, a financial analyst, to explain tokenization. Tokenization is a process where everything is turned into a unique digital record on a blockchain, which can be bought, sold, and traded. This system is crucial for the effectiveness of central bank digital currencies, allowing banks to track all transactions and purchases in real time. However, there are concerns that this could lead to excessive tracking and tracing of individuals, including personal information like health history and potential future actions.

Transcript

Well, welcome back. A Magooan fan says, David, I’m a chartered financial analyst, and I attended events concerning tokenization. Please post a segment about this so I can pass it along. We don’t see the danger. Book smarts versus street smarts. Well, there happens to be an excellent article about tokenization on Wine Press News, and it refers to Gerald Solenti’s Trends Journal back in December of 2023. Saw this coming, and he’s got one of the best explanations in Trends Journal I’ve seen anywhere. By the way, you can get 10% off of Trends Journal, Gerald Solenti’s Trends Journal with the code NITE.

Just go to trendsjournal.com. You can see samples of it there. Excellent stuff, and relevant. It’s not about Taylor Swift. It’s about tokenization. And so, Wine Press News comments and says, it may not get an ounce of mainstream or even alternative media coverage, but right now, world central banks, financial juggernauts, fintech groups are rapidly developing a system by which literally everything will be converted into a unique digital record stored on a blockchain. This process is known as tokenization, where all things will be converted into a token, a piece of digital representation that’s then bought, sold, and traded as a commodity.

This system is needed to truly enable proper effectiveness for central bank digital currencies. Such a system would fully allow central banks and asset managers to know precisely what people possess at all times, as all transactions and purchases would be completely tracked and mitigated in real time, and would thus fulfill the ominous statement by the World Economic Forum that you will own nothing but be happy. And so, this is the type of, this tokenization, I think, maybe you should call it fiatization, in a sense, because they can take things that are worthless.

I mean, look at the NFTs, right? Non-fungible tokens. And Trump is certainly on board with that. He’s made a lot of money selling, you know, some artwork to people, inflated prices, and saying, it’s unique. You now own this type of thing. And they can trace the ownership of it, so they can authenticate it just in the same way that you would authenticate a signature on a, even more easily, like you would authenticate a signature on a baseball, by a baseball player, or something like that. But certainly, they understand this. Think is all about that.

We start to look at things like ETFs and stuff like that. We’ve looked at that in the past, and paper gold and paper silver. You’ve had derivatives like we kind of blew up the real estate market. You know, real estate derivatives are not real estate, okay? Paper gold is not gold. Paper silver is not silver. But by putting things in a derivative status, and what they’re doing is they’re kind of adding this blockchain aspect of it, which is supposed to give it some authenticity. And yet, at the same time, it’s going to make it very, very traceable.

That’s one of the things that Steven Chinnock was saying with the stings. Hey, look, we can, you know, we had blockchain, watermark ballots, so we can trace all these things. Those guys have been plotting this kind of stuff for quite some time. Now, of course, that was a lie. They didn’t have that. But that would be the way that you would track what people do, whether they’re voting or doing something else. So in December 2023, Chen’s journal warned, envision for a moment a mechanism where every single conceivable asset, including life itself or life expectancy, which is also an asset, is reduced into a token.

Well, I’m here to reveal to you that this is exactly what is going to happen. The new tokenized system is going to represent, he says, pay attention to that word, represent not just currency and other financial assets, such as real estate, but all assets, including you, your past, what you have done, even speculation on what you may do, including things like your life expectancy. Understand that the internet of things is also going to be the internet of people because they see you as a thing that needs to be tracked and traced.

What you earn, what you will potentially earn in the future, what you buy, what you may buy, past illnesses, potential future illnesses, family history, what medications you take, what medications you will probably need in the future, your VAX record, your DNA, et cetera, which means that this new token based system in its entirety will reduce, will represent everything to a digital tradable asset. Human life is going to become a tradable cross border convertible asset, along with every manner of its associated derivatives. Tokenization is simple and incredibly cost effective. Tokenization eliminates the need for any asset to be converted into something else or transactions that take place anywhere in the world.

This is the universal new world, one world system. And when Elon Musk starts talking about, well, I can see that X is going to be some way that we have money, whatever money is, whatever they, whatever they’ve tokenized and they want to be able to track and trace and, you know, he says, we could do that there. I could see it being half of the world’s transactions. So again, what is a token? Well, winepress new says, according to the bank of international settlements, a relatively unknown entity referred to as the central banks of central banks, whose mission is to quote, support central banks, pursuit of monetary and financial stability through international cooperation and act as a bank for central banks.

That’s their definition. They define tokenization as quote, the process of representing claims digitally on a programmable platform, unquote, like X, you know, maybe, or any of these, adding that a token can be seen as the next logical step in digital record keeping and asset transfer. A token is a digital asset that can be manipulated by a financial institution. A tokenized customer’s deposit is subject to the rules defined by its issuer. For example, the token may be spent or exchanged only within the scope of a predefined set of rules. An asset, for example, a customer’s bank deposit may have rules that allow the money to be spent only on certain services or products.

This is what we’ve talked about, the danger of central bank digital currency. Sorry, you’ve had too much meat. I don’t like it when people buy more than X amount of milk or whatever. You can’t, I’m not going to approve that transaction. Block it. And they track everything that you have consumed. Further, a token stores all information about the underlying asset, the previous owners, the dates of purchase, sale, transaction dates, et cetera. And this data is all stored on the blockchain that is managed by a financial institution or maybe by Elon Musk’s X.

Musk seems to have a lot of enemies on Wall Street. And they’re probably also not happy about his desire to replace banks with companies like X, which Musk wants to turn into the largest payment and bank replacement app in the world. And here’s a reminder. Essentially, if done right, the X would serve people’s financial needs to such a degree that over time it would become, I don’t know, maybe half of the global financial system, or some big number. I’m not sure what the number is, but pretty big. So it would be by far the biggest financial institution, but like I said, not really in the way that people are used to thinking about banks.

Just the most efficient database for the thing that is money. They said like the least amount of fraud, everything’s real time. And if it involves money in any way, it could be dealt with seamlessly on one location. And you notice they said, yes, whatever we’re kind of using for money, whatever that is, and we’re going to talk. The common man. They created common core to dumb down our children. They created common past to track and control us. Their commons project to make sure the commoners own nothing and the communist future. They see the common man as simple, unsophisticated, ordinary, but each of us has worth and dignity created in the image of God.

That is what we have in common. That is what they want to take away. Their most powerful weapons are isolation, deception, intimidation. They desire to know everything about us while they hide everything from us. It’s time to turn that around and expose what they want to hide. Please share the information and links you’ll find at TheDavidnightshow.com. Thank you for listening. Thank you for sharing. If you can’t support us financially, please keep us in your prayers. TheDavidnightshow.com. Thank you. [tr:trw].

See more of The David Knight Show on their Public Channel and the MPN The David Knight Show channel.

Author

Sign Up Below To Get Daily Patriot Updates & Connect With Patriots From Around The Globe

Let Us Unite As A  Patriots Network!

By clicking "Sign Me Up," you agree to receive emails from My Patriots Network about our updates, community, and sponsors. You can unsubscribe anytime. Read our Privacy Policy.

BA WORRIED ABOUT 5G FB BANNER 728X90

SPREAD THE WORD

Leave a Reply

Your email address will not be published. Required fields are marked *

How To Turn Your Savings Into Gold!

* Clicking the button will open a new tab

FREE Guide Reveals

Get Our

Patriot Updates

Delivered To Your

Inbox Daily

  • Real Patriot News 
  • Getting Off The Grid
  • Natural Remedies & More!

Enter your email below:

By clicking "Subscribe Free Now," you agree to receive emails from My Patriots Network about our updates, community, and sponsors. You can unsubscribe anytime. Read our Privacy Policy.

15585

Want To Get The NEWEST Updates First?

Subscribe now to receive updates and exclusive content—enter your email below... it's free!

By clicking "Subscribe Free Now," you agree to receive emails from My Patriots Network about our updates, community, and sponsors. You can unsubscribe anytime. Read our Privacy Policy.