The financial infrastructure of the Great Reset has arrived as Rishi Sunak was named the next UK Prime Minister without a vote – welcome, global currency.
On 14 October 2021, the Group of 7 (“G7”) published a set of Public Policy Principles for Retail Central Bank Digital Currencies (“CBDCs”). This was published “alongside a G7 Finance Ministers and Central Bank Governors’ Statement on CBDCs and digital payments.”
If you are still unsure why CBDCs will bring about the end to our freedoms there are numerous resources available but you can start by exploring articles we’ve previously written about this subject HERE.
The G7 report was compiled by the CBDC drafting group consisting of representatives from finance ministries, and central banks of the G7 alongside invited contributors from other central banks and international organisations. The list of contributors to the public policy principles can be seen on pages 26 and 27 of the report and includes representatives from the G7 countries as well as the European Union, Switzerland, Bank for International Settlements (“BIS”), Organisation for Economic Co-operation and Development (“OCED”), International Monetary Fund (“IMF”) and the World Bank.
Recently installed Prime Minister Rishi Sunak proudly announced the launch of the G7’s new report on Central Bank Digital Currencies.
With Japan feeling the pressure as China moved forward with a digital yuan in February 2020, the G7’s formal discussions about digital currencies started later that year when The Bank of Japan set up a digital currency working group. CBDCs were raised again in 2021.
The 2021 G7 Leaders’ Summit held in Cornwall, England, on 11-13 June was presided over by the UK with the aim to “help the world build back better from the Covid-19 pandemic and create a greener, more prosperous future.” The UK invited Australia, India, South Korea and South Africa as guest countries to the meeting.