Discussion on Digital Currency Control

If you look at what they wanna do, um, what they wanna do

is put on your currency, your bank

deposits, and your stocks and bonds, what I call a manual,

um, an automatic third lock. Do you know what a third lock is?

No.

Okay, let me describe this. If you and I do a transaction,

and I wanna buy w- a Tucker Carlson hat, and you wanna

sell it to me, I give you cash, I get the hat,

that's a two-lock transaction. You have a lock, I have a lock.

If one of us says no, it can't happen. Okay?

Let's say we have money in the bank, and I wanna buy the hat, and I'm

gonna transfer money. I'll do an ACH to you for the cost of

the hat. The bank has rules from the Treasury

Department.

It has sanctions. It has to know your customer rules.

It has other regulations, and it has the ability to

intercede and stop the transaction for those reasons, okay?

And, and that's a sort of what I call a manual

third lock.

So they... The bank gets a third lock implementing

the government regulations.

Um, and so if you look at what happened to the

truckers in

Canada,

they had all, not all, but most of the banks exercise that

manual third lock under the direction of the government.

What the government wants to do and, and what the Treasury

and the central banks

want is they want an automatic third lock, so you don't have to go

through the bank.

And not only can you apply sanctions and know your customer

and money laundering laws, you can apply a full-blown social credit

system, right? So I can make up

a hugely complex rule system for

Tucker and his kids and his grandkids.

I can, I can customize it for each one of you,

and I can give

you incentives, and I can give you rules, and unless you

do exactly what I say, I can turn off your money,

or I can apply negative interest rates to your money, or positive

interest rates. I can raise your taxes without anybody

having

any say about it. So let me give you an example.

Go back to the pandemic.

If I say you're locked down and you and your family can't leave your house,

your money won't work outside your house if I have an all-digital

system with an automatic third lock.

And let's say I freeze your bank account.

You can't go to your bank and talk to them. It's above their head.

They won't be implementing it, okay?

That gives them... That's what the data centers are for.

That's what the AI f- is for, at least in North America.

You know, the goal of that, because if you, if you look at spatial control,

it involves, uh, tremendous data because of the

videos and the cameras, and you've got lots of video footage.

But then you can imagine financial transactions all over the world,

if they're

gonna bring four billion customers from around the world into the

dollar markets or the d- the, our stock market.

That's a huge amount of data for spatial and financial control.

And, and but with AI, what is AI great at?

AI is fabulous at processing enormous amounts of mathematical

information, which is most of the information, the data we're

talking about. And so if they can put a manual third

lock in a social credit system for every individual

and, and, and essentially automate the whole process

with

AI, then, then they have the ability, in fact, to

control many, many people.