Ed Dowd Warns AI Cyberattack Could Pave the Way for CBDC Surveillance

Former BlackRock portfolio manager Ed Dowd predicts a rogue AI

cyberattack will be used as a pretext to roll out CBDCs,

granting authorities unprecedented control over financial transactions.

He warns that these technologies will ultimately enable governments to impose

arbitrary limits on purchases through AI-surveilled programmable money.

How do you see it unfolding in the United States, the surveillance?

I see them linked together. Maybe you see it differently,

but the surveillance

CBDC, central bank digital currency, digital dollar

structure, how do you see that unfolding?

Well, let's go back to COVID. It became clear to me, uh, when COVID

happened, I saw a, uh, interview, uh, James

Bullard, then president of the St. Louis Fed.

He was on Face the Nation. It was April 20th, I'll never forget it, of,

uh,

2020.

And that's when it all clicked for me.

Uh, there was this talk of the economy being

shut down.

We were in lockdowns, and she was asking the question of him.

And a- again, why is a Federal Reserve president

speaking on this?

That's when it, that's when my ears, uh, uh, picked up.

And he, he said, uh, "When can we open the economy?" "Well,

the good news is we

have all sorts of new surveillance technology." He said that.

Uh, and, and we'd be able to do, um,

uh, immunity testing, and we could issue badges.

This is a year before talk of a vaccine.

Uh, and I saw, I saw, oh, this, this is gonna be linked.

They're gonna link vaccine cards, vaccine passports to a

digital ID, uh, you know, you know, uh, six-month

boosters. So that's, that was... Their, their plan was to roll out

the CBDC with that. So they're late to their plan.

They're gonna try to do it again, I think, um, in an

economic downturn. That's when they'll try to roll it out.

Uh, some sort of AI, you know, rogue cyberattack

where money disappears from banks.

That could also be, um, you know, a, an opportunity for

them. But they're gonna try it again.

They're gonna try to roll out the digital ID linked to the

CBDC. And, you know, Captain Austin Pitts talks about this.

Right now, when you do a transaction, there's you and this other party,

and you, and you, and you decide to transact.

The CBDC, uh, and stablecoins, backdoor way to do

it, they wanna introduce a lock mechanism, so there's a third party that

decides whether that transaction can go through.

So right now, we're free to, like, express ourselves economically

with people for the most part, either cash or credit.

Uh, but they want a, they want a,

uh, AI-surveilled, uh, third lock to determine

whether or not that transaction is allowed to happen.

The only way you can do that is with a CBDC.

So that's the ultimate goal. It's control freaks.

And, you know, there was a, um,

uh, the Bank of International Settlements, one of the bankers, he was an

enormous... I forget his name, but he's an enorm-

enormous Jabba the Hutt-looking

character, basically said it, it would be a way to control

behaviors.

We don't know, for example, who's using a $100 bill

today. We don't know who is using a 1,000 peso bill today.

A, a, a key difference in, with the CBDC is

that central bank will have absolute control

on the rules and regulations that will determine the use of

that, uh, expression of central bank liability,

and also we will have the technology to enforce that.

So imagine, you know, 10 years from now in the

future, they have a CBDC. Uh, the, uh, there's a new

government. They've decided to issue beef quotas.

You can't have more than, you know, 10 grams of beef in a month.

You go to the grocery store. You've already had your 10 grams.

You try to buy more, and the transaction

is blocked at the cash register.

That's the third lock done by AI, automatic.

That's the kind of level of control they want