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Nov. 8, 2024 - The David Knight Show

09:35

Tokenization - Outsourcing Tyranny to Create a De Facto CBDC

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	Well, welcome back.
	McGowan 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 Salenti'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 Salenti's Trends Journal, with the code NIGHT. 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, We're
	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 and would thus fulfill the ominous statement by the World Economic Forum that you will own But be happy, right?
	And so this is the type of – this tokenization, I think, maybe we 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 some artwork to people at 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, but even more easily, like you would authenticate a signature on a baseball, by a baseball player, something like that.
	But certainly, they understand this.
	Think is all about that.
	When 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 Steve Pachenik was saying with the sting.
	He said, hey, look, 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, etc.
	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've tokenized and they want to be able to track and trace.
	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, Wine Press News says, according to the Bank of International Settlements, a relatively unknown entity referred to as the central banks, whose mission is to, quote, support central banks' pursuit of monetary and financial stability through international cooperation and to 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.
	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, and 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.
	Here's a reminder.
	Essentially, if done right, X would serve people's financial needs to such a degree that over time it would 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 sort of 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.
	Like I said, least amount of fraud.
	Everything's real time.
	And if it involves money in any way, it can be dealt with seamlessly on one location.
	And you notice that whatever we're kind of using for money, you know, whatever that is, and we're going to talk.
	The Common Man.
	music 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 TheDavidKnightShow.com Thank you for listening.
	Thank you for sharing.

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