How A New Financial Crisis Will Be Used To Force You Onto A CBDC November 12, 2023 Unipro2013main Bankingcrisis, News, World Economy, World News </p> <h2>How A New Financial Crisis Will Be Used To Force You Onto A CBDC</h2> <p> Watch Part 1 Here: https://youtu.be/gM9X-voGXnA<br /> The year 2020 was marked by the global CO, which prompted governments and institutions worldwide to introduce a wide array of unprecedented measures to mitigate its economic and social impact. Here are some examples:<br /> Unprecedented Monetary Policy Measures:<br /> The U.S. Federal Reserve’s decision to buy corporate bonds, including those of ‘fallen angels’ (companies that have been recently downgraded from investment grade to junk status).<br /> Many central banks introduced or expanded their quantitative easing programs, buying government bonds and other assets at an unprecedented scale.<br /> Massive Fiscal Stimulus:<br /> Many countries, including the U.S., Canada, and the UK, sent direct cash payments or stimulus checks to citizens.<br /> Germany enacted its largest post-war aid package, breaking with its tradition of fiscal prudence.<br /> Loan and Grant Programs:<br /> The Paycheck Protection Program (PPP) in the U.S. provided forgivable loans to small businesses to incentivize them to keep employees on the payroll.<br /> Australia’s JobKeeper Payment subsidized wages to help businesses retain employees.<br /> Eviction Moratoriums and Rent Reliefs:<br /> Several countries, including the U.S. and parts of Europe, temporarily banned evictions to prevent homelessness during the pandemic.<br /> Some regions also offered rent relief or subsidies.<br /> Travel Restrictions and Quarantine Measures:<br /> Many countries imposed international and, in some cases, domestic travel restrictions, a measure not widely seen since 1918.<br /> Mandatory quarantine measures for international travelers, with some countries like New Zealand and Australia instituting managed isolation in hotels.<br /> Economic Support for Specific Sectors:<br /> France provided substantial support to its domestic airline industry.<br /> Italy nationalized its flag carrier, Alitalia, in response to the pandemic’s economic fallout.<br /> Digital Health Passports:<br /> Some countries and airlines began developing and implementing digital health passports to verify CO test results or status for travelers.<br /> Deferred Loan Payments:<br /> Financial institutions in various countries offered deferred loan payments for mortgages and other types of loans to provide relief to borrowers.<br /> Universal Basic Income (UBI) Trials:<br /> While the idea predates 2020, the pandemic renewed interest in UBI. Spain, for instance, fast-tracked a form of UBI, aiming to reach the country’s poorest families.<br /> These measures reflect the global urgency and novel challenges posed by the CO. Many of them would have been politically or economically unthinkable just a year before.</p> <p>Timestamps:<br /> Unprecedented Monetary Policy Measures 0:00<br /> Universal Basic Income Trials 6:33</p> <p>Credit to : The Money GPS</p> <p> Please support our Sponsors here :
