Wed Jul 12, 2023 – 5:50 pm EDT
(LifeSiteNews) — A prominent German economist says central banks plan to concretize central bank digital currencies (CBDCs) in the form of microchips implanted under the skin, a technology that would enable absolute government control over personal finances.
“I was taught by a central banker [that] the CBDCs look like a small grain of rice that they want to put under your skin,” said professor Richard Werner, who devised the now widely used (and according to Werner, abused) bank practice of quantitative easing, in a recent interview with Ivor Cummins.
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Central bank digital currencies, in contrast with other forms of digital currency used today, require that individuals open bank accounts directly with central banks such as the Federal Reserve, giving governments control over citizens’ access to money.
“You have to think of CDBCs as a control system [or a permit system], not a currency,” Werner explained, adding that the level of control would be such that our money would no longer be truly our own.
Werner, who shared that he has spent time at various central banks, believes such planned implanted CBDCs are a “violation of human
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