WEF Central Banker: We Used COVID to Destroy Cash

The first part of a two-day discussion at the World Economic Forum (WEF) in Riyadh, Saudi Arabia, focused on global collaboration, growth, and energy for development. Global economic leaders and senior political figures engaged in discussions on various pressing issues such as inclusive growth, human capital, smart economy, and regional geopolitical tensions. During the “Opening Plenary: A New Vision for Global Development,” Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), highlighted the positive fundamentals for growth that the world has developed in recent years, showcasing resilience to economic shocks.

What “economic shocks” in “recent years” is the IMF mouthpiece referring to?

Khalid Humaidan, Bahrain's chief central banker, elaborated:

I think the transition to fully digital is not going to be a stretch, people are used to it, people are engaged in it, and circumstances that help is adoption rates increased because of Covid.

This is where contactless [payment systems] started to become something of a necessity, something of a safety, something of a requirement, and because of that there is very little resistance, trust is already there…

"There's less use of cash [...] The transition to fully digital is not going to be a stretch [...] People are used to it [...] Its adoption rates increased because of COVID [...] There is very little resistance": Central Bank of Bahrain Governor Khalid Humaidan to the WEF on CBDC pic.twitter.com/zB7nJAi48G

— Tim Hinchliffe (@TimHinchliffe) April 29, 2024

Note his distinctly Cambridge accent, which would indicate he was groomed in some British boarding school and elite higher education, the logical conclusion to which being that his loyalties lie much more with the multinational ruling class than with his countrymen in Bahrain. His brown skin and distinctly Middle Eastern facial features are the most superficial irrelevancies; he might as well be Chinese or sub-Saharan African or Norwegian. The relevant criteria for the position he is placed in is his unquestioning subservience to the globalist cause.

In his role as chief executive at the Bahrain Economic Development Board, Humaidan serves the WEF Centre for the New Economy and Society.

He goes on to describe the transition away from cash, predicting that at some point the term “central bank digital currency” will be dropped because it will, in the future, simply be conceptualized in the same way that physical cash is now:

We're probably going to stop calling it central bank digital currency [CBDC]. It's going to be a digital form of cash, and at some point in time hopefully we will be able to be 100% digital.

"We're probably going to stop calling it central bank digital currency [CBDC]. It's going to be a digital form of cash, and at some point in time hopefully we will be able to be 100% digital": Central Bank of Bahrain Governor Khalid Humaidan to the WEF https://t.co/Pspr0M1Uuq pic.twitter.com/N5aOkCpzh1

— Tim Hinchliffe (@TimHinchliffe) April 29, 2024

This is the frog boiling in water analogy: it starts with a voluntary program marketed to the public as a tool of convenience and efficiency, only to slowly replace any alternatives by fiat and become a transparent tool of social control, even though that’s how it was intended by the governing authorities all along. The technocrats’ bet is that at such a point that the abuse of this new technology becomes fully transparent and indisputable, any means of resistance will be nullified and it won’t matter.

(This is why it’s always optimistic to remember the adage that “if resistance were impossible, the propaganda wouldn’t be necessary.” It’s only after the propaganda, whether regarding CBDC or any other social engineering cause, ceases to be useful to the state and it abandons any attempt at persuasion that we have entered the stage of totalitarianism.)