Don't Speak News

The Bank of Russia’s CBDC has proven its “efficiency and functionality”

From Edward Slavsquat on Substack

Praising the “efficiency and functionality” of the Bank of Russia’s CBDC, Russian President Vladimir Putin instructed his government on Wednesday to prepare for the widespread introduction of the digital ruble.

“Now we need to take the next step, namely: move to a broader, full-scale implementation of the digital ruble in the economy, in business activities and in the financial sector,” Putin said during a meeting on economic issues.

Since August 2023, the Bank of Russia has been conducting a pilot program for the digital ruble involving 12 banks, 600 individuals and 22 trade service enterprises. The program will be expanded in September to include an additional 20 credit institutions. Participants will be able to make payments via QR code during the second phase of testing.

The law on the digital ruble was adopted in July 2023, designating the Bank of Russia’s CBDC as the third form of national currency. The CBDC will be introduced into the economy beginning in 2025.

Despite widespread opposition to the digital ruble from across Russia’s political spectrum, the Bank of Russia and its media cheerleaders claim that the traceable, programmable, centralized digital token will help bypass sanctions and fight corruption through greater financial transparency.

However, Moscow already has an alternative to SWIFT that can be used to circumvent sanctions, and the Bank of Russia already has the ability to monitor all money transfers in the country.

On Russian Telegram channels, reactions to Putin’s call for the “full-scale implementation” of the digital ruble were mostly negative.

The good news is that the Russian government might be too incompetent to fulfill Putin’s dream of a CBDC paradise.

“Considering the fantastic ability of the Russian authorities to fail any projects, skepticism about [the widescale adoption of the digital ruble] does not dissipate,” Russian commentator Anatoly Nesmiyan observed.

Editors Commentary: Edward does a great job at exposing what’s really going on inside of Russia, not the airbrushed propaganda that RT and Sputnik push out.

That being said I love articles like this one because it shows what Russia is really doing and it shows that Putin is NOT A HERO LIKE MANY PEOPLE (some of you included) KEEP TELLING ME! Putin is as sold out as any other leader in the West and he lies about everything just as well as they do. Just because a leader may SAY the right things in a speech doesn’t mean he believes it or will act on it. Sadly far too many people still fall for their slick words.

The Bible tells us in Psalm 146:3 to NOT put our trust in princes, in mortal man who cannot save. Then why do believers in Christ do it? I see it on social media everyday and it’s called IDOL WORSHIP! You don’t get to heaven that way and you won’t inherit eternal life. Jesus summed it up best in John 5:43; I have come in my Father’s name, and you do not receive me. If another comes in his own name, you will receive him. Yes that is exactly what happens and you can see it with the Trump deception and you can see it with the Putin idol worship.

At the end of the day every nation in the world is in on the great reset. They all have different roles to play but make no mistake they’re all moving in lockstep and following a playbook. I believe a big expansion of the world war is coming and it will strike America and Europe but I think America will really get smashed hard. Stay ready because it will happen with little to no warning. Prayed up and prepped up at all times. Johnny

You can support this ministry and keep us on the internet using the links below.  Patreon is gone so now we havePayPal, Cash App and Buy me a Coffee as our online options.  The new buy me a coffee link is below.

Free Ebook on Spiritual Warfare

Buy me a Coffee

Cash App ID: $jstorm212

Paypal Link:  https://paypal.me/johnnystorm?country.x=US&locale.x=en_US