ARTICLE

World Economic Forum Calls For Digital One World Currency

News Image By Adam Eliyahu Berkowitz/Israel 365 News 
Share this article:

Dr. Phillipa "Pippa" Malmgren, a technology entrepreneur and economist, spoke at the annual meeting of the World Economic Forum being held in Davos, Switzerland, this week, dropping a bombshell prediction that the world is well on its way to implementing an electronic banking system that would open every transaction of every person to government scrutiny.

"I was very privileged. My father was the adviser to Nixon when we came off the gold standard in '71, so I was brought up with a kind of inside view of how very important the financial structure is to absolutely everything else," Malmgren said.

"And what we're seeing in the world today is I think we are on the brink of a dramatic change where we are about to - and I'll say this boldly - we're about to abandon the traditional system of money and accounting and introduce a new one, and the new one - the new accounting - is what we call blockchain."


"It means digital," she continued. "It means having an almost perfect record of every single transaction that happens in the economy, which will give us far greater clarity over what's going on."

Unlike current cryptocurrencies, the system Malmgren describes will give the central banks complete control over people's money. The banks will be able to track every transaction and even control how it is spent, blocking it from being transferred to people or organizations it deems undesirable. 

This may sound like a dystopian sci-fi scenario of the distant future, but this was already seen in Canada when, without a court order, Prime Minister Justin Trudeau used emergency powers to order banks to freeze accounts of individuals who donated to the Freedom Convoy. Crowdfunding sites were also forced to return millions of dollars that had been collected for the truckers. 


The Biden administration also accessed bank records to track bank account debit card or credit card purchases made in Washington, D.C, during the Jan. 6 riot investigation. In October, even greater government overreach was avoided when the Biden administration backed down on a proposal to direct the IRS to collect additional data on every bank account that sees more than $600 in annual transactions.

Implementing such a global digital currency system would require the establishment of a global digital currency and a global digital identity for every person on the planet. 

Rafi Farber, an Israeli economist and financial journalist who blogs and videos under the pen The End Game Investor, combines Torah knowledge with financial wisdom. He compared the New World Order and a global digital currency system to the Tower of Babel.


"Blockchain technology is just an excel spreadsheet that is spread around so everyone can see it," Farber explained. "They are extremely trackable. This is the same as what banks are already doing. Banks and governments are always looking for a way to monitor transactions, and blockchain technology is not a new thing. The governments are already doing this. But they are forced to look at the transactions from multiple sources."

"If this becomes centralized, it will just make it easier for the government."

"The practical difference in switching from what we are using now, which is mostly digital anyway, to central bank digital banking is that cash will be outlawed. When you outlaw cash, every single thing becomes trackable. Nothing is too small."

Originally published at Israel 365 News - reposted with permission.




Other News

June 16, 202510 Reasons This Is Not The Gog/Magog War Described In Ezekiel 38

As war rages between Israel and Iran, many believers are asking a serious question: Is this the war prophesied in Ezekiel 38--the apocalyp...

June 16, 2025Oil Markets On Edge: How Iran Could Send Prices Through The Roof

The specter of Tehran closing or severely disrupting traffic through the Strait of Hormuz has thrown oil markets and global economies into...

June 16, 2025Two Decades Of American Folly Made Israel’s Iran Strike Necessary

Like many, if not most, wars, the conflict between Israel and Iran didn't have to happen, and certainly, not in this way. That won't be th...

June 16, 2025It Wasn't Always This Way: The Forgotten Friendship Between Iran And Israel

For many around the world, the Iran-Israel relationship is defined by decades of hostility, threats, and war. Yet, it wasn't always this w...

June 14, 2025Israel’s Crushing Blow Leaves Iran With Few Cards Left

In the span of just a few days, the Islamic Republic of Iran has seen its military prowess shattered, its defenses overwhelmed, and its st...

June 14, 2025Unprecedented: How Israel's Mossad Pulled Off A Masterstroke Inside Iran

In an extraordinary demonstration of intelligence prowess and military precision, Israel launched a stunning, covert attack deep inside Ir...

June 14, 2025Christian Zionists Are Reminded That Not All Conservatives Are Friends Of Israel

As Israel wages a fierce and targeted campaign against Iran, waves of airstrikes shaking the region, an unexpected front has opened--not i...

Get Breaking News