You’ll NEVER BELIEVE Who’s Behind CBDCs & Fast Payments!!

Fed now will be launching in the next few days 
but it's not the only fast payment system out   There central banks around the world have been 
secretly rolling out fast payment systems for   Years and they've been doing so with the help 
of the World Bank and the Bill and Melinda Gates   Foundation if that wasn't scary enough there's 
almost no public information about this initiative   Which goes by the name of project fast with two 
T's of course that didn't stop Team coin Bureau   From going down the rabbit hole so in this video 
You're going to hear everything about the plan   To convert all Payment Systems into fast payment 
systems and convert all fast payment systems into   Central Bank digital currencies stay tuned let's 
start with a bit of background the World Bank is   An international organization that's closely 
aligned with U.S interests this makes sense   Considering that the institution was established 
during World War II specifically at the Bretton   Woods conference which also established the 
US dollar as the world's Reserve currency   Similarly to the international monetary fund or 
IMF the world bank's purpose is to issue loans   To developing countries also like IMF loans 
World bank loans come with lots of conditions   Recently these conditions have focused on ensuring 
the United Nations sustainable development goals   Or sdgs are met if you watched our recent video 
about the un's digitization report you'll know   That the sdgs appear to be the origin of dystopian 
ideas like digital IDs cbdcs and smart cities   The sdgs are also the origin of the 2030 date 
you keep seeing everywhere every country must   Meet the un's sdgs by 2030. our research suggests 
that the sdgs are being enforced by International   Organizations that represent the private sector 
and the public sector on the private sector side   You have organizations like the world economic 
Forum or ref whose ESG investment criteria are   Explicitly based on the un's sdgs on the public 
sector side meanwhile you have organizations like   The World Bank which have been issuing loans 
to countries with sdg type conditions attached   Many of these loans have apparently focused on 
restricting the usage of fossil fuels which has   Made it difficult for some countries to get out 
of poverty from what we can tell the incentive   For the private sector is greater profits 
at least in theory for the public sector   The incentive is control mainly geopolitical 
control now obviously there's lots of overlap   Between these groups Global governments are 
often lobbied by International corporations   And nowhere is this overlap more apparent than 
the relationship between the World Bank and the   Bill and Melinda Gates Foundation if you watched 
our video about digital IDs you'll know that the   Bill and Melinda Gates Foundation has been working 
closely with the World Bank to roll out a digital   ID as it so happens The Gates Foundation has also 
been working closely with the World Bank to roll   Out fast payment systems we discovered this 
when doing research for our video about fednow   The World Bank has a page that tracks fast payment 
system development and this is what it says quote   Fast payments also known as instant real-time 
immediate rapid make funds immediately available  

To beneficiaries and can be used around the 
clock on a 24 7 basis they are supported by   Central infrastructures which enable Banks and 
non-banks to connect and to build additional   Overlay services for end users the payment 
systems Development Group of the World Bank has   Assisted more than 120 countries in modernizing 
their payment systems over the years and more   Recently has played a leading role in global 
research and technical assistance to countries   On fast payment systems project fast is a new 
milestone in this critical work sponsored by   The Bill and Melinda Gates Foundation end quote 
now if you saw that video we made about fednow   You'll know that it seems to be a precursor to a 
full-blown Central Bank digital currency or cbdc   A digital currency that gives the government and 
Central Bank total control over your transactions   This got us wondering if this is true of 
all fast payment systems but we quickly   Encountered a problem besides the paragraph I 
just quoted there is literally no information   About project fast anywhere on the internet the 
link provided in the paragraph redirects to the   Bill and Melinda Gates foundation's website 
which contains no mention of project fast   Searching for the words project fast returns 
just a dozen results all of which lead to nowhere   Searching for the full acronym frictionless 
affordable safe timely transactions yields   Just three results all of which come from a 
central banking publication that mentioned   Project fast in a recent report not only 
that but there's almost no information about   The world bank's Payment Systems Development 
Group or psdg the link provided in the world   Bank's paragraph redirects to a page which 
details this group's initiatives and reports   But provides next to no information about its 
structure or funding so that gave us only one   Option and that was to go digging through as many 
related documents as possible to get the answers   To our growing list of concerning questions 
and boy did we find some concerning answers   Let's start with the psdg the earliest document we 
could find about the psgg dates back to November   2007 not long before the global financial 
crisis the document in question is a report   About measuring the development of payment systems 
around the world the key theme was going cashless   In a program update from 2010 the psdg said the 
following quote central banks and all stakeholders   In the retail Arena must work together in a 
clear strategy to promote the Intensive use   Of retail electronic payment instruments and 
reduce the importance of checks for context   Stakeholder is a word that's often associated with 
the world economic Forum its code for the world's   Most powerful individuals and institutions case in 
point West founder and chairman Klaus Schwab said   In a recent interview that he created the weft so 
that stakeholders could meet check the guest list Now another interesting thing in that program 
update is a graph that the psdg has used in other   Reports it shows the rate of non-cash transactions 
by region naturally the authors take issue with   The fact that developing countries aren't using 
electronic Payment Systems as much as the European  

Union once the authors fail to mention is that 
European citizens also love cash and want to keep   Using it this was revealed in a survey conducted 
by the European Central Bank as part of its   Digital Euro research you can learn more about 
that using the link in the description I digress   Now in case it wasn't clear enough the psdg seems 
to be focused on getting everyone off cash as   Quickly as possible this would explain why it's 
been working so closely with the bill of Melinda   Gates Foundation on digital ID for so long digital 
ID is required for digital payment systems to work   Here is where things get interesting you'll recall 
that the one paragraph about project fast notes   That the psdg has quote played a leading role 
in global research and technical assistance to   Countries on fast payment systems well it appears 
that the psdg only has one publication about fast   Payments by contrast the psdg has half a 
dozen Publications about cbdcs and some of   These were written with the help of the bank for 
international settlements or bis for reference   The bis is the bank for central banks and it's 
been helping central banks around the world   Coordinate their cbdc development in one of these 
reports the psdg and bis state that cbdcs may not   Be necessary because quote combining different 
payment Innovations such as open application   Programming interfaces apis fast payment services 
contactless chips and QR codes could achieve many   Of the same goals in other words fast payment 
systems are functionally the same as cbdcs   This doesn't mean cbdcs won't be developed 
however in another report the psdg and bis   Call for quote interoperability between cbdc and 
non-cbdc systems such as fast payment systems rtgs   Systems or other systems rtgs stands for real-time 
gross settlement by the way and if your brain is   Starting to melt with all the initialisms in 
this video then my apologies you're not alone   Anyway put simply it appears that fast payment 
systems and cbdcs will be developed side by side   And they will also be interoperable the report 
written by the psdg and bis suggest that this   Interoperability will be both domestic 
and international setting the stage for   A global cbdc system as envisioned by the bis 
more about that in the description moving on   Now when it comes to project fast the project 
appears to have begun in January 2021. this   Is when the World Bank First announced that 
it would be putting together a fast payments   Toolkit to quote inform policy and implementation 
choices for fast payment systems around the world   The authors of the announcement note that 
quote the toolkit is based on desk research   And consultations with more than 65 stakeholders 
around the world including Regulators standard   Setting bodies operators system participants and 
Industry bodies remember what stakeholders means   Oddly enough the toolkit in question appears to 
be project fast itself meaning that the Bill and   Melinda Gates Foundation has been a key if not the 
key player in this initiative the first report on   The project fast website dates to September 2021 
which is also when the page was first archived   Most of these reports aren't that interesting 
or relevant but there are a few which are the  

Report about messaging standards the report about 
interoperability and the report about cross-border   Payments when you put the three together what 
you get is more evidence of an emergent global   Cbdc system first the messaging standards quote 
ISO 20022 is the most standardized message with   Predefined structure syntax and format followed by 
ISO 8583 and proprietary messages if you watched   Our aforementioned video about fednow you'll know 
that it uses the iso 20022 messaging standard   You'll also know that some cryptocurrencies 
are also compliant with the iso 2o22   Messaging standard meaning they are theoretically 
interoperable with fast payment systems and cbdcs   This is either bullish or bearish depending on who 
you ask the list of cryptos includes xrp xlm and   Algo what you may not know is that 40 countries 
have a form of fast payment system already and   Almost all of them are compliant with the iso 
20o22 standard the world bank's datasheet notes   That most fast payment systems were introduced in 
2017 and 2018 presumably because of cryptocurrency   Next the interoperability quote a cbdc network and 
a fast payments Network do not necessarily have to   Compete one potential option in this space would 
be using a cbdc as a settlement currency for a   Fast payment system this may be particularly 
attractive in a cross-border context where   Settlement risk is high today due to slow and 
inefficient processes for cross-border payments   FYI using a cbdc as a settlement currency seems to 
be the direction that the FED is headed with fed   Now the FED now that's scheduled to be released 
later this month is just the first iteration of   Many more to come it's possible if not likely that 
other fast payment systems already have similar   Road maps and finally cross-border payments 
quote stakeholders developing a cross-border   Fast payment system FPS should account for 
the introduction and expansion of cbdc to   Determine the feasibility of including cbdc in 
a cross-border FPS Arrangement this includes the   Development of flexible interfaces as part of 
a cross-border FPS Arrangement that would allow   For a future linkage with a cbdc network in some 
then fast payment systems will eventually become   Cbdc's and all cbdcs will integrate globally then 
again this is mostly circumstantial evidence what   We need is a Smoking Gun something that proves 
that fast payment systems will become cbdc's   And converge to create a global cbdc system and 
funnily enough the World Bank has put the Smoking   Gun front and center on the project fast website 
The Smoking Gun in question can be found in a   Report that the report page notes as the quote 
main report it was published in September 2021   And contains a section about the future of fast 
payment systems here are some of the highlights   Quote crypto assets appear to be on the rise 
globally including some that certain individuals   And firms consider to be a medium of exchange 
if these crypto assets with payment capabilities   Gain more mainstream acceptance a question will 
arise as to whether or how they shall or could   Become interoperable with existing Payment 
Systems including fast payments now this is   Significant and not just for the cryptos that are 
already interoperable with the iso 20022 standard  

In theory central banks could replace stable 
coins with fast payment systems and cbdcs in   Practice this would be a very bad outcome because 
it means all crypto prices would be controlled and   That is why we need to build a decentralized 
stablecoin that can't be controlled ASAP   Another highlight quote recently the industry has 
been giving more thought to how programmability   Could be integrated with fast payments for 
example some players in the industry believe   That connecting to existing distributed ledgers 
would facilitate programmable fast payments   This is significant because it suggests that 
existing Payment Systems can be upgraded to become   Programmable for those unfamiliar programmability 
makes it possible for the central banks and   Governments to control your payments what you 
can buy when you can buy it etc etc and then the   Smoking Gun itself quote as central banks continue 
to explore the development of Central Bank digital   Currencies the interplay between cbdcs and fast 
payments is likely to receive further attention a   Cbdc network and fast payments do not necessarily 
have to compete one potential option in this space   Would be using the fast payment System payment 
rails for cbdcs in other words put the cbdcs   Onto the fast payment systems that already exist 
now some would say that this is the most logical   Option and therefore the one that most central 
banks will take but wait there's more quote   The cpmi report enhancing cross-border payments 
building blocks of a global roadmap recognizes   That interlinking retail Payment Systems 
including fps's and wholesale payment   Systems such as rtgs systems allows payment 
service providers to interact directly through   The linked infrastructure and reduces their 
Reliance on traditional correspondent banking   Translation combine the individual and 
institutional electronic Payment Systems   Together but why stop there why not tokenize 
every asset in existence and put it on this   System so that every single transaction and 
asset in the economy can be totally controlled   Well project fast is one step ahead of you quote 
integration of fps's into other Financial Market   Infrastructures has furthered the usage of fast 
payments for example investments in capital   Markets and payments for future transactions are 
opening the gates for integration for all markets   Translation use fast payment systems for assets 
not just payments you will own nothing and be   Happy because everything you own will be on a 
network controlled by the Central Bank where   The government can turn off your ownership at 
any time brought to you as so often by Bill   Gates I honestly have no idea how he finds the 
time now this raises the question of what this   Global fast payment system cbdc hybrid is going 
to look like one of the best answers we could   Find came from Michael Steinbach CEO of equine's 
worldline at Dutch card payments company he was   Interviewed about quote Global fast payments back 
in 2017. Michael explained that implementing fast   Payments is going to be an even bigger task 
than the implementation of the Euro or the   Sepa transfer system used in Europe he said that 
banks have been having difficulty integrating with  

These systems and have outsourced this development 
as a result on that note it's believed the reason   Why Bill Gates is so involved in philanthropy is 
because it gives him access to companies that are   On The Cutting Edge of Technology be it digital 
IDs cbdcs Etc this allows him to invest early on   And make Mad Money by Cashing Out further down 
the line or so I've heard anyway speculation   Aside Michael revealed that the implementation of 
fast payment systems will vary between countries   And Banks but the result will be the same a 
radical change to how payments are processed   Michael predicts that all card payments will 
be replaced by instant payments AKA QR codes   As a fun fact our research suggests that the 
reason why the elites are so obsessed with QR   Codes is because QR codes are the most compatible 
with fast payment systems and cbdcs cash and cards   Not so much hence why they will both be eliminated 
be it by force by inflation or by human apathy   The most terrifying part of it all is that Michael 
acknowledged that creating a global instant   Payment system is going to be a big risk however 
he believes that it will also be a big opportunity   More evidence of the idea that the private sector 
is on board because of perceived future profits   However as we mentioned in our video about these 
dystopian Technologies these perceived future   Profits assume that people will voluntarily adopt 
these Technologies reports by institutions in both   The public and private sector suggest that the 
adoption of things like cbdcs and digital IDs   Will be very low even if governments and 
central banks succeed in coercing people   To adopt these Technologies they can't force 
everyone to use them on a day-to-day basis   The caveat with fast payments is that most people 
have no idea that when they sign up to use them   They're signing up for a cbdc in the future 
that's why the only way to prevent fast payment   Systems and cbdcs from achieving Mass adoption 
is through education and by pointing people to   Safer Alternatives that can't be controlled the 
fact that project fast tacitly recognizes crypto   As a competitor to these systems suggests it 
is one alternative but again this assumes that   The cryptocurrencies in question are truly 
decentralized as I've mentioned many many   Times before most cryptocurrencies are not that 
decentralized and we have yet to develop a truly   Decentralized stable coin that can be a direct 
competitor to fast payment systems and cbdcs   Never mind all the hurdles to use or adoption 
like objectively bad user interfaces that said I'm   Confident that a truly decentralized stablecoin 
will come around before it's too late take a   Second to consider that Michael made all those 
comments way back in 2017 and we're only just   Starting to see fast payment systems and cbdc's 
get off the ground crypto has a head start and   Is much faster all we need to do is keep up the 
pace and we will win the race and that's all for   Today's video if you found it informative smash 
that like button to help others find it if you   Want to make sure you stay informed subscribe to 
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If you're already hedging yourself against this 
hellish system by using crypto make sure you're   Trading on safe crypto exchanges and storing 
your SATs on the most secure wallets the coin   Bureau deals page has got forty thousand dollars 
of airdrop bonuses and the biggest discounts on   The best hardware wallets the link will be in 
the description for your convenience as always   Thank you for watching and I'll see you next time 
from Klaus and from me it's goodbye and good luck