Topic: Project Aurum

2 chapters across the catalog

The Bank for International Settlements (BIS) is developing "Project Aurum," a system designed to integrate central bank digital currencies (CBDCs) with decentralized cryptocurrencies into a "retail e-wallet." This system, often referred to as a "unified ledger," would allow for total monitoring and control of individual spending based on ideological compliance. Jones and Elliott argue that physical silver and gold are the only ways to escape this digital social credit system.

The Bank for International Settlements has reportedly finalized "Project Aurum," a prototype for central bank digital currencies (CBDCs). This technology allows for "programmable money" that can be restricted based on a user's social credit score or political affiliations. Dr. Kirk Elliott warns that the technology is now ready for full implementation, likely following a major cyber-security crisis.