While we’re distracted, a very serious project is quietly moving forward

Diversion is a strategy used to prevent an important issue from arising, diverting attention away from what should be addressed. In this sense, in times of great national upheaval (World Cup, for example) or international (pandemic), I always wonder if the “system” would not take advantage of the general distraction to advance projects which, in time normal, and with attention of public opinion, would not prosper.

In these heartbreaking days of war in Ukraine and national strife, I wonder if there is something quietly moving forward, something important that has not received the public attention it deserves public, due to the current distraction. In this category, a subject that I think capitalizes on diversion is the implementation of Real Digital, a subject that has already been addressed in my columns, and which, in my opinion, has not received the attention that it deserves, especially given the enormous seriousness of the proposal.

On Sunday, I was talking to a friend who works at one of the biggest tech companies in the world. He asked me: “Why has the Real Digital project, which was scheduled to open in 2022, still not started? “.

As I was formulating the possible causes of the delay, I came across the news that the Central Bank had just issued on an experimental basis, last Thursday (20), the first digital reais. I felt, at the same time, a relief not to have to explain to me a possible delay, but also a shiver in the back in front of such a serious proposal. The economist Fernando Ulrich has expressed very well, in his social networks, the level of anguish that any conscious person should feel in the face of this problem: “The financial devil gives birth under the justification of innovation”, he writes. Perfect summary.

Central Bank Digital Currencies (CBDCs) are a huge concern, at least for economists like Robert Wenzel. “A digital currency created by the Federal Reserve [dos EUA] it may be one of the most dangerous actions ever taken by a government agency. This would put in the hands of the government the potential to create a digital currency with the ability to track all transactions in an economy – and ban transactions for any reason. In terms of future individual freedom, it would be a nightmare,” defended the economist in a 2020 article.

This can represent, depending on how it is operationalized, an accelerated step towards control, the reduction of social power and the enormous increase of state power. This is, for me, the most serious issue today that is not addressed publicly. It would be very beneficial for a great public debate to take place before the realization of a project of such magnitude. However, in a year of contention for the National Executive and the World Cup, it will not be very easy to broach the subject. However, I am doing my part here, not only by raising awareness, but by praying that God protects us from the possible harmful consequences of such an important initiative.

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