Wall Street's "financialization of nature" is a twisted scheme that turns nature into a commodity, allowing investors to speculate on it. This is comparable to the massive derivative markets where value is hypothesized into betting instruments. Despite the rhetoric, it will not help to save the environment.
In the 2007-2008 financial meltdown, it was so-called 'derivative' market that almost toppled the world. Derivatives are bets on future market or economic behavior and loose no consequences until certain triggers are pulled. Estimates of the size of the derivatives market are in the quadtrillions.
As a Technocracy, it is no surprise that China would summarily wipe out any and all competition for its own central bank issued currency. Secondly, this is a form of capital controls because many citizens were moving their wealth offshore with Bitcoin and Ether. That avenue is now closed.
Technocracy's total surveillance ideology demands that anonymous cash transactions be removed from the economic system. Why? Because what cannot be monitored cannot be controlled, and cash transactions cannot be monitored! Thus, the future economy is being fully digitalized.
As a matter of Technocrat policy, "If people can’t hoard physical money, it becomes much easier to cut rates far below zero." This means your banked funds risk being plundered at the will of the policy makers. Eventually, all money accrues to the takers while the depositors see their wealth vanish.
Global Fintech is rapidly congealing as Central Bank Digital Currencies (CBDC) are integrating into the Bank for International Settlements (BIS) in order to "lay the foundation for global payments connectivity." Fintech is said to the coming financial structure for Sustainable Development, aka Technocracy.
Technocracy's view of managing the health of society and a cashless system is synchronized with their concept of the "science of social engineering." The "engineers" write the prescriptions for total control. Seeing health passports as being separate from a cashless society is incongruous.
The United Nations already declared Fintech as the chosen financial system for Sustainable Development, aka Technocracy. It is, of course, all digital and includes creative blockchain technology for management and control of everything. It also demands 100 percent inclusion of all citizens in the system. This IMF article shows how India is leading the way.
China's Technocracy is almost complete as it issues a digital, programmable currency where the location and ownership of each individual unit is recorded and monitored. It can also be selectively switched off for any reason. It is also rumored that China is stockpiling gold for a possible linkage to the digital Yuan.
China's new digital Yuan supports its blossoming Technocracy by including an expiration date. Technocracy in the 1930s proposed money consisting of an energy script that would automatically expire at the end of the allocation period.
