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Facebook’s Libra Technology Could Be Used To Create A World Of Ultimate Surveillance For Profit

Mac Slavo
July 9th, 2019
SHTFplan.com
Comments (8)

While Facebook is struggling to maintain it’s image as they censor and ban people for dissent and share your private data, they are attempting to create a cryptocurrency called Libra. According to one author and economist, the social media giant will use the technology to create a world of ultimate surveillance…and they’ll profit from it.

Bill Black, the author of The Best Way to Rob a Bank is to Own One, says this is simply a way for Facebook to profit off of an ultimate surveillance state. Black is also a professor of economics and law at the University of Missouri-Kansas City, and he was the Executive Director of the Institute for Fraud Prevention from 2005 to 2007. He was a central figure in exposing the congressional corruption during the savings and loan crisis, according to a report by The Real News. 

A cryptocurrency controlled by Facebook may turn the social media giant into an even more state-like institution, some say, complete with its own internal economy, the ability to impose economic policies on its customers as if they were citizens of a state. They are already silencing dissent and deciding which information people are to be shown. But, more importantly, Libra seems to give Facebook even more power to control our private data with the ability to use the unprecedented alleged currency as a tool for even more surveillance.

In the video below, Bill Black and Mark Steiner discuss the Libra cryptocurrency in detail and the problems that it presents for privacy and those who go against the control and tyranny of the state. The future sure seems bleak.

Libra can be changed at any time to do virtually anything by a two-thirds vote of an “association.” This association is made up of the usual for-profit actors in the world— the big credit card companies, etc. And more private for-profit entities can buy-in. So they can make Libra into most anything that is conceivable to make, and any promises that it won’t be used in certain ways are completely hollow because Facebook is not going to run Libra like we would trust. If Facebook did run Libra, but— [laughs] Even if Facebook gave us promises, which it’s done in the past and lied about, and somehow we believed that this would never occur again, and Facebook had turned over a new leaf—Facebook doesn’t control it! A bunch of other really nasty heads of these control it...Like the credit card companies and such own it and whoever wants to. Whoever finds that it would be sensible to take over this organization can take it over, get a two-thirds vote, and then Libra, they can make into almost anything. Bill Black

For the full transcript of the above video, please head over to The Real News by clicking here. 

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Author: Mac Slavo
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Date: July 9th, 2019
Website: www.SHTFplan.com

Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats.

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8 Comments...

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  1. Wilson Dawson says:

    This is also a step toward the globalist vision of a world government, with a world bank, world currency, run out of the United Nations. This plan has been in the works for decades. In fact the idea of “global warming” was pitched as a way to united the countries of the world against a common threat. This idea was published by the Club of Rome back in the early 1990s in their book “The First Global Revolution”.
    And yes, surveillance is key to controlling the population, so this cryptocurrency, which some are touting as a possible world reserve currency, helps provide that control.

  2. george says:

    Screw facebook

  3. george says:

    the comment section is broken

  4. aljamo says:

    Perhaps when free speech is eliminated people will just toss their spy devices and start talking together and going back to snail mail to communicate. I actually prefer letter writing.

  5. rellik says:

    Money is not wealth, it is a means of transferring wealth. Be it PMs, paper, or electronic it and of itself is useless. PMs partially excepted as they have industrial uses but otherwise PM value is purely subjective.
    What ever you choose to accept or offer as money, is up to you and your partner in a transaction. You two also agree as to the value of that money. If millions want to trade in crypto currency so be it. They also accept the risk and if they lose/gain so be it.
    I choose not to use crypto currency, ever. If I want to gamble, I’ll go to a casino.

  6. Seminole Wind says:

    OFF TOPIC
    Met a man at my Dr.’s office today who was wearing a T-shirt that said he had been a member of the French Legion. So I asked him if he had served and he said that he had been fighting as a soldier most of his life. First in the U.S. Army in Vietnam, secondly with the French in North Africa, and thirdly with the Rhodesian Army in South Africa. He said that that was the hardest as the Commies would kill whole villages of White folks, men, women, children.
    I then asked him what he thought about what was going on here now and he replied, ” I’ve seen Communism take over three different areas of this globe and they are using the same tactics, lies, and disinformation to destabilize us as all the other places”. He then went on to predict a coming Civil War!

    • rellik says:

      “There is nothing civil about war” GnR
      That being said, This is what liberals face,

      htt ps://reason.com/2019/07/08/noncompliance-kneecaps-new-zealands-gun-control-scheme/
      That is in a country with no 2A protections.

      I live in a state that requires 100% gun registration,
      I’d bet a compliance rate for surrender order would
      not even be close to the NZ people on a per capita
      basis.

      The reason all the whites are being butchered
      in those African countries is that they gave up their guns
      and trusted the new government to protect them.
      You are a fool if you think a population with an IQ
      of less than 100, is something to be trusted.
      Democracy is not perfect, nor is a Monarchy,
      that is why America is a Republic.
      We are armed. Come and take!

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