Our Hungarian correspondent László takes a skeptical look at his government’s new policy about ATMs in the light of the trend towards a cashless society.
Totalitarian Tiptoeing Around the Money Machine
by László
“The reason any kind of totalitarianism is able to be implemented with the population’s consent is due to the slow nature of its rollout. This totalitarian tiptoe is a concept I have become aware of and witnessed play out over the past two and a half years, even though it has been a go-to playbook to implement tyranny for centuries.” — Evan McDermod
Some informed Hungarians are puzzled that the Hungarian National Bank has stipulated the minimal number of ATMs that dispense cash (see the article below), in order to make cash more available in the country — while the National Bank is in on the CBDC project and the elimination of cash, as much as any other central bank. How can this apparent contradiction be resolved?
Well, it is possible that confidence in commercial banks — and of course the amount of money kept there by the populace — is being protected by the same Hungarian central bank that is otherwise committed to the introduction of CBDC (digital leash and muzzle).
After all, if those backward Huns keep storing their money in their pillowcases en masse, or even angrily close their bank accounts because there is not enough cash in the ATMs or enough cash machines (as has often been the case recently), the hoi polloi will not be ready to be suddenly ordered to “hand over that bag of bills, peasant, it’s ours now, and from now on there’s only digital central bank money and we’re gonna tell you how you spend your own money, or else.” In other words the transfer to the New System (the latest euphemism for the great fascist reset) must be controlled. Not necessarily smooth, but controlled.
And the less money in the banks, the less leverage for blackmail. Your money has to be in the possession of the parasitic overclass first, so that they can steal it later with the CBDC scam.
The Hungarian National Bank has its specific plans for the introduction of the CBDC. So, the Powers That Be may have miscalculated the pace of the introduction: they started doing away with the cash machines too early, in their eager effort to herd the sheeple towards the ‘digital money’ barn. But, unfortunately, the elderly are not changing their habits (or are not dying off) here at the rate the Schwabians may have expected, so many Hungarians are still reluctant to give up using paper money.
Imagine the horror, for a moment, when the banknote-loving retrograde Magyars one day face empty cash machines and a spontaneous bank run spiralled out of control, and thus those Eastern Eurabian bumpkins lose their confidence in the entire banking system too soon! They would never trust the banks ever again and the beautiful Davos plans for their enslavement through the magical CBDC would be significantly delayed, or even worse (God forbid)!
Therefore the Powers had to take a step back, and so they must keep on tiptoeing around the ATMs, to prevent their sweet tyranny-money plans from getting derailed.
The half-century Soviet occupation had taken its toll on the technological progress and habits of the population in Hungary. (Many of us prefer using cash. The gossip goes that many pensioners insist on getting their pensions in cash, or others run to the bank every month to take it all out once it has arrived in their accounts.) That backlog of technological modernity might even have some advantages when it comes to escaping the coming global tech-gulag. However, as hopeful as that may sound, the geographically uneven rollout of the CBDC around the world might be part of the plans as well, as a form of totalitarian tiptoeing strategy.
The translated article from HVG.hu:
The National Bank Has Stipulated the Mandatory Number of ATMs
Banks will be obliged to install new cash dispensers (ATMs) under a tight deadline if they do not reach the number of machines required by the new legislation. They must do this even if they close a cash machine somewhere [else].
A decree issued by the president of the National Bank of Hungary (MNB) on Tuesday night sets out the exact number of ATMs a bank must operate in a district of the capital, a county and the towns and cities within them, depending on the number of debit and credit cards it has issued. For the largest financial institutions, which have issued more than 2.4 million credit cards, this means 1,686 ATMs in the whole country, and they have to operate machines in 80% of the towns outside the capital cities of the [respective] counties. Only banks that do not keep retail accounts or own less than 1% of the [Hungarian] credit card market are exempt.
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