Libra: Facebook Wants to Control Your Money | New Eastern Outlook

libra:-facebook-wants-to-control-your-money-|-new-eastern-outlook

30-11-19 09:09:00,

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Facebook – backed by some of the largest banks and corporations on Earth – seek to create a global digital currency and reassert Western dominion over the global economy.

Many are probably already familiar with US-based social media giants like Facebook and Twitter carrying out sweeping campaigns of censorship executed in line with US foreign policy objectives.

New Eastern Outlook itself was deleted off of both networks – just one among many thousands of accounts wiped out in a virtual information war.

Many are also probably aware of how Facebook in particular has trampled the privacy of its users, manipulated users unwittingly through involuntary experiments and controls what many people around the globe see while online – most of the time without users even realizing it.

But imagine instead of just silencing and marginalizing opponents or controlling the information the public has access to and thus manipulating the public itself, Facebook was also able to control the very currency people use in their day to day lives.  Its control over the public, both within the US and beyond, would be unprecedented.

The ability to control both information and money would be a potent tool, enhancing Facebook’s already deeply disruptive and abusive behavior as well as the much larger corporate-financier interests Facebook works with and for.

Enter Libra

Earlier this year Facebook announced its own currency called Libra. It is based on blockchain technology, billed as a “cryptocurrency,” and aims at dominating banking and commerce in much the same way Facebook already dominates social media, messaging and in general, the flow of information.

There is no doubt that the same cooperation Facebook has provided the US government and the interests that dominate its domestic and foreign policy in controlling and manipulating public opinion around the globe, stifling alternative news, and even overthrowing governments will translate directly into a similar pattern of abuse through its desired control over a global currency.

Unlike hard currency which does not know in whose hands it resides and thus is unable to discriminate against its holder – Libra not only allows Facebook to know whose hands its currency is in, but how much of it is there,

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