Welcome to the Economic Update with Dr. Kirk Elliott. My name is Sean Morgan. I'm a host over at Amp News on the Sean Morgan Report.

And Kirk, you sent me an article about the Bank of International Settlements Blueprint.

And this is a paper where they talk about tokenization and unified ledger.

And I just saw you in the news today, the central bank chief over in the EU, I believe, Christine Lagarde, said,

don't worry, you know, we're not going to be big brother with this. So can you give us the real deal?

Well, yeah, I would say that she's lying about it is pretty much. I mean, it's it's the whole it's the whole framework of what

they're what they're putting together. So last week, I mean, we'll we'll take one little

quick step back before we get to this BIS thing. But last week when the World Economic Forum met

in China, they were talking, they were bragging about programmable money.

Okay.

So this is what central bank digital currency is all about.

This goes way back to last year.

The first, you know, reference of it, Dr. Pippa Momgren at the world government forum in Abu Dhabi said with programmable money it's tied to your

digital social profile your social credit score your ESGs so we can cut you out from buying or

selling if we don't like you I mean so now look at this if you go to bIS dot ORG and you and you know what

will come up is the Bank of International Settlements website and just just go

you know search for blueprint for the future monetary system and and this report comes up that

they just published which is called the blueprint for the future monetary system improving

the old enabling the new.

So here's where, when you have tokenization, what is tokenization, right?

So it's basically the BIS in this article explains it as a process that is described as recording claims on a financial or real assets that exist on a traditional

ledger on a programmable platform. Okay, so, so really to me, tokenization means taking all

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