The IMF is considering a system similar to that in China: a social credit system based on internet usage and searches. But is this just a huge data grab?
If the idea that other people could (with one click) rate your liberties, your life, and your lawful pursuit of happiness out of existence seems creepy … that’s because it is.
But even worse, the IMF (International Monetary Fund) wants to turn the idea of a social credit system into a reality.
“IMF researchers Arnoud Boot, Peter Hoffmann, Luc Laeven, and Lev Ratnovski called for Internet search history to be tied to credit score,” according to an official blog post.
To make this liberty-stealing idea more palatable, the IMF employs the smokescreen of “necessity,” claiming it needs to compete with next year’s Facebook crypto as one reason to take a peek at what you search for on the Internet.
The IMF innocently claims this data can help banks provide access to credit for people with little credit history.
But the reality is much darker, should the IMF get its way…
Twitter, Facebook, and other “monopoly-like” technology platforms have recently come under fire for banning people with particular political viewpoints.
Of course, you can make the case that these companies should be able to operate their business as they see fit. But no matter what you think about their decision to remove users, it does set a dangerous precedent.
- What if the Government leverages the monopoly these companies hold on the public discourse for nefarious purposes?
- What if they collude with corporate monopolies to remove any discourse they don’t like, so they can control the flow of information?
- What if banks join the action, using your Internet search history as leverage against you instead of for credit approval?
If you have political ideas those banks don’t like, or if you criticize them by leaving a bad review, they (or the Government) could use your search history to cut you off from your money.
In fact, JP Morgan and Chase bank have already been accused of closing accounts of conservative customers in the U.S. for much less.
So if you give these banks access to your search history, the U.S. could see a more widespread repeat of Operation Choke Point.
Not to mention, if the “social credit system” is implemented in the U.S., much like it already is in China, your access to basic financial services could be put in jeopardy.
Your entire social standing could be based on your search history, or any other private data the IMF and large banks gain access to.
If the COVID-19 pandemic has taught us anything, it’s that once we relinquish our liberties to technocrats, bureaucrats, or autocrats … it’s tough to get them back.
Action items:
- Do what you can to prevent the IMF’s crazy techno-fantasies from becoming reality.
- Be ready to jump ship at a moment’s notice…
Discover the Secrets of Location Independence
As you probably know, I’ve been living the life of a “digital nomad” since 2001. That means l have enjoyed the benefits of location independence.
During that time, I’ve also learned dozens of valuable lessons about how to keep my money out of the hands of Government officials, snoops, and other nosy people.
On top of that I’ve learned the secrets to reducing or eliminating tax obligations. All while maintaining my freedom “under the radar” of various Government bureaucrats.
I created GWP Insiders to share those lessons.
In fact, I recently updated the entire membership area and I’m relaunching it as GWP Insiders 3.0. And, for a limited time, you can save 70% on membership.
Why should you seriously consider this?
GWP Insiders is a complete roadmap of internationalization strategies for location independent entrepreneurs and investors looking for answers to tax, residency, wealth, and lifestyle questions.
Most importantly, you’ll learn about legal tax avoidance loopholes that can protect you from “work from home” taxes and many other taxes politicians dream up.
Bottom line, we believe in REAL freedom. Freedom to keep the money you earned. Freedom to travel where you want, when you want…
Freedom to be private and secure in your business affairs and day to day life.
When you become a member of GWP Insiders, you’ll have access to some of the most valuable and closely guarded secrets the wealthy use to protect and grow their wealth.
For example, you’ll discover:
- How to obtain citizenship and a second passport in less than one year.
- The biggest tax haven in the world (most NEVER get this right).
- How to create offshore bank and brokerage accounts to store, protect, and grow your wealth.
- How to structure your business to minimize or eliminate taxes.
- The best opportunities for investing in foreign real estate.
- The best places around the world for living as an expat or nomad.
And much, much more.
Right now, you can save 70% on your GWP Insiders 3.0 membership. But please hurry because this offer won’t last much longer.
To living privately,
Bobby Casey
Location Independent Entrepreneur
P.S. You can count on power-hungry oligarchs to find new ways to “box you in” so they can rob you of your liberties. So you need an exit plan, before it’s too late…
Become a GWP Insiders member today to discover how to become a digital nomad, along with many more secrets to secure your future no matter what happens…
