0:00
Why is Vietnam the testing ground for
0:04
the new banking order? Well, recently
0:08
Vietnam imposed a requirement for a
0:11
digital ID, including a biometric scan
0:15
of everyone in order to have a bank
0:18
account. And what they did to enforce
0:20
this is they closed 86 million bank
0:25
accounts and seized all of the assets in
0:29
those accounts. So the owners of those
0:31
accounts have no ability to do banking
0:34
or access their funds because they chose
0:37
not to sacrifice their privacy and
0:42
submit to this biometric surveillance
0:45
tracking mechanism. Well, this is not
0:49
something that is going to stay in
0:51
Vietnam. This is a test because if we
0:53
look at, for example, what's going on
0:55
with the European Central Bank and
0:58
digital ID initiative in Europe as well
1:01
as the Real ID and the CBDC
1:05
system Fed now being imposed in the
1:08
United States, we can see that it is
1:10
coming to us as well. So, what are you
1:14
going to do about it?
