Don’t Sit By and Watch Digital Dollars (Central Bank Digital Currency or CBDC) Erode Privacy & Savings
Why CBDC Is A Threat To The Average American
By programming a CBDC, money can be precisely targeted for what people can own and WHAT PEOPLE CAN DO! A CBDC could undermine both the foundation and future of financial markets by reducing credit availability, disinter mediating banks, and exercise control of individual spending.
While a CBDC would not offer any unique benefits to Americans compared to existing technologies, it would offer neither the privacy protections nor the finality that cash provides.
For example, a CBDC could spell doom for what little financial privacy protections remain.
“We don’t know who’s using a $100 bill today and we don’t know who’s using a 1,000 peso bill today.
The key difference with the CBDC is the central bank will have absolute control on the rules and regulations that will determine the use of that expression of central bank liability, and also we will have the technology to enforce that.”
The threat to freedom that a CBDC could pose is closely related to its threat to privacy.
With so much data in hand, a CBDC would provide COUNTLESS OPPORTUNITIES for the government to control citizens’ financial activity.
NOTE: Read the full article and you will not sleep well tonight.
The US Dollar is being attacked, which could result in the Rise of the “Digital Dollar” and could explain why the Central Banks Are Buying Gold and Silver. (Source) Would not it be prudent to protect a portion of your assets with Gold or Silver…just as a hedge against the attack on the US dollar?