Dangers central bank digital currency (CBDC)

ituglobal

Master Trader
Apr 17, 2013
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Let me repeat that: CBDC WILL CENTRALIZE POWER IN A WAY IT HAS NEVER EVER BEEN CENTRALIZED IN THE HISTORY OF MANKIND.

Centralized power has never led to increased rights and increased freedom.

Ask yourself: What could the Central Planners do?

What if the central planners decide that since you went to Hawaii last summer, your currency won’t be able to buy tickets this summer?

What if central planners decided that your money can’t pay for a Financial Times subscription anymore because their editors are corrupting your mind?

What if the central planners decide that, after Christmas, everyone should lose a few pounds and through a program, limit the amount of food you can buy for you and your family?

What if elections are run on manifestos promising the redistribution of funds? And as soon as the election results are confirmed, the central planners automatically implement the debits and credits of the promises?

What if the central planners decide you don’t get to buy food until you’ve received the vaccination that they were lobbied for?

What if a lobbying group convinces the central planners that every digital US dollar wallet should automatically buy one of their products or services annually?

What if Artificial Intelligence hacks the Central Bank Digital Currency?

What if another nation hacks the Central Bank Digital Currency? - Nolan Loxton


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