A few minor stories in 2021 are set to become major stories in 2022. From off-guardian.org:
ur first “This Week” of 2022 doesn’t just look back over our shoulders, but forward too. What were the unfinished plotlines of 2021? What minor stories of last year could be major stories of this year?
This week we review what OffG will be on the lookout for in 2022.
1. Programmable digital currency
For the uninitiated, a programmable digital currency is a form of digital currency which can be programmed…I hope that clears up any confusion.
In all seriousness, central banks are researching the possibility of issuing their own digital currencies. These central-bank digital currencies (CBDCs) would be “programmable”, meaning either the bank issuing the currency, or the company paying it out as wages, have direct control over its use.
Banks (or employers) would have the power to set limits on the usage of the money they issue. They could limit how much of it can be spent, where it can be spent and what it can be spent on etc.
We published a long-form article on the possible abuses of such a controlling system of currency last summer. Since that article came out there have been further calls for its introduction, with Estonia and Ukraine both moving towards trialling the system soon, and Japan researching its feasibility.
Definitely a major concern for human freedom, and a major story to keep an eye on 2022.