It can’t be overstated: Central Bank Digital Currencies will put us all in straitjackets. From James Rickards at dailyreckoning.com:
I’ve warned repeatedly about the dangers that central bank digital currencies (CBDCs) pose to personal liberties.
I’ve warned how they would allow governments to monitor every transaction you make, which basically means a surveillance state.
This facilitates the creation of a social credit system that allows governments to punish those who engage in unapproved activity such as buying guns, donating money to the wrong political party, buying unapproved literature, etc.
The government will even know your physical whereabouts at the point of purchase.
People could be denied employment opportunities, educational opportunities, access to banking systems, even the ability to travel.
I’ve also said that China is well along the way to establishing a social credit system. Well, if you have any doubt that China’s social credit score is real, consider this:
Millions of Chinese have been denied the ability to travel by plane or train because their social credit scores are too low.
It CAN Happen Here
If you think nothing like that could ever happen here, you might want to reconsider.
Think of all the draconian policies that were imposed on Americans during COVID. Think of the lockdowns, the censorship, vaccine mandates, etc.
Prepper page warned of debt ballooning in the past few weeks after the debt ceiling Kabuki.
The FEW demands the dollar destroyed.
There is still some time as they convert their assets.
Use it wisely