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"A politician will do almost anything to keep their job, even become a patriot" - Hearst
After watching the OP video, where does CBDC put Bitcoin, since CB’s can use whatever they want and can control?
Thoughts?
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An Agorist Primer ~ Samuel Edward Konkin III (free PDF download)
The End of All Evil ~ Jeremy Locke (free PDF download)
They want to launch digital currencies so that they can track every purchase you make.
"Perhaps one of the most important accomplishments of my administration is minding my own business."
Calvin Coolidge
Bitcoin is just the warm introduction to digital currencies. Give the peons a sense of sticking it to the establishment, give em a little scratch to play with, then when the centralized system is ready to go full time it's just a matter of confiscating privately held cryptos.
"The issue is that you to define the best candidate solely based upon what they stand for." - CaptLouAlbano
This is the mindset trying to take hold on RPF.
"Kelly Thomas did this to himself." - FrankRep
More control over the economy and those that use it. Imagine receiving digital currency through your FED account that is linked to the chip in your hand. They can monitor where you spend and on what. Additionally, they can decide to code a digital currency with a kill switch only good for two weeks so you better spend it or lose it. thus increasing the velocity of money and the rate at which we consume. Not only that, they can designate where you can use those stimulus coins at certain business types and within a certain time frame. They can decide who is most deserving of these coins and distribute accordingly under the radar. You would not know which citizens recieve federal aide. Tax collection would be a bonus for them as they could tax each paycheck in real time and with each sale tranaction you perform. No need to wait til April to collect money and pay your tribute. Thus they can increase the velocity at which product is produced and your consumption. Remember, they can guide where these coins can be used as well.
DECENTRALIZE NOW.
Resistance is Futile.
Work for illusory non tangible things means you MUST adhere to ALL their rules FOREVER. Financial Enslavement.
Video is utter rubbish as all they do is tout Digital Currency as being a "good thing". How can you resist the will of a tyrant when you are paid in Digital Currency? When you are paid to kill innocents? You cant. And THAT is the REAL POINT.
1776 > 1984
The FAILURE of the United States Government to operate and maintain an Honest Money System , which frees the ordinary man from the clutches of the money manipulators, is the single largest contributing factor to the World's current Economic Crisis.
The Elimination of Privacy is the Architecture of Genocide
Belief, Money, and Violence are the three ways all people are controlled
You may get wealthy shorting bitcoins, but it wont be because central banks have launched competing currencies. Bitcoin's value is tied to the size/value of the black market, globally, with a good measure of Chinese hijinks no doubt. Or, that's how it seems to this half educated wretch.
The main motive for central banks is to limit the risks inherent in the global shift to cashless payments. But the question is why central banks should start issuing electronic money?The answer is,
- It widens the range of choices for monetary policy
- It can encourage innovation and competition in the payment systems,
- The most important can make the financial system safer.
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"A politician will do almost anything to keep their job, even become a patriot" - Hearst
- Kim KardashianIt's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
Donald Trump / Crenshaw 2024!!!!
My pronouns are he/him/his
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