Central Banks worldwide are rolling out Central Bank Digital Currencies (CBDCs), which they openly admit will give them control over every transaction. Note that Central Banks are private corporations not run by or accountable to any government, yet they are overseen by the Bank for International Settlements (BIS), which sets the rules for them all. With CBDCs, authorities could monitor, restrict, or even erase your funds at will. Though promoted as "convenient," they would tie your money to a Digital ID, linked with vaccine status and social credit scores creating the potential for governments to punish dissent by cutting off access to your own finances.
We've already seen glimpses of this with Canadian banks, PayPal, JP Morgan Chase, and Wells Fargo freezing or closing accounts of people engaged in lawful activities that opposed government overreach. Once cash is eliminated, financial freedom disappears: no garage sales, lemonade stands, helping the homeless, or even giving your child a cash allowance without government oversight. A cashless society hands absolute power to private central banks and their global overseers, turning money into a tool of control rather than freedom.
Could Digital Currency spell the end of freedom? Explore the following resources to understand Digital Currency, Digital ID, and SMART Cities:
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