It gets worse, because this is also the same state that has already weaponized the currency against you, either slowly, via targeted inflation (a.k.a “theft”) or overtly, as we saw here in Canada during the #FreedomConvoy. In Canada there are some tests going on but even the Bank of Canada admits there isn’t a compelling use case for CBDCs and not many Canadians really want it. Of the four retail CBDCs already up and running (The Bahamas, Jamaica, The Eastern Caribbean Dollar, and Nigeria), they have all been plagued with technical problems or public apathy. Venezuela has launched two CBDCs over the past decade, each launch coinciding with a massive currency devaluation, and they both stiffed.
https://www.zerohedge.com/crypto/cash-will-be-no-refuge-under-cbdcs
It gets worse, because this is also the same state that has already weaponized the currency against you, either slowly, via targeted inflation (a.k.a “theft”) or overtly, as we saw here in Canada during the #FreedomConvoy. In Canada there are some tests going on but even the Bank of Canada admits there isn’t a compelling use case for CBDCs and not many Canadians really want it. Of the four retail CBDCs already up and running (The Bahamas, Jamaica, The Eastern Caribbean Dollar, and Nigeria), they have all been plagued with technical problems or public apathy. Venezuela has launched two CBDCs over the past decade, each launch coinciding with a massive currency devaluation, and they both stiffed. https://www.zerohedge.com/crypto/cash-will-be-no-refuge-under-cbdcs
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Cash Will Be No Refuge Under CBDCs
CBDCs provide such a compelling opportunity for surveillance and social control that they are irresistible. That the fiat currency system is in the process of imploding makes it an imperative...
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