How Will CBDCs Be Used For Political Oppression

For those of us who value our freedoms, the whole notion of Central Bank Digital Currency (CBDC) is a bad and dangerous idea.

To see why, Cointelegraph spells it all out.

They begin with:

Central bank digital currencies (CBDCs) have emerged as a prominent topic in the financial world. They promise elevated stability, security, efficiency, and reduced corruption. Central banks, the International Monetary Fund, the World Economic Forum, and the World Bank tell us CBDCs are a panacea waiting to cure all that ails our financial system.

Unfortunately, those claims may not match reality, because there are two characteristics of CBDCs that their proponents don’t often mention. First, they offer an eternal trail of data about how you’re spending your money. Secondly, they are subject to “programmability,” which means political leaders will have the ability to dictate whether you’re even allowed to spend your money.

To read more, go here.