Resisting the impending transformation of our monetary system is a cause worthy of a historical revolution.
I do not utter these words lightly. There's no turning back once we embark on the journey toward Central Bank Digital Currencies (CBDCs). We will find ourselves inextricably bound to the state, our freedoms tethered to their whims.
No, this won't occur overnight. It will begin innocuously enough. In their naivety, many will embrace it, scoffing at the warnings of those who see the larger picture. In doing so, they will not only be forging their own chains but also condemning future generations to a dystopian world of their making.
Privacy Concerns
With CBDCs, every transaction you make can be monitored. The veil of financial privacy we currently enjoy, albeit thinning, will be lifted entirely. This level of oversight could be used to control or manipulate economic behavior, a serious concern for civil liberties.
Exclusion Risks
With a state-controlled digital currency, the government could potentially exert unprecedented control over our finances. Imagine a world where your money could be turned off like a switch if you fall foul of certain rules or fail to meet specific social criteria. This isn't just about access to technology; it's about the potential for a 'social credit' system where your financial freedom is at the mercy of the state. This level of control could lead to a society where compliance is not a choice but a necessity for survival.
To those who declare, "I'll stick to cash; I won't use CBDCs," consider this: Do you genuinely believe you'll be able to travel freely, make substantial purchases, and live your life as you do now? As the state's control tightens, your ability to navigate life on your own terms will become increasingly challenging. The state's grip will constrict, and survival will become a game played by their rules.
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