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posted ago by changeagent ago by changeagent +13 / -0

...how is transitiong to a CBDC supposed to rescue the US monetary system?

There are obvious bad things about a CBDC. First and foremost, it is still under the control of a Central Bank. Second, all money transactions can be tracked... everything. Third, it allows the government to exert more control over your personal finances.

Beyond that, I still don't understand why they think a transition to a CBDC will alleviate all of the debt problems or inflation. Maybe it won't, and it's not meant to?

If anyone who has a grasp of this and can explain, I would be grateful. Thanks