They can enact negative interest rates so you will be punished for trying to save your money and be forced to spend immediately after a paycheck.
This allows them to kick the can down the road will still wildly spending like they do right now. They will also have complete control over everything you buy, where you buy it, how much you have, so they can start to slowly starve off the dissenters.
Why would CBDC be required to enact negative interest rates when several countries around the world have already historically had negative interest rates without using CBDC?
Several countries around the world have done it but it doesn't lock those citizens in place.
A US CBDC would be cashless. Meaning no way to cash out of the bank, you're stuck eating a shit sandwich.
Those other European countries were trial runs to test the waters on the most docile. They also had a way to cash out of their bank and move money elsewhere.
Right... but what I meant is that their system is breaking... so how will switching to a digital currency help them with their broken system?
They can enact negative interest rates so you will be punished for trying to save your money and be forced to spend immediately after a paycheck.
This allows them to kick the can down the road will still wildly spending like they do right now. They will also have complete control over everything you buy, where you buy it, how much you have, so they can start to slowly starve off the dissenters.
Great work on the post shout out to you and ashland
Why would CBDC be required to enact negative interest rates when several countries around the world have already historically had negative interest rates without using CBDC?
Several countries around the world have done it but it doesn't lock those citizens in place.
A US CBDC would be cashless. Meaning no way to cash out of the bank, you're stuck eating a shit sandwich.
Those other European countries were trial runs to test the waters on the most docile. They also had a way to cash out of their bank and move money elsewhere.