They’re certainly planning it but are also aware of the legal difficulties-the question is whether some form of coercion is deployed to make it seem like a good deal to the public. Something along the lines of “we’ll be able to get the electricity supply back on if we do this” perhaps.
Requiring major credit card companies and banks to categorize gun and ammo sales is a major step to help us address gun violence. But more can and must be done — these companies must commit to flagging suspicious gun sales that can help us stop mass shootings before they occur.
The Bank of International Settlements general manager Agustin Carstens stating boldly they will have “absolute technological control” over your personal spending under Central Bank Digital Currencies. In other words, Carstens is introducing total-totalitarianism.
All major currencies are digital. If you want to create new money, you just tap a few keys and the amount can he transferred to where you want it to go.
Same goes for surveillance. You can assume all your bank transfers, card purchases are in some database that the government can access at will. The banks have all sorts of systems monitoring our transactions and if you’re perceived to be doing someone you shouldn’t, people will be notified.
The infrastructure that is currently set up is to monitor and defect genuine financial crime and tax evasion. The systems could certainly be modified to find adulterous husbands, or any other transaction that takes place digitally. The data is all there and available.
Only 1 in 200 Nigerians are using their CBDC a year after its launch. Particularly heartening to hear young people rejecting it due to “suspicions of the central bank’s motives.”
He said that the digital euro would never be “programmable money” – meaning that the ECB would not set any limitations on where, when and to whom people can pay with a digital euro.
