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On the Subject of money, bank accounts, CBDC's, and Personal Freedom
May 25, 2023 06:05:41   #
ACP45 Loc: Rhode Island
 
Cliff Notes Version:

Money In Banks
#1. The money isn’t really yours. You’re just another unsecured creditor if the bank goes bust.

#2. The money isn’t actually there. It’s been lent out to borrowers who are illiquid or insolvent.

#3. The money isn’t really money. It’s credit created out of thin air.

The point is that cash is freedom. And when the State limits the utility of cash—physical dollars that don’t leave an electronic trail—they are limiting your personal freedom to act and compromising your privacy. Governments are naturally opposed to personal freedom and personal privacy because those things limit their control, and governments are all about control.

Central Bank Digital Currencies (CBDCs)
CBDCs are proposed as a solution, but in fact, they’re a gigantic problem.

Government is not your friend, and CBDCs are not a solution.

If they successfully implement CBDCs, it would mean that anything you buy or sell, and any income you earn, will go through CBDCs. You will have zero effective privacy. The Authorities will automatically know what you own, and they’ll be in a position to control your assets. Instantly.

They’ll be able to add CBDCs to the accounts of favored people and subtract from or block access to the accounts of those who aren’t. Digital dollars will be easy to implement since everybody already has a government ID and a Social Security account. Everybody has a smartphone. Soon everybody will have a CBDC account as well. If you lack any of these things, it will certainly ding your oncoming Social Credit Score.

I’ll go so far as to say that Central Bank Digital Currencies and digital “health passports” may be the most dangerous threats to the freedom and independence of the average human being in modern history. They will allow the State to easily control where you can go, what you can do, and what you can own. They’re both very big deals, and they’ll be daily facts of life.

In today’s world, it’s increasingly dangerous to say things that run counter to what’s considered politically correct. If you can’t say something, it’s much harder to do something. And indoctrination through education and the media are making it hard to even think. We will soon be living in a society where you can neither think, say, nor do anything that isn’t PC. Again, the problem is promoted as a solution.

https://www.lewrockwell.com/2023/05/doug-casey/death-of-privacy-and-what-comes-next/

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May 25, 2023 09:34:02   #
Kevyn
 
ACP45 wrote:
Cliff Notes Version:

Money In Banks
#1. The money isn’t really yours. You’re just another unsecured creditor if the bank goes bust.

#2. The money isn’t actually there. It’s been lent out to borrowers who are illiquid or insolvent.

#3. The money isn’t really money. It’s credit created out of thin air.

The point is that cash is freedom. And when the State limits the utility of cash—physical dollars that don’t leave an electronic trail—they are limiting your personal freedom to act and compromising your privacy. Governments are naturally opposed to personal freedom and personal privacy because those things limit their control, and governments are all about control.

Central Bank Digital Currencies (CBDCs)
CBDCs are proposed as a solution, but in fact, they’re a gigantic problem.

Government is not your friend, and CBDCs are not a solution.

If they successfully implement CBDCs, it would mean that anything you buy or sell, and any income you earn, will go through CBDCs. You will have zero effective privacy. The Authorities will automatically know what you own, and they’ll be in a position to control your assets. Instantly.

They’ll be able to add CBDCs to the accounts of favored people and subtract from or block access to the accounts of those who aren’t. Digital dollars will be easy to implement since everybody already has a government ID and a Social Security account. Everybody has a smartphone. Soon everybody will have a CBDC account as well. If you lack any of these things, it will certainly ding your oncoming Social Credit Score.

I’ll go so far as to say that Central Bank Digital Currencies and digital “health passports” may be the most dangerous threats to the freedom and independence of the average human being in modern history. They will allow the State to easily control where you can go, what you can do, and what you can own. They’re both very big deals, and they’ll be daily facts of life.

In today’s world, it’s increasingly dangerous to say things that run counter to what’s considered politically correct. If you can’t say something, it’s much harder to do something. And indoctrination through education and the media are making it hard to even think. We will soon be living in a society where you can neither think, say, nor do anything that isn’t PC. Again, the problem is promoted as a solution.

https://www.lewrockwell.com/2023/05/doug-casey/death-of-privacy-and-what-comes-next/
Cliff Notes Version: br br b Money In Banks /b ... (show quote)


As a courtesy to your OPP friends please consider putting Lew Rockwells or Gary Boyde’s name at the top of your posts referencing them so everyone knows it is crackpot conspiracy from the get go.

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May 25, 2023 13:13:30   #
ACP45 Loc: Rhode Island
 
Kevyn wrote:
As a courtesy to your OPP friends please consider putting Lew Rockwells or Gary Boyde’s name at the top of your posts referencing them so everyone knows it is crackpot conspiracy from the get go.


Classic attack the Messenger rather than the Message reply.

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May 29, 2023 07:30:36   #
TruePatriot49 Loc: The Democratic People's Republic Rhode Island
 
Kevyn wrote:
As a courtesy to your OPP friends please consider putting Lew Rockwells or Gary Boyde’s name at the top of your posts referencing them so everyone knows it is crackpot conspiracy from the get go.


Queervyn, if you would like to see this crackpot conspiracy in action, just book a flight to Communist China. They are doing this now and TruDope's Canada is working on it also. (Truckers revolt/frozen bank accounts)

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