Unbeknownst to most, US banks have participated in three CBDC pilot programs, two of which are ongoing and one of which is considering assigning digital ‘tokens’ to all assets.
A digital public infrastructure (DPI) would give governments the power to implement systems of social credit that can determine how you travel, what you can consume, and how you will be able to transact with your programmable money.
'This push towards a digital ID future is another step toward a Chinese Communist Party-style social credit system, which will force you to support the current thing at the risk of total cancellation,' Senator Alex Antic said.
It's already started with the current conflict in the Middle East. As conditions deteriorate, there will then be an excuse to take drastic actions against perceived enemies.
Without proper safeguards, ‘a government-issued CBDC is nothing more than a CCP-style surveillance tool that would be used to undermine the American way of life,’ Rep. Tom Emmer said.
International leaders tout digital public infrastructure as a great leap for convenience and security, but the danger to freedom is equally significant.
'You will own nothing and be happy because everything you own will be on a network controlled by the Central Bank, where the government can turn off your ownership at any time. Brought to you, as so often, by Bill Gates.'