They will have a separate coin that is used to purchase commodities and corporate goods. While it may not be "illegal" for plebs to buy elite-coins, good luck finding anyone who is willing to trade down.
When people live paycheck to paycheck, in a way, they're insulated from inflation. As long as wages keep up. Which it may not. I'm just saying the person that spends every dollar that they make monthly does NOT have thousands in an account dwindling asymptotically toward nothing.
This is retarded in more ways than I can possibly count. And, if I tried, the UK banks would probably say I had too many points and take a bunch of them, before I'd even finished my list.
I think that's more CBD than CBDC thinking. They just gave a good reason to have foreign money and never use the local currency.
Also a good reason to never put your money in a bank.
So the UK is doing an any% monetary collapse speedrun by skipping hyperinflation and just making your money worthless at the outset.
Meanwhile the rich will be largely unaffected because they will own assets and shares.
They will have a separate coin that is used to purchase commodities and corporate goods. While it may not be "illegal" for plebs to buy elite-coins, good luck finding anyone who is willing to trade down.
No, it's worse than that.
That's not cash at all. That's the digital pound.
They're basically saying your not allowed to have more than 20,000 in your checking account.
When people live paycheck to paycheck, in a way, they're insulated from inflation. As long as wages keep up. Which it may not. I'm just saying the person that spends every dollar that they make monthly does NOT have thousands in an account dwindling asymptotically toward nothing.
This is retarded in more ways than I can possibly count. And, if I tried, the UK banks would probably say I had too many points and take a bunch of them, before I'd even finished my list.
The link says this is just for their digital currency, which is a cancer and should die anyway.