The whole point of crypto is to not have intermediaries like the gov and banks so it's fucking ridiculous to propose a digital currency issued by the gov. There's literally no difference from a user standpoint. Even coming from a "simplicity" argument, there's no difference between doing a typical e-transfer and exchanging a government issued e-currency because the digital wallets will be offered through banks. Like I'm no expert but the only reason I see for doing this is control and if it isn't, they sure did a shit job explaining it.
yes. you pay a % to bank to be allowed to have your money. every month.
you can't withdraw it if they get rid of cash so you just get to pay that % every month. The goal is to eventually drive everyone to month-to-month living. No one has any savings. No one has any assets. No real assets, no paper assets. You rent everything. You are effectively an indentured servant.
The whole point of crypto is to not have intermediaries like the gov and banks so it's fucking ridiculous to propose a digital currency issued by the gov. There's literally no difference from a user standpoint. Even coming from a "simplicity" argument, there's no difference between doing a typical e-transfer and exchanging a government issued e-currency because the digital wallets will be offered through banks. Like I'm no expert but the only reason I see for doing this is control and if it isn't, they sure did a shit job explaining it.
Its all about control.
And eventually they want to roll out NEGATIVE interest rates.
Japan tried to roll out negative rates. And everyone withdrew their savings into cash.
Without cash…. The central bankers are free to steal from you forever.
When money has no meaning, the elites trade power.
How does the concept of negative interest rates even work? As in you outright lose money when you have it in the bank? That’s fucking awful.
yes. you pay a % to bank to be allowed to have your money. every month.
you can't withdraw it if they get rid of cash so you just get to pay that % every month. The goal is to eventually drive everyone to month-to-month living. No one has any savings. No one has any assets. No real assets, no paper assets. You rent everything. You are effectively an indentured servant.