What are Central Bank Digital Currencies (CBDCs), and what threat do they pose to our freedom? In this newsletter I dive into why CBDCs are not the answer, and why Bitcoin is the solution
If we assume these are rolled out, do you think there is a secondary 'blackmarket' of offshore assets, that enable private economic life to continue or do you think this is all consuming?
So let's get practical. What does that mean ('cos i am with you all the way)?
Let me be very clear. CBDC are the implementation of communism at a system level. Once implemented, it can't be rolled back without collapse or violence.
I assume the private banks will not roll over immediately, so they will act as a buffer - ironically fighting on our side. But i would imagine that financial contagion will affect them all sooner or later, the governments will not bail them out, instead they will ride in like 'white knights' with the solution = CBDC. I put a maximum 5 years on this....
There is one potential with private banks that i hold onto, perhaps they will turn to the Bitcoin Standard instead (credit to Saifedean Ammous here), thus cleaving 2 realms of banking. But the limitation here is regulation....
So, the problem then moves to a political issue, meaning we need governments globally to refute the benefits of CBDC and/or choose to allow private banks to leverage a non USD denominated standard. With the current 'mind virus' of woke ideology rampant in every aspect of institutional life and need for total omnipotent control over everyone and everything... i can't see that happening.
So if the fight is a political one, and (although i would classify myself a capital-anarchist) means it must be won at the ballet box in todays' 'democratic' west. This requires leadership, which is absent today. From Biden to Truss, Macron to Trudeau - we don't have a plethora of competent individuals to choose from, instead a range of demented WEF puppets or just good old incompetent fools!
There are some amazing voices out there, but who has the gaul to lead the 'west' politically here?
Is this the ultimate question? Or am i just rambling into my morning coffee and i need another?
Good points especially the replacement of paper or plastic anonymous cash . That will help programmable money from governments with ever increasing deficits get enormous control over our lives !!
If we assume these are rolled out, do you think there is a secondary 'blackmarket' of offshore assets, that enable private economic life to continue or do you think this is all consuming?
We have to fight for Bitcoin :)
We can't leave, we fight in place.
So let's get practical. What does that mean ('cos i am with you all the way)?
Let me be very clear. CBDC are the implementation of communism at a system level. Once implemented, it can't be rolled back without collapse or violence.
I assume the private banks will not roll over immediately, so they will act as a buffer - ironically fighting on our side. But i would imagine that financial contagion will affect them all sooner or later, the governments will not bail them out, instead they will ride in like 'white knights' with the solution = CBDC. I put a maximum 5 years on this....
There is one potential with private banks that i hold onto, perhaps they will turn to the Bitcoin Standard instead (credit to Saifedean Ammous here), thus cleaving 2 realms of banking. But the limitation here is regulation....
So, the problem then moves to a political issue, meaning we need governments globally to refute the benefits of CBDC and/or choose to allow private banks to leverage a non USD denominated standard. With the current 'mind virus' of woke ideology rampant in every aspect of institutional life and need for total omnipotent control over everyone and everything... i can't see that happening.
So if the fight is a political one, and (although i would classify myself a capital-anarchist) means it must be won at the ballet box in todays' 'democratic' west. This requires leadership, which is absent today. From Biden to Truss, Macron to Trudeau - we don't have a plethora of competent individuals to choose from, instead a range of demented WEF puppets or just good old incompetent fools!
There are some amazing voices out there, but who has the gaul to lead the 'west' politically here?
Is this the ultimate question? Or am i just rambling into my morning coffee and i need another?
Cheers Dan.
Good points especially the replacement of paper or plastic anonymous cash . That will help programmable money from governments with ever increasing deficits get enormous control over our lives !!
Great article!! Hope this gets published far and wide!!
Don't worry about CBDC, future is decentralised.
Hi, has there not been a new article since this one?
I mean it’s a 99 usd/year subscription. I thought this was a weekly newsletter.