CBDC: The Ultimate Control Tool
Central Bank Digital Currencies (CBDCs) as the ultimate control tool by governments, highlighting the surveillance and control over individual freedoms an
We're always debating freedoms and guarantees. Some think freedoms are secured with less state intervention, while others believe states should regulate freedoms. However, everyone should oppose tools that allow states to assume positions of absolute control, like CBDCs.
But what exactly are CBDCs?
It depends on who you ask. If you read the EU's presentation of its Digital Euro, it's something that will save us and, as always, ensure our safety. On the flip side, some say it'll be the ultimate tool for governmental control, an old dream finally achievable with technological advancements.
CBDCs are digital currencies, cryptocurrencies, that are programmable, centralized, and controlled by the government. Despite the EU's attempts to distance itself from controlling CBDCs by saying central banks will wield control, it tries to paint CBDCs as extremely positive and something that will never be misused.
What Problem Do CBDCs Solve?
None. Despite the propaganda about security, easy payments, and low-cost transactions, all these issues are already solved; they're just not under the centralized control of the state. And that's the real problem they solve, not having total state control, which isn't a problem at all, quite the opposite.
Reading the EU's propaganda on the Digital Euro with a critical eye reveals it as a piece of propaganda, a lot of hot air to solve non-existent problems. Always safeguarding that it's a complement to physical money that's a lie. That'll be the first step; with its advancement and mass adoption, physical money will be abolished.
Prepare for the Worst, Hope for the Best
This is one of those cases where adopting this stance will be very costly. There's no better to hope for; CBDCs solve no problem and create an unprecedented issue of individual autonomy.
The propaganda promoted by various states has nothing worth compromising our financial autonomy over for a centralized currency controlled absolutely by the government.
Interest from All Over the World. Why?
CBDCs are being prepared worldwide, with few countries not developing a state-controlled centralized currency. Why?
https://www.atlanticcouncil.org/cbdctracker/
Because it's an unprecedented control tool, the government can decide on everything and annul any non-compliant individual.
CBDCs could allow the government to:
- Programmable Money: Specify where money can be spent or what it can be spent on, directly enforcing government policies.
- Block funds for citizens not complying with health directives, like vaccination mandates.
- Instantly collect state debts without opposition.
- Transaction Monitoring and Censorship: Trace and monitor every transaction, blocking those associated with dissidents.
- Financial Surveillance: Monitor citizens' financial activities in real-time.
- Access Control: Exclude dissidents from the financial system.
- Social Credit Systems: Reward or punish citizens based on behavior.
- Freeze Assets Instantly: Without court orders or banking procedures.
- Mandatory Use: Force everyone into a monitored digital economy.
The End of Physical Money
Contrary to propaganda, there's no room for error. A few years after CBDCs become widespread, physical money will cease to exist, presented as a threat used by terrorists and criminals, needing eradication for our safety. The same will happen to other payment methods that threaten government control.
Conclusion
There has been little talk but rapid progress. The arguments are easily identified as propaganda, portraying CBDCs as positive and protective. We didn't ask for this protection, nor did we want to pay the price of a total loss of our financial autonomy for the safety of governments.
This change is unprecedented. The money we earn is ours, and we lend it to the state through taxes for governance to improve society. With CBDCs, this paradigm shifts; we'll be the ones borrowing money from the government, becoming slaves without the autonomy to oppose or protest.
The EU is deepening its totalitarian and controlling tendencies, refusing to accept cryptocurrency, including BTC, as a financial asset because it would counter the control enabled by the Digital Euro.
https://www.ecb.europa.eu/press/blog/date/2024/html/ecb.blog20240222~0929f86e23.en.html
We've reached a point where blockchain, initially about monetary decentralization and individual financial autonomy, is now being used for obscene centralized control.
We cannot trust governments, as we do not know who will govern us in the future, and tools should not exist that enable total control by rulers over the governed.
It's time to change policies and prohibit the use of programmable centralized currencies controlled by governments. This movement might define whether we have a free future.