Who's Raising The Alarm?
I would suggest everybody read and reread "1984." When you control everything you control nothing. So you have copies of all communications in the country and what do you do with them? Sift through all the chaff to pick up something useful? Do you round up 200 million Americans and put them....where? So you have total and perpetual control over the government, but have no way of dealing with 300 million plus 'proles.' They go about their life ignoring you as much as possible, and you in Washington go about your lives feeling smug and superior, with no real control over the masses. If it gets really bad, the 'proles' will construct a 'main street' economy over which the government will have no control. My guess is the proles in "1984" had none of the shortages the lower echelons of the ruling class were subject to. That is the worst case scenario where we will have lost our government permanently. Given the stupidity of our current ruling class they have antagonized needlessly most of us and made our lives worse, and as they keep on failing to govern intelligently their days may be numbered.
Anyone who thinks that CBDCs aren't totalitarian hasn't looked at Canada and the Freedom Convoy, when God-Emperor Trudeau used the Emergency Act to lock the truckers out of the banking system.
I fear CBDC is not about control. but about running an economy when we are bankrupt. It is the government's bitcoin, with the possibility (probability?) of a currency totally out of control. Under the current system the debt is out of control, but it exists. Authorizing a token currency, created at will......the possibilities are endless.
"The digital yuan is programmable to the point that the currency can be made to expire, thus forcing consumers to use it up by a certain date. " Just do a web search for "china digital currency expiration date," plenty of reporting on this feature/not a bug.
It's the next manufactured 'crisis'. I think its clear now that multiple strategies are in play from The Left, but are basically grounded in Cloward-Pivens and Saul Alinsky.
Biden and his handlers are following Obama's playbook of forcing political change through orchestrated crisis, after crisis, after crisis with CBDC next in line.
The “Cloward-Piven Strategy” basically aims to speed up the fall of capitalism by overloading the government bureaucracy with a torrent of demands - most of which are inpossible for the sysytem to handle - consequently pushing society into crisis and economic collapse.
Ultimately I think this push to total control will work, for about 1/2 the country: those who have been indoctrinated to follow.
The rest of us will be ungovernable.
Mark - thanks as always; you featured so many of Luongo's materials that we ultimately joined his pay-only group; one of his main points is the Fed is against the CBDCs because the commercial banks that own the Fed view it as a threat to their existence (eg, won't the use of CBDC eliminate the banks?). How do you square those 2 views?