Watch Out!! CBDCs Coming To Your Country Soon

While everyone is distracted by the current thing central banks around the world have been rushing to roll out their cbdcs they’ve made a lot of progress over the last few months and  in some countries it looks like these distopian digital currencies are about to launch that’s why today we’re going to explain what cbdcs are give you an update about CBC developments around the world and reveal which countries are resisting this terrifying Trend Central Bank digital currencies.

Cbdcs are digital currencies created by central banks at a first glance. this sounds benign after all most currencies are already digital right? well not exactly if you listen to what central

Bankers have been saying about cbdcs you’ll quickly realize they’re not just digital currencies you see although most currencies are already digital you have the freedom to do what you want with your money. for the most part you can buy whatever you want whenever you want assuming that you have the money and you don’t have to worry about your savings being Frozen that is of course unless you’re protesting against the Canadian government but that’s the topic for another time now the relative Freedom that you have with digital currencies today is ultimately a consequence of the fact that if your bank was to block your transactions or freeze your savings you would probably go and find another bank in other words you have the ability to choose you have the freedom to opt out with a cbdc however it will not be possible to opt out that’s because with a cbdc all your money will be stored directly at the central bank and well there’s only one Central Bank this centralization makes it possible for central banks and the government to control all of the transactions in the economy put it simply in a cbdc system what you can do with your money will fundamentally be determined by the central bank and the government if this sounds terrifying that’s  because it is it would mean the end to Financial Freedom that is actual Financial Freedom the ability to decide what to do with your money. don’t believe me

well consider this the now Infamous quote from Augustin cartis the general manager of the bank for international settlements or bis the so-called bank  for central banks he States a key difference with the cbdc  is that the central bank will have absolute control on the rules and regulations that will determine the use of the expression of Central Bank liability and also we will have the  echnology to enforce that translation we control your transactions not you and if you think that you can opt out by using cash or gold think again again if you watch our first video about the EU digital Euro you’ll recall that the ECB explicitly stated that the digital Euro would replace cash and even implied that the digital Euro would have the potential to  eplace stores of value like gold and it’s not just the ECB either according to the bis over 90% of central banks are in the process of rolling out cbdcs and some have rolled them out  lready this is despite the fact that the bis own research found that the voluntary adoption of cbdcs by citizens is only between 4 and 12% as we’ve seen with the roll out of some cbdcs  however the actual adoption rate seems to be even lower if you watched our video about Nigeria you’ll know that only 0.5% of the population adopted its enira cbdc after one year the government went as far as to trying to restrict cash use to increase its adoption and guess what it worked by the way if you’re enjoying the video so far be sure to smash that like button to help others find it now this.