The US dollar as we know it, is about to change forever. There are many ways in which the dollar is losing its value, strength, and dominance as the world’s principal reserve currency. And all these factors are combining to make way for a digital currency.
On today’s show, we’re going to discuss the future of a central bank digital currency, why it poses a threat to the dollar, and what you should expect moving forward. Click play to learn more about CBDCs!
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BDC is being promoted as an alternative to replace the American monetary system, which has been in place since the 1700s. Proponents of a digital currency argue that the advantages would include streamlined payment systems and more secure payments… but there’s a lot more that goes into it than that.
In reality, the use of CBDCs would pose substantial risks to the American people who are used to a traditional currency system that offers privacy and independence.
Moving away from the US dollar could lay the groundwork for what could arguably be the most significant intrusion upon financial privacy for citizens in the United States—and other countries that implement them.
The implications of a digital dollar not only jeopardize your privacy, but they also open a Pandora’s box of governmental control, where the central bank can oversee, control, or restrict your transactions.
And it all begins with an orchestrated collapse of the US dollar, which has been on a steady decline for decades. With government spending sprees, mounting national debt, and funding multiple wars, among other things, has led to a national debt of over $34 trillion. The United States is also set to lose its reserve currency status due to all this spending.
The path they’re on will ensure that US power will dissolve, so they must have a good reason for driving the dollar into the ground. Perhaps it’s to pave the way for an alternative financial system that would gain authority and influence over the American people in a way that has never been seen before in US history.
I know it might sound far-fetched but listen to this: if given the ability to monitor or freeze digital money, the government could easily influence and even punish with the simple push of a button.
It’s said that digital currency won’t replace cash, but we shouldn’t bet on it. You can say goodbye to cash if this comes to fruition. And listen, if you’re not well-versed in this topic, I know all of this sounds kind of crazy. But it’s already happening. Eleven countries have implemented a CBDC option and as of October 2023, 130 countries were exploring digital currency. The digital euro is proposed to have major restrictions, and it’s safe to say we can expect the same for the US dollar.
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