Central Bank Digital Currency Concern

According to a column written by the guest, -You won't be able to buy anything without permission from the government. Every dollar you earn, spend, or save will be monitored by autocrats, who, with the click of a button, can turn off your earning, spending, or saving potential at any time. You'll be forced to buy food, clothing, shelter--and everything else you need or want--according to tyrannical dictate. Or you will be prevented from purchasing by the same oligarchs, who control not only what you buy, but when and from whom you but it.- --What would ever give any government such power-- We're speaking of the Central Bank Digital Currency, and our guest indicated that if this is not resisted, this programmable money could signal the demise of financial freedom. --Joining Jim to outline this issue was Rebecca Terrell, senior editor and regular contributor to The New American.--Central Bank Digital Currency -CBDC- is programmable money. The reason it's different than transactions through credit or debit cards is because under CBDC, each dollar can be turned on or off.--One example of this might be the government putting an expiration on your money so that you have to spend it or you lose it by a certain time. How would the government know this-- Some of the information would come from a person's electronic payment history.--This may sound like science fiction and we may want to believe that will never happen here. However, we know it's already happening in China. They've incorporated a social credit score that labels a person. Rebecca cited examples that might lower someone's score such as purchasing cigarettes and alcohol.