Virtual Money

This is the most important video I've watched in a long time

CBDCs are coming unless we prevent it. Their introduction has nothing to do with money and everything to do with controlling the populace. For every inch CBDCs encroach, that is an inch of liberty indelibly lost.

If you aren't familiar with Professor Werner's work, he is an outspoken opponent of central banks, despite being the father of quantitative easing and spending the majority of his life in their orbit. This whole video is incredibly useful but if you don't make it to the end, he repeats what I postulated in one of my very first pieces that CBDCs will likely be introduced via the bribe of Universal Basic Income. If this happens, it won't be a release from the struggle of providing for your family. It will be the yoke of bondage. And even if it seems like a healthy sum in the beginning of the rollout, it will eventually become a paltry sum as inflation erodes the real value of whatever nominal amount they begin with. Nothing could be more effective at impoverishing the populace than putting everyone on a subsistence wage that they can, and will, inflate away.

I want to keep this short because I want to release you in the hope that you'll watch the video. It is not only a cogent argument against CBDCs, it's also an excellent overview of how banking works and why we have inflation in debt based assets like housing.