President of the Federal Reserve Bank of Minneapolis: “CBDC Doesn’t Solve Any Actual Problems, Other Than Enabling Central Bankers To Monitor All Transactions…”
Straight from the horse's mouth
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President of the Federal Reserve Bank of Minneapolis, Neel Kashkari: CBDC doesn't solve any actual problems, other than enabling central bankers to monitor all transactions, and deduct taxes directly from people's accounts.
"I keep asking anybody, at the Fed or outside of the Fed, to explain to me what problem this is solving...
I can see why China would do it. If they want to monitor every one of your transactions, you could do that with a central bank digital currency.
If you want to directly tax customer accounts, you could do that with a central bank digital currency.
So I get why China would be interested.
Why would the American people be for that?"
Source: WideAwakeMedia
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Total control over the monopoly money. Never forget, this CBDC scheme will only work if there is zero competition. In a free market, no one would accept it.
Thanks for sharing that!
The only problem that CBDC solve is absolute control.