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.
Hell on earth is coming with CBDCs, here's how: https://bitchute.com/video/C8Dm3BjdJm14 [15:07mins]
Summary: They will deliberately crash the system and force you to swap your bank balance for CBDCs as the only way to save it. Cash will be outlawed, you'll have a window to redeem it. Eventually they will start tightening the noose. Want to buy meat? You can't. Because climate change. Want to leave your city? Can't your money won't work outside of it because of that darn climate change. Said something mean to someone online? Your CBDC wallet has been deducted 50 credits and your social credit score has fallen. You will become their slave. Do not comply.
Here they are admitting this out loud:
"A key difference with the CBDC [and cash] is the central bank will have _absolute control_ on the rules and regulations that will determine the use of that expression of central bank liability--and we will have the technology to enforce that" -BIS Chief Agustin Carstens https://bitchute.com/video/mLVkHURKZp3S [56seconds]
ECB Head Legarde: CBDC Will Grant Us A Limited Amount of Control, Cash Transactions Above €1000 Illegal, small transactions below 400 euros we might choose not to control: https://bitchute.com/video/kuzkLnoAm3kY [54 seconds]