~ quote ~

Just a few consequences of the CBDC issue are briefly mentioned here:

1. CBDC displaces cash. As a result, consumers and producers completely lose their financial privacy and become transparent.

2. Once digital central bank money has become sufficiently widespread, the central bank can literally increase the money supply in the economy at the push of a button. The potential for abuse with inflation, which is placed in the hands of states and their central banks, is virtually maximized.

3. The allocation of CBDC is based on the principle of arbitrariness: the central bank decides who gets how much money and when - and who doesn't. Some are favored by politics, others are disadvantaged. With CBDC, overturning income and wealth relationships can be achieved more easily than ever through monetary means.

4. CBDC can be combined with a social credit score à la China. Behavior that conforms to the system is encouraged, criticism of or even resistance to the system is punished. For example, the payment options with CBDC can be restricted if a politically specified maximum amount of meat has been consumed, maximum travel distances have been undertaken or politically undesirable books have been purchased.

~ end quote ~

Source (german) 👇🏻

https://www.libinst.ch/denkanstoesse/warum-der-great-reset-ins-verderben-fuehrt/

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