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Many underestimate how much power #CBDCs will have on the low-income averages families in both US and EU.

People will receive a certain amount of tokens, with the power to make them spendable only on certain products, to track them much better than they already do, to set a time limits, shrink and expand the number of them in your account depending on what monetary policy or whatever the Central Banks want.

And that is the main point.. slowly eliminating the small banks, one by one, with people moving accounts to the "to big to fail" ones, until in the end everyone will just have a check account at the FED or the ECB, connected with your digital passport and IDwoth all your health data and how you behave, because if you don't act good.. less point on the social score. Pura Vida?

wertyyryyr 1y ago

Imagine that in places like Sicily and Calabria, will never work there. In northern Italy, France, Germany where everybogy is a hard worker paying their taxes yes. It's how those proud to be an entrepreneur those days are the most sheep, doing everything the system wants.

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Discussion

IntuitiveGuy☯️ 1y ago

I see your point.. but remember how in place like the ones you named, people is used to give election's vote for a bag of food or 50€. When the government will granted to all these people a monthly fixed salary income, in #CBDCs, for them will just be free money. They will not see the difference between an old bank account with an app, and the new Digital wallet, with passport and every social data related to you.

Mass media will push all of it, like the need fornthw new transition, the "digitalization" needed for the progres, to make thing faster, for the people.. LoL