July 16, 2024
Digital Currency or Digital Control: The future of Money. Talking with author Nick Anthony.
A digital dollar with the Fed creating a bank account for every US citizen and resident. Who benefits ? The Consumer or the Government ? 127 countries are studying or piloting CBDCs. But privacy and personal independence could be lost.
Will the US Federal Reserve issue a digital currency (CBDC) ? 127 countries are studying or piloting CBDCs for their citizens including economic powerhouses like China, EU, India, the UK among others. But it seems like the benefits to the consumer are limited while government control and surveillance seem to be the principal benefits. Do we really want to surrender our financial independence and privacy to a central bank ?
