Socio-Economics History Blog

Socio-Economics History Blog

The Potential Orwellian Horror Of Central Bank Digital Currencies

by mosesman

  • The Potential Orwellian Horror Of Central Bank Digital Currencies
    by , https://www.skywatchtv.com/
    As citizens around the world are confronted with the severe curtailment of political, economic and cultural freedoms associated with COVID-19 risk mitigation strategies (e.g., lockdowns, mandatory vaccinations and/or vaccine passports), new risks to economic freedom and prosperity are quickly emerging which citizens must be aware of and remain vigilant about. One of these risks which is developing with rapid pace are Central Bank Digital Currencies (CBDCs). According to a Bank of International Settlements (BIS) 2021 survey[1]:

    • 86% of central banks are actively researching the potential for CBDCs;
    • 60% were experimenting with CBDC associated technology; and
    • 14% were deploying CBDC pilot projects.

    The development of CBDCs potentially represents one of the largest changes to modern banking and finance (as well as the global financial system) in decades… (READ MORE)

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