Imagine if you will, some faceless government bureaucrat sees that you made a comment that was unflattering to his daughter. With the click of a button, you are made penniless.
Or perhaps they are just keeping an eye on you. So they log into the central dollar database to see where you are spending your money, and what you are buying.
A system like a social credit score could allow the government to control everything you do and say, upon penalty of being made a financial pariah.
It’s easy when the US has an all digital currency, which the US Federal reserve and some major banks just began testing.
5 Comments
nones · November 15, 2022 at 3:11 pm
‘Bout time to raise the black flag…
Fido · November 15, 2022 at 5:17 pm
We need to stop using their money.
Gryphon · November 18, 2022 at 5:19 pm
We need to stop using their banks… I have not done so for over 20 Years now, with the rare exception of “Cashing a Check” when someone I’ve done Work for prefers to Pay me in that manner. This has become increasingly difficult, and I expect to soon (er or later) be unable to do this… not that it will be a hardship.
What Entertains Me about all the stories of “Central Bank Digital Currency” and “Social Credit Score” is they both depend 100% on
people having a Bank Account and “Smart Phone” for Tracking purposes. And Electricity…
Having never had a “Smart Phone”, and never will, I wonder how any of this might affect Me. And I wonder how many Millions of other people are essentially in the same situation, or will Choose to ‘disconnect’ once they see they will (or do) get “Cancelled”.
Steve S6 · November 15, 2022 at 5:43 pm
Hey, all the ex-Twatter employees have to work somewhere, and they have just the right experience /sarc/
Jonesy · November 16, 2022 at 12:39 pm
Not sure how they would implement something like this. I’m assuming congress would have to approve it.
If it does happen gold and silver will be the financial refuge. I’d expect prices to climb accordingly.
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