Western Central Banks and Govt on the Verge of Forcing Society to Use Money that EXPIRES

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[–]Canbot 5 insightful - 1 fun5 insightful - 0 fun6 insightful - 1 fun -  (0 children)

Forget about ever saving up to buy property or assets again. Own nothing, make them happy.

[–]cant_even 3 insightful - 3 fun3 insightful - 2 fun4 insightful - 3 fun -  (1 child)

Yay! Just like that international success story, Zimbabwe!

I'm sure "our" leaders will hype it as a feature that 'prevents hoarding'.

[–][deleted] 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (0 children)

Lmao, did not know Zimbabwe was doing that

[–]Alphix 4 insightful - 1 fun4 insightful - 0 fun5 insightful - 1 fun -  (0 children)

Yep, CBDCs can be made "to be spent on food only before tomorrow 10AM" for example.

And then another amount "To be spent on lodging" or clothes, whatever.

And then "we see you've spent too much at the liquor store, so we will expire 100 of the bullshit monetary units we generously allowed you to keep in OUR bank, to teach you better behavior."

[–]Clownfall 3 insightful - 1 fun3 insightful - 0 fun4 insightful - 1 fun -  (0 children)

Your existing currency is expiring right now, it's called inflation :(

But there's always alternative currencies or the barter system (In our collapsing society, the closest thing to currency might soon be canned food, clean water, booze, or ammo)

[–]dicknipples 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (12 children)

1) Not "money", but an idea for one type of digital currency

2) All types of currencies expire

Sauce?: follow - thefreethoughtproject.com to its link, which is reclaimthenet.com where one person in an 8-person team comments on a digital Euro. Central banks only issue this digital central bank money to banks with central bank accounts. (It's not the money we use.) And this person reminds us that - like all currency - this digital currency could also expire (a way of managing currency):

Palurovic said that the ECB wants to “keep the possibility open for tiered remuneration” after it introduces the digital euro because the ECB wants to have “measures that incentivize or disincentivize people to hold more or less CBDCs.”

This is an ongoing problem with currencies, that they are temporary.

Should we worry about this?:

For example, if they set a negative interest rate of -10%, you lose 10% of your money each year unless you spend it.

I don't think so.

I think we should worry that there has been an active move by governments and businesses (and banks) to make people use credit and debit cards instead of cash, and now some businesses prefer not to accept cash. This non-cash movement is dangerous, IMO.

[–][deleted] 3 insightful - 2 fun3 insightful - 1 fun4 insightful - 2 fun -  (3 children)

IK dude, I did post this in conspiracy rather than news though, so don't rail me too hard. I honestly thought it was appropriately categorized. Real story, but conspiratorial take seems like fair game for s/conspiracy

[–]dicknipples 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

Sorry - I hadn't noticed you posted it or the sub. Just my 2 cents. Normally this is enough to inspire others to respond with accusations that I'm a faggot, libtard, glowie, Chinese, nigga, paid shill, lier, fed, scumbag, pussy, etc, etc. (I've now edited out some of the drama.)

[–][deleted] 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (1 child)

How could you forget 'Jew', Saddits favorite. Apparently they have been paying me a lot of money to post about penises to 50 autistic schizos in an effort to destroy civilization. A truly diabolical plot, but the offer was too good to refuse. Hail Jewcifer! 👺

[–]dicknipples 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (0 children)

indeed! LOL (Also, as of yesterday, Israel is officially a dictatorship.)

[–]Dragonerne 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (7 children)

Central banks only issue this digital central bank money to banks with central bank accounts. (It's not the money we use.)

And that's how CBDC works. Every bank will be a front for the central bank, so yes it will be the money we use. Welcome to reality

[–]dicknipples 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (6 children)

it will be the money we use.

You can see in the article that it's not yet known which form of digital currency will be issued. You can see that they don't know. You can also see that there is absolutely no assumption about negative interest rates. It's also obvious that it's not known how this digital currency will be managed (at the moment some forms of digital currenty are easy to hack and to short).

Welcome to reality

It's not a reality at the moment for us po folks.

[–]Dragonerne 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (5 children)

You can see in the article that it's not yet known which form of digital currency will be issued

Deliberate Misinformation.

They are open about how they want CDBC to function and it is as I've reported. The banks will work as fronts/infrastructure for the central bank.

I don't care about your article. I took notice of your lies and corrected them.

[–]dicknipples 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (4 children)

No need to be defensive.

This is merely one of 8 people in a small organization noting what they WANT to happen. They are not noting what WILL happen, nor can they. The banks will take their advice and do what they want. It's that simple.

(Deliberate misinformation is disinformation. I've merely explained the article. Soros didn't pay me to do it.)

[–]Dragonerne 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

Central banks only issue this digital central bank money to banks with central bank accounts. (It's not the money we use.)

This statement is wrong. It is the money we use.

[–]dicknipples 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

Why do you persist?

It's not that difficult to understand the article:

The digital exchanges with the central bank have been EXPERIMENTAL - only between certain banks chosen by the CBDC.

Hoe many ways to I have to explain it? Perhaps I shouldn't bother. Read: https://hbr.org/2021/10/what-if-central-banks-issued-digital-currency

This is NOT the money we use.

The article is about an interview with one person in a THINK TANK, and mentions something she DID NOT DISCUSS: negative interest rates. The articles at both websites noted in my original comment are disinformation fear-mongering. This is NOT about OUR money today - as we (the people) are NOT currently using an EU digital currency that is subject to negative interest rates. We (the people) are NOT currently using an EU digital currency that is subject to negative interest rates.

[–]Dragonerne 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

What happens once the experiment gets implemented?

[–]dicknipples 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Banks will require authentication with biometric devices that will be injected into the brain stem and thereby control peoples' movements. They'll be constantly staring at their phones, while working multiple part-time jobs as baristas. Extreme income inequality, corporate polution, dead species, lack of food and extreme weather events will cause the poor to eat the rich. Meanwhile, Terry Crews, CEO of Brawndo (the thirst mutilator) corporation will be elected galactic president, and a Brawndo utopia will emerge.

[–]cottoneyejoe 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (1 child)

30 million men suddenly start thinking about their AR-15s

[–]chadwickofwv 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

And counting the current stock of 556/223.

[–]passionflounder 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

That's just a fancy spin on taxing assets. If people stop spending, the tax stream- to which our leaders are entitled- dries up and we'll become unable to meet our obligations to the various global causes to which we're committed. Come hell or high water, big hearted and benevolent government will get their money.