Tue Aug 22, 2023 – 10:27 am EDT
(The Corbett Report) — Stop the presses! Here’s my hot take for the day: CBDCs are a bad thing.
OK, maybe that take is not so hot. After all, I don’t even need to spell out “Central Bank Digital Currencies” for my well-informed, switched-on readers to know what I’m talking about when I refer to CBDCs. And the idea that a digital form of programmable money with a central banker’s on/off switch is a bad thing? Come on! Even the normiest of the normies can sense that.
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But here’s the hot part of my hot take: CBDCs are deeply unpopular with the general public and we have a chance of stopping them in their tracks.
At first glance, you might not think this is such a controversial statement, but really think about it for a minute.
If you listen to the stenographers and presstitutes of the establishment dinosaur media, you’ll believe that CBDCs not only represent an exciting opportunity to bring our outdated paper money system into the digital age, but that they’ll be bestowed on us by the benevolent central banker
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