| ALL currency will be “digital” in the very near future.
You can’t escape this reality.
And the U.S. Treasury Secretary, Janet Yellen, confirmed it in February.
She intends to create and issue “central bank digital currencies” (CBDCs) that leverage blockchain technology.
In her view, CBDCs will result in “faster, safer and cheaper payments.”
But that’s just the superficial reason.
The main reason the Fed and other central banks are clamoring for CBDCs is to usher in a cashless society where every transaction can be tracked, logged, and pegged to each individual in every transaction throughout society.
In short:
The END of economic privacy.
The second reason is that cryptocurrency is growing in popularity and use.
Yellen actually had some things to say about Bitcoin in particular during her discussion on CBDCs:
“I don’t think that bitcoin is widely used as a transaction mechanism. It’s an extremely inefficient way of conducting transactions and the amount of energy that’s consumed in processing those transactions is staggering.”
To be honest, she’s right.
Bitcoin is inefficient. Its transaction speed is slow and does require a lot of energy. And currently, most people are holding onto it, falsely believing it to be a long-term “savings account” or “digital gold.”
This is a meme that Vin Armani has been screeching against for a long time.
The meme of Bitcoin as simply an investment vehicle to earn USD will be the death of Bitcoin and other cryptocurrencies.
Its primary use is for exchanging value.
Peer-to-peer cash transactions without a central authority in between your economic activity.
Where Yellen is wrong is thinking Bitcoin is all there is.
Bitcoin Cash has solved many of the problems inherent in Bitcoin. It’s built on the Bitcoin blockchain but improved upon the legacy technology.
Bitcoin Satoshi Vision is trying to achieve the same goal.
So, CBDCs have very real competition they’re fighting against, and they hope that most people will eventually “cash in” their crypto for CBDCs once they roll them out.
Preventing this requires one thing from you:
USING CRYPTOCURRENCY TO BUY AND SELL THINGS.
It’s really that simple.
If you want economic freedom, you MUST use a medium of exchange that allows for freedom.
Now, let me say one more thing for the “I don’t trust cryptocurrency crowd” reading this right now.
You may think that your reserves of gold, silver, platinum, and other precious metals will save you from the cashless society dominated by CBDCs.
But while your bullion will remain reliable stores of value…
…and we recommend buying and holding them…
They will NOT, and may NEVER become steady mediums of exchange.
It’s the medium of exchange part that matters for both freedom and social control.
So choose wisely.
To help you understand this issue on a deeper lever, Vin Armani penned a report in the April issue of the Counter Markets Newsletter covering:
- The monstrous implications of central bank digital currencies – pg 15
- The secret, shady relationship between MIT and the Federal Reserve Bank to create a digital currency that will reshape the global economy (for the worst) – pg 15
- How a central bank, a “bank of banks,” and transactions in our current banking system work and why it’s severely different from how a central bank digital currency will operate – pg 16
- The TRUTH about central bank digital currencies: the bold reasons why Vin Armani claims they are “centralized, censorable Bitcoin” – pg 17
- The ONLY thing preventing the complete tracking of ALL purchases. PLUS, why precious metals won’t help if when this one thing disappears – pg 17
Plus a whole lot more.
Economic freedom is the foundation of liberty.
Free markets equal free people.
But without a freedom-based currency, we will never have free markets.
Learn why CBDCs spell the END of liberty and how cryptocurrency has the power to liberate you from this emerging control matrix.
It’s all inside the Counter Markets Newsletter: |
