All that would be required is that Cash be phased out!
All that would be required is that Cash be phased out!
https://www.city-journal.org/central-bank-digital-currency-caution
"One can imagine the accusation that will predictably be deployed against those in the West who oppose a CBDC: sympathy for the enemy."
"But before we do our patriotic duty, we should consider the other potential ways in which the Fed may be tempted to use a CBDC at home. CBDCs have another unique feature that opens up a huge range of alarming possibilities that even the central banks may not yet have fully considered: their inherent “programmability.”
When word first arrived that the People’s Bank of China has “tested expiration dates to encourage users to spend it quickly, for times when the economy needs a jump start,” Western monetary policymakers—who struggled for years to use negative interest rates to stop people from saving—probably spat coffee all over their monitors. But even this is limited creative thinking.
The Fed could directly subtract taxes and fees from any account, in real time, with every transaction or paycheck, if it wished."
"Fines, such as for speeding or jaywalking, could be levied in real time, if CBDC accounts were connected to a network of “smart city” surveillance. Nor would there be any need to mail out stimulus checks, tax refunds, or other benefits, such as universal basic income payments."
"The progressive dream of prison abolition has proved challenging. But a CBDC could help: just geofence the location within which parolees’ money can be used and not disappear—house arrest will have never been better enabled. A similar protocol would also work if the government wanted to keep people confined to their homes for some other reason.
Should people be encouraged to eat the foods decided best for them, such as a plant- or insect-based diet? CBDCs could do the trick. Should people be limited in how much they can spend per week on carbon-intensive purchases? CBDCs could help with that, too. But the government need not focus only on individuals. Preferential treatment could go to companies meeting environmental, social, and governance (ESG) goals.
At the same time, consumers could be nudged away from undesirable organizations and businesses. Why not collect additional fees for transactions with “risky” businesses or charities that have low ESG scores? Or slow down their transaction speed to allow for greater “verification”? In fact, why not create comprehensive credit scores based on behavior and number of connections with risky individuals and organizations? It would be a logical next step.
And if it were ever really necessary—if protestors were honking truck horns too many times in a row, say—then the most dangerous individuals or organizations could simply have their digital assets temporarily deleted or their accounts’ ability to transact frozen with the push of a button, locking them out of the commercial system and greatly mitigating the threat they pose. No use of emergency powers or compulsion of intermediary financial institutions would be required: the United States has no constitutional right enshrining the freedom to transact."
More Pfizer data dump stuff... Boring irrelevant natural immunity. Isn't that what you get after the 4th booster?
Germany's lower house of parliament on Thursday voted against a law compelling anyone over 60 years of age to get a vaccination against COVID-19 in a defeat for Chancellor Olaf Scholz. Germany's vaccination campaign is faltering with around 76.6% of Germany's population having received at least one dose - lower than in other western European countries such as France, Italy or Spain, where the ...