The Horrible Intrusions of Central Bank Digital Currencies

There is nothing like gold for privacy!

We have warned from time to time that Central Bank Digital Currencies pose an almost unprecedented threat to your freedom.  Now the head of the European Central Bank, Christine Lagarde, says the digital euro will arrive in October.

A European CBDC is a stalking horse for a Federal Reserve digital currency.

Your financial privacy will evaporate when the State introduces a CBDC.   You will be subjected to State control in everything you do.  CBDCs enable the State to track every transaction, block payments at will, unilaterally deduct taxes and fines at will, and even force you to spend by implementing expiration dates on the currency.  CBDCs are the perfect tool for total State control of your life.  

Gold, on the other hand, is without equal, the sine qua non, of financial privacy!

Here’s are just a few observations from people who are watching and warning about the approach of CBDCs.

Chris Martenson, economic researcher:  “If you have anything you’d like to say or protest, now’s the time, because later ‘your’ money won’t work unless you submit to the totalitarian ideologies.”

Daniel Lacalle, economist and fund manager:  “In the European Union, where limits to freedom of expression and the cancellation of elections are already a concern, a CBDC can be seen as surveillance masquerading as currency.

“CBDCs are not just digital versions of existing currencies; they are issued directly to accounts held at central banks, allowing for unprecedented oversight of financial transactions. This direct issuance means that central banks can monitor every transaction, including spending habits, savings, and borrowing activities. We can compare this system to having a police officer in your kitchen, underscoring the intrusive nature of digital currency.”

Wayne Lusvardi is a water and energy policy analyst:  “Americans are not aware that we are on the verge of the elimination of a transactional economy based on two-party free market exchanges (using cash and checks) to be replaced by all-digitized crypto script that will allow a third-party into all transactions in the U.S. –the Bank of International Settlements — through its largest “stakeholder” the New York Federal Reserve Bank.  What this means is that money as free market currency will die and be replaced with an electronic totalitarian system of controlled transactions by central banks. 

“Central bank digital currencies are coming.  Central bankers can hardly wait.  Lacalle describes them as “surveillance disguised as money.”

Find out about threats to your financial privacy and well-being by visiting with a gold and silver professional at Republic Monetary Exchange.  You can protect yourself and profit with precious metals.