The Digital Dollar: The Future of Money is Here and It's Happening Now

💠 The Federal Reserve has conducted a pilot program of the digital dollar, or CBDC, with the help of financial companies such as Wells Fargo, MasterCard, and HSBC. However, the implementation of a centralized, government-controlled digital currency could result in the loss of economic independence and personal freedom. The government may use social credit scores to restrict people's purchases of goods and services. With programmable money, the government can control how individuals spend their money, including limiting or prohibiting certain purchases. The current financial system is viewed as flawed by the government, as it lacks control over people's purchasing decisions. The digital dollar would enable the government to have sole control over the ledger and impose limitations or requirements on what individuals can do with their money. This type of currency is being adopted globally, and the World Economic Forum has encouraged governments worldwide to create digital currencies and digital IDs to combat hate speech and extremism on social media.

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🎥 #Digital #Dollar #CBDC

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