PROGRAMMABLE
#CENTRAL BANK DIGITAL CURRENCY
We already have the convenience of digital transfers,
payment on our phones and cards.
So what are you losing with centrally controlled currency?
Bank of International Settlements outlines
their vision for programable money.
Something Rishi Sunak has agreed with on record.
PLEASE USE CASH - IT IS A SIMPLE SOLUTION AND PROTECTION TO A COMPLEX PROBLEM.
What can you do? details at the bottom of the page.
Programmable money offers no benefit to the wider public, so when a government spends considerable funds and time exploring a different banking system that commands more energy to function, produce, ship and therefore is in conflict with their own green agenda, would public caution be a wise approach?
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What could be the purpose of CBDC?
Credit Card monitoring carbon footprint is here!
“We all need to come to terms with the urgency of the situation and rapidly move towards more responsible consumption. With DO Black there is no more excuses. Through our collaboration with UNFCCC and Mastercard, DO will enable people to do their part to contribute to the carbon reduction goals of 2030 and onwards”, says Nathalie Green, CEO at Doconomy.
ONCE THIS BECOMES NORMAL RETURN WILL BE DIFFICULT.
But isn't this for the greater good?
You may be convinced a government having complete control to monitor and control citizens will make all pay fair taxes, crackdown on crime and make Essex a better place.
Please consider...
Domestic Violence
Increased greatly in 2020 lockdowns. One way an abuser controls a person is though monitoring where and how they spend money.
Respect for Elders
However young at heart you are, some prefer remaining with systems they understand.
Choice is a big part of democracy.
Local Economy
More people are making the smallest transactions (a packet crisps, a can of drink, even charity donations) digitally. Every transaction gifts money to a financial intuition away from the local business where every penny is needed.
Credit Is Dangerous!
It is too easy to lose track and get into debt with a credit card.
Some would say cash is
harder to spend.
Cyber Attacks
More crime is happening on-line and digital banking is under constant attack.
Power Cuts
With ALL life going online, utilities and cars turning to electric power and the real possibilities of power cuts looming, CBDC would mean no access to money if cash does not exist.
Protests
Canadian Truckers and those gifting to the cause (free expression) had their bank accounts frozen.
Even in democratic countries the public need protection and alternatives from governments.
Journalists
Over the past few years we have seen the media controlled with one voice, journalist reporting the opposing side have had bank accounts frozen, some extending to family members.
Banks
Coutts CEO, stood down in July 2023 after the bank closed a high profiled political government opponent's account!
Democracy
It only thrives with choice.
Politics is failing to offer that for many, so please
SUPPORT CASH!
Battery Power
With phones intelligence comes more demand placed on them and the battery. Imagine not being able to catch a bus at the end of a long day due to battery failure..
CBDC has the ability to fail when you need it most.
Truth
If the Government does not seek control and we have misplaced concerns, they will not fear keeping cash.
Why should we pay cash everywhere with banknotes instead of a card?
With a £50 note in my pocket I paid for my hotel. The hotelier took his wife to a lovely restaurant and used the note. The restaurant owner then uses the note to pay for the laundry. The laundry owner then uses the note to pay the barber. The barber will then use the notes for shopping. After an unlimited number of payments, it will still remain a £50, which has fulfilled its purpose to everyone who used it for payment and the bank has jumped dry from every cash payment transaction made.
- But if I come to a restaurant and pay for dinner digitally - Card bank fees for my payment transaction charged to the seller are 3%, so around £1.50 and so the fee will be £1.50 for each further payment transaction or owner re laundry or payments of the owner of the laundry shop, or payments of the barber etc..... Therefore, after 30 transactions, the initial £50 will remain only £5 and the remaining £45 became the property of the bank thanks to all digital transactions and fees.
