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More News about Central Bank Digital Currency
A Central Bank Digital Currency Is A Threat, Not A Promise
AMAC Exclusive – By David P. Deavel
The Imminent Danger Of Central Bank Digital Currencies
AMAC Exclusive – By Parker Bono
The world is rapidly approaching a dystopian state where societies embrace centralized digital economic systems. America is no exception to this disturbing fact. On the eve of a “digital dollar”, it is important to understand what the prospective system would look like, and it is even more important to ensure the system never comes to fruition.
Lately, one of the primary objectives of central banks around the globe has been to create their own version of a digital currency. These currencies are commonly referred to as central bank digital currencies, or CBDCs. A CBDC is issued directly by a nation’s central bank, meaning all citizen accounts are managed and monitored by a single institution. This poses obvious risks, with central banks having nearly boundless control over users of their CBDC.