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IPFS News Link • Currencies

CBDC is a universal remote control over behavior.

• https://www.zerohedge.com BY VBL

When money ceases to become the means by which men deal with one another, then men become the tools of other men. Blood, whips and guns or dollars. Take your choice – there is no other."-  Ayn Rand

Intro:

Given that CBDC is an important topic, this is as good a time as any to describe basic MMT beliefs as applied through CBDC use.

How CBDC Works:

CBDC will enable government to observe and control you from a distance. It is the tool that will enable those who wish to exercise authority over others (for their own good) with no physical interface at all. It is the tool that enables the divisions in the movie Elysium to happen.

CBDC is a technological re-imposition of caste system economics. Ultimately, CBDC is a universal remote control over everyone's behavior. It enables  control of the demand side of the economy more effectively than rationing, throttling, or sanctions do combined.

Return of Feudalism:

CBDC and MMT in combination will restore the direct domination over men associated with Feudalism, as opposed to indirect domination (which is what portable money created under capitalism) afforded us by physical money.


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