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IPFS News Link • Central Banks/Banking

Rickards: Yes, It Can Happen Here!

• https://www.zerohedge.com by James Rickards

I've warned how they would allow governments to monitor every transaction you make, which basically means a surveillance state.

This facilitates the creation of a social credit system that allows governments to punish those who engage in unapproved activity such as buying guns, donating money to the wrong political party, buying unapproved literature, etc.

The government will even know your physical whereabouts at the point of purchase.

People could be denied employment opportunities, educational opportunities, access to banking systems, even the ability to travel.

I've also said that China is well along the way to establishing a social credit system. Well, if you have any doubt that China's social credit score is real, consider this:

Millions of Chinese have been denied the ability to travel by plane or train because their social credit scores are too low.

It CAN Happen Here

If you think nothing like that could ever happen here, you might want to reconsider.


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