digital_currency

A huge monetary shift is coming. In fact, it’s already here.

The financial well-being of our country has been in jeopardy for some time. Many other countries are also facing similar woes.

The US central bank and countless others across the world think the financial solution to our worldly problems lies in a central bank digital currency or CBDC.

Simply put, a digital currency created, controlled, and governed by central banks.

A study by the Bank for International Settlements last year found that central banks representing one-fifth of the world’s population have already said they are likely to issue its first digital currency within the next few years.

At first glance, this means that the Fed could deposit things like emergency and stimulus funding to Americans immediately.

But that also reveals the biggest problem. They could also remove money, deduct taxes, and do whatever else they want. Instantaneously.

The daunting, underlying facts to a digital currency created by central banks is that they benefit from gaining even more control over citizens.

This could quite possibly be their way of removing the last bit of freedom we have.

Digital banking and transactions are nothing new. Think about how often you use your debit card for transactions or the last time you used cash.

The difference here is that the government would be able to track your payments and could impose subzero rates on ordinary deposits. Let alone the growing concern on privacy and digital surveillance.

China recently launched a digital experiment of their own. The government in Shenzhen created a lottery that awarded 10 million yuan, roughly $1.5 million dollars worth, of digital currency to 50,000 people. Winners had to download an app to receive their digital yuan.

The push for a cashless future doesn’t sound so unrealistic now.

A Forbes article mentions, “China is waging a digital currency insurgency on the global financial system, and specifically the primacy of the dollar.”

It’s obvious at this point that this is one of their tactical approaches in trying to unset the dollar.

The digital dollar that the Fed and other central banks are proposing is far from what physical, tangible, assets like gold offer: true decentralization. No one can tell you what you can, can’t, or must spend.

Your transactions are private and only you control them.

Learn how to diversify and protect your wealth and retirement against central banks with assets like gold by calling American Hartford Gold at 800-462-0071