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The Dangers of a Digital Currency

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  • The Dangers of a Digital Currency

    Make no mistake, if a digital currency becomes reality here in New Zealand and you can no longer use cash, the state will control every aspect of our lives, and - trust me - you don't want that. Deep State schlep and WEF turd Ardern is bad enough now, let alone having free reign on our currency.

    What could happen?
    • Banks could charge negative interest rates and you would have no ability to withdraw your money from them
    • The government could, at any time with the flick of a switch, cut you off from all finances and completely remove your ability to live
    • No more "cash" jobs
    • All currency transactions will be tracked
    • Your "currency" could be set to expire forcing you to spend with no ability to save
    • You could be limited as to what you could buy or, worse, where you could live
    • Travel could be restricted
    • You could be subject to surveillance, censorship, and political oppression
    If the power remains with governments and centralised institutions, money will retain all the flaws and vulnerabilities of today’s fiat currencies, only its digital nature will amplify them to an unimaginable extent. The privacy violations of today will become simply unstoppable, a mere fact of life, while disastrous monetary policies, like negative interest rates, so far only cushioned by individuals’ ability to sidestep them through physical cash, will be forcibly and uniformly transmitted throughout the economy*
    - claudiograss.ch

    The risks of a digital currency is enormous. Privacy could disappear and the limits to government spending would be eliminated**
    - Nation State



    * claudiograss.ch
    ** nationandstate.com
    "Know thyself and thou shall know all the mysteries of the gods and of the universe"
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