by KanekoatheGreat at Threadreader
Agustin Carstens, the General Manager of the Bank of International Settlements: "With CBDCs, central banks will have absolute control on the rules and regulations that will determine the use of that expression of central bank liability, and also we will have the technology to… pic.twitter.com/h5EwA4DU5y
— KanekoaTheGreat (@KanekoaTheGreat) April 17, 2023
Neel Kashkari, the President of the Minneapolis Federal Reserve, says CBDCs are no better than Venmo unless the objective is to monitor every financial transaction and impose taxes directly on customer accounts:
"What is it that a CBDC can do that Venmo can't do? Well I can see… pic.twitter.com/TxXYdE3DsV
— KanekoaTheGreat (@KanekoaTheGreat) April 17, 2023
Imagine these CBDC scenarios:
You surpassed your weekly carbon limit. Purchase denied.
You spoke up against masking children. Purchase denied.
You traveled outside of your quarantine zone. Purchase denied.
All of this would be possible because CBDCs are programmable. pic.twitter.com/7G1UB7rJlm
— KanekoaTheGreat (@KanekoaTheGreat) April 17, 2023
WATCH Jimmy Dore and Whitney Webb’s full interview:
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