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Author Topic:   When Fascism Comes To America
Stile
Member
Posts: 4295
From: Ontario, Canada
Joined: 12-02-2004


(3)
Message 256 of 303 (910892)
05-24-2023 8:36 AM
Reply to: Message 253 by Phat
05-23-2023 3:36 PM


Re: In Brief:
Phat writes:
I do not want a government meddling in my personal life nor my personal finances.
Sounds very reasonable - I agree.
So, what specifically are we afraid might happen that's different from now if we move to a CBDC?
I see your columnist writes:
CBDCs Are About Control - They Should Be Stopped Columnist writes:
A CBDC would give federal officials full control over the money going into–and coming out of–every person’s account.
But... I don't see how that's any different from what we have now.
That is - the government already has full control over the money going into - and coming out of - every person's account.
Haven't you ever heard of the IRS "locking" or "freezing" someone's account? This is the government exerting their control. This level of control already exists in the system we have right now.
If this (something that already exists) really is the worst thing this columnist and you are afraid of - it sound more like fear-mongering (making something look bigger than it really is) than an actual concern.
My question is: What is the difference between locking/freezing an account now vs. locking/freezing an account using a CBDC? According to what you quoted - there is no difference at all. But feel free to take this time for further investigation and to bring more information forward.
I wouldn't want someone controlling my finances either. But, so far, you haven't described anything within CBDCs that's different from the system we're using right now.

This message is a reply to:
 Message 253 by Phat, posted 05-23-2023 3:36 PM Phat has replied

Replies to this message:
 Message 257 by Phat, posted 05-24-2023 12:25 PM Stile has replied

  
Stile
Member
Posts: 4295
From: Ontario, Canada
Joined: 12-02-2004


(1)
Message 258 of 303 (910895)
05-24-2023 12:52 PM
Reply to: Message 257 by Phat
05-24-2023 12:25 PM


Re: In Brief:
Phat writes:
The difference is that now, once you withdraw a sum from the bank, you can do what you want with it anonymously.
Can you name a few things here that you would like to do anonymously that you're worried about a bank or the government finding out about?
Personally, I never use cash. I use a credit card for all purchases. This benefits me because if something goes wrong (scam or product not working and vendor refuses refund...) I can always go back to my credit card and have them reverse the charge and deal with it on their end. This hasn't saved me a ton of money (I usually attempt to avoid scams) but it has saved me about $1000 or so over 10 years when such situations did arise.
But, in using a credit card for all things - all my purchases are already traceable.
So, again, I ask: what's the difference?
Or, at least: what kind of transactions are you looking to make that you're worried about them being traceable?
It still seems like you're discussing a problem with using age-old technology like credit instead of CBDCs.

This message is a reply to:
 Message 257 by Phat, posted 05-24-2023 12:25 PM Phat has not replied

  
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