Bolide Banner
Another picture from my life

How Central Banks and CBDCs Could End Democracy

By Drake Flyer | Revolution is Crypto | 13 Aug 2022


I live in Europe, where, I would say, democracy is what I grew up with. Although the USA is the “most democratic” country (self-declared of course) – I am wary of how voting for just two possible parties, each under control by money from different sides, can be called democracy.

But hey – I see those planes and bombers and US-navy ships and I will, naturally, declare the USA to be the most democratic country as well!

Democracy Defined by Banks

In recent years, interest in the idea of ​​central bank digital currencies has increased. Similar to cash, central bank digital currencies are a form of money issued by central banks.

People work for money. People are controlled by money. People are controlled by the banks.

In each country, a central bank manages the local currency and monetary policy to ensure financial stability. Unlike cash, central bank digital currencies are designed to adapt national financial infrastructures to the changing needs of the economy and technology.

Maybe the word adapt is wrong. Perhaps total utter control or surveillance or big-brother type of thing would be more appropriate.

Led by international financial institutions such as the Bank for International Settlements and the International Monetary Fund, central banks study technologies, conduct experiments and create national economic scenarios.

You are not free now. You will be free even less. You do not live in a democracy now. Not only that, but you will not live in a democracy in the future. Maybe for the better – people are, well, not smart. Long live the banks! Not. Goodbye.

How do you rate this article?


33

1

Drake Flyer
Drake Flyer

Hi. I am a crypto enthusiat since 2018 and I love writing about it on Medium. I write about the current market situation, to expose frauds and my personal experiences in the crypto world.


Revolution is Crypto
Revolution is Crypto

There are 2–3 revolutions in one’s lifetime. Is crypto one of them? Here we will talk everything about crypto, especially frauds and personal experiences. Welcome you crypto-revolutionist!

Send a $0.01 microtip in crypto to the author, and earn yourself as you read!

20% to author / 80% to me.
We pay the tips from our rewards pool.