South Carolina Bill Would Ban use of a CBDC as Money in the State

submitted by Drewski from blog.tenthamendmentcenter.com

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[–]ShoahKahn 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

Just use cash. That's it. For unless a majority of people move to digital, they simply cannot move from fiat Monopoly money to 0's and 1's / imaginary 'money'.

[–]boston_blackie 2 insightful - 1 fun2 insightful - 0 fun3 insightful - 1 fun -  (2 children)

They will either:

1> Sunset cash after 1 year

2> Outlaw cash for purchases over $5000 for a year and then outlaw cash completely.

Risky dangerous scheme that means the end of your freedom and the end of America.

JUST SAY NO.

[–]ShoahKahn 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

Again, those options only open up if, say (I don't know the actual "tipping point") two-thirds or more have already adopted the binary code currencies. Implementing vax style "mandates" would destroy the global economy overnight.

The one thing no one considers is that, if the world did move to a purely digital currency, and we had some huge C. M. E. ("Coronal Mass Ejection") -- a matter of when, not if -- and another "Carrington Event" (1865) occurred, or even an E. M. P. attack, and all the electronics were destroyed / wiped of data, the only people who would possess wealth would be those with precious metals and those with tangible skills (mechanics, engineers etc.)... And that's a position I do not believe billionaires sitting atop of fiat fortunes, ever want to end up in.

[–]boston_blackie 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

interesting points! People will naturally move towards barter and using currency substitutes like bullets.