{"id":62379,"date":"2022-04-04T18:00:22","date_gmt":"2022-04-04T23:00:22","guid":{"rendered":"https:\/\/olduvai.ca\/?p=62379"},"modified":"2022-04-04T18:00:22","modified_gmt":"2022-04-04T23:00:22","slug":"countdown-to-u-s-government-default","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=62379","title":{"rendered":"Countdown to U.S. Government Default"},"content":{"rendered":"<h3 class=\"entry-title\"><a href=\"https:\/\/economicprism.com\/countdown-to-u-s-government-default\/\">Countdown to U.S. Government Default<\/a><\/h3>\n<div class=\"entry-content\">\n<p><a href=\"http:\/\/economicprism.com\/countdown-to-u-s-government-default\/\"><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-1829 size-full\" title=\"Countdown to U.S. Government Default\" src=\"https:\/\/economicprism.com\/wp-content\/uploads\/2012\/08\/Graffiti.jpg\" alt=\"\" width=\"150\" height=\"150\" \/><\/a>Central Bank Digital Currencies (CBDC) are coming.\u00a0 And they\u2019re coming much faster than most people care to think about.\u00a0 Are you ready?<\/p>\n<p>At the moment, roughly\u00a0<a href=\"https:\/\/www.nakedcapitalism.com\/2022\/03\/the-world-quietly-took-another-step-toward-embracing-central-bank-digital-currencies.html\">90 central banks<\/a>\u00a0\u2013 including the European Central Banks and the Federal Reserve \u2013 are either experimenting with, or are in varying stages of CBDC implementation.\u00a0 Moreover, these CBDC friendly central banks include all G20 economies.\u00a0 And together, represent more than 90 percent of global GDP.<\/p>\n<p>What\u2019s important to understand is the adoption of a CBDC in your country of residence would accompany the abolition of cash.\u00a0 This would be for your own good, of course.\u00a0 To eliminate nefarious transactions and black markets.<\/p>\n<p>If you value financial privacy and the liberty to spend your money as you please, then the rapidly approaching rollout of CBDCs is a major red flag.\u00a0 Compulsory use of a CBDC, like a digital dollar for example, would give central planners complete oversight and control over your finances.<span id=\"more-8070\"><\/span><\/p>\n<p>You see, under a CBDC regime \u2013 free of cash \u2013 all of your transactions would be subject to government surveillance.\u00a0 All remnants of financial freedom, privacy, and anonymity would be destroyed.\u00a0 But that\u2019s not all\u2026<\/p>\n<p>CBDCs would allow control freak, power mad central planners to do much more than spy and surveil your financial transactions.\u00a0 CBDCs would allow them to control how and when you spend your money.<\/p>\n<p>This may sound crazy to a sane person, who operates with a modicum of modesty and integrity.\u00a0 But, in truth, this is one of the main intents of CBDCs.\u00a0 In fact, several years ago Bank for International Settlements General Manager Agustin Carstens outlined the extraordinary powers CBDCs would afford central planners.\u00a0 Here are the particulars from\u00a0<a href=\"http:\/\/www.youtube.com\/watch?v=VYOEvurCVuk\">Carstens<\/a>\u00a0himself:<\/p>\n<p>\u2026click on the above link to read the rest of the article\u2026<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Countdown to U.S. Government Default Central Bank Digital Currencies (CBDC) are coming.\u00a0 And they\u2019re coming much faster than most people care to think about.\u00a0 Are you ready? At the moment, roughly\u00a090 central banks\u00a0\u2013 including the European Central Banks and the Federal Reserve \u2013 are either experimenting with, or are in varying stages of CBDC implementation.\u00a0 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[2,6],"tags":[1733,1269,28642,28643,124,125,2299,200,12043,11763,5432,827],"class_list":["post-62379","post","type-post","status-publish","format-standard","hentry","category-economics","category-liberty","tag-bank-for-international-settlements","tag-bis","tag-cbdc","tag-central-bank-digital-currency","tag-central-banks","tag-central-planning","tag-control","tag-default","tag-economic-prism","tag-mn-gordon","tag-physical-cash","tag-united-states"],"_links":{"self":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/62379","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=62379"}],"version-history":[{"count":1,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/62379\/revisions"}],"predecessor-version":[{"id":62380,"href":"https:\/\/olduvai.ca\/index.php?rest_route=\/wp\/v2\/posts\/62379\/revisions\/62380"}],"wp:attachment":[{"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=62379"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=62379"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/olduvai.ca\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=62379"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}