What is CBDC?
Good Question! Here’s a good video that explains exactly what cbdc is.
Richard Hall of Rich Planet TV has produced the video below explaining the dangers of smart money, central bank digital currency (“CBDC”) and removing cash. Everyone needs to watch this video. It needs to be shared widely, particularly with those who think blockchain is “private” and will “beat” the system and with younger generations who think cash is or should be made obsolete.
The Federal Reserves Definition of CBDC is:
CBDC is generally defined as a digital liability of a central bank that is widely available to the general public. Today in the United States, Federal Reserve notes (i.e., physical currency) are the only type of central bank money available to the general public. Like existing forms of money, a CBDC would enable the general public to make digital payments. As a liability of the Federal Reserve, however, a CBDC would be the safest digital asset available to the general public, with no associated credit or liquidity risk.
The Federal Reserve Board has issued a discussion paper that examines the pros and cons of a potential U.S. CBDC. As part of this process, we sought public feedback on a range of topics related to CBDC. The Federal Reserve is committed to hearing a wide range of voices on these topics.
My answer to this is there are No pros to CBDC at all and this is nothing but a major Con.
My warning to you is never ever accept CBDC and get silver and gold. Period. USCBDC will become the restraints the elites desire for the masses.