😱 Central Bank Digital Currency - CBDC | Dangerous Idea?

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EconClips

EconClips

2 жыл бұрын

How could platform for Central Bank Digital Currency work? What forms CBDC can take? How CBDC changes economic policies? Is CBDC dangerous?
Learn Austrian Economics in a fun way!
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Econ Clips is an economic blog. Our objective is teaching economics through easy to watch animated films. We talk about variety of subjects such as economy, finance, inflation, money, investing, monetary systems, financial markets, financial institutions, cental banks, wealth, financial crises and business cycles. If you want to know how the economy works and understand why it works this way - join us on econclips.com and learn Austrian Economics in a fun way!

Пікірлер: 162
@sirellyn
@sirellyn 2 жыл бұрын
CBDC isn't just a "bad" idea, it's an apocalyptic idea. This has to be denied at ALL costs.
@sambee4927
@sambee4927 Жыл бұрын
And he causes all, the small and the great, the rich and the poor, and the free and the slaves, to be given a mark on their right hands or on their foreheads, and he decrees that no one will be able to buy or to sell, except the one who has the mark, either the name of the beast or the number of his name. (Revelation 13:16-18)
@robertflores51
@robertflores51 Жыл бұрын
(No
@Matt_Heebs
@Matt_Heebs Жыл бұрын
It's the path to implementing the mark of the beast, a one world currency with all of your bio-metric data combined with CBDC/social credit score will be in the mark...
@tabasco7915
@tabasco7915 Жыл бұрын
I mean to tell you.
@tabasco7915
@tabasco7915 Жыл бұрын
@@sambee4927 It sure seems to me that even now the WEF is rolling out the Red Carpet for the anti-Christ to assume power. It seems as well that World Governments will/are complying and following suit.
@aspektstv3149
@aspektstv3149 2 жыл бұрын
Digitalization of currency will end privacy that we enjoy in a physical cash based economy.
@BobWidlefish
@BobWidlefish 2 жыл бұрын
Just say no to CBDC!
@ashleyyoung1978
@ashleyyoung1978 Жыл бұрын
if they try to enslave us via digital currency we can just attack their payment system LOOOOOOL - literally anything we build to replace it will be better - spread the word. thats our attack plan. we will not be fully enslaved by a digital currency.. spread the word that our attack plan is to cyber attack their payment system... all iz good
@DrProgNerd
@DrProgNerd 2 жыл бұрын
Think about how much of your life is impacted by money. Now think about how effective you believe your government is. Do you REALLY want that government in control of your money/life?
@stephenzouhir351
@stephenzouhir351 2 жыл бұрын
Lately I’ve been thinking of buying cryptocurrency for retirement, I’ve set asides $350k to invest but along the line,I usually get cold feet, maybe because I have no idea what I’m doing, please I could really use some guidelines.
@sylwiapictrowska8013
@sylwiapictrowska8013 2 жыл бұрын
@@stephenzouhir351 In situations like this,I always recommend to people on getting guidance at least from someone that understands price action and all that while you strive on improving yourself by watching videos and learning fundamental analysis.
@sheacalvillo6393
@sheacalvillo6393 2 жыл бұрын
Investment guidance sounds like a great idea,thought about it before but never knew how to go about it.
@harrisvangeest5134
@harrisvangeest5134 2 жыл бұрын
@@sheacalvillo6393 I started investing in cryptocurrency a little while ago and I’ve come to realize nothing beats first hand experience..Investing with Juan Antonio Landa has been the best experience ever.
@hervenacitas8265
@hervenacitas8265 2 жыл бұрын
Wow…..Juan Antonio Landa?
@bnunley8135
@bnunley8135 Жыл бұрын
The American people need to stand up and refuse to use digital currency…..this is our country. The government works for the people…..has the government forgotten that fact…We the people need to remind them
@endtimesareuponus8930
@endtimesareuponus8930 Жыл бұрын
Too late
@jackduras6238
@jackduras6238 Жыл бұрын
reminding them is already tooo late
@rslongshot7453
@rslongshot7453 Жыл бұрын
Too late brother, we're on our own.
@ashleyyoung1978
@ashleyyoung1978 Жыл бұрын
if they try to enslave us via digital currency we can just attack their payment system LOOOOOOL - literally anything we build to replace it will be better - spread the word. thats our attack plan. we will not be fully enslaved by a digital currency.. spread the word that our attack plan is to cyber attack their payment system...okokok
@richardyoung9024
@richardyoung9024 6 ай бұрын
We already have a form of digital currency. It’s called “Credit Cards” and “Debit Cards”. We don’t need this dangerous addition!
@JoseMendoza-hx5kj
@JoseMendoza-hx5kj Жыл бұрын
JAPANESE CITIZENS ON WEDNESDAY 03, AUGUST 2022 AT 13:20 CET, VOTED DOWN THE USE OF A CENTRAL BANK DIGITAL CURRENCY, DUE TO "ZERO FINANCIAL PRIVACY WITH NO BENEFITS FOR ITS CITIZENS" ECONOMIST/MATHEMATICIAN
@zpclosangelesgraffiticafe
@zpclosangelesgraffiticafe Жыл бұрын
damn rte
@Matt_Heebs
@Matt_Heebs Жыл бұрын
Well done citizens of Japan. I dont think USA citizens will get to vote on it though. 😬
@TheSosaHouse
@TheSosaHouse Жыл бұрын
The gov't is alrady in control of our money, even if you have a dollar under your mattress, they control the value of that dollar.
@BruhImAGirl
@BruhImAGirl Жыл бұрын
They atleast have some laws to protect their citizens
@nitewatchman1576
@nitewatchman1576 Жыл бұрын
@@Matt_Heebs the dump the current nazi government here.
@rikardlalic7275
@rikardlalic7275 Жыл бұрын
History teaches us. What can easily missused for different purposes, will be missused for different purposes.
@prilep5
@prilep5 2 жыл бұрын
Cbdc will be used for universal basic income and social aid - limiting where and on what you can spend it and probably with expiration
@undftd28
@undftd28 Жыл бұрын
can i rent cars
@prilep5
@prilep5 Жыл бұрын
@@undftd28 you can rent electric bicycle
@undftd28
@undftd28 Жыл бұрын
@@prilep5 i was thinking more of a model s tesla, will that be possible?
@Pass179
@Pass179 Жыл бұрын
Also....they will know every penny you spend and on what. TOO MUCH GOVERNMENT!!
@jackduras6238
@jackduras6238 Жыл бұрын
welcome to absolute slavery
@muhammadedytuahrayaramadan7960
@muhammadedytuahrayaramadan7960 2 жыл бұрын
Does this means the government will have the power to redistribute wealth by force
@JOHNRMECH
@JOHNRMECH Жыл бұрын
Well, they began doing that in the 1960's. Now it'll be easier and quicker plus it opens the door for 'bail-ins."
@raymondayala5355
@raymondayala5355 Жыл бұрын
@@JOHNRMECHthis is exactly what is happening NOW. The “bail ins”
@JOHNRMECH
@JOHNRMECH Жыл бұрын
@@raymondayala5355 joke's on them: I'm broke!
@TheWizardGamez
@TheWizardGamez 3 ай бұрын
They can freeze your money. And you can do literally nothing about it. They can print and devalue without you being able to tell on any way possible. Today. You go to the store. You pay with 20 dollar bill. At the turn of the century it cost a nickel and pocket lint. Next year inflation may kick in. And you’ll have to pay with 200 dollars. You can tell how this is bad. Before central banking. You would literally feel the weight of gold increase. Paper money has abstracted that. And digital currency has abstracted that even more. It’s going to harm us all
@shake_shells11
@shake_shells11 Жыл бұрын
CBDC with a social score system
@lolawalsh9187
@lolawalsh9187 Жыл бұрын
Who controls the food supply controls the people; who controls the energy can control whole continents; who controls money can control the world” - Henry Kissinger
@marunio435
@marunio435 Жыл бұрын
We will not sit and wait for these things to happen. Humanity has fought bigger problems.
@jackduras6238
@jackduras6238 Жыл бұрын
this is one of the biggest one
@ashleyyoung1978
@ashleyyoung1978 Жыл бұрын
if they try to enslave us via digital currency we can just attack their payment system LOOOOOOL - literally anything we build to replace it will be better - spread the word. thats our attack plan. we will not be fully enslaved by a digital currency.. spread the word that our attack plan is to cyber attack their payment system... maaaan
@Kit_The_Fist
@Kit_The_Fist Жыл бұрын
CBDC absolutley not thank you very much - It appears G7 really do think we are that stupid - No matter how many trendy words you use or how you frame it, a programable currency which essentially becomes a voucher No!
@rutessian
@rutessian 2 жыл бұрын
What about a gold backed blockchain currency?
@undftd28
@undftd28 Жыл бұрын
dogecoin & shiba
@JOHNRMECH
@JOHNRMECH Жыл бұрын
It's not much different: you pay extremely high prices for not holding any gold.
@TheWizardGamez
@TheWizardGamez 3 ай бұрын
That’s just reserve money with extra steps. Not saying it wouldn’t work as I’m sure there is a gold coin or silver coin. Just that. The liquidity of gold at the moment isn’t to the levels that people would be willing to trust such an enterprise. Also. The state controls gold and silver supply. If we could get the state to forfeit that. We could get a serious money issuance. Also. Do you trust the blockchain? Do you trust that it will not be perverted? Do you trust the people who you are giving money/gold to convert into gold coin? And do you trust that you’ll be able to liquidate without the government ducking you over
@rikardlalic7275
@rikardlalic7275 Жыл бұрын
Planned economy, we know how it ends. 1984.
@ScottOrr95
@ScottOrr95 2 жыл бұрын
Buy gold and silver and dump currency.
@mrgruffy4499
@mrgruffy4499 Жыл бұрын
I still don't understand Bitcoin. What is the dollar equivalent to US currency? What do these wide varying market values mean? Like on one day Bitcoin is traded @! $10.00: another day, $20,000. And what is a "Blockchain"? What is a "platform"? This is too complicated for me.
@Stacksats21Qunitillion
@Stacksats21Qunitillion Жыл бұрын
A block chain is a ledger of transactions, arranged into blocks. The blocks are linked by a SHA256 hash which starts 0000004cff86k.. the zeros are the proof of work done by the miners.
@nicolagianaroli2024
@nicolagianaroli2024 Жыл бұрын
You can see it this way: you have a data-base which faithfully capture the details of all the transactions executed using that specific crypto. This database is replicated in many copies which can be found stored in virtually countless nodes which made the network . As a result that means you can trust 100% the info contained in the database and no central authority is charged with the task to update and maintain such database
@kipperwhite2976
@kipperwhite2976 Жыл бұрын
how will it work w/IRA's or Annuities? TY
@glitchh4004
@glitchh4004 Жыл бұрын
I think what this will cause is that people will start to move away from multicultural societies and move backwards to single culture governments. In other words, the governments will cause their own collapse by creating this, as the only reason democracies work is because control is so limited.
@ranggayogiswara5148
@ranggayogiswara5148 2 жыл бұрын
bitcoin only (probably) intends to solve the problems of centrality and inflation. the government may have misunderstood about it.
@lpro5952
@lpro5952 2 жыл бұрын
I love the quality of thise vidoe
@chadryals1647
@chadryals1647 Жыл бұрын
Biden signed the eo to does these in December 2022
@carolethein4953
@carolethein4953 Жыл бұрын
That has been the problem with this president.... He rules by EOs instead of going through the proper channels....
@nightcorefan1440
@nightcorefan1440 6 ай бұрын
Honestly all I can see happening after it takes effect is thousands of people having the government on their hit list. From taking or freezing their money. Literally! And those involved as well.
@rajputnarayanbaghel6294
@rajputnarayanbaghel6294 Жыл бұрын
Are bhai mere ko phaida kya hoga cbdc m invest karke.
@lpro5952
@lpro5952 2 жыл бұрын
also not evrey country might change to CBDC it affect foreing relationes crash some Econames that are dependent on each other
@buzzblitzer750
@buzzblitzer750 Жыл бұрын
Very dangerous idea, unless there’s no ability for state control/programming.
@ashleyyoung1978
@ashleyyoung1978 Жыл бұрын
if they try to enslave us via digital currency we can just attack their payment system LOOOOOOL - literally anything we build to replace it will be better - spread the word. thats our attack plan. we will not be fully enslaved by a digital currency.. spread the word that our attack plan is to cyber attack their payment system...
@Nathz83-tablenio
@Nathz83-tablenio Жыл бұрын
Thats easy..but..dangerous!
@ashleyyoung1978
@ashleyyoung1978 Жыл бұрын
if they try to enslave us via digital currency we can just attack their payment system LOOOOOOL - literally anything we build to replace it will be better - spread the word. thats our attack plan. we will not be fully enslaved by a digital currency.. spread the word that our attack plan is to cyber attack their payment system...
@gletussmaximus1116
@gletussmaximus1116 Жыл бұрын
We do not want it 😒
@middleages488
@middleages488 Жыл бұрын
Nothing better than cash.Backed by gold.All the rest is fiat and virtual reality.
@brenchomsky3515
@brenchomsky3515 Жыл бұрын
if cryptocurrencies with its blockchain still got hacked, how much more with CBDC ?
@serenity8145
@serenity8145 Жыл бұрын
Keep on using cash for as long as you can
@cryptonative
@cryptonative 2 жыл бұрын
It will be good if you can an anonymous wallet. That would let us not use conventional banks.
@ellerellerek52
@ellerellerek52 2 жыл бұрын
that's crypto currencies
@wackos
@wackos Жыл бұрын
Entering the world of #Dash @Dashpay and your there.
@aleksandersuur9475
@aleksandersuur9475 Жыл бұрын
pffff... forget about that, why the fuck would central bank facilitate tax fraud and money laundering?
@cryptonative
@cryptonative Жыл бұрын
@@ellerellerek52 kinda of but you cant pay your taxes with crypto currencies
@ellerellerek52
@ellerellerek52 Жыл бұрын
@@cryptonative who wants to pay taxes? not me
@mrgruffy4499
@mrgruffy4499 Жыл бұрын
Blockchain: A system in which a record of transactions, especially those made in a cryptocurrency, is maintained across computers that are linked in a peer-to-peer network. I still don't know what this means.
@nicolagianaroli2024
@nicolagianaroli2024 Жыл бұрын
It means that you have a data-base which faithfully capture the details of all the transactions. This database is replicated in many copies which can be found stored in the nodes which made the network . As a result that means you can trust 100% the info contained in the database and no central authority is charged with the task to update and maintain such database
@GrandmasMallCrawler
@GrandmasMallCrawler Жыл бұрын
the government cannot have monopolized control of our money
@roseownby4759
@roseownby4759 Жыл бұрын
Unfortunately it is coming
@mkb6418
@mkb6418 2 жыл бұрын
Totalitarianism is unavoidable
@davidpoindexter6778
@davidpoindexter6778 Жыл бұрын
Pew pew pew
@rpietryk4690
@rpietryk4690 Жыл бұрын
I see skimming everywhere it needs to stop so I can help register warranty no cigarettes
@motin123
@motin123 Жыл бұрын
Buy Dash
@socotroquito2007
@socotroquito2007 Жыл бұрын
Let’s mint our own money! And let’s make love without love , to the govt!
@ashleyyoung1978
@ashleyyoung1978 Жыл бұрын
if they try to enslave us via digital currency we can just attack their payment system LOOOOOOL - literally anything we build to replace it will be better - spread the word. thats our attack plan. we will not be fully enslaved by a digital currency.. spread the word that our attack plan is to cyber attack their payment system... lol
@dannypickering7360
@dannypickering7360 Жыл бұрын
another supposed conspiracy coming true, total control
@karen46600
@karen46600 9 ай бұрын
I guess we need to TALK TO THE JAPANESE TO VOTE IT DOWN CBDC
@brenchomsky3515
@brenchomsky3515 Жыл бұрын
Hackers will have a feast !!!!
@rubyfall171
@rubyfall171 Жыл бұрын
Never going to succeed.
@65zits
@65zits Жыл бұрын
Lets start a new marble currency, and tell them to gargle balls
@undftd28
@undftd28 Жыл бұрын
finally even playing field no more nice cars for my neighbors!!! let’s go CBDC
@johnhenryredcloud3187
@johnhenryredcloud3187 Жыл бұрын
It's the biblical beast system! I'll be no part of that.
@cajunstacker1376
@cajunstacker1376 Жыл бұрын
Not only will they tell you what you can and cannot buy. It will have an expiration date on the money to stop people from hoarding money for the future.
@wrathmor1834
@wrathmor1834 Жыл бұрын
Buy xrp. All platforms switching to iso20022 tokens.
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