Governments across the globe are working hard to implement digital currency schemes that will give them direct control and access to the financial lives of their citizens. John and Nisha Whitehead explain at The Rutherford Institute, writing: Make way for the digital dollar. Whether it’s the central bank digital currency favored by President Biden, or the […]
Governments Are Very Afraid of Sam Altman’s Worldcoin
What happens when robots and humans can’t be differentiated by traditional means? How can you prevent your identity being stolen by AI? It turns out one of the world’s pioneers of artificial intelligence is working on a solution to that problem. Sam Altman of OpenAI is developing Worldcoin, a system used to verify the “humanness” […]
The Dangers of a Cashless Society
One of the stories proponents of a cashless society try to use to attract support is that crime uses cash, and without cash, crime will be more difficult. It turns out that in Sweden, which has moved more rapidly toward a cashless society than any other country on earth, criminals have unsurprisingly exploited the new […]
Digital Currency, or Digital Control?
A new book from the Cato Institute’s Nicholas Anthony explores the dangers of central bank digital currencies (CBDCs) and the future of money. In Cato’s announcement of the book, Anthony writes: The Cato Institute has officially published my first book, Digital Currency or Digital Control? Decoding CBDC and the Future of Money. The book offers a one‐stop […]
There Are No Good CBDCs
At the Cato Institute, Norbert Michel explains that there are no good versions of a central bank digital currency. He writes: My colleague Nick Anthony and I have written extensively about central bank digital currencies. We’ve carefully documented how the benefits are few and far between, as well as how severe the risks are. Some […]
CBDC Proponents Have Failed to Make Their Case
I have long advocated against any move to a central bank digital currency (CBDC). You can read more on that here. Recently, at the Cato Institute, Nicholas Anthony explained that advocates for CBDCs have failed to make their case. He writes: When the market can’t deliver, products fail. When governments can’t deliver, products are forced upon […]
“A CBDC Has No Place in the American Economy”
Originally posted on October 2, 2023. At the Cato Institute, Norbert Michel continues to make the case against central bank digital currencies, telling readers, “A CBDC has no place in the American economy.” He concludes: In the extreme case, when the government is the only provider of a service, dissatisfied customers have no alternative. But even […]
Trump on Digital Currency
You have read about the dangers of a central bank digital currency on YourSurvivalGuy.com: Do You Know the Worst Part about a CBDC? The Subtle Push to Control Your Money Do You Want “New Forms of Money?” Is the Fed about to Launch a Financial “Death Star?” How Your Survival Guy Feels About Digital Dollars […]
Digital Dollars: A Warning Where You’re the Prey
In my conversations with you, you voice your concerns about the digitization of the dollar. Clearly, there are publications out there warning the sky is falling. It’s unsettling at best. Then, over the holidays with your family and friends, you bring up the subject, and the person you’re talking with doesn’t have a clue. After […]
Were Nigerians Forced to Accept a CBDC?
At the Cato Institute, Nicholas Anthony suggests that Nigerians have been forced through some level of government subterfuge to accept a central bank digital currency (CBDC). He writes: Late last year, the Nigerian government caused a cash shortage for the country’s 200 million citizens that led to protests, riots, and unrest. Since then, the Central […]
