Edward Snowden calls CBDCs cryptofaschistic currency - more of a perversion of cryptocurrency - Economics
Edward Snowden calls CBDCs cryptofaschistic currency - more of a perversion of cryptocurrency - Economics
On October 9, the Whistleblower and data protection officer Edward Snowden published an opinion article on digital currencies of the central banks (CBDCs) and claimed that CBDCs are "the latest danger that climbs the public horizon". Snowden emphasized that CBDCs were more as an innovation, but "more of a perversion of cryptocurrency" and a "cryptofaschistic currency".
Snowden emphasizes that CBDCs are “expressly designed to refuse their users the basic property of their money”
While politicians and the modern banking cartel were exclusively about the digital currencies of the central banks, many critics believe that they do not differ from centralized databases. On Saturday, the former subcontractor of the Central Intelligence Agency (CIA) and the National Security Agency (NSA) Edward Snowden, published an article in which he believes CBDCs will bring society. Snowden is a fan of decentralized crypto-assets such as Bitcoin, Ethereum and Zcash. However, when it comes to CBDCs, the whistleblower is concerned about taking over the technology.
"I will tell you what a CBDC is not - it is not how Wikipedia could tell you a digital dollar," emphasizes Snowden in his article. "After all, most dollars are already digital and do not exist as something that is folded in their wallet, but rather as an entry in the database of a bank, and reproduced under the glass of its phone. A digital central bank currency is also not a state hug of cryptocurrency - at least not the cryptocurrency, since pretty much everyone in the world is currently understood," said the Whistleblower, "said the Whistleblower. Snowden added:
Eddie Hobbs claims: "Your savings are collateral damage in the new rules of the game"
The future of this corrupt currency system can be seen from a mile removal, and in another recently published opinion hill article, the financial advisor and author Eddie Hobbs explains: "Your savings are collateral damage in the new rules of the game." Hobbs emphasizes that the increase in global over -indebtedness cannot be helped, unless the key interest rates are reduced for a decade or longer.
"The central banks know that letting go of inflation is the only way out, while governments increase borrowing to the level of the world war, in the hope of boosting growth more quickly than the debts increased," said the financial journalist. "The ECB intends to ride the shotgun so that time and inflation undermine the real value of the outstanding debt while making their contribution by pressing interest rates into the negative area." Hobbs adds:
savings are collateral damage in the new rules of the game. Irish banks require up to -0.65 %to keep cash. So far, the capacity of the Credit Union to accept cash has severely restricted and harms the deposits of companies, trusts and charity organizations, but it will come to you next year as soon as it drops from seven -digit consumer performances. You can ignore the opposite propaganda of the banks.
What do you think of Edward Snowden's opinion on CBDCs and Eddie Hobbs, who explain that savings in the new rules of the game are collateral damage? Let us know your opinion on this topic in the comments below.
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