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📺 My Vid On CBDCs 👉
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– TIMESTAMPS –
0:00 Intro
2:12 Significance of Digital Funds
5:21 Drawback With Fee Suppliers
10:08 Risks of Cashless World
11:56 A Dystopian Future?
15:52 The Pandemic & CBDCs
21:22 Remaining Ideas
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⛓️ 🔗 Helpful Hyperlinks 🔗 ⛓️
► Sweden cashless society:
► 70% of Central Banks researching CBCDCs:
► Examine on the impact of credit score and spending:
► Wechat and the surveillance State:
► Risks of Cashless Society:
► Grownup content material website goes full crypto:
► US regulator permits banks to make use of stablecoins:
► Chinese language authorities airdrops CBDC:
► Australia’s plan to ban money:
► Australia money ban & why it may be revived:
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🎩 Significance of Digital Funds 🎩
The reality is that these card and PayPal transactions you are taking without any consideration, energy the worldwide financial system. In spite of everything, with these digital transactions it’s going to be fairly troublesome to purchase something on-line.
Sure, a lot of these funds have tons of advantages. In case you lose your financial institution card, your financial institution will ship you a brand new one. Get scammed utilizing PayPal? Nicely, you may dispute that fee. You even get a ton of perks in case you use a bank card.
With all these advantages, you’ve gotten many individuals asking the query: Why will we even want money?
That’s kickstarted a pattern to a cashless society, with a big variety of governments taking a look at CBDCs. All the pieces sounds good, proper? Nicely, don’t be so hasty!
👎 The Drawback With Fee Suppliers 👎
Research have proven that the extra credit score an individual is given, the larger their propensity to spend. So, these bank cards are a kind of debt lure.
Debit playing cards have the advantages of bank cards. Nevertheless, you may solely spend the cash you’ve gotten. Nevertheless, the drawbacks are these service provider charges that are about 30 cents every and three% of the transactions. These charges are handed onto customers.
Then you’ve gotten the likes of WeChat Pay that mainly haven’t any transaction charges. Nevertheless, you do should put up with the Chinese language authorities sifting via your transactions. Do one thing the federal government doesn’t like they usually’ll droop your WeChat account! A genius manner of controlling the inhabitants.
🇭🇰 Risks of Cashless Society 🇭🇰
Seems that lots of people wished to attend the professional democracy protests a short while in the past. What was the principle manner of getting there? Public transport. In HK they’ve a contactless sensible card known as an Octopus card to pay for that. Nevertheless, in the course of the protests folks switched to paying in money as this might not be traced by the federal government.
Nevertheless, in a cashless society this could not be potential. So, this could result in larger authorities management. Additionally, do you actually need the likes of Visa to have this a lot energy?
🔮 A Dystopian Future?🔮
Be sure you watch the vid if you wish to hear my tackle the rise of fee oligopolies and the worth of crypto in its place.
🏦 The Pandemic & CBDCs 🏦
On this mini thought-experiment, I define how governments could usher within the age of cashless societies and CBDCs. Significantly guys, this may very well be the best assault on our freedoms we’ve ever seen!
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📜 Disclaimer 📜
The knowledge contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who just isn’t a licensed monetary advisor or registered funding advisor. Buying and selling cryptocurrencies poses appreciable threat of loss. The speaker doesn’t assure any explicit final result.
#CBDC #cashless #crypto #monopoly #visa #mastercard #eyuan #china
Source: Coin Bureau
35 Responses
Glad to see this vid is so much appreciated. I thought it needed to be said. As always, please watch out for scammers in the comments. And, if you crave more content then be sure to jump into my social channels 👉 https://guy.coinbureau.com/socials/
Is that a real £20 note… backed by gold?
Is it wrong to be in it for both the technology and the gains?
A cashless society equals complete totalitarian control. Unless people wake up and protest and change their transaction methods it will be upon the world soon. It enables complete government control over any population. Great Danger here.
This is only ONE of the reasons Covid was introduced into our world – been planned for years – it's coming (monitor and control)
MY NEW FAVORITE CHANNEL ON YOUTUBE !!!!!
Thanks for your research and content. Very worthwhile information on a variety of topics on this channel. Interesting to see how prophetic you we're (looking back now) having seen the US government use phone data to track those that attended the rally in Washington on Jan 6th, the day of the Capitol riot.
It's mad that this only has 83k views, more people need to see this.
Lets all agree to trade with pretty rocks if that happens lol
They are going to attack privacy coin first. They'll try to use force. They'll also track miners any way they can, And they'll use economic triangulation attacks, as well as make it illegal to pool against CBDC. They will then make all fees and taxes only payable in CBDC.then they will make it illegal for businesses to accept non CBDC for payment.
Expect total, asymmetric warfare. It's already begun.
"Bitcoin isn't sustainable"
"Crypto can be used for crime too easily"
"Hackers could empty your wallet"
"Tulipmania"
India and other nations are trying to make ALL crypto illegal to posses.
They will continue flag raising until one sticks.
You're not convincing anyone who actually knows about the CCP that they're actually Communist just because you emphasize the word 'Communist' when you say the whole party name. They're authoritarian …and basically in no way practice actual Communism. Stop fear-mongering about such disparate topics please.
TRUTH RIGHT THERE.
That is some Libertarian content right here! Are you sure you are not a Libertarian, Coin Bureau? 🙂
In india it is happening
No a cash society lets some old lady pay the neighbor's kid $5 to cut their grass. If its all digital the government will tax every cent. And kids or other won't be able to do odd jobs like that.
So the big question is, will fiat ever disappear? Let's say, in the next 100 years.
Surely Guy's most timely and socially responsible video!! Just when national governments have most lost the trust of the people (at least in the USA, and from those who value freedom over Big Daddy government solutions), now government officials in charge of financial matters want to replace cash with government-controlled digital currencies. Guy's example of Pornhub is "cute" and noncontroversial as an example. More sinister is the denial of financial services to conservative blogs and websites, and to persons seeking to find funding for astronomical lawyer fees through crowd-funding (Kyle Rittenhouse and others). Add to this the censorship by Big-Tech and that B-T and the US government share the same political views and one can see that social control in the US can be as strict as that in China, only the means are different. While looters, arsonists, and rioters never face legal consequences, police and persons only defending themselves are slammed by the law.
Guy is right on point regarding all this.
Guy makes me bullish in monero 😂
It's good but it paves the way for the 'Mark of the Beast' system.
You are the best guy ever
You're British monopoly board is broken
no credit under purchasing under 5$…..I see this all the time. I get it by how that my problem? take my money b
This is the most important CB vid I've ever seen.
I have soooo much admiration and appreciation for everything this ‘guy’ does 😉 Thank you for everything you do, hands down one of the best videos, on one of the best channels on not only crypto, but YouTube in general. Much love from the states (aka cartoonville )
government token looks more sketchy than safemoon
Guy you are a workaholic.!
I like your views of the future and technical present info.
Thanks guy
just keep an eye open to anyone in DC With authoritarian trend, which render Communism or Fascism irrelevant.
Thanks Guy and everyone at the Bureau. It's really nice to be able to share information when its put together so well. And hopefully open a few minds along the way.
In Denmark, parts of your video have already come true. As means to avoid money laundering, a company can no longer pay its partners in cash if the bill is more than 928 GBP. If so, the payment HAS to be digital…I wonder when this will also apply to me…
………. likes of Visa have shown interest in ETH . so is ETH guilty of accepting such support?
Another potential situation in which a digital currency could spell disaster would be during some sort of loss of power since it would be difficult to make transactions when there is no internet connection. In past disasters like hurricane Katrina people who had cash were still able to have at least a chance at buying needed items at the corner store, or if desperate, highly overpaying to anyone with that item – like a neighbor or even a random stranger. With no such option available it will turn to looting much quicker.
Great vid. But I think you wanted to say Plandemic, not Pandemic.
I'm so glad you brought up WeChat pay. EVERY single store, vendor, friend, stranger, and app accept WeChat pay. When I visited China, I don't even recall seeing a credit card. People just scan their phones to pay. It's ridiculously convenient, but it's also frightening. One company controls the vast majority of transactions in a country of 1.4 BILLION PEOPLE.
Go to those asian mom and pop shops. I promise they'll have no problem happily accepting your bank note LOL