Not only does this CBDC model raise “single point of failure” issues, leaving Americans’ financial information vulnerable to attack, but it could be used as a surveillance tool that Americans should never be forced to tolerate from their own government.
Rep Emmer Introduces Bill To Restrict Fed Issuance Of Money To Individuals
https://www.zerohedge.com/personal-finance/rep-emmer-introduces-bill-restrict-fed-issuance-money-individuals
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China's authoritarian rise at least serves the purpose of showing governments what not to do.
My fear though is that this congress person represents a minority pov.
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Not only does this CBDC model raise “single point of failure” issues, leaving Americans’ financial information vulnerable to attack, but it could be used as a surveillance tool that Americans should never be forced to tolerate from their own government.
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