One of the bigger notes this past week is that the government is pushing hard for a Digital Dollar. Yes, an alternative to the cryptocurrency market. Of course, that will enable a dystopian invasion on every dollar that you spend, with tracking of everything. It seems to follow in the footsteps of the banning of private ownership of gold, something done by Roosevelt in 1933. The various poposals follow the latest attacks on financial transactions by demanding Venmo turn over any information on simple money between friends. Further, the government could track your moving around, etc. In the coming weeks, I’ll talk about the Sesame Credit score in China that relates to this.
A switch to a cashless, digital form of currency could be relatively simple — and will enable near-total control of each person’s transactions.