Fascinating CBDC would increase the costs of borrowing and exacerbate bank runs. Based on the current administration's track record CBDC will championed and implemented. They'll think its free money.
Mr Files - you forgot something. Seigniorage, the profit made by a government by issuing currency, especially the difference between the face value of coins and their production costs. If one just converting local currency into digital Dollars or Lira there is no seigniorage!
Ya, there in none on all of the digital dollars either, but!
How great is that? You don’t need to worry about fancy plates and special paper to print money anymore. You can just create it from nothing; then pay people with it who do nothing. It’s the ultimate video game. America: what a country!
Why would we accept this shit?
We don't.
Banks cannot force us.
CBDC will lead to the culling of Bankers who will be hanged openly in the streets for this.
Want to invest?
Invest into the Future!
Around the world in 4h?
No problem at all.
With no speed limitations at all and an exponential rate of acceleration, in theory 40.000 km could be achieved within 1h.
And all this with absolute Zero Emissions..
This is my invention.
Of course I cannot do this alone... so I need help... financially and intellectually.
Hang the Bankers.
https://fritzfreud.substack.com/p/around-the-world-in-4-hours
Fascinating CBDC would increase the costs of borrowing and exacerbate bank runs. Based on the current administration's track record CBDC will championed and implemented. They'll think its free money.
Mr Files - you forgot something. Seigniorage, the profit made by a government by issuing currency, especially the difference between the face value of coins and their production costs. If one just converting local currency into digital Dollars or Lira there is no seigniorage!
Ya, there in none on all of the digital dollars either, but!
How great is that? You don’t need to worry about fancy plates and special paper to print money anymore. You can just create it from nothing; then pay people with it who do nothing. It’s the ultimate video game. America: what a country!