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Yes, it Can Happen Here
by James Rickards Daily Reckoning
I’ve warned repeatedly about the dangers that central bank digital currencies (CBDCs) pose to personal liberties.
I’ve warned how they would allow governments to monitor every transaction you make, which basically means a surveillance state.
This facilitates the creation of a social credit system that allows governments to punish those who engage in unapproved activity such as buying guns, donating money to the wrong political party, buying unapproved literature, etc.
The government will even know your physical whereabouts at the point of purchase.
People could be denied employment opportunities, educational opportunities, access to banking systems, even the ability to travel.