A warning that governments are pushing central bank digital currencies to replace cash, enabling programmable money with expiration dates and spending restrictions. CBDCs would eliminate financial privacy and give authorities total control over where and how people spend.
Physical cash will be gone in our lifetimes. I absolutely believe that we will see physical cash disappear in our lifetimes. Nobody will be using it, and I think that will happen sooner than you think. Uh, and they're going to push a CBDC, which is a central bank digital currency. They're going to push it on you or force you to use it. Cash will be worthless, uh, and you will have to use their CBDC. And you guys know with CBDCs, they can make your money expire if you don't spend it in time. They can make your money not spendable unless it's spent at a grocery store or somewhere else, you know. So they can give you potentially in the future a universal basic income, and literally portions of that will only be spendable on certain things. That's the control. It's programmable money, uh, with a CBDC. And obviously there's no privacy at all. It's all, you know, they can control it all.
