Todd Polke warns that central bank digital currencies could let governments or banks turn off your money. He argues for financial sovereignty to protect your family's finances as society moves toward cashless systems.
We are moving more towards a cashless society, right? It's happening. I was reading something recently is that most cash, physical cash, is set to almost vanish from circulation within a decade. And so what that means is that everything is going to be digital. And if everything's being digital, all that has to happen is that can be turned off at any point in time. I mean, this potentially is going to be exacerbated at another level with the central bank digital currency. So I want you to think about this. Physical cash is gone. We're in a central bank digital currency controlled by the government and the big banking system. Basically what that's going to mean, if they want to fine you, they fine you. If they want to tax you, they tax you. If they want to shut down your bank accounts to then shut down your access to cash and capital is then gone. What you want to be thinking about right now is how are you going to set yourself up so that you can navigate no matter what comes your way in the future. You can navigate what is going on. You can duck and weave and pivot to make sure that you, your your family, and your financial future are gonna be safe and secure. That's what financial sovereignty is all about.
