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So devout defeatism prompted you to post this topic.The big tech and big data companies that get the contracts to implement it will also benefit.
Since profit is still way up at the tippy top of societal priorities and the banks, government, and big tech all stand to make massive profits from digital currency, it seems they're gonna do whatever's in their power to make it happen.
Scaremongering and conspiracy theories can't stop it. Resistance is futile.
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So devout defeatism prompted you to post this topic.
"If you can't beat 'em join 'em."Social Enterprise: What It Is, How It Works, and Examples
A social enterprise is a business that has specific social objectives that serve its primary purpose.www.investopedia.com
Um. Knock, knock McFlyBorg:Recognizing when a fight is unwinnable and accepting reality isn’t defeatism.
Refusing to fight altogether? Defeat. Surrender. Submission. Acquiescence. Capitulation.Definition of defeatism
: an attitude of accepting, expecting, or being resigned to defeat.
What is Loserism?
1.
the practice of being a loser;
the act of being a loser.
That's loserism right there.
Indeed. Stop doing that. Start being righteously angry instead and join the fight.But fighting imaginary enemies & conspiracies is a just a stupid waste of time.
Um. Knock, knock McFlyBorg:
Refusing to fight altogether? Defeat. Surrender. Submission. Acquiescence. Capitulation.
Indeed. Stop doing that. Start being righteously angry instead and join the fight.
A Nobel winning economist has a plan for digital currency to solve the inflation problem.
On March 9, 2022 U.S. President Joe Biden signed Executive Order 14067 to develop a Central Bank Digital Currency.
Yale Professor and Nobel winning economist Robert Shiller thinks digital currency will solve the inflation problem. He wants to create the perfect electronic money by basing currency units on people's economic needs.
Shiller's plan is for sophisticated software to aggregate the prices of a typical basket of consumer’s daily purchases so that the price of the basket in dollars rises with inflation.
This is similar to the Unidad de Fomento used in Chile. In the 1960s, Chile created a quasi-currency called the UF to track inflation. If inflation rapidly accelerates, the UF becomes more valuable against the Chilean Peso, allowing UF holders to maintain buying power. Items priced in UF stay the same all the time, automatically adjusting with inflation.
In his book "The New Financial Order", Shiller proposed the US adopt a digital version of the UF.
Shiller wants to introduce a digital version of the UF into the US economy to protect the value of people's money from being eroded by inflation.
Companies like Square and PayPal could let people make payments in these new currency units anywhere in the world.
Most wages are not inflation-adjusted leading to fights over pay raises to adjust for inflation. But if wages were based on the basket of goods a wage earner needs, there would be no need to change it.
If your rent is automatically adjusted for inflation, you and your landlord don’t need to argue about how much it should be raised to keep up with inflation.
The government could also redefine the tax system to be automatically indexed to inflation. It would be easy and virtually costless.
Digital currency is already on the way to becoming reality. The Federal Reserve has a study group looking at launching digital currency to move the United States to a cashless society.
Upgrading to digital currency would revolutionize the financial system by creating more certainty and safety in the future. The sooner it happens, the sooner the scourge of inflation will be behind us.
Yes, of course. The reason, is to get folks to accept a central bank digital currency.They created it for a reason.
It really smacks of a modern form of slavery. And really, isn't that what Chinese "citizens," really are? Just well treated slaves of the CCP?
I'm sure all your questions will be answered as your research continues.
corbettreport.substack.com
www.minds.com
corbettreport.substack.com
And really? When folks get really educated on this issue? They will unite, across the political spectrum, just like they did during the revolutionary war. It is part of the American DNA, it is, truthfully, why Americans fought the war against the British trying to control our currency and trade.Now you've even forced me into agreeing with JohnDB about something.
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www.reuters.com
digitalcurrency.economist.com
www.cnn.com
www.corbettreport.com
Yes, of course. The reason, is to get folks to accept a central bank digital currency.
Clearly that isn't true. I have read that same thing on many different sites, and Klaus Schwab made comments about how this is a golden opportunity to get done what they have been wanting to do for a long time. I even gave a link to an article that proves, so many nations are introducing and testing CBDCs all at the same time, indeed, they will be controvertible-and easily exchangeable. Eventually leading to an easily replaceable world CBDC.Nobody but you thinks they created inflation to get folks to accept a digital currency.
www.weforum.org
You're just making up conspiracy theories.
Go sell crazy somewhere else.
Why would inflation make people accept central bank digital currency?
Shiller wants to introduce a digital version of the UF into the US economy to protect the value of people's money from being eroded by inflation.
Does central bank digital currency somehow solve the inflation problem?
Nope, nor would I.I wouldn’t be surprised if they shared many of the same opinions.
corbettreport.substack.com
