Votto
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- Oct 31, 2012
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Fed's "Digital Dollar" Idea Has Frightening Implications For Privacy And Freedom
The Federal Reserve is considering the creation of a digital dollar. The implications for privacy and freedom are frightening.

Must start with digital currency.
Why?
As we see with the dollar, the government can take as much of it from you as it wants via inflation. The more money they spend, the higher the inflation.
But if you have a dollar in your hand, it is still yours to spend, however much that is worth. But if you put it in a bank, it is no longer your money, it is the banks.
And as we have seen with bank failure, once the banks go bad your money disappears, unless the Federal government agrees to reimbruse you, which it does to a certain amount of money.
But with digital currency, you have no money in hand. All you will have is digital currency the government owns. In fact, they have to agree to let you use it. For example, if you spend dollars in a way they don't want you to, they can withhold those funds. As we saw with the Fuhrer Trudy in Canada, if you act in ways the government does not like, such as a trucker protest, they will just seize all y our digital assets as you become penniless overnight.