Europe Lied About CBDCs

[@richardhaughton4303]

Deeply thought provoking, excellent video, I’m amazed that it was not taken off, well done and keep this dialogue up 😊

[@nomadcapitalist]

Thank you!

[@stratcaptain66]

You’re forgetting some major issues, these same governments will restrict your travel. While it sounds all warm and fuzzy having assets, and bank accounts in foreign countries, nut virtually useless when you can’t travel freely. Besides, many countries and more in the future will turn over banking information and even seize funds and property at the request of a friendly government. If we allow a CBDC combined with a social credit score, we’re doomed. I’m not saying it will be permanent…but it will feel that, I can assure you.

[@blinking_dodo]

As an IT nerd, i am completely AGAINST this new cyber euro. It scares me very much, as i can clearly see the potential "use cases" and risks it brings. It's pretty much a case of "it's worse than you think".

[@elsiepon6435]

😅😅😅😅​@@nomadcapitalist

[@philspd473]

​@@nomadcapitalistthe WEF just changed the definition of currency to include "as a means of social control"

[@lvt2050]

This is scary especially when considering how easy was for Canada to freeze trucker's assets or for EU to freeze Russian citizen's bank accounts. Please keep discussing this!

[@EZ-lj3hv]

And without a court order...as far as I know.

[@hanna0322]

Exactly. Cbdc will control humans' decisions,thoughts and behaviors.

[@amorepsyche808]

@@RichardWarner-df7dzthey will ban it this is the problem 🤦‍♀️

[@ailishlongmore924]

I am in my 70s, I’m wondering if I should take out my money from my bank and put it in a Credit Union which s really run by the members.? I am concerned.

[@ailishlongmore924]

Forgot to say,I live in Ireland. I don’t trust my Government.

[@anairanzu1]

The question really is, " How are we going to keep stealing the public money without being traced?"

[@culturalcurio2858]

Nailed it!

[@ldandco]

They will implement their own backdoor. It is a digital centralized ledger, which they WILL control. The same happens with CIA, NSA implementing backdoors on Intel and AMD microprocessors. Look it up. Sorry to disapoint you but you didn't "nail" it

[@scottdorsey8220]

Excellent assessment!

[@louiscypher4186]

@@ldandco They wont even bother with a backdoor. They will just declare their transactions need to be kept secret for "national security" reasons.

[@entresolysombra5245]

They are stealing our money and not the opposite !

[@timboharty7325]

I live in Austria , cash is king here , people are waking up to the corruption

[@SaikoEU]

Great job from Spain, I wish I could do something to change how things work here but I'm pretty happy about my Austrian partners waking up and taking initiative. No to Corruption!

[@StuartThompson-d1i]

The greatest threat to your own well-being is your own government. The sooner people realise this the better.

[@michaellamont2605]

What have our Taxes done for us? How are our roads, boarders, Chemtrails.... Our governments LITERALLY kill us WITH OUR MONEY

[@ItsVasco3456]

Too bad they take 40% of your salary, alongside make everything 23% more expensive, and charge a couple thousands a year on property taxes, alongside 40 or so % on fuel tax and you can say nothing about it

[@michaellamont2605]

@@ItsVasco3456 crypto solves this

[@ro6742]

War is when THEY tell you who your enemy is. Revolution is when you figure it out on your own. 🤔

[@ro6742]

GooTube didn’t like my comment……🤣🤣🤣🤣🤣 1st Amendment is a really big problem in their eyes.

[@timc3937]

Its not a slippery slope; its a cliff that you fall off of and dont realize the trap is there until your splattered at the base of the cliff wondering where your privacy went. We have laws against crimes we do not need more laws and control over currency.

[@ZONEPRESSLLC]

The Bribens and Clintons have committed horrible crimes. What laws are you talking about?

[@dfrozendog3849]

Well said.

[@sebas8225]

It's a exonomic crash

[@realsatoshihashimoto]

Great point. And when it comes to laws against crimes, if someone is going to accuse you of a crime then the onus is on THEM to prove it. Lawyers refer to this maxim as "He who asserts must prove." Otherwise known as the "presumption of innocence." Yet all these new rules re. Banking etc. have flipped this principle on its head. It seems the burden is now on the individual to prove they are not a money launderer or a terrorist if challenged, and if you don't (or can't) prove that then you are effectively cut off from all your money. Without access to money you are effectively a non person. Our freedoms and protections were put there for a good reason and it's time to draw a line in the sand and say no more. No to CBDC's. And let's roll back some of this AML and KYC stuff too, which targets little old ladies who don't drive any more trying to access their pension, and does nothing to stop actual money lauderers or terrorists.

[@rpersen]

We can’t avoid the traps we can’t see. Spread the word of this trap.

[@adamlee2550]

You dont own the money in your bank account. What if you could only ever have your money in a bank account? These scumbags want to have control over every aspect of our lives.

[@DrRock2009]

And why is that? It’s because the entire system is ending- so to keep corporate profits going they need to control you, your spending, your movements etc. It is the energy peaking that is really driving what is going on: less energy means less growth, less GDP, less of everything. And you aren’t going to like that, so people are going to kick off. So time you in your place, they feel the need to control you. This is what CBDC’s/technocratic fascist control state is for. 🤔

[@michaellamont2605]

Crypto solved this

[@joelimbergamo639]

No, the CBDC from the ECB will be controled by "wallet providers" so no the gov, and the idea is to have a more private alternative to cash, which is dissapearing slowly

[@JayyyCloud]

For what it is worth, a month ago or so I attended an event regarding the digital Euro. It was organized by the local financial forum and bank. They had the business architect of the ECB over to talk about the digital euro. In short the speaker didn't provide any compelling reasons to why we should transition, he said that the digital euro will be an alternative to the "regular" euro online. Debit cards will be issued with digital euro. But there won't be any benefits over the regular euro. There is no added security, it won't be faster, there is nothing of value that the digital euro will provide that the regular euro doesn't already . The man received backlash from the listeners, which were all people in the banking sector. It was a very eerie presentation. edit: grammar

[@bluemm2852]

They will have 100% control of it without the need for pesky little things like changing legislation and answering to anyone!

[@reneeemigree9004]

There IS an ADVANTAGE TO THE DIGITAL EURO - TO ‘THEM’ - A CAPITAL CONTROL - TO CONTROL AND MONITOR OTHER PEOPLE AND THEIR PERSONAL PRIVATE BUSINESS. All prophetic, has to play out, what a shame. Eschatology (end times) prophecy, waiting for this since the 80’s; here we are. They’re going to have their New World Order for a set time (briefly) and an important key, we feel, is, smaller states; not Superstates (primarily English speaking), etc. Listing a channel link, shortly, of what’s coming down the pike. Pt. 2

[@soliel8999]

Blue is a good color on Andrew.

[@CigarAttache]

@@soliel8999 that's a random comment but true! 🤣🤣🤣

[@JayyyCloud]

@@bluemm2852 Yes for sure, one thing that he also mentioned was that they were not sure what "architecture" they would choose or if it would be "decentralized" or not.. I saw it as trying to convince us to hop in.

[@SCLARK2112]

No money, no privacy, no freedom...

[@silentman-ze3gu]

Don’t fix what isn’t broken. Cash is fine. What exists now is fine. It’s all about total control

[@michaellamont2605]

It's still a liars promise

[@cautarepvp2079]

​@MikeKassel-no4ko oh yeah boy

[@amidaobscura]

Cash is fine but not fiat money, which currently are the same things. There is a need for a fix but not theirs.

[@zkSteve]

Fiat is broken. Cash has its limitations. What exists is not fine. But, a CBDC is not the solution.

[@michaellamont2605]

@@zkSteve crypto Already solved

[@1realtruthrightnow742]

Guys, there were people at the WEF forum that bragged and laughed about putting an experation date on digital money!!!! Let that really sink in. It's like cell phone plans in the past, where you could accumulate "rollover minutes" or airline miles you accumulate. Whoops, now thats all gone, and you will never get ahead, YOU and your family will ALWAYS and forever be on the treadmill.

[@ssuwandi3240]

When cash fund rates in all G7 have crossed 4%-5% they have turned into Emerging markets 😅 cut with massive fiscal obligations 😅 and massive property taxes 😅. Central banks have successfully killed Capitalism 😅

[@beardbandwidth8821]

If that happens people will buy stocks etc. include unrealized gains for individuals and the owners laugh all the way to the bank.

[@coinsilo]

Unfortunately, there are only a a handful of people who wish to question the current narrative of CBDC's. Most look at you with disbelief and or with looks of condescension. Many will only realise their personal freedoms have been quietly eroded when it's too late to object.

[@ColdWarWarriors]

And that is the story of western civillisation, it went quietly in the night.

[@rajneeshmilarepa6090]

Yep.

[@seaneustace9838]

God, I hope you’re wrong.

[@tombinkley2688]

It is about control, on what you spend, when you can spend, how much you can spend, which will lead to individual social scoring system to restrict selectively where, how much, when and what you can spend.

[@culturalcurio2858]

Also automatic fees for doing business and penalties will drain peoples accounts.

[@denisdecharmoy]

The biggest problem that I see is that they will have full control of your money. Over time they can freeze your account for any reason wituout your permission. Cash usage will slowly get reduced more and more until no cash is left Blessings

[@Carolinapetroska]

Yes Canada did it already. Trudeau froze several people 's bank accounts (even if it was against the law). Freeland doesn't care. They are evil politicians.

[@axeletzold9406]

While that's certainly a grave concern, I think it will be somewhat mitigated by the fact that if euro banknotes should completely disappear and your bank accounts can then be seized -- which has already happened in the Cyprus banking crisis after 2008 -- it might happen that just every seller will get struck by instantaneous "incurable" amnesia when it comes to finding that nice commodity you wanted to buy when you tell them that you wanted to pay in dollars, but in Zimbabwean ones, rather than U.S. or Canadian or Australian ones. That was a common thing to happen in East Germany, where the currency was called "mark", but the abovementioned amnesia could be immediately cured, when the buyer announced that he or she intended to pay in West German "marks". There are already non-government issued cryptocurrencies that focus on privacy that might play the role West German currency once had in East Germany...

[@denisdecharmoy]

@@ronjones8696 dont worry about BREXIT coming soon, once LABOUR get in, they will join the EU again. This will create MILLIONS of JOBS across EUROPE.

[@seaneustace9838]

It is a power play the governments do you have an exactly right? do you remember living at dad’s house when you couldn’t do anything you wanted to do because he controlled all your resources. Now imagine your father is Hitler and you’re a Jew. You get the picture.

[@michaellamont2605]

​@@ronjones8696 Why does Nigel not have crypto 🤔?

[@steven_dekok]

This is why I love Romania. There will always be some rural gardener or farmer who will sell me veggies/fruits/meats for cash or barter.

[@apollobrown6568]

when did they said any truth?

[@Pollywhop]

Never 😂

[@JazenValencia]

We all just grew up and found out how bad it's always been.

[@lindaanderson3698]

The fact that she got no punishment so blatently showing that elitists are treated differently tells you where we are. We've lost.

[@tommygriffith9594]

That time klaus said,”you’ll own nothing”

[@clearlight293]

While anonymity is important (we don't have anonymity with the current banking system anyway), the problem with CBDCs is that they're programable money, so those that control the CBDC can control on what and how much you spend on something. Imagine the government deciding you don't have the right to spend more than 100 euros on meat a month so they program the CBDC to enforce this or some other BS they come up with. "They" want total control on what and how you spend your money, and CBDCs is how they try to do it.

[@OurNewestMember]

No, no, no! It's completely your choice! Lab-grown meat is €5/lb. The first 3 pounds of natural meat are €12/lb , and after that €37/lb. You have been given the freedom to choose!

[@MrE073]

Every time you hear "Central Bank" think CORRUPTION

[@garrywagner7717]

When there is no accountability, nothing happens.

[@HerbisRGreen]

"If you want total security, go to prison. There you're fed, clothed, given medical care and so on. The only thing lacking... is freedom." - Dwight D. Eisenhower For anyone who thinks the government should pay for everything you need in your life. "Through knowledge and understanding we will drive from the temple of freedom all who seek to establish over us thought control - whether they be agents of a foreign power or demagogues thirsty for personal power and public notice." - Dwight D. Eisenhower "History does not long entrust the care of freedom to the weak or the timid." - Dwight D. Eisenhower

[@BH6242KCh]

"Prevent terrorism" she said as Europe ships in hordes of terrorists.

[@gford9988]

Excellent take on the slippery slope of government infringing on rights

[@seaneustace9838]

I’m sorry, but slippery slope is an understatement for central bank digital currencies. This is a red line that if they get to Crossett even if it takes them 50 or 100 years to implement what they will no doubt implement with it, you don’t create laws you don’t intend to use at some point, they have already boxed you in to the cage. It’s just a matter of time before they publicly state to you your position and their position the free housing. It’s not really free housing. It is a prison cell. You can check out anytime you like but you can never leave No offramp’s out of the system.

[@mtrest4]

Regardless of what they say or promise now, they will shift the goal post once cbdc is forced on the people.

[@TerryVogelaar]

My biggest fear is that a CBDC makes negative interest rates possible. Lowering interest rates has always been a strategy of central banks, but a rate below zero would cause bank runs. Unless of course, they can't withdraw, because there is no cash. Then they are forced to keep on spending, or else you'd pay interest, whether you have a savings account or a debt. That's what economist Edin Mujagic claims, and he derived that conclusion from the ECB's own writings. Horrifying!

[@seaneustace9838]

Your mind is going in exactly the right direction, but that should be the least of your fears. This is Mark of the beast kind of technology. This is the bridge to digital slavery. You will literally find it as easy to deal with the government as K in Kafkah novel. Your politics, they will simply turn off your money supply so you become homeless and starve to death that should be your worst fear. Read the book of revelation. They will use it to make you worship the devil as your God, and be damned, or be put to death. This is where this is going maybe not tomorrow maybe not in 50 years, but this is the road to hell. Much more terrifying than negative interest rates.

[@nikola96uf]

This is really possible. Fiat currency is debt backed and only way it can exists is by paying off old debt by issuing new debt trough bonds. This central bank ponzi scheme requires real interest rates to be negative and they were troguh 50 years when you factor inflation. But if nominal get negative, this doesn't make any relevant changes since it is just a little more loss since you would anyways lose purchasing power by saving money. So long term interest rates must be in downtrend because otherwise money wouldn't exist since it would earse to exist due to interest on debt that would surpass amount of money in circulation. So interest rate must go down. However, having negative nominal interest rates will cause panic and bankruns so they will have to print even more money and this would lead to hyperinflation. In case of cbdc this would make less panic, but it is still same story. People will dump currency as soon as they can and that will casue hyperinflation. In case they restrict what you can buy, this will lead to complete loss in trust in system and currency and that also leads to hyperinflation. So any way, interest rates go negative and once they go that negative so you are paid to borrow money, this would also cause very high inflation like it did when it was near 0. This also makes gap between rich and poor and once that gets huge, this would also lead to printing of money and hyperinflation is still last outcome of any scenario including cbdc and negative interest rates. That's why we have to protect ourselves with real money such as gold, silver and bitcoin. All commodities will be very important, especially food and water.

[@joelimbergamo639]

It already does, no one stores huge amounts of money in cash

[@greytogray6070]

Just outstanding Andrew. This is probably the best and most satisfying piece I've seen anywhere on the subject. Please keep us up to speed on developments on the topic when you think it's relevant. Thank you for your always informative videos.

[@nomadcapitalist]

Thank you for your kind words!

[@cedricbillingsley3960]

Credit cards are kind of like CBDC in that the bank can dictate who you can transact with and what you can buy. They also keep a detailed record of your transactions. This is the primary reason to always have some cash.

[@alanpinto19]

Imagine this power in the hands of government

[@likfrikbik]

It's similar. But the point of CBDCs is removal of cash from system (cashless society). When that happens,we are done.They have 100% control over you.

[@cezino10001]

You are right. People are scared of social credit. Guess what the credit score is??? This control insanity is going on for long time.

[@thegreat9481]

@@alanpinto19the government is the one with the restrictions that the bank has to follow by law 🤡

[@seaneustace9838]

I’ve started carrying cash the last six or seven years as I keep running into credit card machines that don’t work especially with Chase cards. If I go into a Cumberland Farms, I just don’t use a chase card because you have to run it three times before it goes through I have an idea why this is happening. I’ll keep that to myself. Everything you said about its connection to credit cards is exactly true. It also gives them ability to conduct, central bank operations, such as putting expiration dates on dollars, earned in order to stop people from saving to put money into the economy or encouraging savings by offering bonuses or extra cash. The most important one is that they can turn it off and decline your transactions because you made a bad comment online about Brandon or orange man. . Where are you? Drink too much soda or eat too much red meat or you are too religious or too atheistic for the taste of the current regime. It is in a word totalitarianism. It gives the government more and more control over peoples lives when they are to have none.

[@ruicadima610]

Not Europe, please. Say it European Union. Biggest chunk of europeans don’t have absolutely nothing to do with their plans.

[@rivenoak]

447m out of 746m is now a minority ? :p

[@unclefatbloke]

@@rivenoak That was CLEARLY not what he said! He was saying that if you are talking about EU organisations, do NOT generalize and say European! He was not saying the EU states are a minority. He was saying that 60% is not 100% so get off your oversensitive pedestlal!

[@shonuffLA]

And your account is frozen for incurring to many carbon expenditures this month. That’s the reason for this it’s all control

[@DrRock2009]

And why is that? It’s because the entire system is ending- so to keep corporate profits going they need to control you, your spending, your movements etc. It is the energy peaking that is really driving what is going on: less energy means less growth, less GDP, less of everything. And you aren’t going to like that, so people are going to kick off. So time you in your place, they feel the need to control you. This is what CBDC’s/technocratic fascist control state is for. 🤔

[@OurNewestMember]

Don't be ridiculous! It's not frozen. ...but it will cost you 15,200% more to drive or shop until your climate credits reset.

[@UpperZenith]

When Gen Z arrives into the highest political and commercial posts in the West, expect nothing but dystopian chaos.

[@peterhewer8475]

Cash is king.. I dont use cards for people to track me. Crypto, gold silver and cash is the future for privacy

[@amorepsyche808]

One of my biggest fears with this type of control is with our children s, if we don’t comply to their trans narrative or indoctrination or want to homeschool them they can freeze our accounts..scary timrs we live in

[@unsichtbar08]

I see the danger more in the combination of digital currency and smart contracts. Where the government can dictate to the individual how the money can or must be spent or how quickly the money can or must be spent when making public payments. And that's just the beginning.

[@seaneustace9838]

Yeah, ideal population not grumble and simply acts as an extension of the tyrants body. I can see why the central bankers want it. I can’t see why any person who is subject to the government, and has no protection from them by reason of his links to said government would want anything to do with this.

[@lorizoli]

To para-quote a certain colonial English soldier: "Whatever happens, we have crypto and they do not." ALL money issued by a state is ultimately an empty promise.

[@spicynoodle7419]

I started moving my bank savings into gold and I store it in the highest quality safe I could buy. If you are in USA, don't store your savings inside a bank deposit box. There is "civil asset forfeiture", the feds raided a bank somewhat recently and emptied everyone's deposit boxes

[@lunatremolsaries8027]

😮in what place , because house is not safe . Bank deposit box not safe ? Where where

[@spicynoodle7419]

​@@lunatremolsaries8027 house safe is very safe. Simply pour concrete around it and bolt it down to 3-4 walls.

[@lunatremolsaries8027]

@@spicynoodle7419 oh great 👍

[@angeladawn8]

“Its for the greater good” 😮

[@lautamaina]

CBDC=GAME OVER

[@tommygriffith9594]

This is an incredibly stressful time we’re living in.

[@edwardperez7183]

Instinticually I did not like cbdc...now I know why. Thanks for enlightening me.

[@fredsting6737]

And remember guys, its for your health

[@rajneeshmilarepa6090]

And the environment!

[@OurNewestMember]

And to protect our children from extremism!

[@Mikisoq39]

Cruella Largarde. Dont let a disney villain decide over your life.

[@JG-qt3pn]

What happens when the government takes over your healthcare? What healthcare?

[@taniayager3361]

Hmmm isn't that the WHO Treaty run virtually by the mega Czar who thinks he's god on this planet BG!

[@davidciprys7811]

The fact that that Monero and other privacy coins are delisted from crypto exchages in EU (plus requiring KYS to use the exchage) speaks for itself.

[@jaybennett5639]

Covid & government's actions have been a game changer.

[@ASMR_Lighting]

Lagarde is a criminal and should be recognized as such

[@user-vs9lu7zl2e]

Many thanks for sharing this!

[@electricsuitbatman]

If you see Japans negative intrest rates for banking. It costs you the person saving money to keep that money out of the economy. The digital money you store will have a shelf life. Depending on your credit rating, job status, marital status, etc.

[@OurNewestMember]

... What? We would never! But yes, if you have a good social score, you can get a dining loan for 8% instead of the usual 38%

[@Keep_calm_and_slave_on]

I’m mad as hell!!! They lied to me

[@cansurvivor4495]

Greg Manarrino calls her Christine LaGargoyle

[@CharDaLuX]

Outside of the business aspect, you are providing a service for humanity. It is regretful for our species, that the decimal spaces in one's bank account, decide levels of freedom. I remember two axioms that were circulating when I was a young man in the 80's: "What differentiates the men from the boys, is the price of their toys'; and, "He who dies with the most toys...wins!" I've grown-up much since then, as it does not require a genius intellect to see what's globally going on, but an aware intellect to understand it, and react. I applaud your efforts.

[@amidaobscura]

They don't really hide their intentions about anonymity. They are taking actions against services that anonymise transactions in public blockchains. By adding addresses to blacklists, suing developers and making it illegal to use such tools...

[@Rohol64]

The Chinese CBDC is the first programmable one ... Look into that..

[@Chiti-Chandrakanta637]

We have been on a recession since the beginning of 2022, but big media and governments all over the world didn’t want to admit it. We need to be wise and use our brains. Knowledge is power and I’d like all the family to be powerful! Just purchased some AM

[@laurencedavidwinter5408]

The soviet union of europe is fighting to survive. The breakdown will not be pretty😢

[@SellingFreedom]

I think they'll find it challenging to convince the majority to adopt their digital currency voluntarily. I think we'll see some sort of catalyst that makes it non-negotiable.

[@DrRock2009]

They know no one would willingly sign up for digital slavery…🤔

[@tombowman4489]

Free "money" thats how they will convert the masses. Sign up and get 1000 free ImagiEuro. Or discount on energy by paying with DC. But you will have to give up your regular bank account at the same time to be eligible.

[@matthewnirenberg]

Sadly it's going to be easy to bring in and they don't need to convince anyone. Please consider the following: * Note how many people just accepted and complied from 2020-2023 because the govt said so * Fear make the 95% fall in line, the threat or use of state sponsored violence [law enforcement, national guard, army, etc.] makes the other 5% fall in line one way or another * Most people don't have 2yrs worth of savings in the bank, nor do they have 2yrs worth of food rotation - this means they're dependent on others to 'get by' as they can't try to "wait it out" * The economy is collapsing thanks to the early stages of hyper inflation and what's likely intentional mismanagement * Whilst people will stick with the current system until it fails, the moment it fails (intentionally or otherwise), they'll begrudgingly flock to CBDC as it'll appear as the better solution * Govt assistance will only be available as CBDC * Food will only be purchasable in CBDC * Wages will only be payable / receivable in CBDC * Taxes and bills will suddenly only be payable in CBDC * It'll become illegal to buy or sell using anything other than CBDC on the legal threat of jail. Look how many ratted out their neighbours, friends and others from 2020-2023, also look back at how people ratted people out to the Stasi. People will comply out of fear * The govt will say - you have no money, the economy failed but we'll give you whatever the last balance you had in the bank, in CBDC. This will cause many to accept CBDC as they technically won't be out of money, they'll just be trapped in CBDC and the tyrannical control it gives the govt over the people Simply put - the powers that be are creating the perfect conditions to have the masses begging for CBDC - part of that is the intentional destruction of the existing economy / system. Remember, the CBDC has to be attractive - the only way to do that is to destroy the current system. I'm 100% against the WEF, CBDC, 15/20 minute cities and this dystopian tyranny - I see leaving the "west" as the only option. Unfortunately, the chance to save cash is gone. Banks are closing branches, removing ATM's, charging stupid amounts to deposit cash as a business, they're stopping people from withdrawing cash, etc. Most banks in Australia are ending cheques in 2024, and the govt bans cheques in 2025 outright, NZ has all but ended cheques already. Cash will be forced out very soon. Other tangibles (bullion, etc.) and having wealth outside the "west" is the only way to survive the end of cash providing you have a place to live outside the "west" without needing a "western" passport (i.e. ensure visas and permits are tied to a passport from a country outside of CANZUK/CUNA).

[@DrRock2009]

@@matthewnirenberg indeed! However, as Chris Martenson @ Peak Prosperity puts it: “They are trying to control the uncontrollable. As a result, they will accidentally wreck a very carefully balanced nested set of complex systems and our living standards will take a huge hit. How big is anybody's guess, but "substantial" is as low as I can go.”

[@ZONEPRESSLLC]

Bingo@@matthewnirenberg

[@vostok1961]

Every time high quality content - I watch your videos from 2-3 weeks now and not a single "empty talk". Great! Thank you for your effort.

[@nomadcapitalist]

Thanks for watching!

[@WakkerMaarNietWoke]

Hey Nomad Capitalist! I have a question for you… Why can’t we as the citizens of a country/state vote for the implementation of CBDC? Because it feels like they really want to implement it and they know 90% of the people don’t like the whole idea of CBDC. also I think they silence it to the ordinary folks and eventually they can’t go back to the old system idk let me know please!

[@mandrews1245]

If you can convince your government to hold a referendum to have or not have CBDC, then you can vote... Good luck with that! Most countries over the past several years have quietly passed the required legislation to implement CBDC's. The Central Banks have been working on this for a decade with all governments agreeing. They understand people will not want a CBDC. That is why they have kept most of this out of the media... although it has been well documented by the BIS, Bank of International Settlement. You don't hear much about the years of problems in Nigeria where the people have fought CBDC use. But in the end they had to succumb since the government and corporations would only allow any monetary transactions to be done via CBDC. They had an economy where 80% of transactions were carried out in cash. It is a big adjustment for these people.

[@OurNewestMember]

When was the last time citizens voted on a specific, substantive policy?

[@House-fp4sg]

Well done and thanks!

[@re4918]

Would prefer non-euro countries Czechia and Hungary over Slovakia.

[@ZONEPRESSLLC]

Aren't those two countries in the EU now?

[@re4918]

@@ZONEPRESSLLC in the EU but outside of the Euro-zone

[@gloriamitchell4005]

You are spot on! REMEMBER, the Canadian truckers? And remember when the Eu took the money; and remember when Ayn Rand’s father’s bookstore was taken by the Bolshevist and they were told the store belongs to all now. We are being lured into complacency w/free $ to Greece our palms.

[@jasonlee8418]

I wouldn’t recommend Ireland, we’re firmly in the grip of the E.U here, take a quick look at the political parties and policies. I moved here from the U.K. 18 months ago, the rural Irish people are fantastic, very welcoming and great sense of community, the political ‘elites’ are an absolute nightmare & ruining the country. I’m already thinking of moving to a country free of E.U. Influence, we’ll see what happens in the 2024 election first, I’ll be absolutely gutted, but another 4 years of these current clowns in charge and there’ll be precious little of Ireland left😢

[@adrianmorning.1555]

We're a small country (UK) but we're screwed just as bad as us or eu!

[@beckypetersen2680]

I really appreciated this - as an American living in Poland, I've been pretty confused about what this is actually.

[@BetterYet]

Excellent advice and information, as usual. None of this surprises the Christian world. The Bible predicted this 2000 years ago. (Rev 13, you need a mark to buy and sell). 2700 years ago it predicted that gold and silver will be worthless, (Ezek 7, silver thrown in the streets while going hungry). Back then it was unfathomable but you can sure see it happening today.

[@jim9337]

Thank you Andrew, glad to see your on top of this. I find your input is a valuable commodity. Happy New Year.

[@nomadcapitalist]

Thanks, happy holidays! 😊

[@belle8i]

The private banks are using ESG scores now, so guess who is getting loans and mortgages when they can see what you buy?

[@rajneeshmilarepa6090]

Seriously? So if you burn too much petrol going on a road trip, you can't get a loan?

[@111Sylvester]

Another excellent video.

[@nomadcapitalist]

Glad you enjoyed the video!

[@thailux6494]

This is one of those things nobody will care about in the future and they’ll laugh at 2023 people for thinking this was dystopian… Like smartphones, IDs, cameras, and so many other things.

[@AFractal]

I'm thinking this may end up being world wide. Kinda like our government embezzling, sending all of our tax cash world wide. Unfortunately or fortunately, I do not have much money to worry about, I think.

[@GhostNameless]

Are there any other western countries (not necessarily in the EU) where you can get residency by buying property?

[@AsmaTauseef-t3v]

Oppose oppose oppose

[@budstep7361]

Thank you for raising awareness, this is a real threat to freedom! Imagine a boot stamping on the face of humanity forever... that will be the end result of a CBDC dystopia.

[@user-sj2nr2jh1u]

Awesome videos as always. Can you talk more about the consequences of the EU TIN program introducing a pan european tax id for all citizens? Sounds like another nail in the coffin to me.

[@DenisTRUFFAUT]

100% agree with your conclusion. Europeans have max 5-10 years to move the money out of the EUSSR, after it will be too late.

[@bradhenry7317]

Thank you Andrew for your clear headed approach. Thank you all nomad capitalist team

[@med.i.tations]

Thank you Andrew ❤❤❤❤🥺❤️

[@galeseiker3549]

CBDC is all about control.

[@peterburanick8785]

" Public money " All social money, pensions, commodities.

[@samuelzev4076]

Honestly this was expected for a long time but really the idea of privacy is dead in this day and age even crypto is not really anonymous, it’s a public ledger that can be traced to each and everyone’s transactions. I think privacy is an illusion.

[@valuetraveler2026]

Privacy is not an illusion- you have to distinguish between you vs others (well and truly and alive) and you versus government / big tech (where privacy does not exist)

[@matthewnirenberg]

Only privacy coins are truly private - this is why the govt demands exchanges delist them. The govts know they can't stop them so they ban them by proxy - i.e. by closing the on-ramping and off-ramping.

[@johnyk9874]

In this day and age there are degrees of privacy ofc but the bigest problems of CBDC is that the"superstate" may control your income on what and when to spend it

[@weird-guy]

Only monero and zcash are “anonymous”

[@matthewnirenberg]

@@weird-guy There's also Pirate Chain

[@zoltrix7779]

My question is what do "they" want to achieve by removing anonymity? If "they" are the rich and powerful, isn't that undoing their own protections?

[@GalaxyAnjuWest]

You highlight a great point! Have you heard the saying "The rules apply to thee and not me" ... Well, this is exactly how the elite scumbags operate. They run the global systems and therefore exempt themselves from their own wicked web of tyrannical control.

[@damianpos8832]

no, they will be exempt of course..On grounds of national security or other made-up nonsense..

[@dianaroach3093]

You have that right. Not one government can be trusted.

[@chrisg2657]

Europe is going the way it was intended to be by a certain person in the 1939

[@SoundsLikeOdie]

The worst thing a public worker can do is provide an efficient service. If they do that their budget will be reduced the following year. They are encouraged to bloat their budgets. This means higher taxes. Most government employeess have government pensions. They dont care about inflation. CBDC is there to ensure efficient TAX collection and a secure retirement.

[@agcala9619]

Yes what you are saying seems to be close to happening. I will probably stay in the United States. however if I did move I would move to Europe. I relate to Europe not to Latin America. Getting used to another culture is difficult. We do enjoy your show and we appreciate the information you provide. It breaks my heart to see what is happening in Europe.

[@beckypetersen2680]

I think, though, you have more freedom in Latin America. Or at least with the way it is going in Europe...how it will be in a few years.

[@willryans5250]

Love your videos Andrew

[@nomadcapitalist]

Thanks!😊

[@aibekesenov2289]

Sehr gut dargestellt. Vielen Dank für Ihre wertvolle Arbeit. Möge Alla uns alle rdchtleiten. Amin

[@johnmknox]

Not so sure on the privacy thing. I suspect there are more Americans that value their privacy in general than in Europe. Except perhaps the further East you get in Europe. Unfortunately in Western Europe they seem to have a mentality of "If you've done nothing wrong you have nothing to hide". The UK still has a fair amount of privacy conscience people but sadly I think they are now in a minority. Everyone just accepts whatever the government and banks tell them without challenging it.

[@weird-guy]

The uk belong to the five eyes alliance, go to London the place with more cameras in Europe ect😂

[@patrickquirke888]

I'm in Slovakia and keep my money in gold. Nice and safe and anonymous

[@bobomac8330]

How do you use it to buy stuff? Like food retakes petrol....

[@damianpos8832]

tak to už niesom sám.

[@BritishPatriot662-4]

The world's population needs to rise up and stop it

[@oliviapendergast1]

I’m an American living in Kenya . Any surrounding countries that are wise to keep money in?

[@lukemurphy2807]

@nomadcapitalist just watched this video and found it quite informative. Since you brought up eastern Europe here I thought I'd ask what your thoughts on Hungary are right now: in terms of citizenship, financial freedom, risk of cbdc etc.

[@John-ul4hv]

Yep, Totalitarian, Coercive control involves perpetrators using patterns of abusive behaviours over time in a way that creates fear and denies liberty and autonomy.. Attorney Generals department Australian government

[@johntheaccountant5594]

Swiss still have a 1000 Swiss Franc Note = US$900

[@gigamhzLOL]

do you think your current transactions that are bank-to-bank, swift etc. are anonymous? Cash is kinda anonymous, but swift and other bank to bank are not.

[@Lilsparrow-of4pv]

Good clip, good vibes. I think I'll subscribe! ✌️😎

[@dxd42]

For me, extreme financial privacy serves only for money laundering 😂 Who are you trying to hide where your money comes from ? 🤔

[@diegoyanesholtz212]

The US has a lot too, I agree with the people over at Fox News over CDBC.

[@moneyvsfinance]

If you don't want to be abused by the issuer of your currency, don't let them have a monopoly. Subject them to fair competition. No taxes on private currencies.

[@miken7629]

The reason countries want CBDC's is to make money, CBDC's cost a lot in computer processing power, software, accounting and bureaucratic overhead, these cost will be supported by fees and fees are taxed creating new revenue stream from all transactions similar to a national sales tax, imagine the revenue stream created as a percentage of all financial transactions.

[@jimking5316]

Strikes me that she's just being honest, unlike a lot of people in the crypto world. Bockchains are *public* ledgers. They don't have any anonymity -- anyone can see any transaction. You can't necessarily trace the owner of either side easily, but its being done every day. any idea that any blockchain currency is anonymous is a fantasy.

[@weird-guy]

There’s some that are “anonymous” the most popular bitcoin isn’t 😂

[@beardbandwidth8821]

Monero.

[@bijouxcreateur94]

3:40 exactly. Great points.