The total surveillance of the Digital World
where are we right now?
what's going on?
What is the purpose of Executive Order 14067?
This refers to the adoption of digital currencies, or central bank digital currencies (CBDCs), around the world.
China has already launched its own digital currency, the digital yuan, which is being tested in several cities including Beijing.
The Bahamas also became one of the first countries to roll out a digital currency, the sand dollar, in 2020.
The European Central Bank (ECB) is also exploring the possibility of a digital euro and has launched a public consultation on the matter.
The U.S.A. has appeared to hurry on this.
What are Central Bank Digital Currencies, exactly?
Although it is a digital dollar, it is not a new form of money, but a new payment channel.
What negative outcomes are likely if we use digital currency?
Running out of money is the reason they created the CDBC.
THE QUESTION?
IS CDBC DOLLAR A CRYPTOCURRENCY?
ANSWER:
It is neither a cryptocurrency nor a blockchain.
Blockchain definition:
The blockchain enables the distribution and recording of digital information without any editing.
A blockchain is a decentralized digital ledger that is not controlled by any central authority like the Federal Reserve or a government institution.
It serves as a permanent and tamper-proof record of each person's transactions.
In a way, it's similar to a bank account, but instead of relying on a centralized institution like Wells Fargo or Bank of America, it relies on a network of participants who validate and maintain the ledger, some of whom may be participants in the Federal Reserve System.
What purpose does that serve?
Everybody will have a phone account and the banks will preserve all the records.
The transfer of funds to another country can involve the deduction of a fee by the central bank of that country. With the rise of blockchain technology and digital currencies, there is potential for governments to have alternative means of financial transactions without the need for traditional banks. This could result in faster and more cost-effective transactions.
THE PROBLEM:
When using digital systems, one of the first pieces of information that can be obtained is your location, which is already known through our phones.
Secondly, software for facial recognition can be used. Through product codes, gate recognition software can identify the items you are purchasing.
Digital currency may potentially prevent certain types of digital dollar transfers.
In addition, taxes levied by the government may be deducted directly from our cell phone accounts.
However, digital currency isn't just a new form of currency, but also a tool for increased surveillance.
CAN WE EXIT THAT SYSTEM AND WHAT IS THE SOLUTION?
We will have to switch to non-digital when everything is completely digital.
WHAT ARE THE DIGITAL ASSETS OF WORKERS' MONEY?
Gold, silver, real estate, and natural resources such as water and energy are all important assets for preserving wealth and providing a hedge against inflation.
Investing in physical gold and silver can provide a means of diversifying wealth outside of digital assets. Real estate can provide a steady stream of rental income and appreciation in value over time. Natural resources such as water and energy can provide a valuable source of income and resources in times of scarcity.
It is important to have a balanced investment portfolio that includes a variety of assets, including physical assets, to help protect against economic volatility and instability.
FINAL QUESTION!
WHAT YOU WILL DO IN RESPONSE TO ALL THAT! And the solution will only be a matter of particular preference.
A new digital surveillance era has been created to control and regulate consumer behavior.
ARTICLE BY YOUSSEF CHAMOUN 19-10-2022
The total surveillance of the Digital World
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