mr peters spends a bit of time telling you about some of the drawbacks to cbdc masquerading as easy to use money. 

You have probably heard about “paying it forward” – by which is meant (essentially) do something nice, proactively.

Paying cash for everything you still can is even better – because if enough of us refuse to pay otherwise, it will be difficult for not-nice people to impose something awful on us. That being, of course, the elimination of cash – which entails something far worse than paying for things digitally (as in Central Bank Digital Currency, or CBDC).

It ought to be obvious what “digital” money will allow. Just the right word – and in italics for just that reason. You will be allowed to buy what those who control your money decide to allow you to buy. They will have the power to do this by dint of knowing what you’re trying to buy.

They will also know how much money you have – and where it all came from, down to the last cent.

Digital money is supervisory money. It is like being on allowance, when you were a kid – with your parents in control of your money. It is more like company store money, which was kind of the early 20th century version of CBDC. You worked for the company, which paid you in company money – coupons, basically – that you used to buy the company’s products at company stores under the terms and conditions set forth by the company.

But at least you didn’t have to work for the company.

You could leave the company town for greener pastures. No one will have anywhere to go – where they can freely buy or sell – when money is digitized by the government, which is owned by the banks. Both want very much to be able to control what you’re allowed to do with the money you’re allowed to use, because this is how they will control you..........more..........