cbdc is nothing you will want even if you consider the 'ease' factor; 

 

A new form of money being explored in Washington could reshape how Americans buy, sell and save, sparking warnings from lawmakers.

Known as a Central Bank Digital Currency (CBDC), or 'digital dollar,' the form of money would be issued and regulated by the Federal Reserve. Formal discussion regarding CBDC intensified around 2020.

The debate on the US adopting the digital dollar has been reignited online after Congressman Eric Burlison deemed it 'the most tyrannical tool you could put in Washington's hands.'

'Flip a switch, you can't buy a firearm. Flip another, you can't donate to your church. China built that system. We are NOT building it here,' the Missouri representative posted on X on Tuesday. 

If the US government were to adopt CBDC, critics have warned that it could directly manage money flow, monitor transactions in real-time, instantly distribute payments and enforce targeted monetary policy. 

Potential capabilities include programming money for specific uses, reducing financial privacy, and potentially enforcing negative interest rates.

Many lawmakers have been pushing to block the Federal Reserve from creating a digital currency, trying to attach a ban to several major bills.

Most recently, they attempted to include it in legislation extending a key surveillance program. However, that effort fell through when Congress passed the measure without the digital currency restriction before an April 30 deadline. .........more...........