The Perils of Central Bank Digital Currencies (CBDCs)

Central Bank Digital Currencies (CBDCs) are being touted as the future of money, offering a secure, efficient, and inclusive alternative to traditional cash. Governments and central banks envision faster transactions, reduced costs, and better control over monetary policy. However, beneath this appealing facade lie significant risks to personal freedom, financial stability, and the very fabric of democratic societies. This article delves into these societal dangers, drawing on real-world examples, and explores decentralized finance (DeFi) and gold-backed assets as more resilient and liberty-preserving alternatives.