Posts

Vaporizing Money

avatar of @acesontop
80
Adrian
3 min read

A very long time ago, in one of my so-called "conspiracy theory type of posts," I tackled the topic of digital money that has an expiration date. By digital money, we're by no means referring to cryptocurrencies, but rather to "a form of CBDCs".

Now it seems that this type of digital money is entering the Chinese economy. Yes, the Chinese seem to be the leaders in all sorts of evil shit lately. I've come to this piece of information regarding the digital yuan that has an expiration date, and it is being tested right now in China, thanks to @edicted who shilled it on Twitter.

Edicted was somehow seeing this event from a whole different perspective than my own. He considers that people having to deal with cash that has an expiration date will turn more into investing spare cash that would rather end up into a savings account if that cash would not expire, instead of drying the funds up so they don't lose it... now that it has an expiration date.

I am of a different opinion. I believe, and I have stated this one so many times on my blog, that the masses don't have the proper financial education to do so. The majority doesn't have the investors mentality, but rather the one of consumerism.

Hence, I consider that most of the Chinese being forced into accepting such a currency will end up becoming pure slaves of the system. These guys won't be able to save cash, thus they will have to stay tied to the system and accept the systems impoverishing rules "till the end will set em apart".

Where do you leave if living paycheck to paycheck?

Almost nowhere, considering that the Chinese are not earning much on a monthly basis when comparing them with the Americans, The Swiss, Norwegians or even the Germans. China has never ceased of being a communist country, but with this one, it is taking communism to the extreme.

You see, the plebs are not entirely stupid, uneducated, or asleep, they do hear, read and acknowledge a tiny part of this shit I'm almost daily talking about, but they don't do anything about that. Just a couple of days ago a 75 years old dude was telling me that the Russians and the Chinese are planning on creating a new world order...

Well, I guess we already have a war on who's bringing that world order "first". The problem is that these guys(the plebs) don't ask themselves what that new world order shall look like and what can we do to stop it. Cryptocurrency is definitely one way to make their plans drown, but speculating on crypto isn't going to help that...

Colorado residents can now pay state taxes with bitcoin and cryptocurrency... but only with a PayPal account.... But sir, why must they use PayPal and not simply use an "unhosted wallet" to pay their taxes with crypto?

It's because privacy is not a must, Pinky...

This move is also intended in having the citizens under control. PayPal being a centralized company means that every account can and will be susceptible to Orwellian surveillance when needed. I once again will come back to Friedrich Hayek's quote that I love so much: we will never have good money until we take it from the hands of the governments.

Well, Bitcoin, Hive, HBD, DASH, Monero, and quite a few others do fall in that money category Hayek was pointing at, but unfortunately not many see this. Anyway, I hope everyone is having a fantastic day, and see you in the next post.

Thanks for your attention, Adrian

Posted Using LeoFinance Beta