Former US Assistant Treasury Secretary, Monica Crowley: “CBDCs are only about power and control… It is a critical cornerstone to moving society to a social credit score kind of system.”
“Your assets will be a line of software, and therefore open to be taxed, drained, garnished or entirely wiped out by the government, or any controlling authority… Your privacy will be completely eliminated, along with your financial freedom.”
“Let’s say a government decides that you have overstepped your carbon emissions on any given month. If we have a fully digitised financial system, then the government will have the right to go into your bank account, and either tax you, or prevent you from buying gas for the rest of the month for your car, or airline tickets to fly anywhere… or lock you out of your account completely.”
Source: https://www.youtube.com/watch?v=Z1rpgOqly6Y
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