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The Global Rejection Of CBDCs

Authored by Ari Patinkin & John Berlau via RealClear Markets,

The Biden administration and the Federal Reserve are taking steps toward the potential roll-out of a central bank digital currency (CBDC). In attempting to do so, they are ignoring serious concerns about consumer privacy and heavy-handed government control in the U.S. and abroad.

Everywhere around the world, powerful heads of central banks and politicians are pushing central bank digital currency. Yet also around the globe – from the U.S. to Europe to Africa – more and more of the general populace are rejecting CBDCs as they learn what they would entail and experience them in practice.

A CBDC is a digital form of a national currency issued or coordinated by a nation’s central bank.

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COUNTRIES IN DEFLATION

🇦🇫 AFGHANISTAN
🇦🇲 ARMENIA
🇧🇫 BURKINA FASO
🇨🇳 CHINA
🇨🇷 COSTA RICA
🇵🇦 PANAMA
🇸🇨 SEYCHELLES ...