Is a key mechanism for government control of buying and selling nearing? And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. Rev. 13:17
"The Federal Reserve is pushing a Central Bank Digital
Currency which would give the government the unprecedented ability to
control a person’s life.
With the CBDC, the government would effectively have complete 
control
over an individual by deciding how much a person can spend by forcing a tax on all private
transactions, and by even theoretically penalizing people who save money
– thus ensuring a permanently poor underclass.
“It may seem that the purpose of a CBDC is to facilitate transactions
and enhance economic activity, but CBDCs are mainly about more
government control over individuals,” wrote
André Marques of the Mises Insitute.
“If a CBDC were implemented, the
central bank would have access to all transactions in addition to being
capable of freezing accounts.”
“The end of cash would mean less privacy for individuals and would
allow central banks to maintain a monetary policy of negative interest
rates with greater ease (since individuals would be unable to withdraw
money from commercial banks to avoid losses).”
A cashless society would allow governments to also adopt a
Chinese-style ‘social credit score’ in which people are penalized
financially for engaging in political “wrongthink.” IW
