I post this only as an aside to the continuing CBDC talk and moves away from tangible money
A record 8.5 million Chinese borrowers – about 1% of the country's working-age adults – are blacklisted by their government for failing to pay their debts, the Financial Times reported on Sunday.
The 8.54 million blacklisted borrowers, who are mostly aged between 18 and 59, are barred from buying airplane tickets, making mobile payments using apps like Alipay, working for the government, using toll roads, and engaging in many other activities, the paper reported.
Comments
-
@MsMorrisine said:
A record 8.5 million Chinese borrowers – about 1% of the country's working-age adults – are blacklisted by their government for failing to pay their debts, the Financial Times reported on Sunday.The 8.54 million blacklisted borrowers, who are mostly aged between 18 and 59, are barred from buying airplane tickets, making mobile payments using apps like Alipay, working for the government, using toll roads, and engaging in many other activities, the paper reported.
So your point is ?
I manage money. I earn money. I save money .
I give away money. I collect money.
I don’t love money . I do love the Lord God.0 -
there is investigations in the FedRes on CBDC
when they control money flow, the can control you.one part of the above is just a step to force the person to use cash via no AliPay. but focus on the rest: we're going to punish you by restricting how you use money.
CBDCs are a threat to spending freedom.
Keep money as gold, silver or even paper. just say no - to CBDC
Current maintainer of Stone's Master List of Favorite Websites // My BST transactions2 -
CBDC might complement those forms of transactional means, I don't think it will ever replace it.
American people don't want it, and I don't think either party does, either. Not sure the Fed does, too.
0 -
There are a lot of things the American people don't want that have been happening. I'm with you @MsMorrisine.
0 -
@bidask said:
@MsMorrisine said:
A record 8.5 million Chinese borrowers – about 1% of the country's working-age adults – are blacklisted by their government for failing to pay their debts, the Financial Times reported on Sunday.The 8.54 million blacklisted borrowers, who are mostly aged between 18 and 59, are barred from buying airplane tickets, making mobile payments using apps like Alipay, working for the government, using toll roads, and engaging in many other activities, the paper reported.
So your point is ?
point is CBDCs, if the only form of barter, can be used by a government to control a private individual's social, political and financial decisions. It's like a kid having to behave to get his allowance.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
2 -
@GoldFinger1969 said:
CBDC might complement those forms of transactional means, I don't think it will ever replace it.American people don't want it, and I don't think either party does, either. Not sure the Fed does, too.
Increased payment and money transfer options are a good thing. When the only option has a government at the spigot it can be a very, very bad thing. Ask the Canadian truckers.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
2 -
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
1 -
Another reason why a government believes it should have control over your access to your money
The moment a government tells people they cannot move their money, it teaches those elsewhere to move theirs before the same restriction reaches them. Confidence, and only confidence, is what keeps the current fractional banking system alive. CBDCs remove the need for confidence.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
0 -
Total Control, Baby! Yahoo!
Always use cash. Don't give them the default that they are hoping for.
Q: Are You Printing Money? Bernanke: Not Literally
I knew it would happen.0 -
@derryb said:
Another reason why a government believes it should have control over your access to your moneyThe moment a government tells people they cannot move their money, it teaches those elsewhere to move theirs before the same restriction reaches them. Confidence, and only confidence, is what keeps the current fractional banking system alive. CBDCs remove the need for confidence.
The digital Euro is here, is you dollar next?
The digital euro didn't arrive with a press conference. It arrived through the plumbing. The exits are closing.
Government is the great fiction through which everybody endeavors to live at the expense of everybody else. - Bastiat
0
Categories
- All Categories
- 520.1K Coins and Currency - PCGS
- 328.6K U.S. Coin Forum
- 14.8K PCGS Set Registry Forum
- 5.2K Q & A Forum
- 41.4K World & Ancient Coins Forum
- 3K U.S. & World Currency Forum
- 96.4K Buy, Sell, & Trade - U.S. Coins
- 7.3K Buy, Sell & Trade - World & Ancient Coins
- 1.5K Buy, Sell & Trade - Currency
- 61 Random
- 246.2K Trading Cards, Autographs and Memorabilia - PSA
- 90.3K Trading Cards & Memorabilia Forum
- 1.7K Autographs Forum
- 16.4K PSA Set Registry Forum
- 22K Sports Talk
- 115K Buy, Sell & Trade - Cards & Memorabilia
- 663 Buy, Sell & Trade - Autographs
- 2.2K Stamps
- 1.5K Stamps Forum
- 670 Buy, Sell & Trade - Stamps
- 83 Coin Shows
- 83 General Coin Show Information and Discussion
- 11.9K Misc
- 11.9K Testing Forum