Pros and Cons of the CENTRAL BANK DIGITAL CURRENCY. Will it lead to a SOCIAL CREDIT SYSTEM?

80% of the world's governments are working overtime to ban paper money and install their Central Bank Digital Currency. This impetus cites convenience and security as major benefits behind the digital dollar. China has shown that CBDCs and the Social Credit System march in lockstep towards the most profound measure of control over their population.

Are CBDCs the gateway to the long time fabled dystopia? Or will it usher in a new age of financial freedom?

Bank of Canada CBDC survey: https://mobilesyrup.com/2023/05/08/ba...

Music attributions

Spaceship Fly-by, A
https://creativecommons.org/licenses/...
InspectorJ

Rock music.wav
https://creativecommons.org/licenses/...
Jibey-

Rock.wav
https://freesound.org/people/Ekiya/so...
Ekiya

Film Movie Synthwave Electropop Dance Retrowave 90s Atmo Cinematic music Mastered 120Bpm.wav
https://freesound.org/people/szegvari...
szegvari

SHORT CIRCUS OR CLOWN MUSIC.wav
https://creativecommons.org/licenses/...
metrostock99

Intro: 0:00-0:22
Pros: 0:23-1:37
Cons: 1:38-2:41
In God We Trust: 1:39-3:23
De-Banked: 3:34-5:07
Christine Legarde: 5:08-6:16
China's Social Credit System: 6:17-7:02
Trudeau admires China's dictatorship: 7:03-7:42
Outro: 7:43-7:57