#1412 James Lavish | Bitcoin & The National Debt Crisis
The Pomp Podcast
Beware the Control of Digital Currency
Credit scores are opaque, influenced by various factors that individuals cannot easily track. Excess cash holdings can lead to higher inflation rates, suggesting a system that incentivizes spending to keep money circulating. Automation presents a double-edged sword; while it offers efficiency, reliance on government-controlled central bank digital currencies raises concerns about oversight and control. The fear of government intervention makes people uneasy about technology integrating with finance, particularly when considering foreign influence in critical infrastructure. Individuals should advocate for their rights and resist central control over digital transactions to protect personal freedoms.
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