by Nick Giambruno
There's an excellent chance governments worldwide will soon force
their citizens to use Central Bank Digital Currencies (CBDCs).
CBDCs enable all
sorts of horrible, totalitarian things.
They allow governments to
track and control every penny you earn, save, and spend.
They are a powerful
tool for politicians to confiscate and redistribute wealth as
they see fit.
CBDCs will make it possible for central banks to impose deeply
negative interest rates, which are really just a euphemism for a
tax on saving money.
Governments could program CBDCs to have an expiration date -
like some airline frequent flyer miles - forcing people to spend
them, for example, before the end of the month when they'd
CBDCs will enable devious social engineering by allowing
governments to punish and reward people in ways they previously
impose lockdowns again for flu season, so-called "climate
change," or whatever pretext they find convenient.
CBDCs could be programmed
to only work in a geographic area.
For example, your
payments could be denied if you travel more than a mile from
your home during a lockdown.
Suppose the people in
charge want to encourage people to take a pharmaceutical product.
With CBDCs, they
could easily deposit money into the accounts of those who
complied and deduct it from those who didn't.
will be paired with a sort of social credit system.
Such a system is
already in place in China today. In the West, it's likely to
come in a different flavor.
Perhaps CBDCs will be
paired with an
Did you commit a
thought crime on social media?
Or perhaps you read
too many politically incorrect articles online?
Did you exceed your
monthly meat consumption allowance?
Then expect some
financial punishment thanks to the CBDCs.
CBDCs are, without a
doubt, an instrument of enslavement.
They represent a
quantum leap backward in human freedom.
Unfortunately, they're coming soon.
Governments will probably
mandate CBDCs as a "solution" when the next real or contrived crisis
hits - which is likely not far off.
That's the bad news...
The good news is that CBDCs are destined to fail...
Despite all the hype,
CBDCs are nothing but the same fiat currency scam on steroids.
It's doubtful CBDCs can save otherwise fundamentally unsound
currencies - as I believe all fiat currencies are.
If the current fiat
system is not viable, then CBDCs are even less viable as they enable
the government to engage in even more currency debasement.
Would a CBDC have saved the Zimbabwe dollar, the Venezuelan bolivar,
the Argentine peso, or the Lebanese lira?
I don't think so.
And a CBDC won't save
the US dollar or the euro either...
But that doesn't mean
governments won't try implementing CBDCs... with immensely
destructive consequences for many people.
While I believe CBDCs will inevitably self-destruct, nobody knows
how long it will take for that to happen. Communism was also
destined to self-destruct, but it took generations. I don't think it
will take nearly that long for CBDCs to fail, but that's just my
Therefore, the big question everyone should be asking is this...
What will you
do when the government forces everyone to use CBDCs?
I believe it's incumbent on free individuals to reject CBDCs.
It will be
challenging, but the reward - maintaining your sovereignty -
will be priceless.
Below I discuss five ways
you can do just that.
It's important to remember the wise words of Ron Paul:
"What none of them
(politicians) will admit is that the market is more powerful
than the central banks and all the economic planners put
Although it may take
time, the market always wins."
No matter what edicts,
decrees, or laws that politicians pass, they will never be able to
fully extinguish the desire of people to use alternatives to CBDCs.
That cracks the door
open to other options.
For example, consider
that Venezuela, Zimbabwe, Argentina, Lebanon, and many other
countries restrict the use of US dollars today.
However, all that does is
create a thriving black market - or, more accurately, a free market
- for US dollars and a parallel financial system.
We can expect
the same kind of dynamic if governments impose CBDCs.
I have no doubt
significant parallel systems and underground markets will naturally
Anyone who wants to avoid CBDC enslavement must learn to swim in
Below are five steps anyone can take to opt out of this dystopia.
Step #1: Use
Physical Gold and Silver
Avoiding CBDCs means using alternative forms of money.
Although people use money every day, few consider what it actually
is or what makes for a good money.
Asking people, "what is money?" is like asking a fish, "what is
The fish probably doesn't even notice the water unless it becomes
polluted or something is wrong.
Money is a good, just like any other in an economy. And it isn't a
complex notion to grasp. It doesn't require you to understand
convoluted math formulas and complicated theories - as the
gatekeepers in academia, media, and government mislead many folks
Understanding money is intuitive and straightforward. Money is
simply something useful for storing and exchanging value. That's it.
Think of money as a claim on human time. It's like stored life or
Unfortunately, today most of humanity thoughtlessly accepts whatever
their government gives them as money. However, money does not need
to come from the government. That's a total misnomer that the
average person has been hoodwinked into believing.
It would be similar to transporting yourself back in time and asking
the average person in the Soviet Union, "Where do shoes come from?"
They would say,
"Well, the government
makes the shoes. Where else could they come from? Who else could
make the shoes?"
It's the same mentality
here regarding money today - except it's much more widespread.
The truth is money doesn't need to come from the government any more
than shoes do.
People have used
stones, glass beads, salt, cattle, seashells, gold, silver, and
other commodities as money at different times.
However, for over 2,500
years, gold has been mankind's most enduring form of money.
Gold didn't become
money by accident or because some politicians decreed it.
Instead, it became
money because countless individuals throughout history and
across many different civilizations subjectively came to the
same conclusion: gold is money.
It resulted from a market
process of people looking for the best way to store and exchange
Why did they go to
What makes gold
attractive as money?
Gold has a set of unique characteristics that make it suitable as
Gold is durable, divisible, consistent, convenient, scarce, and most
importantly, the "hardest" of all physical commodities.
In other words, gold
is "hard to produce" relative to existing stockpiles and is the
one physical commodity most resistant to inflation of its
That's what gives
gold its monetary properties.
Anyone can opt-out of
CBDCs by using physical gold and silver to store and exchange value.
Physical gold is optimal for long-term savings and large
transactions. The best way to do that is with widely recognized gold
bullion coins, like the Canadian Gold Maple Leaf or the American
However, gold coins are generally inconvenient to use
for small transactions.
are more practical here...
Obtain Financial Sovereignty with Bitcoin
Bitcoin share some characteristics.
they are both digital
and facilitate fast payments from a mobile phone.
But that is where the
The reality is that CBDCs and Bitcoin are entirely
different in the most fundamental ways.
You need the
government's permission and blessing to use a CBDC, whereas
Bitcoin is permissionless.
Governments can (and will) create as many CBDC currency units as
they want. With Bitcoin, there can never be more than 21
million, and there is nothing anyone can do to inflate the
supply more than the predetermined amount in the protocol.
CBDCs are centralized.
Governments can censor transactions and freeze and confiscate
CBDC units. Bitcoin is censorship-resistant. No country's laws
can affect the protocol.
There is no privacy with CBDCs. However, if you take specific
steps with Bitcoin, it is possible to maintain reasonable
CBDCs are government money that are easy to produce and give
politicians a terrifying amount of control over people's lives.
On the other hand,
Bitcoin is non-state hard money that helps liberate individuals
from government control.
Bitcoin enables anyone to be their own bank.
Bitcoin allows you to
send and receive value from anyone anywhere without relying on
If you avoid CBDCs, that
will almost certainly mean avoiding the traditional
Knowing how to use Bitcoin in the most sovereign way possible will
Step #3: Get
Get to know the people in your local community.
If you avoid CBDCs, many of the conveniences of society will become
You will probably be unable to shop at Walmart and large stores of
any kind, as they will all be roped into the CBDC system.
You will have to become self-sufficient and rely on your
local community to obtain what you need. And that starts with
knowing who can provide you with the things you want and need.
The Amish are
incredibly successful in this regard.
I am not saying you must go 100% Amish to avoid CBDCs.
But we can learn how
their societies work outside the traditional system and emulate the
areas that make sense in our local communities.
Exchange Value for Value
Humans invented money to solve the difficulties of
But with CBDCs, governments will have perverted money from a
technology that facilities economic exchange into a tool of
enslavement. With CBDCs, barter doesn't look all that bad.
The key is understanding what value you can provide to others in
your local community and how you can exchange that for something you
That might mean performing some landscaping work for your dentist in
exchange for getting a cavity filled or washing the car of your
butcher in exchange for some ground beef.
Become a Prepper
To minimize the inconvenience of barter, it's ideal to become as
self-sufficient in as many areas as possible. That
includes stockpiling supplies and gaining survival knowledge and
If you already have what you need - or can produce it yourself -
that reduces the need to get it from others.
Unfortunately, CBDCs - and all the terrible things that go along
with them - are probably coming soon.
To summarize, here are five steps anyone can take to opt-out
of this terrible system:
Step #1: Use Physical
Gold and Silver
Step #2: Obtain Financial Sovereignty With Bitcoin
Step #3: Get Organized Locally
Step #4: Exchange Value for Value
Step #5: Become a Prepper
The economic trajectory
there's little any individual can practically do to change the
course of these trends in motion.
The best you can and
should do is to stay informed so that you can protect yourself in
the best way possible, and even profit from the situation.
That's precisely why author Doug Casey and his colleagues
just released an urgent new PDF report (Guide
to Surviving and Thriving During an Economic Collapse)
that explains what could come next and what you can do about it.