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Digital Currencies Pave Way for Deeply Negative Interest Rates

serfserf Member Posts: 9,217 ✭✭✭✭

If and when they get total control of your money digits, then anything goes?

serf

Digital Currencies Pave Way for Deeply Negative Interest Rates

https://www.wsj.com/articles/digital-currencies-pave-way-for-deeply-negative-interest-rates-11631091581

Central banks are making lots of effort to make sure that CBDC isn’t seen as a possible monetary-policy instrument,” says Benoît Coeuré, head of the Bank for International Settlements’ innovation hub and a former European Central Bank policy maker. “My take is that that discussion will come only later.”

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    mac10mac10 Member Posts: 2,580 ✭✭✭✭

    who will need a bank then

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    serfserf Member Posts: 9,217 ✭✭✭✭
    edited September 2021

    Right, conventional banks with offices or lobbies will be replaced with a mandatory smartphone and government controlled software for them. Lose your phone,don't worry, without fingerprints and 3 dimensional faces to recognize nothing will work.

    Papers? Who needs papers now.it's all electronic surveillance with biometric data for serious inquires. Everything will be backed up in computer clouds until you die. All hail the The NWO.

    serf

    https://www.dhs.gov/sites/default/files/FacialRecognition-TN_0508-508.pdf

    Three ­dimensional (3­D) * recognition uses the unique and variable structure of

    the face captured from multiple angles. Because the structure of a face is not affected

    by changes in lighting or pose, 3­D * recognition offers the potential to improve

    accuracy over 2­D systems. As a result, 3­D technology allows for flexibility in

    image comparisons and greatly increases the probability of matching a subject to a

    photo from a database of images. * recognition with 2­D systems is more

    mature than 3­D systems, which are in their infancy. Development is continuing on

    both systems, improving them for the end user.

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