Central Bank Digital Currency Carry Enormous Risks
De-Banking Should Sound the Alarm | Cancellation of bank accounts belonging to customers who do not hold corporate-sanctioned views is a sign we’re on the road to Orwell’s dystopian nightmare. Coutts cancelling Nigel Farage’s bank account for holding unfashionable views should be a wake-up call for us all – it is just the tip of the iceberg. This politically motivated cancellation born out of “woke capitalism” is alarmingly widespread. You don’t have to agree with Farage’s politics to agree with him that something has gone terribly wrong in the institutions. Banks de-banking customers for their views is also a forewarning of the totalitarian regime that will be ushered in if central bank digital currencies (“CBDCs”) become the sole form of “currency” to buy and sell.