What they want to do with the central bank digital currency, part of it is they want to displace all cryptocurrency because they can't control that. So they want to get rid of that. They want to move to a cashless society, which would basically mean the Federal Reserve, Treasury Department would have supervisory jurisdiction over all of your transactions. And so they would know what you're doing. And I think when you see that from a privacy perspective, very, very concerning. (36:22–36:33)
CLAIM
Asserts that a cashless society would give the Federal Reserve and Treasury Department control over all transactions.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
