WHITHER CURRENCY?
The world is moving more towards digital transactions with a corresponding reduction in cash payments. Banks are encouraging people to go to on-line banking, and it is now common to pay for even small items digitally. I will of this brings more oversight and control by governments and corporations, with consequent further loss of privacy and autonomy of citizens. Cryptocurrency appeared to be the antidote, completely of the sight of authorities, however governments are trying to ban any cryptocurrency except for their own, citing the spurious reason that it is too complex for the ordinary citizen to understand. This is merely code for the government wanting total control over its citizens. This is a complete opposite of the foundation of democracy, in which the government is supposed to be there to serve the people rather than the other way around. The government responses to the Covid19 outbreak have tipped the balance of power away from the people to the authorities, which gained total control and brutally squashed any opposition to this. Sadly, people seem to accept this without a fight, ensuring that George Orwell’s nightmare scenario occurs sooner than later.