Finance and Economics
Richard Werner on CBDCs: Total Control or Financial Evolution?
Economist and professor Richard Werner has strongly criticized central bank digital currencies (CBDCs), calling them a tool for total control and a threat to financial freedom. According to him, the introduction of CBDCs will create a totalitarian system where the government can restrict citizens' spending, regulate their carbon footprint, and effectively monitor every financial transaction. Werner also emphasizes that this is the final stage of a long-term plan to expand the power of central banks, warning that society could be transformed into a social credit system.
