Digital currency's silver lining

Precious metal could help spark a silent revolution

- by DARREN JAMES

FOR years, I have railed against usury, and the debt, both national and personal, which envelopes our lives.

Those uncomfortable in their own financial predicaments have sometimes stared back at me wondering when I'm going to stop talking.

People just can't get their heads around who or what is making their lives harder.

The blame is passed on: “It’s the immigrants, those benefit scroungers, the unions, unscrupulous bosses, the millionaires, the billionaires. It’s low productivity, long-winded supply chains, market forces, imports, the weather!”

And the solutions? “Work harder, dig deeper, tighten our belts, cut corners, invade more countries, borrow more, automate.”

Maybe if we all just complained harder then our rent, mortgage, food, fuel, and the price of Freddo bars would come down and return to their original size?

Well sorry folks, in the absence of a government willing to outlaw usury and truly nationalise the money supply (not just bailing out the odd troubled bank) it's not going to happen.

Not one major political party manifesto has any mention of the perils of usury. Less than a handful of underfunded minor parties present overhauling the monetary system as a key tenet of theirs.

But all is not lost. Let's look at an alternative in the here and now that will fix this imbalance, without making you feel that you're back at school studying double maths on a Friday afternoon.

If you are reading this, then the chances are that you are aware of the impending threat of the CBDC (Central Bank Digital Currency), and the total digitisation of our economy.

Gone will be the final three per cent of the money supply that the government of the day has the right to enter into the economy, debt-free.