Biden paves the way for cashless tyranny.

https://www.nbcnews.com/tech/crypto/us-government-digital-currency-rcna19248

This nugget stands out to me.

“If the cash is electronic, the government can just erase 2 percent of your money every year,” Yermack said. “I think this is going to become a necessity just because of the demographic changes in the world.”

Bordo also pointed to negative rates as an important feature of digital currencies.

“​​I think it’s something that could be a game changer for the Fed,” he said.”

They’re not even trying to hide it’s just to hurt you.  The Elites hate you and want you to suffer.  We’ve already seen the gross abuses of this in China with their social credit system and other manipulations.  The good news is, we have a way to resist this should we ever reach this point.  I’ll quote a comment I found on a Youtube video about this.

I tell you why this will not come to pass:
Experience with the real socialist East before the fall of the Soviet Union.

East-German Marks were worthless, ergo they just used West Marks for commodities they wanted in a black market situation. And it was also welcome for the regime because it was real currency.

Or before that: Rationcards after the wars. Just lead to black markets.

Either the powers to be have to use the “barring” of people so spareingly that they can’t stop the opposition, or they use it so heavily that their cashless society will be circumvented by the black market as in the former Eastern bloc.

Nothing new, they just digitized the ration cards, which will be undermined by the black market.

In the end you have to control the commodities, currency in and of itself is worthless and can be very easily replaced.