by Eldric Vero
February 23, 2025
The following CotD substack is based on the “Digital Canadian Dollar Public Consultation Report” (the Report) by the Bank of Canada released back in November 2023 (see link: https://www.bankofcanada.ca/wp-content/uploads/2023/11/Forum-Research-Digital-Canadian-Dollar-Consultation-Report.pdf ). The author of the CotD recommends reading this report as the survey reveals that the vast majority of survey respondents are opposed to a digital currency. The following Panels are snippets from the Report:
Panel 1
Panel 2
Panel 3
Panel 4
Panel 5
Panel 6
CotD author’s comment “Think of a digital currency as the equivalent of a coupon or food stamp with an expiry date…it is NOT money! Also, since digital means electrons, monetary inflation would essentially be limitless. Cui bono?”
Will a digital currency mirror the hyper-inflation path of Zimbabwe?
“Let me issue and control a nation’s money and I care not who writes the laws” Mayer Amschel Rothschild
