A newly released survey courtesy of the Cato Institute reveals that over 7 out of every 10 Americans are unfamiliar with what a central bank digital currency (CBDC), and yet a sizeable chunk claim they would accept one if issued, depending on the reason.

The WinePress acknowledged this survey but did not cover these specific datapoints in a June 7th report, which examined the large number of Gen-Z’ers who say they are fine with “Big Brother” and the government openly spying and surveilling their living space.

The survey asked 2,000 Americans series of 40 questions related to CBDCs and surveillance, and the results found that most Americans, like most things, are unaware of what a CBDC actually is and how it would impact their lives.

48% of the respondents stated that “they never heard” of CBDCs and 24% replied they are “not very familiar” when asked if they knew anything about the concept of digital currencies issued by a central bank, bringing the total to 72%.

Courtesy: Cato Institute, CBDC Survey 2023, page 2 of 8.

Moreover, the majority of participants answered they “neither support nor oppose/ don’t know” if they would support the Federal Reserve’s plan to introduce a digital dollar, at 49%. But Cato’s headline per its press release highlighted that only 16% would give “total support.”

As a matter of fact, the support for a CBDC increases if the virtual currencies helped to better facilitate certain transactions and payments.

40% say they would support the Federal Reserve if “government could ensure welfare payments were spent on their intended purpose, such as to buy food;” 42% of the people say if “it reduced the risk of money laundering and fraud;” and 32% support a digital currency if “it helps the Federal Reserve combat economic recessions.”

On the flipside, respondents reacted negatively when they were asked if things like cash were outright eliminated or if they perception of personal liberty was taken away.

  • 74% of those surveyed answered that they “oppose” a CBDC if it means that the “government could control what people spend their money on and when”;
  • 68% of the respondents are against a digital currency if it leads to “the government abolishing all U.S. cash, so no one could use dollar bills”;
  • 64% would oppose if a CBDC would allow the government to “charge a tax on those who don’t spend money during recessions”;
  • 59% are against the new technology if it gives the government power to “freeze the digital bank accounts of political protesters”.

Learn about a CBDC below:


AUTHOR COMMENTARY

My people are destroyed for lack of knowledge: because thou hast rejected knowledge, I will also reject thee, that thou shalt be no priest to me: seeing thou hast forgotten the law of thy God, I will also forget thy children.

Hosea 4:6

Unsurprisingly, in typical American ignorance and arrogance, the masses are totally in the dark, but would more readily accept one if they was free money attached or the perceived benefits that it would help the economy.

Interestingly enough, though the data is conflated, this 72% of the unsure and unfamiliar camps seem to run parrel to the number of people who voluntarily got vaccinated within the last few years.

As far as I am concerned, the unenlightened are the same people who will accept this CBDC when the time is right and are made desperate, and if a bit threatening from the government is deployed.


[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).

The WinePress needs your support! If God has laid it on your heart to want to contribute, please prayerfully consider donating to this ministry. If you cannot gift a monetary donation, then please donate your fervent prayers to keep this ministry going! Thank you and may God bless you.

CLICK HERE TO DONATE

132 Comments

  • I discovered your blog site on google and check a few of your early posts. Continue to keep up the very good operate. I just additional up your RSS feed to my MSN News Reader. Seeking forward to reading more from you later on!…

  • It’s the best time to make some plans for the future and it’s time to be happy. I have read this post and if I could I desire to suggest you few interesting things or tips. Maybe you can write next articles referring to this article. I desire to read even more things about it!

  • Hmm is anyone else encountering problems with the pictures on this blog loading? I’m trying to determine if its a problem on my end or if it’s the blog. Any responses would be greatly appreciated.

  • hey there and thanks to your information – I have definitely picked up anything new from right here. I did however expertise a few technical points using this web site, as I experienced to reload the website lots of instances prior to I may just get it to load properly. I were puzzling over in case your web hosting is OK? No longer that I’m complaining, however slow loading circumstances times will often impact your placement in google and can harm your quality score if ads and ***********|advertising|advertising|advertising and *********** with Adwords. Well I am adding this RSS to my email and can glance out for a lot more of your respective fascinating content. Ensure that you replace this once more very soon..

  • You could certainly see your expertise within the work you write. The sector hopes for even more passionate writers like you who are not afraid to say how they believe. At all times follow your heart. “Until you’ve lost your reputation, you never realize what a burden it was.” by Margaret Mitchell.

  • I really appreciate you for posting this interesting article. I love your blog. Thanks again for providing a space for me to comment on your website. I hope additional interesting updates from you soon.

  • It is truly a nice and helpful piece of info. I’m satisfied that you simply shared this helpful information with us. Please stay us up to date like this. Thanks for sharing.

  • obviously like your web site however you have to test the spelling on several of your posts. Many of them are rife with spelling problems and I in finding it very bothersome to tell the reality nevertheless I will definitely come again again.

  • I would like to voice my gratitude for your kind-heartedness in support of those people who absolutely need help on that issue. Your special dedication to getting the message all-around ended up being incredibly important and has consistently encouraged people just like me to reach their targets. Your own valuable useful information entails so much a person like me and much more to my mates. Warm regards; from all of us.

  • Thanks so much for sharing this great article. I love your website. Thanks again for letting me share my thoughts on your web page. I would love to see additional interesting updates from you in the future.

  • 순천출장마사지 타임케어 – 순천출장홈타이와 순천출장안마 순천홈타이 서비스를 전국 어디서나 24시간 편하게! 전문 마사지사의 맞춤 홈케어로 피로를 빠르게 해소

  • I am really enjoying the theme/design of your blog. Do you ever run into any web browser compatibility problems? A number of my blog readers have complained about my blog not operating correctly in Explorer but looks great in Chrome. Do you have any recommendations to help fix this issue?

  • 경기도 안양출장마사지 셀럽의 코스와 가격, 자택·호텔 방문 상담, 선입금 없는 예약 및 현장 결제 기준을 확인하세요. 방문 가능 여부와 예상 도착 시간은 주소와 당일 일정에 따라 안내합니다.

  • What i don’t realize is if truth be told how you are now not actually much more smartly-preferred than you might be now. You are very intelligent. You know thus significantly in relation to this subject, produced me personally imagine it from so many various angles. Its like men and women don’t seem to be fascinated except it’s something to accomplish with Woman gaga! Your personal stuffs excellent. Always care for it up!

  • An interesting discussion is worth comment. I think that you should write more on this topic, it might not be a taboo subject but generally people are not enough to speak on such topics. To the next. Cheers

  • Hmm it looks like your blog ate my first comment (it was super long) so I guess I’ll just sum it up what I submitted and say, I’m thoroughly enjoying your blog. I too am an aspiring blog blogger but I’m still new to everything. Do you have any points for beginner blog writers? I’d really appreciate it.

Leave a Comment