Digital IDs and CBDCs: How to Escape the Trap

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Summary of this video:

💳 Be cautious of a future where everything, including money and personal information, is digitalized, controlled, and tracked, with the aim of eliminating cash.

🌐 The move towards digital IDs and biometrics, while convenient, may lead to a future where personal information can be used against individuals.

🌍 Explore countries globally using a Central Bank Digital Currency (CBDC) tracker to understand their stance on digital currencies and biometric control.

🇲🇽 Mexico, with its cash-heavy society, is seen as a relatively free country that may resist the push towards CBDCs in the next decade.

🌍 Eastern European countries like Serbia and Montenegro are less inclined towards digital IDs and CBDCs, valuing freedom and resisting government control.

🇩🇪 Germany is more inclined towards CBDCs compared to Spain, emphasizing the varying speeds at which European countries are adopting digital currencies.

🇦🇪 The UAE, while offering financial advantages, is moving towards more biometric control, impacting its desirability in the context of CBDCs.

🇹🇭 Thailand, a popular destination, has launched a CBDC pilot, urging caution for foreigners as the country moves towards more control and biometric tracking.

🌍 Consider countries in Africa and South America that are not rapidly adopting CBDCs or implementing extensive biometric controls for potential residency options.

DISCLAIMER: This video is not tax and/or financial advice. Any information or advice I give is purely based on my own experience and research. I am not a tax professional and/or lawyer and/or accountant so I am not liable for any steps you take to lower your taxes. I'm not a financial advisor nor do I pretend to be. Always do your own research.