Over 100 of the world's governments are planning to push central bank digital currencies (CBDCs) and the collapse of Silicon Valley Bank as well as the turmoil with other banks may have given them the perfect opportunity to introduce this all encompassing “Big Brother” surveillance tech.

Living up to their motto of “never let a crisis go to waste”, the increased fear of bank runs and the growing calls for more government controls to prevent another Silicon Valley Bank-style event has created the ideal opportunity for governments to ride in and rescue us with CBDCs as the solution.

Just like “15 days to flatten the curve” get ready for the big con’s by big government of the ways that CBDCs are going to make the world a better place:

Big Con #1: CBDCs will protect you from social media bank runs
Governments are likely to seize upon and amplify these fears of social media bank runs as they push new regulations and proposals in the wake of the Silicon Valley Bank collapse. And they're likely to position CBDCs as the solution.

Be on the lookout for suggestions from officials that CBDCs are “safe” and immune to social media bank runs. While such promises may soothe citizens' fear of bank runs, this fear will be replaced with something far worse for those that embrace CBDCs — programmable money that allows the government to dictate when, where, or if citizens can spend their money.

Big Con#2: CBDCs will provide financial stability.

Get ready for governments to capitalize on the fear of financial instability and use this narrative to push new rules and regulations that will supposedly provide financial stability. They'll likely blame banks for creating financial blowups, insist that governments need more control over the financial system, and present CBDCs as the tool that will bring financial stability.

Those that fall for this fantasy will be locked into a system that's anything but stable. Instead of bringing financial stability, CBDCs will force citizens into a constant state of financial uncertainty where they never know when the rules about how they can spend their money will change or how significant the changes will be.

Big Con#3: CBDCs should be used for customer deposit protection

Many governments have already cited making direct payments to citizens as one of the main use cases for a CBDC. If more banks fail, expect governments to start increasingly focusing on CBDCs as a solution for affected customers.

Be on the lookout for governments urging citizens to download CBDC wallet apps during times of financial uncertainty. They'll likely assert that this is a more streamlined or efficient way for customers to have instant access to their deposits in the event of bank failures.

While CBDCs may provide some short-term convenience during financially turbulent times, citizens that choose CBDCs will be sacrificing their freedom and privacy long-term. Once they've been ushered into this system, they'll lose their ability to transact anonymously and only be allowed to spend their CBDCs on government-approved purchases.

During the last major crisis, the Covid pandemic, governments leveraged uncertainty and fear of the virus to push dystopian surveillance tech such as contact tracing, vaccine passports, and digital ID. Expect them to use the same playbook when pushing CBDCs.

Governments are likely to use talking points that tap into people's fear of losing money during times of economic turbulence and use false promises of safety and stability to lure citizens into a CBDC system.

Don't be fooled. Governments have already made it clear that they plan to strip users of their financial freedom and privacy by imposing CBDC spending limits and controls and removing anonymity.

Don’t fall for the con, remember these are the same folks that brought you “social distancing, mandates, masking and did unprecedented damage to the economic and social fabric of nations worldwide, there’s only one thing you need to tell them when it comes to CBDCs, NO!