OFF GRID WEALTH MANAGEMENT: THE DIGITAL FRONTIER

WHICH COUNTRIES ARE WORKING ON A DIGITAL CURRENCY

One hundred and fourteen countries are exploring digital currencies, and their collective economies represent more than 95% of the world’s GDP, according to the Atlantic Council’s Central Bank Digital Currency tracker. Some countries, including China, India, Nigeria and the Bahamas, have already rolled out digital currencies. Others like Sweden, Japan are preparing for possible rollouts.

LOSS OF PRIVACY WITH CENTRAL BANK DIGITAL CURRENCY

Once the U.S. dollars is converted to a digital currency all of your wealth, stocks, bonds. mutual funds and real estate will be pegged to the digital platform. Every transaction will be recorded on a ledger. You are on the grid and fully exposed to government surveillance. All financial privacy will be lost. Some believe a social credit score is also on the horizon. Hopefully your carbon footprint won’t be out of line with the federal governments regulations.

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