For example: in Canada, the bank accounts of those who protested were literally frozen (for simply speaking out or being critical) and talks of potential CBDCs (aka. used to deduct funds from one’s account as a fine) whilst considering on abolishing cash altogether.
The alternative (for now at least) may be Crypto (online) until they consider that “illegal” in the future penalizing those who are using it, framing that as money laundering or tax evasion, whilst pushing their propaganda of “tap & go is safe & convenient”.
The answers are divided between:
- “Cash is King” (it allows anonymous or “private” transactions between you and the merchant)
- “Contactless” (convenient, but your purchases & transactions are monitored by the state)
Cash is apparently the last bastion of “anonymous” transactions where it doesn’t appear on one’s statement and one gets to keep their money without the state deducting it from their account since a nation’s central bank has monopoly over CBDCs and one’s funds.
That’s not even the end of it: them trying to make BTC or equivalent illegal by making CBDCs the default replacing gold overnight, it would mean all those bills you have are worthless. At this point, the only payment method is CBDCs that are linked to one’s digital ID.
wasn’t nixon also a president in the fallout universe? would he too not divest from the gold standard in universe?
I’m not saying the dollar was/wasn’t backed by gold in fallout. That was the case in real life up until they separated them at some point. I’m just saying that’s how caps work in the fallout universe. Their value is based on a specific amount of water you can trade them for.
I’m not crazy brushed up on my fallout lore but I know that the general timeline is the exact same as the real world but the fallout universe splits when (in real life) the microchip was invented, instead of that (in the fallout universe) they focused on atomic nuclear energy instead of making computers smaller. I think it’s generally the same even after as far as presidents go, there are mentions of Lincoln, Ulysses S. Grant, etc. but it might be similar to the Elvis case in universe where there’s not much information left on these people so it’s hard to learn about and the average person in the wasteland probably barley understands what a president is