The Biden regime is pulling what the Obama administration did, abandon our allies and weaken our stance abroad while cracking down on the rights of the citizenry at home.
To the north and to the south of our borders, governments are proposing something that is now being discussed in our own halls of power— a new digital central bank currency.
If Biden and his cronies follow through with this, it could eliminate financial privacy for every American.
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According to our friend Remso in a recent article published at The Political Insider:
Conversations regarding the creation of Central Bank Digital Currency (CBDC) used to be confined to monetary policy aficionados and cryptocurrency prophets, but over the past year, this concept of a centralized digital currency issued and controlled by central banks has picked up steam across the African continent, China, the United States and now Mexico…
Vice President and Director of the Cato Institute’s Center for Monetary and Financial Alternatives, Norbert Michel, echoes the view that the creation of a CBDC would be detrimental to individual liberty.
According to a recently published op-ed in Forbes, Michel states that with a CBDC there essentially would be no limit to the extent of government control over the financial transitions of the citizenry if they were forced to use only one, centralized, digital form of money.
“A CBDC” Michel claims, “would give federal officials full control over the money going into–and coming out of–every person’s account.”
Is this the end of financial freedom if we end up adopting a digital currency here in the United States?
Let me know in the comments.
Your humble servant,
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