Beware The ‘Big Brother’ Digital Dollar That Will Take Your Freedom
Jonathan S. Tobin Visit on Twitter @jonathans_tobin
A Central Bank Digital Currency is high on the list of authoritarian nightmares that might happen in a second Biden administration.
It turns out there’s another concern about the growing power of the deep state that the corporate media don’t want you to think about. Florida is the most recent state to pass a bill banning the use of a Central Bank Digital Currency (CBDC). Louisiana, Alabama, Texas, and North Dakota are also considering the measure.
Why the concern about a form of digital currency that has yet to be issued?
Florida Gov. Ron DeSantis refers to the idea as a “wolf in wolf’s clothing.” Both DeSantis and insurgent Democratic presidential candidate Robert F. Kennedy Jr. have rightly raised the issue in the presidential campaign and have been smeared by the corporate press for deliberately “misconstruing” the clearly stated intentions of the Biden administration to move toward a federal digital currency. If you weren’t sure whether their worries are justified, the furious nature of the corporate media’s pushback against their criticism of this Democratic wish-list item is an indication that they are probably onto something. The idea has been peddled for years by the World Economic Forum (WEF) crowd.
The CBDC is only in the drawing board stage, but if you’re wondering what Democrats can do to advance their agenda of greater government control of every aspect of American life, as well as to stifle dissent if they win the 2024 election, this should be on your radar.
A D.C.-Controlled Digital Wallet
The threat is clear. Imagine an America in which almost all financial transactions are not only able to be monitored by Washington but administered by it via a government-run digital currency. Such a scheme would put the government’s hands even deeper into our pockets and make Treasury Department bureaucrats the masters of your digital wallets, giving them not just detailed information about your life but power over your ability to exist in the modern marketplace.
That would make it impossible for independent contractors and small businesses to conduct operations “off the books,” increasing government tax revenue. But it would also give the feds the ability to close the bank accounts of those it disfavors for political reasons and prevent them from conducting business of any kind. That’s something already experienced by Brexit promoter Nigel Farage and dissenters in Canada who backed trucker protests against authoritarian Covid rules.