tomder55
Dec 5, 2024, 06:11 AM
It's coming . I suspect this will be established by EO as Joe walks out the door. In the guise of protecting us from the digital currency market ;he wants the US to establish it's own central bank bitcoin.
His signing of EO 14067 in 2022 to iron out the details; and place “the highest urgency on research and development efforts into the potential design and deployment options of a United States CBDC.”
FACT SHEET: President Biden to Sign Executive Order on Ensuring Responsible Development of Digital Assets | The White House (https://www.whitehouse.gov/briefing-room/statements-releases/2022/03/09/fact-sheet-president-biden-to-sign-executive-order-on-ensuring-responsible-innovation-in-digital-assets/)
This is opposed by Trump .
(2) Trump War Room on X: "President Trump: "Tonight, I am also making another promise to protect Americans from government tyranny. As your president, I will never allow the creation of a Central Bank Digital Currency." https://t.co/pg2z5M1VkO" / X (https://x.com/TrumpWarRoom/status/1747817301359866232?s=20)
His sentiment was echoed by Vivek Ramaswamy ;RFK Jr ;and Ron DeSantis.
The elimination of currency the government can't control is a goal of every authoritarian state. Just imagine a scenario where the government has eyes on every financial transaction made. Goodby privacy . The government could easily use it as a political tool . They already have the means to freeze assets. With a CBDC all it would take is the click of a mouse.
CATO Institute details the risks to freedom.
The Risks of CBDCs | Cato Institute (https://www.cato.org/visual-feature/risks-of-cbdcs)
Even without this ,central banks around the world are itching to control cryptocurrencies . If they are adopted as the national currency then all bets are off.
His signing of EO 14067 in 2022 to iron out the details; and place “the highest urgency on research and development efforts into the potential design and deployment options of a United States CBDC.”
FACT SHEET: President Biden to Sign Executive Order on Ensuring Responsible Development of Digital Assets | The White House (https://www.whitehouse.gov/briefing-room/statements-releases/2022/03/09/fact-sheet-president-biden-to-sign-executive-order-on-ensuring-responsible-innovation-in-digital-assets/)
This is opposed by Trump .
(2) Trump War Room on X: "President Trump: "Tonight, I am also making another promise to protect Americans from government tyranny. As your president, I will never allow the creation of a Central Bank Digital Currency." https://t.co/pg2z5M1VkO" / X (https://x.com/TrumpWarRoom/status/1747817301359866232?s=20)
His sentiment was echoed by Vivek Ramaswamy ;RFK Jr ;and Ron DeSantis.
The elimination of currency the government can't control is a goal of every authoritarian state. Just imagine a scenario where the government has eyes on every financial transaction made. Goodby privacy . The government could easily use it as a political tool . They already have the means to freeze assets. With a CBDC all it would take is the click of a mouse.
CATO Institute details the risks to freedom.
The Risks of CBDCs | Cato Institute (https://www.cato.org/visual-feature/risks-of-cbdcs)
Even without this ,central banks around the world are itching to control cryptocurrencies . If they are adopted as the national currency then all bets are off.