Joe Biden is bringing down the hammer on American freedom.
He’s making Americans totally dependent on the federal government.
And his latest move will transform American society forever.
One of the key moves by the Chinese Communist Party to crack down on their society has been transitioning toward a “Central Bank Digital Currency.”
This is fundamentally different from Bitcoin and other cryptocurrencies. In fact, the “digital” aspect is the only similarity.
Bitcoin is a decentralized currency that is very difficult for central governments to control. It is a tool of the people, not of the state.
A “Central Bank Digital Currency,” on the other hand, is a tool of the state against the people.
Currencies, as it stands right now, are dispersed by private banks. Transactions, even on a credit card or debit card, do not go directly through the government.
“Central Bank Digital Currencies,” on the other hand, are directly tools of the state, and every transaction can be tracked by the central bank.
The Chinese Communist Party is using that as a tool of their social credit system. By controlling the currency, and every financial transaction, the Party has the power to block certain transactions, or put restrictions on people who are not behaving the way the Party desires.
In effect, it means that the government controls the entire financial system, top to bottom.
Now, Joe Biden is bringing that system to America, and the consequences for American liberty will be dire.
Biden has signed an executive order that begins the process of developing a Central Bank Digital Currency in the United States, which will be managed by the Federal Reserve.
The executive order reads, “My Administration places the highest urgency on research and development efforts into the potential design and deployment options of a United States CBDC (Central Bank Digital Currency).”
“My Administration sees merit in showcasing United States leadership and participation in international fora related to CBDC’s and in multi-country conversations and pilot projects involving CBDC’s”
“Within 180 days of the date of this order, the Secretary of the Treasury, in consultation with the Secretary of State, the Attorney General, the Secretary of Commerce, the Secretary of Homeland Security, the Director of the Office of Management and Budget, the Director of National Intelligence, and the heads of other relevant agencies, shall submit to the President a report of the future of money and payment systems.”
The problems with having a currency that is directly controlled and tracked by the Federal Reserve should be obvious. The Fed is a corrupt institution that serves a narrow set of corporate interests, at the expense of the American people.
But the chaos that has erupted globally, with the COVID pandemic and now the war in Ukraine, has given an opening to those in power to implement a radically authoritarian system like this.
American freedom is in dire risk, and it is getting worse by the day.
The people of this country need to stand up and demand that a Central Bank Digital Currency never come to America.
