JUST IN: Rep. Tom Emmer introduces a bill to ban the Federal Reserve from creating a Central Bank Digital Currency.
"A CBDC is nothing more than a CCP-style surveillance tool that can be weaponized to oppress the American way of life."
Let me take a crack at this...
A CBDC is digital money that will come with all of the same harmful central bank inflationary policies, with enhanced surveillance and control. It will provide governments with unbridled power to censor and punish anyone without the "correct" political opinions. One of the most dangerous risks a CBDC would pose is it could remove the ability for citizens to transact freely, and so threaten our rights to life, liberty, and free speech.
Central banks want them because they are 1.) increasingly becoming irrelevant in a digital world where #Bitcoin and other private payment solutions exist, and 2.) CBDCs will give them a more granular tool to control how market participants behave and spend in the economy, just as the fiat debt Ponzi they helped create wobbles on its last leg.
FedNow is live touting fast and convenient payments for consumers and businesses. What isn't mentioned is how the tech lays the groundwork for increased financial surveillance 🚫🏦
https://t.co/Aj6despD4A
93% of central banks are engaged in some form of #CBDC work.
More than half of central banks are conducting concrete experiments or working on a CBDC pilot.
It's never been more important to study #Bitcoin and protect yourself.
Central bank CBDC surveys are a psyop. Filling out their “survey” means you’re legitimizing and accepting their authority. If anything it should be a referendum on whether or not Central banks can expand their ability to control and surveil.
Central Bank Digital Currency will be
programmable… ultimately giving the issuer control over *how it is spent by the recipient*… your freedom to purchase fuel, meat, flights, fertilizers will be limited to a carbon credit score.
If you really want to know what’s going on, you only need to know this. There is an all out war against the financial sector, regional banks and crypto alike. The recent actions are a show of force to impel compliance. It’s no accident that the new CBDC paper dropped today.