CBDC: The Ultimate Tool for Tyranny
As central bank digital currencies roll out faster, do Americans understand the level of control they will have given up?
“If some Congress members get their way, the Federal Reserve may soon be able to track many of your purchases in real time and share that information with government agencies. This is just one of the problems with the proposed ‘digital dollar’ or ‘fedcoin.’…”
“Fedcoin could threaten private cryptocurrencies, increase inflation, and give government new powers over our financial transactions. Fedcoin will also speed up destruction of the fiat money system. Whatever gain fedcoin may bring to average Americans will come at terrible cost to liberty and prosperity.”—Ron Paul
What Paul was referring to in 2020 is what is now known as central bank digital currencies (CBDC).
I wrote a few days ago about how quickly CBDCs are advancing, and its advancing with almost no pushback from the public.
Sure, the government is going to give you a strong sales pitch that it’s about security and protecting you from bad actors. And because we have such a dumbed down public, including pacified conservatives who still do not grasp how evil their government is, they are incapable of understanding that the government is the biggest bad actor of them all.
But why are CBDCs so bad?
Gone would be the days of giving cash as gifts, side gigs, selling secondhand goods, tips and teaching kids the value of money, writes Daisy Luther. Although, those are just some of the minor changes as Luther goes further for The Organic Prepper:
“Cash would no longer be legal tender; therefore, you could not make purchases with it, pay bills with it, or spend it in any way. You would not be able to deposit cash into your bank account so you wouldn’t be able to accept cash for an exchange of goods or services….”
“All that money we’ve stashed away over the years would have to go into the coffers and we’d lose a certain amount of control.”
“It’s all well and good when times are okay, but what happens when there’s a Cyprus-style event and the government decides a bail-in is in order? If you don’t recall, back in 2013, billions of dollars were seized from depositors to protect the small country’s banking system. This was done to make good on an $11.6 billion dollar debt owed to creditors outside the country.”
“If you think that sounds far-fetched – like something that could ‘never happen here,’ it’s incredibly important to note that we already have language that allows for bail-ins here in the United States. After the bailouts for the economic crisis of 2008, Congress passed the Dodd-Frank Wall Street Reform and Consumer Act of January 2010, which prohibits government bailouts but allows bail-ins. So, yes, the money in your account could indeed be used to save a floundering bank.”
“Not only that, but think about the outrageous phenomenon of civil asset forfeiture. If you aren’t familiar with it, that means that an entity can seize your property or money even when you have not been convicted of a crime. Civil asset forfeiture provides billions of dollars to the US Government and local police departments every single year. Imagine how much easier that would be if your wealth was all in one place.”
“And let me take it just one step further before I take off the tinfoil – think about how many websites, YouTube channels, and social media accounts have been purged and demonetized over the past few years. Is it that much of a stretch of the imagination that this could be taken a step further? That perhaps unpopular opinions could be fined and money immediately be withdrawn from the accounts of those who dissent with the status quo?”
“Maybe I’m just another paranoid conspiracy theorist. But are you actually paranoid when ‘they’ are really out to control you?”
Very simply put, CBDCs mean you lose control and the government gains it. Your ability to buy and sell goods and services will depend on your willingness to go along with the government’s agenda.
Josh Stylman wrote for the Brownstone Institute:
“From my vantage point, it’s impossible to overstate the risk presented by CBDC. Whether it’s a utopian vision based on good intentions or a sinister plot to crush our sovereignty, the result may be the same: control. A Central Bank Digital Currency has all the downsides of fiat money, plus the added layers of surveillance and programmability overseen by the state.”
“So many people on Team Reality have likely felt like dissidents over the last few years simply for challenging anything beyond the herd mentality. Asking questions or speaking against the narrative about topics including the likely origins of the covid virus, usefulness of PCR, risk to most of the population, benefits of early treatment, advantages of natural immunity, safety and efficacy of vaccines, pros and cons of masks/lockdowns, and the utility of vax passports created an environment where people were stigmatized, alienated or outright censored. Imagine a monetary system with features baked in to socially engineer how we live.”
This puts total control of your health into the government’s hands, your energy, your food, your savings, your speech.
Think about what else is being pushed right now along with the CBDCs. We’ve got universal “vaccine” passport plans that are uniting all the Western nations as the government forces their people to submit to medical experimentation, and we have a World Bank creating global “pandemic” funds to help nations fund their tyranny. The G20 recently signed on for “vaccine” passports for international travel declaring:
“We acknowledge the importance of shared technical standards and verification methods, under the framework of the IHR (2005), to facilitate seamless international travel, interoperability, and recognizing digital solutions and non-digital solutions, including proof of vaccinations.”
“We support continued international dialogue and collaboration on the establishment of trusted global digital health networks as part of the efforts to strengthen prevention and response to future pandemics, that should capitalize and build on the success of the existing standards and digital COVID-19 certificates.”
We have China’s new social credit system law which the Biden regime has also signed onto as Sam Fradis wrote:
“Joe Biden recently attended the G20 summit in Indonesia. At that meeting, acting as President of the United States, he signed an agreement that… pledges U.S. support for the development and implementation of a digital vaccine passport. What that means is that Biden, without any authorization from Congress, has in effect entered us into a treaty under which American citizens will ultimately not be able to travel anywhere without being able to show via some electronic system that they have had vaccines mandated by the government….”
“One day you will be required to show proof of vaccination status in order to board a plane to Paris. The next you will be required to provide the same information to board a plane to Dallas or to apply for unemployment or to submit a job application.”
“Then additional features will be rolled out. Perhaps a system of scoring individuals on the model of credit scores will be established. The same government that already collaborates with Big Tech to silence its critics will use identical mechanisms to grade your level of conformity. In this world ‘election deniers’ and ‘conspiracy theorists’ won’t be able to get work, rent an apartment or buy a car. They will be ostracized, punished, and ultimately perhaps ‘reeducated.’”
“All of this would once have been the stuff of dystopian science fiction. No more. We have just passed through a period in which without any significant action of any legislature American schools were shuttered, businesses were destroyed and churches were ordered closed. All of that happened because unelected bureaucrats and tyrannical executives decided it should.”
“Imagine how much more efficient the next ‘emergency’ could be with digital passports in place. You may not have to simply imagine much longer. Biden just took the first step toward adopting a Chinese social credit system right here at home.”
Consider this, all of these things are bad on their own. But if we still have cash, you still have some control to avoid it. But when you give up control of your currency, it effectively makes you powerless to stop it.
The thing is, we’re head full throttle towards a one world government tyranny. We already live under authoritarianism right now. But if you think it can’t get worse, then buckle up when the CBDC becomes reality.
Essentially, the CBDC is the most powerful tool for the cancel culture. The cancel culture is already way too powerful. It will only get more power with CBDCs. John Whitehead wrote:
“There will come a time in the not-so-distant future when the very act of thinking for ourselves is not just outlawed but unthinkable.”
“We are being shunted down the road to that dystopian future right now, propelled along by politically correct forces that, while they may have started out with the best of intentions, have fallen prey to the authoritarian siren song of the Nanny State, which has promised to save the populace from evils that only a select few are wise enough to recognize as such.”
“As a result, we are being infantilized ad nauseum, dictated to incessantly, and forcefully insulated from ‘dangerous’ sights and sounds and ideas that we are supposedly too fragile, too vulnerable, too susceptible, or too ignorant to be exposed to without protection from the so-called elite.”
“Having concluded that ‘we the people’ cannot be trusted to think for ourselves, the powers-that-be have taken it upon themselves to re-order our world into one in which they do the thinking for us, and all we have to do is fall is line.”
“Those who do not fall in line with this government-sanctioned group think—who resist, who dare to think for themselves, who dare to adopt views that are different, or possibly wrong or hateful—are branded as extremists, belligerents, and deplorables, and shunned, censored and silenced.”