RFK Jr. and Trump both against dystopian 'programmable money', Crickets from Biden

CBDCs would give massive power to central planners

There is nothing coming from Biden because his allies are largely for centralization in general and are for centralization of human economic activity specifically. The US Democratic Party sadly has a now long history of trying to coerce everyday people through their transactions. Under Obama for instance we had Operation Chokepoint where perfectly legal businesses were targeted by the Treasury which jawboned (intimidated) banks into ending relationships with gun manufactures and other “unseemly” types of businesses, which again were totally legal. And this was without programable money.

Central Bank Digital Currencies would greatly empower the economic busybodies. They would completely change how humans interact with each other in many respects. CBDCs would centralize the economy in the hands of the Federal Reserve (and other global central banks) at the most minute level. Every purchase, every economic blip, would be housed on the blockchain and overseen by central bank Artificial Intelligence. Gone is any anonymity. Gone is any dignity in the marketplace. Your economic life would be under constant surveillance. With CBDCs you are a subject, not a citizen. And subjects do what they are told by central authorities or else.

Earlier this month we wrote a piece explaining the nature of the CBDC threat which can be read HERE.

In a CBDC regime anonymity in transactions will be over. Your transactions will be visible to the Federal Reserve (and who knows who else) instantly and recorded in a digital ledger called the blockchain. The Federal Reserve will have access to every transaction in the economy in real time.

Central bankers have expressed that they are interested in using AI programs with CBDCs to block certain transactions, which could be for anything. For instance imagine a time of crisis when the government determines that we should all remain in our houses or in our immediate neighborhoods. (Not that this would ever happen. Ahem.) Under a CBDC system our central bank could make it so our money was useless outside of a specific area. Go too far from your designated shelter-in-place spot, and guess what? You can’t buy anything and your attempted transaction is then relayed to the Artificial Intelligence entity that is enforcing this “geofence”.

That both Mr. Kennedy and Mr. Trump have come out against CBDCs is extremely important. Central Bank Digital Currencies are one of the most important issues of the 2024 race.