Trump Raises Concerns Over Government Control of Money with CBDCs
In a recent address to supporters in Portsmouth, New Hampshire, former President Donald Trump voiced his concerns about the potential government control over people’s money through Central Bank Digital Currencies (CBDCs). Trump described the idea of CBDCs as a dangerous threat to freedom and warned that it would give the government absolute control over individuals’ finances.
This warning comes at a time when Congressman Jim Jordan revealed that federal agencies have been flagging financial transactions containing politically sensitive words such as MAGA or Trump. Trump promised strong protections to prevent banks and regulators from discontinuing services based on political beliefs, reassuring his supporters that such actions would not happen under his presidency.
CBDCs have been promoted by globalists, including French Central Bank deputy governor Denis Beau, as a way to enhance cross-border payments and establish a new international monetary system. However, critics argue that CBDCs would essentially create a fake, digital monetary unit that is fully controlled by globalists and their AI-driven control grid, which they believe is one of the ultimate tools of oppression.
Even individuals within the private Federal Reserve central banking cartel, which controls the US money supply, have expressed their opposition to the implementation of CBDCs. Federal Reserve Governor Michelle Bowman, speaking at a Harvard Law School program last year, highlighted the potential risks to privacy and personal freedom posed by CBDCs. She emphasized the important role that money plays in our daily lives, stating that a CBDC could become an impediment to Americans’ freedom to choose how their money and resources are used and invested.
Another concern regarding CBDCs is that they could pave the way for a cashless society, rendering all transactions traceable on a public ledger or blockchain, eliminating privacy. Currently, individuals can still engage in private transactions using physical cash if they prefer.
Advocates for a cashless society argue that it would provide a safer, more convenient, and more secure alternative to physical cash. They also claim that it would help combat criminal activities associated with cash. However, critics argue that a cashless society would eliminate financial anonymity and give more control to private central banks like the Federal Reserve to manipulate monetary policies, including implementing negative interest rates.
Although the implementation of CBDCs seems to be on the horizon, with 130 countries exploring or developing them, critics continue to raise valid concerns about the potential threats to privacy and personal freedoms that these digital currencies pose. Overall, the debate surrounding CBDCs calls for a balanced examination of the benefits and risks associated with such a shift in the global financial landscape.
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