President Trump just declared war on the creation of a central bank digital currency. He’s not the only one. We are going to see the growing revolt against the idea of CBDCs and why it does indeed look as if their tyrannical schemes are about to be consigned to the ash heap of history!
Good Morning X-Land.
Music to my ears.
Trump promises NO Central Bank Digital Currency (CBDC) pic.twitter.com/pzcLjgZthd— SweetPeaBelle (@SweetPeaBell326) January 18, 2024
– President Trump announced in New Hampshire that, if re-elected, he will prevent the use of a Central Bank Digital Currency (CBDC) in the U.S., citing concerns about government control over citizens’ money.
– Vivek Ramaswamy’s endorsement of Trump may have influenced this policy stance against CBDCs.
– CBDCs are viewed by critics as a currency apparatus for a totalitarian social credit system, leading to a backlash against these globalist technocratic efforts.
President Trump speaking in New Hampshire announced that he, as president, will never allow the use of a central bank digital currency in the United States because it would give the government absolute control over your money. What is so interesting here is that it appears that Trump’s opposition to CBDCs has been influenced by Vivek Ramaswamy who of course has endorsed President Trump. Before Trump made that announcement, here’s what Vivek said about what he and Trump discussed:
If Trump is president again and @VivekGRamaswamy can persuade him to prevent CBDC he will be a genuine American hero. pic.twitter.com/WaAu2hF6nk
— Dave Smith (@ComicDaveSmith) January 17, 2024
Perhaps we’re seeing a little Vivek influence in Trump’s policies, which, at least when it comes to CBDCs, is a very good thing. Central bank digital currencies are simply the digitization of money. They are similar to cryptocurrencies but they are issued by the central bank and tied to the country’s fiat currency, which for us, of course, is the dollar. The key here is that with CBDCs, all of your purchasing would be done digitally, and thus those in power would have instant access to every cent of your spending data, as well as income.
The reason why Trump and many others are steadfastly opposed to CBDCs is because of another set of letters: ESG. We have been talking a lot this week about ESG with the WEF meeting for the World Economic Forum. ESG stands for environmental, social, and governance criteria, and it refers to scores that corporations get about those three areas. These scores are used by investors to show they are investing in companies that are all in on green energy and equity initiatives and DEI policies imposed on their employees. Many have noticed that the ESG scores are eerily similar to China’s social credit system, which deliberately seeks to control and influence human behavior to supposedly ‘maximize’ safety and sustainability.
What we have to understand here is that we are living in an age of technocracy. This grew out of the Industrial Revolution and enthroned a class of so-called experts who supposedly alone have the competency to run a highly technical industrialized world. What we have to understand is that technocrats by their nature control. That’s what technology does, after all. Technology controls your electricity, heat, access to information, travel, and health. Technocrats control the technology.
The social credit system is a technocratic project that seeks to control human behavior to ‘maximize’ safety and sustainability, particularly ecological sustainability. This is precisely where CBDCs come in. The World Economic Forum, which is meeting this week, is currently collaborating on plans to institute digital currencies around the world to be able to not just track but ultimately control the purchasing patterns of consumers. The good news is that Trump’s declaration of war on CBDCs already has the Republican House behind him.
In September, the House Financial Services Committee passed a bill that officially bans the Federal Reserve from creating a Central Bank Digital Currency, or CBDC. The bill was in response to the Biden administration’s rapidly developing a CBDC. It started with a sweeping executive order from Biden. Now central banks are even hiring for their development. The legislation would block the Fed from issuing a CBDC directly to individuals “ensuring the Fed cannot mobilize itself into a retail bank able to collect personal financial data on Americans.” It also blocks the Fed from indirectly issuing a CBDC to individuals through an intermediary.
Additionally, the bill prevents the central bank from using any CBDC to implement monetary policy. Republicans aren’t alone in this. Even Democrats and former Democrats are coming out against CBDCs for the very reasons that Trump is. In April, Bobby Kennedy Jr. came out explicitly opposed to CBDCs, saying, ‘CBDCs grease the slippery slope to financial slavery and political tyranny. While cash transactions are anonymous, a #CBDC will allow the government to surveil all our private financial affairs. The central bank will have the power to enforce dollar limits on our transactions restricting where you can send money, where you can spend it, and when money expires. A CBDC tied to digital ID and social credit score will allow the government to freeze your assets or limit your spending to approved vendors if you fail to comply with arbitrary diktats, i.e. vaccine mandates.’
We are seeing, as it were, bipartisan opposition to CBDCs, and everyone, regardless of their political affiliation, is seeing the same thing. They are seeing CBDCs as the currency apparatus of a totalitarian social credit system. The good news is that there’s a major backlash against these totalitarian efforts, and by God’s grace, that backlash will consign the pipedreams of these globalist technocrats to the ash heap of history!
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