Kristi Noem was on Tucker Carlson with a warning. There’s been a lot of chatter about virtual money, digital dollars, the end of cash, and all of that, so states are looking at legislation to update the banking rules.
Bills by banking lobbyists that need to be carefully reviewed, according to South Dakota Governor Kristie Noem.
[T]he South Dakota legislature passed a bill redefining currency and creating rules for a Central Bank Digital Currency (CBDC) that would block all other digital currencies from being used in the state. Governor Noem vetoed the bill.
When asked why her legislature would do this, Noem responded the state politicians likely did not read the bill as it was constructed by lobbyists.
As Tucker notes below, Central Bank Digital Currency (CBDC) is not a currency but software. It allows the government or controlling interest to define every aspect of the availability and use of money. It’s digital, so it’s there or not with the touch of a key.
Given the historical arc of government control, the rise of and the CCPs social credit scores, they can track everything you do, and it’s conceivable that you’ll only be able to spend it where and when they say.
They won’t have to track your commercial carbon footprint. They can control it.
A complete and total loss of privacy. Short of engaging in barter – which I’m sure they’d quickly find ways to regulate or ban outright – the government can see everything you earn, how and where you spent it, and on what.
Anyone who says ‘sure, but what’s the big deal’ is in on it (carriers of the blue water) or a complete idiot, fool, imbecile, blockhead, cretin, dolt simpleton, and dummy, exactly what Democrat Socialism needs to survive and thrive.
Imagine that government knows everything to which you donate and every digital dollar you spend to support their opposition. One mob at your door later, and the message is sent.
As noted in the pull quote, Noem saw it coming and gave it the necessary veto, but as she explains in the clip, 20 other states are looking at doing exactly what she just prevented. Their banks and lobbyists are pushing for it there, no doubt as well. All to build a foundation for a federal invasion of privacy and a totalitarian level of control over personal spending.
I don’t know if your state is one of them, but New Hampshire Republicans, with their thin majority, offered a fledgling effort to run in the opposite direction. House Bill 225 was AN ACT relative to prohibiting the use of currency that could be detrimental to privacy rights. Just what Doctor Freedom offered, but the legislation has floundered over a fear of unexpected consequences (side effects).
The bill was rewritten to address concerns (I don’t have that version), but it is still in limbo. One member of the NH House with some inside knowledge told me that “there was considerable resistance by committee Democrats to the bill, and certain… libertarians/ crypto enthusiasts came out against on the grounds that any regulation on choice (even for a tyrannical currency) is too much.”
Anarchist wing of the Libertarians, who, no doubt, oppose all of it. As for the Democrats, they are either in on it (carriers of the blue water) or complete idiots, fools, imbeciles, blockheads, cretins, dolts, simpletons, and dummies.
Convenience is great, but it should be a choice. I use credit cards understanding that I am risking my privacy when I do, but that’s my choice. I still use cash for things, but I have no issue with anyone choosing the digital lane as long as they can choose not to use it. Privacy is still a right. In New Hampshire, it is a Constitutional right, but with a meaning untested. A mysterious cloud the judiciary has yet to illuminate with some awful opinion doing business as precedent.
HB225 in any form might not be needed, but then why would we need bills to protect our speech from the government? And yet we do.
Here’s Gov Noem on Tucker Carlson Tonight.
