A centrally controlled digital currency is a red flag to anyone devoted to privacy and individual liberty. ‘Grok friend Aaron Day ran for president as a platform to warn people about CBDC and the threat it represents to liberty.
Once your money can be monitored, controlled, and censored by the government, that ties into social credit systems, vaccine passports, and digital IDs. That is the plan.
Dr. Jonathan Newman described part of the problem that applies to CBDCs with distrust of banking in general.
Consider how the IRS recently pried open PayPal, Venmo, and Cash App accounts with transactions over $600. Consider also that the Supreme Court just ruled that the IRS can investigate your bank accounts without notification in some circumstances, including if you are a friend, family member, or associate of someone who owes the IRS.
Beyond taxes, banks also willingly hand over personal information (even without a warrant or formal request) to the FBI. This data, which includes previous firearm purchases, belongs to people who show up at the wrong protest or who were merely in the vicinity as the data is collected based on transactions within a specific geographic area.
World governments have proceeded with plans, some for decades, to institute a central bank digital currency, often under the false guise of removing barriers to financial inclusion. To bring the small percentage of poorer households into the world of organized banking, but according to Dr. Newman, “people avoid banks because they distrust banks, value privacy, and despise fees.”
The experts have continued delivering their rhetoric as part of the PR campaign to get the masses to swallow what they are selling, but Canada, surprisingly, just scrapped plans for a CBDC.
Officials from Canada’s central bank said that a digital currency, or electronic “loonie,” will no longer be considered after years of investigating bringing one to market.
“The Bank has undertaken significant research towards understanding the implications of a retail central bank digital currency, including exploring the implications of a digital dollar on the economy and financial system, and the technological approaches to providing a digital form of public money that is secure and accessible,” the bank said, according to the Canadian Broadcasting Corporation.
Instead of using resources to create a digital dollar, the central bank said it will instead look at evolving the “payment” processes in Canada.
What could make the central bank of tyrant Trudeau’s Canada bail on the idea? Canadians don’t want it, and it’s not even necessary, according to the bank. “an overwhelming majority of citizens want to “leave cash alone” and not proceed with a digital iteration of the national currency. … The bank concluded that the introduction of a digital currency would only be feasible if consumers demanded its release.”
If it were only that easy. Well, maybe it is. In Canada,
Prominent opponents of CBDCs have been strongly advocating that citizens use cash whenever possible and boycott businesses that do not accept cash payments as a means of slowing down the imposition of CBDCs.
You heard them. Do that!
