Authoritarians within the federal government architecture have weaponized many government agencies against his political enemies.
Americans are now waking up to find out President Biden and the Federal Reserve are hatching a plot to track every dollar you spend.
And they’re counting on digital so-called crypto currencies to do it.
Crypto currency has been on a rollercoaster ride the last few years.
And it’s made for interesting bedfellows.
Outspoken leftists including Matt Damon have endorsed crypto.
And crypto currency sponsored international anarchist conventions in Mexico – which includes individuals on both the right and left-wing (see the Spanish Civil War).
One of the allures of crypto currency is that it’s difficult to trace.
Many owners like the fact that their transactions supposedly can’t be monitored by the government or law enforcement agencies.
Of course those features also apply to physical cash and precious metals like silver – in fact, the founders originally defined a dollar as a specific weight of just over 372 grains of silver in the 1792 Coinage Act.
The elites have never liked the privacy and control individuals have over their physical money.
Now the supposed privacy and convenience of digital crypto currencies – along with their volatility – have seemingly played right into the hands of a cabal of globalist elites at the World Economic Forum (WEF) and within the United States government.
It’s given them an opportunity to purge the world of physical cash.
And President Joe Biden is pushing for a new monetary system for the United States that has all the downsides of crypto currency without any of the advantages.
A new Fox News opinion piece by Justin Haskins, a New York Times bestselling author and director of Socialism Research at the Heartland Institute, is again shining a spotlight on the Biden administration and the Federal Reserve’s attempts to impose a digital currency on Americans that is easy for government to program, track and manipulate.
According to Haskins, the groundwork has already been laid.
As one of his 29 executive orders last year, in March, 2022, President Biden ushered in a program giving several federal agencies license to crackdown on digital assets and crypto currencies.
The same executive order also launched a study on a Central Bank Digital Currency (CBDC).
With the study completed, they released a report on a potential CBDC in September of last year.
At that point, Biden arranged regular meetings with the National Economic Council, National Security Council, Office of Science and Technology Policy and the Treasury Department and the Federal Reserve.
The purpose of those meetings was to design a potential CBDC.
According to the Fox News opinion piece, action on the CBDC has been quick and quiet since then, mostly taking place in behind the scenes work groups.
The Biden administration wants to create a digital currency that isn’t just the equivalent of money – but also promotes several woke ideologies.
The goal of the White House is to have a CBDC that advances “financial inclusion” and “equity” – as well as helping “transitioning to a net-zero emissions economy and improving environmental justice.”
What would that look like in practice?
The CBDC would be fully traceable by government agencies – meaning the government could follow every dime you spend.
Purchase a new revolver at your local gun store, the ATF gets an alert.
Furthermore, the CBDC would include rules and spending caps on approved activities.
Spend too much at the gas pump or your electricity bill is too high – risk getting flagged as an energy abuser and being cut off.
Canadian Prime Minister Justin Trudeau did something similar with the Freedom Convoy during the pandemic – imagine how much more trouble he could have caused the truckers if all their assets were controllable by the government in the form of digital currency.
And, much like the World Economic Forum in Davos has recommended, you wouldn’t actually own the CBDC in your account – banks would own that money and basically put you on an allowance.
The WEF has put out a goal that in the future, you will not own anything – and you’ll be happy about it.
No possessions, no privacy too, sounds like a John Lennon song.
Biden’s CBDC would not simply be a digital version of the existing paper-based dollar – instead it would be an entirely new monetary system existing only in digital form, that is completely controllable by government agencies.
In other words, it’s a radical leftist’s wet dream.
Political Animal News will keep you up-to-date on any new developments in this ongoing story.