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A central bank digital currency — could there be a more horrifying concept? This could arguably be the greatest power play the government could ever pull off, placing “we the people” constantly under their watchful eye. And the “pitch” will be crafty. It’ll be sold to Americans as progress, technology, and advancement. Yet in reality, it’s more like gaining the ability to control society’s every move with a simple flip of a switch, cutting you off from life, simply because you don’t “think” the way the government wants you to.

Scary stuff.

Orange Country Register:

Here’s another way to phrase that: With a central bank digital currency, the government will have a record of every cent spent by everyone. The government will know how much was spent, where it was spent, and who received it.

Even more concerning than the elimination of an option for privacy is the potential for the government to “turn off” an individual’s money by freezing or seizing the account.

This is already possible when the government requires banks to freeze one or more accounts for a law enforcement purpose. A central bank digital currency, however, puts the government in direct control of the “off” switch, without the need for even a minimal legal process.

The Fed’s report notes that because of the “greater scale and velocity” of transactions possible with a CBDC compared to cash, “compliance with laws designed to combat money laundering and funding terrorism is particularly important for CBDC.”

It is not hard to imagine the government imposing a sudden and sweeping stop on all financial activities of U.S. persons or entities based on a secret intelligence assessment of potential harm or illegal activity. We have already seen civil liberties and constitutional rights swept aside in the name of protecting the nation from terrorism, insurrection, infection and even rowdy school board meetings.

And if you don’t think the bad guys are already licking their chops over this idea, check out what a speaker at the World Economic Forum just said. He threw out the idea that a digital currency could be successfully used to stop people from buying ammunition.

Sadly, that WEF puppet is right — that’s exactly what digital currency could and would be used for, among other horrific things. We simply can’t allow a “digital dollar” in the U.S. It’s game over if we do.

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