Central Bank Digital Currencies Are The Next Frontier In The Battle For Freedom

Central Bank Digital Currencies are the Next Frontier in the Battle for Freedom

RHODA WILSON

“If you can move every human into a digital concentration camp, empty their bank account any time you want, and tell them what they can and cannot spend money on, you’ve got complete control.” –  Catherine Austin Fitts

Central bank digital currencies (“CBDCs”) are digital currencies issued directly from a nation-state’s central bank and serve as legal tender.

Critically, CBDCs are controlled by governments and therefore represent the polar opposite of the ideas – decentralisation, open-source software, permissionless, peer-to-peer transactions – that made Bitcoin and other cryptocurrencies such a revolutionary technology.

As you can guess, CBDCs will be tied to user identities and Digital IDs, which will allow for total surveillance by the State and eliminate any chance of financial privacy.

According to the Atlantic Council’s Central Bank Digital Currency Tracker, 112 countries, representing over 95 per cent of global GDP, are exploring a CBDC.

11 countries have already launched a digital currency including Nigeria and numerous Caribbean nations.

14 countries are testing pilot programs including South Korea, Thailand, Saudi Arabia, Sweden, and China which is set to expand its use of the Digital Yuan in 2023.

Anthony Pompliano, an American entrepreneur, investor, and Bitcoin evangelist wrote last March that “central bank digital currencies will be one of the greatest violations of human rights in history.”

“Central bank digital currencies remove the privacy and decentralised nature of physical cash,” Pompliano explained. “It creates an environment where central banks have complete control over every aspect of a citizen’s financial life.”

“These central bankers will be able to see what is in your bank account, whom you transact with, what you purchase, and anything else they are curious about in your financial life,” he wrote.

“That full transparency with the state removes all elements of privacy, while also giving the institutions the ability to censor any and all transactions, regardless of whether they have a legitimate reason or not.”

Robert Kiyosaki, the author of the personal finance book, ‘Rich Dad, Poor Dad’ had scathing criticism of the idea of introducing CBDCs.

Kiyosaki referred to the Executive Order 14067 signed by the Biden White House in early March that established the government’s position on creating a CBDC as the “most treasonous act in US history” in a tweet that he posted on July 17th.

In addition, Kiyosaki went as far as to declare the establishment of CBDCs to be “communism in its purest form.”

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