President Donald Trump’s Executive Order 14178 ostensibly “bans” CBDCs. However, his administration is quietly advancing stablecoin legislation that would hand digital currency control to the same banking cartel that owns the Federal Reserve.
Aaron Day says that the STABLE Act and GENIUS Act don’t protect financial privacy – they enshrine financial surveillance into law, requiring strict Know Your Customer tracking on every transaction.
“This isn’t defeating digital tyranny – it’s rebranding it,” he said.
Last week, Brownstone Institute published an article written by American entrepreneur Aaron Day about stablecoins being the backdoor to total financial control. The following is an overview of Day’s article.
“This article cuts through the distractions to expose a sobering truth: the battle isn’t about stopping a future CBDC – it’s about recognising the financial surveillance system that already exists. Your financial sovereignty is already under attack, and the last off-ramps are disappearing,” he wrote.
Adding, “The greatest sleight of hand in modern finance isn’t cryptocurrency or complex derivatives – it’s convincing Americans they don’t already live under a central bank digital currency system. Let’s dismantle this illusion by examining how our current dollar already functions as a fully operational CBDC.”
Central Bank Digital Currencies
A central bank digital currency (“CBDC”) is issued and controlled by a nation’s monetary authority. As Day argues in his book ‘Fifty Shades of Central Bank Tyranny’, the US financial system already functions as a digital control grid, with 92% of all US dollars existing only as digital entries in databases allowing for monitoring and restriction of transactions.
“The Fed’s digital infrastructure processes over $4 trillion in transactions daily, all without a single physical dollar changing hands. This isn’t some small experimental system – it’s the backbone of our entire economy,” Day wrote. “The Federal Reserve, our central bank, doesn’t create most new money by printing bills [physical bank notes]; it generates it by adding numbers to an Oracle database.”
In other words, the US government’s financial surveillance system is already in place.
Day explained that, facilitated by laws such as the Bank Secrecy Act and Patriot Act, the existing financial surveillance system enables government agencies like the Internal Revenue Service (“IRS”) and National Security Agency (“NSA”) to collect and analyse financial data without meaningful oversight, effectively creating a system of digital control.
This surveillance enables active censorship, for example, as demonstrated during Canada’s trucker protests in 2022 and targeting people in the USA, such as Kanye West and Dr. Joseph Mercola.
The government’s true intention is not to stop financial crime but to control people, as evidenced by the accumulation of trillions of financial records on ordinary Americans and the failure to curb financial crime.
And the ultimate goal, rooted in the technocracy movement since the 1930s, is to digitise all assets, including money, stocks and real estate, under a global ledger, enabling central banks and governments to monitor and program every asset and tying wealth to resource consumption and a social credit system.
Multiple countries, including the Bahamas, Jamaica and Nigeria, have launched retail CBDCs, with 44 pilots ongoing worldwide, driven by goals of modernising payments and enhancing financial inclusion.
The US is taking a different approach, with legislation like the STABLE Act and GENIUS Act aiming to create a framework for privately issued digital dollars, effectively achieving the same surveillance and control objectives as CBDCs through stablecoins.
These legislative efforts, supported by figures like President Trump and Mark Carney, the new Prime Minister of Canada, are designed to implement a system of financial control where every transaction is monitored and assets are tokenised* and regulated, ultimately leading to a loss of financial autonomy and privacy.
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