American Totalitarian Crypto Dollar May Come Before Election

Article author: 
Aaron Day
Article publisher: 
Brownstone Institute
Article date: 
10 February 2024
Article category: 
Our American Future
Article Body: 

Central Bank Digital Currencies (CBDCs) threaten to replace the cash we use with programmable, trackable, and censorable tokens controlled by governments. Your financial choices could be suppressed, and privacy eliminated. Based on what I’ve learned and experienced directly, this could happen before the 2024 election. The best way to stop it is through direct action, not through politics. 

In my 30 years as a serial entrepreneur and liberty activist, I have never encountered a more significant or urgent threat to human freedom and liberty than CBDCs. My direct experience with cryptocurrency, insights from researching my book about the threat of CBDCs called The Final Countdown, and an understanding of the political realities regarding CBDCs from my experience running in the 2024 Republican Presidential primary, have propelled me to dedicate 100% of my time and attention to sounding the alarm on this issue. We are at DEFCON 1.

How CBDCs Could Lead to Total Control: Your Spending, Your Identity, Your Life

CBDCs are a form of digital cash that can be programmed, monitored, and censored by the government. They can serve as a gateway to complete tyranny by enabling social credit scores, digital IDs, vaccine passports, and more. To see what life might be like under this type of digital tyranny, you can read the first chapter of my book at Brownstone Institute...

1/ President Biden has Authorized the Exploration of a CBDC, and There Isn’t any Real Resistance in Congress.

On March 9, 2022, President Biden signed Executive Order 14067. This EO places “the highest urgency on research and development efforts into the potential design and deployment options of a United States CBDC.” It also calls for a whole-of-government approach to regulating digital assets. As you will see in a further section below, the technology for a US CBDC has already been developed...

US Senator Ted Cruz (R-TX) has been leading the battle against CBDCs in the United States Senate. In 2023, he introduced a bill to prohibit the Federal Reserve from issuing a CBDC. Alarmingly, Cruz informed me that the bill is dead in the water and that the votes aren’t there in the US Senate to block a CBDC. He also expressed concern that the Federal Reserve might attempt to act unilaterally and bypass Congress by introducing a CBDC...

2/ The Technology for a US CBDC has Already Been Developed and Could be Deployed Quickly.

The Federal Reserve has already completed three successful pilots. The technology works and is only pending the creative “legal and marketing” spin before it is rolled out...

3/ Most Americans are Unaware of What CBDCs are and Could be Easily Manipulated in an Emergency....