That's why the Biden regime's push for a "digital dollar" should be opposed by all Americans, regardless of their political beliefs.
When Barack Obama and majority Democrats were pushing for universal health care that was completely controlled by the government, tens of millions of Americans opposed the idea because they did not want an inefficient, bloated and authoritarian federal system in control of their healthcare decisions. That seems odd now, given their complaints about the U.S. Supreme Court's decision earlier this summer to overturn Roe v. Wade -- not to outlaw abortion, but to return the issue to the states where it should have stayed.
The push for "Obamacare" by the authoritarian left was simple: They knew that every American, at various points in our lives, will need health care. Gaining control of the entire industry would mean that the government would control it completely, giving bureaucrats life-and-death power over all of us. No one should want that.
In any event, enough Americans opposed "Obamacare" so all we ended up with was an expensive new welfare program for our citizens: Subsidized insurance for a smaller group of Americans that is still controlled by federal bureaucrats. But Obamacare was simply the first bite of the apple: Democrats continue to plot ways to destroy private healthcare by pushing various regulatory schemes to impose more rules over providers and insurers alike.
Now, the regime wants control over our money, which is another vital tool in the authoritarian playbook.
A 'white paper' published on the White House website calls for the creation of a "digital dollar" that, of course, will be controlled by government, much like the government currently has the sole role and responsibility to develop and print our currency (real dollars). But the difference here is that if all money was digital, the government could (and would) monitor our bank accounts; monitor all of our transactions; impose barriers to purchases of certain 'unfavored' items; and even block access to our money or limit how much of it we could spend -- all for the 'greater good,' of course.
"A United States central bank digital currency (CBDC) would be a digital form of the U.S. dollar. While the U.S. has not yet decided whether it will pursue a CBDC, the U.S. has been closely examining the implications of, and options for, issuing a CBDC," the White House policy paper notes before touting the digital dollar's "benefits."
"If the U.S. pursued a CBDC, there could be many possible benefits, such as facilitating efficient and low-cost transactions, fostering greater access to the financial system, boosting economic growth, and supporting the continued centrality of the U.S. within the international financial system. However, a U.S. CBDC could also introduce a variety of risks, as it might affect everything ranging from the stability of the financial system to the protection of sensitive data," the paper added.
"At last year’s Summit for Democracy, President Biden spoke about the importance of using technology 'to advance democracies to lift people up, not to hold them down.' If the U.S. launches its own CBDC, it should advance this democratic vision," the authors wrote.
Again, Democrats always mean the opposite of what they say. They speak of "democracy" while working daily to undermine it with gun control, packing the Supreme Court, ending the filibuster, and finding ways to alter our electoral processes so that their candidates will always come out on top.
A digital dollar is just part of the never-ending scheme to rob Americans of our independence and liberty. Giving Uncle Sam more control over our lives is just dumb.
Sources include:
Please contact us for more information.
