The tyranny of digital currencies
Central banks are creating their own surveillance state
BY Thomas Fazi
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Should we really be surprised that the Treasury and Bank of England are exploring whether to launch a state-issued digital pound? Sunak, after all, was the chancellor who first floated the idea of backing a central bank digital currency (CBDC) — already dubbed “Britcoin”. Nor was he alone: 11 countries, including China, Nigeria, The Bahamas and Jamaica, have already launched their own digital currencies, while more than 100 others, representing over 95% of global GDP, are deciding whether to follow suit. In the United States, the Federal Reserve Bank of New York has launched a pilot programme; the European Central Bank hopes to make a decision about the creation of a digital euro this autumn.
One might think that, amid a global cost-of-living crisis, these bodies would have other, more pressing concerns. But central bankers are never ones to miss an opportunity — and in fractious times like these, uncertainty is the most profitable opportunity in the business.
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There is NO reason to allow the central banks to assume this much power over people’s daily live.
The Canadian Gooferment freezing the protesting truckers bank accounts, as well as anyone who donated to them, is just a taste of what ANY Gooferment can do using it’s central bak to “moderate” speech and behavior.
“And how we burned in the camps later, thinking: What would things have been like if every Security operative, when he went out at night to make an arrest, had been uncertain whether he would return alive and had to say good-bye to his family? Or if, during periods of mass arrests, as for example in Leningrad, when they arrested a quarter of the entire city, people had not simply sat there in their lairs, paling with terror at every bang of the downstairs door and at every step on the staircase, but had understood they had nothing left to lose and had boldly set up in the downstairs hall an ambush of half a dozen people with axes, hammers, pokers, or whatever else was at hand? . . .” — Alexander Solzhenitsyn
Before it becomes too late to do anything.
The camel’s nose, the slippery slope, or “give ‘em an inch” are all warnings about this.
Don’t think it can’t happen here. Look at the 1913 gold seizure as an example. “Bank holiday” my ass. These useless drones aka politicians and bureaucrats are mini-tyrants if you don’t stop them first.
#endthefed is the battle cry.