February 24, 2024 1:15 pm

Trump Pledges to Block Government Push for Central Bank Digital Currency | The Gateway Pundit

Facebook
Twitter
LinkedIn
Pinterest
WhatsApp
Telegram

URGENT: JUST 11 DAYS REMAIN TO HELP SAVE INDEPENDENT MEDIA & ANR, TO ENSURE WE ARE FULLY FUNDED FOR NEXT MONTH,SO LET'S CUT THE BS & GET TO THE POINT - WE WILL BE FORCED LAY OFF STAFF & REDUCE OPERATIONS UNLESS WE ARE FULLY FUNDED WITHIN THE NEXT 2 WEEKS - Sadly, less than 0.5% of readers currently donate or subscribe to us But YOU can easily change that. Imagine the impact we'd make if 3 in 10 readers supported us today. To start with we’d remove this annoying banner as we could fight for a full year...

Photo: FamZoo

In a fervent speech delivered to a crowded rally in Portsmouth, former President Donald J. Trump took a definitive stance against the creation of a Central Bank Digital Currency (CBDC) in the country.

Trump expressed his commitment to block any government efforts to create such a currency, highlighting his concerns about privacy and governmental overreach.

“Tonight, I am also making another promise to protect Americans from government tyranny,” Trump declared, addressing a sea of supporters.

“As your president, I will never allow the creation of a central bank digital currency.”

Trump’s comments come amidst growing discussions among global financial institutions and governments about the potential implementation of CBDCs.

“Such a currency would give a federal government, our federal government, the absolute control over your money,” Trump said.

“They could take your money. You wouldn’t even know it was gone. This would be a dangerous threat to freedom.”

WATCH:

Critics of CBDCs often cite the potential for increased surveillance and the erosion of financial autonomy as significant drawbacks. Trump’s commitment to blocking the development of a CBDC underscores these concerns and positions him at the forefront of the debate on digital currency and personal liberty.

In 2022, as inflation skyrocketed and markets collapsed, Fed Chair Jerome Powell announced that the Federal Reserve was exploring the possibility of a U.S. Central Bank Digital Currency.

“Rapid changes are taking place in the global monetary system that may affect the international role of the dollar,” Powell said.

In the same year, a group of world elites met this week to discuss the implementation of digital currencies run by central banks that will allow the world elites to control your behavior.  Using this technology, these elites, who believe they are so much more important and clever than you are, will decide what you can eat, say, and do.

Activist Post reported, “Unlike cryptocurrencies, which are private, Central Bank Digital Currency (CBDC) will be issued and controlled by the central banks themselves. In many ways, it’s the same as banknotes, but it’s likely that every single transaction will be monitored for compliance…”

“…As a result of this potential programmability, government agencies can precisely target their support packages to the right people. CBDCs can’t solve every financial inclusion challenge, but they can work together with financial literacy and digital literacy. CBDC will have to work with other policies like digital identities and wallets.”

In 2023, the International Monetary Fund (IMF) announced its plans to develop a global Central Bank Digital Currency (CBDC) platform.

“If we are to be successful, CBDCs could not be fragmented national propositions,” said IMF managing director Kristalina Georgieva

“To have transactions more efficient and fairer, we need systems that connect countries. In other words, we need interoperability. For this reason, at the IMF we are working hard on the concept of a global CBDC platform to trade and to manage risks,” she added.

Last year, House Majority Whip Tom Emmer (MN-06) reintroduced his flagship legislation, the Central Bank Digital Currency (CBDC) Anti-Surveillance State Act, signaling a strong countermove against the Biden regime’s overreach into Americans’ financial privacy.

Emmer has rallied a significant bloc of 50 original Republican co-sponsors, underscoring the concern among conservatives about the implications of a government-issued digital currency.

At the core of this legislation is the principle that a Central Bank Digital Currency, unlike decentralized cryptocurrencies like Bitcoin, would give the federal government unprecedented powers to monitor and control individual financial transactions.

“The administration has made it clear: President Biden is willing to compromise the American people’s right to financial privacy for a surveillance-style CBDC. That’s why I’m reintroducing my landmark legislation to put a check on unelected bureaucrats and ensure the United States’ digital currency policy upholds our values of privacy, individual sovereignty, and free-market competitiveness,” Whip Emmer said in a statement.

“If not designed to be open, permissionless, and private – emulating cash – a government-issued CBDC is nothing more than a CCP-style surveillance tool that would be used to undermine the American way of life,” Emmer added.

The CBDC Anti-Surveillance State Act aims to:

  • Prohibit the Federal Reserve from issuing a CBDC directly to individuals, ensuring the Fed cannot mobilize itself into a retail bank able to collect personal financial data on Americans.
  • Prohibit the Fed from indirectly issuing a CBDC to individuals through an intermediary, preventing the Fed from launching a retail CBDC through our two-tier financial system.
  • Prohibit the Fed from using any CBDC to implement monetary policy, ensuring the Federal Reserve cannot use a CBDC as a tool to control the American economy. The legislation protects innovation and any future development of digital cash.



Source link

Opinion pieces don’t necessarily reflect the position of our news site but of our Opinion writers.

Original Source: Trump Pledges to Block Government Push for Central Bank Digital Currency | The Gateway Pundit

Support the ANR from as little as $8 – it only takes a minute. If you can, please consider supporting us with a regular amount each month. Thank you.

Let’s not lose touch…Your Government and Big Tech are actively trying to censor the information reported by The ANR to serve their own needs. Subscribe now to make sure you receive the latest uncensored news in your inbox…

Australian National Review is Australia’s first real free and independent press, one with no editorial control by the elite, but a publication that can generate critical thinkers and critical debate and hold those spreading mistruths and deliberate propaganda in mainstream media to account.

News with a difference that will be educational, compelling and create a platform for political and social change in this country and address the real issues facing this country and the world.

Discover more from The ANR

Subscribe now to keep reading and get access to the full archive.

Watch Full Documentary

URGENT: JUST 3 DAYS REMAIN TO HELP SAVE INDEPENDENT MEDIA & ANR, SO LET'S CUT THE BS & GET TO THE POINT - WE WILL BE FORCED TO LAY OFF STAFF & REDUCE OPERATIONS UNLESS WE ARE FULLY FUNDED WITHIN THE NEXT 2 WEEKS

Sadly, less than 0.5% of readers currently donate or subscribe to us But YOU can easily change that. Imagine the impact we'd make if 3 in 10 readers supported us today. To start with we’d remove this annoying banner as we could fight for a full year...

Get access to TruthMed- how to save your family and friends that have been vaxx with vaccine detox, & how the Unvaxxed can prevent spike protein infection from the jabbed.

Free with ANR Subscription from $8