The digital dollar is a government surveillance and control tool
The following content is sponsored by Monetary Gold, the official gold sponsor of Breitbart News.
Most economies around the world, including the United States, are rapidly accelerating the digitalization of their currencies and eventually ending “paper money” by creating a central bank digital currency (or CBDC for short).
Part of the “Great Reset” agenda is to eliminate or reduce untraceable and tax-free cash and crypto transactions and pave the way for the establishment of a national government-controlled digital currency.
The agenda is to have a CBDC in every country, get people used to it, and then connect those digital systems into a global digitized payment system.
Does that sound too far-fetched to you? Consider that the US Federal Reserve Board of Governors has already released a white paper entitled: “Currency and Payments: The US Dollar in the Age of Digital Transformation” as a “first step” in exploring the creation of a CBDC.
Make no mistake, a centralized digital currency is coming. President Biden already sounded what many consider to be the death knell for the paper dollar when he signed Executive Order 14067, which calls for the establishment of a US central bank digital currency.
Although it may seem benign at first glance, a centralized digital currency has the potential to allow the federal government to:
- Legally monitor all US citizens
- Control all bank accounts and purchases
- Crush freedom of speech and silence opposing voices by cutting off access to their digital money
As an article in Wired The magazine explained, “Digital currency issued by a central bank can be used as a tool for government surveillance of citizens and control over their financial transactions.”
With this kind of control, how long will it be before the US government infringes on ALL the rights of its citizens?
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