The Biden Administration is currently building an infrastructure to eventually replace cash with a digital dollar and a central bank controlled by the government. At the same time, Democrats and Western leaders are pushing hard for ESG for corporations on the Stock Market.
They will all tie together in the future.
ESG is a social credit system that subjugates corporate product quality to leftist values. How well a company obeys the leftist dictates will determine how successful that company will be. The left gets to pick winners and losers and it will always be in accordance with their ideology.
The digital dollar will destroy the Bill of Rights. Privacy and freedom will be dependent on government beneficence. If your social credit scores are low, they could take away your digital dollars if they choose.
Will they? Judge their behavior now as a determinant of what they will do in the future.
Biden called for the system to be fast-tracked, but Treasury Secretary Janet Yellen says it will take several years. Don’t count on that. They’re very aggressive, and capable of rolling something out that is not ready for market.
The Left hates your privacy, your guns, and your free speech. Don’t think for a minute that they won’t take it away by taking your money. The digital dollar will be traceable and programmable. They will know what you’re doing and how you are spending your money. If they don’t like it, what do you think they will do?
Washington is full of psychos and they love control.
We’re just trying to be the canary in the coal mine here.
Truth!!
Before they roll out the Digital Dollar they’ll need to force everyone into opening accounts with the Treasury. That way there will be no excuse, even for poor people, that they don’t have access to a bank account. That was why they were trying to push through that evil Saul Omarova as Comproller of the Currency not too long ago.… Read more »
People will find an alternate cash means to trade or even just become a barter economy. I know a farmer who had a large fuel tank installed last year. He needs the fuel to run the farm and buying fuel wholesale is cheaper, but said if things got really bad he can pay bills in fuel. There are other options,… Read more »
The amount of energy needed to implement such a system would be massive. The Leftists don’t seem to worry about AGW when it comes to things that would give them control. China is building 40 Coal fired plants, Is that where the US is going to guy electricity? Because we certainly don’t produce enough here. That would also mean the… Read more »
To avoid CBDC we can use other cryptos that are not controlled by government. But you don’t want non privacy cryptos like Bitcoin and most other cryptos because their blockchain ledgers make your balances and purchases visible to all. Instead you want privacy cryptos that don’t reveal your financial data. The best privacy cryptos are Pirate Chain, Monero, Dero and… Read more »
That’s definitely an interesting perspective. I just don’t think too many states have the political will to print their own scrip. That’s one of the reasons the original thirteen states adopted the Constitution as each state was printing their own scrip. This resulted in inflation and the refusal of some states to accept another states scrip for legal tender. That’s… Read more »
Where does it say that Texas has made gold and silver legal tender? Texas has the Texas Bullion Depository, but I haven’t seen anything that indicates that Texas is a gold-legal-tender state yet. I would appreciate the Act information if you know of it. Thank you.