Central Bank Digital Currency and the growing economic surveillance state

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Central Bank Digital Currency CBDC surveillance state

Central Bank Digital Currency (CBDC) and the growing economic surveillance state

You may or may not be aware of this, but Joe Biden signed an Executive Order earlier this year “encouraging” the Federal Reserve to “explore” implementing a Central Bank Digital Currency (CBDC) that could ultimately lead to the creation of a surveillance state capable of controlling every aspect of our economic lives.

Under Biden’s Executive Order, America would become a part of the worldwide push to implement CBDC’s as directed by globalist organizations like the International Monetary Fund (IMF) and the World Economic Forum (WEF), putting every cent of our ability to buy and sell under the full control of central banks and the government.

I’m often accused of being a conspiracy theorist about government’s plan to control every aspect of our lives, but as we recently learned from our socialist-loving neighbors to the north, Canada’s Central Bank Digital Currency gave government that exact power (via The National Telegraph):

There are some very obvious dangers of a CBDC system and some not so obvious ones. If Canada were to implement CBDCs it would eventually put an end to cash transactions, and along with it the ability to perform any transaction anonymously. Think of a woman inside an abusive marriage, she would have no way to store money to use that her husband would not be able to track in some way, so escaping him would be made exponentially more difficult.

More dangerous than an abusive husband is an abusive government. We have already seen the willingness of the Canadian government under Justin Trudeau to seize citizens’ bank accounts, without a court order or even a criminal charge being laid against them, during the Freedom convoy under the Emergencies act. It was not just Justin Trudeau and Chrystia Freeland who acted as authoritarian dictators, the major banks provided no push back to their unlawful asset seizures. Instituting a system where these very same people can monitor all your purchases and take all your life savings with the click of a button is fundamentally insane. (Emphasis mine)

Under the “Emergencies Act,” Prime Minister Justin Trudeau used what he called “temporary measures” to wield open-ended power to squash Freedom Convoy protesters for daring to reject his tyrannical reign, but he later announced his intention to make provisions of the Emergencies Act to build a permanent police state.

Among the many tyrannical powers made available under Canada’s Emergencies Act was the ability for Trudeau to freeze truckers’ personal and corporate bank accounts.

Justin Trudeau is one of the many young leaders puppets under the control of the World Economic Forum — Ivanka Trump is also in that group — which means Canada’s Central Bank Digital Currency is likely driven by the WEF’s Great Reset agenda.

Like Trudeau, Joe Biden’s plan for a Central Bank Digital Currency was likely influenced by the Great Reset and the creation of a New World Order as envisioned by the World Economic Forum. A few days after issuing his Executive Order, Biden gave an address at the Business Roundtable where he called on America to lead in creating a “New World Order” in order to “unite the world.”

One of Biden’s first orders of business as president was to appoint John Kerry as his climate czar who, as the official representative of the administration, participated in a panel discussion hosted by the World Economic Forum in December 2020.

In his speech, Kerry reaffirmed his boss’ devotion to the New World Order as envisioned by the World Economic Forum, and he promised that the Great Reset “will happen with greater speed and with greater intensity than a lot of people might imagine.”

China’s CBDC (Digital Yuan) is tied to the country’s vaccine passport and social credit systems.

Experts in the tech industry tell us that the digital platform used to create vaccine passports is the same platform used in China’s “social credit system.“ Some of the areas tracked in real time by China’s “social credit system” are (via New Horizons):

  • Medical history
  • Social media posts and internet search history
  • Bank accounts and credit cards
  • Residence, employment, and criminal history
  • Relationships and religious activities
  • Political activity

This information is fed to a central database to create a “social credit score” to be used to reward or punish citizens. Those with a high score are able to participate freely in society while those with a low score are prohibited from traveling, borrowing money, keeping a job, or even getting their children into school.

Not only does China track spending habits; it controls them.

Could Joe Biden’s Central Bank Digital Currency Executive Order lead to an economic surveillance state and government control of American lives? Ron Paul thinks so:

First and foremost, a CBDC could be used as a tool for surveillance and control of the American public. This threat was acknowledged last year when three U.S. Senators – Marsha Blackburn (R-TN), Cynthia Lummis (R-WY) and Roger Wicker (R-MS) – asked the U.S. Olympic and Paralympic Committee to prohibit athletes from using the digital Chinese yuan.

“While the Chinese Communist Party insists their efforts are aimed at digitizing bank notes and coins, Olympic athletes should be aware that the digital yuan may be used to surveil Chinese citizens and those visiting China on an unprecedented scale, with the hopes that they will maintain digital yuan wallets on their smartphones and continue to use it upon return,” they wrote.

It would be dangerously naive to think that our own CBDC would not include similar surveillance mechanisms, given the government’s long and sordid history of spying on the American population as a whole, such as the PRISM and ECHELON programs.

Even more insidious is the prospect that Americans’ “digital dollars” might one day be frozen or seized for any number of pretexts. We are already past the point where political actors are comfortable labeling political speech “violence” and those who speak in their opposition “terrorists.” (Emphasis mine)

Under a Central Bank Digital Currency, government could:

  • Automatically withdraw taxes from your account (Remember Biden’s plan to give the IRS spying power?)
  • Dispense funds based on political ideology (Want to buy a gun? Look out)
  • Dispense funds based on health records (Diabetic? No sugar for you!)
  • Withhold funds if the nanny state doesn’t approve of your spending habits

COVID tyranny put the cashless economy in overdrive — customers were forced to use payment systems like debit cards, credit cards, and smartphone app payment systems instead of cash — so a Central Bank Digital Currency capable of creating a government-controlled economic surveillance state is a logical next step.

 

David Leach is the owner of the Strident Conservative. He holds people of every political stripe accountable for their failure to uphold conservative values, and he promotes those values instead of political parties.

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