Wed Apr 12, 2023 – 2:10 pm EDT
(LifeSiteNews) — With the announcement that Texas is looking into launching a gold-backed cryptocurrency comes the promise of freedom from the Federal Reserve – and a future where Big Government controls your money.
What are CBDCs – and why should I care?
Described as a “war on cash” in the above ZeroHedge article from last Friday, central bank digital currencies (CBDCs) are being touted as the future of money.
These instruments are essentially government Bitcoin – a digital currency which currently operates beyond any visible state control. CBDCs however will be issued by central banks – like the Federal Reserve – giving governments the power to freeze or even seize your money, whilst tracking every single purchase you make anywhere in the world.
As the ZeroHedge report shows, the worldwide momentum to implement digital government money – and abolish the anonymity and freedom which comes with cash – is increasing.
Nigeria is already trying to get people to accept its CBDC (with a great deal of resistance), and China, India, and the US have all launched pilot programs to test CBDCs.
A step towards communism
Dr. Thorstein Polleit
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