Saturday, September 17, 2022

Biden's Police State to Control Your Bank Accounts?

If you think that the FBI and Department of "Justice-for-Some" is bad now, just wait.

Besides hiring 87,000 new (and mostly armed) tax-takers, Biden & Co. also want to control your bank account.

 ...The White House today released a fact sheet that criticized the risks of decentralized cryptocurrencies while promoting a centralized Fed-control “digital dollar,”...

Note well:  the 'crypto vs. digital dollar' characterization is a smokescreenFocus on the 'digital dollar.'

[White House propagandists claim] a Central Bank Digital Currency (CBDC) could potentially achieve a variety of goals including protecting national security, advancing financial inclusion and promoting economic growth, pending research.[????]  Experts and congressional representatives who spoke to the DCNF expressed skepticism that a CBDC would meaningfully benefit people, and concerns that the technology could be used to monitor and even limit people’s ability to make their own economic decisions....

In fact, the White House claims are pure bullshit.

... “Really the greatest benefit that a CBDC can offer is not for you or me on the street, but rather for the government’s efforts to surveil financial activity,” said Nicholas Anthony, a policy analyst with the Cato Institute’sCenter for Monetary and Fiscal Alternatives, in an interview with the DCNF. “It gives them a new level of control over surveilling individual accounts… like being able to control it.”...

 ...Anthony’s comments mirror those made by Minneapolis Federal Reserve Chair Neel Kashkari who, speaking at a panel hosted at Columbia University, said that he had no idea what problem CBDCs solved, noting that he could [send] anyone in the room five dollars on the popular mobile payment app Venmo “right now.”

“What is it that a CBDC can do that Venmo can’t do?”...

Visa and MasterCard recently caved to 'pressure' to report guns and ammo purchases.  You can bet large money that the 'pressure' came from Biden's Police State figures, not some 'standards agency,' despite what is given to the mockingbird media to repeat and report.

Federally-issued and controlled digital currency will report on every transaction you make, not just guns and ammo.  They'll track your church contributions, your political contributions, and your fast-food buys.

Then they'll "help you" to understand what's better..............for them.

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