Sunday, May 19, 2024

Biden is Building A Central Bank Digital Currency

The midterms are coming…and you should be scared no matter which party takes control of Congress.

Executive order 14067 is being ignored by the mainstream media and for good reason. It will upend the U.S. monetary system and peel away Americans’ financial autonomy.

You don’t need to put on your tinfoil hat for this one. Business tycoons and analysts are already issuing warnings.

This past summer, the author of Rich Dad, Poor Dad, Robert Kiyosaki, took a swipe at the order, calling it “the most treasonous act in US history” and “communism in its purest form.”

This order places the Federal Reserve chief in charge of creating a central bank digital currency (CBDC). Although the order focuses on things like illicit purchases and national security, it’s much more invasive. Federal financial and banking agencies will have to look into “payment system infrastructures for United States consumers.” Essentially, expect the government to know how everyday Americans will make digital purchases.

Even before executive order 14067 came into existence, investor and financial analyst Anthony Pompliano foreshadowed the dangerous implications of believing the government has better intentions than individuals. He warned, “assumption that private actors always choose profits over stability and assumption that central banks always act in the best interest of the public are both incorrect.”

Centralized power isn’t all this executive order is after. It also pines for globalism by ordering, “U.S. participation in multi-country experimentation.”

After lying dormant since March, this executive order has returned with a vengeance. In September, the White House issued a statement that skeptics of a CBDC feared: the nine reports ordered by executive order 14067 were promising. Now, the Biden administration is urging the Federal Reserve to go further with their CBDC research – including joining forces with the Treasury Department on an inter-agency working group.

Whether Republicans or Democrats win is of little concern when it comes to this issue. The framework for a control grid has already been put into motion.

While many watched in shock at how Canadian Prime Minister Justin Trudeau froze the bank accounts of the Freedom Truckers, this will pale in comparison to the power a central bank digital currency will allow. Whoever is in charge of the system can essentially turn off your wallet. They will be able to control who, what, where, when, and how you spend your money. Financial analyst Catherine Austin Fitts describes CBDCs the best by calling them what they really are – digital concentration camps.