Presidential enthusiastic Robert F. Kennedy Jr. has actually provided a caution concerning the Federal Reserve’s brand-new Fednow system and the prospective threats of reserve bank digital currencies leading to financial slavery and political tyranny. He furthermore alerted: “We ought to not be blind to the apparent risk that this is the initial step in prohibiting and taking bitcoin as the Treasury finished with gold 90 years back.”
Robert F. Kennedy Jr. Warns about Fednow and CBDCs
Lawyer and vaccine skeptic Robert F. Kennedy Jr. slammed the Federal Reserve’s Fednow system and reserve bank digital currencies in a tweet on Wednesday — the exact same day he submitted documentation to run for president in 2024. He is President John F. Kennedy’s nephew and U.S. Senator Robert F. Kennedy’s boy.
“The Fed just announced it will introduce its ‘Fednow’ Central Bank Digital Currency (CBDC) in July,” he composed, elaborating:
CBDCs grease the domino effect to financial slavery and political tyranny.
Fednow is the Federal Reserve’s real-time gross settlement (RTGS) system for immediate payments. However, the Fed’s CBDC advancement is different from Fednow, and Fed Chair Jerome Powell stated last month that the reserve bank’s CBDC work is still in the early phases of experimentation.
“While cash transactions are anonymous, a CBDC will allow the government to surveil all our private financial affairs. The central bank will have the power to enforce dollar limits on our transactions restricting where you can send money, where you can spend it, and when money expires,” Kennedy’s tweet continues. “A CBDC connected to digital ID and social credit history will permit the government to freeze your possessions or restrict your costs to authorized suppliers if you stop working to adhere to approximate diktats, i.e. vaccine requireds.”
“The Fed will initially limit its CBDC to interbank transactions,” Kennedy kept in mind, caution:
We ought to not be blind to the apparent risk that this is the initial step in prohibiting and taking bitcoin as the Treasury finished with gold 90 years ago today in 1933.
“Watch as governments, which never let a good crisis go to waste, use Covid-19 and the banking crisis to usher in a new wave of CBDCs as a safe haven from germ-laden paper currencies or as protection against bank runs,” the governmental enthusiastic concluded.
Numerous voices have actually warned versus the federal government releasing a CBDC, consisting of U.S. Representative Tom Emmer, who presented the CBDC Anti-Surveillance Act in February. U.S. Senator Ted Cruz just recently sent a costs to forbid the Federal Reserve from establishing a direct-to-customer CBDC, and Florida Governor Ron Desantis presented a proposition in March to disallow making use of CBDCs as cash in his state.
Do you concur with Robert F. Kennedy Jr. about Fednow and the threats of the government releasing a CBDC? Let us understand in the comments area below.
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