The U.S. dollar is the world’s reserve currency.
If it goes away it could plunge the economy into a depression.
And now Donald Trump broke some bad news about eliminating the U.S. dollar.
The Biden administration and secretive Federal Reserve are planning to impose a Central Bank Digital Currency (CBDC) – a digital dollar – which will eliminate paper money in the United States.
In a speech in New Hampshire Trump warned supporters that Biden imposing a digital dollar would set America off on the road to tyranny and that he pledged to end Biden’s attack on freedom the second he re-enters the Oval Office.
“Tonight, I am also making another promise to protect Americans from government tyranny. As your president, I will never allow the creation of a Central Bank Digital Currency,” Trump declared.
TRUMP: “Tonight, I am also making another promise to protect Americans from government tyranny. As your president, I will never allow the creation of a Central Bank Digital Currency.”
— Benny Johnson (@bennyjohnson) January 18, 2024
A digital dollar would allow the federal government to track every purchase made in America and spy on every American’s bank account.
It would also allow Joe Biden to freeze bank accounts for Trump supporters as Biden has already labeled Trump’s 74 million voters as domestic extremists who want to end American democracy.
The Biden administration is already abusing its surveillance powers to target the bank accounts of Trump supporters.
Chairman of the Select Subcommittee on the Weaponization of the Federal Government Jim Jordan found that federal officials pressured banks to flag transactions from Dick’s Sporting Goods and Cabela’s that used the words “Trump” or “MAGA” following January 6.
In a letter to the former director of the Treasury Department’s Office of Stakeholder Integration and Engagement in the Strategic Operations Division of the Financial Crimes Enforcement Network (FinCEN) Noah Bishoff, Jordan demanded information about the political targeting of Trump supporters’ financial transactions.
Jordan wrote that FinCEN instructed banks to also flag Bible purchases as an indicator of “extremism.”
“According to this analysis, FinCEN warned financial institutions of ‘extremism’ indicators that include ‘transportation charges, such as bus tickets, rental cars, or plane tickets, for travel areas with no apparent purpose,’ or ‘the purchase of books (including religious texts) and subscriptions to other media containing extremist views,’” Jordan’s letter read.
“In other words, FinCEN used large financial institutions to comb through the private transactions of their customers for suspicious charges on the basis of protected political and religious expression,” Jordan’s letter continued.
A digital dollar would cut out the middleman here.
Critics contend Joe Biden could just declare Trump voters violent domestic extremists and start freezing the bank accounts of anyone who purchases a Bible or exercises their Second Amendment rights.
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