Biden prepares the suspicious central bank digital currency
Update: Biden is expected to sign the cryptocurrency executive order, the week of March 7, 2022, according to Bloomberg. "The order will direct federal agencies to examine potential regulatory changes, as well as the national security and economic impact of digital assets." via decrypt.io
Biden's executive order directs "agencies across the government to study cryptocurrencies and a central bank digital currency (CBDC)", according to Yahoo News. Tasked with developing a report on the future of money and payment systems are The Departments of Treasury, State, Justice, and Homeland Security.
They also want to study "financial instability issues." But events like The Great Depression, the Panic of 1819, and hyperinflation in America are directly correlated with the functions of a central bank. We can blame inflationary and deflationary practices as well as Keynesian economics.
This is all explained in detail with Congressional records and trusted sources in "The Patriot Report: Unmasking the Conspiracy of Money & War."
"Market protection measures" is mentioned in the Yahoo article as well. This basically means price controls or socialism (communism). The sales pitch is the "protection
"The FTC Chairman and Director of the CFPB will also be asked to look at privacy issues potentially created for digital assets." The Bitcoin blockchain ledger is public which creates financial transparency.
The CBDC under development by the Boston Federal Reserve, Project Hamilton, does not have blockchain technology and therefore has no transparency. This means privacy for them but not for us.
The digital dollar is coming.
I interpret "blockchain analysis" to mean they will scour the ledger to document and grade all transactions. Some fancy software will organize the data into subsets based upon their level of suspicion, I must assume.
Basically, big brother is watching your Bitcoin. Only the technically savvy will enjoy privacy. Welcome to the dystopian future.
JP Konig, a writer for a large Canadian bank, thinks "Bitcoin is a bad way to fund the Ottawa protest." I disagree. This writer condemns the Freedom Convoy as "mischief" and "illegal."
What should be deemed illegal is an overgrown government forcing medical experimentation on millions of people. Who gets to be the arbiter of what is legal and what is illegal?
When does morality supersede the law? Or does law supersede morality? We should not allow individuals in government to own our bodies and make decisions for them without our consent. That would be defined as slavery.
J.P. Konig wishes us to bow to the government and turns his back on the fight for freedom. He does so while writing for a cryptocurrency blog. Crypto is supposed to be all about freedom — the freedom of choice. CoinDesk should scrutinize its writers.
Bitcoin is a GREAT way to support the Freedom Convoy! The GoFundMe campaign was shut down and the GiveSendgo transactions at financial institutions in Canada have been frozen. When you transact through a financial institution you are subject to governance.
The first sentence of the Bitcoin White Paper clearly states that the technology is, "A purely peer-to-peer version of electronic cash
The only hurdles are ignorance and adoption. Some complain that the truckers cannot pay for goods and services with Bitcoin because most merchants deal in government fiat. I find this hard to believe. It's time to create a Bitcoin economy.
If a "taco stand on the side of a dirt road" can transact in Bitcoin why are Canadians & Americans so far behind? The answer is "necessity." Necessity drives adoption. When your government's currency has failed you, you will turn to other currencies. Will you act before it's too late?
Western governments are failing us and westerners are resisting Bitcoin because they are too stubborn to learn. I guess they prefer being slaves to hyper-inflated central bank currencies.
Learn about some of the reasons why we Bitcoin.