in case you've been wondering about the digital dollar that the rumor mills are full of, here is a presentation on the subject that covers a good bit of it, though not all;
I told my readers several weeks ago about how Joe Biden and the Fed’s plan to develop the digital dollar is moving from the research stage to the development stage.
Well, the Biden administration has recently released the first-ever framework for developing a U.S. central bank digital currency (CBDC) system. In other words, “Biden Bucks” is getting closer to becoming a reality for us all.
(I like to call them “Biden Bucks” because I want him to take full credit for what I consider to be a crime.)
Essentially, I believe the U.S. dollar, the standard of the world since 1792, will be replaced by a new currency, the digital dollar. It’ll also have the full backing of the Federal Reserve.
What’s this mean for you? I’ve argued it before but I can’t say it enough…
It would basically subject your money to government control. “Biden Bucks” would create new ways for the government to control how much you could buy of an item, or even restrict purchases altogether. That’s because the government would keep score of every financial decision you made.
Nowhere to Hide
Imagine if the government decides that gasoline needs to be rationed to further advance the climate change agenda?
Your “Biden Bucks” could be made to stop working at the gas pump once you’ve purchased a certain amount of gasoline in a week. How’s that for control?
And in a world of “Biden Bucks,” the government will even know your physical whereabouts at the point of purchase. Also, if you give donations to the wrong political party or make purchases the government doesn’t like, maybe the IRS will take a sudden interest in you.
Who wants to be subjected to an IRS audit?..........more.........