Robert Kennedy Jr: Government Could Ban, Seize Bitcoin — CBDCs Could Lead to Financial Slavery, Political Tyranny

Presidential hopeful Robert F. Kennedy Jr. has issued a informing regarding the Federal Reserve’s caller Fednow strategy and the imaginable risks of cardinal slope integer currencies starring to fiscal slavery and governmental tyranny. He additionally warned: “We should not beryllium unsighted to the evident information that this is the archetypal measurement successful banning and seizing bitcoin arsenic the Treasury did with golden 90 years ago.”

Robert F. Kennedy Jr. Warns astir Fednow and CBDCs

Lawyer and vaccine skeptic Robert F. Kennedy Jr. criticized the Federal Reserve’s Fednow strategy and cardinal slope integer currencies successful a tweet connected Wednesday — the aforesaid time helium filed paperwork to tally for president successful 2024. He is President John F. Kennedy’s nephew and U.S. Senator Robert F. Kennedy’s son.

“The Fed conscionable announced it volition present its ‘Fednow’ Central Bank Digital Currency (CBDC) successful July,” helium wrote, elaborating:

CBDCs grease the slippery slope to fiscal slavery and governmental tyranny.

Fednow is the Federal Reserve’s real-time gross colony (RTGS) strategy for instant payments. However, the Fed’s CBDC improvement is abstracted from Fednow, and Fed Chair Jerome Powell said past period that the cardinal bank’s CBDC enactment is inactive successful the early stages of experimentation.

“While currency transactions are anonymous, a CBDC volition let the authorities to surveil each our backstage fiscal affairs. The cardinal slope volition person the powerfulness to enforce dollar limits connected our transactions restricting wherever you tin nonstop money, wherever you tin walk it, and erstwhile wealth expires,” Kennedy’s tweet continues. “A CBDC tied to integer ID and societal recognition people volition let the authorities to frost your assets oregon bounds your spending to approved vendors if you neglect to comply with arbitrary diktats, i.e. vaccine mandates.”

“The Fed volition initially bounds its CBDC to interbank transactions,” Kennedy noted, warning:

We should not beryllium unsighted to the evident information that this is the archetypal measurement successful banning and seizing bitcoin arsenic the Treasury did with golden 90 years agone contiguous successful 1933.

“Watch arsenic governments, which ne'er fto a bully situation spell to waste, usage Covid-19 and the banking situation to usher successful a caller question of CBDCs arsenic a harmless haven from germ-laden insubstantial currencies oregon arsenic extortion against slope runs,” the statesmanlike hopeful concluded.

Numerous voices person cautioned against the national authorities launching a CBDC, including U.S. Representative Tom Emmer, who introduced the CBDC Anti-Surveillance Act successful February. U.S. Senator Ted Cruz precocious submitted a measure to prohibit the Federal Reserve from processing a direct-to-consumer CBDC, and Florida Governor Ron Desantis enactment distant a connection successful March to outlaw the usage of CBDCs arsenic wealth successful his state.

Do you hold with Robert F. Kennedy Jr. astir Fednow and the risks of the authorities launching a CBDC? Let america cognize successful the comments conception below.

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