'We should not have to worry about big brother, or in this case, Uncle Joe, looking over our shoulders every time we make a purchase. Giving the federal government this much power over our transactions will decimate our liberties.' -RepMarkGreen
FedNow allows people to “send instant payments through their depository institution accounts,” giving a direct line from the centralto individual people. This means the federal government could potentially track every transaction and even prevent transactions with which it disagrees. The Fed promises this program will increase “expedience and availability.” Yet sacrificing our financial autonomy for expediency is nowhere near an equal trade.The same can be said of a CBDC.
There’s no question that this is about the far Left’s ambition for more power. CBDCs are about containment, surveillance, and control. The creation of a CBDC would give the governmentaccess to our personal financial information, including information about what we buy or what causes we support. I don’t want the government monitoring what I pick up at the grocery store, much less which organizations I give my charitable contributions to.
The World Economic Forum, too, is actively promoting the use of CBDCs, even saying the quiet part out loud: This system will give the government control over all transactions.
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