RFK Jr. Issues Dire Warning Over CBDC Adoption \ stacker news ~econ

RFK Jr. Issues Dire Warning Over CBDC Adoption www.zerohedge.com/political/rfk-jr-issues-dire-warning-over-cbdc-adoption

1234 sats \ 14 comments \ @siggy47 25 Mar econ

The government used facial recognition systems and other intrusive technologies to identify the participants, all the truckers. They got their license plates, etc. And then they froze their bank accounts. So they couldn’t get diesel for their trucks, they couldn’t buy food for their kids, they couldn’t pay for their education, they couldn’t pay their mortgages.”

It occurred to me that transactional freedom is as important as freedom of the press. If you have freedom of speech in the First Amendment, and yet when you exercise that speech, the government doesn’t like it, they can starve you to death, they can throw you out of your home because you can’t pay your mortgage or your rent, then that is meaningless.”

It was just they were doing something the government didn’t like. The government was able to destroy their lives, and that is a very dangerous power to give government.

I'm done with politics and politicians, but I gotta give the guy credit. Damn good speech.

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97 sats \ 6 replies \ @Enemy_of_the_state 25 Mar

Yeah he’s halfway down the rabbit hole. Maybe more, but can’t say the quiet part out loud.

Governments are too incompetent to have a working CBDC any time soon. If they do somehow, maybe next decade, that will be the singularity moment for Bitcoin!

33 sats \ 3 replies \ @Undisciplined 25 Mar

Governments are too incompetent to have a working CBDC any time soon.

This is what I've been trying to tell people. The manpower, expertise, and incentives just aren't there, for the most part. People assume there's much more competence in the government than there really is.

I know lots off government economists and most of them have never even heard of CBDC's, that's how out of touch they are. And, it's not like there are a bunch of new graduates who did their dissertations on it.

If they role out a CBDC it'll be a bigger failure than the Obamacare website.

210 sats \ 2 replies \ @kepford 25 Mar

Yep, you have nailed it again @Undisciplined. What I expect is some government legislation banning it or something dumb like that. That will get some votes from those that haven't figured the scam out.

I don't recall which economist I heard say this but they were talking about how in some ways we already have CBDCs or a softer form of them. If you look at the Visa network, the credit scoring system, and the FedWire system it would not be a huge leap for private sector tools to be introduced somewhere in the existing system to offer more real time tracking of spending.

One issue I see with the fear about CBDCs today is that we are already further down the road than we realize. The existing systems aren't under direct gov control but they are very close to it. A better focus would be to fight what is here today. The censorship of transactions. The near universal use of credit scoring platforms.

If CBDCs are introduced I doubt there will be some choice offered. They would just be added to the mess of existing systems and if we are using these systems we will be using the CBDCs. I think RFK is just pandering here. I don't trust him.

33 sats \ 1 reply \ @Undisciplined 25 Mar

I agree that a fascistic public-private partnership is way more likely. We're seeing that these arrangements standup to legal scrutiny better than outright government actions.

21 sats \ 0 replies \ @kepford 25 Mar

Yep

0 sats \ 1 reply \ @Lumor 25 Mar

What they did to the truckers is already bad enough without the full CBDC stamp.

100 sats \ 0 replies \ @SpaceHodler 25 Mar

Now they're doing something similar in Iran.

https://www.iranintl.com/en/202403111235

152 sats \ 0 replies \ @k00b 25 Mar

Dang, I missed him at UT.

81 sats \ 0 replies \ @BitcoinIsTheFuture 25 Mar

Yup this is the next big political topic! We are armed and ready to go!

76 sats \ 0 replies \ @watchmancbiz 26 Mar

Yep! TI here! I know it all too well! been speaking controversial truth before my time for 14 years now. Could write several books one day about all the persecution & harassment I've received just speaking The Truth.

You may find this interesting. My media ministry has covered CBDC's in depth for quite awhile now ...

https://biselliano.info/2023/08/15/ea-truth-radio-welcomes-back-the-reawaken-america-tours-clay-clark-discussing-brics-nations-digital-currency-the-great-reset/

76 sats \ 0 replies \ @030a29f333 25 Mar

Hope he can be shown the light with stuff like nuclear energy and Bitcoin being unique. Seems to be among the best of the worst as far as politicians go

76 sats \ 1 reply \ @riberet19 25 Mar

Here in Europe, we are very close to the arrival of the CBDC of the digital euro, I do not understand how this can be happening, but I sincerely hope that people realize before or after it arrives and migrate to Bitcoin, I think a real war between CBDC and Bitcoin will take place in the near future.

0 sats \ 0 replies \ @Enemy_of_the_state 25 Mar

I don't think it would be much of a war. How could it possibly?

People are going to choose Simoleons over real money?

If they do, the Cantillionaires, along with Bitcoin holders, will extract their wealth.

0 sats \ 0 replies \ @OneOneSeven 25 Mar

He just needs to dump his shitcoins