What a week! Before being accused of Trumpcheerleading, the elephant in the room must be acknowledged: the Federal Reserve, its role in the inevitable boom-bust cycle, and Trump’s evolving stance on tariffs.
Nonetheless, last week we saw Ross Ulbricht released, pardons granted for J6 offenders, the JFK, RFK, and MLK files will be declassified, the Tik Tok ban postponed, America pulled out of the Paris Climate accord and World Health Organization, and US foreign assistance was suspended; the list is vast. Considering the world’s state of affairs, a focus on domestic over foreign issues and aid does seem more imperative.
America could benefit from focusing on issues closer to home.
Yet, many may never be aware of one of the biggest wins, which by executive order banned Central Bank Digital Currencies (CBDC), as it was written:
…any ongoing plans or initiatives at any agency related to the creation of a CBDC within the jurisdiction of the United States shall be immediately terminated, and no further actions may be taken to develop or implement such plans or initiatives. The only thing more dangerous than a central bank is a central bank with its own crypto currency. It would bring society one step closer to a cashless society, allowing more avenues for the Federal Reserve to inflate the money supply while executing other nefarious acts such as payment tracking or even freezing currency altogether.
It looks like we may have dodged the CBDC bullet, unlike the ungrateful Russians: #867938 . It seems that the Russians are getting biometric ID as well as an account at the bank. This is the lead in to slavery CBDC for them. To think, this could have happened to us. I think that this may have been one of the most important things that Trump did in his first week. I only hope he can keep it up.