In recent times, there has been growing concern about the impact of CBDCs on privacy, individual sovereignty, and free market competitiveness. While advocates of digital currencies see them as a step towards financial innovation and inclusivity, others worry that they could lead to new forms of enslavement and control. In this article, we explore who and how helps us fight against it.
Did you hear about Tom Emmer's proposed bill? He wants to block the Federal Reserve from creating a digital currency because there’s a chance CBDCs could enslave people who don't own assets outside of the traditional financial system. I mean, we get it. Who wants to be a digital slave? But maybe we should worry more about being actual slaves to our jobs, are we right?
Emmer's concerns are not new. For a long time, advocates of privacy and freedom have expressed similar worries about CBDC, we are very vocal about that as well. While crypto is an option, note that individuals can also buy gold as a hedge against CBDC. However, it's crucial to keep in mind that gold must be physically stored; otherwise, access to it can be denied.
But Emmer isn't just worried about our privacy. He also wants to make sure that any digital version of the dollar upholds American values, like individual sovereignty and free market competitiveness. Because, you know, nothing screams "freedom" like a digital currency controlled by the government.
And let's not forget that the US likes its global dominance, so it's not keen on letting other countries move away from the dollar. I mean, who wants to lose their spot at the top of the financial food chain? It's like playing Monopoly, but instead of hotels on Boardwalk and Park Place, we have nuclear weapons and sanctions.
As we look toward the future of finance and the potential implementation of CBDCs, it's crucial to keep an open mind and continue the conversation about their impact on our values and freedom. But let's also remember to remain vigilant and proactive in protecting our individual sovereignty and privacy. After all, being enslaved by a digital currency controlled by the government is not something we want to see happen. So, let's keep our eyes on the prize and work towards a future that balances innovation and inclusivity with individual freedom and sovereignty.
