CBDCs in America

CBDCs in America

Thomas Jefferson would turn in his grave.

“If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around [the banks] will deprive the people of all property until their children wake up homeless on the continent their fathers conquered. The issuing power should be taken from the banks and restored to the people, to whom it properly belongs.” Thomas Jefferson.

The words of Thomas Jefferson are as important today as they were in the eighteenth century. I have taken the liberty of updating them to reflect the realities of 2024.

A rewrite for 2024

“If the American people ever allow centralized digital control (CBDC) of their currency by the government and banks, those institutions will deprive the people of economic independence and property rights until their children wake up homeless on the sidewalks of the country their fathers fought and died for. The power to issue and control currency should be taken away from banks and the government, who have abused it, and restored to the people where it rightfully belongs. Bitcoin’s purpose is to do just that by decentralizing the issuance and distribution of currency, placing freedom and control back into the hands of the people.”

CBDCs want to constrain the freedom of money. “ The Age of Surveillance Capitalism “ was authored by Shoshana Zuboff. CBDCs take it to a whole new level of evil.

The US government has proven they are incapable stewards of fair and equitable distribution of wealth and prosperity. Yet they still fight to maintain tighter control over money and subversive control of people, as cautioned by Jefferson, so in the early 1800s, as one of the key Founding Fathers and the third President of the United States made his prophetic warning our world did not have the benefit global distributed technology. Other distinguished Presidential leadership raised similar warnings; Lincoln, Garfield, Roosevelt, and Kennedy also cautioned against ceding control to centralization.

We could go back to horses?

Just as the technologies of the past opened new possibilities in travel and connectivity, the technologies of today have unleashed innovations in global finance and currency. In the 1800s, one could not sail from New York to London in mere hours, much like a decentralized digital currency free from state and bank intervention did not exist. Yet later innovations enabled rapid transatlantic travel, just as modern cryptography and blockchain make feasible permissionless global money like Bitcoin beholden only to mathematics and code.

It would make little sense today to rely on sailing ships for international business travel instead of flying, just as it limits possibilities to depend solely on centralized, government controlled fiat currencies rather than adding newly emergent platforms like Bitcoin to our menu of monetary options. As ground and air transport complement seafaring ships, centrally managed legal tender can coexist with mathematically governed digital assets, but the growth potential lies in embracing the future’s widening technological horizons.

When a government seeks to limit or exercise outsized control over technology, what keeps them from pushing that control to other issues that impinge on our freedoms, like freedom of speech, the right to bear arms or control of our reproductive systems? You can push back in a very real and tangible way. No, not voting; 2024 is going to be a cluster fuck even if it is executed with 100% precision and integrity. I am talking about something you can do today. Buying even a small amount of Bitcoin says to the overlords of the US currency monopoly that you want a choice.

Don’t worry. The US dollar will not disappear tomorrow, and Jeffery Epstine’s banker can still make his yacht payments. The old money machine will continue to sail along until it is relegated to the banking museum of yesterday. It will likely take a generation before the naysayers stop crying wolf. However, your Bitcoin purchase of $1 or $10,000 will send a message.

Now, if you really want to get active, you can do more than just vote with your dollars. Start asking questions. Why has Bitcoin, which was $0 fifteen years ago, now been embraced by Wall Street and quickly approaching $50,000 in value? Why is the Bitcoin network considered the most secure network on earth, bar none? Why do the government and banks hate Bitcoin so much? Take some time to learn the facts and separate the bull shit from the truth. It is available on the internet, youTube has great videos, Princeton has a course as does MIT, or for a real blast, see the Michael Saylor” Academy, where a wealth of information on many topics can be found. Here’s a link to Bitcoin information you can trust.

Bitcoin has technical, financial, monetary, cultural, and geopolitical attributes. It has many faces, but like many others have learned, once you understand one aspect, it draws you in based on what is important to you. So, even if you don’t want to spend a dollar, don’t miss out on understanding history in the making. Bitcoin is a revolution, bigger than any bank or country. While the small-minded would have you think they can do better with a private or government digital currency, don’t fall for the ruse.

The Anti-Money Laundering Act, written by the banking industry and pushed by Elizabeth Warren, has nothing to do with protecting against money laundering and everything to do with outlawing Bitcoin. Full of misinformation and completely unenforceable, it would cripple America’s lead on the technology of money and possibly push it offshore to one of our not-so-friendly global neighbors.

So you have to ask yourself if this Bitcoin thing that Wall Street has bought into and Mainstreet is catching on to is real. Do we want to be followers or leaders in this space? Because if Global Money is real, then our leaders need to lead, not tuck tail and run.