Trump Vows To "Never Allow" A Central Bank Digital Currency

[Dr.3D]

That's not how finding threads works. None of us saw this because we came to this website to see if the government was trying to mandate a fiat digital currency, nor would we have regardless which forum it was in.

But if they were not interested in crypto, they would skip right over it if it was a thread about crypto.

 

[Invisible Man]

But if they were not interested in crypto, they would skip right over it if it was a thread about crypto.

I guess that could happen. If I'm on a PC I just go straight to new posts, and see thread titles without even knowing which forum they're in. But on my phone I don't think that works, unless I'm doing it wrong.

Either way, I think Swordy was making a mountain out of a molehill. Trump decided to float a trial balloon to see if there were enough people who react to this particular line to make it worth his while to keep pandering to them. It's not something he cares about or would have given a second thought about if somebody else hadn't suggested it to him. Once elected, this promise will go the way of "lock her up" and "Mexico's going to pay for it."

 

[Brian4Liberty]

Pure genius! Trump is so much better now that Ramaswamy is feeding him lines.

 

[GlennwaldSnowdenAssanged]

Pretty soon the Ramaswamy haters, Trump lovers, will be Ramaswamy lovers.

 

[acptulsa]

Pure genius! Trump is so much better now that Ramaswamy is feeding him lines.

He has upgraded the script considerably in a very short time.

 

[Occam's Banana]

Nice job trying to hide this in the Bitcoin/Crypto forum, this has nothing to do with bitcoin/crypto and everything to do with US politics where I put it.
Your bias is clearly on display and you are abusing your mod powers in favor of it.
@Bryan

Apparently, I have "hidden" your thread so well that it has gained twice as many replies in the 4 hours since you posted this than it did in the preceding 27 hours since the thread was started (or even more, if one counts since the thread was moved).

Maybe you should be asking me to "hide" more of your threads.

 

[Occam's Banana]

CLIP from SYSTEM UPDATE #214:

Trump Rejects Tyrannical Digital Currency—What Are CBDCs? w/ Saifedean Ammous
https://rumble.com/v480c5u-trump-rejects-cbdcswhat-are-the-risks-w-saifedean-ammous.html
{Glenn Greenwald | 19 January 2024}

​

 

[Swordsmyth]

Apparently, I have "hidden" your thread so well that it has gained twice as many replies in the 4 hours since you posted this than it did in the preceding 27 hours since the thread was started (or even more, if one counts since the thread was moved).

Maybe you should be asking me to "hide" more of your threads.

You and I both know it is the eyes of the casual lurkers who don't read everything posted in every section that you are trying to hide this from.
That's why you moved the other thread from US politics even though it had always been in US politics until I posted this Trump info in it.

 

[pmbug]

FWIW, DeSantis is also against CBDCs and he's actually got some policy experience to prove it. Florida was the first state in the union to ban CBDCs. There is a 10th amendment challenge on this issue brewing as other states are working on passing similar bans.

Florida Governor Ron DeSantis signed a bill last week to ban central bank digital currencies (CBDCs) in the Sunshine State—and now others appear to want to follow in his footsteps.

Currently, Louisiana, Alabama, Texas and North Dakota have all drafted bills opposing a digital dollar.
...

https://decrypt.co/140505/ron-desantis-banned-cbdcs-in-florida-these-states-could-be-next

Latest developments:

https://www.pmbug.com/threads/states-exclude-cbdcs-from-recognition-as-money.6842/

Sen. Mike Lee also has introduced the No CBDC Act at the Federal level:

Sen. Lee Fights Central Bank Digital Currency
March 24, 2023

WASHINGTON – Sen. Mike Lee (R-UT) reintroduced legislation to prevent the Federal Reserve from reshaping the U.S. financial sector and having the ability to monitor consumer transactions. The Fed, with encouragement from the Biden Administration, has begun to develop a central bank digital currency (CBDC), a digital asset, minted, issued, and controlled by them, that would alter the ability of financial institutions to function as lenders, while giving the federal government knowledge of every purchase that uses a CBDC. Financial institutions could no longer offer loans – or at the very least would be significantly restricted in doing so – since they would bear no risk for a deposit; they would function merely as wallets, holders of a CBDC – and as such, could not extend deposits to prospective borrowers in the form of loans. Lastly, the Federal Reserve would have knowledge of every transaction involving a CBDC; if it maintains the technology to create and operate a CBDC, it will know how it is used.

Of the bill, Sen. Lee said, “The United States doesn't need to create a Central Bank Digital Currency to know it is a bad idea. We've seen this play out in China with the digital Yuan. In early trials, China canceled its citizens' money after a set period, forcing Chinese citizens to spend their savings at the compulsion of the government. My bill protects Americans from a similar intrusion by prohibiting the Federal Reserve or any federal government agency from minting or issuing a CBDC, whether through a direct-to-consumer or intermediated model.”

Nicholas Anthony and Norbert Michel of the Cato Institute mentioned in a recent report, “The case against central bank digital currencies (CBDCs) grows stronger by the day … CBDCs put the future of financial privacy, freedom, and markets at risk, and these bills would provide much needed safeguards against the United States issuing a CBDC. Senator Lee’s bill would establish clear boundaries for not just the Federal Reserve (Fed), but also the Department of the Treasury (Treasury). Time and time again, Fed Chair Jerome Powell and former-Vice Chair Lael Brainard have skirted questions on the Fed’s authority to issue a CBDC. Likewise, the Treasury seems to have taken the lead: on pushing CBDCs forward under the Biden administration. Considering these developments, it’s clear that Senator Lee’s approach is indeed warranted.

“These bills would establish some much-needed checks on the federal government’s efforts to launch a CBDC. The potential consequences of a CBDC are simply too large to be left up to the discretion of unelected bureaucrats at the Fed or the Treasury. It’s a decision that should rest with Congress.”

https://www.lee.senate.gov/2023/3/sen-lee-fights-central-bank-digital-currency

CATO commentary:

https://www.cato.org/blog/senator-lee-pushes-back-cbdcs

S.967 (the ‘‘No Central Bank Digital Currency Act’’ or the ‘‘No CBDC Act’’):

https://www.congress.gov/bill/118th-congress/senate-bill/967

 

[WisconsinLiberty]

Trump Announces Opposition to Central Bank Digital Currency

Trump Announces Opposition to Central Bank Digital Currency

The New American
January 18, 2024


During his speech last night in Portsmouth, New Hampshire, former President Donald Trump announced he would not allow a central bank digital currency (CBDC) to be implemented if elected president.

Trump stated, “Tonight I’m also making another promise to protect Americans from government tyranny, as your President I will never allow the creation of a central bank digital currency…. I didn’t know you know so much…. New Hampshire very smart people, very current.” The New Hampshire crowd applauded immediately after Trump’s announcement.

Video:
https://www.youtube.com/watch?v=ikYGVUleVw4&t=3623s


A federally regulated CBDC, unlike Bitcoin and other cryptocurrency, allegedly would allow the federal government to easily freeze citizens’ bank accounts, similar to Canada freezing protesters’ bank accounts in 2022. Trump stated, “you know what they’re doing, such a currency would give a federal government, our federal government the absolute control over your money, they could take your money, you wouldn’t even know it was gone. This would be a dangerous threat to freedom, and I will stop it from coming to America.”

In an appearance on Jesse Watters’ show on Fox News Tuesday, Vivek Ramaswamy mentioned that he spoke with Trump backstage at his Atkinson, New Hampshire, rally, saying, “We talked about a number of issues backstage which I have actually championed in this race that I do think would be beneficial to the America First movement for President Trump to take on, and I think he was very amenable to many of them. Opposition to a central bank digital currency.”

After Trump’s announcement at the Portsmouth, New Hampshire, rally, Vivek posted on X, saying, “I respect immensely President Trump’s openness to putting the right ideas into action. May the next 4 years be an American renaissance ahead of us.”


Flashback:

U.S. Central Bank Digital Currency: Threat to Americans’ Core Freedoms

The Shackles of Central Bank Digital Currency
Central bank digital currency is the latest craze among government elites. If it’s not resisted, this programmable money could signal the demise of financial freedom.

 

[Brian4Liberty]

You and I both know it is the eyes of the casual lurkers who don't read everything posted in every section that you are trying to hide this from.
That's why you moved the other thread from US politics even though it had always been in US politics until I posted this Trump info in it.

Yeah, because moving threads to appropriate sub-forums is all about you. Pretty sure Trump won't win the primary now because this thread was moved.

 

[acptulsa]

Pretty sure Trump won't win the primary now because this thread was moved.

Well, if Trump does win the next primary, I'm sure Swordy will be terribly disappointed.

 

[Occam's Banana]

You and I both know it is the eyes of the casual lurkers who don't read everything posted in every section that you are trying to hide this from.

LMAO

That's why you moved the other thread from US politics even though it had always been in US politics until I posted this Trump info in it.

Congratulations on your discovery that mods are not omniscient beings who never miss anything.

(And thanks for bumping that thread so it could moved to where it belongs.)

 

[Swordsmyth]

Yeah, because moving threads to appropriate sub-forums is all about you. Pretty sure Trump won't win the primary now because this thread was moved.

US politics was the appropriate section, both because it is about Trump's campaign promise and because there are lots of other CBDC articles there that were not moved. (it was not an oversight, there are too many for that, keep moving them here and you will look more and more ridiculous trying to pretend they don't belong in US politics)

Even if CBDC articles belonged here (and they don't, I'm not the only person saying CBDCs are not crypto), USPolitics was a perfectly valid place to put it and it should not have been moved, the only reason it was moved was to put it in a less visible section.

TDS is incapable of stopping Trump, that's not the point, it's the principle of moderator abuse.
Are you guys going to go full Reddit/Facebook mod on us now?

 

[acptulsa]

Are you guys going to go full Reddit/Facebook mod on us now?

Oh, the poor baby was banned! Awww...

Wait, if you're banned, why am I having cheese and getting drunk on your whine first thing this morning?