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

[Swordsmyth]

Former President Donald Trump on Wednesday vowed to never allow the use of a Central Bank Digital Currency (CBDC), as it would "give the government absolute control over your money."

"This would be a dangerous threat to freedom – and I will stop it from coming to America. We are also going to put in place strong protections to stop banks and regulators from trying to de-bank you for your political beliefs. That will never happen while I am your president," Trump told a crowd in Portsmouth, New Hampshire - as first reported by The National Pulse.

Trump says he will prevent implementation of Central Bank Digital Currencies (CBDC) pic.twitter.com/vheJDn2HBg
— Bertman (@manofbert) January 18, 2024

Trump's comments come hours after Rep. Jim Jordan (R-OH) revealed that federal agencies have been flagging financial transactions using politically sensitive words such as "MAGA" and "Trump" in yet another egregious example of the establishment targeting political rivals.

As we've reported for years, CBDCs - touted by globalists such as French Central Bank deputy governor Denis Beau as "the catalyst for improving cross-border payments by enabling the build-up of a new international monetary system" - are in fact the ultimate tools of oppression.

Even Fed Governors know 'this way lies danger':

"In thinking about the implications of CBDC and privacy, we must also consider the central role that money plays in our daily lives, and the risk that a CBDC would provide not only a window into, but potentially an impediment to, the freedom Americans enjoy in choosing how money and resources are used and invested," Federal Reserve Governor Michelle Bowman told a Harvard Law School Program on International Financial Systems last year.

Central bank digital currencies are part of a broader "war on cash."

A cashless society is sold on the promise of providing a safe, convenient, and more secure alternative to physical cash. We’re also told it will help stop dangerous criminals who like the intractability of cash.

But there is a darker side – the promise of control.

The elimination of cash creates the potential for the government to track and control consumer spending. Digital economies would also make it even easier for central banks to engage in manipulative monetary policies such as negative interest rates.

More at: https://www.zerohedge.com/crypto/trump-vows-never-allow-central-bank-digital-currency

 

[Matt Collins]

Interesting. Hopefully he can be trusted on this issue.

 

[oyarde]

ya , we'll see

 

[Snowball]

Dsitributed Ledger and Wholesale Central Bank Settlement

Bitcoin was a dry run "with benefits". A soft run.

Publication Number WO/2020/060606

Human body activity associated with a task provided to a user may be used in a mining process of a cryptocurrency system. A server may provide a task to a device of a user which is communicatively coupled to the server. A sensor communicatively coupled to or comprised in the device of the user may sense body activity of the user. Body activity data may be generated based on the sensed body activity of the user. The cryptocurrency system communicatively coupled to the device of the user may verify if the body activity data satisfies one or more conditions set by the cryptocurrency system, and award cryptocurrency to the user whose body activity data is verified.

MICROSOFT TECHNOLOGY LICENSING, LLC

"And he shall make all, both little and great, rich and poor, freemen and bondmen, to have a character in their right hand, or on their foreheads. And that no man might buy or sell, but he that hath the character, or the name of the beast, or the number of his name. Here is wisdom. He that hath understanding, let him count the number of the beast. For it is the number of a man: and the number of him is six hundred sixty-six."

 

[Occam's Banana]

https://twitter.com/VivekGRamaswamy/status/1747807570025152996

//

 

[Occam's Banana]

Trump's comments come hours after Rep. Jim Jordan (R-OH) revealed that federal agencies have been flagging financial transactions using politically sensitive words such as "MAGA" and "Trump" in yet another egregious example of the establishment targeting political rivals.

↓↓↓​

But I'm supposed to give a damn that Trump kept some papers that he might oughtn't have?

Or that he got pissy on the phone with some bureaucrats?

Yeah, no. Fuck that penny-ante bullshit!

https://twitter.com/JoeBiden/status/1565492666120523778

Biden admin flagged financial transactions containing terms 'MAGA,' 'Trump'
Financial Crimes Enforcement Network urged financial institutions in the wake of January 6, 2021 to look through customers' transactions, using search terms like "Trump" and "MAGA."
https://thepostmillennial.com/break...cial-transactions-containing-terms-maga-trump
{Hannah Nightingale | 17 January 2024}

[bold emphasis added - OB]

The Select Subcommittee on the Weaponization of the Federal Government has revealed that the Financial Crimes Enforcement Network (FinCEN), a bureau of the United States Department of Treasury, urged financial institutions in the wake of January 6, 2021 to look through customers' transactions, using search terms like "Trump" and "MAGA"

The letter from the Select Subcommittee on the Weaponization of Government and the Committee on the Judiciary have obtained documents indicating that following January 6, 2021, the Financial Crimes Enforcement Network (FinCEN) "distributed materials to financial institutions that, among other things, outline the 'typologies' of various persons of interest and provide financial institutions with suggested search terms and Merchant Category Codes (MCCs) for identifying transactions on behalf of federal law enforcement."

These search terms included "Trump," and "MAGA."

A "prior FinCEN analysis" warned financial institutions of "'extremism' indicators that include 'transportation changes, such as bus tickets, rental cars, or plane tickets, for travel to areas with no apparent purpose,' or 'the purchase of books (including religious texts) and subscriptions to other media containing extremist views'"

"In other words," Jim Jordan, chair of the committee wrote, "FinCEN urged large financial institutions to comb through the private transactions of their customers for suspicious charges on the basis of protected political and religious expression."

[...]

 

[TheCount]

Oh wow he vowed it?

 

[Occam's Banana]

https://twitter.com/JasonBassler1/status/1748100106535268497

 

[Swordsmyth]

https://twitter.com/JasonBassler1/status/1748100106535268497

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.
[MENTION=2]Bryan[/MENTION]

 

[acptulsa]

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.
[MENTION=2]Bryan[/MENTION]

Digital currencies have nothing to do with "crypto"?

Did you bother to look up the definition of the word before you used it? Obviously not.

 

[Swordsmyth]

Digital currencies have nothing to do with "crypto"?

Did you bother to look up the definition of the word before you used it? Obviously not.

Crypto is not a state currency, that's what makes it crypto and not just currency.
But even if it was currency this is far more about politics than it is about the currency and there is no excuse for moving it.
The agenda to try to hide a story beneficial to Trump in a section most people don't read is obvious.

 

[acptulsa]

Urban Dictionary says, "Crypto is a short name for cryptocurrency. A cryptocurrency is a digital asset that can be purchased on any cryptocurrency exchange."

I don't see anything there about changing the name depending on who sets it up. Nothing.

As for whether categorizing topics and keeping like topics together for easier reference, now and in the future, is of some person or another not the person this forum was founded to support, whether this is a real advantage/disadvantage or just something you dreamed up in your fevered imagination, who the fuck cares?

 

[Swordsmyth]

Urban Dictionary says, "Crypto is a short name for cryptocurrency. A cryptocurrency is a digital asset that can be purchased on any cryptocurrency exchange."

I don't see anything there about changing the name depending on who sets it up. Nothing.

As for whether categorizing topics and keeping like topics together for easier reference, now and in the future, is of some person or another not the person this forum was founded to support, whether this is a real advantage/disadvantage or just something you dreamed up in your fevered imagination, who the $#@! cares?

Official currencies are not purchased at exchanges, they are the medium of purchasing.
A CBDC is not crypto and this move was clear mod abuse taking a topic from the original valid section to an obscure section that has to have its definition stretched in order to accommodate it when there was zero reason to move it from the more applicable section.

 

[acptulsa]

Official currencies are not purchased at exchanges...

They aren't?

You sure about that?

 

[Dr.3D]

Crypto currencies are mined, Central Bank Digital Currency is fiat numbers in a computer.
Not mined.
If CBDC was mined like a crypto currency it might have some value.

 

[Invisible Man]

Who honestly thinks he has the slightest intention of keeping this promise?

 

[Invisible Man]

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

How is putting it in one forum versus another hiding it?

 

[Dr.3D]

How is putting it in one forum versus another hiding it?

People wouldn't think about looking in a crypto currency forum to see if the government is trying to mandate a fiat digital currency.

 

[Invisible Man]

People wouldn't think about looking in a crypto currency forum to see if the government is trying to mandate a fiat digital currency.

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.

 

[GlennwaldSnowdenAssanged]

I couldn't find this thread. That is why I am not typing this message.