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Showing posts with label Jose Nino. Show all posts
Showing posts with label Jose Nino. Show all posts

Friday, October 28, 2022

Central Bank Digital Currency: bad idea


At Big League Politics (Oct 26), Jose Nino reported:

During an interview on CoinDesk TV, Connecticut Congressman Jim Himes said that the United States government should create a central bank digital currency (CBDC). He believes the US must do so in order to not be “left behind.” 

Countries such as Australia, China, Japan, and Russia have rolled out pilot projects to test run CBDCs.

Himes stated that the US should get the ball rolling on developing a CBDC so that “we’ve got the option to move forward” when it comes to competing wit’s other great powers using similar currencies.

. . . [BUT, as Mr Nino comments]

CBDCs are just another way globalists want to take control of people’s economic livelihood. While technology can enhance people’s lives, it can also be used as a way to exert control over them.

. . .

Instead there should be the promotion of a separation of central banking and state through legislation that allows for competing currencies to operate freely in the marketplace. 

The solution to these economic issues ultimately lies with mechanisms that promote more economic freedom as opposed to economic control. 

Read the full report here. Another wrecking ball if this plan succeeds.

RELATED headline: "New British Prime Minister Rishi Sunak is World Economic Forum Globalist, Pushing Banker-Controlled Digital Currency"

 


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