Just weeks after the Canadian government ordered assets to be frozen for anti-vaccine mandate protestors, the Biden administration has now begun the process to destroy cryptocurrencies once and for all.
On Wednesday, Joe Biden signed an executive order to immediately begin an investigation into the concept of a “digital dollar” currency to compete with Bitcoin.
“We’re placing the highest urgency on the effort to assess the potential benefits and the risks of a digital dollar on payment systems, on financial stability, on national security, on the implications for human rights, and financial inclusion,” a senior administration official told reporters.
Notice the use of “human rights and financial inclusion.” Two concepts the Biden administration and the global cronies who work for him have virtually zero understanding of.
A digital dollar would be easier for the federal government of the United States to control than cash but make it more susceptible to inflation and government controls than open-source currencies like Bitcoin.
It would also be a convenient way for tyrannical governments to exact further control on private citizens.
Imagine a scenario where an online conservative violated “misinformation” laws on social media and ZAP — your entire life savings in “digital dollars” has just been seized by the federal government.
Bitcoin is trusted by users for not being susceptible to government control, allowing it to exist without government interference in changing the supply or seizing or freezing assets.
Biden officials stressed that the executive order marked the first time that the United States brought together “a coherent and coordinated view” on digital currencies “at the very highest level of government.”
As if that’s a good thing!
Biden officials stressed a digital dollar would help the United States compete with other digital currencies.
The Biden team revealed they had created “Crypto Sundays” events to coordinate with industry experts on moving forward to create the government’s own version of a digital currency.
One official defended the idea of a “digital dollar” in terms of social justice, noting that Americans “facing issues with financial inclusions” could use U.S. government currencies without the struggles of meeting certain requirements from big banks and credit card companies.
It’s fair to say that when federal governments begin uttering left wing talking points like “financial inclusion” paired with other social justice initiatives to describe fiscal policy, you can expect a hard road ahead.
Author: Sebastian Hayworth