This story was originally published by the WND News Center
(WND News Center) – Of the many horrors introduced by the Biden administration – open borders inviting millions of unvetted illegal immigrants, including human traffickers, criminals, and terrorists; untold quantities of fentanyl and other dangerous drugs flooding the nation; shutting down pipelines and otherwise making our nation energy-vulnerable; inflation due to rampant money printing – one of the most horrifying is coming down the pipeline.
In Biden’s vision, digital currency will “advance democracies to lift people up, not to hold them down.” Naturally, digital currency is being offered as a “solution” to problems we never realized we had. It’s touted as far more efficient, easy, environmentally beneficial and even more sanitary than paper currency. With digital currency, gone are the troublesome days when cash must be printed or minted. Now the government can flood the system with untold trillions of digital dollars at the push of a button. Now that’s efficiency!
But despite whatever pretty words they use, there is no question digital currency is a horror show waiting to happen.
There are many risks. Digital currency would be vulnerable to hacking, technological glitches and power outages. Any hiccup in the system would mean your funds are not available “at this time.” When regional disasters happen (such as Hurricane Ian) with widespread power outages, no one in the affected areas would be able to exchange currency, adding additional distress on top of existing misery.
When traditional currency is phased out, everyone will suffer. You can no longer tip your hairdresser or drop a few bucks into a homeless person’s cup. You can no longer sell unneeded items at a yard sale or send your grandkid a $10 bill in a birthday card.
Bitcoin expert Anthony Pompliano calls digital currency “one of the greatest violations of human rights in history.” He writes:
Once a central bank digital currency is in the hands of a population, the central bank has solidified complete control. They will no longer have to go to the court system or invoke emergency powers to tell you who you can transact with. This can all be implemented through remote, digital technologies. These central bankers will be able to see what is in your bank account, who you transact with, what you purchase, and anything else they are curious about in your financial life. That full transparency with the state removes all elements of privacy, while also giving the institutions the ability to censor any and all transactions, regardless of whether they have a legitimate reason or not.
No wonder the current administration is slavering to introduce the so-called “Biden Bucks.”
Increased government control over the monetary system goes hand-in-glove with the social score concept famously wielded by the Chinese Community Party and rapidly being adopted in other nations, including America.
Anything and everything that requires an exchange of currency can be monitored, and transactions can be denied for such things as firearms, meat, or other (currently) legal but politically incorrect purchases. Already the World Economic Forum is launching a coalition to reward people with “carbon credits” for using fewer resources. Digital currency makes this all possible.