Have you heard of Big Brother’s Digital Dollar or the Central Bank Digital Currency (CBDC)? Up until now, Big Brother’s Digital Dollar has been nothing but a headline. But things are developing at a rapid pace.
The Biden administration is currently exploring ways to use it to further weaponize the financial sector. The introduction of CBDC could increase the surveillance and control of Americans.
This would mean Big Brother surveillance and control on a high level!
Have you ever thought about what a cashless society would mean? It’s a world where there are:
- No cash for garage sales
- No tooth fairies or rainy-day savings
- No more meters
- No more handing out change to the homeless, street performers, or musicians
- No storing cash at home in case of a rainy day
- And the list goes on…
Worst of all, everything you purchase would be trackable! Scary, right?
Let’s take a closer look at what Big Brother’s Digital Dollar is and what this means for Americans.
What Is Big Brother’s Digital Dollar Or CBDC?
Big Brother’s Digital Dollar or the Central Bank Digital Currency (CBDC) is a digital version of government-backed fiat money that is issued by a central bank and can be used as legal tender. Unlike traditional currency, a CBDC is not dependent on third-party intermediaries like commercial banks.
According to the Federal Reserve, its benefits include greater financial inclusion, fewer transaction costs, improved monetary policy control, and enhanced security.
CBDCs have the potential to bring unbanked populations into the financial system, give central banks real-time data to fine-tune monetary policies and provide a more secure alternative to cash transactions.
At least, that’s how they will promote this digital dollar…
FedNow Has Already Begun – What Does This Mean?
The US government is implementing a pilot program, called FedNow, that will make it possible for businesses and individuals to engage in instant payments.
The certification process for this program will start in April and it is planned to launch in July. While this isn’t exactly a Centralized Bank Digital Currency (CBDC), it’s still a streamlined system that can accelerate the payment process.
But what does that mean to Americans and their freedom?
The Threats Of Big Brothers Digital Dollar Or CBDC
A Central Bank Digital Currency would involve a handful of large banks, such as the Bank of America, working alongside the Federal Reserve to closely regulate the money supply flow up to the tiniest fraction.
Essentially, this would mean that the Fed would possess the knowledge on where exactly the money goes, and when it does.
Considering the aspects of Big Brother’s Digital Dollars, it offers a better solution to quantitative easing or tightening, something the Federal Reserve would appreciate. If the goal is to encourage spending, the Federal Reserve could easily distribute money into your bank account, and if it intends to discourage saving, it could implement expiration dates.
However, it’s worth noting that big-money lobbyists would attempt to secure their fees in such a scenario. Use it or lose it. It’s financial enslavement with fewer steps.
Overall, Big Brother’s Digital Dollars (CBDC) threatens:
- Personal Privacy
- Economic Freedom Through Government
- Sanctioned Surveillance
- Community Financial Institutions
- FinTech Innovation
- Access to Goods and Services by Limiting Purchases
- And more!
The bottom line is that CBDCs will be an assault on your freedom and a direct attack on the Fourth Amendment.
Besides, the IRS will like the Big Brothers Digital Dollar because they will know how much you owe and could debit or refund money to your personalized digital account.
How To Protect Your Wealth From Big Brother’s Digital Dollar
If you don’t like the idea of this financial surveillance and enslavement, you can take action to protect your wealth.
Some people are turning to gold and silver as a way to protect their savings. Others turn to digital assets like Bitcoin and Ethereum, which like precious metals, stand outside of the financial system.
Millionaire investors, and alike, like precious metals because gold and silver aren’t beholden to national borders, religions, or politics. They’re pretty much an accepted currency everywhere as well.
Robert Kiyosaki says it best, “A person may not like someone else’s religion, but he’ll accept his gold.”
Other investors believe in cryptocurrencies because, just like precious metals, they are a reliable long-term store of value and also have a limited supply. For example, Bitcoin has a finite supply of 21 million coins, making it a scarce asset, which has attracted investors looking for an alternative to traditional investments.
According to a recent study by Money Consult, 63% of people invested in crypto because they wanted to make money, and 44% of the 830 crypto owners surveyed in June said it was to diversify their portfolios. Plus, 43% said they believe crypto is the future of money.
What’s your reason? We would love to hear what you believe is the best asset to invest in right now in the comment section below.
With that said, if you’re curious to learn more about how to protect your wealth, you can get a >>>FREE 2024 Wealth Protection Kit.
Or you can request this >>>Free Digital IRA Guide if you’re leaning more towards cryptocurrencies.
This will help you discover how to protect a portion of your savings from the effects of inflation, plus both options are 100% tax and penalty-free!
Conclusion
No matter the outcome, it’s always better to take action, be prepared, and protect your hard-earned savings. When it comes down to it, it’s all about portfolio diversification and trying to invest in several asset classes to cover all bases.
We hope this article helped you realize what Big Brother’s Digital Dollar or the CBDC can mean for you and how you can protect your financial freedom.
