Presidential candidate Robert F. Kennedy Jr. He issued the following statement. He further warned: “We must not turn a blind eye to the obvious danger that this is the first step toward banning and seizing bitcoin, as the Treasury did with gold 90 years ago.”
Robert F. Kennedy Jr. warns about Fednow and CBDC
Attorney and vaccine skeptic Robert F. Kennedy Jr. criticized the Federal Reserve’s Fednow system and central bank digital currency in a tweet Wednesday, the same day he filed papers to run for president in 2024. He is the nephew of President John F. Kennedy and son of U.S. Senator Robert F. Kennedy.
“The Fed just announced in July that it will introduce a ‘Fednow’ central bank digital currency (CBDC).” and elaborated:
CBDC greases the slippery slope to financial slavery and political tyranny.
Fednow is the Federal Reserve’s real-time gross settlement (RTGS) system for immediate settlement. However, the Fed’s CBDC development is separate from Fednow, and Fed Chairman Jerome Powell said last month that the central bank’s CBDC work is still in the early stages of experimentation.
“While cash transactions are anonymous, CBDC allows the government to monitor all of our personal finances. The central bank will have the authority to place dollar limits on our transactions, restricting where we send money, where we spend it, and when we can spend it,” Kennedy’s tweet continued.” With CBDC tied to your digital identity and social credit score, the government can freeze your assets or restrict your spending to approved vendors if you do not comply with any instructions, i.e. vaccine obligations.”
“The Fed will initially limit CBDC to interbank transactions,” Kennedy warned:
Turning a blind eye to the obvious danger that this would be the first step to banning and seizing bitcoin, as the Treasury did to gold 90 years ago today, in 1933 We should not be.
{A government that does not waste a good crisis should use Covid-19 and the banking crisis to usher in a new wave of CBDCs as a safe haven from germ-ridden paper money or as protection against bank failures,” the presidential candidate concluded.
There are many voices sounding the alarm about the federal government launching CBDCs, including Congressman Tom Emmer, who introduced the “CBDC Anti-Surveillance Act” in February. Senator Ted Cruz recently introduced legislation to prohibit the Federal Reserve from developing direct-to-consumer CBDCs, and Florida Governor Ron DeSantis proposed in March to ban the use of CBDCs as money in his state.
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