Tag: Central Bank Digital Currency

Trump Vows to Fight Central Bank Digital Currency, Keep Crypto Independent

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Donald Trump

by John Solomon   Former President Donald Trump is vowing to fight any effort to create a central bank digital currency in the United States, saying the “right of self custody” is the key to the future of America’s cryptocurrency. In a speech to a raucous crowd Saturday night, Trump told the Libertarian National Convention in Washington D.C. that he believes President Joe Biden is waging a “crusade to crush crypto.” “We’re going to stop it. I will ensure that the future of crypto and the future of Bitcoin will be made in the USA, not driven overseas,” Trump said. Biden two years ago issued an executive order that many fans of Bitcoin and other private cryptocurrencies panned. Among other things, it urged research on creating a national digital dollar. Trump offered a vastly different policy vision in his speech Saturday night, promising to keep federal regulators out of the cryptocurrency business like Sen. Elizabeth Warren, D-Mass., has urged. “I will support the right of self-custody.,” the former president said. “To the nation’s 50 million crypto holders, I say this: with your vote, I will keep Elizabeth Warren and her goons away from your Bitcoin. And I will never allow the creation of…

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Trump Asks Libertarians to ‘Combine’ with Him in Partnership to Defeat Biden

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Donald Trump at the Libertarian Convention

Former President Donald Trump on Saturday asked that Libertarian voters at the Libertarian National Convention vote for him in order to defeat President Joe Biden in the upcoming election.

“The fact is we should not be fighting each other,” Trump said. “If Joe Biden gets back in there will be no more liberty for anyone in our country. Combine with us in a partnership. We’re asking that of the Libertarians. We have to work together. Combine with us…..we cannot give crooked Joe Biden four more years.”

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Minnesota Rep. Introduces Legislation to Prevent Fed from Issuing Central Bank Digital Currency

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U.S. Rep. Tom Emmer has reintroduced legislation that would ban the Federal Reserve from issuing a central bank digital currency (CBDC), which the majority whip described as a potential threat to the “American way of life.”

As the Biden administration explores the possibility of developing a digital dollar, Emmer said the idea could dismantle “Americans’ right to financial privacy.”

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Commentary: Congress Is Central in the Authorization to Impose a Central Bank Digital Currency

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In God We Trust

“[W]e would not proceed with this without support from Congress, and I think that would ideally come in the form of an authorizing law, rather than us trying to interpret our law to enable this.”

That was Federal Reserve Chairman Jerome Powell in March 2021, noting the fact that when it comes a central bank digital currency – a more distinct possibility after several bank failures have swept across the global financial system – that Congress simply has not authorized such an undertaking.

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DeSantis Proposes Ban on Central Bank Digital Currency to Prevent ‘Woke Ideology’

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Florida GOP Gov. Ron DeSantis is calling on his Legislature to pass a bill that would prohibit any federally adopted Central Bank Digital Currency from being used in the state.

“A federally controlled Central Bank Digital Currency is the most recent way the Davos elites are attempting to backdoor woke ideology like Environmental, Social, and Governance (ESG) into the United States financial system, threatening individual privacy and economic freedom,” DeSantis’ office said Monday, taking aim at the World Economic Forum in Davos, Switzerland, in an announcement about the proposal.

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Commentary: Connecting Dots from COVID to SVB and Beyond

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A collection of seemingly random crises can spell out a sinister “conspiracy theory” when you consider their connections and where they are leading. An overplayed plot? Perhaps, but how many so-called conspiracy theories have proven to be reality recently?

First, the world economy shut down with the COVID lockdown. Manufacturing stopped and capital construction projects were put on hold. No one was making anything, and consumers were buying very little. 

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