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.
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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.
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Florida Gov. Ron DeSantis laid out the broad strokes of his economic policy in an interview with Just the News, vowing to reinvigorate America’s manufacturing base, rein in the Federal Reserve and ban a central bank digital currency if elected president.
“Cash is king,” he declared.
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“[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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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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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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