American CBDC To Trigger Huge Power Transfer From Citizens To Government

According to the latest reports, CBDCs are still seen as being terrible for the citizens of the US. Check out what Ron DeSantis has to say about all this below.

Florida Governor Ron DeSantis believes an American central bank digital currency (CBDC) would dramatically empower the government. More than this, such a thing would happen at the expense of personal freedom.

In a speech at Fort Myers Technical College, DeSantis warned about the fact that a US CBDC would give the government far more control over how people use their money.

According to the Republican Governor, a CBDC would allow the federal government to view people’s transactions and block purchases in real time.

“I think anyone with their eyes open could see the dangers that this type of an arrangement would mean for Americans who want to exercise their financial independence, who would like to be able to conduct business without having the government know every single transaction that they’re making in real time.”

DeSantis said that CBDCs go against the values upheld by a free society, and would catalyze a shift of power from the many to the few, as noted by the online pubcalition the Daily Hodl.

“Sometimes the government will do things where they provide kind of a benevolent rationale for what they’re doing, but it’s really nothing more than a wolf in sheep’s clothing.”

He continued and said this:

“Well, I think with central bank digital currency, this is a wolf coming as a wolf. This is something that will be a massive transfer of power from individual consumers to a central authority.”

He said that this is against a free society. We suggest that you check out the original article in order to learn more details about all this.