FedCoin To Track Everyone In New System

It’s been revealed that the FedCoin will track everyone in a new system that is 1984 style. Check out the latest reports about this below.

Rich Dad Poor Dad author Robert Kiyosaki warns that George Orwell’s novel 1984 could quickly become a reality. This could be happening  when the US goes ahead with launching a central bank digital currency (CBDC).

In a new episode of The Rich Dad Channel, Kiyosaki says that a “FedCoin,” or a Federal Reserve-issued CBDC, will allow the authorities to become omnipresent and surveil Americans’ every move to make sure they are behaving.

“The big concern with FedCoin, the CBDC, is that we lose our privacy. That they’ll track us, they’ll track every move because they’ll know everything we’re spending money on, what we spend it on, who we give it to and all these, so it becomes George Orwell’s 1984. Big Brother will watch you via our money and that’s the problem with the central bank digital currency, or the Fed Coin…”

The same notes continued and said:

“People like me panic. I said, ‘Oh my God, they’re gonna track me. I don’t want them to know how I’m spending my money. it’s none of their business.’

But now with blockchain and all this, they can track anything they want, so our privacy goes. That’s why when George Gammon says Orwellian, he’s talking about 1984. Big Brother’s going to watch you. That’s where we’re heading.”

Accoridng to the latest reports coming from the inline publication the Daily Hodl, Yellen wants to make it simpler for nonbanks to be supervised by the Federal Reserve Board, and remove what she describes as “inappropriate hurdles” that were made in 2019 with changes made under the Trump administration.

The same online publication the Daily Hodl notes the fact that the nonbanks are entities that do not hold a bank license but provide certain financial services.