The U.S. House Just Passed a Bill Banning the Federal Reserve From Issuing a CBDC

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You realize these recurring nightmares all of us have?

The one the place all of your family and friends are caught inside a burning constructing, whereas nobody is heeding your calls that will help you assist them?

No? Simply us. Bizarre.

Properly, we really feel an identical kind of panic once we take into consideration Central Financial institution Digital Currencies (CBDCs).

In the event you’re unfamiliar with the concept of CBDCs, the essential gist is that this:

It’s a authorities owned/issued US greenback stablecoin.

Which, on the floor, sounds innocent — nevertheless it opens the door for some fairly dystopian ideas to weasel their method into our actuality.

The most important and most regarding being:

A centralized programmable cash would enable the federal government to primarily ‘swap your cash off’ (to not point out observe each cent you earn/spend while not having to serve your financial institution a warrant).

We’re not saying they might, simply that they may — and that’s scary sufficient by itself.

The excellent news is:

Congress is combating it! In reality the U.S. Home simply handed a invoice that seeks to ban CBDCs all collectively.

Now, it nonetheless must make it via the Senate, which is a taller activity by comparability — nevertheless it’s price celebrating regardless.

Trigger it lastly looks like somebody (congress) is acknowledging the burning constructing that’s crammed with our family and friends (CBDCs).