Leading Republican Figures Take Aim At CBDCs

January 27, 2024 12:17 am Comments

Leading Republican figures have put the concept of central bank digital currencies (CBDCs) in their sights.

Former President Trump recently told an audience that following the dire warnings given to him about CBDCs, from former Presidential candidate Vivek Ramaswamy, he would never allow a CBDC to come to fruition if he retakes the Oval Office in 2024.

Ramaswamy has been one of the loudest critics of CBDCs within the Republican movement and has taken extremely sensible positions on liberty and sound finance.

Contrast this with the Democrat Party and administrative bureaucrats in the Federal Reserve Banking System.

A CBDC would spell the end of financial freedom not just in America, but in the entire world. Here’s what President Trump and Vivek Ramaswamy had to say about the hot-button issue:

Daily Hodl provided this statement from Ramaswamy:

“A central bank digital currency, I believe, is a threat to liberty in this country because it creates a mechanism for the government to be able to wipe out your bank account or wipe out your dollars if you say or do something that the government disapproves of as you see in places like China, as you see even happened to the Canadian truckers, the Freedom Convoy, losing access to their financial bank accounts.”

Austin Peterson writes: “Vivek Ramaswamy in the last 24 hours informed millions of people, via Trump, who had no idea what a CBDC was, that it’s important they be banned; thereby doing more for libertarian ideals than most libertarians have done in a lifetime of activism.”

CoinDesk quoted President Trump:

“This would be a dangerous threat to freedom, and I will stop it from coming to America. Such a currency would give a federal government, absolute control over your money. They could take your money, and you wouldn’t even know it was gone.”

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