Governments worldwide are trying to replace cash with CBDCs, and people worldwide are starting to wake up, but we need a lot more.
A CBDC is a government-run crypto-token that replaces the national currency with a tracking ledger—a list of who owns what—that lets government surveil, control, and mandate every dollar you spend.
They could prevent you from buying the wrong thing, whether raw milk or gas stoves, or self-defense. They could stop you from donating to the wrong person, as we saw with the Canadian Truckers. They could even force you to buy whatever a government bureaucrat tells you to.
On top of the Soviet-style surveillance state, a CBDC is an existential threat to the banking system, to the US dollar and would give central planners push-button control over every element of your life.
Popular Pushback against CBDCs
Last week, the right-leaning Austrian Freedom Party lodged a protest against the current left-wing government ignoring a referendum on the right to use cash after an overwhelming 530,000 Austrians signed a referendum petition.
With CBDCs being pushed worldwide in the face of widespread public opposition, I think we’ll see more clashes over protecting the people’s right to save, and to spend, anonymously with cash—something we’ve had for a long time and taken for granted but now under threat of being seized into a CBDC, a giant balance sheet the government can surveil and manipulate at will, turning your money into an allowance.
In fact, a recent poll found that Americans overwhelmingly reject a CBDC, and opposition rises as they learn more about it. For example, opposition doubles when people learn a CBDC can be used to freeze the bank accounts of political protestors, it rises to even more when they learn a CBDC allows governments to monitor your spending, and it rises to 74% when they learn a CBDC lets government control your spending. Cholera polls better.
So why do governments keep pushing CBDCs when voters hate them? Simple: CBDCs are irresistible to governments who would dearly love to monitor and control every dollar you spend and every word you speak—think of the opportunities for social engineering, reparations, or a China-style social credit system.
Meanwhile, punishing political opponents with a CBDC means controlling speech. This means permanent job security for politicians who serve the deep state first with the people as an afterthought.
How Governments Use “Pilots” to Build CBDCs
The easiest to stop a CBDC is, of course, to make sure your government doesn’t start one.
Unfortunately, central banks worldwide—8, at last count, starting with China—are running CBDC “pilots,” allegedly for research, that build fully-functioning CBDCs without authorization. These should be stopped for the same reason governments shouldn’t be “piloting,” say, tools to mass-censor political speech. The people control the government, not the other way around, and we tell them what they’re allowed to “pilot.”
PERCEPTION RESET 