Biden’s executive order gave the game away by stating that a U.S. digital dollar must ensure ‘financial inclusion and equity’ and monitor or mitigate ‘climate change and pollution.’
President Joe Biden issued a sweeping executive order last year on Central Bank Digital Currency (CBDC), which “places the highest urgency on research and development efforts into the potential design and deployment options of a United States CBDC.”
The Biden administration and its corporate media echo chamber want Americans to focus only on CBDC’s many benefits. But experiences in China, a nation that launched a digital currency in 2020, have shown that a CBDC considerably expands government power at the expense of individual freedom.
China’s digital currency, e-CNY, differs significantly from cryptocurrencies like Bitcoin. For instance, neither central banks nor governments have the power to program or manage Bitcoin. The total amount of Bitcoin was capped at 21 million by its mysterious […]
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