Revelations 13:16-18 “Also it causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead, so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name. This calls for wisdom: let the one who has understanding calculate the number of the beast, for it is the number of a man, and his number is 666.”
Important Takeaways:
- What Will America Be Like Under Biden’s Digital Dollar? Look At Communist China
- 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.”
- 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.
- According to The Wall Street Journal, the Chinese digital yuan is programable, and “Beijing has tested expiration dates to encourage users to spend it quickly, for times when the economy needs a jump start.”
- Even before the digital yuan’s issuance, those Chinese citizens who received lower social credit scores due to “bad behaviors” struggled to live an everyday life. Many couldn’t travel because they were unable to buy plane or train tickets, some were denied school or employment opportunities, and some pet owners even had their pets confiscated.
- The digital yuan has enabled the Chinese government to reprimand human rights activists, religious practitioners, and government critics in new and terrifying ways: by instantly deducting fines from their bank accounts, confiscating their wealth, or banishing them from China’s digital payment system completely. Knowing they won’t be able to survive for a day in a cashless society is frightening enough to silence most dissenting voices.
- Anyone who assumes the U.S. and other democracies will not abuse CBDCs like China has done is delusional. The Covid-19 pandemic revealed how quickly democratically elected governments in the West expanded their powers and intruded on citizens’ economic and political freedom in the name of public health.
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