Push for Central Bank digital currency increases.

IMF AND COUNTRIES  DEVELOPING DIGITAL CURRENCY

FLORIDAN AND INDIANA FIRST STATES TO BAN CBDC

The push to move not only individual countries but the world to a Central bank digital currency is accelerating. The IMF has announced it is developing a digital currency called the international monetary unit for all transactions worldwide. It is being touted as a way to simplify international transactions to avoid currency adjustments between counties. Over 40 countries are in the process of developing some form of Central bank digital currency.

In the United States the Federal reserve is also in the development stages and it will be available for use within months. This should not be confused with Crypto currency which is actually a far different medium of exchange. 

The problem with this move to Central bank digital currency is that it will give every government complete control of every transaction. It will not only produce a record of every transaction but likely will be able to ban certain transactions, ban certain individuals and companies from transactions and give governments an unprecedented power over every aspect of human commerce. A voluntary digital currency without the ability to deny or control or record transactions would be a possibility, but we can expect even it touted as such to get approval, it will be used for political power in the future.

So far 2 states, Florida and Indiana have overwhelmingly passed legislation banning the use of such currencies in their states, I expect there will be more. There are also states passing laws stating that money is whatever the federal government says it is.

The constitution states that congress will have the authority to coin money and regulate the value thereof and fix the standard of weights and measures. Of course this has long been abridged when the Federal reserve became the controller of money.

This has much to do to the question of, What is money?  Historically money was an asset that could be held in your hand, put in a safe or transported by the owner. It was a store of value, representing your hard work and self discipline to save or spend as you saw fit. The move to CBDC is the ultimate infringement on the sanctity of the individual to have control of his own wealth and industriousness, it is an ultimate power grab by government to take possession of all assets and decide who should have that access and control.

We can expect that the intentional destruction of the buying power of all currencies by either conniving or irresponsible politicians will result in a currency crisis and economic crisis. We can also expect that CBDC will be touted as the way to restore stability. It will in effect be a way to restore the Feudal system of the past.