Silver Linings
The Banning of CBDC's, and the Vitality of 'Natural' Money
In his first week as President, Donald Trump signed an Executive Order banning the Federal Reserve Bank from creating a Central Bank Digital Currency [CBDC], halting plans for a US-based ‘digital dollar.’
One week later, the Globalists started weighing in…
Trump's digital dollar ban gives China and Europe's CBDCs free rein
Reuters
Okay. And?
Donald Trump's rapid move to ban a "digital dollar" has left the field wide open, observers say, for China and Europe to make their already-advanced central bank digital currency (CBDC) prototypes into global standard-setters.
While the United States has long seemed reluctant to turn the world's number one reserve currency digital, the fact that it is now the only country to impose a presidential ban on such an asset is hard to ignore.
Still not seeing the downside here.
Of course, they are using a threat of replacing the dollar as the global ‘reserve currency’ with a different currency (or basket of currencies), as a means to try to twist President Trump’s arm on implementing a CBDC. Or… they may actually mean it, and are plotting to leave the dollar behind.
Either way… I’m good. The 1944 Bretton Woods Accords, which became the shaky foundation upon which the corrupt international banking system we have today was built (with the dollar as the reserve currency), was an cataclysmic disaster for us commoners. As such, finally righting that egregious wrong would be a major plus in my book.
That aside, the CBDC model is one of the most tyrannical monetary plans ever envisioned, if not the most. Think about it - every single citizen’s worth, tied to and monitored by a central, federally (globally?) accessible database?
Social credit scores tightly investigated (What meme did you post on social media?), attempts to restrict your purchases (So why were you shopping for firearms?), and tracking how you choose to spend (From where did you acquire bacon?) your own earnings? Is that really something any Natural-minded person desires?
Have we not already sacrificed far too much Liberty to the existing system, one which includes the authoritarian tax-paradigm under which we live? Are we to just blindly accept a CBDC - global-based or otherwise - as the standard of value?
No, that is a step too far - and one which we have already taken, albeit gingerly. If you are familiar with Special Drawing Rights [SDRs] you know of what I speak, and if by chance you are not? Stay tuned, for I plan to cover the subject at some point in the future.
So yes, Trump banning CBDCs is a ‘win’… but just barely. That is because the EO also included the creation of a cryptocurrency working group, which will attempt to harness a stockpile of cryptocurrencies as a… honestly, I do not know what. I trust digital assets to the degree I trust flatulence (they are no more tangible than the gaseous emissions, and stink to only-slightly-lesser levels of offensiveness), so I find his focus on them to be as anti-Natural as that which he banned.
Call me old fashioned, but there is only one medium of exchange that is 100% Natural AND affordable for us commoners: Silver. Sure, using it as a currency would be take an adjustment, and be much more inconvenient than all this digital madness… and yes, a few safeguards would need to be put into place to prevent attempts to manipulate its values. But still… it could be accomplished.
I know many advocate for gold as the standard, but I have to respectfully disagree. Gold works great for larger purchases, but for daily transactions it is unrealistic as a medium of exchange. Silver is more practical for basic commerce, however, and has always been historically tied to us commoners as “The People’s Metal.”
Two other things would likely occur if silver became the standard: First, it would help bring purchasing power back to the local level. It would not exactly be easy to send silver to sites like Amazon for frivolous impulse-buys, after all, thus people would be more inclined to support businesses where they are able to carry their hard-earned coin in with them.
Secondly, when one is spending money that has intrinsic value all on its own, they think twice before wasting it away. When your cash has value, you value it more, thus allowing for your savings to grow. And if the money being used to buy items is not feeding the Agenda’s voracious consumerist system? The whole illusion of ‘wealth’… collapses.
Taken together, all of this is - can I say it again - Natural.
Therefore, as is oft the case with the Globalists and their parasites, these are why they are desperate to protect the current system. Said-system not only serves to nurture our darkest impulses (while serving to keep us disconnected from our Natural selves) but it also allows their volatile, usury-braced empire to stay afloat.
See, if a precious metal is the means of exchange? Interest-driven banking cartels become obsolete, because their money is figuratively and literally worthless. And…since ‘gold’ is impractical as a daily-use currency?
‘Silver’ is - in my not-terribly-humble opinion - the only practical path toward an organic, honorable, Natural-driven economy…
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I look forward to learning about Special Drawing Rights from you. I have not encountered the term.
At the height of the Depression, there were 3,100 local community currencies. There are 3,100 counties so that’s an average of one per county. I’m a fan of anything that is local. Silver could work. I am reading the book Bitcoin Bailout at the moment. I’m not certain what the answer is exactly, but I do understand we need some analog systems in place.
Thanks so much for writing about CBDC’s. I live in Colorado and when I bring CBDC up, people tend to think I am talking about CBD oil, which is rather unnerving.
Have a good day.
There is no such thing as a 'natural currency' because, by its very nature, 'currency' is abstracted from the real things it can buy.
Silver should be money. So should gold. So should anything that anyone is willing to take as an 'IOU' from one person to another.