When Barack Obama was in the White House and Democrats controlled Congress for his first two years in office, they passed a bill dubbed "Obamacare" that was the first step toward giving federal government bureaucrats complete control over Americans' health care. Since all Americans require medical care during their lives, the move was seen by critics as the ultimate authoritarian move.
The government is attempting yet another authoritarian move: the creation of a digital currency with the endgame objective being to control behaviors through "programmable" money that can influence and/or block certain spending habits.
- The Federal Reserve Bank of New York's Innovation Center (NYIC) announced that it would be launching a 12-week proof-of-concept pilot for a central bank digital currency, or CBDC.
The real challenge for policymakers is prematurely ending rate increases
- Kansas City Federal Reserve Bank President Esther George said inflation is at risk of growing entrenched in the economy, making it difficult for the Federal Reserve to fight inflation without a recession.
- Now, as an engineered recession is upon us, the same Fed will be introducing a digital currency that it can manipulate on behalf of the wishes of the deep state permanent government.
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