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Cash is Freedom

Why is intrinsically worthless cash essential for the survival of a FREE SOCIETY?

Campaign Against a Programmable Digital Currency

The worldwide evolution to programmable digital currencies is inevitable.  So what is a programmable digital currency?
 

Blockchain

 

A blockchain is a database or distributed ledger, segments of which are spread (distributed)  geographically across many sites. The database consists of blocks of records securely linked together cryptographically.
 
Blockchain technology gave rise to cryptocurrencies and may or may not be part of government digital currencies.
 
Here is what the U.S. Federal Reserve has to say about programmability:
 
“One facet of successful public blockchain systems that may provide some clarity is how they closely link digital value and programmability in a single system that only functions properly when both are present. In traditional financial technology systems, digital money is typically defined by database entries. Any “programmability” offered for this money, whether internally to the entity maintaining the database or exposed to its customers via an application programming interface (API), involves another technology system built separately from that database and then connected in some fashion.”
 

In Some Fashion?

 

The programmability, in some fashion, is the part of Central Bank Digital Currencies that has a lot of citizens in free countries upset.
 

Cashisfreedom.uk

 

A group of self-described ordinary people in the UK  have an immensely informative website where they share many of the dangers of programmable currency.  Go to their website to learn about how Canada already weaponized the financial system against people who disagreed with the Trudeau government.

Central Bank Digital Currency

“CBDC” is the acronym to keep in your sights. Near the end of President Biden’s September 16. 2022 FACT SHEET,  the administration announced its intention to develop a U.S. Central Bank Digital Currency. Read about it HERE.
 
Most of the fact sheet details laudable things our benevolent government is going to do to protect us.  Most of these measures will be quietly implemented into law and regulations. Few will notice except those directly impacted by what will inevitably become burdensome and costly regulations.
 

The same thing happened after the 9/11 terrorist attack. Congress enacted the benign sounding “Uniting and Strengthening America by Providing Appropriate Tools Required to Intercept and Obstruct Terrorism (USA PATRIOT) Act of 2001”

 

Here again, many average citizens barely noticed its onerous provisions because it is clearly targeting only terrorists.

The ACLU disagrees:

 

The Rutherford Institute also thinks the Patriot Act is flawed.

How Liberty Dies: The Patriot Reauthorization Act

It’s clear that when government is empowered to overreach its Constitutional Authority, it will do so with impunity.  Average citizens do not have the resources to fight it when they are unjustly targeted.
 
So shall it be if a USCBDC is enacted, as it inevitably will be. All citizens can do is hope to ensure adequate safeguards and the continuation of a cash economy.
 
Watch Steve Forbes on YouTube for a far better explanation that we can do.
 
The link is below.