Presidential candidate Robert F. Kennedy Jr. is opposing the concept of centralized control and recently blasted CBDCs and digital IDs.
Kennedy, who is an environmental lawyer, has disclosed his plan to head for the US presidency as a Democrat in 2024. He made this announcement after filing the required paperwork with the Federal Election Commission on April 5th.
In a separate event, Kennedy shared his views on CBDCs on Twitter.
The Fed just announced it will introduce its ‘FedNow’ Central Bank Digital Currency (CBDC) in July.”
Kennedy said
This statement is not entirely accurate. Although the Federal Reserve has revealed its plans to launch the FedNow payment system in July, it is not considered a CBDC.
Nevertheless, the implementation of this system could potentially aid in the development of a future CBDC, which the Biden Administration has expressed interest in supporting.
While cash transactions are anonymous, a #CBDC will allow the government to surveil all our private financial affairs.
The central bank will have the power to enforce dollar limits on our transactions restricting where you can send money, where you can spend it, and when money expires.”
the environmental lawyer warned.
Kennedy also warned about the possible risks of such technology. “A CBDC tied to digital ID and social credit score will allow the government to freeze your assets or limit your spending to approved vendors if you fail to comply with arbitrary diktats, i.e. vaccine mandates.
The Fed will initially limit its CBDC to interbank transactions but we should not be blind to the obvious danger that this is the first step in banning and seizing bitcoin as the Treasury did with gold 90 years ago today in 1933.
Watch as governments, which never let a good crisis go to waste, use Covid-19 and the banking crisis to usher in a new wave of CBDCs as a safe haven from germ-laden paper currencies or as protection against bank runs, Kennedy said.
His tweet had 7.5 million views at the time of writing this article.
