Economics/Class Relations

Central Bank Digital Currencies – The Big Question

I’m going to be out most of the day and probably will not be able to have a Substack ready for tomorrow. I saw a news story relating to the announcement that the Federal Reserve is ready to roll out its Central Bank Digital Currency (CBDC) payment system this coming July and wanted to comment on what I’ve been reading.

For those who are unfamiliar with the arguments against a 100%-based digital currency controlled exclusively by the Federal Reserve, recall that you’ve heard how individuals and some companies have been “de-banked” in the last decade. For example, many are worried that if records show they are unvaccinated, their accounts will be shut off until they are. Or, until you turn in your firearms, you will have no access to commerce. Some believe that the powers that be wouldn’t do this, but without being an alarmist, I believe it’s a very real possibility. Many have been sounding the alarm on these CBDCs and telling people this is our last stand and we have to “fight like hell!” What IS being done in reality to combat CBDCs?

Some people think I’m a fanboy of the governor of Florida, Ron DeSantis. But that usually comes from the ideologically possessed adjacent to me. With that being said, Governor DeSantis proposed a ban on all CBDCs in the

state of Florida this week. Here’s what he said to the Florida legislature:

I am here to call on the legislature to pass legislation to expressly forbid the use of CBDC as money within Florida’s uniform commercial code.

The article continues:


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