Experts warn: Centralized digital currencies could be used to control how people behave

08/17/2022 / By Arsenio Toledo

Central bank digital currencies, the answer of governments to decentralized blockchain-based cryptocurrencies, could be used to control the consumption habits of people.

During an interview with Joe Rogan on “The Joe Rogan Experience,” British activist and radio and podcast presenter Maajid Usman Nawaz warned the public about looming dangers with the British government exploring the creation of a central bank digital currency (CBDC).

Nawaz showed Rogan an article featuring the British Chancellor of the Exchequer Rishi Sunak, who runs the economy of the United Kingdom, talking about how CBDCs could be programmed either by private employers or by the government to ensure that they are only spent on essential goods and services.

Sunak supposedly made this statement as a way to prevent people from using digital currencies to fund illicit purchases or to prevent people on welfare with taxpayer-funded digital currencies from using them to buy anything other than essential groceries.

But Nawaz pointed out that this technology could also be used to compel people who have not taken the Wuhan coronavirus (COVID-19) vaccine to get vaccinated.

“The vaccine passport infrastructure is in place, but now we know that the vaccine doesn’t stop infection or transmission, but the Checkpoint Charlie exists everywhere,” said Nawaz. “They bring in digital banking, central banking, digital currencies, you’ve got a scenario now that you’re checking in and out everywhere you go, using vouchers that are programmed and you can only spend where you’re told you can spend them.”

Nawaz warned that controlling how CBDCs are used could also be used to stifle any kind of dissent.

“If I’m speaking to you the way I’m speaking now, and my employer or government heard that and deems me as saying or doing something inappropriate, suddenly, I can’t actually pay to come here and speak to you anymore,” Nawaz told Rogan. “My digital currency won’t even pay for the ticket because it will be known that I’m coming to speak to you. ‘Sorry, your vouchers don’t allow you to purchase that ticket.'”

America could also have a CBDC controlled by the Federal Reserve

A similar situation could pop up in the United States in the form of President Joe Biden’s Executive Order 14067, officially titled “Ensuring Responsible Development of Digital Assets,” which he signed back in March. (Related: Global reset fully underway as 90% of central banks push for digital currency that governments can control.)

EO 14067 aims to provide more government oversight over the development of digital assets like CBDCs, including developing policy plans and connecting these plans with federal regulators.

“Any future dollar payment system should be designed in a way that is consistent with United States priorities … and that ensures the global financial system has appropriate transparency connectivity, and platform and architecture interoperability or transferability, as appropriate,” reads the executive order.

Investor, entrepreneur and financial expert Robert Kiyosaki recently lambasted the executive order, calling it “the most treasonous act in U.S. history” and calling the creation of a Federal Reserve-backed digital currency “communism in its purest form.”

Other financial experts have also strongly criticized moves toward the creation of an American CBDC.

Jim Rickards, an economist and investment banker with four decades of experience on Wall Street, called CBDCs “Bitcoin’s evil cousin.” He also warned that the day is coming when paper money would be made worthless and the U.S. dollar would crash. This would then be followed by the government controlling consumer spending, restricting access to basic needs and penalizing people who hold too much money.

Watch this clip featuring Nawaz warning about the dangers of CBDCs.

This video is from the ThriveTime Show channel on Brighteon.com.