Sat Nov 11, 2023
10:18 am EST
You can no longer sell unneeded items at a yard sale or send your grandkid a $10 bill in a birthday card.
Digital currency will allow the government to seize assets at will. Forget those middle-of-the-night FBI raids; just click a button, and the victim has nothing. The mere threat of this possibility will be enough to bring all but the most die-hard rebels into line with the régime.
“The temptation to abuse direct power over digital cash will likely be too much for the government to resist,” writes Lawrence Walters of the Walters Law Group. “Naturally, the potential censorship concerns resulting from this power extend far beyond the online entertainment industry and could be utilized against any person or business who refused to toe the line and submit to the government orthodoxy of the day… History shows that the government has a strong incentive to financially punish those who cross uncertain lines in the production and publication of controversial content, even without a criminal conviction.”
Catherine Austin Fitts, former assistant secretary of the U.S. Department of Housing and Urban Development, said in an interview: “If you can move every human into a digital concentration camp, empty their bank account any time you want, and tell them what they can and cannot spend money on, you’ve got complete control.” If you think the term “digital concentration camp” sounds extreme and over-the-top, think again. If the government decides to punish you, you’re toast. You can’t pay your power bill, so your electricity is shut off. You can’t pay your water bill, so your water is shut off. You can’t buy gas, so you can’t drive. You can’t pay your rent or mortgage, so you’re evicted. You can’t pay your property taxes, so your (paid-for) home is seized. You can’t buy food. Forget medical care, that’s out of the question.
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