Recently, Florida Governor Ron DeSantis signed legislation that makes Florida the first state to explicitly prohibit a central bank digital currency.
You see, DeSantis thinks that CBDCs are just another way of increasing surveillance and control over Americans.
He even refers to CBDCs as “Big Brother’s Digital Dollar.”
Specifically, DeSantis believes that a CBDC could threaten:
• Personal privacy
• Economic freedom (through government sanctioned surveillance)
• Community financial institutions (such as local banks)
• FinTech innovation (due to a monopoly on financial infrastructure)
• Access to goods and services (by potentially blacklisting citizens who make certain purchases)
As such, the new bill prohibits the use of a federally sanctioned CBDC as money within Florida’s Uniform Commercial Code. It also bans CBDCs issued by foreign governments and central banks, such as China’s digital yuan.
Now, DeSantis’ beliefs aren’t just baseless claims. In one of his recent speeches, he cited one current example where limits are placed on the purchase of certain goods.
He quoted that major credit card companies have attempted to monitor transactions of firearm retailers and consumers by categorizing businesses under certain codes.
Obama signed the Dodd-Frank legislation suppoaedly to prevent the excessive risk-taking that led to the financial crisis, Yet it did so by outlawing home ownership for the low-income and trapping them as perpetual rental clients for Blackrock. That was very convenient. Quite a few hands were in the cookie jar on this one
CBDCs BANNED IN FLORIDA
by DeSantis!!
Recently, Florida Governor Ron DeSantis signed legislation that makes Florida the first state to explicitly prohibit a central bank digital currency.
You see, DeSantis thinks that CBDCs are just another way of increasing surveillance and control over Americans.
He even refers to CBDCs as “Big Brother’s Digital Dollar.”
Specifically, DeSantis believes that a CBDC could threaten:
• Personal privacy
• Economic freedom (through government sanctioned surveillance)
• Community financial institutions (such as local banks)
• FinTech innovation (due to a monopoly on financial infrastructure)
• Access to goods and services (by potentially blacklisting citizens who make certain purchases)
As such, the new bill prohibits the use of a federally sanctioned CBDC as money within Florida’s Uniform Commercial Code. It also bans CBDCs issued by foreign governments and central banks, such as China’s digital yuan.
Now, DeSantis’ beliefs aren’t just baseless claims. In one of his recent speeches, he cited one current example where limits are placed on the purchase of certain goods.
He quoted that major credit card companies have attempted to monitor transactions of firearm retailers and consumers by categorizing businesses under certain codes.
Obama signed the Dodd-Frank legislation suppoaedly to prevent the excessive risk-taking that led to the financial crisis, Yet it did so by outlawing home ownership for the low-income and trapping them as perpetual rental clients for Blackrock. That was very convenient. Quite a few hands were in the cookie jar on this one
https://www.armstrongeconomics.com/markets-by-sector/real_estate/real-estate-blackrock-dodd-frank/
Twin epidemics of autism and gender dysphoria occurring at the same time. Are they related?
https://gettr.com/post/p2ivdm44f1b