Skip to main content

On The Verge Of Totalitarianism Who's Raising The Alarm? Mark Wauck 2 hr ago

On The Verge Of Totalitarianism

Who's Raising The Alarm?

Yesterday, to not much fanfare in the MSM, the WH published a press release from its Office of Science and Technology Policy (OSTP):

Technical Possibilities for a U.S. Central Bank Digital Currency

Science and Technology!—who doesn’t want the US to stay on the cutting edge of science and technology? Do you want us to fall behind China, or Russia? We need to be first!

We worship at the altar of science and technology, because we no longer believe in God or human nature. And what could go wrong—just look at the successes of our mass campaign of experimental genetic medication injections!

Thanks for reading Meaning In History! Subscribe for free to receive new posts and support my work.

Hiding the report on a Central Bank Digital Currency (CBDC) under the heading of science and technology—rather than under, say, an Office of Totalitarian Implementation—is meant to lull the populace into accepting total state control over their lives. The press release, while framing work done so far as an effort to understand what it would all be about, gives the game away when it shifts to the word “urgent”. Note how the “variety of risks” is presented as if those risks are basically something like the risks involved in the use of credit cards or online banking—no more:

A United States central bank digital currency (CBDC) would be a digital form of the U.S. dollar. While the U.S. has not yet decided whether it will pursue a CBDC, the U.S. has been closely examining the implications of, and options for, issuing a CBDC. If the U.S. pursued a CBDC, there could be many possible benefits, such as facilitating efficient and low-cost transactions, fostering greater access to the financial system, boosting economic growth, and supporting the continued centrality of the U.S. within the international financial system. However, a U.S. CBDC could also introduce a variety of risks, as it might affect everything ranging from the stability of the financial system to the protection of sensitive data.

Notably, these benefits and risks might vary significantly based on how the CBDC system is designed and deployed. That is why Executive Order 14067, Ensuring Responsible Development of Digital Assets, placed the highest urgency on research and development efforts into the potential design and deployment options of a U.S. CBDC. The Executive Order directed the Office of Science and Technology Policy (OSTP), in consultation with other Federal departments and agencies, to submit to the President a technical evaluation for a potential U.S. CBDC system.

Count on it—it’s not a matter of if but of when. Consider. Rep. Elise Stefanik and others are currently questioning the major credit card companies because those companies have agreed to track purchases of guns and ammo—a way to arrive at an illegal registry by other means than strictly government action. Very similar to censorship through Big Tech and Media companies—in fact, the concept is identical. It’s the Corporate State of classical Fascism, with corporations working hand in glove with the government to control the populace and keep them in line. Land of the free? Not so much. Who thinks that information would never find its way to our national security agencies and domestic terrorism agents?

Think of CBDC as doing away with the need for such subterfuges and workarounds. For a good survey of all the ins and outs—wholesale CBDC v. retail CBDC, and so forth—consult this very good article at Forbes. The title tells you what you really need to know:

Central Bank Digital Currencies Are About Control – They Should Be Stopped

As the author observes:

No version of reality exists without political pressure …

… the political pressure will always be to expand the pool of people using the CBDC. While CBDC proponents currently speak of helping only the “unbanked” and the “underserved,” there is absolutely no chance that those groups won’t soon be more broadly defined.

The problem is that there is no limit to the level of control that the government could exert over people if money is purely electronic and provided directly by the government. A CBDC would give federal officials full control over the money going into–and coming out of–every person’s account.

This level of government control is not compatible with economic or political freedom.

Do not trust anyone who tries to suggest that CBDC is not leading in a direct line—is not the short road—to Totalitarianism.

Rod Dreher expresses this reality well, in more urgent terms:

Central Bank Digital Currency = Totalitarianism

A CBDC would mean that the US Government controlled all transactions in this country, digitally. The press release goes on to say that the government would still try to preserve a role for cash. Don’t you believe it. The government understands perfectly well that if it has the power to control every financial transaction in this country, that it can require all who wish to buy or sell to conform, or be cast out of the economy. This is how we are going to get an American version of China’s social credit system. If the US Government decides that you are a “threat to democracy” because of your political views, your religious beliefs, or anything at all, all it will take is the push of one button, and you will be a non-person, unable to buy or sell.

This is not paranoia. This is the truth. We already see a version of this at work in China.

From a different US Government document outlining policy objectives of the CBDC:

The CBDC system should support payments to and from the public sector and equity-advancing initiatives, such as the administration of social safety net programs. However, use of the CBDC system should not be mandated. Offline capability should be incorporated, and the role of cash should be preserved.

Again, don’t believe for a second that they will preserve the role of cash. The temptation to power and control is too great.

Actually Dreher has a lot more to say. I urge you to read it. Really.


Popular posts from this blog

"The West Does Not Understand the Extreme Danger from Its Arming of Ukraine The Idiot Biden Regime and Insane Neoconservatives Have the World on the Path to Armegeddon"

Paul Craig Roberts wrote: How Many More Red Lines Can Be Crossed Before Armageddon Arrives? Paul Craig Roberts The Organization for Security and Co-operation in Europe published on April 15, 2016, more than six years ago, a report on the torture of Donbass Russians by the Ukrainian military and police forces.   The report documents horrendous torture and it was done out of racial hatred of Russians. You can read the report here:     Few Westerners, being so poorly educated, are aware that Western Ukraine fought for Nazi Germany during World War II.   When Washington overthrew the Ukrainian government in 2014, Washington installed a Nazi government. The Nazi government in Ukraine shelled the Russian residents of the two break-away Donbass republics for 8 years while Washington and NATO trained and equipped a Ukrainian army to retake the breakaway republics. .. ... These statements from Russian leaders indicate that the I

Vox Cantoris vs. Aqua

The Catholic Monitor commenter Aqua had this to say to the Vox Cantoris website: Aqua said… Fred, your topic here reminds me of a dust-up, a few days ago, on Vox Cantoris. He asserted that it is our duty as Christians to wear masks to the Holy Sacrifice of the Mass if the government tells us we must, or they will close our Churches. My response to him was that I find it inconceivable that an orthodox Catholic, such as himself, would ever submit to unjust dictates from secular government over how we approach Our Lord in Holy Mass. My response to him was that the Mass belongs to Catholics and we decide, within the bounds of Tradition, and in accord with the Word of Jesus, how we conduct ourselves in Holy Mass. Only one authority prevails over Mass and that is our God and the Sacred Tradition given by Him to guide us in all times and places. Understand, there is nothing inherently wrong with wearing a mask to Mass. But there is EVERYTHING wrong with wearing a symbol

Mainstream Media: "Is America the Real Victim of Anti-Russia Sanctions?" & "Biden's arrogant anti-Russian sanctions have amounted to a price hike on working class Americans that have so far failed to weaken the Russian economy"

  Mainstream Media Acknowledges Biden’s “Arrogant” Sanctions On Russia Are Damning Americans:     @MaxBlumenthal Biden's arrogant anti-Russian sanctions have amounted to a price hike on working class Americans that have so far failed to weaken the Russian economy. His neocon policy accelerates the process of de-dollarization, diplomatic isolation & imperial decline. The mainstream new outlet asked "Is America the Real Victim of Anti-Russia Sanctions?": Remember the claims that Russia’s economy was more or less irrelevant, merely the equivalent of a small, not very impressive European country? “Putin, who has an economy the size of Italy,” Sen. Lindsey Graham, R-S.C., said in 2014 after the invasion of Crimea, “[is] playing a poker game with a pair of twos and winning.” Of increasing Russian diplomatic and geopolitical influence in Europe, the Middle East, and East Asia, The Economist asked in 2019, “How did a country with an economy the size of Spain … ach