The Federal Reserve is watching you

The Fed is developing a Central Bank Digital Currency, but it won't prevent a run on banks like Silicon Valley Bank. It is economic totalitarianism — algorithmic control over every transaction.

On the brink of mass hysteria over bank failures, America should consider this a teachable moment. With scary headlines and the prospect of shrinking 401(k)s, there’s no better time to get up to speed on why our fractional reserve banking system is prone to bank runs like that of Silicon Valley Bank and Signature Bank.

It’s also urgent to sound the warning that the Federal Reserve may use these bank failures to frighten Americans into adopting a Central Bank Digital Currency, or programmable currency. It’s absolutely essential that this idea gets a hard no from America. We must not buy the shackles of our own enslavement.

Just as it’s important to demystify AI by understanding that it’s a math algorithm, it’s important to clarify that a government-run digital currency is also an algorithm. The danger is that this algorithm can be programmed to control your wallet so politicians and bankers can manipulate you into making the “right” decisions about what to do with your money.