{"id":49971,"date":"2023-04-10T16:22:05","date_gmt":"2023-04-10T20:22:05","guid":{"rendered":"https:\/\/www.rightwinggranny.com\/?p=49971"},"modified":"2023-04-10T16:22:05","modified_gmt":"2023-04-10T20:22:05","slug":"dangers-of-digital-currency","status":"publish","type":"post","link":"https:\/\/www.rightwinggranny.com\/?p=49971","title":{"rendered":"Dangers of Digital Currency"},"content":{"rendered":"

Author: R. Alan Harrop, Ph.D<\/span><\/span><\/p>\n

Given the harsh reality that today\u2019s Democrat Party follows Marxist principles which will destroy this<\/span> country as we have known it, the best starting point is to oppose any new initiative coming from the Biden<\/span> regime. T<\/span>heir newest, and arguably, the most destructive of their many destructive policies is that of a digital<\/span> currency. They are currently \u201ctesting the waters\u201d so to speak and we must not allow them to<\/span> implement this<\/span>
idea. There are many reasons to oppose a di<\/span>gital dollar; here are a few of them.<\/span><\/span><\/p>\n

According to<\/span> the Biden regime,<\/span> a digital<\/span> form of currency<\/span> (Central Bank Digital Currency, CBDC)<\/span> would<\/span> be issued and controlled by the Federal Reserve and replace paper money in most if not all transactions. To a<\/span> g<\/span>reat number of people, myself<\/span> included<\/span>, who rely very heavily on their credit cards<\/span> for most financial<\/span> transactions this may seem to be a logical step.<\/span> But it is much more.<\/span> First<\/span><\/span>, a digital currency would be totally<\/span>
controlled by the Federal Reserve wh<\/span>ich is an agency frought with many problems since its inception in 1913<\/span>,<\/span> but most importantly the people do not control or select its members.<\/span> We cannot vote them out of office if<\/span> w<\/span>e<\/span> so desired<\/span>, consequently we lose control over our money system. Very b<\/span>ad idea.<\/span> Second<\/span><\/span>, digital currency<\/span>
is not backed by any tangible asset that has inherent value such as gold, silver, oil, etc.<\/span> Third<\/span>,<\/span> and this is<\/span> critical, the government would not only be able to track all your expenditures but would be able to stop<\/span> or<\/span> l<\/span>imit<\/span> you from purchasing items they do not think you should have.<\/span> Like gasoline powered cars, meat, gas<\/span> stoves, guns, ammunition<\/span> to name just a few.<\/span>. Why in the name of all that is holy<\/span>,<\/span> would any sane person<\/span> want to give the government total control o<\/span>ver your finances? With<\/span>out the ability<\/span> to spend what you want on<\/span> whatever you want, you have lost your freedom.<\/span> Period. No wonder Marxist governments like China are<\/span> moving towards digital currency.<\/span> Fourth<\/span>,<\/span> the money you have accumulated can be lost i<\/span>f the system is either<\/span> hacked or is compromised by an attack on the electrical grid.<\/span> We all know how totally preventing this type of<\/span> hacking is already not possible.<\/span> Fifth<\/span>,<\/span> say you wanted to go to a local bank (most of which will be eliminated)<\/span> and wi<\/span>thdraw some cash. Sorry, you will no longer be able to do so.<\/span><\/span>
<\/span><\/p>\n

You must stay abreast of what is going on with digital currency and let your elected officials know that<\/span> yo<\/span>u<\/span> are opposed and want it stopped.<\/span> Like all destructive Marxist social programs (e.g. Medicaid) the<\/span> Democrats will try to sell this idea with phony advantages.<\/span> Do not be fooled.<\/span> This is one of the most<\/span>,<\/span> if not<\/span> the most destructive Marxist ideas and th<\/span>e Repub<\/span>lican controlled U.S. House of Representatives<\/span> must block<\/span>
digital currency,<\/span> if our country is to survive<\/span><\/span><\/p>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Author: R. Alan Harrop, Ph.D Given the harsh reality that today\u2019s Democrat Party follows Marxist principles which will destroy this country as we have known it, the best starting point is to oppose any new initiative coming from the Biden … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[16440,7069,15034],"class_list":["post-49971","post","type-post","status-publish","format-standard","hentry","category-uncategorized","tag-digital-currency","tag-federal-reserve","tag-u-s-central-bank-digital-currency-cbdc"],"_links":{"self":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/49971","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=49971"}],"version-history":[{"count":1,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/49971\/revisions"}],"predecessor-version":[{"id":49972,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=\/wp\/v2\/posts\/49971\/revisions\/49972"}],"wp:attachment":[{"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=49971"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=49971"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rightwinggranny.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=49971"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}