Saule Omarova, President Biden’s nominee to lead the Office of the Comptroller of the Currency, is a champion of bringing a Chinese-style CBDC to America.In combination with China’s “social credit” system, the e-CNY will also enable China to directly send money to, and take money from, favored and disfavored individuals. People and businesses who speak out against the government can have their bank accounts instantly wiped out and find themselves de-platformed from economic life.
Full article from National Review Here
Wow, that’s such a hard read. We’re going to go over the precipice really soon. I’ve no words, just a prayer or two but I don’t see how these people will back off from this.
“Cut off their nose to spite their face.”