United States Presidential candidate Robert F Kennedy Jr said a Central Bank Digital Currency (CBDC) would lead to government control over personal finances and vowed to end all efforts towards its development.
In a recent video posted on X (formerly Twitter), Kennedy highlighted his plans for financial freedom and reiterated his stance on CBDCs and Bitcoin (BTC) ahead of the elections.
Dr. Joseph @Mercola and I discuss financial freedom in the 21st century. As president, I will end the efforts to move toward a CBDC. #Kennedy24 pic.twitter.com/gao3D1HAeM
— Robert F. Kennedy Jr (@RobertKennedyJr) January 24, 2024
The Democratic candidate notes that he disagrees with a move by the United States Government to launch a CBDC calling it an instrument of government control over citizens.
This control and scrutiny over each transaction like an alcohol or medicine purchase will heighten political pressure on users and result in blackmail.
“It’s a calamity for human and civil rights. In China, they used Central Bank Digital Currencies and made them programmable so that if your social credit score drops below a certain number for example… like your make below your nose, the government can shut off your money.”
According to the candidate, the post was part of a discussion on financial freedom in the 21st century with Dr Joesph Mercola who hosts a podcast “Take Control of Your Health.” Mercola also researches alternative COVID-19 treatments.
Describing a horrific world of CBDC’s he added that it would essentially place citizens under house arrest as they won’t be able to buy gas or airplane tickets without the government’s approval.
This will lead to users behaving in a certain way to maintain the status quo taking away their freedom and
Read more on cryptonews.com