White House hopeful RFK Jr. says instant payments may lead to ‘financial slavery’
Robert F. Kennedy Jr. filed documents with the United States Federal Election Commission on April 5 to run as a Democratic presidential candidate in 2024, according to multiple news reports. He is expected to officially announce his candidacy on April 19 in Boston, Massachusetts. As reports of his candidacy spread, Kennedy tweeted his position on central bank digital currency (CBDC).
Kennedy, the nephew of U.S. President John F. Kennedy and son of former U.S. attorney general Robert F. Kennedy, is an environmental lawyer who gained notoriety as an anti-vaccination activist. By running for the Oval Office, he would challenge current President Joe Biden, also a Democrat.
Also on April 5, Kennedy posted a tweet on the perceived dangers of CBDC. While CBDC is becoming an increasingly political issue in the United States, Kennedy’s statement stood out for its bluntness. There was also some factual confusion.
The Fed just announced it will introduce its “FedNow” Central Bank Digital Currency (CBDC) in July. CBDCs grease the slippery slope to financial slavery and political tyranny.While cash transactions are anonymous, a #CBDC will allow the government to surveil all our private…
“The Fed just announced it will introduce its ‘FedNow’ Central Bank Digital Currency (CBDC) in July,” Kennedy began. While the Federal Reserve said it will launch the FedNow instant payment system in July, it will not be a CBDC and is often seen as a competitor to a potential future government-backed CBDC.
The Federal Reserve has repeatedly stated that it would issue a CBDC only with a Congressional mandate.
In line with many opponents of CBDC, Kennedy paints a worst-case scenario of a “CBDC tied to digital ID and social credit score,” disregarding the
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