Robert F Kennedy Jr. Describes Central Bank Digital Currencies As Tools to Control and Oppress Americans
During an interview with The New York Post, Democratic Party presidential candidate Robert F. Kennedy Jr. broached the topic of cryptocurrencies.
Kennedy manifested his support for “Bitcoin and the freedom to transact,” and allowing individuals to exercise command over “Bitcoin wallets, nodes, and passwords.” In an ideal world, regulation would be confined to just fighting money laundering.
Kennedy also took issue with President Joe Biden’s cryptocurrency tax proposal, a stiff 30% tax rate, and raised major concerns about CBDCs.
He believes that CBDCs are “instruments of control and oppression, and are certain to be abused.” Similarly, RFK Jr. had critical remarks about artificial intelligence. He ultimately pushed for AI to be regulated and controlled. He cited some of the concerns that billionaire Elon Musk raised about AI. Musk is one individual RFK Jr. has praised for his devotion to free speech. He believes that AI, left unchecked, could “control narratives, create illusions, surveil our activities to dictate our behaviors and enforce compliance, and ultimately enslave humanity.”
Overall, Kennedy is right to attack CBDCs. These are tyrannical instruments that will be used to control the American populace by surveilling all of their financial transactions. Any individual who values economic freedom and financial privacy should oppose such schemes.
Instead, we should be calling for the abolition of central banks and allowing for competing currencies to emerge on the marketplace as alternatives to fiat money.