VCY America

Digital Currencies Breed Control


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The pressure is on for a central bank digital currency. Increasingly, venues are denying cash and allowing electronic transactions only.Some say this is good because it will end the theft of currency and the underground sale of drugs and other things. Others believe this will lead to ultimate control of what you buy, how much you buy, where you buy and if you buy. Joining Jim to look at this trend and where we currently stand was Robert Knight. Robert is a former Los Angeles Times news editor and columnist for the Washington Times and contributes to other publications as well. Robert has held senior positions in a number of pro-family organizations. He has written several books including The Coming Communist Wave: What Happens If the Left Captures All Three Branches of Government, Liberty on the Brink and Crooked: What Really Happened in the 2020 Election and How to Stop the Fraud. His latest column is titled, Digital Currencies and the Fight for Freedom.Jim opened this broadcast by quoting from a Reuters report from the end of June in which they indicated that according to research by the U.S. based Atlantic Council, a total of 130 countries representing 98% of the global economy are now exploring digital versions of their currencies with almost half in advanced development, pilot or launch stages.Robert responded by indicating we have to be alert in American and not let this happen here. He expressed his appreciation for Senator Ted Cruz and Representative Tom Emmer in the House who are sponsoring bills to keep us from heading in that direction because the Biden administration seems to be in favor of us going that route.
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VCY AmericaBy Jim Schneider

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