A BAN ON A CENTRAL BANK DIGITAL
CURRENCY FOR CONSUMERS.
SEAN: LET’S BRING IN MONICA
CROWLEY.
MONICA, GREAT TO SEE YOU.
I THINK WE SHARE THE SAME VIBE
ON THE DIGITAL CURRENCY.
WHAT’S YOUR TAKE?
>> IT’S HARD TO OVERSTATE HOW
DANGEROUS THIS IS.
WHEN PRESIDENT BIDEN CAME INTO
OFFICE HE ORDERED THE TREASURY
SECRETARY TO STUDY HOW THIS
WOULD AFFECT THE U.S. ECONOMY
AND AVERAGE AMERICAN.
WE ARE NOT ALONE.
MOST WESTERN GOVERNMENTS ALSO
HAVE THESE PILOT PROGRAMS.
THERE IS A MASSIVE MOVE TOWARDS
A CENTRAL BANK DIGITAL CURRENCY.
THE BOTTOM LINE IS IT’S NOT EASE
OR CONVENIENCE.
THE YOU WILL MALTZ OBJECTIVE IS
TO MOVE US TO A CASHLESS
SOCIETY.
YOU WON’T HAVE THAT HARD ASSET
OF THE $10 OR $20 BILL.
YOUR MONEY WILL BE SOFTWARE.
IT WILL BE A NUMBER IN THE
TREASURY THAT YOUR OPPONENTS AND
THE GOVERNMENT WILL HAVE ACCESS
TO.
THEY WANT TO GET RID OF THE
BANKS.
THEY WANT TO WIPE ALL THE BANKS
OUT SO YOUR BANK WILL BE THE
FEDERAL RESERVE.
THIS IS NOT REALLY ABOUT THE
MONEY.
THIS IS ABOUT POWER AND CONTROL.
BECAUSE THE GOVERNMENT SUCH AS
IT IS WILL HAVE ACCESS TO ALL OF
THE INFORMATION RELATED TO HE
SINGLE TRANSACTION YOU MAKE.
YOU BUY A STICK OF GUM BE THE
GOVERNMENT WILL KNOW.
YOU BROUGHT THE WRONG CAR?
NOW YOU ARE GOING TO GET
PENALIZED.
THIS IS A MOVE TOWARDS A
CCP-STYLE SOCIAL CREDIT SYSTEM.
THEY ARE USING THIS MOVE TO A
CENTRAL BANK DIGITAL CURRENCY AS
THE BIGGEST LEVER TO GET US
THERE.
SEAN: BITCOIN IS DECENTRALIZED.
BITCOIN IS A TECHNOLOGY FOR
FREEDOM, THIS IS ONES FOR
CONTROL.
I HAVE GOT A $2.
>> BILLION.
I CAN USE IT FOR ANYTHING WANT.
BUT WHEN THE GOVERNMENT CONTROLS
THE DOLLAR, THEY CAN CONTROL
WHETHER YOU CAN BUY A FIREARM,
HOW MUCH GAS YOU CAN BUY, HOW
MUCH ELECTRICITY CAN YOU BUY?
CAN YOU BUY MEAT?
>> THAT’S THE POINT, TOO.
IF YOU OVERSTEP PERHAPS YOUR
MONTHLY CARBON FOOTPRINT OR SAY
SOMETHING THAT THE GOVERNMENT
DOESN’T LIKE, YOU ENGAGE IN
WRONG THINK, THEY WILL BE ABLE
TO TURN OFF YOUR ACCESS TO YOUR
OWN MONEY SO YOU WILL NOT BE
ABLE TO BUY OR SELL ANYTHING.
THIS IS WHAT I MEAN ABOUT HOW
DANGEROUS IT IS.
YOU ARE SHUT OUT OF THE ECONOMY.
IT’S ALL SUBJECTIVE AND IT WILL
BE IN THE HANDS OF THESE
MARXISTS.
THIS IS WHY IT’S SO DANGEROUS.
THIS SPELLS THE END OF YOUR
ECONOMIC FREEDOM.
I’M NOT SURE THE AMERICAN PEOPLE
ARE PAYING CLOSE ATTENTION TO
IT.
I’M GLAD SENATOR CRUZ AND
GOVERNOR DESANTIS IS PAYING
ATTENTION TO IT.
WE NEED REPUBLICAN LEADERS ON
THE REPUBLICAN SIDE TO STAND UP
SAYING THIS IS NOT THE PATH FOR
THE UNITED STATES.
IF WE CONTINUE TO GO DOWN THIS
PATH YOU WILL LOSE ALL OF OUR
ECONOMIC FREEDOM.
>>
SEAN: I THINK THERE IS A
CONVERSATION ABOUT ATTACKS ON
DEMOCRACY.
DO YOU THINK THIS IS ONE OF THE
GREATEST THREATS WE FACE IN THE
COUNTRY.
>> IT’S ON THE PATH WITH THE
DEDOLLARIZATION MOVEMENT.
COUNTRIES ARE DUMPING THE DOLLAR
AND IT’S MOVING PRETTY FAST.
ALL SAUDI ARABIA HAS TO SAY IS
WE ARE GOING TO TRADE IN ANOTHER
CURRENCY OTHER THAN THE DOLLAR.
IF WE HAVE A TRUE ECONOMIC
IMPLOSION THEY WILL RIDE IN AS
THE RESCUERS WITH THE CENTRAL
BANK DIGITAL CURRENCY.
SEAN: I’M FRIGHTENED THAT WE CAN
LOSE THE RESERVE STATUS FOR THE
DOLLAR.
YOU LOOK AT A $32 TRILLION DEBT
ON THE WAY TO $50 TRILLION THE
NEXT 10 YEARS.
THE FED HAS A BALANCE SHEET OF
ALMOST $9 TRILLION.
THIS IS A DISASTROUS POLICY.
>> IF THAT GOES AWAYLE YOU WILL
HAVE THE KIND OF ECONOMIC
IMPLOSION WE HAVE NOT SEEN SINCE
THE GREAT DEPRESSION.
THAT MEANS ASTRONOMICAL
INFLATION THAT MAKES TODAY’S
INFLATION LOOK LIKE CHILD’S
PLAY.
THIS WILL BE HYPER INFLATION.
THE ONLY SOLUTION IS GOING BACK
TO THE GOLD STANDARD WHICH WOULD
BE DIFFICULT TO DO.
BUT YOU HAVE GOT TO HAVE OUR
CURRENCY BACKED WITH A HARD
ACCESS LIKE GOLD.
OTHERWISE YOU HAVE GOT THIS FREE
FLOATING DOLLAR IN THE SYSTEM
THAT’S NOT BACKED BY ANYTHING REAL.
REAL.
SEAN: HANUKKAH MONICA CROWLEY, I AGREE WITH YOU MORE.