CBDC: One step too far towards controlling the masses?

The Central Bank Digital Currencies (CBDC) is one of the most contested technology initiatives. This is the case in Europe. This is also the case in the United States. Many voices are raised to castigate a project that has no other vocation than the strategic control of the masses.

The CBDC, a draconian project?

In Europe as in the United States, the digital currency project of the American central bank (CBDC) is not welcome. Recently, the European Central Bank (ECB) had to make a media outing to explain the relevance of the initiative.

In the United States, the dynamic is the same. The pill does not pass with many Americans who see it as a threat to individual freedoms, financial in this case. It is in particular the meaning of recent statements by Ron DeSantisGovernor of Florida.

The opinion of this Republican leader is very clear. The CBDC so desired by the leaders is fundamentally harmful. Because, according to him, it is a springboard for the American state, in this case, to control the masses.

His opinion suggests that this advantage would explain why the American authorities insist that the project see the light of day. This, while it is obvious that the citizens do not want it. Indeed, we see the Biden administration pushing to accelerate its implementation.

For Ron DeSantis, as for several American politicians, the CBDC project is above all draconian. Accepting it means accepting the transfer of considerable power to those in power. That of having an undue right of scrutiny in the financial transactions of citizens. That, too, of blocking in real time the operations that it would not accept.

“I think with central bank digital currency, it’s a wolf that comes in the guise of a lamb. It is a massive transfer of power from individual consumers to a central authority. And that is fundamentally contrary to a free society,” castigated the Republican governor.

For now, his state has passed a law to ban the use of CBDCs. It is the consecration of a position that he recently publicly displayed in the company of Texas Senator Ted Cruz.