A central government power grab over our money?

 

I urge you to take four and a half minutes to watch this clip of Tucker Carlson interviewing South Dakota Governor Kristi Noem.  She's just vetoed a bill that would have redefined "currency" to exclude Bitcoin and other cryptocurrencies, leaving a Central Bank Digital Currency (CBDC) as the only legitimate digital currency available (if - or, more likely, when - it's released).  This poses a real threat to our control over our own money and what we're allowed to do with it.

Sundance points out that similar legislation has been introduced in more than 20 states.  He adds:

Additionally, with the timing of this national revision taking place very quietly; and with the failure of SVB and Signature Bank following a few weeks later; and with specific impacts to the cyptocurrency market; one is left wondering if the current bank “failure” and Biden team intervention was not an intentional crisis with a motive to push government controlled central bank digital currencies into the mainstream.

In essence, was the SVB banking collapse, a designed crisis?  And as a result, was the federal government response predetermined and just waiting to be triggered?

There's more at the link.

Sundance's perspective is enhanced by a statement from former Congressman Barney Frank.

A regulatory takeover of a New York-based bank was intended to send a message to U.S. banks to stay away from the cryptocurrency business, a former member of Congress who was on the bank’s board says.

Former U.S. Rep. Barney Frank said Monday that he believes the state officials behind the action were trying to make an example of Signature Bank in takeover that he said was the wrong move. Despite a wave of withdrawals, the bank's situation was under control before regulators swooped in, he said.

“This was just a way to tell people, ‘We don’t want you dealing with crypto,’” Frank said in an interview.

Again, more at the link.

Putting it all together, one is left with a very uncomfortable feeling.  I think the shady "gray eminences" behind the US government are at it again.  Will enough State governors and legislators have the same willingness to stand up for their citizens' rights as Governor Noem of South Dakota?  One hopes so.

Peter