CBDC Is Grave Threat to Liberty, Presidential Hopeful Vivek Ramaswamy Warns

0 6

CBDC Is Grave Threat to Liberty, Presidential Hopeful Vivek Ramaswamy Warns

knife

The U.S. dollar will be stronger if it’s not a central bank digital currency (CBDC), according to candidate for Republican presidential nomination Vivek Ramaswamy. He is convinced that a digitized greenback and other digital fiats represent a threat to democracy in the United States.

CBDC Is the ‘Latest Trojan Horse of the Great Reset,’ Opponent Ramaswamy Says

Vivek Ramaswamy, one of the runners in the 2024 Republican Party presidential primaries, has criticized the U.S. government for considering a digital version of the dollar. “It’s telling that Janet Yellen is pushing for the U.S. to adopt CBDCs, begging Americans to keep up with the Jinpings,” he tweeted on Wednesday.

Ramaswamy believes that “CBDCs are just the latest Trojan horse of the Great Reset and are a clear path to a social credit system that will permanently embed ESG into our currency itself.” In his view, “the dollar will be *stronger* if we protect it from digitization.”

In a video posted on X, formerly Twitter, the American entrepreneur said he is a “big opponent” of central bank digital currencies, which he considers to be “a grave threat to liberty in this country,” for the same reason that China is adopting them. He elaborated:

In the U.S., that’s become an argument to say we need to do that to keep up. I view it the other way — precisely for the reasons that Xi Jinping wants to adopt it, is exactly the reasons why we in the United States shouldn’t.

Fed Should Focus on Stabilizing Dollar, White House Hopeful Suggests

Vivek Ramaswamy also slammed the U.S. Federal Reserve for its behavior in the past couple of decades, calling the central bank “a bad actor” for “trying to hit two targets with one arrow, inflation and unemployment, which has proven to be a disastrous 25-year experiment.”

“I think what the Federal Reserve needs to do is go back to focusing on what it did focus on, even after it went off the gold standard … stabilizing the U.S. dollar as a unit of measurement. That, too, is a big impediment to GDP growth,” the presidential candidate explained.

Ramaswamy’s comments on CBDCs come after last month, another contender to become the Republican nominee for the 2024 U.S. Presidential Election, Florida Governor Ron DeSantis, vowed to “nix central bank digital currency,” if he is elected president, describing it as a “massive threat to American liberty.”

What are your thoughts on central bank digital currencies? Let us know in the comments section below.

Leave A Reply

Your email address will not be published.

bitcoin
Bitcoin (BTC) $ 68,085.24
ethereum
Ethereum (ETH) $ 3,532.80
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 601.56
solana
Solana (SOL) $ 183.54
staked-ether
Lido Staked Ether (STETH) $ 3,530.88
usd-coin
USDC (USDC) $ 1.00
xrp
XRP (XRP) $ 0.600374
dogecoin
Dogecoin (DOGE) $ 0.140737
the-open-network
Toncoin (TON) $ 7.15
cardano
Cardano (ADA) $ 0.442354
avalanche-2
Avalanche (AVAX) $ 32.61
tron
TRON (TRX) $ 0.134511
shiba-inu
Shiba Inu (SHIB) $ 0.000018
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 68,098.25
chainlink
Chainlink (LINK) $ 14.94
polkadot
Polkadot (DOT) $ 6.42
bitcoin-cash
Bitcoin Cash (BCH) $ 399.42
near
NEAR Protocol (NEAR) $ 6.34
uniswap
Uniswap (UNI) $ 8.14
litecoin
Litecoin (LTC) $ 73.80
dai
Dai (DAI) $ 0.999982
pepe
Pepe (PEPE) $ 0.000013
leo-token
LEO Token (LEO) $ 5.69
wrapped-eeth
Wrapped eETH (WEETH) $ 3,687.00
matic-network
Polygon (MATIC) $ 0.54832
internet-computer
Internet Computer (ICP) $ 10.79
kaspa
Kaspa (KAS) $ 0.179228
fetch-ai
Artificial Superintelligence Alliance (FET) $ 1.48
ethereum-classic
Ethereum Classic (ETC) $ 24.17
aptos
Aptos (APT) $ 7.51
ethena-usde
Ethena USDe (USDE) $ 1.00
stellar
Stellar (XLM) $ 0.10592
monero
Monero (XMR) $ 163.97
blockstack
Stacks (STX) $ 1.99
mantle
Mantle (MNT) $ 0.881344
render-token
Render (RNDR) $ 7.19
dogwifcoin
dogwifhat (WIF) $ 2.80
filecoin
Filecoin (FIL) $ 4.78
injective-protocol
Injective (INJ) $ 27.81
arbitrum
Arbitrum (ARB) $ 0.802625
maker
Maker (MKR) $ 2,885.21
hedera-hashgraph
Hedera (HBAR) $ 0.074421
immutable-x
Immutable (IMX) $ 1.69
crypto-com-chain
Cronos (CRO) $ 0.09522
okb
OKB (OKB) $ 42.44
cosmos
Cosmos Hub (ATOM) $ 6.51
bittensor
Bittensor (TAO) $ 353.70
vechain
VeChain (VET) $ 0.030789
bonk
Bonk (BONK) $ 0.000033
arweave
Arweave (AR) $ 34.17
optimism
Optimism (OP) $ 1.97
sui
Sui (SUI) $ 0.8525
the-graph
The Graph (GRT) $ 0.220457
floki
FLOKI (FLOKI) $ 0.000209
first-digital-usd
First Digital USD (FDUSD) $ 1.00
rocket-pool-eth
Rocket Pool ETH (RETH) $ 3,952.31
renzo-restaked-eth
Renzo Restaked ETH (EZETH) $ 3,579.46
mantle-staked-ether
Mantle Staked Ether (METH) $ 3,664.72
lido-dao
Lido DAO (LDO) $ 1.95
theta-token
Theta Network (THETA) $ 1.66
thorchain
THORChain (RUNE) $ 4.89
notcoin
Notcoin (NOT) $ 0.016047
bitget-token
Bitget Token (BGB) $ 1.15
ondo-finance
Ondo (ONDO) $ 1.09
fantom
Fantom (FTM) $ 0.540919
aave
Aave (AAVE) $ 99.77
coredaoorg
Core (CORE) $ 1.64
jasmycoin
JasmyCoin (JASMY) $ 0.03042
whitebit
WhiteBIT Coin (WBT) $ 10.14
jupiter-exchange-solana
Jupiter (JUP) $ 1.08
based-brett
Brett (BRETT) $ 0.145008
celestia
Celestia (TIA) $ 6.74
pyth-network
Pyth Network (PYTH) $ 0.36783
algorand
Algorand (ALGO) $ 0.160065
sei-network
Sei (SEI) $ 0.392764
ether-fi-staked-eth
ether.fi Staked ETH (EETH) $ 3,524.18
mantra-dao
MANTRA (OM) $ 1.38
quant-network
Quant (QNT) $ 76.46
gatechain-token
Gate (GT) $ 7.85
elrond-erd-2
MultiversX (EGLD) $ 36.87
flow
Flow (FLOW) $ 0.656371
beam-2
Beam (BEAM) $ 0.019558
gala
GALA (GALA) $ 0.026568
msol
Marinade Staked SOL (MSOL) $ 220.30
kucoin-shares
KuCoin (KCS) $ 10.00
axie-infinity
Axie Infinity (AXS) $ 6.43
bitcoin-sv
Bitcoin SV (BSV) $ 47.87
popcat
Popcat (POPCAT) $ 0.954497
eos
EOS (EOS) $ 0.611905
flare-networks
Flare (FLR) $ 0.020347
kelp-dao-restaked-eth
Kelp DAO Restaked ETH (RSETH) $ 3,590.52
ethereum-name-service
Ethereum Name Service (ENS) $ 27.18
tokenize-xchange
Tokenize Xchange (TKX) $ 11.08
dydx-chain
dYdX (DYDX) $ 1.46
bittorrent
BitTorrent (BTT) $ 0.00000090644286
ordinals
ORDI (ORDI) $ 41.47
akash-network
Akash Network (AKT) $ 3.57
neo
NEO (NEO) $ 12.10
mog-coin
Mog Coin (MOG) $ 0.000002