Telepeer

Beware of the government’s push for a digital currency

September 25, 2024

The government wants your money.

It will beg, steal or borrow if necessary, but it wants your money any way it can get it.

The government’s schemes to swindle, cheat, scam, and generally defraud taxpayers of their hard-earned dollars have run the gamut from wasteful pork barrel legislation, cronyism and graft to asset forfeiture, costly stimulus packages, and a national security complex that continues to undermine our freedoms while failing to making us any safer.

Americans have also been made to pay through the nose for the government’s endless wars, subsidization of foreign nations, military empire, welfare state, roads to nowhere, bloated workforce, secret agencies, fusion centers, private prisons, biometric databases, invasive technologies, arsenal of weapons, and every other budgetary line item that is contributing to the fast-growing wealth of the corporate elite at the expense of those who are barely making ends meet—that is, we the taxpayers.

This is what comes of those $1.2 trillion spending bills: someone’s got to foot the bill.

Because the government’s voracious appetite for money, power and control has grown out of control, its agents have devised other means of funding its excesses and adding to its largesse through taxes disguised as fines, taxes disguised as fees, and taxes disguised as tolls, tickets and penalties.

No matter how much money the government pulls in, it’s never enough (case in point: the endless stopgap funding deals and constant ratcheting up of the debt ceiling), so the government has to keep introducing new plans to empower its agents to seize Americans’ bank accounts.

Make way for the digital dollar.

Whether it’s the central bank digital currency favored by President Biden, or the cryptocurrency being hawked by former President Trump, the end result will still be a form of digital money that makes it easier to track, control and punish the citizenry.

For instance, weeks before the Biden Administration made headlines with its support for a government-issued digital currency, the FBI and the Justice Department quietly moved ahead with plans for a cryptocurrency enforcement team (translation: digital money cops), a virtual asset exploitation unit tasked with investigating crypto crimes and seizing virtual assets, and a crypto czar to oversee it all.

No surprises here, of course.

This is how the government operates: by giving us tools to make our lives “easier” while, in the process, making it easier for the government to crack down.

Inevitably, a digital currency will become a central part of the government’s surveillance efforts.

As such, digital currency provides the government and its corporate partners with a mode of commerce that can easily be monitored, tracked, tabulated, mined for data, hacked, hijacked and confiscated when convenient.

This push for a digital currency dovetails with the government’s war on cash, which it has been subtly waging for some time now. Much like the war on drugs and the war on terror, this so-called “war on cash” has been sold to the public as a means of fighting terrorists, drug dealers, tax evaders and even COVID-19 germs.

According to economist Steve Forbes, “The real reason for this war on cash—start with the big bills and then work your way down—is an ugly power grab by Big Government. People will have less privacy: Electronic commerce makes it easier for Big Brother to see what we’re doing, thereby making it simpler to bar activities it doesn’t like, such as purchasing salt, sugar, big bottles of soda and Big Macs.”

This is how a cashless society—easily monitored, controlled, manipulated, weaponized and locked down—plays right into the hands of the government (and its corporate partners).

Despite what we know about the government and its history of corruption, bumbling, fumbling and data breaches, not to mention how easily technology can be used against us, the shift to a cashless society is really not a hard sell for a society increasingly dependent on technology for the most mundane aspects of life.

In much the same way that Americans have opted into government surveillance through the convenience of GPS devices and cell phones, digital cash—the means of paying with one’s debit card, credit card or cell phone—is becoming the de facto commerce of the American police state.

So what’s really going on here?

Despite all of the advantages that go along with living in a digital age—namely, convenience—it’s hard to imagine how a cashless world navigated by way of a digital wallet doesn’t signal the beginning of the end for what little privacy we have left and leave us vulnerable to the likes of government thieves, data hackers and an all-knowing, all-seeing Orwellian corpo-governmental state.

First, we’re already witnessing how easy it will be for government agents to manipulate digital wallets for their own gain in order to track your movements, monitor your activities and communications, and ultimately shut you down. For example, civil asset forfeiture schemes are becoming even more profitable for police agencies thanks to devices that allow police to not only determine the balance of any magnetic-stripe card (i.e., debit, credit and gift cards) but also freeze and seize any funds on pre-paid money cards. In fact, the Eighth Circuit Court of Appeals ruled that it does not violate the Fourth Amendment for police to scan or swipe your credit card. Expect those numbers to skyrocket once digital money cops show up in full force.

Commentary |

County managers failed our animal shelter

Commentary |

Foster kids’ benefits belong to kids, not the counties

Commentary |

Enough is enough: Orange County’s taxpayers deserve accountability and transparency

Commentary |

Senate Bill 900 is a bonanza for insurance companies and a blow to housing affordability

Commentary |

Despite what you’ve heard, Proposition 36 will not help people struggling with addiction

Second, a government-issued digital currency will give the government the ultimate control of the economy and complete access to the citizenry’s pocketbook.

Third, a digital currency will open Americans—and their bank accounts—up to even greater financial vulnerabilities from hackers and government agents alike.

Bottom line: digital authoritarianism will redefine what it means to be free in almost every aspect of our lives.

We have virtually no control over who accesses our private information, how it is stored, or how it is used. And in terms of our bargaining power over digital privacy rights, we have been reduced to a pitiful, unenviable position in which we can only hope and trust that those in power will treat our information with respect.

At a minimum, we need stricter laws on data privacy and an Electronic Bill of Rights that protects “we the people” from predatory surveillance and data-mining business practices by the government and its corporate partners.

Constitutional attorney and author John W. Whitehead is founder and president of The Rutherford Institute. Nisha Whitehead is the Executive Director of The Rutherford Institute. Information about The Rutherford Institute is available at www.rutherford.org.

Orange County Register

News Details

Beware of the government’s push for a digital currency

Related Articles

News

CONTACT INFO

QUICK LINKS

SERVICES

CURRENT NEWS