{"id":11386,"date":"2023-04-08T22:40:21","date_gmt":"2023-04-08T22:40:21","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=11386"},"modified":"2023-04-08T22:40:22","modified_gmt":"2023-04-08T22:40:22","slug":"robert-kennedy-jr-government-could-ban-seize-bitcoin-cbdcs-could-lead-to-financial-slavery-political-tyranny","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=11386","title":{"rendered":"Robert Kennedy Jr: Government Could Ban, Seize Bitcoin \u2014 CBDCs Could Lead to Financial Slavery, Political Tyranny"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p><strong>Presidential hopeful Robert F. Kennedy Jr. has issued a warning regarding the Federal Reserve\u2019s new Fednow system and the potential risks of central bank digital currencies leading to financial slavery and political tyranny. <\/strong><strong>He additionally warned: \u201cWe should not be blind to the obvious danger that this is the first step in banning and seizing bitcoin as the Treasury did with gold 90 years ago.\u201d<\/strong><\/p>\n<h2>Robert F. Kennedy Jr. Warns about Fednow and CBDCs<\/h2>\n<p>Lawyer and vaccine skeptic Robert F. Kennedy Jr. criticized the Federal Reserve\u2019s Fednow system and central bank digital currencies in a tweet on Wednesday \u2014 the same day he filed paperwork to run for president in 2024. He is President John F. Kennedy\u2019s nephew and U.S. Senator Robert F. Kennedy\u2019s son.<\/p>\n<p>\u201cThe Fed just announced it will introduce its \u2018Fednow\u2019 Central Bank Digital Currency (CBDC) in July,\u201d he wrote, elaborating:<\/p>\n<p>CBDCs grease the slippery slope to financial slavery and political tyranny.<\/p>\n<p>Fednow is the Federal Reserve\u2019s real-time gross settlement (RTGS) system for instant payments. However, the Fed\u2019s CBDC development is separate from Fednow, and Fed Chair Jerome Powell said last month that the central bank\u2019s CBDC work is still in the early stages of experimentation.<\/p>\n<p>\u201cWhile cash transactions are anonymous, a CBDC will allow the government to surveil all our private financial affairs. The central bank will have the power to enforce dollar limits on our transactions restricting where you can send money, where you can spend it, and when money expires,\u201d Kennedy\u2019s tweet continues. \u201cA CBDC tied to digital ID and social credit score will allow the government to freeze your assets or limit your spending to approved vendors if you fail to comply with arbitrary diktats, i.e. vaccine mandates.\u201d<\/p>\n<p>\u201cThe Fed will initially limit its CBDC to interbank transactions,\u201d Kennedy noted, warning:<\/p>\n<p>We should not be blind to the obvious danger that this is the first step in banning and seizing bitcoin as the Treasury did with gold 90 years ago today in 1933.<\/p>\n<p>\u201cWatch as governments, which never let a good crisis go to waste, use Covid-19 and the banking crisis to usher in a new wave of CBDCs as a safe haven from germ-laden paper currencies or as protection against bank runs,\u201d the presidential hopeful concluded.<\/p>\n<p>Numerous voices have cautioned against the federal government launching a CBDC, including U.S. Representative Tom Emmer, who introduced the CBDC Anti-Surveillance Act in February. U.S. Senator Ted Cruz recently submitted a bill to prohibit the Federal Reserve from developing a direct-to-consumer CBDC, and Florida Governor Ron Desantis put forth a proposal in March to outlaw the use of CBDCs as money in his state.<\/p>\n<p><em><strong>Do you agree with Robert F. Kennedy Jr. about Fednow and the risks of the government launching a CBDC? Let us know in the comments section below.<\/strong><\/em><\/p>\n<p>Kevin Helms <\/p>\n<p class=\"article__body__author__info__about\">\nA student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.<\/p>\n<p><i class=\"td-icon-font td-icon-mail-1\"\/><\/p>\n<p class=\"images_credits\"><em>Image Credits: Shutterstock, Pixabay, Wiki Commons<\/em><\/p>\n<p><strong>Disclaimer<\/strong>: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.<\/p>\n<p>More Popular NewsIn Case You Missed It<\/p>\n<p><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/news.bitcoin.com\/robert-kennedy-jr-government-could-ban-seize-bitcoin-cbdcs-could-lead-to-financial-slavery-political-tyranny\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Presidential hopeful Robert F. Kennedy Jr. has issued a warning regarding the Federal Reserve\u2019s new Fednow system and the potential risks of central bank digital currencies leading to financial slavery and political tyranny. He additionally warned: \u201cWe should not be blind to the obvious danger that this is the first step in banning and seizing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":11387,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[1],"tags":[],"class_list":["post-11386","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-crypto-updates"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11386","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=11386"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11386\/revisions"}],"predecessor-version":[{"id":11388,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/11386\/revisions\/11388"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/11387"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=11386"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=11386"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=11386"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}