As per the constitution, Congress has the power to regulate coin. That's it. They failed so far.
Now the fed, on the wings of an EO, or rather the EO covering the FED moves, tries to establish a CBDC, a central bank digital currency at the expense of all other forms of currency, including private coins/token. It also covers the connection of your identifiable data to that coin. It would also put a lot of power in the hands of the banking industry in term of what you can buy or sell with that currency (think guns, ammo, etc).
It is of interest to note how this debate is raging elsewhere, for instance in The Netherlands. Under pressure of the Nederlandsche Bank, the dutch Central Bank, banks like ING, ABN-AMRO, Volksbank (regio bank + SNS) and Rabo-bank were said to be put under "pressure" to enhance the Anti-Money Laundering and anti-terrorism financing by pooling their resources in checking every transaction above 100-€. It also means that in transgression of the law "protecting" personal data, this data is now shared within the banking industry. It is also a transgression against monopolies.
The banks on their part point towards the Nederlandsche Central Bank, who is then pointing to the ECB, who is pointing to the council of finance Ministers of the European Union. This Council consists of all Finance Ministers of the Member States of the European Union. And of course the Finance Ministers, are the ones overseeing the local Central Banks. This makes the square round, does it not?
Meanwhile, while everybody is pointing at everybody and nobody takes responsibility and steps up to the plate, the train moves at high speed.
On the backend, all data is already tied together. The data of the banks, the data of the bailif, the data of the public prosecutor, police, municipalities, Fiscus, healthcare, etc, it is one big data collection scheme. The moment this was achieved some 4 years ago, the EU came up with the plan of a European Identity Card. The Covid scamdemic only exacerbated the issue because all of a sudden more people woke up to the prospect of a digital prison.
Of course, the moment it is deployed a currency crisis will occur, the same as with Covid, to push the population into adopting the apparent safety of a CBDC.
Do you think the US is free from this pervasive influence?
When looking at the States, the question is whether or not States have the right to ban a CDBD?
It smells of a debate raging in the past where the question was of the Federal Government had the right to establish a bank, while States were perfectly within the bounds of their power to have a central bank. Of course, this debate was put to rest in the supreme court. And yes, by a long and winding opinion it was thought to be perfectly constitutional.
So, what is the constitutionality of CBDC?
Can a State prohibit the deployment of a CBDC?
From this point of view, I would posit that a CBDC is unconstitutional as only gold and silver is constitutional money.
States are bound to settle debts in gold and silver.
A CBDC also transgresses against the 1st, 2nd, 4th, amendment to the Constitution.
This leads me to view a prohibition of a CBDC by the State as perfectly logical and lawful.
Despite this view, I am also very conscious about what these kind of debates have on the consciousness of people. It mold and programs us to think digital solutions are in any way shape of form helpful to maintain freedom.
I think it does exactly the opposite. At least within the confines of the current landscape. Maybe, at a later date under different circumstances as part of a private contract.
Then there are private currencies like BTC, ETH, Monero, and others. The list is almost endless. In essence, there is also the URA, based on a number of hours per person. In effect, anyone could create their own currency, and based on their reputation, gain or lose value against others.
And indeed, I have no qualms to agree with you, governments have no business in restricting access or use of private coins. Except maybe gold and silver, to check whether those coins in circulation do adhere to the required standards.
So if a silver or gold coin is to be of a certain make and model, as defined by Congress, then that is the way it is. And rightly so, they wold prosecute scammers.
I would agree.
I feel though that we are discussing two things.
As per the constitution, Congress has the power to regulate coin. That's it. They failed so far.
Now the fed, on the wings of an EO, or rather the EO covering the FED moves, tries to establish a CBDC, a central bank digital currency at the expense of all other forms of currency, including private coins/token. It also covers the connection of your identifiable data to that coin. It would also put a lot of power in the hands of the banking industry in term of what you can buy or sell with that currency (think guns, ammo, etc).
It is of interest to note how this debate is raging elsewhere, for instance in The Netherlands. Under pressure of the Nederlandsche Bank, the dutch Central Bank, banks like ING, ABN-AMRO, Volksbank (regio bank + SNS) and Rabo-bank were said to be put under "pressure" to enhance the Anti-Money Laundering and anti-terrorism financing by pooling their resources in checking every transaction above 100-€. It also means that in transgression of the law "protecting" personal data, this data is now shared within the banking industry. It is also a transgression against monopolies.
The banks on their part point towards the Nederlandsche Central Bank, who is then pointing to the ECB, who is pointing to the council of finance Ministers of the European Union. This Council consists of all Finance Ministers of the Member States of the European Union. And of course the Finance Ministers, are the ones overseeing the local Central Banks. This makes the square round, does it not?
Meanwhile, while everybody is pointing at everybody and nobody takes responsibility and steps up to the plate, the train moves at high speed.
On the backend, all data is already tied together. The data of the banks, the data of the bailif, the data of the public prosecutor, police, municipalities, Fiscus, healthcare, etc, it is one big data collection scheme. The moment this was achieved some 4 years ago, the EU came up with the plan of a European Identity Card. The Covid scamdemic only exacerbated the issue because all of a sudden more people woke up to the prospect of a digital prison.
Of course, the moment it is deployed a currency crisis will occur, the same as with Covid, to push the population into adopting the apparent safety of a CBDC.
Do you think the US is free from this pervasive influence?
When looking at the States, the question is whether or not States have the right to ban a CDBD?
It smells of a debate raging in the past where the question was of the Federal Government had the right to establish a bank, while States were perfectly within the bounds of their power to have a central bank. Of course, this debate was put to rest in the supreme court. And yes, by a long and winding opinion it was thought to be perfectly constitutional.
So, what is the constitutionality of CBDC? Can a State prohibit the deployment of a CBDC?
From this point of view, I would posit that a CBDC is unconstitutional as only gold and silver is constitutional money. States are bound to settle debts in gold and silver. A CBDC also transgresses against the 1st, 2nd, 4th, amendment to the Constitution.
This leads me to view a prohibition of a CBDC by the State as perfectly logical and lawful.
Despite this view, I am also very conscious about what these kind of debates have on the consciousness of people. It mold and programs us to think digital solutions are in any way shape of form helpful to maintain freedom.
I think it does exactly the opposite. At least within the confines of the current landscape. Maybe, at a later date under different circumstances as part of a private contract.
Then there are private currencies like BTC, ETH, Monero, and others. The list is almost endless. In essence, there is also the URA, based on a number of hours per person. In effect, anyone could create their own currency, and based on their reputation, gain or lose value against others.
And indeed, I have no qualms to agree with you, governments have no business in restricting access or use of private coins. Except maybe gold and silver, to check whether those coins in circulation do adhere to the required standards.
So if a silver or gold coin is to be of a certain make and model, as defined by Congress, then that is the way it is. And rightly so, they wold prosecute scammers.