Last week Governor Ron DeSantis set an example for the remaining states to follow his lead on protecting Floridians and businesses from the far wide reach of “Big Brother’s”federal government control. Governor DeSantis announced legislation which would amend Florida’s Uniform Commercial Code to explicitly prohibit the use of any Central Bank Digital Currency (CBDC) as money. The legislation also prohibits the central global currency of CBDC by foreign reserves or foreign sanctioned central banks. He also called upon other states to join Florida and fight back against this nationwide government control concept.
A Central Bank Digital Currency would be directly controlled by the government and issued by the government to citizens and businesses. This would allow total oversight of the accounts and activities. This oversight would provide ultimate control of access and purchase for consumer goods and services. Central Bank Digital Currency will also eliminate individual privacy and economic freedom. Governor DeSantis stated, “The Biden administration’s efforts to inject a Centralized Bank Digital Currency is about surveillance and control. Today’s announcement will protect Florida consumers and businesses from the reckless adoption of a ‘centralized digital dollar’ which will stifle innovation and promote government-sanctioned surveillance. Florida will not side with economic central planners; we will not adopt policies that threaten personal economic freedom and security.”
A federally sanctioned Central Bank Digital Currency as proposed by the current Washington administration would be under direct control with exclusive responsibility of the federal government. Direct and exclusive both provide no transparency or accountability to the American people. Eliminating chartered financial institutions such as community banks and credit unions will only eliminate competition and provide an extremely narrow market for lending power. This is known anti-competitive behavior. Anti-competitive behavior is exercised to reduce competition within the markets to achieve domination within the industry. This domination often results in very high profit margins and deters competitors from entering the market.This type of behavior is protected by the Sherman Act, enacted in 1890. The Sherman Act is among one of our country’s most important and enduring pieces of economic legislation and free market trade. The Sherman Act prohibits any agreement among competitors to fix prices, rig bids, or engage in other anticompetitive activities. However, we are talking about “Big Brother’s” Central Bank Digital Currency and we all know “Big Brother” recuses himself from our Constitutional Rights and Freedoms.
State Chief Financial Officer Jimmy Patronis weighed in with these comments. “Governor DeSantis is ahead of the curve when it comes to protecting individual rights. A Central Bank Digital Currency is the cornerstone of a federal government that could track each and every transaction that happens in the world. There would be no privacy, and if there is no privacy, there are no rights. In the same way Florida is fighting back against the IRS, we need to fight back against this program. It’s how we protect freedom, liberty, and prosperity.”
We all have the inalienable rights of Life, Liberty, and the Pursuit of Happiness. However, we must pay attention and fight to protect all our rights and freedoms. That why I give you The Straight Truth weekly to keep you informed and up-to-date.