The Republican primaries are underway in the US. During one of his speeches, Donald Trump took a stand on the issue of CBDC, or central bank digital currency.
The presidential primaries are underway in the Republican Party. Former President Donald Trump is the clear favorite to win the nomination. The businessman and politician is conducting an intense election campaign.
Trump: I will not allow the Fed to pursue a CBDC
During a speech in Portsmouth broadcast by Fox News, Trump vowed that if he returns to the White House, he will “never allow” the Federal Reserve to issue a CBDC (central bank digital currency) in the United States.
– Tonight I make another pledge to protect Americans from government tyranny. I will never allow the creation of a central bank digital currency, he assured, drawing applause from the audience.
– Such a currency would give the federal government, our federal government, absolute control over your money (…) they could take your money and you wouldn’t even know it was gone – he emphasized.
Trump emphasized that this is a huge threat to freedom and promised that he will prevent the widespread implementation of the digital money system.
This is also DeSantis’ demand
However, it should be remembered that although this topic is widely discussed in the US and is an important part of the globalists’ agenda, the Federal Reserve has not yet – at least officially – been working on a digital dollar.
Perhaps Trump is counting on winning the electorate of Florida Governor Ron DeSantis. Last May, Florida preemptively banned the use of the central bank’s digital currency.
– Biden’s central bank digital currency aims to increase government control over citizens’ finances, and we will not allow that. In Florida, we value personal freedom and will not allow selfish elites to rob us of our freedom, DeSantis explained.
“I’m glad that here in the state of Florida we’re thinking about the future because once the genie is out of the bottle, I think it’s going to be very difficult to put it back in,” the Republican said.
Republican primaries
In the race for the Republican Party nomination, only two candidates are trying to compete with Donald Trump. In addition to DeSantis, former US ambassador to the UN and former South Carolina governor Nikki Haley is still in the game.
The chances of either are slim, but in New Hampshire, where the next primaries will take place, Haley is just over 10 percentage points behind Trump. On Tuesday, an even more favorable poll appeared for her, which pointed to a draw.
Trump won the first primaries – in Iowa – easily. The former president received 51 percent. votes, which was the best result in the history of primary elections in this state. In second place with the support of 21.2 percent. DeSantis came in third, with 19.1 percent. Haley.
Directly behind the stage was a biotechnology entrepreneur and book author Vivek Ramaswamy. He received 7.7%, then withdrew from the campaign and supported Trump.
Source: Do Rzeczy
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
